Average Business Advisor Salary
$83,000 yearly
$40.03 hourly
Updated August 18, 2021
$54,000
10 %
$83,000
Median
$128,000
90 %
What Is The Average Business Advisor Salary?
The average business advisor salary is $83,257 per year, or $40.03 per hour, in the United States. Those in the lower 10%, such as entry-level positions, only make about $54,000 a year. Meanwhile, the top 10% are sitting pretty with an average salary of $128,000. Many of business advisors seem to be drawn to technology and finance companies. Unless they care more about money, in which case business advisors tend to work at technology, professional, and transportation companies. Even the employees who work in these industries can confirm that's where the money is. Although money is important, a lot of people base their career decisions solely on location. That's why we found that New Jersey, Rhode Island and Washington pay business advisors the highest salaries.

Average Business Advisor Salary By State

The darker areas on the map show where business advisors earn the highest salaries across all 50 states.

Average Salary

Business Advisor average salary by State

StateascdescAvg. salaryascdescHourly rateascdesc
Alabama
$78,439
$37.71
Alaska
$90,908
$43.71
Arizona
$69,166
$33.25
Arkansas
$64,648
$31.08
California
$87,811
$42.22
Colorado
$92,341
$44.39
Connecticut
$88,390
$42.50
Delaware
$97,055
$46.66
District of Columbia
$110,194
$52.98
Florida
$62,908
$30.24
Georgia
$90,644
$43.58
Hawaii
$46,629
$22.42
Idaho
$69,162
$33.25
Illinois
$85,518
$41.11
Indiana
$76,081
$36.58
Iowa
$76,497
$36.78
Kansas
$70,839
$34.06
Kentucky
$74,069
$35.61
Louisiana
$62,507
$30.05
Maine
$71,860
$34.55
Maryland
$95,475
$45.90
Massachusetts
$91,525
$44.00
Michigan
$81,091
$38.99
Minnesota
$76,885
$36.96
Mississippi
$67,602
$32.50
Missouri
$94,030
$45.21
Montana
$58,097
$27.93
Nebraska
$72,241
$34.73
Nevada
$69,742
$33.53
New Hampshire
$79,163
$38.06
New Jersey
$100,618
$48.37
New Mexico
$68,898
$33.12
New York
$79,186
$38.07
North Carolina
$79,151
$38.05
North Dakota
$71,975
$34.60
Ohio
$79,739
$38.34
Oklahoma
$71,543
$34.40
Oregon
$82,329
$39.58
Pennsylvania
$90,595
$43.56
Rhode Island
$98,926
$47.56
South Carolina
$67,152
$32.28
South Dakota
$70,175
$33.74
Tennessee
$70,206
$33.75
Texas
$77,922
$37.46
Utah
$65,948
$31.71
Vermont
$65,105
$31.30
Virginia
$89,305
$42.94
Washington
$98,123
$47.17
West Virginia
$82,197
$39.52
Wisconsin
$60,531
$29.10
Wyoming
$65,941
$31.70

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Highest Paying Cities For Business Advisor

0 selections
CityascdescAvg. salaryascdescHourly rateascdesc
Washington, DC
$110,731
$53.24
Bridgewater, NJ
$100,630
$48.38
Seattle, WA
$100,271
$48.21
Providence, RI
$98,746
$47.47
San Ramon, CA
$97,683
$46.96
Saint Louis, MO
$95,768
$46.04

The largest raises come from changing jobs.

See what's out there.

Average Business Advisor Salary Over Time

Compare salaries for individual cities or states with the national average.

Location
    YearascdescAvg. salaryascdescHourly rateascdesc% Changeascdesc
    2021
    $83,300
    $40.03
    +0.7%
    2020
    $82,600
    $39.73
    +1.4%
    2019
    $81,500
    $39.18
    +1.3%
    2018
    $80,500
    $38.69
    +1.3%
    2017
    $79,400
    $38.18
    +1.8%

    How Much Do Business Advisors Make In Different Industries?

    As we previously stated, business advisor salaries can vary depending on the industry. In fact, our data shows that technology, professional, and transportation companies tend to offer much higher salaries for business advisors. For example, business advisors make a whopping average salary of $91,503 while working for technology companies. Meanwhile, other people in this field are making $87,457 at professional companies and $81,735 at transportation companies. But business advisors may want to avoid working in the finance industry as it offers the lowest average salary at $75,484.
    RankIndustryAverage Business Advisor SalaryBusiness Advisor Salary Range
    1
    Technology
    $91,503
    $64k
    $108k
    2
    Professional
    $87,457
    $64k
    $108k
    3
    Transportation
    $81,735
    $64k
    $108k
    4
    Finance
    $75,484
    $64k
    $108k

    High Paying Business Advisor Jobs

    Average JOB Salary by Field

    Business Development Consultant

    Avg. salary: $69,173

    The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
    123,230 Business Development Consultant Jobs
    Small Business Consultant

    Avg. salary: $48,700

    A small business consultant specializes in developing and recommending strategies to optimize the daily operations of small businesses. They typically meet with clients to identify their needs and preferences, determine their short and long-term goals, perform market research and analysis to find business or client opportunities, determine the strengths and weaknesses of current processes, and implement solutions against problem areas. They may also conduct risk assessments and help address issues and concerns, resolving them promptly and efficiently. Moreover, a small business consultant must devise a plan to implement the establishment's policies and regulations, suggesting new ones as needed.
    69,688 Small Business Consultant Jobs
    Business Development Coordinator

    Avg. salary: $50,732

    A business development coordinator specializes in devising strategies to identify and develop new sales and marketing opportunities, ensuring profitable growth and a strong client base. Their responsibilities revolve around gathering data, conducting research and analysis, organizing conferences and other events, maintaining records and data, and disseminating information such as proposals, memos, instructional documents, and more. There are also instances when a business development coordinator must liaise with clients and external agencies, even respond to calls and correspondence from customers.
    87,892 Business Development Coordinator Jobs
    New Business Development

    Avg. salary: $96,218

    New business development focuses on new business opportunities and new product innovation, including product design, business model design, and marketing. This includes a wide scope of responsibilities that includes marketing planning, strategic partnerships, and increased profitability. It is the responsibility of new business development agents to be aware of new market opportunities, possibilities for expansion, competitor product developments, and the company's current sources of revenue. This job can be summarized as the source of ideas, initiatives, and activities aimed in the direction of making a business better.
    124,717 New Business Development Jobs
    Business Consultant

    Avg. salary: $85,390

    A business consultant is a professional who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.
    74,606 Business Consultant Jobs
    Business Internship

    Avg. salary: $35,388

    In a business internship, the responsibilities will vary by the directives given by the supervising staff. However, one of the primary duties as an intern is to perform support-related tasks for the department or office where they are assigned. An intern may participate in marketing research and analysis, devising sales strategies, producing progress reports and presentations, and even handling social media accounts for public relations, all while under the supervision of a more experienced colleague.
    63,383 Business Internship Jobs

    Business Advisor Salaries By Years Of Experience

    The salary for a business advisor can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Which Companies Pay Business Advisors The Most?

    If you insist on knowing when your check is going to come and for how much, then you'd be better off working for companies like Shell Energy North America and Dell as they offer the highest salaries for business advisors.
    Company
    LogoRankCompanyAverage Business Advisor SalaryBusiness Advisor Salary Range
    1Shell Energy North America
    4.7
    $124,490
    $91k
    $136k
    2Dell
    4.8
    $123,395
    $91k
    $136k
    3Broadcom
    4.8
    $122,401
    $91k
    $136k
    4Chevron
    5.0
    $120,585
    $91k
    $136k
    5Noble Energy
    4.7
    $117,289
    $91k
    $136k
    6Exxon Mobil
    4.9
    $115,778
    $91k
    $136k

    Recently Added Business Advisor Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Lead Business Risk and Controls Advisor (Mortgage Fraud Risk) (Remote Work Available)
    Phoenix, AZ
    08/05/2021
    $97,200
    08/05/2021
    Business Risk and Controls Advisor Senior (Testing Center of Excellence)
    Chesapeake, VA
    08/05/2021
    $80,200
    08/05/2021
    Business Advisor-Seasoned Executives
    Orlando, FL
    08/05/2021
    $75,000
    08/05/2021
    Business Advisor-Seasoned Executives
    Seattle, WA
    08/05/2021
    $75,000
    08/05/2021
    Business Risk and Controls Advisor Senior-Bank
    Colorado Springs, CO
    08/05/2021
    $80,200
    08/05/2021
    Business Advisor-Seasoned Executives
    Springfield, IL
    08/05/2021
    $75,000
    08/05/2021
    Business Advisor-Seasoned Executives
    Detroit, MI
    08/05/2021
    $75,000
    08/05/2021
    Business Advisor-Seasoned Executives
    Minneapolis, MN
    08/05/2021
    $75,000
    08/05/2021
    Business Risk and Controls Advisor Senior-Bank
    Charlotte, NC
    08/05/2021
    $80,200
    08/05/2021
    Business Advisor-Seasoned Executives
    Asheville, NC
    08/05/2021
    $75,000
    08/05/2021

    Average Business Advisor Salary by Demographic

    Business Advisor Gender Pay Gap

    male-income
    Male Income
    $87,790
    female-income
    Female Income
    $80,595
    Median Business Advisor Income by Race
    Asian business advisors have the highest average salary compared to other ethnicities. Black or african american business advisors have the lowest average salary at $79,329.
    $92,000
    $89,000
    $86,000
    $83,000
    $80,000
    $77,000
    Unknown
    White
    Black or African American
    Asian
    Hispanic or Latino
    Ethnicityascdesc
    Salaryascdesc
    Unknown$83,402
    White$85,216
    Black or African American$79,329
    Asian$90,006
    Hispanic or Latino$83,009
    Average Business Advisor Salary by Education Level
    Business advisors with a Doctorate degree earn more than those without, at $110,865 annually. With a Masters degree, business advisors earn a median annual income of $99,341 compared to $87,790 for business advisors with an Bachelors degree.
    $116,000
    $108,000
    $100,000
    $92,000
    $84,000
    $76,000
    $68,000
    Master's Degree
    Bachelor's Degree
    Doctorate Degree
    Some College/ Associate Degree
    Educationascdesc
    Salaryascdesc
    Master's Degree$99,341
    Bachelor's Degree$87,790
    Doctorate Degree$110,865
    Some College/ Associate Degree$75,752