Business Development Executive Salary

Business Development Executives in the United States are often veterans in their line of work, with over one-half bringing more than 10 years of experience to the table. Salaries slide in at $69K per year on average but can range from $39K to $154K per year. Final cash compensation to Business Development Executives varies from around $39K to approximately $154K; choice pay grades include potential for bonuses and profit sharing as high as $40K and $58K, respectively. Residence and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction for Business Development Executives is high. Male Business Development Executives who responded to the survey are more common than women; more than half (67 percent) are men. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to just over a half.

$36,412 - $129,443
(Median)
$36K
$69K
$130K
MEDIAN: $68,975
10%
50%
90%

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$8.26 - $75.76
(Median)
$8
$18
$76
MEDIAN: $18.00
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
$36,412 - $129,443  
   
Bonus
$0.00 - $40,210  
Profit Sharing
$1,600 - $57,500  
Commission
$636 - $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).
)
$39,289 - $154,163  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 444
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
$8.26 - $75.76  
   
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 - $40,210  
   
Commission
$636 - $66,384  
Profit Sharing
$1,600 - $57,500  
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).
)
$39,289 - $154,163  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 21

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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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For Business Development Executives, career advancements do not tend to correlate with a rise in salary. On average, lower-level Business Development Executives earn similar salaries to those in higher-end positions like Business Development Manager.

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Popular Skills for Business Development Executive


Survey results suggest that Business Development Executives put a wide range of professional skills to use. 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. Most people experienced in Business Development also know New Business Development.

Pay by Experience Level for Business Development Executive

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 Executives. Relatively untried employees who have fewer than five years of experience earn around $58K on average. People who have worked for five to 10 years can expect a higher median salary of $72K. For Business Development Executives, 10 to 20 years of experience on the job amounts to an average salary of $99K. 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


Surpassing the national average by 78 percent, Business Development Executives in San Francisco receive some of the highest pay in the country. Business Development Executives will also find cushy salaries in Washington (+62 percent), Atlanta (+50 percent), Seattle (+28 percent), and Denver (+25 percent). The lowest-paying market is San Diego, which sits 14 percent below the national average. Not at the bottom but still paying below the median are employers in Houston and Miami (12 percent lower and 3 percent lower, respectively).

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
$77,000



Skills That Affect Business Development Executive Salaries


Business Development
up arrow 2%

New Business Development
0%

National Average
$77,000


Sales
up arrow 35%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
26%
5-9 years
20%
10-19 years
30%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 70%
vision benefits Vision: 53% employee benefits None: 14%