Business Development Executive Salary

Business Development Executives in the United States tend to have a good amount of experience under their belt — just over a half have more than 10 years in the field. While pay runs from $39K to $154K per year, median earnings come to $68K per year. Total cash compensation varies widely depending on the individual performance of Business Development Executives. Generally sitting in the range of $39K to $154K, the final number can include almost $41K each from bonuses and profit sharing and commissions of $49K in exceptional cases. Location and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Male Business Development Executives who responded to the survey are more common than women; more than half (67 percent) are men.

$36,312 - $129,259
(Median)
$36K
$68K
$130K
MEDIAN: $67,923
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
$36,312 - $129,259  
   
Bonus
$0.00 - $40,525  
Profit Sharing
$993 - $39,149  
Commission
$518 - $49,316  
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).
)
$38,614 - $153,615  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 472
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 - $40,525  
   
Commission
$518 - $49,316  
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).
)
$38,614 - $153,615  
Country: United States | Currency: USD | Updated: 2 Jul 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 wide range of professional skills. Most notably, skills in Strategic Sales, New Business Development, 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. For most people, competency in Business Development indicates knowledge of 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, more experience generally translates to higher pay. Salaries for inexperienced workers average out to $71K, and those with five to 10 years' experience earn a higher median of $58K. Business Development Executives who work for 10 to 20 years in their occupation tend to earn about $97K. Business Development Executives who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $115K on average.

Pay Difference by Location


For Business Development Executives, busy San Francisco offers a higher-than-average pay rate, 81 percent above the national average. Business Development Executives will also find cushy salaries in Washington (+59 percent), Atlanta (+35 percent), Denver (+31 percent), and Boston (+17 percent). Location is a huge contributor to overall pay, with Business Development Executives in Phoenix earning a whopping 23 percent below the national average. A couple other locations with smaller-than-average paychecks include Cincinnati (19 percent lower) and Los Angeles (13 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
$75,000



Skills That Affect Business Development Executive Salaries


Business Development
0%

New Business Development
0%

National Average
$75,000


Account Management
up arrow 21%

Sales
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 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
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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