Top 11 Business Development Manager Certifications

Certifications are important for a business development manager in the job market as they demonstrate an individual's knowledge, skills and expertise. They also provide proof of proficiency in a particular field or subject area that is relevant to the position. Certifications help to show employers that an individual has the necessary skills and qualifications needed to be successful in the role. They can also be used to differentiate between candidates with similar backgrounds and experience by providing evidence of additional training and knowledge. Additionally, certifications can help business development managers stand out from other applicants by showcasing their commitment to professional growth and development.

This article reviews some of the top certifications for Business Development Managers and explains how they can contribute to a business development manager's career.

What are Business Development Manager Certifications?

Business development manager certification is a type of professional credential that demonstrates the holder's expertise in the principles and practices of business development. A business development manager certification program typically includes courses on topics such as strategy, marketing, market research, financial management, analytics and sales. It also includes practical applications for developing new products and services, identifying new markets and customer segments, negotiating contracts and building relationships with customers. By completing a certification program, business development managers can demonstrate their commitment to the profession and gain valuable insight into the latest industry trends and best practices. This knowledge can then be used to help them identify areas of opportunity in their organization or industry, develop effective strategies for growth and create value for their organization. Additionally, having a certification may give them an edge when it comes to job opportunities or promotions within their current role.

Pro Tip: Obtaining a business development manager certification can help you stand out from other candidates and demonstrate your knowledge of the field. Consider taking courses that are specialized to the industry, such as marketing, sales, finance, or management, to gain the necessary skills and knowledge to become certified.

Related: What does a Business Development Manager do?

Top 11 Business Development Manager Certifications

Here’s our list of the best certifications available to Business Development Managers today.

1. Certified Professional Business Development Manager (CPBDM)

Certified Professional Business Development Manager (CPBDM) is a certification program offered by the International Association of Business Development Professionals (IABDP). It is designed to recognize professionals who have achieved a high level of knowledge and expertise in the field of business development.

The CPBDM certification requires applicants to pass an online exam that covers topics such as strategic planning, market analysis, sales management, and customer service. The exam consists of multiple choice questions and takes approximately two hours to complete.

In order to be eligible for the CPBDM certification, applicants must have at least three years of professional experience in business development or related fields. Applicants must also submit a resume that outlines their work experience and education.

The cost for the CPBDM certification is $295 USD. This fee includes access to study materials and the online exam. Once applicants have successfully passed the exam, they will receive their CPBDM certificate and be eligible to use the designation after their name.

2. Certified Business Development Manager (CBDM)

A Certified Business Development Manager (CBDM) is a professional certification that demonstrates a mastery of the skills and knowledge required to effectively manage business development projects. It is designed to help professionals demonstrate their ability to create and implement successful strategies for achieving organizational goals.

The CBDM certification is offered through the International Association of Business Development Professionals (IABDP). To obtain the certification, individuals must pass an exam which covers topics such as project management, sales and marketing strategy, customer relationship management, and financial analysis. The exam consists of multiple-choice questions and takes approximately two hours to complete.

The cost of obtaining the CBDM certification varies depending on whether you take the exam online or in person. If you take it online, it will cost around $200 USD; if you take it in person, it will cost around $400 USD. Additionally, there may be additional fees associated with taking the exam in person such as travel costs or registration fees.

To prepare for the exam, IABDP provides study materials such as practice exams and webinars. Additionally, there are many resources available online that can help individuals prepare for the exam including books, tutorials, and courses.

3. Certified Business Development Executive (CBDE)

Certified Business Development Executive (CBDE) is a professional certification program designed to recognize and validate the knowledge, skills, and abilities of individuals in the field of business development. The CBDE program is offered by the International Association of Business Development Professionals (IABDP).

The CBDE certification program consists of three levels: Associate, Professional, and Master. Each level requires completion of a set number of courses and examinations. To become a Certified Business Development Executive, applicants must have at least two years of professional experience in business development or related fields.

The Associate level requires completion of four courses and one examination; the Professional level requires completion of six courses and two examinations; and the Master level requires completion of eight courses and three examinations. All exams are administered online.

The cost for the CBDE certification program varies depending on the level being pursued. The Associate-level costs approximately $1,500 USD; the Professional-level costs approximately $2,500 USD; and the Master-level costs approximately $3,500 USD.

In addition to these fees, applicants must also pay an application fee when applying for any level of certification. The application fee is nonrefundable regardless if an applicant passes or fails their exam(s).

The time it takes to complete each level depends on how quickly an individual can complete their coursework and pass their exams. Generally speaking, it should take no more than 6 months to complete all requirements for each level.

4. Certified Management Consultant (CMC)

Certified Management Consultant (CMC) is a professional certification that recognizes expertise in the field of management consulting. It is awarded by the Institute of Management Consultants USA (IMC USA), which is the only certifying body for management consultants in the United States.

To become a CMC, an individual must have at least five years of experience in management consulting, including two years of experience as a principal consultant or practice leader. Additionally, they must pass an exam and demonstrate their adherence to ethical standards set by IMC USA.

The process to become a CMC typically takes between six months and one year. The first step is to apply to IMC USA and submit all required documents, such as proof of work experience and references from clients or colleagues who can vouch for your skills and abilities. Once approved, you will be invited to take the CMC exam. This exam consists of multiple-choice questions covering topics such as business strategy, operations management, organizational change, project management, financial analysis, data analytics, marketing research and more.

The cost for becoming a CMC varies depending on whether you are an IMC USA member or not. For non-members it costs $1,000 for the application fee plus $750 for the exam fee ($1,750 total). For members it costs $500 for the application fee plus $375 for the exam fee ($875 total).

5. Advanced Professional Certificate in Business Development (APCBD)

The Advanced Professional Certificate in Business Development (APCBD) is a professional certification program designed to help individuals develop their skills and knowledge in the areas of business development. The program provides comprehensive training on the fundamentals of business development, including topics such as strategic planning, sales and marketing, financial management, and leadership. It also covers advanced concepts such as project management, customer relationship management, and operations management.

The APCBD program typically takes about 18 months to complete. During this time, students will take courses in a variety of subjects related to business development. These courses may include accounting, finance, economics, marketing, operations management, human resources management, and more. Upon completion of the program requirements, students will receive an official certificate from the American Association for Professional Certification (AAPC).

In order to get the APCBD certification, applicants must first meet certain eligibility requirements. These include having a bachelor’s degree or higher from an accredited institution; at least two years of experience in business development; and passing an exam administered by AAPC. After meeting these requirements, applicants can apply for the certification through AAPC’s website.

The cost of getting the APCBD certification varies depending on individual circumstances. Generally speaking, it costs around $1,500 to $2,000 USD for all course materials and exams needed to obtain the certification.

6. Professional Certificate in Business Development and Strategy (PCBDS)

The Professional Certificate in Business Development and Strategy (PCBDS) is a professional certification program designed to help individuals develop the skills and knowledge necessary to succeed in business development and strategy roles. The program consists of four courses covering topics such as market analysis, customer segmentation, product positioning, pricing strategies, and more. It takes approximately six months to complete the program.

To get the PCBDS certification, applicants must complete all four courses within six months and pass an online assessment at the end of each course. Upon successful completion of all four courses, applicants will receive their PCBDS certification.

The cost of the Professional Certificate in Business Development and Strategy varies depending on which provider you choose. Generally speaking, it can range from $1,500-$2,500 USD for all four courses.

7. International Association of Business Development Professionals (IABDP) Certification

The International Association of Business Development Professionals (IABDP) is a professional organization that offers certification to professionals in the field of business development. This certification is designed to recognize individuals who have achieved a high level of expertise in the field and demonstrate their commitment to excellence.

The IABDP Certification program consists of three levels: Professional, Advanced, and Expert. Each level requires different qualifications and experience. To receive the Professional certification, applicants must have at least five years of experience in business development or related fields. For the Advanced certification, applicants must have at least ten years of experience and for the Expert certification, applicants must have at least fifteen years of experience.

In order to obtain the IABDP Certification, applicants must complete an application form which includes a detailed description of their qualifications and experience. Applicants will also need to submit supporting documents such as references from employers or colleagues, copies of diplomas and certificates, and proof of any additional training or education they may have completed.

Once all required documents are submitted, applicants will be asked to take an online exam that tests their knowledge in business development principles and practices. Upon successful completion of the exam, they will receive their IABDP Certification. The entire process can take up to six months depending on the number of applications received by IABDP.

The cost for obtaining an IABDP Certification varies depending on the level you are applying for. The Professional level costs $150 USD; the Advanced level costs $250 USD; and the Expert level costs $350 USD.

8. Certified Strategic Business Developer (CSBD)

Certified Strategic Business Developer (CSBD) is a certification program offered by the International Association of Professional Strategic Business Developers (IAPSB). It is designed to help professionals in the business development field gain the skills and knowledge necessary to create and implement successful strategies for their organizations.

The CSBD certification program consists of three levels: Foundation, Advanced, and Expert. Each level requires passing an exam and completing a portfolio project. The Foundation level focuses on basic concepts such as creating a strategic plan, analyzing market opportunities, and developing effective strategies. The Advanced level covers more advanced topics such as financial analysis, competitive intelligence, and risk management. The Expert level requires mastery of all previous topics plus additional topics such as mergers & acquisitions, international strategy development, and digital transformation.

It typically takes between 6-12 months to complete the CSBD certification program depending on the individual's commitment and dedication to studying for the exams. To get certified, individuals must register with IAPSB and pay a fee that varies depending on the chosen level of certification. The cost for each level is approximately $1,500 USD for members or $2,000 USD for non-members. Once registered with IAPSB, individuals can access study materials online or attend workshops to prepare for the exams. After passing all exams at each level, individuals must submit their portfolio projects to be reviewed by IAPSB before they are awarded their certification.

9. Certified Sales and Marketing Professional (CSMP)

Certified Sales and Marketing Professional (CSMP) is a professional certification offered by the American Marketing Association (AMA). It is designed to recognize individuals who have demonstrated a high level of expertise in sales and marketing. The CSMP certification demonstrates that an individual has achieved a mastery of the core principles and practices of sales and marketing.

It typically takes about six months to complete the program, depending on how quickly you can complete the requirements. To become certified, you must first pass an exam that tests your knowledge of sales and marketing principles. You must also complete at least three courses related to sales and marketing, such as strategic selling, customer relationship management, or digital marketing. Finally, you must submit a portfolio of your work demonstrating your understanding of the concepts covered in the courses.

The cost for the CSMP certification varies depending on which courses you choose to take. Generally speaking, it will cost between $500 and $1,000 for all materials needed to complete the program.

10. Project Management Institute’s Project Management Professional Certification (PMP-C)

Project Management Professional Certification (PMP-C) is a certification offered by the Project Management Institute (PMI). It is designed to recognize and validate the knowledge and experience of project managers. The PMP-C certification demonstrates that an individual has the skills and knowledge necessary to lead successful projects.

The PMP-C requires a minimum of three years of professional project management experience, as well as 35 contact hours of formal project management education. To apply for the certification, applicants must complete an online application and submit supporting documentation. Once approved, applicants must take an exam at a Prometric testing center. The exam consists of 200 multiple-choice questions and must be completed within four hours.

The cost of the PMP-C certification varies depending on whether or not you are a member of PMI. Non-members can expect to pay $555 for the exam fee, while members will pay $405. Additionally, there are fees associated with submitting your application and taking the exam at a Prometric testing center.

Overall, it typically takes between two months to six months to complete all steps required for obtaining the PMP-C certification.

11. American Management Association’s Certified Professional in Business Analysis and Process Improvement Certification (CPBPIC).

The American Management Association’s Certified Professional in Business Analysis and Process Improvement Certification (CPBPIC) is a professional certification program that recognizes individuals who have achieved a high level of expertise in business analysis and process improvement. The CPBPIC certification is designed to assess the knowledge, skills, and abilities of professionals who are involved in the design, development, implementation, and maintenance of business processes.

The CPBPIC certification requires applicants to pass an examination that covers topics such as process mapping, process improvement techniques, requirements gathering techniques, project management principles, data analysis methods, and communication skills. The exam consists of 150 multiple-choice questions and takes approximately 3 hours to complete.

In order to be eligible for the CPBPIC certification exam, applicants must meet certain minimum requirements. These include having at least two years of experience working with business processes or related activities; having a bachelor's degree from an accredited college or university; and completing at least 12 hours of approved training courses or seminars related to business analysis or process improvement.

The cost for the CPBPIC exam varies depending on which package you choose. The basic package includes the exam fee plus one year of access to study materials for $1,195 USD. The deluxe package includes the exam fee plus two years of access to study materials for $1,395 USD.

Overall, obtaining the CPBPIC certification can help individuals demonstrate their knowledge and expertise in business analysis and process improvement while also providing them with greater career opportunities.

Do You Really Need a Business Development Manager Certificate?

The answer to this question depends on your goals and the type of job you are seeking. If you are looking for a business development manager role that requires certification, then yes, you need a business development manager certificate. However, if you are looking for a position in business development that does not require certification, then it is not necessary.

Business development managers play an important role in helping businesses grow and succeed. They work with clients to develop strategies and plans to increase sales and profitability. Certification can help demonstrate your knowledge of the industry and give employers confidence in your abilities. It also shows employers that you have taken the time to invest in yourself by gaining specialized knowledge and skills related to the field.

In addition to demonstrating expertise, having a business development manager certificate can open up more opportunities for advancement within the company or even with other organizations. Many companies prefer to hire people who have earned certifications as they are seen as more reliable and knowledgeable than those without such credentials. Furthermore, having a certificate may provide access to exclusive resources or discounts offered by certain organizations or vendors which could be beneficial when working on projects or marketing campaigns.

Overall, whether or not you need a business development manager certificate depends on what type of job you are pursuing and what level of expertise is required for that position. If certification is necessary for the job you want, then it would be beneficial to pursue one; however if it is not required then it might not be worth the investment depending on your situation.

Related: Business Development Manager Resume Examples

FAQs About Business Development Manager Certifications

Q1. What qualifications do I need to become a Business Development Manager?

A1. Generally, you need a combination of education and experience in business development, sales, marketing or related field to become a Business Development Manager. Depending on the industry and employer, some may require additional certifications or qualifications such as a bachelor’s degree in business administration or management.

Q2. Is there any certification for Business Development Managers?

A2. Yes, there are several certifications available for Business Development Managers that demonstrate your knowledge and skills in the field including Certified Professional Salesperson (CPSP), Certified Professional Consultant (CPC), Certified Strategic Account Manager (CSAM), and Certified Professional Marketer (CPM).

Q3. What is the cost of getting certified as a Business Development Manager?

A3. The cost of certification varies depending on the organization offering the certification but generally range from $500-$1000 USD.

Q4. How long does it take to get certified as a Business Development Manager?

A4. It typically takes between 1-3 months to complete the necessary training and coursework required for certification as a Business Development Manager depending on the specific program you choose.

Q5. What are some advantages of becoming certified as a Business Development Manager?

A5. Becoming certified can help you stand out from other candidates by demonstrating your knowledge and skills in the field, gain recognition from employers, increase your earning potential and open up new job opportunities within organizations that require certifications for certain positions