Business Development Manager Salary

Cisco Systems Inc is a desirable employer for Business Development Managers where the median salary comes in around $148K, beating the field's national median of $70K annually. Other big spenders include Google, Inc., Hewlett-Packard Company, and Lockheed Martin Corp, top-paying firms where Business Development Managers see paychecks nearing $132K, $130K, or $118K. Participants in PayScale's salary questionnaire provided the particulars of this report.

$41,819 - $119,857
$42K
$70K
$120K
MEDIAN: $70,288
10%
50%
90%

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$11.81 - $35.81
$12
$18
$36
MEDIAN: $18.17
10%
50%
90%

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$0$132K
Salary $41,819 - $119,857
Bonus $1,175 - $29,892
Profit Sharing $0.00 - $12,462
Commission $3,466 - $39,469
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).
)
$43,620 - $132,639
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 5,246
Hourly Data $0$40
Hourly Rate $11.81 - $35.81
Hourly Tips $1.25
Overtime $15.77 - $40.67
Annual Data $0$132K
Bonus $1,175 - $29,892
Commission $3,466 - $39,469
Profit Sharing $0.00 - $12,462
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).
)
$43,620 - $132,639
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 258

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Business Development Manager

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.

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Business Development Manager Tasks

  • Achieve revenue goals.
  • Maintain good working relationships with existing clients previously to enhance client retention and new sales through referrals and references.
  • 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.

Common Career Paths for Business Development Manager


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Business Development Managers 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. More often than not, a Business Development Director role is the next step for Business Development Managers moving up in the field. Business Development Directors usually make $113K per year. Many other Business Development Managers choose to take on a Marketing & Business Development Manager role, where salaries are typically $68K.

Business Development Manager Job Listings

Popular Employer Salaries for Business Development Manager

Popular Skills for Business Development Manager


Business Development Managers seem to require a rather large skill set. Most notably, facility with Technical Sales, Strategic Sales, and Strategic Planning are correlated to pay that is significantly above average, leading to increases of 28 percent, 13 percent, and 9 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Marketing Management, Microsoft Excel, and Microsoft Office. Those familiar with Customer Relationship Management also tend to know Account Management and Strategic Planning.

Pay by Experience Level for Business Development Manager

Pay by Experience for a Business Development Manager has a positive trend. An entry-level Business Development Manager with less than 5 years of experience can expect to earn an average total compensation of $63,000 based on 2,479 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $80,000 based on 1,885 salaries. An experienced Business Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 1,563 salaries. A Business Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $104,000 based on 715 salaries.

Pay Difference by Location

National Average: $76,817

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

Houston offers some of the highest pay in the country for Business Development Managers, 28 percent above the national average. Business Development Managers can also look forward to large paychecks in cities like San Francisco (+27 percent), Minneapolis (+15 percent), Boston (+14 percent), and Dallas (+11 percent). Miami ranks last in the field for pay, reporting salaries 13 percent below the national average.

Business Development Manager Reviews

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

Business Development Manager in Berne:
"Work flexibity, stress level."
Pros: Independence to develop this segment.
Cons: Stress level, pay and compensation.

Business Development Manager in Chicago:
"Good."
Pros: Work is great and a lot of excitement.
Cons: Nothing at all. It's great to be there.

Business Development Manager in Fremont:
"Fun and challenging working in biz dev."
Pros: Meet a lot of interesting individuals and work with many different teams on various projects in various industries. No two days are the same for me.
Cons: It is challenging to consistently develop new business, sometimes you deal with rude people.

Business Development Manager in Dalton:
"Challenging."
Pros: The Ability to grow and the team environment.
Cons: The fact that I haven't been able to hire additional employees yet and can't get to everything that needs to be done.

Business Development Manager in Baltimore:
"Day to Day Struggles and Rewards."
Pros: Owners are great people to work with and for along with the Regional Manager and they are compassionate and family oriented. The job can be rewarding knowing I'm helping our Senior Citizens and Veterans. I feel a sense of accomplishment within my position. Have become a Mentor for other Managers with recognition of job well done from the Owners and Regional Manager. The office I run and become a "model" office of how to do and what to do along with recognition for this as well. I feel I manage the office well and am proud of my employees.
Cons: Long hours and feeling underpaid. On call 24/7 which often interrupts time with my family. Hi demand of deadlines and paperwork with many duties to complete and not having enough time to do so. The lack of TV and radio advertising to help build business. The constant struggle to find good Care Providers to place in Senior's homes. Having to find Care Providers to fill in on cases over weekends, so the lack of professionalism with the independent contractors hired. Stress level is also very high worrying about keeping cases staffed and bringing in new cases.

Business Development Manager in Miami:
"Its okay."
Pros: Working with the customers and some vendors.
Cons: The overworked hours and unrealistic expectations.

Business Development Manager in Jamesport:
"I have become good at juggling tasks while putting out fires."
Pros: The ability to show newcomers to the region what great hospitality is like. To convey my passion for the product to the point that it becomes contagious. I also like managing my team.
Cons: My boss is a bully and I have no autonomy. I feel inhibited and not taken seriously with my suggestions.

Related Job Salaries

Key Stats for Business Development Manager

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 841 votes.
Less than 1 year
2%
1-4 years
32%
5-9 years
27%
10-19 years
25%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Development Manager Salaries

▲36%

▲20%

▲5%

National Average
$77,000

▼18%

Skills That Affect Business Development Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 841 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
27%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 72%
vision benefits
Vision: 61%
no benefits
None: 15%
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