$50,680
Avg. Salary
$18.12
Avg. Hourly Rate

Average additional compensation:

$4,000

Bonus

$1,750

Profit Sharing

$8,000

Commission

What am I worth?
How should I pay?

The average pay for a Business Development Specialist with Customer Relationship Management (CRM) skills is $18.12 per hour.

The average pay for a Business Development Specialist with Customer Relationship Management (CRM) skills is $50,680 per year.

10%
$13.31
10%
$18.12
50%
$29.13
90%
90%
MEDIAN $18.12
10%
$36k
10%
$51k
50%
$78k
90%
90%
MEDIAN $50,680
$36,336 - $78,488
$36K
$51K
$78K
MEDIAN: $50,680
10%
50%
90%

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$13.31 - $29.13
$13
$18
$29
MEDIAN: $18.12
10%
50%
90%

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$0$83K
Salary $36,336 - $78,488
Bonus $486 - $16,685
Profit Sharing $0.00 - $14,544
Commission $1,510 - $29,799
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).
)
$34,945 - $83,688
  • Country: United States
  • Currency: USD
  • Updated: 12 Apr 2019
  • Individuals Reporting: 348
Hourly Data $0$44
Hourly Rate $13.31 - $29.13
Overtime $19.63 - $44.77
Annual Data $0$83K
Bonus $486 - $16,685
Commission $1,510 - $29,799
Profit Sharing $0.00 - $14,544
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).
)
$34,945 - $83,688
  • Country: United States
  • Currency: USD
  • Updated: 12 Apr 2019
  • Individuals Reporting: 94

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

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 157 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 $67,000 based on 57 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 32 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 $68,000 based on 16 salaries.

Key Stats for Business Development Specialist

Gender

Female
60 %
Male
40 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.
Less than 1 year
4%
1-4 years
54%
5-9 years
21%
10-19 years
13%
20 years or more
8%

Experience Affects Business Development Specialist Salaries

Late-Career
▲31%

Mid-Career
▲28%

Experienced
▲13%

National Average
$52,000

Entry-Level
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
4%
1-4 years
54%
5-9 years
21%
10-19 years
13%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 73%
vision benefits
Vision: 64%
no benefits
None: 17%