The average salary for a Senior Business Development Manager is $109,927.
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What Do Senior Business Development Managers Do?
A senior business development manager is primarily responsible for creating and maintaining strong relationships and making business decisions. A senior business development manager is very similar to a business manager, and this position exists in a variety of industries.
However, in all industries, many duties of senior business development managers are the same. They must plan ways to grow the business, identify areas of client needs, manage and participate in business negotiations, and app…Read more
Senior Business Development Manager Tasks
- Research, locate, define and target key business prospects.
- Work with customers to provide feedback to development teams for new content and products.
- Establish and nurture relationships that fill business pipeline with prospective partners and customers.
- Negotiate new partnerships and business alliances; work closely with legal experts to write contracts for new business partners.
- Create business development strategies; identify roadblocks and drive new business from conception through closure.
Job Satisfaction for Senior Business Development Manager
Popular Employer Salaries for Senior Business Development Manager
The top respondents for the job title Senior Business Development Manager are from the companies Raytheon Co., Amazon.com Inc and Jabil Circuit, Inc.. Reported salaries are highest at Raytheon Co. where the average pay is $175,861. Other companies that offer high salaries for this role include Jabil Circuit, Inc. and Amazon.com Inc, earning around $150,000 and $146,212, respectively. T-Mobile, Inc. pays the lowest at around $138,369. Samsung Electronics Ltd. and Microsoft Corp also pay on the lower end of the scale, paying $142,431 and $142,456, respectively.
Senior Business Development Manager Job Listings
What Are Popular Skills for Senior Business Development Managers?
Skills in Business Strategy and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM), Account Management and New Business Development.
What is the Pay by Experience Level for Senior Business Development Managers?
An early career Senior Business Development Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $85,406 based on 96 salaries. A mid-career Senior Business Development Manager with 5-9 years of experience earns an average total compensation of $101,538 based on 243 salaries. An experienced Senior Business Development Manager with 10-19 years of experience earns an average total compensation of $115,195 based on 317 salaries. In their late career (20 years and higher), employees earn an average total compensation of $124,452.
Pay Difference by Location
Employees with Senior Business Development Manager in their job title in San Francisco, California earn an average of 14.2% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (13.7% more) and Houston, Texas (10.3% more). The lowest salaries can be found in New York, New York (0.9% less).
Years of Experience
This data is based on 827 survey responses.