business development manager salary in the us

Business Development Manager salary in US

Average base salary in us, how much does a business development manager make in us.

The average salary for a Business Development Manager in US is $101,469. The average additional cash compensation for a Business Development Manager in US is $44,941. The average total compensation for a Business Development Manager in US is $146,410. Business Development Manager salaries are based on responses gathered by Built In from anonymous Business Development Manager employees in US.

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Best-paying cities for business development manager, business development manager salary by gender, business development manager salary by years of experience, business development manager salary ranges, average sales salaries in us, what is a business development manager, how to become a business development manager, how much does a business development manager make.

The salary range for a business development manager is $40K-$285K. The average salary for a Business Development Manager in US is $101,469.

Career Info

Business development manager jobs in us, skills that affect business development manager salaries in us, average business development manager salary by company size, recent business development manager salaries in us.

Business Development Manager Salary in the US

Business development manager - average salary, business development manager salary range, business development manager - salary differences, business development manager - pay by experience level in the united states, how work experience affects the salary of a business development manager, gender breakdown, business development manager - jobs by location, business development manager - related salaries.

Frequently asked questions about the salary of the Business Development Manager

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• United States

Business Development Manager

$147,173 (usd)/yr, $70.76 (usd) /hr, $11,465 (usd) /yr.

The average business development manager gross salary in United States is $147,173 or an equivalent hourly rate of $71. In addition, they earn an average bonus of $11,465. Salary estimates based on salary survey data collected directly from employers and anonymous employees in United States. An entry level business development manager (1-3 years of experience) earns an average salary of $101,661. On the other end, a senior level business development manager (8+ years of experience) earns an average salary of $183,410.

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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$165,314 (USD)

Based on our compensation data, the estimated salary potential for Business Development Manager will increase 12 % over 5 years.

This chart displays the highest level of education for: Business Development Manager , the majority at 50% with bachelors.

Typical Field of Study: Business Administration and Management

the United States

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

The United States of America (USA or U.S.A.), commonly known as the United States (US or U.S.) or America, is a country primarily located in North America. It is a federation of 50 states, a federal capital district (Washington, D.C.), and 326 Indian reservations. Outside the union of states, it asserts sovereignty over five major unincorporated island territories and various uninhabited islands. The country has the world's third-largest land area, second-largest exclusive economic zone, and third...

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Business Development Manager salary

Average business development manager salary, how much does a business development manager make.

The average business development manager salary in the United States is $100,769. Business development manager salaries typically range between $67,000 and $151,000 yearly. The average hourly rate for business development managers is $48.45 per hour. Business development manager salary is impacted by location, education, and experience. Business development managers earn the highest average salary in California.

Where can a Business Development Manager earn more?

• Business Development Manager

A business development manager with 0-2 years of experience earns an average entry-level salary of $74,805. A mid-career business development manager with 3-6 years of experience makes $100,769 a year on average. A senior level business development manager with 7-12 years of experience enjoys an average annual salary of $181,758. According to Dr. Mark Harvey Ph.D. , Associate Professor, Director of Graduate and Undergraduate Programs, Coordinator of All-University Honors Program at University of Saint Mary, "Education and experience are probably more important than skills in terms of making more money. An employer can't really tell what your skills are from your resume. Just because you say you have a skill doesn't mean that you really do. They can reasonably guess that somebody with a degree is responsible enough to have accomplished something big. Somebody who makes it through a graduate program is probably very good at what they know. And somebody who has been in the industry and/or in a similar job is more likely to be able to walk in with little orientation and know what they are doing. Employers take risks on employees and hope that they can deliver. Thus, with more education and more experience, you are able to apply for higher-level jobs, which usually come with higher salaries."

Business Development Manager salary estimates from across the web

Average business development manager salary by state.

The highest-paying states for business development managers are California, Washington, and New Jersey. The lowest average business development manager salary states are Oklahoma, North Dakota, and Mississippi.

• County View

Highest paying states for business development managers

Highest paying cities for business development managers.

The highest-paying cities for business development managers are San Francisco, CA, Seattle, WA, and Jersey City, NJ.

Business Development Managers are the most in-demand in these five cities:

• San Francisco, CA
• Seattle, WA
• Jersey City, NJ
• New York, NY
• Washington, DC

Business Development Manager salary details

A business development manager's salary ranges from $67,000 a year at the 10th percentile to $151,000 at the 90th percentile.

What is a business development manager's salary?

Highest paying business development manager jobs.

The highest paying types of business development managers are vice president, business development, head of business development, and senior business development manager.

Top companies hiring business development managers now:

• Microsoft Jobs (201)
• Amazon Jobs (101)
• Cisco Jobs (238)
• Intel Jobs (96)
• Wipro Limited Jobs (117)

Which companies pay business development managers the most?

Business development manager salaries at Shearman & Sterling and Mayo Clinic are the highest-paying according to our most recent salary estimates. In addition, the average business development manager salary at companies like Simpson Thacher & Bartlett and Baker McKenzie are highly competitive.

Wage gap by gender, race and education

Business development manager salary by industry.

The average business development manager salary varies across industries:

• The average business development manager salary in the finance industry is $103,515, the highest of any industry.
• The average business development manager salary in the finance industry is $97,625.
• Business development managers in the hospitality industry earn an average salary of $84,239, the lowest of any industry.

Highest paying industries for business development managers

High paying business development manager jobs, business development manager salary trends.

The average business development manager salary has risen by $18,542 over the last ten years. In 2014, the average business development manager earned $82,227 annually, but today, they earn $100,769 a year. That works out to a 8% change in pay for business development managers over the last decade.

Compare business development manager salaries for cities or states with the national average over time.

Average business development manager salary over time

Compare business development manager salaries for individual cities or states with the national average.

Business Development Manager salary by year

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Business Development Manager Related Salaries

• Account Development Manager Salary
• Business Account Manager Salary
• Business Development Account Manager Salary
• Business Development And Marketing Manager Salary
• Business Development Director Salary
• Business Development Executive Salary
• Business Development Officer Salary
• Business Development Sales Manager Salary
• Business To Business Sales Manager Salary
• Business Unit Manager Salary
• Development & Program Manager Salary
• Development Manager Salary
• Director New Business Development Salary
• Director Of Sales & Business Development Salary
• Head Of Business Development Salary

Business Development Manager Related Careers

• Account Development Manager
• Business Account Manager
• Business Development Account Manager
• Business Development And Marketing Manager
• Business Development Director
• Business Development Executive
• Business Development Officer
• Business Development Sales Manager
• Business To Business Sales Manager
• Business Unit Manager
• Development & Program Manager
• Development Manager
• Director New Business Development
• Director Of Sales & Business Development
• Head Of Business Development

Business Development Manager Related Jobs

• Market Development Manager
• New Business Development
• Sales Development Manager
• Senior Business Development Manager

What Similar Roles Do

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How much does a Business Development make in the United States?

• Business Development Salary The average Business Development salary in the United States is $228,885 as of April 24, 2024. The range for our most popular Business Development positions (listed below) typically falls between $58,645 and $399,125. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
• Vice President of Business Development Directs the development and execution of the business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Develops a wide network of contacts to keep informed about current and future industry and market actions. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, proposal development, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. View Vice President of Business Development Salary Alternate Job Titles :Vice President of Division Business Development, VP Business Development, Vice President of Business Development Categories : Sales , Executive and Management
• Business Development Director Directs the execution of the business development vision, strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Oversees the development of proposals and contracts for new business opportunities and manages negotiations. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. View Business Development Director Salary Alternate Job Titles :Director Business Growth and Development, Market/Partner Development Director, Strategic Business Development Director, Business Development Director Categories : Sales , Consulting Services , Marketing
• Business Development Manager Manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View Business Development Manager Salary Alternate Job Titles :Manager Business Growth and Development, Market/Partner Development Manager, Business Development Manager Categories : Sales , Consulting Services , Marketing
• Senior Vice President of Business Development Develops and leads the business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, development of proposals, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. View Senior Vice President of Business Development Salary Alternate Job Titles :SVP Business Development, Senior Vice President of Business Development Categories : Sales , Executive and Management , Marketing
• Partnership Business Development Manager Manages business development activities to identify, develop, and administer strategic partnerships with other organizations to realize key objectives, gain operational efficiencies, address unmet market needs, and create new customers and markets. Leads research activities to identify business opportunities, conduct due diligence, and develop plans and strategies for new alliances. Negotiates with new partners to formalize alliances and relationships. Implements partnerships with stakeholders across the organization. Establishes processes to track, measure, and analyze results and outcomes and evaluate alliances' value. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View Partnership Business Development Manager Salary Categories : Sales , Marketing
• Business Development Manager, Sr. Manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. View Business Development Manager, Sr. Salary Alternate Job Titles :Market/Partner Senior Development Manager, Senior Manager Business Growth and Development, Business Development Manager, Sr. Categories : Sales , Consulting Services , Marketing
• Chief Business Development Executive Develops and leads the overall business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Develops a wide network of contacts to keep informed about current and future industry and market actions. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, development of proposals, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to chief executive officer (CEO). Top level or C level management. Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. View Chief Business Development Executive Salary Alternate Job Titles :Chief Business Development Officer, EVP Business Development, Executive Vice President of Business Development, Head of Business Development, Top Business Development Executive, VP of Business Development, Chief Business Development Executive Categories : Marketing , Executive and Management
• Partnership Business Development Senior Associate Conducts business development activities to identify, develop, and administer strategic partnerships with other organizations to realize key objectives, gain operational efficiencies, address unmet market needs, and create new customers and markets. Researches business opportunities, supports due diligence activities, and implements plans and strategies for new alliances. Assists with negotiations and the development and preparation of formal agreements with new partners. Coordinates partnership activities with stakeholders across the organization. Collects data and prepares analysis of partnership performance, sales, and other results. Requires a bachelor's degree. Typically reports to a head of a unit/department. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. View Partnership Business Development Senior Associate Salary Categories : Sales , Marketing
• Business Development Associate II Identifies and nurtures strategic relationships with partners or potential customers. Assists in the development of a strong pipeline of new business opportunities through direct or indirect customer contact and prospecting. Works with marketing, sales, and product development teams to implement business development initiatives. Requires a bachelor's degree in business, finance or marketing. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View Business Development Associate II Salary Alternate Job Titles :Business Development Representative, Business Prospector, Lead Development Representative, Market/Partner Developer, Business Development Associate II Categories : Sales , Consulting Services , Marketing
• Business Development Associate I Identifies and nurtures strategic relationships with partners or potential customers. Assists in the development of a strong pipeline of new business opportunities through direct or indirect customer contact and prospecting. Works with marketing, sales, and product development teams to implement business development initiatives. Requires a bachelor's degree in business, finance or marketing. Typically reports to a supervisor or manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View Business Development Associate I Salary Categories : Sales , Consulting Services , Entry Level , Marketing

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Hourly Wage for Business Development Manager Salary in the United States

Hourly Wage for Business Development Manager Salary

How much does a Business Development Manager make hourly in the United States? The average hourly wage for a Business Development Manager in the United States is $67 as of April 24, 2024, but the range typically falls between $59 and $76 . Hourly rate can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Business Development Manager

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What skills does a Business Development Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

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Job Description for Business Development Manager

Business Development Manager manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Being a Business Development Manager establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Additionally, Business Development Manager makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. The Business Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Business Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Business Development Manager information for you to search for. Click on search button below to see Business Development Manager job openings or enter a new job title here.

• Business Development Manager BluSky - Renton, WA This is a highly compensated position with commission potential. Base Salary Range is $75,000 - $110,000. Commission with OTE $50,000 - $160,000. Vehicle A... - 1 Day Ago
• Business Development Manager BluSky - Columbus, OH BRIEF DESCRIPTION. The Business Development Manager is responsible for generating new business opportunities by developing relationships with potential Blu... - 1 Day Ago
• Business Development Manager BluSky - San Jose, CA Business Development Manager. This is a highly compensated position with commission potential. Base Salary Range is $75,000 - $110,000. Commission with OTE... - 1 Day Ago
• Business Development Manager BluSky - Hayward, CA Business Development Manager. This is a highly compensated position with commission potential. Base Salary Range is $75,000 - $110,000. Commission with OTE... - 1 Day Ago

Career Path for Business Development Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Business Development Manager, the first career path typically starts with a Business Development Manager, Sr. position, and then progresses to Business Development Director.

Additionally, the second career path typically progresses to Business Development Director - Biotech.

What does a Business Development Manager do?

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Business Development Manager Pay Difference by Location

Business Development Manager salary varies from city to city. Compared with national average salary of Business Development Manager, the highest Business Development Manager salary is in San Francisco, CA, where the Business Development Manager salary is 25.0% above. The lowest Business Development Manager salary is in Miami, FL, where the Business Development Manager salary is 3.5% lower than national average salary.

Similar Jobs to Business Development Manager

Level of education for business development manager.

Jobs with different levels of education may pay very differently. Check the Business Development Manager salary of your education level.

• Business Development Manager Salaries with a Bachelor's Degree
• Business Development Manager Salaries with a Master's Degree or MBA
• Business Development Manager Salaries with a JD, MD, PhD or Equivalent

Business Development Manager Salary by Global Country

Business Development Manager salary varies from country to country. There are several factors that mainly impact the Business Development Manager salary, including cost of living, economic conditions, market rates and legal differences. Click below to Business Development Manager salary of the other country.

• United States
• United Kingdom
• Netherlands

Business Development Manager Salary by State

Geographic variations impact Business Development Manager salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.

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Skills associated with Business Development Manager: Lead Management , Campaign Management , Marketing Analytics , Tactical Planning ... More

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