Business Development Manager in Minneapolis, Minnesota Salary

Minneapolis Business Development Managers are often veterans in their line of work, with about three in five bringing more than 10 years of experience to the table. Salaries slide in at $70K annually on average but can range from $55K to $125K per year. Male Business Development Managers in Minneapolis, Minn. are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. For the most part, people in this position report moderate levels of job satisfaction. Unfortunately, some people in this line of work are without benefits — just over a fifth lack coverage. On the flip side, a strong majority have medical insurance and more than half receive dental plans. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$51,294 - $112,039
$51K
$70K
$110K
MEDIAN: $69,771
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
$51,294 - $112,039  
   
Bonus
$0.00 - $40,515  
Profit Sharing
$4,500  
Commission
$20,488  
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).
)
$54,812 - $124,760  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 62
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About Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Business Development Manager Job Listings

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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.


Minneapolis Business Development Managers who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $59K on average, but those with five to 10 years of experience enjoy a much bigger median of $93K. Business Development Managers in Minneapolis, Minn. claiming one to two decades of experience make an estimated median of $95K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $98K on average.

Key Stats for Business Development Manager

Gender

Female
28 %
Male
72 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
13%
10-19 years
39%
20 years or more
22%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Manager Salaries

▲11%

▲7%

Mid-Career
▲5%

National Average
$88,000

▼33%

Skills That Affect Business Development Manager Salaries

Financial Analysis
▲29%

Microsoft Office
▲16%

Account Sales
▲14%


Sales Management
▲8%


Sales
▲3%

Strategic Sales
▲3%

Technical Sales
▲3%


Strategic Planning
▼0%

National Average
$88,000

Microsoft Word
▼6%

Project Management
▼9%

Powerpoint
▼19%

Microsoft Excel
▼20%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
13%
10-19 years
39%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 70%
vision benefits
Vision: 51%
dental benefits
None: 23%
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