Business Development Associate Salary

Earnings for Business Development Associates in the United States come in at around $47K annually on average. With some bonuses approaching $17K and certain profit sharing proceeds approaching $13K, overall incomes of Business Development Associates spread between $32K and $82K depending on individual performance. Career duration is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and the larger part collect dental insurance. Most workers in this position report high levels of job satisfaction. Women Business Development Associates who took the survey just slightly outnumber men.

$33,032 - $78,241
(Median)
$33K
$47K
$78K
MEDIAN: $47,004
10%
50%
90%

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$10.22 - $24.86
(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
$33,032 - $78,241  
   
Bonus
$0.00 - $16,952  
Profit Sharing
$289.06 - $13,395  
Commission
$0.00 - $28,730  
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).
)
$31,718 - $81,749  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,435
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
$10.22 - $24.86  
   
Overtime
$13.97 - $34.34  
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 - $16,952  
   
Commission
$0.00 - $28,730  
Profit Sharing
$289.06 - $13,395  
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).
)
$31,718 - $81,749  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 212
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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Business Development Associates who transition into a Business Development VP role may receive large pay increases as the latter position pays an average $145K per year. Business Development Associates typically move into roles as Business Development Managers or Business Development Directors, and those positions pay $30K more and $63K more, respectively.

Business Development Associate Job Listings

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Popular Skills for Business Development Associate


Survey takers working as Business Development Associates report using a large range of professional skills. 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 36 percent, 9 percent, and 6 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Fundraising, Marketing Communications, and Microsoft Word. For most people, competency in Business Development indicates knowledge of Market Research and Sales. Most people familiar with Customer Relationship Management also know Sales and Market Research.

Pay by Experience Level for Business Development Associate

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


Business Development Associates do not generally earn higher incomes from more experience in the field. Although individuals who have less than five years' experience earn $46K on average, people with five to 10 years benefit from a notably larger average of $60K. For Business Development Associates, 10 to 20 years of experience on the job amounts to an average salary of $60K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $66K.

Pay Difference by Location


San Jose is home to an above-average pay rate for Business Development Associates, 24 percent higher than the national average. Business Development Associates can also look forward to large paychecks in cities like Houston (+18 percent), San Francisco (+17 percent), New York (+16 percent), and Austin (+12 percent). San Diego is the lowest-paying area, 13 percent south of the national average. Below-median salaries also turn up in Dallas and Philadelphia (13 percent lower and 9 percent lower, respectively).

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

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Experience Affects Business Development Associate Salaries




National Average
$49,000


Skills That Affect Business Development Associate Salaries

Financial Analysis
up arrow 36%



Business Development
up arrow 3%

Project Management
up arrow 2%

Customer Relationship Management (CRM)
up arrow 1%

National Average
$49,000

Market Research
up arrow 1%

Microsoft Excel
up arrow 1%

Sales
up arrow 2%

Strategic Marketing
up arrow 5%

Powerpoint
up arrow 6%


Microsoft Word
up arrow 11%


Fundraising
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 222 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
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 68%
vision benefits Vision: 55% employee benefits None: 15%
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