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Business Development Executive Salary

Business Development Executives in the United States are often veterans in their line of work, with a little over a half bringing more than 10 years of experience to the table. Salaries slide in at $68K annually on average but can range from $39K to $153K per year. Including potential for bonuses and profit sharing, each hitting highs of $40K, total cash payment to Business Development Executives can bottom out at $39K or peak near $153K. Location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to most, and a strong majority 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.

$36,069 - $128,464
(Median)
$36K
$68K
$130K
MEDIAN: $68,195
10%
50%
90%

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$8.36 - $75.25
(Median)
$8
$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
$36,069 - $128,464  
   
Bonus
$0.00 - $40,233  
Profit Sharing
$1,014 - $40,268  
Commission
$522 - $63,616  
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).
)
$38,584 - $153,265  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 461
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
$8.36 - $75.25  
   
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 - $40,233  
   
Commission
$522 - $63,616  
Profit Sharing
$1,014 - $40,268  
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).
)
$38,584 - $153,265  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 23
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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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For Business Development Executives, career advancements do not tend to correlate with a rise in salary. On average, lower-level Business Development Executives earn similar salaries to those in higher-end positions like Business Development Manager.

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. Sales and Account Sales, on the other hand, are typically associated with much lower pay. 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Salaries for inexperienced workers average out to $72K, and those with five to 10 years' experience earn a higher median of $58K. The average pay reported by folks with 10 to 20 years of experience is around $97K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $108K.

Pay Difference by Location


With a pay rate for Business Development Executives that is 80 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Business Development Executives can also look forward to large paychecks in cities like Washington (+64 percent), Atlanta (+33 percent), Seattle (+29 percent), and Dallas (+24 percent). Location is a huge contributor to overall pay, with Business Development Executives in Phoenix earning a whopping 24 percent below the national average. Employers also pay below the national average in Cincinnati (21 percent lower) and Houston (11 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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Find Out Exactly What You Should Be Paid

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Comp Managers: Start Here »

Experience Affects Business Development Executive Salaries



National Average
$76,000



Skills That Affect Business Development Executive Salaries


Business Development
0%

National Average
$76,000

New Business Development
up arrow 1%


Sales
up arrow 34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 70 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
31%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 70%
vision benefits Vision: 54% employee benefits None: 14%
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