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Business developer hiring summary. Here are some key points about hiring business developers in the United States:
Here's a step-by-step business developer hiring guide:
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Before you post your business developer job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a business developer for hire on a part-time basis or as a contractor.
A business developer's background is also an important factor in determining whether they'll be a good fit for the position. For example, business developers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of business developer salaries for various roles:
| Type of Business Developer | Description | Hourly rate |
|---|---|---|
| Business Developer | $31-75 | |
| Small Business Consultant | 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... Show more | $16-31 |
| Business Consultant | 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... Show more | $30-56 |
Including a salary range in the business developer job description is a good way to get more applicants. A business developer salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a business developer in Mississippi may be lower than in California, and an entry-level engineer typically earns less than a senior-level business developer. Additionally, a business developer with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $139,791 | $67 |
| 2 | Washington | $126,210 | $61 |
| 3 | Maryland | $114,191 | $55 |
| 4 | New York | $113,835 | $55 |
| 5 | Kentucky | $112,350 | $54 |
| 6 | Pennsylvania | $106,278 | $51 |
| 7 | Georgia | $102,639 | $49 |
| 8 | Indiana | $101,804 | $49 |
| 9 | Massachusetts | $101,090 | $49 |
| 10 | Wisconsin | $99,795 | $48 |
| 11 | Ohio | $99,378 | $48 |
| 12 | Illinois | $95,810 | $46 |
| 13 | Arizona | $95,651 | $46 |
| 14 | Nebraska | $94,981 | $46 |
| 15 | North Carolina | $94,611 | $45 |
| 16 | Virginia | $94,135 | $45 |
| 17 | Minnesota | $91,816 | $44 |
| 18 | Colorado | $89,801 | $43 |
| 19 | Tennessee | $89,785 | $43 |
| 20 | Texas | $86,719 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Apple | $169,943 | $81.70 | 47 |
| 2 | Discovery | $167,204 | $80.39 | |
| 3 | eBay | $164,119 | $78.90 | |
| 4 | PayPal | $163,969 | $78.83 | 11 |
| 5 | Meta | $161,485 | $77.64 | 213 |
| 6 | Forest City Realty Trust | $159,805 | $76.83 | |
| 7 | Cravath | $154,279 | $74.17 | |
| 8 | Amazon | $153,702 | $73.90 | 387 |
| 9 | Redfin | $153,179 | $73.64 | 7 |
| 10 | Slalom | $148,765 | $71.52 | 112 |
| 11 | Concentrix | $148,636 | $71.46 | 6 |
| 12 | Sojern | $146,272 | $70.32 | |
| 13 | Ziff Davis | $142,578 | $68.55 | |
| 14 | Commonwealth | $141,819 | $68.18 | |
| 15 | Square | $141,239 | $67.90 | |
| 16 | Frito-Lay | $140,760 | $67.67 | |
| 17 | Sophos | $140,338 | $67.47 | 11 |
| 18 | American Tower | $139,470 | $67.05 | |
| 19 | Palo Alto Networks | $138,003 | $66.35 | 41 |
| 20 | Microsoft | $137,673 | $66.19 | 43 |
A job description for a business developer role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a business developer job description:
To find business developers for your business, try out a few different recruiting strategies:
Your first interview with business developer candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the business developer position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting business developers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $101,635 per year for a business developer, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for business developers in the US typically range between $31 and $75 an hour.