Business Development Executive Salary

Approximately half of Business Development Executives in the United States have been in the field for more than 10 years. Pay can fall anywhere from $39K to $160K per year, but median earnings come to around $69K per year. Total incomes of Business Development Executives incorporate potential for, in a few cases, more than $48K from bonuses and close to $26K from profit sharing; these performance components cause packages to range between $39K and $160K. Location and tenure each impact pay for this group, with the former having the largest influence. More than half of Business Development Executives (66 percent) survey respondents are men. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Business Development Executives like their work and job satisfaction is high.

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

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

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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
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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 who transition into an upper level Business Development Manager position will not necessarily make much more than they do in their current role. The average Business Development Manager makes $79K a year.

Business Development Executive Job Listings

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Popular Skills for Business Development Executive


Survey results imply that Business Development Executives put a diverse skill set to use. 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. Those familiar with Business Development also tend to 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 is an important factor influencing the compensation of Business Development Executives. Salaries for inexperienced workers average out to $74K, and those with five to 10 years' experience earn a higher median of $59K. For Business Development Executives, 10 to 20 years of experience on the job amounts to an average salary 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.

Business Development Executives will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 115 percent. Business Development Executives will also find cushy salaries in Washington (+57 percent), Atlanta (+45 percent), San Diego (+32 percent), and Seattle (+32 percent). Location is a huge contributor to overall pay, with Business Development Executives in Phoenix earning a whopping 24 percent below the national average. A couple other locations with smaller-than-average paychecks include 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

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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%
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