Business Development Manager Salary in Minneapolis, Minnesota

The average Minneapolis Business Development Manager earns approximately $76K per year. Overall cash earnings for Business Development Managers in Minneapolis, Minn. vary widely between $41K and $134K; for a few high rollers, the final number can encompass upwards of $35K each from bonuses and profit sharing proceeds. Men make up the majority of Business Development Managers in Minneapolis (68 percent) survey respondents. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of workers are highly satisfied with their job. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$39,418 - $108,966
(Median)
$39K
$76K
$110K
MEDIAN: $76,443
10%
50%
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
$39,418 - $108,966  
   
Bonus
$1,952 - $35,000  
Profit Sharing
$-0.50 - $35,235  
Commission
$0.00 - $25,283  
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).
)
$41,018 - $134,363  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 78

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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.


Minneapolis Business Development Managers with a lot of experience tend to enjoy higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $51K, but folks who have racked up five to 10 years see a notably higher median of $87K. Business Development Managers in Minneapolis who work for 10 to 20 years in their occupation tend to earn about $92K. Professionals with deep experience (more than 20 years) report prosperous salaries in six-figure territory; the median for this crowd is approximately $109K.

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Experience Affects Business Development Manager in Minneapolis, Minnesota Salaries

Late-Career
up arrow 26%

Experienced
up arrow 6%

Mid-Career
0%

National Average
$86,000

Entry-Level
up arrow 41%

Skills That Affect Business Development Manager in Minneapolis, Minnesota Salaries

Financial Analysis
up arrow 32%

Project Management
up arrow 8%

Technical Sales
up arrow 5%

National Average
$86,000

Sales Management
up arrow 4%

New Business Development
up arrow 6%

Account Sales
up arrow 6%

Strategic Planning
up arrow 13%

Customer Relationship Management (CRM)
up arrow 18%

Account Management
up arrow 19%

Sales
up arrow 31%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
22%
10-19 years
31%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 76%
vision benefits Vision: 47% employee benefits None: 10%