Business Development Executive Salary

Around half of Business Development Executives in the United States have been in the field for more than 10 years. Pay can fall anywhere from $41K to $168K per year, but median earnings come to around $70K per year. In the world of Business Development Executives, total cash compensation can vary between $41K and $168K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $49K and $29K, respectively. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Business Development Executives. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.

$38,859 - $149,035
$39K
$70K
$150K
MEDIAN: $70,330
10%
50%
90%

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$12.00 - $54.10
$12
$22
$54
MEDIAN: $22.10
10%
50%
90%

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$0$168K
Salary $38,859 - $149,035
Bonus $1,460 - $49,426
Profit Sharing $201.34 - $29,361
Commission $4,953 - $49,986
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).
)
$40,675 - $168,224
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 460
Hourly Data $0$56
Hourly Rate $12.00 - $54.10
Overtime $32.43
Annual Data $0$168K
Bonus $1,460 - $49,426
Commission $4,953 - $49,986
Profit Sharing $201.34 - $29,361
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).
)
$40,675 - $168,224
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 19

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United States (change)

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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

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

Common Career Paths for Business Development Executive


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Business Development Executives who go on to become Business Development VPs may see their salaries climb quite a bit. Median pay for Business Development VPs is $147K annually.

Business Development Executive Job Listings

Popular Skills for Business Development Executive


Survey takers working as Business Development Executives report using a large range of professional skills. Most notably, facility with Strategic Planning, Technical Sales, and Strategic Sales are correlated to pay that is significantly above average, leading to increases of 88 percent, 31 percent, and 9 percent, respectively. Those listing Marketing Communications as a skill should be prepared for drastically lower pay. Customer Relationship Management and Sales also typically command lower compensation. Those familiar with New Business Development also tend to know Business Development.

Pay by Experience Level for Business Development Executive

Pay by Experience for a Business Development Executive has a positive trend. An entry-level Business Development Executive with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 174 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Executive with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $81,000 based on 141 salaries. An experienced Business Development Executive which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $107,000 based on 158 salaries. A Business Development Executive with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $138,000 based on 73 salaries.

Pay Difference by Location

National Average: $81,513

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Business Development Executives, San Francisco offers exceptional salaries, 47 percent above the national average. Business Development Executives will also find cushy salaries in Houston (+47 percent), Philadelphia (+23 percent), Atlanta (+17 percent), and Denver (+14 percent). The lowest-paying market is Nashville, which sits 33 percent below the national average, proving that location is a significant contributor to overall pay. Workers in Boston and Cincinnati earn salaries that trail the national average for those in this profession (24 percent less and 22 percent less, respectively).

Business Development Executive Reviews

Q: What is it like working as a Business Development Executive?

Business Development Executive in Nairobi:
Pros: Its everything I have ever wanted to do.
Cons: Poor salary, long working hours,

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

Key Stats for Business Development Executive

Gender

Female
41 %
Male
59 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.
Less than 1 year
3%
1-4 years
28%
5-9 years
20%
10-19 years
32%
20 years or more
19%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Executive Salaries

▲69%

▲31%

National Average
$82,000

▼1%

▼28%

Skills That Affect Business Development Executive Salaries

Strategic Planning
▲88%

Technical Sales
▲31%



Sales Management
▲1%

National Average
$82,000



Account Management
▼31%

Sales
▼39%

Customer Relationship Management (CRM)
▼45%

Marketing Communications
▼48%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
3%
1-4 years
28%
5-9 years
20%
10-19 years
32%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 72%
vision benefits
Vision: 60%
no benefits
None: 15%
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