Business Development Manager Salary in Minneapolis, Minnesota

An average Business Development Manager in Minneapolis can expect to take home roughly $74K annually. The range in cash compensation to Business Development Managers in Minneapolis, Minn. ($41K to $133K) includes potential earnings of $35K each from bonuses and profit sharing in exceptional cases. Job satisfaction is reported as high by the vast majority of workers. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of Business Development Managers in Minneapolis (67 percent) survey respondents are male. This report is based on responses to the PayScale salary survey.

$39,688 - $105,140

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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
$39,688 - $105,140  
   
Bonus
$1,216 - $34,844  
Profit Sharing
$250.00 - $35,000  
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).
)
$41,126 - $132,811  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 87
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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. with a lot of experience tend to enjoy higher earnings. Those in the early stages of their career can expect to make around $54K; however, individuals with five to 10 years of experience bring in $85K on average — a distinctly larger sum. Business Development Managers in Minneapolis see a median salary of $91K after reaching one to two decades on the job. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $107K on average.

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Experience Affects Business Development Manager in Minneapolis, Minnesota Salaries

Late-Career
up arrow 27%

Experienced
up arrow 9%

Mid-Career
up arrow 2%

National Average
$84,000

Entry-Level
up arrow 36%

Skills That Affect Business Development Manager in Minneapolis, Minnesota Salaries

Financial Analysis
up arrow 36%

Technical Sales
up arrow 13%

Project Management
up arrow 11%

Microsoft Excel
up arrow 7%

Account Sales
up arrow 7%

National Average
$84,000

Sales Management
up arrow 1%

New Business Development
up arrow 4%

Strategic Planning
up arrow 10%

Microsoft Office
up arrow 14%

Account Management
up arrow 16%

Customer Relationship Management (CRM)
up arrow 17%

Strategic Marketing
up arrow 18%

Sales
up arrow 25%

Job Satisfaction

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

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
22%
10-19 years
30%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 78%
vision benefits Vision: 47% employee benefits None: 10%
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