$51,145
Avg. Salary
$18.12
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$3,895

Profit Sharing

$1,944

Commission

$8,289

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 $51,145 per year.

$13
10%
$18
50%
$29
90%
MEDIAN $18
$36k
10%
$51k
50%
$80k
90%
MEDIAN $51,145
$36,048 - $79,784
$36K
$51K
$80K
MEDIAN: $51,145
10%
50%
90%

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$13.49 - $29.04
$13
$18
$29
MEDIAN: $18.12
10%
50%
90%

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$0$84K
Salary $36,048 - $79,784
Bonus $306 - $16,053
Profit Sharing $0.00 - $10,174
Commission $1,510 - $29,361
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).
)
$34,632 - $84,290
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 355
Hourly Data $0$44
Hourly Rate $13.49 - $29.04
Overtime $19.71 - $44.36
Annual Data $0$84K
Bonus $306 - $16,053
Commission $1,510 - $29,361
Profit Sharing $0.00 - $10,174
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).
)
$34,632 - $84,290
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 88

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.

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
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 94 votes.
Less than 1 year
4%
1-4 years
53%
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 94 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
4%
1-4 years
53%
5-9 years
21%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 74%
vision benefits
Vision: 63%
no benefits
None: 17%