cross icon
loan apply banner 2
cross buton

How to Become a Business Development Manager With MBA IT Courses

by
Beverly Noronha
Aug 23, 2022

Business Development Executives are in charge of increasing sales and generating business leads for organisations, firms, and companies. Business Development Associates are masters of networking and innovation. They create regular progress reports to map opportunities or trends. Learn how to build a resume for business development with MBA IT courses.

What is the Purpose of Hiring a Business Development Manager?

A Business Development Associate observes and creates long-term growth opportunities for companies. They analyse current marketing goals and business practices to provide valuable suggestions. Business Development Executives reach out to relevant companies and clients to foster beneficial business relationships with them. They always strive to maintain good connections with clients and grow the company.

A Business Development Executive’s Job Description

Business Development Executives have a significant impact on the growth and development of businesses. Here are some of their duties and responsibilities:

  • Identifying and researching new sales opportunities 
  • Creating a network of new and existing clients
  • Representing the company at industry events and conferences
  • Creating reports on weekly and monthly sales targets and KPIs
  • Learning about new products and sales trends

Business Development Manager Skills

After completing a business development course, there are certain skills that a Business Development Associate needs such as:

  • A strong understanding of customer relationship management
  • Time Management skills and planning abilities
  • In-depth knowledge of company products and services
  • Ability to meet targets 
  • Communication skills and a charming personality
  • Creativity and a sense of curiosity

Benefits of Pursuing an MBA 

An MBA in IT Management or an MBA in Marketing is beneficial on resumes for Business Development Executives. An MBA IT course provides valuable knowledge about new technologies and methods to implement digital business marketing strategies. Students are taught key skills in finance, accounting, strategy, and problem-solving. An MBA degree in India can provide a Business Development Manager with a holistic viewpoint when working with new companies and firms.

Admission Process

This is the step-by-step admission process for MBA in Marketing and MBA IT courses:

  • The MBA admission process starts in July/August for two months 
  • Students need to secure a minimum score of 50% in 10+2 and graduation
  • Candidates need to clear the CAT/MAT/XAT/NMAT entrance exam
  • Shortlisted candidates are called for a group discussion and personal interview with the respective university

MBA Degree Online Admission Process 

Students can opt for an MBA IT distance learning course. This mode of studying is convenient for students who want to work or take up an internship. The admission steps for MBA in IT Distance Learning are given below:

  • Students need to secure a minimum score of 50% in 10+2 and graduation
  • Candidates need to clear the CAT/MAT/XAT/NMAT entrance exam
  • Many distance education universities prefer candidates with work experience

Business Development Associate Courses

An MBA qualification is an essential step to becoming a Business Development Executive. Some of the MBA specialisations are given below:

1. MBA in Marketing 

The duration of an MBA in Marketing is two years. Students are taught about marketing strategies, branding, advertising, accounting, and business management. The eligibility criteria for admission is a minimum score of 50% in 10+2 and graduation, along with passing scores in the CAT/MAT/XAT/NMAT entrance exams.

2. MBA in IT

Students can choose MBA IT distance education courses or offline programmes. MBA IT’s full form is Master of Business Administration in Information Technology. This two-year programme helps students develop a better understanding of e-commerce, business security, technology, and management skills. MBA IT courses require a minimum score of 50% in 10+2 and graduation. Candidates need to qualify for the CAT/MAT/XAT/NMAT entrance exams.

Entrance Exams

These are the entrance test cut-off scores for MBA IT courses and marketing programmes:

Entrance test Cut-off score range
CAT 80-90%
NMAT 65-70%
XAT 75-85%
MAT 75-80%

Business Development Manager Specialisations 

A Business Development Associate can work in different roles based on their ability and qualifications. Some of the specialisations are:

1. Business Development Executive

The executive is in charge of developing the business by discovering new clients and closing deals. The Business Development Executive needs to be prompt and have a strong understanding of the administrative functioning of the business.

2. Sales Manager

This Business Development Manager works on outreach, analysing project leads, and recruiting new talent. They play an important role in supervising day-to-day sales operations and managing company sales agents.

3. Business Development Director

This is a leadership role focused on strategic decision-making. Business Development Managers track the success of company goals, manage teams, analyse sales targets, and negotiate business decisions.

Business Development Manager FAQs

1. Which colleges are authorised to offer MBA degrees online?

The four universities that are authorised to offer MBA degrees online include IGNOU, State Open Universities, Institutions of National Importance, and Distance Education Institutions.

2. What is an MBA degree?

MBA stands for Master of Business Administration. MBA specialisations include finance, marketing, human resources, information technology, and operations.

3. What is an MBA course duration in India?

The MBA duration in India is two years for distance and offline programmes.

4. What is an MBA in IT?

IT MBA’s full form is Master of Business Administration in Information Technology. This programme provides students with the skills to understand new technology that can impact businesses.

5. Is a distance MBA worth it?

Distance education provides students with an opportunity to study and work simultaneously. Students can participate in online lectures at their convenience.

6. What are the best available jobs after an MBA in IT?

After completing a two-year MBA course students can work in MBA qualification jobs such as project manager, systems analyst, business analyst, and analytics manager.

7. Which are the best MBA government jobs?

Some government MBA jobs include business development executive, client advisor, and business analyst. These are a few job roles from the government MBA jobs list.

8. How long will a distance MBA take to complete? 

Some universities in India provide a two-year distance MBA course.

Business Development Manager Course Fees 

This is the fee structure for MBA courses in Marketing and IT across top universities:

MBA in Marketing
ICFAI Foundation for Higher Education ₹15,00,000 lakh
NMIMS Mumbai ₹6,00,000 lakh
Great Lakes Institute of Management ₹16,50,000 lakh
IIM Bangalore ₹23,20,000 lakh
MBA in Information Technology
ICFAI Business School ₹7,02,000 lakh
NMIMS Bangalore ₹9,02,000 lakh
GIBS Business School ₹6,15,000 lakh
IIM Ahmedabad ₹11,50,000 lakh

Business Development Executive Scholarships 

There are many scholarships available for deserving MBA candidates. Some of the scholarships are mentioned below:

1. IDFC FIRST Bank MBA Scholarship Programme

This scholarship is awarded to deserving MBA candidates studying in B-schools. The scholarship amount is ₹2,00,000 lakh. The eligibility criteria are:

  • Family income less than ₹6,00,000 lakh per annum
  • The applicant should not be more than 35 years of age
  • The candidate’s mobile number must be linked to their Aadhar card
  • They should be a student of an MBA college mentioned on the list

2. NMAT Scholarship

Alliance School of Business and IILM University provide scholarships to students based on their NMAT scores. Alliance School of Business offers up to 50% tuition fee waivers and IILM University offers waivers of up to 40%.

Loans

MBA IT and Marketing courses are expensive across institutions. Students who aren’t eligible for scholarships or concessions can apply for educational loans. Propelld provides fast and customised student-friendly loan options.

 

How to Become a Business Development Manager With MBA IT Courses

Beverly Noronha
August 23, 2022
memberstack logo
Shivam Bhardwaj
March 15th 2022
Table of Contents

What is the Purpose of Hiring a Business Development Manager?

A Business Development Associate observes and creates long-term growth opportunities for companies. They analyse current marketing goals and business practices to provide valuable suggestions. Business Development Executives reach out to relevant companies and clients to foster beneficial business relationships with them. They always strive to maintain good connections with clients and grow the company.

A Business Development Executive’s Job Description

Business Development Executives have a significant impact on the growth and development of businesses. Here are some of their duties and responsibilities:

  • Identifying and researching new sales opportunities 
  • Creating a network of new and existing clients
  • Representing the company at industry events and conferences
  • Creating reports on weekly and monthly sales targets and KPIs
  • Learning about new products and sales trends

Business Development Manager Skills

After completing a business development course, there are certain skills that a Business Development Associate needs such as:

  • A strong understanding of customer relationship management
  • Time Management skills and planning abilities
  • In-depth knowledge of company products and services
  • Ability to meet targets 
  • Communication skills and a charming personality
  • Creativity and a sense of curiosity

Benefits of Pursuing an MBA 

An MBA in IT Management or an MBA in Marketing is beneficial on resumes for Business Development Executives. An MBA IT course provides valuable knowledge about new technologies and methods to implement digital business marketing strategies. Students are taught key skills in finance, accounting, strategy, and problem-solving. An MBA degree in India can provide a Business Development Manager with a holistic viewpoint when working with new companies and firms.

Admission Process

This is the step-by-step admission process for MBA in Marketing and MBA IT courses:

  • The MBA admission process starts in July/August for two months 
  • Students need to secure a minimum score of 50% in 10+2 and graduation
  • Candidates need to clear the CAT/MAT/XAT/NMAT entrance exam
  • Shortlisted candidates are called for a group discussion and personal interview with the respective university

MBA Degree Online Admission Process 

Students can opt for an MBA IT distance learning course. This mode of studying is convenient for students who want to work or take up an internship. The admission steps for MBA in IT Distance Learning are given below:

  • Students need to secure a minimum score of 50% in 10+2 and graduation
  • Candidates need to clear the CAT/MAT/XAT/NMAT entrance exam
  • Many distance education universities prefer candidates with work experience

Business Development Associate Courses

An MBA qualification is an essential step to becoming a Business Development Executive. Some of the MBA specialisations are given below:

1. MBA in Marketing 

The duration of an MBA in Marketing is two years. Students are taught about marketing strategies, branding, advertising, accounting, and business management. The eligibility criteria for admission is a minimum score of 50% in 10+2 and graduation, along with passing scores in the CAT/MAT/XAT/NMAT entrance exams.

2. MBA in IT

Students can choose MBA IT distance education courses or offline programmes. MBA IT’s full form is Master of Business Administration in Information Technology. This two-year programme helps students develop a better understanding of e-commerce, business security, technology, and management skills. MBA IT courses require a minimum score of 50% in 10+2 and graduation. Candidates need to qualify for the CAT/MAT/XAT/NMAT entrance exams.

Entrance Exams

These are the entrance test cut-off scores for MBA IT courses and marketing programmes:

Entrance test Cut-off score range
CAT 80-90%
NMAT 65-70%
XAT 75-85%
MAT 75-80%

Business Development Manager Specialisations 

A Business Development Associate can work in different roles based on their ability and qualifications. Some of the specialisations are:

1. Business Development Executive

The executive is in charge of developing the business by discovering new clients and closing deals. The Business Development Executive needs to be prompt and have a strong understanding of the administrative functioning of the business.

2. Sales Manager

This Business Development Manager works on outreach, analysing project leads, and recruiting new talent. They play an important role in supervising day-to-day sales operations and managing company sales agents.

3. Business Development Director

This is a leadership role focused on strategic decision-making. Business Development Managers track the success of company goals, manage teams, analyse sales targets, and negotiate business decisions.

Business Development Manager FAQs

1. Which colleges are authorised to offer MBA degrees online?

The four universities that are authorised to offer MBA degrees online include IGNOU, State Open Universities, Institutions of National Importance, and Distance Education Institutions.

2. What is an MBA degree?

MBA stands for Master of Business Administration. MBA specialisations include finance, marketing, human resources, information technology, and operations.

3. What is an MBA course duration in India?

The MBA duration in India is two years for distance and offline programmes.

4. What is an MBA in IT?

IT MBA’s full form is Master of Business Administration in Information Technology. This programme provides students with the skills to understand new technology that can impact businesses.

5. Is a distance MBA worth it?

Distance education provides students with an opportunity to study and work simultaneously. Students can participate in online lectures at their convenience.

6. What are the best available jobs after an MBA in IT?

After completing a two-year MBA course students can work in MBA qualification jobs such as project manager, systems analyst, business analyst, and analytics manager.

7. Which are the best MBA government jobs?

Some government MBA jobs include business development executive, client advisor, and business analyst. These are a few job roles from the government MBA jobs list.

8. How long will a distance MBA take to complete? 

Some universities in India provide a two-year distance MBA course.

Business Development Manager Course Fees 

This is the fee structure for MBA courses in Marketing and IT across top universities:

MBA in Marketing
ICFAI Foundation for Higher Education ₹15,00,000 lakh
NMIMS Mumbai ₹6,00,000 lakh
Great Lakes Institute of Management ₹16,50,000 lakh
IIM Bangalore ₹23,20,000 lakh
MBA in Information Technology
ICFAI Business School ₹7,02,000 lakh
NMIMS Bangalore ₹9,02,000 lakh
GIBS Business School ₹6,15,000 lakh
IIM Ahmedabad ₹11,50,000 lakh

Business Development Executive Scholarships 

There are many scholarships available for deserving MBA candidates. Some of the scholarships are mentioned below:

1. IDFC FIRST Bank MBA Scholarship Programme

This scholarship is awarded to deserving MBA candidates studying in B-schools. The scholarship amount is ₹2,00,000 lakh. The eligibility criteria are:

  • Family income less than ₹6,00,000 lakh per annum
  • The applicant should not be more than 35 years of age
  • The candidate’s mobile number must be linked to their Aadhar card
  • They should be a student of an MBA college mentioned on the list

2. NMAT Scholarship

Alliance School of Business and IILM University provide scholarships to students based on their NMAT scores. Alliance School of Business offers up to 50% tuition fee waivers and IILM University offers waivers of up to 40%.

Loans

MBA IT and Marketing courses are expensive across institutions. Students who aren’t eligible for scholarships or concessions can apply for educational loans. Propelld provides fast and customised student-friendly loan options.

 

Fund your Education with Study Loans

Apply Now

0 Comments

Active Here: 0
Be the first to leave a comment.
Loading
Someone is typing
Commentor dp
No Name
Set
This is the actual comment. It's can be long or short. And must contain only text information.
(Edited)
Your comment will appear once approved by a moderator.
No Name
Set
This is the actual comment. It's can be long or short. And must contain only text information.
(Edited)
Your comment will appear once approved by a moderator.
2 years ago
0
0
Load More
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Load More
comment loader
Subscribe to our newsletter!
We run a regular newsletter with information around the state of education in India.  
Will you be keen to join?
Great! You are added to our newsletter!
Oops! Something went wrong while submitting the form.