Business Development Specialist Salary

A Business Development Specialist earns an average salary of $50,492 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, Project Management, Business Strategy, Data Analysis, and Proposal Writing.

$34,462 - $77,052
(Median)
$34K
$50K
$77K
MEDIAN: $50,492
10%
50%
90%

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$13.34 - $26.63
(Median)
$13
$18
$27
MEDIAN: $18.00
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$27K$54K$81K
Salary
$34,462 - $77,052  
   
Bonus
$0.00 - $11,987  
Profit Sharing
$1,010 - $17,232  
Commission
$1,939 - $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).
)
$34,141 - $80,958  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 659
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
$13.34 - $26.63  
   
Overtime
$19.37 - $50.38  
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
$0.00 - $11,987  
   
Commission
$1,939 - $31,094  
Profit Sharing
$1,010 - $17,232  
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).
)
$34,141 - $80,958  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 124
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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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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: $51,443

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

Related Job Salaries

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Experience Affects Business Development Specialist Salaries




National Average
$51,000


Skills That Affect Business Development Specialist Salaries

New Business Development
up arrow 26%

Project Management
up arrow 25%

Business Strategy
up arrow 22%


Proposal Writing
up arrow 12%



Strategic Marketing
up arrow 5%

Customer Relationship Management (CRM)
up arrow 3%

Sales
up arrow 1%

National Average
$51,000

Customer Service
up arrow 3%

Market Research
up arrow 7%

Social Media Marketing
up arrow 19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 125 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
6%
1-4 years
48%
5-9 years
24%
10-19 years
17%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 74%
medical benefits
Vision: 63%
dental benefits
None: 13%
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