A Business Development Specialist earns an average salary of $50,718 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 Business Strategy.

$34,681 - $79,047
(Median)
$35K
$51K
$79K
MEDIAN: $50,718
10%
50%
90%

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$12.70 - $30.84
(Median)
$13
$18
$31
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$34,681 - $79,047  
   
Bonus
$501 - $12,300  
Profit Sharing
$511 - $9,787  
Commission
$1,437 - $33,935  
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).
)
$33,966 - $84,296  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 500
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17$34$51
Hourly Rate
$12.70 - $30.84  
   
Overtime
$19.97 - $49.03  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$501 - $12,300  
   
Commission
$1,437 - $33,935  
Profit Sharing
$511 - $9,787  
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).
)
$33,966 - $84,296  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 76
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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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Business Development Specialist Tasks

  • Seeks out new market insights and business opportunities through research and analysis.
  • Assists with core business development activities, such as generating pitch decks and communicating with clients and competitors to better understand business trends.
  • Quantifies business intelligence with economic models to evaluate new opportunities; presents findings clearly and makes recommendations for action.

Common Career Paths for Business Development Specialist


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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

National Average: $52,077

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

Business Development Specialist Reviews

What is it like working as a Business Development Specialist?

Business Development Specialist in Boston:
"BDS in Legal Field."
Pros: I like my job a lot- great people, fun work. I sit at a desk but it's not the same thing everyday.
Cons: Attorney politics can get in the way of working sometimes.

Related Job Salaries

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Experience Affects Business Development Specialist Salaries




National Average
$52,000


Skills That Affect Business Development Specialist Salaries

New Business Development
up arrow 25%

Business Strategy
up arrow 21%


Strategic Marketing
up arrow 4%

Proposal Writing
up arrow 4%

Business Development
up arrow 2%

Marketing Communications
up arrow 2%

Sales
0%

Market Research
0%

National Average
$52,000

Customer Relationship Management (CRM)
up arrow 1%

Project Management
up arrow 4%

Social Media Marketing
up arrow 12%

Customer Service
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
6%
1-4 years
49%
5-9 years
23%
10-19 years
13%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 74%
medical benefits
Vision: 63%
dental benefits
None: 12%
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