Business Development Executive Salary

The average Business Development Executive in the United States earns approximately $70K per year. Cash earnings for Business Development Executives — including $49K in bonuses and $30K in profit sharing proceeds near the top of the pay scale — generally stretch from $41K to $168K depending on individual performance. Experience level and the particular city each impact pay for this group, with the former having the largest influence. For the most part, Business Development Executives enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage.

$39,418 - $153,130
$39K
$72K
$150K
MEDIAN: $72,242
10%
50%
90%

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$11.74 - $54.63
$12
$25
$55
MEDIAN: $25.05
10%
50%
90%

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$0$175K
Salary $39,418 - $153,130
Bonus $1,216 - $49,268
Profit Sharing $600 - $29,596
Commission $4,883 - $50,054
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).
)
$42,279 - $175,078
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 478
Hourly Data $0$56
Hourly Rate $11.74 - $54.63
Overtime $32.43
Annual Data $0$175K
Bonus $1,216 - $49,268
Commission $4,883 - $50,054
Profit Sharing $600 - $29,596
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).
)
$42,279 - $175,078
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 16

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Business Development Executive

Duties of a business development executive may vary, but typically include:

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Business Development Executive Tasks

  • Develop positive business relationships with clients.
  • Identify and pursue new opportunities for business partnerships.
  • Write business proposals and lead negotiation of contract terms.
  • Evaluate the benefits and risks of potential partnerships.

Common Career Paths for Business Development Executive


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Business Development Executives who go on to become Business Development VPs may see their salaries climb quite a bit. Median pay for Business Development VPs is $147K annually.

Business Development Executive Job Listings

Popular Skills for Business Development Executive


Survey takers working as Business Development Executives report using a large range of professional skills. Most notably, facility with Strategic Planning, Technical Sales, and Strategic Sales are correlated to pay that is significantly above average, leading to increases of 89 percent, 31 percent, and 9 percent, respectively. Those listing Marketing Communications as a skill should be prepared for drastically lower pay. Customer Relationship Management and Sales also typically command lower compensation. Those familiar with New Business Development also tend to know Business Development.

Pay by Experience Level for Business Development Executive

Pay by Experience for a Business Development Executive has a positive trend. An entry-level Business Development Executive with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 174 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Executive with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $81,000 based on 141 salaries. An experienced Business Development Executive which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $107,000 based on 158 salaries. A Business Development Executive with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $138,000 based on 73 salaries.

Pay Difference by Location

National Average: $84,171

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

For Business Development Executives, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Business Development Executives will also find cushy salaries in Houston (+48 percent), Philadelphia (+23 percent), Atlanta (+17 percent), and Denver (+15 percent). Place of residence plays a huge part in a Business Development Executive's salary, with Nashville Business Development Executives earning salaries that are 32 percent less than the national average. Two other places where employers offer below-median salaries are Boston (24 percent less) and Cincinnati (21 percent less).

Business Development Executive Reviews

Q: What is it like working as a Business Development Executive?

Business Development Executive in Nairobi:
Pros: Its everything I have ever wanted to do.
Cons: Poor salary, long working hours,

Business Development Executive in Puerto Rico:
"Defining What Business We Are In."
Pros: You have to get to be creative and analytic at the same time. I have to read a lot in order to have the answers and actually develop products that are not only sellable, but profitable.
Cons: Managing projects when people have large egos is very tough because I get motivated by results, others need recognition and importance to produce. Stress is high when deadlines are close and people lack commitment, I make sure the job gets done.

Related Job Salaries

Key Stats for Business Development Executive

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 71 votes.
Less than 1 year
2%
1-4 years
27%
5-9 years
21%
10-19 years
31%
20 years or more
19%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Executive Salaries

▲64%

▲27%

National Average
$84,000

▼4%

▼30%

Skills That Affect Business Development Executive Salaries

Strategic Planning
▲82%

Technical Sales
▲27%


National Average
$84,000


Sales Management
▼3%


▼11%

Account Management
▼33%

Sales
▼41%

Customer Relationship Management (CRM)
▼47%

Marketing Communications
▼50%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 71 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
21%
10-19 years
31%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 73%
vision benefits
Vision: 60%
no benefits
None: 15%
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