$50,868
Avg. Salary

Average additional compensation for this job:

Bonus

$3,750

Profit Sharing

$1,965

Commission

$8,545

A Business Development Specialist with Customer Relationship Management (CRM) skills earns an average salary of $50,310 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.

$36,077 - $78,656
$36K
$51K
$79K
MEDIAN: $50,868
10%
50%
90%

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$13.53 - $29.00
$14
$18
$29
MEDIAN: $18.31
10%
50%
90%

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$0$83K
Salary $36,077 - $78,656
Bonus $300 - $15,911
Profit Sharing $0.00 - $14,899
Commission $1,521 - $29,866
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).
)
$34,807 - $83,921
  • Country: United States
  • Currency: USD
  • Updated: 12 Aug 2018
  • Individuals Reporting: 357
Hourly Data $0$46
Hourly Rate $13.53 - $29.00
Overtime $19.79 - $46.72
Annual Data $0$83K
Bonus $300 - $15,911
Commission $1,521 - $29,866
Profit Sharing $0.00 - $14,899
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).
)
$34,807 - $83,921
  • Country: United States
  • Currency: USD
  • Updated: 12 Aug 2018
  • Individuals Reporting: 90

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

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
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 95 votes.
Less than 1 year
3%
1-4 years
54%
5-9 years
21%
10-19 years
14%
20 years or more
8%

Experience Affects Business Development Specialist Salaries

Late-Career
▲30%

Mid-Career
▲28%

Experienced
▲13%

National Average
$52,000

Entry-Level
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 95 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
3%
1-4 years
54%
5-9 years
21%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 73%
vision benefits
Vision: 63%
no benefits
None: 17%