Business Development Officer Salary

The average pay for a Business Development Officer is $62,760 per year. A skill in Business Development is associated with high pay for this job.

$41,368 - $128,147
$41K
$65K
$130K
MEDIAN: $65,253
10%
50%
90%

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$12.26 - $48.94
$12
$20
$49
MEDIAN: $20.49
10%
50%
90%

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$0$250K
Salary $41,368 - $128,147
Bonus $970 - $49,194
Profit Sharing $0.30 - $29,087
Commission $11,792 - $250,000
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).
)
$42,635 - $155,067
  • Country: United States
  • Currency: USD
  • Updated: 13 Oct 2017
  • Individuals Reporting: 215
Hourly Data $0$48
Hourly Rate $12.26 - $48.94
Overtime $20.75
Annual Data $0$250K
Bonus $970 - $49,194
Commission $11,792 - $250,000
Profit Sharing $0.30 - $29,087
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).
)
$42,635 - $155,067
  • Country: United States
  • Currency: USD
  • Updated: 13 Oct 2017
  • Individuals Reporting: 12

Job Description for Business Development Officer

The business development officer is responsible for working to increase increase sales and profits related to the services and products offered by their organization. The business development officer is also responsible for building stronger ties with the member and shareholders of their institution. Some other responsibilities that are expected of a business development officer on a day-to-day basis include analyzing portfolios to develop new opportunities, developing new business strategies, and staying up to date with their institution's policies, programs, products and pricing. They are also in charge of working with colleagues in product development and competitive positioning, developing new services and increasing use of products and services provided by their institution. The hours of this position may vary, but this is generally a full time position in an office setting; travel is generally required to work with stakeholders and build business.

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Business Development Officer Tasks

  • Plan and evaluate marketing strategy
  • Review proposals and cost estimates
  • Negotiate proposal timelines and budgets
  • Coordinate the public relations

Common Career Paths for Business Development Officer


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Business Development Officer Job Listings

Popular Skills for Business Development Officer

Pay by Experience Level for Business Development Officer

Pay by Experience for a Business Development Officer has a positive trend. An entry-level Business Development Officer with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 91 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $74,000 based on 55 salaries. An experienced Business Development Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $78,000 based on 58 salaries. A Business Development Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $103,000 based on 48 salaries.

Related Job Salaries

Key Stats for Business Development Officer

Gender

Female
43 %
Male
57 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.
Less than 1 year
3%
1-4 years
33%
5-9 years
19%
10-19 years
22%
20 years or more
24%

Experience Affects Business Development Officer Salaries

▲47%

▲12%

▲5%

National Average
$70,000

▼21%

Skills That Affect Business Development Officer Salaries

Business Development
▲25%

▲1%

National Average
$70,000



Account Sales
▼10%


Customer Relationship Management (CRM)
▼14%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
19%
10-19 years
22%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 76%
vision benefits
Vision: 68%
no benefits
None: 12%