Business Development Manager in Minneapolis, Minnesota Salary

Earnings for Business Development Managers in Minneapolis come in at around $78K per year on average. Total cash earnings of Business Development Managers in Minneapolis, Minn. range from $42K near the bottom to $135K near the top, where some exceptional performers can get $36K each from bonuses and profit sharing, plus, in very few cases, commissions exceeding $25K. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to nearly one-half. Male Minneapolis Business Development Managers are more prevalent than women among those who took the survey — 68 percent of professionals. Job satisfaction for Business Development Managers in Minneapolis is high. The numbers in this rundown were provided by PayScale's salary survey participants.

$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.


Minneapolis Business Development Managers with a lot of experience tend to enjoy higher earnings. The average beginner in this position makes around $54K, but folks who have been around for five to 10 years see a markedly higher median salary of $88K. Business Development Managers in Minneapolis, Minn. with one to two decades of relevant experience report an average salary of approximately $98K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of 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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