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Business Development Executive Salary

Business Development Executives who are practiced in their profession and carry more than 10 years of experience make up a little over a half of Business Development Executives. Pay fluctuates from $39K to $153K per year, but expected earnings average $68K annually. Incomes of Business Development Executives vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $40K cause paychecks to spread between $39K on the low end and $153K on the high end. Geographic location is the biggest factor affecting pay for this group, followed by experience level. The majority of Business Development Executives claim high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men account for the majority of Business Development Executives who responded to the questionnaire — 67 percent to be exact. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$36,128 - $128,117
(Median)
$36K
$68K
$130K
MEDIAN: $68,017
10%
50%
90%

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$8.30 - $75.50
(Median)
$8
$19
$76
MEDIAN: $19.00
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$60K$120K$180K
Salary
$36,128 - $128,117  
   
Bonus
$0.00 - $39,970  
Profit Sharing
$1,184 - $40,547  
Commission
$659 - $64,111  
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).
)
$38,884 - $153,421  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 457
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$30$60$90
Hourly Rate
$8.30 - $75.50  
   
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$60K$120K$180K
Bonus
$0.00 - $39,970  
   
Commission
$659 - $64,111  
Profit Sharing
$1,184 - $40,547  
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).
)
$38,884 - $153,421  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 22

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Job Description for Business Development Executive

Duties of a business development executive may vary, but typically include:

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Business Development Executive Tasks

  • Write business proposals and lead negotiation of contract terms.
  • Evaluate the benefits and risks of potential partnerships.
  • Develop positive business relationships with clients.
  • Identify and pursue new opportunities for business partnerships.

Common Career Paths for Business Development Executive


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Business Development Executives who transition into an upper level Business Development Manager position will not necessarily make much more than they do in their current role. The average Business Development Manager makes $79K a year.

Business Development Executive Job Listings

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Popular Skills for Business Development Executive


Just a handful of professional skills are reported by Business Development Executives who took the survey. Most notably, skills in Strategic Sales, Business Development, New Business Development, and Account Sales are correlated to pay that is above average. Sales and Account Sales as skills, however, tend to be associated with significantly smaller paychecks. It is often found that people who know Business Development are also skilled in New Business Development.

Pay by Experience Level for Business Development Executive

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


For many Business Development Executives, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have fewer than five years of experience earn around $57K on average. People who have worked for five to 10 years can expect a higher median salary of $73K. Business Development Executives with one to two decades of relevant experience report an average salary of approximately $96K. Business Development Executives who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $107K.

Pay Difference by Location


For Business Development Executives, busy San Francisco offers a higher-than-average pay rate, 80 percent above the national average. Business Development Executives can also look forward to large paychecks in cities like Washington (+64 percent), Atlanta (+34 percent), Seattle (+29 percent), and Boston (+21 percent). Business Development Executives in Phoenix take home the lowest salaries, earning a whopping 24 percent less than the national average. Employers also pay below the national average in Cincinnati (21 percent lower) and Houston (11 percent lower).

Business Development Executive Reviews

What is it like working as a Business Development Executive?

Business Development Executive in Puerto Rico:
"Defining What Business We Are In."
Pros: You have to get to be creative and analytic at the same time. I have to read a lot in order to have the answers and actually develop products that are not only sellable, but profitable.
Cons: Managing projects when people have large egos is very tough because I get motivated by results, others need recognition and importance to produce. Stress is high when deadlines are close and people lack commitment, I make sure the job gets done.

Related Job Salaries

United States (change)

Experience Affects Business Development Executive Salaries



National Average
$76,000



Skills That Affect Business Development Executive Salaries


Business Development
0%

New Business Development
0%

National Average
$76,000


Sales
up arrow 34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
20%
10-19 years
31%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 70%
vision benefits Vision: 54% employee benefits None: 14%
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