What is business development?
Business development jobs in pharma, biotechnology, medical technology (medtech) and devices encompass a wide range of functions concerning the competitive awareness and advantage of a business. The opportunity for progression in business development jobs is huge, as is the potential to earn commission depending on the company and type of role. It can be a rewarding and lucrative career for talented professionals with an ambitious and outgoing nature.
What do business development jobs involve?
As business development is a diverse discipline, there are many different career paths to take and widely varying day-to-day responsibilities. For the most part, activities surround forward-planning and strategy, carrying out analysis and improving business processes to give the company as much commercial success and competitive advantage in the highly sophisticated life sciences industry.
Business development jobs in life sciences demand an understanding of other business areas such a research, manufacturing, logistics, finance and marketing. This is because typical day-to-day activities can include anything from project and/or portfolio management to budgeting and planning strategy. To be successful in business development, individuals must be process-driven with a systematic approach, yet possess creative flair and a strategic way of thinking.
Employers are likely to favour candidates with a degree in a business-related subject or, better still, a Master of Business Administration (MBA) qualification. As always, those with previous experience in a similar role will have a better chance at getting a business development role in pharma.
How ProClinical can help:
Working with a specialist recruitment agency such as ProClinical can help speed up the process of finding a new role, as we are highly experienced in life sciences recruitment and work directly with pharmaceutical, biotechnology and medical device companies throughout Europe, America and Asia that are recruiting specifically for business development roles. Upload your CV and wait to be contacted with suitable roles, or apply directly to one of our current business development opportunities. To be notified of business development jobs that are tailored to your specific requirements, sign up for our job alerts!
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