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Business Development Associate Jobs in Chicago, IL

GE HealthCare

Associate, Business Development

Chicago, IL · On-site

$96K - $145K/yr

Summary The Associate, Business Development plays a critical role in supporting inorganic growth activity across GE HealthCare, including in identifying and executing mergers and acquisitions ...

Gehc

Associate, Business Development

Chicago, IL · On-site

$96K - $145K/yr

Summary The Associate, Business Development plays a critical role in supporting inorganic growth activity across GE HealthCare, including in identifying and executing mergers and acquisitions ...

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All JobsBusiness Development Associate JobsBusiness Development Associate Jobs in Chicago, IL

Business Development Associate information

See Chicago, IL salary details

$29.9K

$57.5K

$94.8K

How much do business development associate jobs pay per year?

As of Jul 14, 2026, the average yearly pay for business development associate in Chicago, IL is $57,454.00, according to ZipRecruiter salary data. Most workers in this role earn between $45,800.00 and $62,800.00 per year, depending on experience, location, and employer.

How does a Business Development Associate typically collaborate with sales and marketing teams?

Business Development Associates often work closely with both sales and marketing teams to identify and pursue new business opportunities. They may coordinate with marketing to develop targeted campaigns or gather insights on market trends, and partner with sales to qualify leads and support the sales pipeline. Regular meetings and cross-departmental projects are common, ensuring alignment of goals and strategies. This collaborative approach helps maximize outreach efforts and ensures potential clients receive consistent communication throughout their journey.

What is the difference between Business Development Associate vs Sales Representative?

AspectBusiness Development AssociateSales Representative
Primary FocusIdentifying new business opportunities and building strategic partnershipsClosing sales and meeting sales targets
Required SkillsMarket research, networking, communicationPersuasion, product knowledge, negotiation
Work EnvironmentStrategic planning, client outreach, collaborationCustomer interaction, sales pitches, negotiations
Common Industry UsageBusiness development teams, startups, B2B companiesRetail, B2C companies, direct sales roles

While both roles involve client interaction and revenue generation, a Business Development Associate focuses on creating new opportunities and strategic growth, whereas a Sales Representative primarily aims to close deals and meet sales quotas. Understanding these differences helps in choosing the right career path or job search focus.

What does a Business Development Associate do?

A Business Development Associate is responsible for identifying new business opportunities, building relationships with potential clients, and supporting the growth strategies of an organization. They conduct market research, help develop proposals, and assist in negotiating deals. Their role often involves collaborating with sales and marketing teams to generate leads and expand the company's customer base. Business Development Associates play a key part in driving revenue and ensuring long-term business success.

What are the key skills and qualifications needed to thrive as a Business Development Associate, and why are they important?

To thrive as a Business Development Associate, you need strong analytical abilities, sales acumen, and a bachelor’s degree in business or a related field. Familiarity with CRM platforms like Salesforce, market research tools, and Microsoft Office Suite is typically required. Exceptional communication, relationship-building, and negotiation skills help you stand out in this client-facing role. These skills are vital for identifying opportunities, building partnerships, and driving company growth.
More about Business Development Associate jobs
What are the most commonly searched types of Business Development jobs in Chicago, IL? The most popular types of Business Development jobs in Chicago, IL are:
What are popular job titles related to Business Development Associate jobs in Chicago, IL? For Business Development Associate jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Business Development Associate jobs in Chicago, IL look for? The top searched job categories for Business Development Associate jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Business Development Associate jobs? Cities near Chicago, IL with the most Business Development Associate job openings:
Business Development Associate jobs near you
Infographic showing various Business Development Associate job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $57,454 per year, or $27.6 per hour.

Chicago Branch-Business Development Associate

Bank of China Limited, New York Branch

Chicago, IL • On-site

$42K/yr

Full-time

Posted 14 days ago

Job description

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The job of the Associate is to assist VP and AVP in the Business Development Department (Corporate Banking Section) in 1) filing reports of clients and market; 2) exploring the local market and maintain sound business relationship with corporate clients and commercial mortgage loans (CM) as needed; 3) supporting a portfolio of syndicated loans; 4) conduct post-loan management to ensure all the loan activities are in accordance with the CBD's policies and procedures, including KYC.

Responsibilities

Scope of responsibilities, including but not limited to other duties as assigned:

Credit Analysis

  • CRE: Proficiency in spreadsheet analysis, rent rolls, ratio calculation and analysis, cash flow projection & analysis. Skills of sensitivity test and scenario analysis;
  • C&I: Proficiency in spreadsheet analysis, ratio calculation and analysis, cash flow projection & analysis. Skills of sensitivity test and scenario analysis;
  • Ability to identify credit risks and derive ways to mitigate them. 

Due Diligence Review

  • Analyzes real estate and corporate financial status, credit, and perform in-depth due diligence and compliance analysis;
  • To correctly reflect the credit requests of the customer & Corporate Banking Department's recommendations.

Reporting

  • To write up Credit Recommendation report (CRR);
  • To write up Exception Request;
  • To write up research reports;
  • To write other assigned reports or presentations.

Compliance and Operations

  • Review and monitor transaction activities to ensure all transactions are in compliance with the Bank's policy and procedures;
  • Address and follow-up on compliance issue and refer escalated and/or complex issues to higher levels;
  • Attend BSA, AML and KYC seminars and training. Perform Policies and Procedures Review on a semi-annual basis to look for further enhancement to the policy;
  • Understand, comply with and monitor the activities, if necessary, of all applicable laws and regulations regarding anti-money laundering, Bank Secrecy;
  • Act, currency transaction reporting, and suspicious activity reporting.

Market Research

  • Research and gather market details and intelligence to assist the Account Officers;
  • Perform market analysis and due diligence to support and reduce potential risks.
Qualifications
  • Bachelor's degree with major in Finance, Accounting, Economics, Business Administration and other related disciplines is required; a master degree or above is preferred;
  • 1-3 years of work experience in commercial real estate underwriting and/or corporate underwriting and/or lending in the banking industry;
  • Ability to spread financial statement, calculate and analyze related financial ratios;
  • Ability to multi-tasks, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines;
  • Excellent analytical, interpersonal, verbal and written communication skills;
  • Knowledge of Sino-US Trade and economic updates in China.
Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $90,000.00 /Yr.Employment Type: FULL_TIME

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