Avg. Base Salary (USD)
The average salary for a Business Development Manager is $78,916 in 2023
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 $56,571 based on 47 salaries. An early career Business Development Manager with 1-4 years of experience earns an average total compensation of $67,689 based on …Read more
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 …Read more
- 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.
FAQs About Business Development Managers
What is the highest pay for Business Development Managers?
Our data indicates that the highest pay for a Business Development Manager is $128k / year
What is the lowest pay for Business Development Managers?
Our data indicates that the lowest pay for a Business Development Manager is $50k / year
How can Business Development Managers increase their salary?
Increasing your pay as a Business Development Manager 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 Manager that oversees more junior Business Development Managers, this experience can increase the likelihood to earn more.