Business Development Executive Salary

Business Development Executives in the United States with more than 10 years of experience in their profession represent close to one-half of Business Development Executives. Salaries average out to around $68K annually and spread from $39K to $155K per year. 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 $155K on the high end. Geography is the biggest factor affecting pay for this group, followed by career duration. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Business Development Executives who participated in the survey are largely men, dominating at 67 percent. Most workers in this position report high levels of job satisfaction.

$36,244 - $129,032
(Median)
$36K
$68K
$130K
MEDIAN: $68,179
10%
50%
90%

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$9.00 - $75.00
(Median)
$9
$18
$75
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
$36,244 - $129,032  
   
Bonus
$0.00 - $40,163  
Profit Sharing
$993 - $39,149  
Commission
$630 - $71,954  
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).
)
$38,675 - $154,834  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 475
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
$9.00 - $75.00  
   
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 - $40,163  
   
Commission
$630 - $71,954  
Profit Sharing
$993 - $39,149  
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).
)
$38,675 - $154,834  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 24
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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' salary tends to stay somewhat level for those who assume higher-end positions like Business Development Manager. Median pay for Business Development Managers is $79K.

Business Development Executive Job Listings

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Popular Skills for Business Development Executive


Business Development Executives report using a pretty varied skill set on the job. Most notably, skills in Strategic Sales, Business Development, New Business Development, and Account Sales are correlated to pay that is above average. Those listing Sales as a skill should be prepared for drastically lower pay. Account Management and Account Sales also typically command lower compensation. The majority of those who know 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 and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Relatively untried employees who have less than five years' experience have a median salary of $58K. Those who have been around for five to 10 years can expect to take home more — $72K on average. Business Development Executives with one to two decades of relevant experience report an average salary of approximately $98K. 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 $115K.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for Business Development Executives, 80 percent above the national average. Business Development Executives can also look forward to large paychecks in cities like Washington (+58 percent), Atlanta (+34 percent), Denver (+30 percent), and Boston (+18 percent). The lowest-paying market is Phoenix, which sits 24 percent below the national average, proving that location is a significant contributor to overall pay. Employers also pay below the national average in Cincinnati (19 percent lower) and Los Angeles (14 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

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Experience Affects Business Development Executive Salaries



National Average
$76,000



Skills That Affect Business Development Executive Salaries


Business Development
up arrow 1%

New Business Development
0%

National Average
$76,000


Account Management
up arrow 22%

Sales
up arrow 34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
28%
5-9 years
20%
10-19 years
30%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 70%
vision benefits Vision: 55% employee benefits None: 14%
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