NOC 41402 – Business development officers and market researchers and analysts

NOC Version: NOC 2021 Version 1.0

Position Summary for NOC 41402 - Business development officers and market researchers and analysts

NOC 41402 – Business Development Officers and Market Researchers and Analysts in Canada are professionals focused on identifying business growth opportunities and analyzing market trends. They play a key role in developing strategies for business expansion, conducting market research, analyzing consumer behavior, and providing insights to inform marketing strategies and business decisions.

Job Titles Specific for NOC 41402 in Canada

  • Business Development Officer
  • Market Research Analyst
  • Marketing Analyst
  • Business Development Manager
  • Market Researcher
  • Business Analyst
  • Strategic Development Officer
  • Marketing Intelligence Analyst
  • Competitive Intelligence Analyst
  • Customer Insights Analyst.

Main Responsibilities common for NOC 41402 in Canada

  • Market Research: Conducting in-depth market research to understand industry trends, consumer behaviors, and competitive landscapes.

  • Data Analysis: Analyzing data from market research to identify potential business opportunities and market segments.

  • Strategy Development: Developing and proposing business strategies for growth and market penetration based on research findings.

  • Business Planning: Assisting in the creation and execution of business plans, including setting objectives and determining tactics for achieving them.

  • Client Relations: Building and maintaining relationships with clients or stakeholders to understand their needs and tailor strategies accordingly.

  • Report Preparation: Preparing detailed reports and presentations on research findings, market analysis, and business strategies.

  • Collaboration with Teams: Collaborating with marketing, sales, and product development teams to implement strategies effectively.

  • Monitoring Market Trends: Staying updated with changes in the market, consumer preferences, and technological advancements.

  • Performance Analysis: Evaluating the effectiveness of business strategies and marketing campaigns, and making recommendations for improvement.

  • Budget Management: Assisting in managing budgets related to market research and business development activities.

Job Requirements for NOC 41402 in Canada

  • Educational Background: A bachelor’s degree in business administration, marketing, economics, or a related field. Advanced degrees or specialized training in market research or business development can be advantageous.

  • Experience: Prior experience in market research, business analysis, or a related field. The specific amount of experience required can vary depending on the role’s level of responsibility.

  • Analytical Skills: Strong analytical abilities to interpret market data, financial reports, and business metrics.

  • Communication Skills: Excellent verbal and written communication skills for presenting findings and strategies, and for effective client and team interactions.

  • Research Proficiency: Experience with market research methodologies and data analysis tools.

  • Strategic Thinking: Ability to develop strategic business plans and make recommendations based on market analysis.

  • Problem-Solving Abilities: Skill in identifying business challenges and opportunities, and devising effective solutions.

  • Computer Literacy: Proficiency in software for data analysis, CRM systems, and standard office applications.

  • Attention to Detail: Precision and attention to detail in research, analysis, and documentation.

  • Teamwork and Collaboration: Ability to work collaboratively within cross-functional teams.

  • Adaptability: Flexibility to adapt to changing market conditions and business needs.

Median Hourly Wages by Provinces

  • Overall Canada: $52.00 per hour
  • Alberta: $60.00 per hour
  • British Columbia:$55.00 per hour
  • Manitoba: $47.00 per hour
  • New Brunswick: $46.00 per hour
  • Newfoundland and Labrador: $45.00 per hour
  • Nova Scotia: $46.00 per hour
  • Ontario: $53.00 per hour
  • Prince Edward Island: $44.00 per hour
  • Quebec: $47.00 per hour
  • Saskatchewan: $51.00 per hour

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