Business Development Consultant Salary

Business Development Consultants in the United States take home approximately $62K per year on average. Final cash compensation to Business Development Consultants varies from around $38K to approximately $194K; choice pay grades include potential for bonuses and profit sharing as high as $28K and $10K, respectively. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Women are just slightly outnumbered, with male Business Development Consultants making up 59 percent of survey respondents. Unfortunately, some people in this line of work are without benefits — slightly less than a third lack coverage. On the flip side, the larger part have medical insurance and the greater part receive dental plans. Job satisfaction for Business Development Consultants is high. The data in this summary comes from the PayScale salary survey.

$38,046 - $119,059
(Median)
$38K
$62K
$120K
MEDIAN: $62,383
10%
50%
90%

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$14.98 - $195.74
(Median)
$15
$65
$200
MEDIAN: $64.00
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
$38,046 - $119,059  
   
Bonus
$0.00 - $27,933  
Profit Sharing
$993 - $10,304  
Commission
$1,957 - $66,384  
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).
)
$38,272 - $193,692  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 222
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
$14.98 - $195.74  
   
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 - $27,933  
   
Commission
$1,957 - $66,384  
Profit Sharing
$993 - $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).
)
$38,272 - $193,692  
Country: United States | Currency: USD | Updated: 31 Mar 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 who responded to the survey indicated only a few skills that they use on the job. Most notably, facility with Strategic Planning and Business Development are correlated to pay that is significantly above average, leading to increases of 26 percent and 5 percent, respectively. Those familiar with Business Development also tend to know Research Analysis.

Pay by Experience Level for Business Development Consultant

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


Business Development Consultants with a rich background of experience are typically rewarded with larger paychecks. Salaries for inexperienced workers average out to $81K, and those with five to 10 years' experience earn a higher median of $59K. Business Development Consultants claiming one to two decades of experience make an estimated median of $98K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $150K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

United States (change)

Experience Affects Business Development Consultant Salaries

Late-Career
up arrow 98%


Mid-Career
up arrow 7%

National Average
$76,000


Skills That Affect Business Development Consultant Salaries

Strategic Planning
up arrow 26%


Research Analysis
up arrow 2%

National Average
$76,000

Customer Relationship Management (CRM)
up arrow 1%

Sales
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
41 %
Male
59 %

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: 66% dental benefits Dental: 57%
vision benefits Vision: 48% employee benefits None: 31%