The average salary for a Business Development Manager is $72,777.
Business Development Manager by
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What Do Business Development Managers Do?
Business development managers are responsible for managing expectations and developing business solutions for their organizations. They are in charge of creating effective business plans to generate more revenue, increase brand loyalty, and improve customer satisfaction.
Some of their main duties include brainstorming with other business development staff to define the scope of the project, review requirements, and approve timeframes. They work well with other company managers to oversee the p…Read more
Business Development Manager Tasks
- Identify and develop new and existing referral sources to develop successful referring relationships.
- Actively identify and generate prospects through strategic sales strategies focusing on customers in target markets.
- Achieve revenue goals.
- Maintain good working relationships with existing clients previously to enhance client retention and new sales through referrals and references.
Job Satisfaction for Business Development Manager
Popular Employer Salaries for Business Development Manager
The top respondents for the job title Business Development Manager are from the companies Amazon.com Inc, Advantage Sales & Marketing, LLC and Siemens. Reported salaries are highest at Google, Inc. where the average pay is $114,650. Other companies that offer high salaries for this role include Siemens and Emerson Electric Co, earning around $109,197 and $98,107, respectively. Advantage Sales & Marketing, LLC pays the lowest at around $56,602. Ecolab, Inc. and Microsoft Corp also pay on the lower end of the scale, paying $58,500 and $93,000, respectively.
Business Development Manager Job Listings
What Are Popular Skills for Business Development Managers?
Skills in New Business Development are correlated to pay that is above average. Skills that pay less than market rate include Sales Management, Sales, Account Management and Customer Relationship Management (CRM).
What is the Pay by Experience Level for Business Development Managers?
An entry-level Business Development Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $51,329 based on 197 salaries. An early career Business Development Manager with 1-4 years of experience earns an average total compensation of $61,702 based on 2,783 salaries. A mid-career Business Development Manager with 5-9 years of experience earns an average total compensation of $75,922 based on 2,467 salaries. An experienced Business Development Manager with 10-19 years of experience earns an average total compensation of $86,516 based on 2,136 salaries. In their late career (20 years and higher), employees earn an average total compensation of $92,419.
Pay Difference by Location
Employees with Business Development Manager in their job title in Houston, Texas earn an average of 31.8% more than the national average. These job titles also find higher than average salaries in San Francisco, California (28.5% more) and Boston, Massachusetts (8.3% more).
Years of Experience
This data is based on 8,707 survey responses.