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Business Development Specialist Salary

The average salary for a Business Development Specialist is $50,370 per year. For the first five to ten years in this position, salary increases sharply, but any additional experience does not have a big effect on pay. Most people move on to other jobs if they have more than 20 years' experience in this field. The skills that increase pay for this job the most are Project Management, New Business Development, and Data Analysis.

$34,277 - $77,189
(Median)
$34K
$50K
$77K
MEDIAN: $50,370
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
$34,277 - $77,189  
   
Bonus
$0.00 - $12,117  
Profit Sharing
$1,000 - $25,434  
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).
)
$34,034 - $81,792  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 555
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 - $12,117  
   
Commission
$2,073 - $33,935  
Profit Sharing
$1,000 - $25,434  
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).
)
$34,034 - $81,792  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 107
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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

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Experience Affects Business Development Specialist Salaries




National Average
$51,000


Skills That Affect Business Development Specialist Salaries

Project Management
up arrow 30%

New Business Development
up arrow 29%

Data Analysis
up arrow 16%


Proposal Writing
up arrow 7%


Strategic Marketing
up arrow 5%

Customer Relationship Management (CRM)
up arrow 3%

Sales
0%

National Average
$51,000

Market Research
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 135 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
26%
10-19 years
17%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 72%
vision benefits Vision: 62% employee benefits None: 13%
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