Business Development Associate

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“Business Development Associate related Frequently Asked Questions in various Business Development Associate job interviews by interviewer. The set of questions here ensures that you offer a perfect answer posed to you. So get preparation for your new job hunting”



44 Business Development Associate Questions And Answers

2⟩ Right, sounds like a good move - you were actually employed throughout an entire recession, which didn't happen to too many other bankers. You mentioned "corporate development" just now - terms like "business development," "corporate strategy," "corporate development," and "corporate finance" are lumped in the same category, but how are they different? What do you focus on?

It depends on the company, but here's how I think about the differences:

► Corporate Development: You focus on M&A and acquiring other companies as well as setting up joint venture deals.

► Business Development: It's less about M&A and acquiring companies / stakes of companies and more about setting up partnerships.

► Corporate Strategy: This is like management consulting, only internal to the company. You focus on planning their big-picture strategy, solving specific operational problems, and competitive analysis.

► Corporate Finance: This is more like FP&A (Financial Planning & Analysis) - you maintain the company's finances, plan their budget, and make sure all the right controls are in place.

► Of those, corporate development is most similar to banking/PE, and corporate strategy is most similar to consulting; corporate finance is closer to accounting or auditing work and you don't need to understand deals to do it.

My job is a combination of corporate development, business development, and corporate strategy - since it's a startup you have to do a bit of everything.

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3⟩ WHAT IS YOUR GREATEST WEAKNESS FOR POSITION BUSINESS PROCESS ASSOCIATE?

Turning your strong point into weak point.

For example: I am a perfectionist and therefore, I rarely believe in anyone who can work as well as me. As a result, I am afraid to delegate important tasks to others. This approach has a weak side as that if you are not clever, you will cause the employer to believe that you are cheating him.

Solving your weakness absolutely.

A better approach is that you state one point which was once your weakness, but you have done well to resolve it.

For example: I tended to be a perfectionist, therefore I didn't like to delegate to others. But I have found out that in order to develop the organization, everyone in the organization must be experienced with many tasks and this is very good for an efficient team work.

► You need to show it through your attitude and voice: It is really your weakness. And, you may also state some situations how much that weakness has caused you difficulties.

► Give your solution to resolve that weakness, partly or wholly.

► Solutions to a weakness may be training, mentoring, etc

Tips:

☛ This is a common question in any interview, so don't try to avoid answering it.

☛ Never mentioning a weakness that relates to a crucial requirement of the job.

☛ Don't try to make up a weakness.

☛ Don't say you have no weakness. No one is perfect, therefore, you shouldn't say you have no weakness.

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4⟩ Tell me Why do you think you're good at sales?

If you have a proven track record in sales, say so and give some examples. Mention how you are a good listener, good at interpreting a person's motive and intention and that you feel confident in closing deals.

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7⟩ Fresh Business Development Associate Interview Questions

► Provide some examples of working in a team environment. What was your role? What was your contribution?

► Think back to a team meeting you recently participated in. What was your role in this meeting?

► What is different about the way you and your most recent supervisor manage people?

► Give me an example that describes your working style (e.g., probe for independent vs. collaborative; deadline-focused vs. not…).

► Tell me about the best and worst supervisees you have ever managed. How did you work with these supervisees?

► Give me an example of how you have provided professional development opportunities to your supervisees.

► Give me an example of when you have persuaded a colleague or team member to change his or her approach. How did you do it?

► If your most recent supervisor had to characterize your ability to work in a team, what would he/she say? And your supervisees?

► How do you give feedback? How do you take feedback? Provide examples.

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9⟩ What's the recruiting process like for corporate development?

As I mentioned, my MD recommended me to the VP of Corporate Development at my company and so I got interviews right away without having to go through a resume screen.

Here's what I went through:

► After my MD recommended me, the VP of Corporate Development called me to chat and find out more about my background.

► I did 3 phone interviews before I flew in to meet with the company.

► On the interview day itself, I met with 10 people across all divisions at the company, from managers and VPs all the way up to the CEO himself.

► Right after meeting in-person, I heard back fairly quickly and accepted the offer.

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10⟩ Can you tell us about your background and how you got into corporate development?

Sure. I was from a non-target university and worked at a middle-market investment bank after graduation, focusing on Internet companies there.

I was promoted to stay on for a 3rd year, but around that time I was also getting interested in moving on - I stuck around mostly because the economy was in a nosedive and we were just entering a recession at the time.

A few months after that, a company we had worked with before came to my MD and said they were looking for a corporate development Associate, so the MD referred me, I went through the recruiting process there, and had an offer a few weeks later.

I didn't want to follow the typical PE or HF path, and at this startup I would have a chance to work directly with the CEO and other senior executives and get a much better work-life balance, so I decided to take the offer.

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11⟩ WHAT HAVE YOU DONE TO IMPROVE YOUR KNOWLEDGE FOR BUSINESS PROCESS ASSOCIATE POSITION IN THE LAST YEAR?

► Try to include improvement activities that relate to the job. A wide variety of activities can be mentioned as positive self-improvement. Have some good ones handy to mention.

► Employers look for applicants who are goal-oriented. Show a desire for continuous learning by listing hobbies non-work related. Regardless of what hobbies you choose to showcase, remember that the goal is to prove self-sufficiency, time management, and motivation.

► Every should learn from his mistake. I always try to consult my mistakes with my kith and kin especially with elderly and experienced person.

► I enrolled myself into a course useful for the next version of our current project. I attended seminars on personal development and managerial skills improvement.

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12⟩ First Business Development Associate interview question

► What are your career goals for Business Development Associate?

► What are common risks for Business Development Associate? And how to face?

► How do you go about setting goals with subordinates?

► How quickly do you make decisions?

► What kinds of decisions are most difficult for you?

► Tell me about your proudest achievement.

► What are three positive character traits you don't have?

Explain why you are interested in the job and ask questions about what you possibly dislike. Consider opportunity and responsibility as components of success. The interviewer wants to find out if you are focused and set goals for yourself.

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13⟩ Tough Business Development Associate interview questions

► What are the key values of a Business Development Associate? How do you demonstrate these values?

► If you were interviewing someone for Business Development Associate position, what traits would you look for?

► What personal weakness has caused you the greatest difficulty in school or at work?

► How did you get work assignments at your most recent employer?

► Do you find your job exciting or boring?

► Did you ever make a risky decision? How did you handle it?

► Situation in which you had to arrive at a compromise.

Answer honestly and don't forget you are selling yourself so make sure to put your best foot forward. When interviewing, spend a few minutes describing your ideal environment so both sides can make an informed decision. These are most common Business Development Associate interview questions.

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14⟩ Face to Face Business Development Associate interview questions

► What have you learned from your past jobs that related to Business Development Associate?

► Why do you believe you are qualified for this Business Development Associate position?

► Who was your favorite manager and why?

► When were you most satisfied in your job?

► What kinds of situations do you find most stressful?

► Situation where others disagreed with your ideas.

► Example of adaptation to changes and the difficulties.

Knowing about the company is crucial to know how to answer these Business Development Associate interview questions properly.

You should try to identify three areas of interest, one of which includes this company and job.

Do not simply repeat the content of your CV or resume.

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15⟩ Phone Based Business Development Associate interview questions

► What do you think is your market value?

► How do you determine your priorities under tight time constraints?

► What types of people annoy you the most?

► What sort of things do you like to delegate?

► Have you ever postponed a decision? Why?

► How many raises were given at your last position? Why were you given them?

► Give me a question that you've never heard a recruiter ask you and you want to hear.

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16⟩ Business Development Associate interview questions On Phone

► Situation where others disagreed with your ideas.

► Tell me about an important issue you encountered recently.

► How would you define success for someone in your chosen Business Development Associate career?

► Example when you were able to successfully communicate with another person.

► What changes did you develop at your most recent employer?

► Have you found any ways to make Business Development Associate job easier?

► What is your personal mission statement?

► How do you communicate goals to subordinates?

► Why do you believe you are qualified for this Business Development Associate position?

► What do you do if you disagree with a co-worker?

► Do you prefer to work independently or on a team?

► Give an example of how you worked as Business Development Associate on team.

► Give me an example when you felt you were able to motivate a group.

► Describe a team experience you found rewarding.

► Have you ever had difficulty working with a manager?

► What techniques and tools do you use to keep yourself organized?

► Describe a recent unpopular decision you made as Business Development Associate

► List five words that describe your character.

► What do you find are the most difficult decisions to make?

► Why do you believe you are qualified for this Business Development Associate position?

► Time when you had to make an important decision.

During the Business Development Associate interview, talk about how you approach your day.

How you respond to these Business Development Associate interview questions may be a litmus test for how well you'll fit into the organization.

Your answers to these Business Development Associate interview questionsshould be a quick rundown of your qualifications and experience.

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17⟩ Informational Business Development Associate interview questions

► Time when you had to make an important decision.

► Are you planning to continue your studies and training for Business Development Associate?

► Tell about a time that you had to adapt to a difficult situation.

► What do people most often criticize about you?

► If you were hiring a person for Business Development Associate job, what would you look for?

► What is the difference between a manager and a leader?

► What is your usual role in a team?

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18⟩ Strengths and Weaknesses Based Business development associate interview questions

► What are the qualities of a good leader?

► What are three positive character traits you don't have?

► List five words that describe your character.

► Tell us about the last time you had to negotiate with someone.

► What do you believe are your key strengths?

Don't spend a lot of time on these Business development associate interview questions. Answer all Business development associate interview questions in a calm and collected manner and express an honest desire to work.

Do not forget to ask for the names of interviewers. And then, remember to give them a polite thank you.

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19⟩ Behavioral Business Development Associate interview questions

► How to overcome less punctual?

► Which of your skills, technical or otherwise, has most helped you on the job?

► Why did you choose your university and what factors influenced your choice?

► What least interests you about the position being offered?

► What do you expect to be earning in five years?

► Describe the ideal employee.

► What skills do you rely on most in your everyday work?

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20⟩ Practice Business Development Associate Interview Questions

► What qualifies you for this job?

► What interests you about the translation business?

► Have you worked in a legal capacity before?

► Have you ever worked with subtitling or transcription services?

► In your business development experience, how many calls did you typically make per day?

► Are you fluent in any other languages?

► Do you have long term interest in building this kind of business?

► Have you worked with senior management before?

► Do you have any administrative or assistant experience?

► Where do you want to be in 5 years?

► Tell me about your experiences in college.

► Do you think your current projects with other employers will impede your prospects here?

► What kind of salary are you looking for?

► When are you available for full time work?

► Do you have any questions for us?

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