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Hello All, Are you searching for a Business Development Analyst Salaries in India? or Do you want to know which skills are required to become a BDA? If yes, this post is for you. We have provided in detailed information about Business Development Analyst Salaries in India based on location (Bangalore, Chennai, Mumbai, Pune, Delhi etc.) and based on experience level (Fresher, Mid-level, Experienced).
What is a Business Development Analyst?
A Business Development Analyst is a professional who searches and analyzes opportunities for improving business offerings. They usually work with marketing and sales areas, managing a high amount of data to turn it into beneficial information.
Business Development Analyst Salary in India
The latest salary for a Business Analyst is ranging from a minimum of ₹2,22,000 to a maximum of ₹9,50,000. The average salary of a BDA is Rs.469,712 per annum.
Source: Payscale
What does it take to be a Business Development Analyst?
Bachelor’s degree in business development, marketing, or similar. Master of business administration degree (MBA) preferred. Previous experience as a business development analyst in a related industry. Proficiency in integrated business management and CRM software, including ProWorkflow and SalesForce.
What does a Business Development Analyst do?
Business Development Analysts are charged with monitoring, analyzing, and improving their company’s business. They accomplish this by conducting research, interpreting data, and making recommendations based on their findings.
Depending on the needs of their company, Business Development Analysts are usually required to create financial models, communicate with current and prospective clients, generate pitch decks and identify new business opportunities. Additionally, Business Development Analysts collaborate with a team of colleagues, such as managers, supply chain staff, engineers, and production employees daily, while simultaneously reporting to a higher-level staff member such as the Business Development Director or Vice President of Business Development.
Duties and Responsibilities of a Business Development Analyst
- Analyzing business operations and strategies to identify new opportunities.
- Identifying cost reductions to increase sales revenue.
- Reporting findings and obtaining approval from senior management, when required.
- Adding value to product offerings to increase sales.
- Evaluating and improving sales strategies, as well as identifying new customers.
- Writing proposals and liaising with other departments to align strategies.
- Analyzing consumer behavior to meet product demand and preferences.
- Performing competitor analysis toward an increased market share.
- Implementing efficient customer communication and feedback channels.
- Identifying and negotiating sales deals that promote sustained income.
Factors Affecting Business Development Analyst Salary in India
- Pre-Sales
- Business Analysis
- Data Analysis
What are the popular skills to become a Business Development Analyst?
- Strong interpersonal skills and proficiency in clearly communicating the strategy, either verbally or in written form.
- Bachelor’s Degree in Business Operations, Finance or Marketing, or other related fields.
- A Master’s degree in Business Administration will be counted as a big plus.
- A willingness to work with the same spirit for long hours and meet project deadlines.
- Good negotiation and persuasion skills will come in handy.
- A solution-oriented approach and the ability to keep calm under pressure and solve problems timely and effectively.
- Leadership and managerial skills are a must.
Business Development Analyst Salary in India: Based on Experience
Let’s see how a Business Development Analyst’s salary in India varies based on experience.
Entry-Level Business Development Analyst Salary in India
The average entry-level Business Development Analyst salary in India is ₹425,000/yr.
Mid-Level Business Development Analyst Salary in India
The average mid-level Business Development Analyst salary in India is ₹540,449/yr.
Experienced Business Development Analyst Salary in India
The average experienced Business Development Analyst salary in India is ₹523,810/yr to 1m.
Business Development Analyst Salary in India: Based On Location
Business Development Analyst Salary in Bangalore, Karnataka
The average salary for a Business Development Analyst in Bangalore is ₹578k per year.
Business Development Analyst Salary in Mumbai, Maharashtra
The average salary for a Business Development Analyst in Mumbai is ₹469K per year.
The average salary for a Business Development Analyst in Mumbai is ₹469K per year.
Business Development Analyst Salary in New Delhi, Delhi
The average salary for a Business Development Analyst in New Delhi is ₹613K per year.
Business Development Analyst Salary in Pune, Maharashtra
The average salary for a Business Development Analyst in Pune is ₹420K per year.
Conclusion
We hope the above provided information about Business Development Analyst Salary in India for Freshers and Experienced is useful to you. To Conclude and accomplish their responsibilities, a Business Development Analyst is expected to have an analytical skillset with solid communication and presentation skills. It requires a person to be proactive and multitasker to support essential areas for the company’s growth.