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Business Development Consultant Salary

The average Business Development Consultant in the United States can expect to rake in roughly $63K per year. The final incomes of Business Development Consultants generally vary between $40K and $191K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $26K, $10K, and $26K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Health benefits are not enjoyed by everyone in this line of work, and close to a third lack any coverage at all. Medical benefits are reported by the greater part and dental coverage is claimed by more than half. Male Business Development Consultants are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. Job satisfaction for Business Development Consultants is high. The numbers in this rundown were provided by PayScale's salary survey participants.
$39,169 - $120,535
(Median)
39K
63K
87K
120K
MEDIAN: $63,057
10%
50%
75%
90%

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$15.14 - $182.91
(Median)
15
64
130
180
MEDIAN: $63.00
10%
50%
75%
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
$39,169 - $120,535  
   
Bonus
$0.00 - $25,775  
Profit Sharing
$986 - $10,304  
Commission
$1,987 - $25,671  
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).
)
$39,775 - $191,206  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 239
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$110$220$330
Hourly Rate
$15.14 - $182.91  
   
Overtime
$0.00 - $309.13  
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$220K$440K$660K
Bonus
$0.00 - $25,775  
   
Commission
$1,987 - $25,671  
Profit Sharing
$986 - $10,304  
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).
)
$39,775 - $191,206  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 76
United States (change)

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


Survey results show that Business Development Consultants typically report just a few professional skills. Most notably, facility with Research Analysis and Business Development are correlated to pay that is significantly above average, leading to increases of 21 percent and 5 percent, respectively. Skills that seem to negatively impact pay include Sales. 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 seems to be a major factor in determining the incomes of Business Development Consultants. 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. After working for 10 to 20 years, Business Development Consultants make a median salary of $99K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $154K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

Experience Affects Business Development Consultant Salaries

Late-Career
up arrow 105%


Mid-Career
up arrow 6%

National Average
$75,000


Skills That Affect Business Development Consultant Salaries

Research Analysis
up arrow 21%


Customer Relationship Management (CRM)
0%

National Average
$75,000

Sales
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
5%
1-4 years
29%
5-9 years
22%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 65% dental benefits Dental: 57%
vision benefits Vision: 47% employee benefits None: 32%