Business developer to banking products manager
A business developer already meets 19% of what the banking products manager role asks for. The move turns on 22 required skills not yet in the profile.
81.7/ 100
1 How much of what a banking products manager is expected to do is already part of a business developer’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the banking products manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A banking products manager role treats 6 of its required skills as things a business developer already does. You would walk in with these on day one.
- financial analysis
- liaise with managers
- market research
- marketing principles
- sales strategies
- strive for company growth
What stands in the way is 22 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 7 skills that carry over, these are the ones fewest other occupations ask for. A banking products manager role needs them, and most people applying for one will not have them already. This is the part of a business developer background worth leading with.
- already held market research business, administration and law
- already held marketing principles business, administration and law
- already held financial analysis business, administration and law
- already held analyse business plans information skills
- already held strive for company growth management skills
- already held sales strategies business, administration and law
All 7 carried skills, including the 6 the banking products manager role treats as required.
Table 3 · What you may need to learn
The 38 missing skills fall into 8 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn coordinate marketing plan actions required
- still to learn create a financial plan required
- still to learn define measurable marketing objectives required
- still to learn develop product policies required
- still to learn enforce financial policies required
- still to learn plan product management required
- optional, not held ensure finished product meet requirements optional
- optional, not held make strategic business decisions optional
- optional, not held operate financial instruments optional
- optional, not held plan health and safety procedures optional
- still to learn corporate social responsibility required
- still to learn financial management required
- still to learn financial products required
- still to learn financial statements required
- still to learn marketing management required
- optional, not held cost management optional
- optional, not held banking activities optional
- optional, not held financial markets optional
- optional, not held securities optional
- still to learn analyse financial performance of a company required
- still to learn analyse market financial trends required
- still to learn draw conclusions from market research results required
- still to learn perform market research required
- optional, not held analyse financial risk optional
- optional, not held carry out strategic research optional
- still to learn develop product design required
- still to learn advise on financial matters required
- still to learn prepare market research reports required
- optional, not held advise on investment optional
- optional, not held advise on communication strategies optional
- optional, not held communicate with banking professionals optional
- still to learn core banking software required
- still to learn trading software required
- optional, not held electronic business optional
- still to learn follow company standards required
2 further areas in the appendix
Table 4 · Where to start
The 3 entries a banking products manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 core banking software study this
- 02 corporate social responsibility study this
- 03 develop product design practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 7 skills that carry over
- already held financial analysis knowledge
- already held liaise with managers skill
- already held market research knowledge
- already held marketing principles knowledge
- already held sales strategies knowledge
- already held strive for company growth skill
- already held analyse business plans skill
The 2 learning areas not shown above
- still to learn economics required
- optional, not held statistics optional
- optional, not held survey techniques optional
16 supplementary skills, helpful but not required
- optional, not held advise on investment optional
- optional, not held cost management optional
- optional, not held electronic business optional
- optional, not held advise on communication strategies optional
- optional, not held analyse financial risk optional
- optional, not held banking activities optional
- optional, not held carry out strategic research optional
- optional, not held communicate with banking professionals optional
- optional, not held ensure finished product meet requirements optional
- optional, not held financial markets optional
- optional, not held make strategic business decisions optional
- optional, not held operate financial instruments optional
- optional, not held plan health and safety procedures optional
- optional, not held securities optional
- optional, not held statistics optional
- optional, not held survey techniques optional
30 held skills the banking products manager role does not ask for
- not needed by the target role analyse cultural trends skill
- not needed by the target role analyse data about clients skill
- not needed by the target role apply business acumen skill
- not needed by the target role brainstorm ideas skill
- not needed by the target role brand marketing techniques knowledge
- not needed by the target role business analysis knowledge
- not needed by the target role business incubation knowledge
- not needed by the target role carry out sales analysis skill
- not needed by the target role collaborate in the development of marketing strategies skill
- not needed by the target role corporate sustainability knowledge
- not needed by the target role customer insight knowledge
- not needed by the target role customer relationship management knowledge
- not needed by the target role develop professional network skill
- not needed by the target role expand store regional presence skill
- not needed by the target role identify new business opportunities skill
- not needed by the target role international business knowledge
- not needed by the target role manage accounts skill
- not needed by the target role market analysis knowledge
- not needed by the target role market entry planning knowledge
- not needed by the target role market entry strategies knowledge
- not needed by the target role negotiate settlements skill
- not needed by the target role negotiate with stakeholders skill
- not needed by the target role perform customer management skill
- not needed by the target role prospect new customers skill
- not needed by the target role represent company in exhibitions skill
- not needed by the target role services marketing knowledge
- not needed by the target role strategic planning knowledge
- not needed by the target role study sales levels of products skill
- not needed by the target role use analytics for commercial purposes skill
- not needed by the target role vertical markets knowledge
15 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn core banking software required
- still to learn corporate social responsibility required
- still to learn trading software required
- still to learn economics required
- still to learn financial management required
- still to learn financial products required
- still to learn financial statements required
- still to learn marketing management required
- optional, not held cost management optional
- optional, not held electronic business optional
- optional, not held banking activities optional
- optional, not held financial markets optional
- optional, not held securities optional
- optional, not held statistics optional
- optional, not held survey techniques optional
Common questions about this move
Can a business developer become a banking products manager?
Yes, and it is a career change move. A business developer already covers 19% of what a banking products manager is expected to do: 7 skills carry over, 6 of which the banking products manager role treats as required.
What skills does a business developer need to become a banking products manager?
22 required skills are missing, plus 16 optional ones. They fall into 8 areas of the ESCO skill hierarchy, led by management skills. The single most important is core banking software.
How hard is the move from business developer to banking products manager?
Its learning distance is 81.7 out of 100, which is the career change band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.