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Managing Director Business Development Jobs in Rochester, MN

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Managing Director Business Development information

See Rochester, MN salary details

$50.8K

$128.7K

$215.5K

How much do managing director business development jobs pay per year?

As of Sep 9, 2026, the average yearly pay for managing director business development in Rochester, MN is $128,728.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,000.00 and $154,000.00 per year, depending on experience, location, and employer.

What does a managing director business development do?

A Managing Director of Business Development is a senior executive responsible for driving a company's growth by identifying new business opportunities, forming strategic partnerships, and expanding the organization's market presence. They develop and execute growth strategies, oversee business development teams, and work closely with other executives to align business goals. Their role often involves negotiating major deals, managing key client relationships, and analyzing market trends to ensure the company's long-term success.

What are the key skills and qualifications needed to thrive as a managing director business development?

To thrive as a Managing Director Business Development, you need extensive experience in sales strategy, market analysis, and leadership, often backed by an advanced degree such as an MBA. Familiarity with CRM platforms, data analytics tools, and financial modeling systems is crucial for managing pipelines and assessing opportunities. Exceptional negotiation, relationship-building, and strategic thinking abilities distinguish top performers in this role. These skills are vital to drive sustainable growth, secure high-value partnerships, and guide successful business expansion.

How does a managing director business development typically balance strategic planning with day-to-day client engagement responsibilities?

A Managing Director of Business Development often needs to strike a balance between high-level strategic planning and hands-on client relationship management. While much of the role involves developing long-term growth strategies and identifying new market opportunities, it's equally important to maintain strong relationships with key clients and partners. This means that, in addition to attending executive meetings and guiding the business development team, you'll frequently interact with clients, negotiate deals, and address challenges as they arise. Success in this role relies on effective time management and the ability to delegate operational tasks, allowing you to focus on both big-picture initiatives and critical client-facing activities.

What is the difference between Managing Director Business Development vs Business Development Manager?

AspectManaging Director Business DevelopmentBusiness Development Manager
CredentialsTypically requires extensive experience, leadership skills, and industry-specific knowledgeUsually holds a bachelor’s degree; often an MBA is preferred
Work EnvironmentExecutive-level, strategic planning, high-level client interactionsOperational, focused on executing sales and partnership strategies
Employer & Industry UsageUsed in large corporations and industries with complex sales cyclesCommon in startups, mid-sized companies, and sales-focused organizations
Search & Comparison IntentUnderstanding senior roles in business development leadershipLooking for roles with similar responsibilities at different levels

The Managing Director Business Development is a senior leadership role focused on strategic growth and high-level partnerships, while the Business Development Manager handles day-to-day sales activities and client relations. Both roles require strong industry knowledge, but the Managing Director operates at a higher strategic level with broader responsibilities.

Managing Director Business Development jobs near you

Managing Director

Rochester, MN

WealthBridge Financial Group
Finance and Insurance • 51 - 200 employees
Learn more about WealthBridge Financial Groupexternal

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 12 days ago

Job description

Managing Director | WealthBridge

WealthBridge Financial Group is seeking a proven financial advisor for a strategic Managing Director. This role is ideal for an experienced advisor who has successfully built a personal practice and is now ready to take on a leadership position focused on both personal growth and team development.

As Managing Director, your primary focus will be on building and leading a team of experienced financial advisors who are looking to elevate their practices. In addition to continuing your own client work, you'll recruit and mentor fellow advisors, foster a high-performance culture, and help shape the future growth of the firm.

You'll have the support, infrastructure, and brand strength of a firm with over 175 years of history-while maintaining the freedom to grow your practice and develop a leadership style that reflects your vision.

Requirements

  • Minimum of 3 years of experience in financial services with a growing personal practice
  • Active Life and Health License required
  • FINRA Series 6/7 and 63/66 licenses preferred (sponsorship and support available if not currently held)
  • Demonstrated success in client development, planning, and relationship management
  • Leadership ability with a strong interest in mentoring and building high-performing teams
  • Business-driven mindset with a long-term vision for growth
  • Must be authorized to work in the United States

Benefits

  • Top-tier health coverage including medical, dental, and vision plans for you and your dependents
  • 401(k) retirement plan with company match to help you build long-term security
  • Life and disability insurance for added peace of mind
  • Employee wellness programs and mental health resources
  • Career growth opportunities and ongoing training support

Apply