Career Development

What Does a Business Coordinator Do?

Find out what a business coordinator does, how to get this job, and what it takes to succeed as a business coordinator.

Business coordinators are responsible for ensuring that the day-to-day operations of their company run smoothly. They commonly work with a variety of different departments and may have a hand in everything from purchasing to accounting to human resources.

Business coordinators often act as liaisons between different departments or teams within their organization. They help ensure that everyone is on the same page when it comes to projects, deadlines, and other important information.

Business Coordinator Job Duties

A business coordinator typically has a wide range of responsibilities, which can include:

  • Coordinating staff training and development efforts, including developing training plans and materials and conducting training sessions
  • Providing administrative support to senior management by managing the calendars of executives and facilitating meetings
  • Coordinating employee benefits, such as health insurance and 401(k) plans
  • Maintaining employee records such as pay stubs and tax forms
  • Maintaining the organization’s financial records, including preparing reports on budgets and expenditures
  • Managing company events such as trade shows, conferences, and conventions
  • Coordinating the organization’s marketing efforts by developing promotional materials such as brochures or catalogs
  • Planning and coordinating company events such as holiday parties or awards ceremonies
  • Assisting with personnel matters such as hiring new employees or terminating current employees when necessary

Business Coordinator Salary & Outlook

Business coordinators’ salaries vary depending on their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of bonuses.

  • Median Annual Salary: $56,500 ($27.16/hour)
  • Top 10% Annual Salary: $85,000 ($40.87/hour)

The employment of business coordinators is expected to grow at an average rate over the next decade.

Demand for business coordinators depends largely on the overall health of the economy. As demand for products and services grows, more business coordinators will be needed to organize and direct the work of other workers. However, automation may limit employment growth in some industries.

Business Coordinator Job Requirements

A business coordinator typically needs to have the following qualifications:

Education: Most employers require a minimum of a bachelor’s degree in a related field, such as business, finance or marketing. Some employers may also require a related master’s degree or a related certification. Relevant coursework includes business law, economics, finance, marketing and sales.

Training & Experience: Many employers will require candidates to have at least two years of experience in a related role. Some employers may prefer candidates who have at least five years of experience. On-the-job training is often part of the first few weeks of employment with a company. This training will familiarize the business coordinator with the company’s specific processes and procedures.

Certifications & Licenses: While certifications are not usually a requirement for a business coordinator, they can be useful in finding a job and increasing your earning potential.

Business Coordinator Skills

Business coordinators need the following skills in order to be successful:

Communication: Communication is the act of relaying information to others. As a business coordinator, you may be responsible for communicating with clients, colleagues and other stakeholders. Effective communication can help you convey information clearly and answer questions. You may also use communication to relay information about company updates, changes in company policy and other information.

Organization: Organization is another skill that can be helpful for business coordinators. They may be responsible for managing multiple calendars, keeping track of important deadlines and maintaining records of client information. Being able to stay organized can help them be more efficient in their role.

Time management: Time management is another crucial skill for business coordinators. They often have many tasks to complete in a day, so they need to prioritize their work and manage their time wisely. This can include managing multiple projects at once, keeping track of deadlines and staying on top of emails and messages.

Problem-solving: As a business coordinator, you may be responsible for resolving issues that arise during the planning process. Your ability to identify and solve problems can help you to meet your company’s goals. For example, if you notice that a budget is too small to complete a project, you may be able to find ways to reduce costs or find alternative methods to complete the project.

Leadership: Leadership skills can help you when working with teams to plan and execute events. You may also use leadership skills when training and motivating your team. Leadership skills can also help you when working with clients and suppliers to ensure that you understand their needs and expectations.

Business Coordinator Work Environment

Business coordinators typically work in an office environment, although they may travel to meet with clients or attend conferences. They usually work regular business hours, although they may occasionally work overtime to meet deadlines. Business coordinators typically work on teams with other coordinators, managers, and support staff. They may also interact with clients, vendors, and other business professionals. Business coordinators need to be able to work well under pressure and handle multiple tasks simultaneously. They must also be able to effectively communicate with people at all levels of an organization.

Business Coordinator Trends

Here are three trends influencing how business coordinators work. Business coordinators will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.

The Growth of the Gig Economy

The gig economy is growing rapidly, as more and more people are turning to freelance work as a way to make ends meet. This trend is having a major impact on the business world, as businesses are now looking for employees who have experience working in a gig economy environment.

Business coordinators can capitalize on this trend by developing skills that are in high demand in the gig economy, such as project management, customer service, and communication. They can also focus on building a network of contacts within the gig economy, which will be valuable in the future as more and more businesses move towards a gig economy model.

More Focus on Employee Engagement

As businesses become more competitive, they are placing a greater emphasis on employee engagement. This means that business coordinators need to be able to create an environment where employees feel valued and appreciated.

To achieve employee engagement, business coordinators need to focus on creating a positive workplace culture. This includes things like providing feedback, promoting teamwork, and offering rewards for good performance. In addition, business coordinators need to be aware of the needs and wants of their employees in order to create a workplace that meets those needs.

Greater Use of Technology

Technology is playing an increasingly important role in business operations. This is especially true for business coordinators, who are often responsible for managing and using technology to improve efficiency and productivity.

As technology becomes more prevalent, business coordinators will need to learn how to use it effectively in order to keep up with the competition. This includes learning how to use software tools, manage data, and communicate with customers and coworkers via email and social media.

How to Become a Business Coordinator

A business coordinator career can be a great way to get your foot in the door of the business world. As a business coordinator, you’ll have the opportunity to work with a variety of departments and learn about different aspects of business. You may even be able to move up the ladder and become a manager or director.

To start your business coordinator career, it’s important to have a strong foundation in business administration and management. This can be achieved by completing an online business degree program or certificate. Additionally, it’s important to develop strong communication and organizational skills. These skills will help you succeed in any business environment.

Related: How to Write a Business Coordinator Resume

Advancement Prospects

Business coordinators typically advance by taking on more responsibility and moving into management positions. As they gain experience, business coordinators may move into positions such as project manager, operations manager, or business development manager.

Those who are interested in moving into executive-level positions may want to pursue a master’s degree in business administration (MBA). MBA programs typically take two years to complete and cover topics such as accounting, finance, marketing, and human resources. Many MBA programs also require students to complete a capstone project, which gives them the opportunity to apply what they have learned to a real-world business problem.

Business Coordinator Job Description Example

At [CompanyX], we’re always looking for ways to streamline efficiency and optimize productivity. As our business coordinator, you’ll be responsible for a variety of tasks that keep our business running smoothly. From scheduling appointments and managing calendars to preparing reports and handling customer inquiries, you’ll be the glue that holds our company together. The ideal candidate will be highly organized, detail-oriented, and able to multitask with ease. They will also have excellent written and verbal communication skills. If you’re looking for an opportunity to wear many hats and be an integral part of a growing company, this is the job for you.

Duties & Responsibilities

  • Serve as the primary point of contact for assigned clients, providing exceptional customer service and developing strong relationships
  • Understand client needs and objectives, and develop creative solutions to help them achieve their goals
  • Serve as a liaison between clients and internal teams, ensuring that all parties are kept up-to-date on project progress and changes
  • Proactively manage projects from start to finish, including scope, schedule, budget, quality, and risks/issues
  • Develop detailed project plans and track progress against those plans using appropriate tools and techniques
  • Identify and resolve issues and risks in a timely manner, escalating as necessary
  • Facilitate team meetings and other communications, as needed
  • Prepare reports and presentations for clients, as needed
  • Maintain accurate and up-to-date records in our CRM system
  • Assist with new business development efforts, as needed
  • Adhere to company policies and procedures
  • Perform other duties as assigned

Required Skills and Qualifications

  • Bachelor’s degree in business, communications, or related field
  • 3-5 years professional experience in a business environment
  • Excellent written and verbal communication skills
  • Strong organizational skills and attention to detail
  • Ability to work independently and with a team
  • Proficient in Microsoft Office, with aptitude to learn new software and systems

Preferred Skills and Qualifications

  • Project management experience
  • Experience coordinating events
  • Experience working with international teams
  • Fluency in more than one language

Similar Jobs

Previous

What Does a Mine Manager Do?

Back to Career Development
Next

What Does a Director Of Education Do?