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Business Development Specialist Salary

A Business Development Specialist earns an average salary of $50,364 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 Project Management, New Business Development, and Data Analysis.

$34,188 - $77,613
(Median)
$34K
$50K
$78K
MEDIAN: $50,363
10%
50%
90%

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$13.56 - $27.23
(Median)
$14
$18
$27
MEDIAN: $18.00
10%
50%
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
$34,188 - $77,613  
   
Bonus
$0.00 - $12,211  
Profit Sharing
$993 - $25,532  
Commission
$2,073 - $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).
)
$33,933 - $82,372  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 546
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$17$34$51
Hourly Rate
$13.56 - $27.23  
   
Overtime
$19.57 - $49.53  
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$50K$100K$150K
Bonus
$0.00 - $12,211  
   
Commission
$2,073 - $33,935  
Profit Sharing
$993 - $25,532  
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).
)
$33,933 - $82,372  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 107

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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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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

Related Job Salaries

United States (change)

Experience Affects Business Development Specialist Salaries




National Average
$51,000


Skills That Affect Business Development Specialist Salaries

Project Management
up arrow 31%

New Business Development
up arrow 29%

Data Analysis
up arrow 16%


Proposal Writing
up arrow 8%

Strategic Marketing
up arrow 5%

Business Development
up arrow 4%

Customer Relationship Management (CRM)
up arrow 2%

Sales
0%

National Average
$51,000

Market Research
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 134 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
26%
10-19 years
18%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 71%
vision benefits Vision: 63% employee benefits None: 14%
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