Business developer salary

Salary for Business Developer

Working as a business developer involves playing a central role in identifying and developing new business opportunities for companies. A business developer's salary often reflects the qualifications and experiences required to succeed in this dynamic profession. According to the latest statistics, the average salary for a business developer is 55 500 kronor per month. Men in the profession earn an average of 59 400 kronor while women earn 51 500 kronor, meaning that women earn approximately 87% of what men do.

Hourly Wage and Salary Development

Looking at the hourly wage for a business developer, it is around 334 kronor, based on 166 working hours per month. It is worth noting that the average salary has increased from 54 300 to 55 500 kronor since last year, indicating a positive salary development within the profession.

Highest and Lowest Salaries

The highest salary for a business developer is 78500 kr, belonging to a male working as a private sector executive. For women, the highest salary is 66600 kr. On the other hand, the lowest salary for a business developer is 40600 kr, a salary belonging to a female in the public sector with a three-year high school education. The lowest salary for a male is 44900 kr.

What Does It Mean to Work as a Business Developer?

As a business developer, or management and organizational developer, your primary responsibility is to develop strategies for the company's growth and efficiency. This may include identifying new markets, partners, and products, as well as improving internal processes. It is a profession that requires strategic thinking, analytical skills, and strong communication abilities.

Education and Qualifications

To become a business developer, a higher education degree in economics, marketing, or a related field is usually required. Furthermore, experience in sales, marketing, or project management can be advantageous. As the market evolves, continuous education and certification in business strategy and leadership can be valuable to stay competitive.

Benefits and Working Conditions

Benefits for business developers vary depending on the employer but may include paid training, a mobile phone, and the opportunity to work from home. Flexibility in the workplace and working hours may also be part of the package.

Future Outlook and Challenges

The profession of business developer is assessed to have medium opportunities for employment at the national level according to the Swedish Public Employment Service. The forecast for the next five years is unchanged, indicating that demand is expected to be stable. The recruitment situation is characterized by balance, meaning there is a fair match between supply and demand in the labor market.

Challenges in the Profession

One of the biggest challenges for business developers is to stay updated with market trends and technological advancements, as these affect the company's strategic decisions. Creating innovative solutions and managing changes are also central aspects of the work.

Summary

In conclusion, business development is an exciting profession for those interested in strategic development and growth for companies. With a competitive salary and opportunities for career advancement, it offers a stable and rewarding career path.