Business Development Specialist Salary (United States)

A Business Development Specialist earns an average salary of $49,870 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 Data Analysis and Marketing Communications.
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.
)
$33,501 - $79,296
(Median)
34K
50K
65K
79K
MEDIAN: $49,869
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.
)
$13.48 - $30.02
(Median)
13
18
23
30
MEDIAN: $18.00
10%
50%
75%
90%
Add this chart to your site

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$29K$58K$87K
Salary
$33,501 - $79,296  
   
Bonus
$0.00 - $15,077  
Profit Sharing
$511 - $32,580  
Commission
$1,007 - $30,913  
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).
)
$33,850 - $85,768  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 626
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$15$30$45
Hourly Rate
$13.48 - $30.02  
   
Overtime
$18.78 - $39.40  
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$30K$60K$90K
Bonus
$0.00 - $15,077  
   
Commission
$1,007 - $30,913  
Profit Sharing
$511 - $32,580  
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).
)
$33,850 - $85,768  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 626
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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

Business Development Specialist 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 52%
Houston
up arrow 27%
Washington
up arrow 26%
up arrow 19%
Denver
up arrow 10%
San Diego
up arrow 8%
Chicago
up arrow 4%
Boston
up arrow 4%
National Average
$51,000
Buffalo
up arrow 6%
Orlando
up arrow 14%
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 36%
National Average
$51,000

Skills That Affect Business Development Specialist Salaries

Data Analysis
up arrow 19%
Proposal Writing
up arrow 8%
Customer Relationship Management (CRM)
up arrow 4%
Sales
up arrow 1%
National Average
$51,000
Market Research
up arrow 18%
Strategic Marketing
up arrow 21%

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 174 votes.

Gender

Female
53%
female alumni
 
Male
47%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
40%
5-9 years
29%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 73%
vision benefits Vision: 61% employee benefits None: 13%
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United States (change)
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