Business Development Representative Salary

For Business Development Representatives, yearly average wages total $45K annually. Overall compensation packages to Business Development Representatives range from $31K on the low end to $75K on the high end; this includes bonuses that peak near $25K and profit sharing that approaches $22K, with some high rollers snagging commissions as high as $26K. This group's pay is mainly influenced by the particular firm, followed by career length and geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is high and work is enjoyable for most Business Development Representatives. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Read More
$33,162 - $65,836
$33K
$45K
$66K
MEDIAN: $44,655
10%
50%
90%

Add this chart to your site: 640px    300px

$10.03 - $24.89
$10
$15
$25
MEDIAN: $14.57
10%
50%
90%

Add this chart to your site: 640px    300px

$0$75K
Salary $33,162 - $65,836
Bonus $992 - $24,987
Profit Sharing $25.17 - $21,852
Commission $1,979 - $25,791
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).
)
$31,244 - $75,126
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 774
Hourly Data $0$36
Hourly Rate $10.03 - $24.89
Hourly Tips $1.25
Overtime $13.64 - $36.62
Annual Data $0$75K
Bonus $992 - $24,987
Commission $1,979 - $25,791
Profit Sharing $25.17 - $21,852
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).
)
$31,244 - $75,126
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 145

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Business Development Representative

A business development representative is a specialized role related to the sales department of a company. While a sales representative works with existing clients to keep them happy and serve their needs, business development reps seek out and build new business for their enterprise. This not only involves finding new clients for existing applications of an organization’s goods and services, but also finding entirely new clientele sets who may have not initially been marketing targets for their company.

Read More...

Business Development Representative Tasks

  • Ensure the company meets revenue and profit goals
  • Identify and meet potential customers
  • Maximize referral potentials
  • Manage and maintain high customer satisfaction levels

Common Career Paths for Business Development Representative


Add this chart to your site:   640px 640px    300px 300px


Business Development Representatives who move on to become Business Development Managers may enjoy significant pay raises, as Business Development Managers get paid an average of $78K per year.

Business Development Representative Job Listings

Popular Employer Salaries for Business Development Representative


Oracle Corp., Oracle, Liberty Mutual Insurance Group, Netsuite, Inc., and Groupon, Inc. are among the top companies that take on many Business Development Representatives. The biggest paychecks can be found at Oracle Corp. — the median salary there is $67K.

Popular Skills for Business Development Representative


Business Development Representatives report using a large range of skills on the job. Most notably, facility with Technical Sales, Salesforce, and Lead Generation are correlated to pay that is significantly above average, leading to increases of 24 percent, 10 percent, and 6 percent, respectively. Those listing Oral / Verbal Communication as a skill should be prepared for drastically lower pay. Strategic Marketing and Sales also typically command lower compensation. Those proficient in Business Development are, more often than not, also skilled in Inside Sales.

Pay by Experience Level for Business Development Representative

Pay by Experience for a Business Development Representative has a positive trend. An entry-level Business Development Representative with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 638 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Representative with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $55,000 based on 131 salaries. An experienced Business Development Representative which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 129 salaries. A Business Development Representative with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 41 salaries.

Pay Difference by Location

National Average: $49,823

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 26 percent, Business Development Representatives in San Francisco receive some of the highest pay in the country. Business Development Representatives can also look forward to large paychecks in cities like Dallas (+23 percent), Houston (+16 percent), Tampa (+13 percent), and Raleigh (+11 percent). Those in the field find the lowest salaries in Chicago, 12 percent below the national average. Workers in Philadelphia and Atlanta earn salaries that trail the national average for those in this profession (11 percent less and 9 percent less, respectively).

Business Development Representative Reviews

Q: What is it like working as a Business Development Representative?

Business Development Representative in Casa Grande:
"The ACO Life."
Pros: The people I work with, the products I sell, the customers I speak with on a daily basis, the atmosphere, the relationships I have built and continue to build.
Cons: I think our pay and bonuses are extremely low.

Business Development Representative in New York:
Pros: Market intelligence is a complex industry.
Cons: No ongoing challenges after initial task mastery.

Business Development Representative in Salem:
"Creative."
Pros: Creative outlet and interacting with others.
Cons: Low pay and micro-management.

Business Development Representative in New York:
"Great firm."
Pros: Great industries to work with. Great people. Great culture. Great office. Great benefits.
Cons: Long close time for enterprise sales.

Business Development Representative in Dalton:
"Its okay."
Pros: The pay, the people, the environment, the management.
Cons: The stress, the heat upstairs, the un-appreciativeness.

Business Development Representative in Boston:
"Responsibility."
Pros: High levels of responsibility in an international location.
Cons: Poor management and no benefits.

Business Development Representative in Seattle:
Pros: Side projects. Excel reporting. Managing a committee.
Cons: Processing registrations. Phone calls, customer service.

Related Job Salaries

Key Stats for Business Development Representative

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 124 votes.
Less than 1 year
14%
1-4 years
57%
5-9 years
13%
10-19 years
12%
20 years or more
5%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Representative Salaries

▲41%

▲22%

▲11%

National Average
$50,000

▼7%

Skills That Affect Business Development Representative Salaries


▲10%





Outbound Calls
▲2%



National Average
$50,000


▼3%


Sales
▼16%

Strategic Marketing
▼26%

Oral / Verbal Communication
▼40%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 124 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
14%
1-4 years
57%
5-9 years
13%
10-19 years
12%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 74%
vision benefits
Vision: 64%
no benefits
None: 14%
ADVERTISEMENT