Business Development Officer in Chicago, IL

Business Development Officer Job Description

Business development officers should have a minimum of 10 years of experience in the banking or financial services industry, along with a solid understanding of the needs of investors. They must be strong communicators and have a proven ability to reach new clients and generate business. Business development officers typically deal with several clients at a time and should possess top-notch sales skills. A bachelor’s degree in finance or business is required, and firms often give preference to candidates with a CFA.

Typical business development officer duties:

Bringing in new business for the institution

Working with executives, management and other staff to create new opportunities for the firm

Aligning current clients with the best investment opportunities

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Salary for Business Development Officer in Chicago, IL

118035 - 178425

25th percentile

118035

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

149450

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

178425

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Managing Director/Partner – Banking and Financial Markets

216855

260470

310490