An average Business Development Consultant in the United States can expect to take home roughly $59K annually. Total incomes of Business Development Consultants incorporate potential for, in a few cases, more than $28K from bonuses and close to $15K from profit sharing; these performance components cause packages to range between $37K and $152K. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Men make up a slight majority of Business Development Consultants (58 percent) who responded to the survey. Job satisfaction is high and work is enjoyable for most Business Development Consultants. Health benefits are not claimed by all — nearly one in three lack any form of coverage — but more than half have medical insurance, and a little over a half have dental, too. This snapshot results from replies to PayScale's salary survey.

$36,703 - $107,987
$37K
$59K
$110K
MEDIAN: $59,097
10%
50%
90%

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$11.75 - $194.87
$12
$38
$190
MEDIAN: $37.00
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
$36,703 - $107,987  
   
Bonus
$970 - $27,575  
Profit Sharing
$0.00 - $15,152  
Commission
$2,384 - $69,926  
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).
)
$36,543 - $152,342  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 136
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
$11.75 - $194.87  
   
Overtime
$38.00  
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
$970 - $27,575  
   
Commission
$2,384 - $69,926  
Profit Sharing
$0.00 - $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).
)
$36,543 - $152,342  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 34

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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.

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Popular Skills for Business Development Consultant


Survey takers who work as Business Development Consultants typically report just a few professional skills. Most notably, facility with Strategic Planning and Business Development are correlated to pay that is significantly above average, leading to increases of 24 percent and 5 percent, respectively. At the other end of the pay range are skills like Research Analysis. 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Relatively untried employees who have less than five years' experience make $57K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $75K. After working for 10 to 20 years, Business Development Consultants make a median salary of $84K. Survey participants who have worked for more than two decades report bringing in $100K on average.

Related Job Salaries

Key Stats for Business Development Consultant

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
Less than 1 year
4%
1-4 years
32%
5-9 years
28%
10-19 years
19%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Consultant Salaries




National Average
$71,000


Skills That Affect Business Development Consultant Salaries

Strategic Planning
up arrow 24%


National Average
$71,000

Customer Relationship Management (CRM)
up arrow 2%

Sales
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
28%
10-19 years
19%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 53%
vision benefits
Vision: 48%
dental benefits
None: 33%
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