Business Development Executive Salary

With roughly one-half of Business Development Executives in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Business Development Executives is $69K annually and can range from $39K on the lower end to $160K per year near the higher end. Total cash incomes of Business Development Executives run from $39K to $160K, depending on bonuses that can occasionally exceed $48K, profit sharing that reaches $26K, and some commissions of nearly $59K. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Most workers in this position report high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of Business Development Executives (66 percent) survey respondents are male.

$36,530 - $139,813
(Median)
$37K
$69K
$140K
MEDIAN: $68,702
10%
50%
90%

Add this chart to your site: 640px    300px

$9.74 - $74.24
(Median)
$9
$18
$74
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$36,530 - $139,813  
   
Bonus
$482.88 - $48,288  
Profit Sharing
$974 - $26,356  
Commission
$1,021 - $59,197  
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).
)
$38,637 - $160,139  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 564
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30$60$90
Hourly Rate
$9.74 - $74.24  
   
Overtime
$36.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$482.88 - $48,288  
   
Commission
$1,021 - $59,197  
Profit Sharing
$974 - $26,356  
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).
)
$38,637 - $160,139  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 27
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Business Development Executive

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

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Many Business Development Executives move into a Business Development Manager role, which does not lead to a big boost in pay. Business Development Managers on average bring in a similar salary to Business Development Executives.

Business Development Executive Job Listings

Search for more jobs:

Popular Skills for Business Development Executive


Business Development Executives report using a diverse set of skills 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 Marketing Communications also typically command lower compensation. Most people 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. Folks with fewer than five years of experience take home $59K on average, and those who have worked for five to 10 years see a bigger median salary of $74K. Business Development Executives claiming one to two decades of experience make an estimated median of $99K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $120K.

Pay Difference by Location

National Average: $76,033

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

For Business Development Executives, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Business Development Executives can also look forward to large paychecks in cities like Washington (+57 percent), Atlanta (+45 percent), San Diego (+32 percent), and Seattle (+32 percent). Business Development Executives in Phoenix report much lower salaries than the rest of the country — 24 percent below the national average — proving that residence is a major factor in overall pay. Employers also pay below the national average in Cincinnati and Los Angeles (16 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)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Business Development Executive Salaries



National Average
$76,000



Skills That Affect Business Development Executive Salaries

Strategic Sales
up arrow 4%

National Average
$76,000

Business Development
up arrow 1%

New Business Development
up arrow 2%


Marketing Communications
up arrow 22%

Account Management
up arrow 23%

Sales
up arrow 34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 76 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 71%
medical benefits
Vision: 56%
dental benefits
None: 14%
ADVERTISEMENT