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Business Development Specialist Salary (United States)

A Business Development Specialist earns an average salary of $49,798 per year. People in this job generally don't have more than 20 years' experience. Skills that are associated with high pay for this job are New Business Development and Data Analysis.
Business Development Specialist Salary (?
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.
)
$33,980 - $79,605
(Median)
34K
50K
64K
80K
MEDIAN: $49,798
10%
50%
75%
90%
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Business Development Specialist Salary (?
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.
)
$13.51 - $28.03
(Median)
14
18
23
28
MEDIAN: $18.00
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
$33,980 - $79,605  
   
Bonus
$0.00 - $12,822  
Profit Sharing
$513 - $25,253  
Commission
$1,927 - $31,094  
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).
)
$34,101 - $83,924  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 524
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
$13.51 - $28.03  
   
Overtime
$18.70 - $39.96  
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 - $12,822  
   
Commission
$1,927 - $31,094  
Profit Sharing
$513 - $25,253  
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).
)
$34,101 - $83,924  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 92
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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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Common Career Paths for Business Development Specialist

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Business Development Analyst Job Listings

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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

New York
up arrow 59%
Washington
up arrow 28%
San Francisco
up arrow 25%
Houston
up arrow 23%
up arrow 20%
Pittsburgh
up arrow 16%
Denver
up arrow 11%
Boston
up arrow 4%
Chicago
up arrow 2%
San Diego
up arrow 2%
National Average
$51,000
Buffalo
up arrow 7%
Orlando
up arrow 13%
Larger circles over a city indicate a job is popular in that location.

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Experience Affects Business Development Specialist Salaries

Late-Career
up arrow 31%
National Average
$51,000

Skills That Affect Business Development Specialist Salaries

New Business Development
up arrow 16%
Data Analysis
up arrow 12%
Proposal Writing
up arrow 9%
Customer Relationship Management (CRM)
up arrow 4%
National Average
$51,000
Sales
up arrow 1%
Market Research
up arrow 18%
Strategic Marketing
up arrow 24%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 157 votes.

Gender

Female
53%
female alumni
 
Male
47%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
41%
5-9 years
29%
10-19 years
18%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 73%
vision benefits Vision: 62% employee benefits None: 12%