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Business Development Manager Salary in Minneapolis, Minnesota

Median pay for Minneapolis Business Development Managers is around $75K annually. Total cash compensation varies widely depending on the individual performance of Business Development Managers in Minneapolis, Minn.. Generally sitting in the range of $41K to $132K, the final number can include almost $34K each from bonuses and profit sharing and commissions of $41K in exceptional cases. Job satisfaction is reported as high by the vast majority of workers. Most Business Development Managers in Minneapolis survey respondents are men (70 percent). Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to just under a half. This overview is based on answers to PayScale's salary questionnaire.
$39,523 - $106,457
(Median)
40K
54K
75K
95K
110K
MEDIAN: $75,092
10%
25%
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
$39,523 - $106,457  
   
Bonus
$2,043 - $34,255  
Profit Sharing
$507 - $34,521  
Commission
$0.00 - $41,217  
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).
)
$41,197 - $132,348  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 80
United States (change)

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Pay by Experience Level for Business Development Manager in Minneapolis, Minnesota

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


Experience seems to be a major factor in determining the incomes of Business Development Managers in Minneapolis, Minn. Workers in their first five years can expect to earn $51K, but people who have been around for five to 10 years earn a noticeably bigger sum of $86K. The average pay reported by folks with 10 to 20 years of experience is around $94K. Business Development Managers in Minneapolis who have spent more than 20 years on the job report earning a significantly higher median of $104K.

Experience Affects Business Development Manager in Minneapolis, Minnesota Salaries

Late-Career
up arrow 21%

Experienced
up arrow 10%

Mid-Career
up arrow 1%

National Average
$86,000

Entry-Level
up arrow 40%

Skills That Affect Business Development Manager in Minneapolis, Minnesota Salaries

Financial Analysis
up arrow 33%

Project Management
up arrow 17%

National Average
$86,000

Sales Management
up arrow 3%

Technical Sales
up arrow 5%

Account Sales
up arrow 6%

New Business Development
up arrow 11%

Strategic Planning
up arrow 12%

Customer Relationship Management (CRM)
up arrow 17%

Account Management
up arrow 18%

Sales
up arrow 24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
24%
10-19 years
33%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 46% employee benefits None: 11%