Salary Comparison for Business Development Executives
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US Salary:
- Average: $86,603 per year
- Highest: $80,000 per year
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Russia Salary:
- Average: RUB 342,559 per month
- Highest: RUB 385,118 per month
- Lowest: RUB 300,000 per month
Job Responsibilities and Skills
What a Business Development Executive Does?
A business development executive drives company growth by identifying and pursuing new clients, customers, and partners. The ideal candidate has sales or office experience, makes cold calls, and negotiates on the company’s behalf.
Key Differences and Challenges
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Difference Between Sales and Business Development Executives:
- Sales executives sell products directly to customers.
- Business development executives improve products by understanding client needs.
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Challenges Faced:
- Attracting diverse candidate pools when writing job descriptions.
- Varying salary ranges globally.
Business Development Executive Salaries in Different Countries
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Russia:
- Average monthly salary: RUB 342,559
- Highest monthly salary: RUB 385,118
- Minimum hourly rate: 430 RUB
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US:
- Average annual salary: $80,000
- Earnings variability based on sector, location, and experience
Additional Details on Job Responsibilities
- Responsibilities involve prospecting leads via emails, phone calls, and texts.
- Reviewing top-of-funnel marketing leads before passing viable options to colleagues in sales departments.
- Duties include managing new business projects end-to-end and evaluating financial performance of new ventures.
- Skills needed include business acumen, communication, resilience, and empathy.
Salary Ranges in India
- Entry-level business development executives earn ₹2,00,000 – ₹4,00,000 annually.
- Mid-level professionals with 3-5 years experience earn ₹4,00,000 – ₹8,00,000.