The salary of a Business Development Manager in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of February 01, 2025, the average annual salary for a Business Development Manager in the United States is $143,279. Salary.com reports that pay typically ranges from $124,745 to $162,839, with most professionals earning between $107,872 and $180,648.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $162,839 | $13,570 | $3,132 | $78 |
| Average | $143,279 | $11,940 | $2,755 | $69 |
| 25th Percentile | $124,745 | $10,395 | $2,399 | $60 |
An entry-level Business Development Manager with less than 1 year of experience earns about $135,542. With 1-2 years of experience, the average salary increases to $136,088. For 2-4 years of experience, the pay typically rises to $138,820. Senior-level professionals with 5-8 years of experience earn around $143,573, and those with over 8 years of experience can expect an average of $149,346.
| Levels | Salary |
|---|---|
| Entry Level Business Development Manager | $135,542 |
| Intermediate Level Business Development Manager | $136,088 |
| Senior Level Business Development Manager | $138,820 |
| Specialist Level Business Development Manager | $143,573 |
| Expert Level Business Development Manager | $149,346 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 3% |
| Top Level | 0% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of February 01, 2025, our research reveals a significant shift in Business Development Manager compensation over the past six years. For example, the median salary increased from $133,167 in 2023 to approximately $133,904 in 2024. (For a detailed analysis of Business Development Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Business Development Manager information for you to search for. Click on search button below to see Business Development Manager job openings or enter a new job title here.
Here are companies hiring for Business Development Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $143,279 | 66.1% | ||
| Bonus | $15,013 | 6.9% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $12,109 | 5.6% | ||
| 401K/403B | $6,648 | 3.1% | ||
| Disability | $3,166 | 1.5% | ||
| Healthcare | $8,352 | 3.9% | ||
| Pension | $8,548 | 3.9% | ||
| Time Off | $19,482 | 9.0% | ||
| Total Compensation | $216,597 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.4% |
| High School | 4.7% |
| Associates | 4.3% |
| Bachelors | 45.3% |
| Masters | 42.6% |
| Doctorate | 2.6% |
What Am I Worth?
The average annual salary of Business Development Manager is $143,279. In case you are finding an easy salary calculator, the average hourly pay of Business Development Manager is $69; the average weekly pay of Business Development Manager is $2,755; the average monthly pay of Business Development Manager is $11,940.
A Business Development Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Business Development Manager earns the most in San Jose, CA, where the annual salary of a Business Development Manager is $179,815.
The highest pay for Business Development Manager is $180,648.
The lowest pay for Business Development Manager is $107,872.
Business Development Manager manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Being a Business Development Manager establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Additionally, Business Development Manager makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. The Business Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Business Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
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Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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