Avg. Base Salary (PHP)
The average salary for a Business Development Specialist is ₱378,000 in 2023
What is the Pay by Experience Level for Business Development Specialists?
An entry-level Business Development Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₱267,000 based on 5 salaries. An early career Business Development Specialist with 1-4 years of experience earns an average total compensation of ₱378,000 …Read more
What Do Business Development Specialists Do?
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 …Read more
- 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.
FAQs About Business Development Specialists
What is the highest pay for Business Development Specialists?
Our data indicates that the highest pay for a Business Development Specialist is PHP 804k / year
What is the lowest pay for Business Development Specialists?
Our data indicates that the lowest pay for a Business Development Specialist is PHP 187k / year
How can Business Development Specialists increase their salary?
Increasing your pay as a Business Development Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Business Development Specialist that oversees more junior Business Development Specialists, this experience can increase the likelihood to earn more.