Business Development Manager in Minneapolis, Minnesota Salary

With just under three-fifths of Minneapolis Business Development Managers reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $55K to $128K per year and averages out to $72K per year. For the most part, people in this position report moderate levels of job satisfaction. Most Business Development Managers in Minneapolis, Minn. survey respondents are men (72 percent). Health benefits are not claimed by all — about a fifth lack any form of coverage — but a fair number have medical insurance, and the greater part have dental, too. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$51,491 - $116,504
$51K
$72K
$120K
MEDIAN: $71,874
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
$51,491 - $116,504  
   
Bonus
$0.00 - $40,333  
Profit Sharing
$5,500  
Commission
$14,000  
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).
)
$54,754 - $127,941  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 61

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United States (change)

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About Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Business Development Manager Job Listings

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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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries for the relatively untried average out to around $59K, but survey participants with five to 10 years of experience earn a significantly higher median of $87K. On average, Business Development Managers in Minneapolis, Minn. make $96K following one to two decades on the job. Six-figure salaries aren't unusual for professionals who have achieved more than 20 years of experience; median compensation for this group sits in the range of $109K.

Key Stats for Business Development Manager

Gender

Female
28 %
Male
72 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
16%
10-19 years
40%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Manager Salaries

▲21%

▲7%

National Average
$90,000

Mid-Career
▼3%

Entry-Level
▼34%

Skills That Affect Business Development Manager Salaries

Market Research
▲33%

Financial Analysis
▲27%

Account Sales
▲21%

Customer Relationship Management (CRM)
▲9%

Sales Management
▲6%

Technical Sales
▲4%

New Business Development
▲3%

Sales
▲2%

Strategic Sales
▲2%


National Average
$90,000

Strategic Planning
▼2%

Microsoft Word
▼8%

Project Management
▼11%

Powerpoint
▼20%

Microsoft Excel
▼25%

Job Satisfaction

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

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
16%
10-19 years
40%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 69%
vision benefits
Vision: 50%
dental benefits
None: 21%
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