Business Development Specialist Salary

A Business Development Specialist earns an average salary of $50,420 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, Business Strategy, and Market Research.

$35,577 - $78,632
$36K
$51K
$79K
MEDIAN: $50,838
10%
50%
90%

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$12.06 - $25.61
$12
$18
$26
MEDIAN: $17.98
10%
50%
90%

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$0$82K
Salary $35,577 - $78,632
Bonus $202.03 - $14,465
Profit Sharing $-0.49 - $7,150
Commission $993 - $25,760
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).
)
$33,394 - $82,973
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 471
Hourly Data $0$49
Hourly Rate $12.06 - $25.61
Overtime $17.62 - $49.02
Annual Data $0$82K
Bonus $202.03 - $14,465
Commission $993 - $25,760
Profit Sharing $-0.49 - $7,150
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).
)
$33,394 - $82,973
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 96

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United States (change)

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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

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

Common Career Paths for Business Development Specialist


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Business Development Specialist Job Listings

Popular Skills for Business Development Specialist

Pay by Experience Level for Business Development Specialist

Pay by Experience for a Business Development Specialist has a positive trend. An entry-level Business Development Specialist with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 374 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $64,000 based on 157 salaries. An experienced Business Development Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 80 salaries. A Business Development Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 41 salaries.

Pay Difference by Location

National Average: $51,226

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

Business Development Specialist Reviews

Q: 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

Key Stats for Business Development Specialist

Gender

Female
60 %
Male
40 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 105 votes.
Less than 1 year
7%
1-4 years
49%
5-9 years
22%
10-19 years
14%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Specialist Salaries

▲41%

▲26%

▲14%

National Average
$51,000

▼7%

Skills That Affect Business Development Specialist Salaries

New Business Development
▲27%

Business Strategy
▲23%




Strategic Marketing
▲6%

Proposal Writing
▲6%


Social Media Marketing
▲3%

▲2%


National Average
$51,000

Project Management
▼2%

Customer Service
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 105 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
7%
1-4 years
49%
5-9 years
22%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 73%
vision benefits
Vision: 64%
no benefits
None: 14%
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