Business Development Manager Salary in Minneapolis, Minnesota

Business Development Managers in Minneapolis, Minn. can expect wages of $75K annually on average. With bonuses and profit sharing proceeds each occasionally running north of $35K and a few commissions that surpass $25K, total incomes for Business Development Managers in Minneapolis generally vary between $41K and $132K according to individual performance. More than half of Minneapolis Business Development Managers (68 percent) survey respondents are men. The majority of workers are highly satisfied with their job. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to approximately one-half. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$39,512 - $105,891
(Median)
$40K
$75K
$110K
MEDIAN: $75,274
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
$39,512 - $105,891  
   
Bonus
$1,957 - $34,922  
Profit Sharing
$-0.50 - $35,117  
Commission
$0.00 - $25,000  
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).
)
$40,851 - $131,973  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 83
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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.


Business Development Managers in Minneapolis, Minn. generally obtain higher compensation for more plentiful past experience. Salaries for the relatively untried average out to around $51K, but survey participants with five to 10 years of experience earn a significantly higher median of $85K. The average pay reported by folks with 10 to 20 years of experience is around $90K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $104K on average.

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Experience Affects Business Development Manager in Minneapolis, Minnesota Salaries

Late-Career
up arrow 22%

Experienced
up arrow 6%

Mid-Career
0%

National Average
$85,000

Entry-Level
up arrow 40%

Skills That Affect Business Development Manager in Minneapolis, Minnesota Salaries

Financial Analysis
up arrow 34%

Microsoft Excel
up arrow 14%

Project Management
up arrow 12%

Technical Sales
up arrow 11%

Account Sales
up arrow 6%

National Average
$85,000

New Business Development
up arrow 3%

Sales Management
up arrow 3%

Microsoft Office
up arrow 5%

Strategic Planning
up arrow 11%

Customer Relationship Management (CRM)
up arrow 18%

Account Management
up arrow 18%

Strategic Marketing
up arrow 20%

Sales
up arrow 26%

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
19%
5-9 years
21%
10-19 years
31%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 49% employee benefits None: 11%
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