Business Development Consultant Salary

Median pay for Business Development Consultants in the United States lies in the neighborhood of $62K per year. Cash earnings for Business Development Consultants — including $29K in bonuses and $12K in profit sharing proceeds near the top of the pay scale — generally stretch from $39K to $201K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Although a majority have medical coverage and the greater part have dental coverage, one-third claim no health benefits at all. Male Business Development Consultants are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 57 percent of the field. Job satisfaction is high and work is enjoyable for most Business Development Consultants. This overview is based on answers to PayScale's salary questionnaire.

$38,861 - $119,693
(Median)
$39K
$62K
$120K
MEDIAN: $62,231
10%
50%
90%

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$15.18 - $200.44
(Median)
$15
$65
$200
MEDIAN: $65.00
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$70K$140K$210K
Salary
$38,861 - $119,693  
   
Bonus
$0.00 - $28,746  
Profit Sharing
$993 - $11,778  
Commission
$2,027 - $65,436  
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).
)
$39,263 - $200,650  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 215
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$1.7K$3.4K$5.1K
Hourly Rate
$15.18 - $200.44  
   
Overtime
$0.00 - $4,848  
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$5M$10M$15M
Bonus
$0.00 - $28,746  
   
Commission
$2,027 - $65,436  
Profit Sharing
$993 - $11,778  
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).
)
$39,263 - $200,650  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 68
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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 typically list a handful of skills they use on the job. Most notably, facility with Strategic Planning and Research Analysis are correlated to pay that is significantly above average, leading to increases of 25 percent and 7 percent, respectively. The majority of those who know Business Development also know Research Analysis.

Pay by Experience Level for Business Development Consultant

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Folks with fewer than five years of experience take home $59K on average, and those who have worked for five to 10 years see a bigger median salary of $80K. The average pay reported by folks with 10 to 20 years of experience is around $97K. Business Development Consultants who have spent more than 20 years on the job report earning a significantly higher median of $154K.

Related Job Salaries

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Experience Affects Business Development Consultant Salaries



Mid-Career
up arrow 5%

National Average
$76,000


Skills That Affect Business Development Consultant Salaries

Strategic Planning
up arrow 25%


Business Development
up arrow 3%

National Average
$76,000

Customer Relationship Management (CRM)
up arrow 1%

Sales
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
5%
1-4 years
27%
5-9 years
23%
10-19 years
30%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 65% dental benefits Dental: 57%
vision benefits Vision: 48% employee benefits None: 32%
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