Average Business Development Specialist Salary

$56,390
Avg. Base Salary (USD)
10%
$39k
MEDIAN
$56k
90%
$84k

The average salary for a Business Development Specialist is $56,390

Base Salary
$39k - $84k
Bonus
$997 - $18k
Profit Sharing
$515 - $7k
Commission
$2k - $39k
Total Pay
$38k - $88k
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What Do Business Development Specialists Do?

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.
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How do Business Development Specialists Rate Their Jobs?

3.8 out of 5
(140)
Highly Satisfied
20Reviews
Based on 140 responses, the job of Business Development Specialist has received a job satisfaction rating of 3.77 out of 5. On average, Business Development Specialists are highly satisfied with their job.

FAQs About Business Development Specialists

What is the highest pay for Business Development Specialists?

Our data indicates that the highest pay for a Business Development Specialist is $84k / year

What is the lowest pay for Business Development Specialists?

Our data indicates that the lowest pay for a Business Development Specialist is $39k / year

How can Business Development Specialists increase their salary?

Increasing your pay as a Business Development Specialist 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 Specialist that oversees more junior Business Development Specialists, this experience can increase the likelihood to earn more.