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Business Development Associate Salary

The average Business Development Associate in the United States can expect to rake in roughly $47K per year. Final cash compensation to Business Development Associates varies from around $32K to approximately $82K; choice pay grades include potential for bonuses and profit sharing as high as $16K and $13K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Business Development Associates (52 percent) survey respondents. A large number enjoy medical while the greater part get dental coverage. Vision coverage is also available to a little over a half. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$33,001 - $78,241
(Median)
$33K
$47K
$78K
MEDIAN: $47,064
10%
50%
90%

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$10.14 - $24.60
(Median)
$10
$16
$25
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Salary
$33,001 - $78,241  
   
Bonus
$0.00 - $16,087  
Profit Sharing
$290.87 - $13,277  
Commission
$0.00 - $28,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,535 - $81,970  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,405
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$10.14 - $24.60  
   
Overtime
$12.77 - $34.14  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $16,087  
   
Commission
$0.00 - $28,000  
Profit Sharing
$290.87 - $13,277  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,535 - $81,970  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 212

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Business Development Associate

Business development associates help increase growth and sales for their company. The field in which they work may vary, including everything from information technology (IT) to marketing to engineering. Much of the position is focused on developing strategies to build new client relationships while maintaining existing relationships.

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Business Development Associate Tasks

  • Supervise implementation, advocate for the customer's needs, and communicate with client.
  • Identify, prioritize, and reach out to new business categories, partners and opportunities.
  • Develop, execute and evaluate new plans for expanding increasing sales.
  • Document all customer contact and information.

Common Career Paths for Business Development Associate


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For Business Development Associates, progressing to a Business Development VP role may result in a significant raise. On average, a Business Development VP can earn $146K annually. Typical career progression for a Business Development Associate involves becoming a Business Development Manager or a Marketing & Business Development Manager, roles that pay $30K more and $20K more on average.

Business Development Associate Job Listings

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Popular Skills for Business Development Associate


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Financial Analysis, Business Analysis, and New Business Development are correlated to pay that is significantly above average, leading to increases of 37 percent, 11 percent, and 6 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Fundraising, Marketing Communications, and Microsoft Word. It is often found that people who know Customer Relationship Management are also skilled in Sales and Market Research. It is often found that people who know Business Development are also skilled in Market Research and Sales.

Pay by Experience Level for Business Development Associate

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Business Development Associates with a lot of experience do not necessarily enjoy more money. Respondents with less than five years' experience take home $46K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. Business Development Associates claiming one to two decades of experience make an estimated median of $60K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $67K.

Pay Difference by Location


Surpassing the national average by 24 percent, Business Development Associates in San Jose receive some of the highest pay in the country. Business Development Associates will also find cushy salaries in Houston (+21 percent), San Francisco (+18 percent), New York (+17 percent), and Austin (+13 percent). Dallas is the lowest-paying area, 14 percent south of the national average. Employers also pay below the national average in San Diego (13 percent lower) and Philadelphia (9 percent lower).

Business Development Associate Reviews

What is it like working as a Business Development Associate?

Business Development Associate in Chicago:
"Great experience where I've learned a ton."
Pros: I've worked 4.5 years as a business development associate doing a range of marketing and sales activities. The ownership and autonomy is what I like the most.
Cons: Stress level and compensation.

Related Job Salaries

United States (change)

Experience Affects Business Development Associate Salaries




National Average
$48,000


Skills That Affect Business Development Associate Salaries

Financial Analysis
up arrow 37%



Business Development
up arrow 3%

Customer Relationship Management (CRM)
up arrow 1%

Project Management
up arrow 1%

Market Research
0%

National Average
$48,000

Microsoft Excel
up arrow 1%

Sales
up arrow 2%

Powerpoint
up arrow 5%

Strategic Marketing
up arrow 6%


Microsoft Word
up arrow 10%


Fundraising
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 232 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
12%
1-4 years
62%
5-9 years
18%
10-19 years
7%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 68%
vision benefits Vision: 54% employee benefits None: 15%
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