A Business Development Specialist earns an average salary of $49,069 per year. People in this job generally don't have more than 20 years' experience. A skill in Marketing Communications is associated with high pay for this job.
Business Development Specialist Total Pay (?
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.
)
$33,958 - $77,506
(Median)
34K
49K
64K
78K
MEDIAN: $49,068
10%
50%
75%
90%
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Business Development Specialist Total Pay (?
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.
)
$13.39 - $29.60
(Median)
13
18
23
30
MEDIAN: $17.00
10%
50%
75%
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$28K$56K$84K
Salary
$33,958 - $77,506  
   
Bonus
$0.00 - $12,456  
Profit Sharing
$505 - $25,342  
Commission
$618 - $38,541  
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).
)
$34,176 - $82,752  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 548
National Hourly Rate 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$14$28$42
Hourly Rate
$13.39 - $29.60  
   
Overtime
$18.52 - $39.68  
National Annualized 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$28K$56K$84K
Bonus
$0.00 - $12,456  
   
Commission
$618 - $38,541  
Profit Sharing
$505 - $25,342  
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).
)
$34,176 - $82,752  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 548
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Business Development Specialist Job Listings

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Job Description for Business Development Specialist
Business development specialists are responsible for creating effective business plans for their company. They are also in charge of analyzing business processes and identifying opportunities to generate additional revenue. They research industries to find purchase patterns and emerging trends to recommend changes for their organization. Business development specialists also assess potential clients and provide development support, as well as act as a facilitator between executives and external contracting sources. They process large amounts of company data to make predictions and create detailed reports. Another of the specialist's main duties includes recommending changes to supply chain management as necessary. They also help implement growth strategies, participate in business meetings, and recommend changes to existing business practices to increase exposure and revenue. Business development specialists also assist with budget development and provide support for existing initiatives.
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Popular Skills for Business Development Specialist
Pay by Experience Level for Business Development Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
up arrow 23%
Washington
up arrow 21%
Houston
up arrow 15%
Denver
up arrow 12%
Chicago
up arrow 9%
National Average
$50,000
Boston
up arrow 1%
Buffalo
up arrow 5%
Orlando
up arrow 21%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Business Development Specialist Salaries

Late-Career
up arrow 29%
National Average
$50,000

Skills That Affect Business Development Specialist Salaries

Business Development
up arrow 4%
Sales
up arrow 3%
Customer Relationship Management (CRM)
0%
National Average
$50,000
Strategic Marketing
up arrow 23%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 164 votes.
Gender
Female
55%
female alumni
 
Male
45%
male alumni
Years of Experience
Less than 1 year
5%
1-4 years
40%
5-9 years
30%
10-19 years
18%
20 years or more
7%
Common Health Benefits
medical benefits Medical: 86% dental benefits Dental: 73%
vision benefits Vision: 60% employee benefits None: 13%
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