Business Development Executive Salary

Business Development Executives who are practiced in their profession and carry more than 10 years of experience make up nearly one-half of Business Development Executives. Pay fluctuates from $39K to $154K per year, but expected earnings average $68K per year. With some bonuses approaching $41K and certain profit sharing proceeds approaching $39K, overall incomes of Business Development Executives spread between $39K and $154K depending on individual performance. Location and tenure each impact pay for this group, with the former having the largest influence. Most Business Development Executives like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Business Development Executives (66 percent) survey respondents are male.

$36,228 - $129,378

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$9.00 - $75.00

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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
$36,228 - $129,378  
   
Bonus
$-0.46 - $40,841  
Profit Sharing
$25.76 - $38,783  
Commission
$527 - $48,479  
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).
)
$38,560 - $153,715  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 480
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
$9.00 - $75.00  
   
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
$-0.46 - $40,841  
   
Commission
$527 - $48,479  
Profit Sharing
$25.76 - $38,783  
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).
)
$38,560 - $153,715  
Country: United States | Currency: USD | Updated: 18 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 who go on to become Business Development Managers may see somewhat stagnant compensation. On average, a Business Development Manager, an upper-level role, pays $79K.

Business Development Executive Job Listings

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Popular Skills for Business Development Executive


Business Development Executives generally report applying a varied skill set to their work. 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. Most people skilled in Business Development are similarly competent in New Business Development.

Pay by Experience Level for Business Development Executive

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Business Development Executives with a rich background of experience are typically rewarded with larger paychecks. Relatively untried employees who have less than five years' experience have a median salary of $57K. Those who have been around for five to 10 years can expect to take home more — $72K on average. Business Development Executives who work for 10 to 20 years in their occupation tend to earn about $97K. 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 $115K.

Pay Difference by Location


Business Development Executives will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 81 percent. Business Development Executives will also find cushy salaries in Washington (+53 percent), Atlanta (+40 percent), Denver (+31 percent), and Boston (+19 percent). Place of residence plays a huge part in a Business Development Executive's salary, with Phoenix Business Development Executives earning salaries that are 23 percent less than the national average. Employers in Cincinnati and Los Angeles also lean toward paying below-median salaries (18 percent lower and 13 percent lower, respectively).

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
up arrow 1%

New Business Development
up arrow 1%

National Average
$75,000


Account Management
up arrow 21%

Sales
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 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: 85% dental benefits Dental: 70%
vision benefits Vision: 55% employee benefits None: 14%
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