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Innovation Business Development information

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$36.5K

$85.6K

$149K

How much do innovation business development jobs pay per year?

As of Jun 30, 2026, the average yearly pay for innovation business development in the United States is $85,602.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $100,000.00 per year, depending on experience, location, and employer.

What is Innovation Business Development?

Innovation Business Development is a strategic role focused on identifying, creating, and growing new business opportunities through innovative products, services, or partnerships. Professionals in this field work to bridge the gap between research and development and commercial success by bringing new ideas to market. They analyze industry trends, collaborate with cross-functional teams, and build relationships with internal and external stakeholders to drive growth. Their goal is to ensure that organizations stay competitive and relevant in a rapidly changing marketplace.

Is BDM higher than sales manager?

In most organizations, a Business Development Manager (BDM) focuses on identifying new business opportunities and building strategic partnerships, while a Sales Manager oversees sales teams and manages client relationships. The hierarchy depends on the company's structure, but BDM roles are often considered senior or specialized positions that may report to higher executives, whereas Sales Managers typically manage sales teams directly. The specific level varies by company and industry.

How does an Innovation Business Development professional typically collaborate with cross-functional teams to drive new initiatives?

In Innovation Business Development, professionals frequently work alongside teams from R&D, marketing, finance, and operations to evaluate and implement new business opportunities. This collaboration often involves facilitating brainstorming sessions, aligning on strategic objectives, and ensuring clear communication between departments. By leveraging diverse expertise, Innovation Business Development specialists help transform innovative ideas into viable products or services, navigating challenges such as resource allocation and market fit. Effective teamwork is essential for moving projects forward and achieving organizational growth.

What is the role of innovation in business development?

In innovation business development, the role involves identifying and implementing new ideas, products, or processes to drive growth and competitive advantage. It requires skills in market analysis, strategic planning, and collaboration to develop innovative solutions that meet customer needs and expand market share.

What is the difference between Innovation Business Development vs Product Manager?

AspectInnovation Business DevelopmentProduct Manager
Primary FocusIdentifying new business opportunities and driving innovation strategiesOverseeing product lifecycle, development, and market fit
Skills & CredentialsBusiness development, strategic thinking, industry knowledgeProduct management, technical understanding, user experience
Work EnvironmentCross-functional teams, strategic planning sessionsDevelopment teams, marketing, customer feedback sessions
Industry UsageBusiness strategy, innovation labs, startupsTech companies, manufacturing, software firms

While both roles focus on growth and innovation, Innovation Business Development emphasizes exploring new markets and partnerships, whereas Product Managers concentrate on developing and managing specific products to meet customer needs.

Is being a BDM a stressful job?

Business Development Managers (BDMs) often face stress due to targets, client negotiations, and managing multiple projects simultaneously. Success in this role requires strong communication, time management, and resilience, but workload and pressure levels can vary by company and industry.

What are the key skills and qualifications needed to thrive as an Innovation Business Development professional, and why are they important?

To thrive as an Innovation Business Development professional, you need strong analytical thinking, strategic planning abilities, and a background in business or related fields, often supported by a degree such as an MBA. Familiarity with market research tools, CRM platforms like Salesforce, and innovation management frameworks is typically expected. Excellent communication, creativity, and relationship-building skills help you drive collaboration and adapt to changing market demands. These skills enable professionals to identify new opportunities, foster partnerships, and successfully launch innovative solutions in competitive markets.

What are the top 5 skills for business development?

For an Innovation Business Development role, key skills include strategic thinking, strong communication, relationship-building, market research, and sales proficiency. Familiarity with industry trends and the ability to identify growth opportunities are also essential. These skills enable professionals to develop innovative strategies and expand business opportunities effectively.
More about Innovation Business Development jobs
What are the most commonly searched types of Innovation Business Development jobs? The most popular types of Innovation Business Development jobs are:
Sr. Manager, Strategic Innovation & Business Development

Sr. Manager, Strategic Innovation & Business Development

McKesson Corporation

Irving, TX • On-site

Full-time

Posted 22 days ago


Key responsibilities

  • Conduct stakeholder interviews and cross-functional research to surface actionable insights and identify high-value innovation opportunities.

  • Define project scope, design proofs of concept, and partner with internal and external teams to build, test, and launch innovation pilots powered by digital capabilities.

  • Drive project management using digital tools, manage project scope and change-control processes, and communicate with customer leadership and stakeholders to ensure successful implementation.


McKesson rating

7.9

Company rating: 7.9 out of 10

Based on 208 frontline employees who took The Breakroom Quiz

41st of 73 rated pharmaceutical


Job description

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve - we care.
What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow's health today, we want to hear from you.
Sr. Manager, Strategic Innovation & Business Development
Team: Strategic Innovation & Business Development
Current Need:
McKesson's Corporate Strategy & Business Development (CSBD) strategic innovation arm, Strategic Innovation & Business Development (SIBD) is seeking a high-performing, digital-first Senior Manager to accelerate enterprise growth through innovation, advanced analytics, and AI-enabled operating models. This role will help design, test, and launch enterprise-wide pilots that unlock measurable business value, modernize workflows, and strengthen McKesson's competitive advantage.
The ideal candidate brings a strategic mindset, comfort with emerging technology, and the ability to translate ambiguous problems into validated, scalable solutions. Acting as a change agent, this individual can fluidly shift between big-picture strategy and project-level detail, guiding teams and stakeholders through complex issues to achieve measurable, enterprise-level results. This position reports to the Vice President, Strategic Innovation & Business Development.
Key Responsibilities
Ideation and Insights Generation:
  • Conduct stakeholder interviews and cross-functional research, leveraging digital discovery tools and data-driven analysis to surface actionable insights
  • Apply design thinking, continuous discovery, and AI-assisted research methods to identify high-value innovation opportunities
  • Develop and maintain prioritization frameworks that integrate business value, technical feasibility, data readiness, and AI-enablement potential

Build, test, and launch Innovation workstreams:
  • Define project scope and design proofs of concept, incorporating automation opportunities, data architecture considerations, and responsible-AI guardrails
  • Partner with internal teams and external innovation/AI vendors to develop pilots powered by modern digital capabilities
  • Monitor performance using digital dashboards, KPIs, and real-time analytics to track progress against success criteria
  • Utilize experimentation frameworks-including rapid prototyping and A/B testing-to validate value quickly and iteratively

Business Case and Investment Pitch:
  • Lead complex business, financial, and data analyses to quantify the impact of proposed innovations, including AI-driven efficiency, quality, cost, and employee-experience outcomes
  • Build investment cases that incorporate technical assumptions (e.g., model lifecycle costs, integration requirements, compliance considerations)
  • Develop compelling enterprise-ready materials to support executive decision-making and funding approvals

Project Implementation:
  • Drive project management with a digitally enabled approach, leveraging collaborative platforms, workflow automation, and AI-powered documentation tools
  • Manage project scope and change-control processes in environments where digital, data, or AI components may evolve rapidly
  • Actively communicates with customer leadership, project sponsors, key stakeholders, and project teams
  • Determine business roles and resources needed to ensure successful implementation
  • Develop impact analyses that assess business value, quality, risk, and operational readiness; including AI-related risks such as bias, reliability, and data governance
  • Lead development of dashboards, scorecards, forecasting models, and executive-level analytics to demonstrate performance and adoption

Team Operations:
  • Support operational excellence through standardized tools, digital templates, and reusable frameworks that accelerate innovation cycles
  • Lead administrative functions related to budget, vendor management, and timelines; including coordination with AI, data, and technical partners
  • Promote knowledge sharing by formalizing playbooks, best practices, and repeatable processes that enable teams to operate efficiently and responsibly with emerging technologies

Minimum Requirements
  • 4+ of project management work experience within management consulting, or internal consulting (e.g., Business Operations, Strategy, HR, Organizational Effectiveness, or other equivalent function) with a primary focus on Project Management
  • Experience supporting build and launch of high-impact innovation projects or products
  • Excellent organizational skills and proven ability to manage multiple projects concurrently
  • Self-starter mindset with a bias toward action
  • Excellent communication and presentation skills, MS Office suite skills (Excel, Word, PowerPoint, Project, Visio, Outlook, etc.)
  • Highly collaborative with solid attention to detail
  • Practical experience working in matrix environments across functional and product development & commercial teams

Critical Skills
To be successful in this challenging and high-impact role, the successful candidate will have the following:
  • Creative and resilient in application of processes and approaches to work
  • Demonstrated learning agility in new subject areas, including emerging technologies, trends, and a solid working knowledge of the stakeholders in healthcare
  • Exposure to enterprise AI enablement (e.g., adoption programs, training, responsible use standards, and data governance models)
  • Strong passion for innovation, emerging technology, and analytics across the healthcare ecosystem
  • Experience in project management and product / program management
  • Driving complex company, customer, and market analyses with a high tolerance for ambiguity and willingness to adapt. Comfort with uncertainty and ability to navigate complex situations with competing priorities is critical to success
  • Results driven; ability to deliver high-quality work products and work independently. Track record of driving measurable business impact through digital or AI initiatives (e.g., efficiency gains, improved quality, documentation accuracy, reduced cycle times)
  • Ability to synthesize information and communicate clearly and concisely in both oral and written formats
  • Contribute to the strength of our team's culture and community and exemplifying McKesson's ILEAD and I2CARE principles

Education
Bachelor's degree in Business, Technical or Healthcare Related field.
Advanced degrees in healthcare or MBA preferred
Physical Requirements
General office demands. Occasional travel (~20%)
Must be authorized to work in the US. Sponsorship is not available for this position.
Please note: This role is not budgeted for corporate relocation package.
We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, please click here.
Our Base Pay Range for this position
$97,300 - $162,100
McKesson has become aware of online recruiting-related scams in which individuals who are not affiliated with or authorized by McKesson are using McKesson's (or affiliated entities, like CoverMyMeds or RxCrossroads) name in fraudulent emails, job postings or social media messages. In light of these scams, please bear the following in mind:
McKesson Talent Advisors will never solicit money or credit card information in connection with a McKesson job application.
McKesson Talent Advisors do not communicate with candidates via online chatrooms or using email accounts such as Gmail or Hotmail. Note that McKesson does rely on a virtual assistant (Gia) for certain recruiting-related communications with candidates.
McKesson job postings are posted on our career site: careers.mckesson.com.
McKesson is an Equal Opportunity Employer
McKesson provides equal employment opportunities to applicants and employees, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other legally protected category. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.
McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to (United States) Disability_Accommodation@McKesson.com or (Canada) Accessibility@mckesson.ca. Resumes or CVs submitted to this email box will not be accepted.
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