At a Glance
- Tasks: Drive business growth and manage strategic accounts in the healthcare market.
- Company: Join M3, a global leader in innovative healthcare solutions.
- Benefits: Competitive salary, professional development, and opportunities for travel.
- Why this job: Make a real impact in healthcare while developing your leadership skills.
- Qualifications: 5+ years in healthcare market research and strong business development experience required.
- Other info: Dynamic role with opportunities for mentorship and career advancement.
The predicted salary is between 43200 - 72000 £ per year.
About M3: A Japanese global leader in the provision of ground-breaking and innovative technological and research solutions to the healthcare industry. The M3 Group operates in the US, Asia, and Europe with over 5.8 million physician members globally via its physician websites which include mdlinx.com, m3.com, research.m3.com, Doctors.net.uk, medigate.net, and medlive.cn. M3 Inc. is a publicly traded company on the Tokyo Stock Exchange (jp:2413, NIKKEI 225) with subsidiaries in major markets including the US, UK, Japan, South Korea, and China, and in 2020 was ranked in Forbes’ Global 2000 list. The M3 Group provides services to healthcare and the life science industry. In addition to market research, these services include medical education, ethical drug promotion, clinical development, job recruitment, and clinic appointment services.
Due to our continued growth, we are hiring for a Vice President, Business Development at M3 Global Research, an M3 company.
About the Business Division: M3 Global Research, part of M3 Inc., provides the most comprehensive and highest quality market research recruitment and support services available to the industry with relationships reaching respondents in more than 70 countries worldwide. M3 Global Research maintains ISO 26362 and ISO 27001 certifications with the highest quality data collection and project management capabilities that cover the spectrum of quantitative and qualitative techniques utilized today. M3 services incorporate all of the most advanced statistical and attitudinal methodologies allowing clients to provide world-class offerings and support services to their end-client customers throughout multiple industry sectors.
Mission of the Role: The Vice President, Business Development grows and drives existing accounts. The role will meet quarterly and annual sales targets. Additionally, this individual is responsible for development of processes to ensure all client needs are being met within efficient means, encouraging communication and ongoing education of difficult topics among Sales and Delivery teams, and enhancing productivity to address client satisfaction and/or project completion concerns fairly and in a timely fashion. This is the ideal role for someone who is driven by their own success, a strong networker, and an effective teacher and communicator.
Essential Duties and Responsibilities:
- Overall responsibility for the growth and profitability of assigned strategic accounts.
- Ensure that pricing is optimized and follows company pricing policy, scope changes are recosted accurately and discounts where necessary are suitable and appropriate, thus providing a consistent sales presence to complement the field-level sales and operations aspects of managing the account(s).
- Utilize account data to create strategies and develop plans that are executed and reviewed on an ongoing basis to grow the business.
- Review accounts monthly versus sales and revenue goals.
- Provide support as necessary for reporting of current sales, revenue, conversion and other data for internal analysis and client reviews.
- Supervise day-to-day and strategic aspects of accounts.
- Monitor operational aspects of projects, acting as liaison between client and M3.
- Nurture a client-centric culture in your accounts with strong sales behaviours.
- Serve as VP point of escalation for any delivery concerns.
- Collaborate with Global Sales and Delivery teams to develop uniform processes and their distribution among all teams; establish and maintain department procedures; provide feedback and make suggestions striving for continuous improvement and education.
- Support the SVP, Business Development as a liaison between the Sales and Delivery teams to ensure client satisfaction is prioritized on all fieldwork projects; provide superior customer service to ensure properly executed project fielding and delivery; enable delivery teams' success with correct project handovers and a strong emphasis on proper IKOs (Internal Kick-Off meeting).
- Serve as a CRM advocate, assisting with training and being responsible for keeping account data clean and current.
- Serve as contact point for new hire onboarding for the UK Sales team.
- Mentor and advise Client Service Directors and Account Managers serving as a reference to assist with problem solving, custom project solutions, and fieldwork planning, supporting workstreams and delegating coverage as needed.
- Lead client service initiatives regarding procedures and standards to enhance business communication, increase productivity, and increase client satisfaction.
- Attend conferences/trade shows as assigned and professionally represent M3, interact with clients and assist the marketing effort via dissemination of M3 capabilities and collection of leads.
- Travel, as necessary, to support on-site client meetings with other Sales and Delivery Team members.
Qualifications:
- Bachelor’s degree or equivalent work experience.
- A minimum of 5 years of healthcare market research experience required.
- Business development experience required.
- Exceptional ability to multi-task and prioritize requests.
- Solid relationship building and staff management skills.
- Effective communicator.
- Time management skills.
- Problem solver (seeks answers and resolutions).
- Strong self-discipline & organizational habits.
- Effective use of Outlook, Excel, Word, PowerPoint.
VP, Business Development employer: M3 USA
Contact Detail:
M3 USA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP, Business Development
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that who you know can be just as important as what you know, so don’t be shy about reaching out.
✨Tip Number 2
Prepare for those interviews! Research M3 and its services thoroughly. We want to see you shine by showing how your experience aligns with their mission and values. Tailor your responses to highlight your relevant skills.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We recommend mentioning something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the M3 team. Let’s get you that VP role!
We think you need these skills to ace VP, Business Development
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the VP, Business Development role. Highlight your experience in healthcare market research and business development, showcasing how your skills align with M3's mission and values.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how your background makes you the perfect fit for M3. Don't forget to mention specific achievements that demonstrate your ability to drive growth.
Showcase Your Communication Skills: As a VP, effective communication is key. In your application, highlight instances where you've successfully communicated complex ideas or led teams. This will show us that you can nurture a client-centric culture and collaborate effectively.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates. Plus, it’s super easy!
How to prepare for a job interview at M3 USA
✨Know Your Stuff
Before the interview, dive deep into M3's services and recent projects. Familiarise yourself with their market research methodologies and how they cater to the healthcare industry. This will not only show your genuine interest but also help you articulate how your experience aligns with their needs.
✨Showcase Your Network
As a VP of Business Development, your connections matter. Be ready to discuss your existing network in the healthcare sector and how you can leverage it for M3. Share specific examples of how you've successfully built relationships that led to business growth in your previous roles.
✨Demonstrate Problem-Solving Skills
Prepare to discuss challenges you've faced in past roles and how you overcame them. M3 values effective problem solvers, so think of examples where you identified issues, implemented solutions, and improved client satisfaction or project outcomes.
✨Ask Insightful Questions
Interviews are a two-way street. Prepare thoughtful questions about M3's future goals, team dynamics, and how they measure success in the Business Development role. This shows you're not just interested in the position but also in contributing to the company's long-term vision.