Business Development Manager in Minneapolis, Minnesota Salary

Median pay for Business Development Managers in Minneapolis, Minn. is around $78K per year. With bonuses and profit sharing proceeds each occasionally running north of $36K and a few commissions that surpass $25K, total incomes for Business Development Managers in Minneapolis generally vary between $42K and $135K according to individual performance. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Minneapolis Business Development Managers report high levels of job satisfaction. Male Business Development Managers in Minneapolis, Minn. are more prevalent than women among those who took the survey — 68 percent of professionals. This report is based on responses to the PayScale salary survey.

$39,627 - $105,703
(Median)
$40K
$78K
$110K
MEDIAN: $77,828
10%
50%
90%

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Local 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$50K$100K$150K
Salary
$39,627 - $105,703  
   
Bonus
$1,957 - $35,849  
Profit Sharing
$0.00 - $35,000  
Commission
$-0.50 - $25,083  
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).
)
$41,512 - $134,947  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 82
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Pay by Experience Level for Business Development Manager

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. Respondents with less than five years' experience take home $54K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $88K. On average, Business Development Managers in Minneapolis make $98K following one to two decades on the job. Minneapolis Business Development Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $104K.

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Experience Affects Business Development Manager Salaries

Late-Career
up arrow 18%

Experienced
up arrow 11%

Mid-Career
0%

National Average
$88,000

Entry-Level
up arrow 39%

Skills That Affect Business Development Manager Salaries

Financial Analysis
up arrow 30%

Microsoft Excel
up arrow 20%

Technical Sales
up arrow 8%

Account Sales
up arrow 4%

Project Management
up arrow 2%

Microsoft Office
0%

National Average
$88,000

Sales Management
up arrow 3%

New Business Development
up arrow 7%

Account Management
up arrow 14%

Strategic Planning
up arrow 14%

Customer Relationship Management (CRM)
up arrow 18%

Strategic Marketing
up arrow 22%

Sales
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
23%
10-19 years
30%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 77%
medical benefits
Vision: 49%
dental benefits
None: 10%
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