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Business associate salary
Average business associate salary
$72,369
Average Business Associate Salary
As of October 2025, the average salary for a Business Associate stands at $72,369 annually. This figure can vary significantly based on several factors, including location, years of experience, and the specific industry. For example, business associates in high-demand areas or specialized sectors may earn notably more.
Highest Paying States
States like California, New York, and Washington frequently offer some of the highest salaries for this role. The cost of living in these areas is also a consideration, impacting overall compensation.
Career Opportunities
Business associates work in diverse industries, including finance, healthcare, and technology. Each sector presents unique opportunities for growth and higher salaries. Understanding the specific requirements and salary expectations in your desired field can aid in career advancement.
Salary Insights
Utilizing resources like Zippia can provide valuable insights into average salaries, helping job seekers gauge their earning potential. By staying informed about market trends, individuals can make strategic decisions about their career paths.
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Where can a Business Associate earn more?
Business associate salary estimates from across the web
Average business associate salary by state
The average business associate salary in California, New York, and Massachusetts are the highest in the U.S. The lowest average business associate salary states are Nebraska, Florida, and Colorado.
- State view
- County view
Highest paying states for business associates
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Delaware | $81,848 | $39.35 |
| 2 | Ohio | $70,926 | $34.10 |
| 3 | New York | $82,173 | $39.51 |
| 4 | Massachusetts | $82,121 | $39.48 |
| 5 | Nevada | $65,286 | $31.39 |
| 6 | West Virginia | $66,975 | $32.20 |
| 7 | New Jersey | $81,023 | $38.95 |
| 8 | Connecticut | $76,464 | $36.76 |
| 9 | California | $82,481 | $39.65 |
| 10 | Rhode Island | $70,116 | $33.71 |
| 11 | Oregon | $76,542 | $36.80 |
| 12 | Wisconsin | $62,474 | $30.04 |
| 13 | Maine | $67,400 | $32.40 |
| 14 | Iowa | $61,064 | $29.36 |
| 15 | Pennsylvania | $68,997 | $33.17 |
| 16 | Washington | $73,264 | $35.22 |
| 17 | Kansas | $60,252 | $28.97 |
| 18 | Michigan | $60,571 | $29.12 |
| 19 | Minnesota | $60,587 | $29.13 |
| 20 | Vermont | $64,240 | $30.88 |
| 21 | Kentucky | $59,065 | $28.40 |
| 22 | North Carolina | $65,066 | $31.28 |
| 23 | Arizona | $63,964 | $30.75 |
| 24 | South Dakota | $57,208 | $27.50 |
| 25 | Illinois | $65,835 | $31.65 |
| 26 | Virginia | $66,317 | $31.88 |
| 27 | Louisiana | $59,720 | $28.71 |
| 28 | New Hampshire | $62,570 | $30.08 |
| 29 | Indiana | $58,229 | $27.99 |
| 30 | Texas | $60,984 | $29.32 |
| 31 | Missouri | $57,189 | $27.49 |
| 32 | Tennessee | $55,840 | $26.85 |
| 33 | Arkansas | $54,423 | $26.16 |
| 34 | North Dakota | $58,327 | $28.04 |
| 35 | District of Columbia | $62,433 | $30.02 |
| 36 | South Carolina | $56,074 | $26.96 |
| 37 | Maryland | $62,803 | $30.19 |
| 38 | New Mexico | $53,184 | $25.57 |
| 39 | Nebraska | $49,673 | $23.88 |
| 40 | Mississippi | $53,499 | $25.72 |
| 41 | Montana | $49,715 | $23.90 |
| 42 | Oklahoma | $52,397 | $25.19 |
| 43 | Hawaii | $59,973 | $28.83 |
| 44 | Alaska | $44,862 | $21.57 |
| 45 | Idaho | $53,683 | $25.81 |
| 46 | Alabama | $48,390 | $23.26 |
| 47 | Wyoming | $48,395 | $23.27 |
| 48 | Utah | $52,430 | $25.21 |
| 49 | Georgia | $49,752 | $23.92 |
| 50 | Florida | $49,120 | $23.62 |
| 51 | Colorado | $48,446 | $23.29 |
Highest paying cities for business associates
The highest-paying cities for business associates are San Francisco, CA, New York, NY, and Wilmington, DE.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $87,393 | $42.02 |
| 2 | New York, NY | $82,325 | $39.58 |
| 3 | Wilmington, DE | $82,104 | $39.47 |
| 4 | Boston, MA | $82,012 | $39.43 |
| 5 | Ridgewood, NJ | $81,225 | $39.05 |
| 6 | New Haven, CT | $76,598 | $36.83 |
| 7 | Seattle, WA | $73,817 | $35.49 |
| 8 | Cleveland, OH | $73,468 | $35.32 |
| 9 | Philadelphia, PA | $69,333 | $33.33 |
| 10 | McLean, VA | $68,027 | $32.71 |
| 11 | Chicago, IL | $66,461 | $31.95 |
| 12 | Wilmington, NC | $64,801 | $31.15 |
| 13 | Phoenix, AZ | $64,193 | $30.86 |
| 14 | Baltimore, MD | $63,081 | $30.33 |
| 15 | Washington, DC | $62,491 | $30.04 |
| 16 | San Antonio, TX | $61,646 | $29.64 |
| 17 | Detroit, MI | $60,923 | $29.29 |
| 18 | Minneapolis, MN | $60,590 | $29.13 |
| 19 | West Des Moines, IA | $60,036 | $28.86 |
| 20 | Saint Louis, MO | $58,161 | $27.96 |
Business associate salary details
A business associate's salary ranges from $46,000 a year at the 10th percentile to $111,000 at the 90th percentile.
What is a business associate's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $111,000 | $9,250 | $53 |
| 75th Percentile | $91,000 | $7,583 | $44 |
| Average | $72,369 | $6,031 | $35 |
| 25th Percentile | $57,000 | $4,750 | $27 |
| 10th Percentile | $46,000 | $3,833 | $22 |
Highest paying business associate jobs
The highest paying types of business associates are business developer, business advisor, and business consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Coordinator | $41,599 | $3,467 | $20.00 | 151,508 |
| Business Development Internship | $33,146 | $2,762 | $15.94 | 147,302 |
| Business Development Consultant | $85,153 | $7,096 | $40.94 | 168,111 |
| Business Development Coordinator | $58,362 | $4,863 | $28.06 | 133,973 |
| Business Internship | $35,282 | $2,940 | $16.96 | 97,196 |
| Business Developer | $101,635 | $8,470 | $48.86 | 193,469 |
Top companies hiring business associates now:
Which companies pay business associates the most?
Business associate salaries at The Citadel and Two Sigma are the highest-paying according to our most recent salary estimates. In addition, the average business associate salary at companies like Crown Castle International and BMO Capital Markets are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | The Citadel | $122,643 | $58.96 |
| 2 | Two Sigma | $116,346 | $55.94 |
| 3 | Crown Castle International | $110,843 | $53.29 |
| 4 | BMO Capital Markets | $109,585 | $52.69 |
| 5 | Neuberger Berman | $109,302 | $52.55 |
| 6 | ORIX USA | $108,847 | $52.33 |
| 7 | Cambridge Associates | $106,774 | $51.33 |
| 8 | Better | $106,291 | $51.10 |
| 9 | $105,898 | $50.91 | |
| 10 | Davidson Kempner | $105,381 | $50.66 |
| 11 | Jump Trading | $105,276 | $50.61 |
| 12 | Meta | $105,198 | $50.58 |
| 13 | Dimensional Fund Advisors | $104,513 | $50.25 |
| 14 | Citi | $102,940 | $49.49 |
| 15 | Goldman Sachs | $101,568 | $48.83 |
| 16 | Morgan Stanley | $101,486 | $48.79 |
| 17 | Barclays | $100,685 | $48.41 |
| 18 | MPG | $100,519 | $48.33 |
| 19 | SoFi | $99,484 | $47.83 |
| 20 | $99,359 | $47.77 |
Wage gap by gender, race and education
Business Associate salary by industry
The average business associate salary varies across industries:
- The average business associate salary in the finance industry is $81,202, the highest of any industry.
- The average business associate salary in the finance industry is $75,751.
- Business associates in the retail industry earn an average salary of $56,371, the lowest of any industry.
Highest paying industries for business associates
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $81,202 | $39.04 |
| 2 | Professional | $75,751 | $36.42 |
| 3 | Technology | $72,309 | $34.76 |
| 4 | Manufacturing | $70,493 | $33.89 |
| 5 | Health Care | $57,865 | $27.82 |
| 6 | Retail | $56,371 | $27.10 |
High paying business associate jobs
Business associate salary trends
The average business associate salary has risen by $10,651 over the last ten years. In 2014, the average business associate earned $61,718 annually, but today, they earn $72,369 a year. That works out to a 9% change in pay for business associates over the last decade.
Compare business associate salaries for cities or states with the national average over time.
Average business associate salary over time
Compare business associate salaries for individual cities or states with the national average.
Business associate salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $72,400 | $34.79 | +3.8% |
| 2024 | $69,600 | $33.47 | +2.3% |
| 2023 | $68,000 | $32.68 | +0.7% |
| 2022 | $67,500 | $32.44 | +1.4% |
| 2021 | $66,500 | $31.99 | +1.3% |
Recently added business associate salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Wheels | Fleet Business Associate | Little Rock, AR | 06/30/2025 | $59,300 |
| Wheels | Fleet Business Associate | Nashville, TN | 06/30/2025 | $59,300 |
| Neuberger Berman | Business Associate | Day, NY | 06/30/2025 | $70,000 |
| Get It-Marketing | New Business Associate, Integrated Marketing-Remote | New York, NY | 06/29/2025 | $60,000 |
| BDO USA | Experienced Associate, Business Incentives Group | Los Angeles, CA | 06/27/2025 | $63,000 |
| Mount Sinai Health System | Business Associate B-Anatomic Pathology-Mount Sinai Hospital-Nights (6PM-2AM Incl | New York, NY | 06/27/2025 | $50,422 |
| Hackensack Meridian Health | Business Associate Staffing | Tinton Falls, NJ | 06/26/2025 | $42,408 |
| Highmark Health | Associate Architect-Business Architecture | Baton Rouge, LA | 06/26/2025 | $57,700 |
| Highmark Health | Associate Architect-Business Architecture | Nashville, TN | 06/26/2025 | $57,700 |
| Highmark Health | Associate Architect-Business Architecture | Austin, TX | 06/26/2025 | $57,700 |
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