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Business Development Officer in Red Bank, NJ

Business Development Officer Job Description

Business development officers should have a minimum of 10 years of experience in the banking or financial services industry, along with a solid understanding of the needs of investors. They must be strong communicators and have a proven ability to reach new clients and generate business. Business development officers typically deal with several clients at a time and should possess top-notch sales skills. A bachelor’s degree in finance or business is required, and firms often give preference to candidates with a CFA.

Typical business development officer duties:

Bringing in new business for the institutionWorking with executives, management and other staff to create new opportunities for the firmAligning current clients with the best investment opportunities

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Salary for Business Development Officer in Red Bank, NJ
116100 - 175500
Low
116100
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
147000
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
175500
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Managing Director/Partner 214800 257700 308100 Vice President of Banking and Financial Markets 166500 204000 240900 Portfolio Manager 126900 153900 186900 Banking and Financial Markets Associate 108300 138000 154500 Banking and Financial Markets Analyst 72900 94200 108300 Banking Operations Specialist 50100 74400 106800 Commercial Lender 91500 110700 130500 Senior Credit Analyst 91800 113100 133800 Credit Analyst 71100 87600 101700 Entry-Level Credit Analyst 61200 75300 96000

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.