Business Development Associate Salary

Business Development Associates in the United States take home an average $47K annually. In the world of Business Development Associates, overall income ranges from $32K near the bottom to $82K at the top; this can include more than $17K from bonuses and more than $13K from profit sharing in exceptional cases. Career duration is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a majority collect dental insurance. Women make up a slight majority of Business Development Associates (52 percent) survey respondents. Work is enjoyable for Business Development Associates, who typically claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$33,031 - $78,252
(Median)
$33K
$47K
$78K
MEDIAN: $46,914
10%
50%
90%

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$10.26 - $25.11
(Median)
$10
$17
$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
$33,031 - $78,252  
   
Bonus
$0.00 - $16,832  
Profit Sharing
$289.06 - $13,395  
Commission
$0.00 - $28,906  
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).
)
$31,797 - $81,759  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,444
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
$10.26 - $25.11  
   
Overtime
$14.08 - $36.98  
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 - $16,832  
   
Commission
$0.00 - $28,906  
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).
)
$31,797 - $81,759  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 212
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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 go on to become Business Development VPs may see their salaries climb quite a bit. Median pay for Business Development VPs is $145K annually. Business Development Associates most often move into positions as Business Development Managers or Business Development Directors; those groups report median salaries that are $30K higher and $63K higher, respectively.

Business Development Associate Job Listings

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Popular Skills for Business Development Associate


Business Development Associates seem to require a rather large skill set. 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, 8 percent, and 7 percent, respectively. At the other end of the pay range are skills like Fundraising, Marketing Communications, and Microsoft Word. The majority of those who know Business Development also know Market Research and Sales. Those who learned Customer Relationship Management also tend to 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.


More years of relevant experience do not necessarily translate to higher paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $46K, but folks who have racked up five to 10 years see a notably higher median of $60K. People with 10 to 20 years of experience make an average of about $61K in this role. As Business Development Associates reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $66K.

Pay Difference by Location


San Jose is home to an above-average pay rate for Business Development Associates, 25 percent higher than the national average. Business Development Associates can also look forward to large paychecks in cities like Houston (+17 percent), San Francisco (+16 percent), New York (+15 percent), and Austin (+12 percent). San Diego is home to the smallest salaries in the field, lagging the national average by 13 percent. Employers pay around 13 percent less in Dallas and 9 percent less in Philadelphia, below-median salaries for those in this field.

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
$48,000


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
$48,000

Market Research
up arrow 1%

Microsoft Excel
up arrow 1%

Sales
up arrow 2%

Strategic Marketing
up arrow 4%

Powerpoint
up arrow 5%


Microsoft Word
up arrow 11%


Fundraising
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 218 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
12%
1-4 years
62%
5-9 years
17%
10-19 years
6%
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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