$63,827
Avg. Salary
$19.88
Avg. Hourly Rate
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The average pay for a Business Development Specialist with New Business Development skills is $19.88 per hour.

The average pay for a Business Development Specialist with New Business Development skills is $63,827 per year.

$0
10%
$20
50%
$0
90%
MEDIAN $20
$38k
10%
$64k
50%
$73k
90%
MEDIAN $63,827
$38,230 - $73,252
$38K
$64K
$73K
MEDIAN: $63,827
10%
50%
90%

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$0$80K
Salary $38,230 - $73,252
Bonus $3,000
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).
)
$38,809 - $80,537
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 10

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.

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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.

Business Development Specialist Job Listings

Business Development Specialist Advice

Q: What do you wish you knew about your job when you first started out?

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.

Key Stats for Business Development Specialist

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.
1-4 years
50%
5-9 years
33%
10-19 years
8%
20 years or more
8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

1-4 years
50%
5-9 years
33%
10-19 years
8%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 92%
vision benefits
Vision: 50%
no benefits
None: 8%