$51,936
Avg. Salary
$18.47
Avg. Hourly Rate

Average additional compensation:

$3,800

Bonus

$1,973

Profit Sharing

$7,415

Commission

What am I worth?
How should I pay?

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

The average pay for a Business Development Specialist is $51,936 per year.

10%
$12.68
10%
$18.47
50%
$28.88
90%
90%
MEDIAN $18.47
10%
$36k
10%
$52k
50%
$80k
90%
90%
MEDIAN $51,936
$36,073 - $80,446
$36K
$52K
$80K
MEDIAN: $51,936
10%
50%
90%

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$12.68 - $28.88
$13
$18
$29
MEDIAN: $18.47
10%
50%
90%

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$0$84K
Salary $36,073 - $80,446
Bonus $488 - $16,074
Profit Sharing $291 - $10,365
Commission $1,429 - $31,365
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).
)
$34,761 - $84,201
  • Country: United States
  • Currency: USD
  • Updated: 15 May 2019
  • Individuals Reporting: 872
Hourly Data $0$47
Hourly Rate $12.68 - $28.88
Overtime $20.79 - $47.63
Annual Data $0$84K
Bonus $488 - $16,074
Commission $1,429 - $31,365
Profit Sharing $291 - $10,365
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).
)
$34,761 - $84,201
  • Country: United States
  • Currency: USD
  • Updated: 15 May 2019
  • Individuals Reporting: 203

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

32%

31%

27%

15%

14%

-17%

National Average: $52,358

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 Rockwall:
Pros: Being able to help seniors recover from an illness or injury and age in place- keeping them healthy and independent as long as possible.
Cons: There is always pressure/stress that comes with a marketing and sales roles to generate business and drive revenue.

Business Development Specialist in Salt Lake City:
"Quiet, Nice, Safe."
Pros: Cheap Living Expenses
Cons: Heat Inversion

Business Development Specialist in Salt Lake City:
"Nothing much to do night life wise, beautiful nature, nice people, low crime rate."
Pros: Nature
Cons: Not enough ethnic shops.

Business Development Specialist in Miami:
"A balanced high quality life with continuous sunshine."
Pros: true work life community balance
Cons: below pay/salary

Business Development Specialist in Kansas City:
"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
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 223 votes.
Less than 1 year
6%
1-4 years
51%
5-9 years
22%
10-19 years
14%
20 years or more
6%

Experience Affects Business Development Specialist Salaries

▲38%

▲23%

▲12%

National Average
$52,000

▼9%

Skills That Affect Business Development Specialist Salaries

New Business Development
▲24%

Business Strategy
▲20%





Strategic Marketing
▲3%

Proposal Writing
▲3%

Social Media Marketing
▲1%

National Average
$52,000


▼1%

Project Management
▼4%

Customer Service
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 223 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
5-9 years
22%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 74%
vision benefits
Vision: 65%
no benefits
None: 15%