Average Business Development Manager Salary

$72,777
Avg. SalaryShow Hourly Rate
$10,175
Bonus
$15,601
Commission
$4,939
Profit Sharing
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The average salary for a Business Development Manager is $72,777.
10%
$45k
MEDIAN
$73k
90%
$122k
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Salary
$45k - $122k
Bonus
$2k - $31k
Profit Sharing
$604 - $20k
Commission
$4k - $40k
Total Pay
$46k - $138k
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What Do Business Development Managers Do?

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

4 out of 5
(1,401)
Highly Satisfied
240Reviews
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

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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.
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.
Entry Level
2.3%
Early Career
32.0%
Mid Career
28.3%
Experienced
24.5%
Late Career
12.9%