Regional Business Development Manager Salary

Regional Business Development Managers in the United States tend to be well-versed in their field, and nearly three in five have more than 10 years of experience. Average salary is expected to be around $81K annually, but may range from $53K to $139K per year. Final cash compensation to Regional Business Development Managers varies from around $53K to approximately $139K; choice pay grades include potential for bonuses and profit sharing as high as $30K and $10K, respectively. Residence is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. Men account for the majority of Regional Business Development Managers who responded to the questionnaire — 64 percent to be exact.

$49,282 - $125,290
(Median)
$49K
$81K
$130K
MEDIAN: $81,102
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$50K$100K$150K
Salary
$49,282 - $125,290  
   
Bonus
$1,214 - $30,459  
Profit Sharing
$0.00 - $10,271  
Commission
$0.00 - $39,380  
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).
)
$53,287 - $139,386  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 541
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Job Description for Regional Business Development Manager

Regional business development managers conduct analyses of past, present, and future performance to create projections, planning, and growth models. Regional business development manager are often responsible for seeking potential business opportunities, which requires a good eye for detail, analysis, and judgment. The manager may also supervise, or interact with, teams in their organization such as marketing, research and development, and advertising.

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Regional Business Development Manager Tasks

  • Monitor, track, and report on competitive intelligence and market trends and outlook.
  • Identify priorities for product development and work with internal teams to align those products with existing capabilities.
  • Communicate with clients to identify unmet needs, analyze services and improve outcomes.
  • Supervise a team to expand revenue and reach while maintaining current business offerings.
  • Collaborate internally and externally to meet demonstrated long- and short-term market needs.

Common Career Paths for Regional Business Development Manager


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Advancing into a Business Development Director role seems to be a popular career move for Regional Business Development Managers, and folks who currently work in the latter position report a notably larger median income of $113K per year.

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Popular Skills for Regional Business Development Manager


Survey results suggest that Regional Business Development Managers use a fairly large toolkit of professional skills. Most notably, facility with New Business Development, Strategic Sales, and Sales Management are correlated to pay that is significantly above average, leading to increases of 22 percent, 10 percent, and 8 percent, respectively. Skills that pay less than market rate include Operations Management. For most people, competency in Business Development indicates knowledge of Sales.

Pay by Experience Level for Regional Business Development Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Workers in their first five years can expect to earn $69K, but people who have been around for five to 10 years earn a noticeably bigger sum of $85K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $103K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $110K on average.

Pay Difference by Location

National Average: $90,968

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

For Regional Business Development Managers, Richmond provides a pay rate that is 41 percent greater than the national average. Regional Business Development Managers can also look forward to large paychecks in cities like St. Louis (+26 percent), Houston (+26 percent), Boston (+21 percent), and Los Angeles (+15 percent). In Washington, salaries are 16 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are Charlotte (13 percent less) and Seattle (8 percent less).

Regional Business Development Manager Reviews

What is it like working as a Regional Business Development Manager?

Regional Business Development Manager in Indianapolis:
"Business Development Manager."
Pros: I love the flexibility and freedom to make most our choices around the businesses we staff for and where we spend most of our time.
Cons: Pay is lower than what I am use to.

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Experience Affects Regional Business Development Manager Salaries



National Average
$91,000



Skills That Affect Regional Business Development Manager Salaries

New Business Development
up arrow 22%



Sales
up arrow 2%

Strategic Planning
up arrow 1%

Business Development
0%

National Average
$91,000

Operations Management
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 76 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
0%
1-4 years
14%
5-9 years
26%
10-19 years
35%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 78%
medical benefits
Vision: 65%
dental benefits
None: 11%
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