$52,130
Avg. Salary
$18.47
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$3,942

Profit Sharing

$2,013

Commission

$8,767

The average pay for a Business Development Specialist is $18.47 per hour.

The average pay for a Business Development Specialist is $52,130 per year.

$13
10%
$18
50%
$29
90%
MEDIAN $18
$35k
10%
$52k
50%
$82k
90%
MEDIAN $52,130
$35,462 - $81,597
$35K
$52K
$82K
MEDIAN: $52,130
10%
50%
90%

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$12.73 - $29.04
$13
$18
$29
MEDIAN: $18.47
10%
50%
90%

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$0$85K
Salary $35,462 - $81,597
Bonus $495 - $15,317
Profit Sharing $0.00 - $10,161
Commission $1,444 - $31,123
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).
)
$34,549 - $85,472
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 923
Hourly Data $0$47
Hourly Rate $12.73 - $29.04
Overtime $21.12 - $47.50
Annual Data $0$85K
Bonus $495 - $15,317
Commission $1,444 - $31,123
Profit Sharing $0.00 - $10,161
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).
)
$34,549 - $85,472
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 193

Job Description for Business Development Specialist

Business development specialists are responsible for creating effective business plans for their company. They are also in charge of analyzing business processes and identifying opportunities to generate additional revenue. They research industries to find purchase patterns and emerging trends to recommend changes for their organization. Business development specialists also assess potential clients and provide development support, as well as act as a facilitator between executives and external contracting sources. They process large amounts of company data to make predictions and create detailed reports. Another of the specialist's main duties includes recommending changes to supply chain management as necessary. They also help implement growth strategies, participate in business meetings, and recommend changes to existing business practices to increase exposure and revenue. Business development specialists also assist with budget development and provide support for existing initiatives.

Read More...

Business Development Specialist Tasks

  • Quantifies business intelligence with economic models to evaluate new opportunities; presents findings clearly and makes recommendations for action.
  • Assists with core business development activities, such as generating pitch decks and communicating with clients and competitors to better understand business trends.
  • Seeks out new market insights and business opportunities through research and analysis.

Common Career Paths for Business Development Specialist


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Business Development Specialist Job Listings

Popular Skills for Business Development Specialist

Pay by Experience Level for Business Development Specialist

Pay by Experience for a Business Development Specialist has a positive trend. An entry-level Business Development Specialist with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 374 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Development Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $64,000 based on 157 salaries. An experienced Business Development Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 80 salaries. A Business Development Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 41 salaries.

Pay Difference by Location

31%

30%

26%

14%

13%

-17%

National Average: $52,754

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

Business Development Specialist Reviews

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

Business Development Specialist in Kansas City, Missouri:
"I would rather be on the beach or in the mountains."
Pros: Kansas City is affordable to be single and live.
Cons: Kansas City is not very cultured.

Business Development Specialist in Houston:
"Stay sharp."
Put a pic of your competition on your night stand.

Business Development Specialist in Boston:
"BDS in Legal Field."
Pros: I like my job a lot- great people, fun work. I sit at a desk but it's not the same thing everyday.
Cons: Attorney politics can get in the way of working sometimes.

Related Job Salaries

Key Stats for Business Development Specialist

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 208 votes.
Less than 1 year
6%
1-4 years
50%
5-9 years
22%
10-19 years
15%
20 years or more
7%

Experience Affects Business Development Specialist Salaries

▲37%

▲22%

▲11%

National Average
$53,000

▼9%

Skills That Affect Business Development Specialist Salaries

New Business Development
▲23%

Business Strategy
▲19%




Strategic Marketing
▲3%

Proposal Writing
▲3%


Social Media Marketing
▼0%

National Average
$53,000

▼1%


Project Management
▼5%

Customer Service
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 208 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
6%
1-4 years
50%
5-9 years
22%
10-19 years
15%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 75%
vision benefits
Vision: 64%
no benefits
None: 15%