Business Development Manager Salary in Minneapolis, Minnesota

Median pay for Business Development Managers in Minneapolis, Minn. lies in the neighborhood of $76K annually. Cash earnings for Business Development Managers in Minneapolis — including $35K each for bonuses and profit sharing proceeds and $25K in commissions at the top of the pay scale — stretch from approximately $42K to approximately $132K depending on individual performance. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to one-half. Job satisfaction is high and work is enjoyable for most Minneapolis Business Development Managers. Men make up the majority of Business Development Managers in Minneapolis (68 percent) survey respondents. Respondents to the PayScale salary survey provided the data for this report.

$39,627 - $106,078
(Median)
$40K
$76K
$110K
MEDIAN: $75,891
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
$39,627 - $106,078  
   
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).
)
$41,512 - $132,182  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 82
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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 who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $52K on average, but those with five to 10 years of experience enjoy a much bigger median of $85K. Business Development Managers in Minneapolis, Minn. claiming one to two decades of experience make an estimated median of $90K. Professionals who achieve more than 20 years of experience generally enjoy cushy salaries; their median compensation sits in the ballpark of $104K, a plump six-figure sum.

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Experience Affects Business Development Manager in Minneapolis, Minnesota Salaries

Late-Career
up arrow 21%

Experienced
up arrow 5%

National Average
$86,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 39%

Skills That Affect Business Development Manager in Minneapolis, Minnesota Salaries

Financial Analysis
up arrow 33%

Microsoft Excel
up arrow 14%

Project Management
up arrow 12%

Technical Sales
up arrow 11%

Account Sales
up arrow 5%

National Average
$86,000

Sales Management
up arrow 3%

New Business Development
up arrow 4%

Strategic Planning
up arrow 12%

Account Management
up arrow 18%

Customer Relationship Management (CRM)
up arrow 19%

Strategic Marketing
up arrow 25%

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
18%
5-9 years
22%
10-19 years
31%
20 years or more
28%

Common Health Benefits

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