A Business Development Manager earns an average salary of $71,205 per year. A skill in Strategic Planning is associated with high pay for this job.
Business Development Manager Total Pay (?
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.
)
$39,915 - $116,829
(Median)
40K
52K
71K
94K
120K
MEDIAN: $71,204
10%
25%
50%
75%
90%
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Business Development Manager Total Pay (?
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.
)
$10.60 - $38.18
(Median)
11
18
25
38
MEDIAN: $18.00
10%
50%
75%
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$50K$100K$150K
Salary
$39,915 - $116,829  
   
Bonus
$504 - $26,614  
Profit Sharing
$977 - $14,535  
Commission
$0.00 - $40,032  
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).
)
$42,402 - $131,948  
PayScale
Country: United States | Currency: USD | Updated: 24 Apr 2014 | Individuals Reporting: 6,537
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$25$50$75
Hourly Rate
$10.60 - $38.18  
   
Overtime
$12.04 - $34.80  
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$50K$100K$150K
Bonus
$504 - $26,614  
   
Commission
$0.00 - $40,032  
Profit Sharing
$977 - $14,535  
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).
)
$42,402 - $131,948  
PayScale
Country: United States | Currency: USD | Updated: 24 Apr 2014 | Individuals Reporting: 6,537
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Job Description for Business Development Manager
A business development manager plays many different roles related to helping a business grow. One main duty of a business development manager is achieving revenue goals. An individual in this position must actively identify and generate prospects using strategies geared towards customers in their target markets. Maintaining good working relationships with current clients is key as well. This helps to increase client retention and to promote new sales and connections through referrals and references. Along those same lines, a business development manager must also find and develop new and existing referral sources from which successful referential relationships can be gained. A typical day in the life of a business development manager may include meeting with different company teams and establishing goals and strategies, meeting with clients to discuss business relationships, developing proposals for new strategies, etc. Business development managers are hired in almost any and every type of industry.
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Business Development Manager Tasks
  • Identify and develop new and existing referral sources to develop successful referring relationships.
  • Actively identify and generate prospects through strategic sales strategies focusing on customers in target markets.
  • Achieve revenue goals.
  • Maintain good working relationships with existing clients previously to enhance client retention and new sales through referrals and references.
Popular Skills for Business Development Manager
Pay by Experience Level for Business Development Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
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National Average
$80,000
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Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Business Development Manager Salaries

National Average
$80,000

Skills That Affect Business Development Manager Salaries

New Business Development
up arrow 4%
Powerpoint
up arrow 2%
National Average
$80,000
Account Management
up arrow 2%
Account Sales
up arrow 2%
Microsoft Excel
up arrow 2%
Project Management
up arrow 3%
Microsoft Office
up arrow 4%
up arrow 7%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 1463 votes.
Gender
Female
33%
female alumni
 
Male
67%
male alumni
Years of Experience
Less than 1 year
2%
1-4 years
27%
5-9 years
28%
10-19 years
30%
20 years or more
14%
Common Health Benefits
medical benefits Medical: 86% dental benefits Dental: 74%
vision benefits Vision: 59% employee benefits None: 12%
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