The average salary for an Experienced Business Development Manager is $86,666.
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
- 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.
Popular Employer Salaries for Business Development Manager
The top respondents for the job title Business Development Manager are from the companies Amazon.com Inc, Barnes & Noble, Inc. and Edco. Reported salaries are highest at Amazon.com Inc where the average pay is $137,500. Other companies that offer high salaries for this role include Lockheed Martin Corp and Xylem Inc., earning around $129,808 and $119,145, respectively. Barnes & Noble, Inc. pays the lowest at around $49,000. Edco and Peter Kiewit Sons', Inc. also pay on the lower end of the scale, paying $60,460 and $100,500, respectively.
Explore the most common career paths for Business Development Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Business Development Manager
Business Development Director
Senior Business Development Manager
Somewhat common (8 - 20%)
Business Development Manager Job Listings
What Are Popular Skills for Business Development Managers?
Skills that pay less than market rate include Sales Management, Sales, Account Management, Customer Relationship Management (CRM) and New Business Development.
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 $51,381 based on 176 salaries. An early career Business Development Manager with 1-4 years of experience earns an average total compensation of $61,755 based on 2,697 salaries. A mid-career Business Development Manager with 5-9 years of experience earns an average total compensation of $76,329 based on 2,436 salaries. In their late career (20 years and higher), employees earn an average total compensation of $92,223.
Pay Difference by Location
Employees with Business Development Manager in their job title in San Francisco, California earn an average of 26.7% more than the national average. These job titles also find higher than average salaries in Houston, Texas (16.3% more) and Chicago, Illinois (11.8% more). The lowest salaries can be found in Denver, Colorado (6.4% less) and Dallas, Texas (3.0% less).
Years of Experience
This data is based on 6,415 survey responses.