Business Development Consultant Salary

Median pay for Business Development Consultants in the United States is around $61K annually. Including potential for bonuses and profit sharing — peaking near $29K and $15K, respectively — total cash payment to Business Development Consultants can bottom out near $39K or peak near $191K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Men make up a slight majority of Business Development Consultants (58 percent) who responded to the survey. Although slightly less than a third lack health benefits of any kind, a majority do enjoy medical insurance, and the larger part get dental coverage, too. The majority of Business Development Consultants claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$39,234 - $118,480
(Median)
$39K
$61K
$120K
MEDIAN: $61,031
10%
50%
90%

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$15.14 - $201.34
(Median)
$15
$65
$200
MEDIAN: $64.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$39,234 - $118,480  
   
Bonus
$0.00 - $29,362  
Profit Sharing
$-0.50 - $15,152  
Commission
$2,051 - $68,956  
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).
)
$39,081 - $190,849  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 226
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$1.7K$3.4K$5.1K
Hourly Rate
$15.14 - $201.34  
   
Overtime
$0.00 - $4,848  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$5M$10M$15M
Bonus
$0.00 - $29,362  
   
Commission
$2,051 - $68,956  
Profit Sharing
$-0.50 - $15,152  
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).
)
$39,081 - $190,849  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 66
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Job Description for Business Development Consultant

Business development consultants work with businesses to help them open and function successfully. In most cases, a business development consultant works with new companies to assist them in finding successful, effective initial strategies; often, the consultant works with them before opening to develop a foundation for their business and create a plan to help them succeed. At times, the consultant also works with established companies to help move them in new directions or get back on track.

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Business Development Consultant Tasks

  • Collaborate with other teams to develop and refine products and pitches about products.
  • Promote products and services through targeted outreach efforts.
  • Strengthen and expand relationships with clients, maintain contact, and sell upgrades and new products.
  • Track performance and client statistics.

Business Development Consultant Job Listings

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Popular Skills for Business Development Consultant


Business Development Consultants report using a pretty varied skill set on the job. Fortunate workers who know Strategic Planning can expect a significant pay bump, scoring salaries 26 percent above average. Skills that are correlated to lower pay, on the other hand, include Customer Relationship Management and Sales. It is often found that people who know Business Development are also skilled in Research Analysis.

Pay by Experience Level for Business Development Consultant

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


Business Development Consultants with a rich background of experience are typically rewarded with larger paychecks. Relatively untried employees who have less than five years' experience have a median salary of $60K. Those who have been around for five to 10 years can expect to take home more — $80K on average. On average, Business Development Consultants make $92K following one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $150K.

Related Job Salaries

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Experience Affects Business Development Consultant Salaries




National Average
$75,000


Skills That Affect Business Development Consultant Salaries

Strategic Planning
up arrow 26%

Research Analysis
up arrow 3%

Business Development
up arrow 1%

National Average
$75,000

Sales
up arrow 4%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
4%
1-4 years
29%
5-9 years
23%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 56%
medical benefits
Vision: 50%
dental benefits
None: 31%
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