$52,000
Avg. Salary
$19.88
Avg. Hourly Rate

Average additional compensation:

$4,900

Bonus

$9,903

Commission

What am I worth?
How should I pay?

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 $52,000 per year.

$0.00
10%
$19.88
50%
$0.00
90%
MEDIAN $19.88
$40k
10%
$52k
50%
$68k
90%
MEDIAN $52,000
$40,000 - $67,875
$52K
MEDIAN: $52,000
50%

Add this chart to your site: 640px    300px

$0$78K
Salary $52,000
Bonus $4,900
Commission $9,903
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).
)
$38,520 - $78,906
  • Country: United States
  • Currency: USD
  • Updated: 20 Jan 2019
  • Individuals Reporting: 9

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.

Business Development Specialist Job Listings

Key Stats for Business Development Specialist

Gender

Female
80 %
Male
20 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
1-4 years
55%
5-9 years
36%
20 years or more
9%

Job Satisfaction

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

Gender

Female
80 %
Male
20 %

Years of Experience

1-4 years
55%
5-9 years
36%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 91%
vision benefits
Vision: 45%
no benefits
None: 9%