Business Development Coordinator Salary
The average Business Development Coordinator in the United States can expect to rake in roughly $45K per year. In the world of Business Development Coordinators, total cash compensation can vary between $32K and $66K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $6K and $5K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Business Development Coordinators is high. Female Business Development Coordinators make up most of the survey respondents at 73 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.
Job Description for Business Development Coordinator
Most of the time, business development coordinators work in an office full-time. Their jobs are to continuously generate new clients or new sales leads for their company and to maintain good relationships with existing clients.Read More...
Employers often require that business development coordinators have a bachelor’s degree in marketing, management, finance, or business. However, some companies may accept candidates with significant years of experience as business development coordinators in lieu of a bachelor's degree requirement. They must be proficient in Microsoft Office and their organizations' computer system.
Business development coordinators must be motivated. They must be comfortable in communicating with new or existing clients, via phone or email or in person. They must be dedicated, be able to meet deadlines, and be able to work independently. They must have an analytical aptitude to solve complex problems. They must be able to work well in a team environment. Business development coordinators must have excellent communication skills, both orally and in writing. They must be personable and must ensure excellent customer service. They must understand thoroughly the products and services that their company is selling. They must be comfortable in making presentation using various tools, such as PowerPoint slides. They may be required to travel to meet prospective or existing clients. They may have to train, coach, and mentor new or more junior business development coordinators. They may have to keep up to date with government rules and regulations relevant to their industry. They may have to attend conferences.
Business Development Coordinator Tasks
- Follow up with potential clients and address their hesitations or concerns.
- Work with sales teams and clients to develop effective operational plans and bids.
- Research, develop, and write cost estimates and proposals, including assumptions.
- Manage logistics of responses and pitches, including arranging meetings and coordinating with other departments.
Business Development Coordinator Job Listings
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Popular Skills for Business Development Coordinator
Business Development Coordinators report using a deep pool of skills on the job. Most notably, skills in Project Management, Proposal Writing, Event Planning, and Market Research are correlated to pay that is above average. Skills that seem to negatively impact pay include Request For Proposal Creation and Sales. For most people, competency in Business Development indicates knowledge of Marketing Communications and Market Research. Those familiar with Project Management tend to be well versed in Market Research.
Pay by Experience Level for Business Development Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Business Development Coordinators, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $44K on average, but those with five to 10 years of experience enjoy a much bigger median of $53K. The average pay reported by folks with 10 to 20 years of experience is around $58K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $60K.
Pay Difference by Location
For Business Development Coordinators, busy Boston offers a higher-than-average pay rate, 20 percent above the national average. Business Development Coordinators will also find cushy salaries in Dallas (+19 percent), Orlando (+14 percent), San Francisco (+9 percent), and Miami (+7 percent). Trailing the national average by 2 percent, Richmond is the market with the smallest paychecks.