United Kingdom
Business Development Executive Salary in London
£27K
20% Low Band Avg
GBP £29K
Average
£34K
80% High Band Avg
- Bonus: 2,680
- Commission: 7,583
Salaries based on experience level
The Average Entry Level salary of Business Development Executive in London is GBP £25K/yr, this salary increases 15% to £29K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 71% from £29K/yr to £50K/yr.
Salary Compared to United Kingdom National Average Salary
- Business Development Executive in London Salary
- vs
- Business Development Executive in United Kingdom Salary
The Average Salary of Business Development Executive in London is £29K/yr. This is +20% higher (£4,892) compared to United Kingdom national average salary of £24K/yr.
Salary Compared to London City Average Salary
- Business Development Executive in London Salary
- vs
- London City Average Salary
The Average Salary of Business Development Executive in London is -24% lower (-9,253) than the average salary for the city of London £38K/yr.
Business Development Executive job description
Job Title: Business Development Executive
Overview/Summary of the role:
As a Business Development Executive, you will be responsible for identifying new business opportunities and partnerships that will grow the company's revenue, profitability, and market share. Your main task will be to develop and execute strategies that will help the company to compete effectively in the marketplace. You will work closely with senior management to understand business goals and objectives, and determine the best strategies to achieve them.
Responsibilities and Duties:
- Identification of new business opportunities, new markets, and new partnerships
- Developing and executing business plans to achieve revenue and profitability targets
Business Development Executive interview questions
Interviewer: Good morning/afternoon, thank you for joining us today. Can you tell us a little bit about your professional background and experience in business development?
Candidate: Good morning/afternoon. Thank you for the opportunity to interview for this position. I have had X years of experience in business development, most recently at Company ABC where I was responsible for X, Y, and Z. Prior to that, I worked at Company DEF where I led the expansion of our client base in the XYZ industry.
Interviewer: Can you walk us through your approach to identifying potential business opportunities?
Candidate: My approach involves conducting market research, identifying areas of growth, examining key industry trends, and building relationships with potential partners and clients.
Interviewer: How do you manage and prioritize your business development activities?
Candidate: I prioritize activities based on the potential for revenue generation, as well as the resources available to pursue these opportunities. I track progress closely and make decisions based on data analysis and feedback from my team.
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