Business Development Consultant Salary

Business Development Consultants in the United States can expect to earn an average of $59K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. More than half of Business Development Consultants (64 percent) survey respondents are men. Job satisfaction for Business Development Consultants is high. Nearly two in five of professionals in this line of work do not receive benefits; however, the larger part report medical coverage and approximately one-half claim dental coverage as well. This report is based on answers to PayScale's salary questionnaire.

$37,979 - $121,567
$38K
$59K
$120K
MEDIAN: $58,528
10%
50%
90%

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$11.23 - $185.96
$11
$45
$190
MEDIAN: $45.00
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$60K$120K$180K
Salary
$37,979 - $121,567  
   
Bonus
$979 - $25,285  
Profit Sharing
$2,449  
Commission
$2,433 - $60,608  
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).
)
$37,726 - $176,814  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 128
© PayScale, Inc. @ www.payscale.com
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$70$140$210
Hourly Rate
$11.23 - $185.96  
   
Overtime
$36.00  
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$140K$280K$420K
Bonus
$979 - $25,285  
   
Commission
$2,433 - $60,608  
Profit Sharing
$2,449  
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).
)
$37,726 - $176,814  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 32
© PayScale, Inc. @ www.payscale.com

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United States (change)

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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

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

Business Development Consultant Job Listings

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Popular Skills for Business Development Consultant


Survey results suggest that Business Development Consultants use a fairly large toolkit of professional skills. Most notably, facility with Strategic Planning and Research Analysis are correlated to pay that is significantly above average, leading to increases of 23 percent and 15 percent, respectively. Skills that seem to negatively impact pay include Sales and Customer Relationship Management. Most people skilled in Business Development are similarly competent in 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. Average salaries for inexperienced employees average out to around $58K, but folks who have five to 10 years of experience earn a higher median of $74K. Business Development Consultants who work for 10 to 20 years in their occupation tend to earn about $100K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $113K.

Pay Difference by Location

National Average: $71,672

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 40 percent, Business Development Consultants in Seattle receive some of the highest pay in the country. Business Development Consultants can also look forward to large paychecks in cities like Los Angeles (+24 percent), San Francisco (+24 percent), San Antonio (+12 percent), and Atlanta (+11 percent). Business Development Consultants' salaries are heavily influenced by location — Business Development Consultants in Dallas bring in salaries that are 34 percent lower than the national average. A couple other locations with smaller-than-average paychecks include Chicago (29 percent lower) and Austin (27 percent lower).

Related Job Salaries

Key Stats for Business Development Consultant

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
Less than 1 year
3%
1-4 years
31%
5-9 years
28%
10-19 years
22%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Consultant Salaries

▲58%

▲39%

▲3%

National Average
$72,000

▼19%

Skills That Affect Business Development Consultant Salaries

Strategic Planning
▲23%



National Average
$72,000


▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
28%
10-19 years
22%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 49%
vision benefits
Vision: 46%
dental benefits
None: 39%
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