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Business Development Consultant Salary

The average Business Development Consultant in the United States earns approximately $63K per year. With bonuses occasionally running north of $28K, profit sharing proceeds sometimes surpassing $10K, and a few commissions as high as $67K, total income for Business Development Consultants can range between $39K and $204K according to individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Most Business Development Consultants report high levels of job satisfaction. Women are just slightly outnumbered, with male Business Development Consultants making up 58 percent of survey respondents. Health benefits are not claimed by all — roughly a third lack any form of coverage — but a majority have medical insurance, and the larger part have dental, too. The data for this synopsis comes from respondents who took the PayScale salary survey.

$38,663 - $119,430
(Median)
$39K
$63K
$120K
MEDIAN: $63,357
10%
50%
90%

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$15.00 - $195.18
(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
$38,663 - $119,430  
   
Bonus
$0.00 - $28,383  
Profit Sharing
$986 - $10,332  
Commission
$1,939 - $66,910  
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).
)
$38,620 - $203,821  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 218
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$900$1.8K$2.7K
Hourly Rate
$15.00 - $195.18  
   
Overtime
$0.00 - $2,688  
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$1.8M$3.6M$5.4M
Bonus
$0.00 - $28,383  
   
Commission
$1,939 - $66,910  
Profit Sharing
$986 - $10,332  
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).
)
$38,620 - $203,821  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 69

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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 usually report a few specific skills. Most notably, facility with Strategic Planning and Business Development are correlated to pay that is significantly above average, leading to increases of 25 percent and 3 percent, respectively. For most people, competency in Business Development indicates knowledge of 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. The average inexperienced worker earns $59K, and someone who has worked for five to 10 years can expect a bigger median salary of $80K. Business Development Consultants see a median salary of $97K after reaching one to two decades on the job. Professionals who have racked up more than two decades of experience enjoy comfortable salaries; at this stage, median wages are a cushy $152K.

Related Job Salaries

United States (change)

Experience Affects Business Development Consultant Salaries

Late-Career
up arrow 100%


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%

Research Analysis
up arrow 2%

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 45 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
5%
1-4 years
28%
5-9 years
22%
10-19 years
29%
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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