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Business development analyst salary
Average business development analyst salary
$59,867
Average Business Development Analyst Salary
The average salary for a Business Development Analyst is currently $59,867 annually, or about $29 per hour. Factors such as geographic location, years of experience, and industry sector significantly impact these figures. For instance, analysts in high-demand states may earn upwards of $70,000 per year, reflecting the competitive nature of the job market.
Salary by Experience Level
Entry-level analysts can expect a starting salary around $45,000, while those with several years of experience can see their earnings rise to $75,000 or more. Additionally, specialized roles within business development, such as those focused on data analysis or strategic planning, often command higher salaries.
Regional Salary Variations
Business Development Analysts working in metropolitan areas tend to earn more due to the higher cost of living and concentration of businesses. For example, analysts in California and New York report some of the highest salaries in the field. Understanding these regional differences can assist job seekers in making informed career decisions.
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Where can a Business Development Analyst earn more?
Business development analyst salaries by experience level
Business development analyst salary estimates from across the web
Average business development analyst salary by state
The average business development analyst salary in Washington, Oregon, and New Jersey are the highest in the U.S. The lowest average business development analyst salary states are Hawaii, Louisiana, and Mississippi.
- State view
- County view
Highest paying states for business development analysts
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Minnesota | $74,225 | $35.69 |
| 2 | Michigan | $74,446 | $35.79 |
| 3 | Rhode Island | $75,772 | $36.43 |
| 4 | Oregon | $80,365 | $38.64 |
| 5 | Alaska | $72,823 | $35.01 |
| 6 | District of Columbia | $74,275 | $35.71 |
| 7 | Maryland | $78,095 | $37.55 |
| 8 | Massachusetts | $77,895 | $37.45 |
| 9 | Washington | $93,126 | $44.77 |
| 10 | Virginia | $69,488 | $33.41 |
| 11 | New Jersey | $80,222 | $38.57 |
| 12 | Connecticut | $78,978 | $37.97 |
| 13 | Missouri | $66,359 | $31.90 |
| 14 | Pennsylvania | $67,664 | $32.53 |
| 15 | New York | $71,759 | $34.50 |
| 16 | Arizona | $63,774 | $30.66 |
| 17 | Iowa | $68,313 | $32.84 |
| 18 | Colorado | $72,849 | $35.02 |
| 19 | Delaware | $64,665 | $31.09 |
| 20 | Ohio | $62,700 | $30.14 |
| 21 | Wisconsin | $61,247 | $29.45 |
| 22 | Illinois | $64,804 | $31.16 |
| 23 | South Dakota | $57,030 | $27.42 |
| 24 | Wyoming | $55,099 | $26.49 |
| 25 | Tennessee | $58,845 | $28.29 |
| 26 | Indiana | $60,618 | $29.14 |
| 27 | New Hampshire | $65,094 | $31.30 |
| 28 | Vermont | $60,873 | $29.27 |
| 29 | Texas | $56,185 | $27.01 |
| 30 | Montana | $54,797 | $26.34 |
| 31 | California | $63,388 | $30.48 |
| 32 | Idaho | $61,470 | $29.55 |
| 33 | North Dakota | $55,013 | $26.45 |
| 34 | North Carolina | $59,876 | $28.79 |
| 35 | Nebraska | $52,253 | $25.12 |
| 36 | Hawaii | $48,866 | $23.49 |
| 37 | Nevada | $51,411 | $24.72 |
| 38 | New Mexico | $50,693 | $24.37 |
| 39 | Georgia | $51,868 | $24.94 |
| 40 | Kansas | $49,077 | $23.59 |
| 41 | Alabama | $51,434 | $24.73 |
| 42 | West Virginia | $50,638 | $24.35 |
| 43 | Oklahoma | $52,687 | $25.33 |
| 44 | Maine | $54,817 | $26.35 |
| 45 | Utah | $52,811 | $25.39 |
| 46 | Kentucky | $49,240 | $23.67 |
| 47 | Arkansas | $41,169 | $19.79 |
| 48 | Florida | $43,010 | $20.68 |
| 49 | Louisiana | $48,795 | $23.46 |
| 50 | Mississippi | $44,876 | $21.57 |
| 51 | South Carolina | $42,159 | $20.27 |
Highest paying cities for business development analysts
The highest-paying cities for business development analysts are Seattle, WA, Edison, NJ, and Baltimore, MD.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Seattle, WA | $93,923 | $45.16 |
| 2 | Edison, NJ | $80,207 | $38.56 |
| 3 | Baltimore, MD | $78,485 | $37.73 |
| 4 | Boston, MA | $77,933 | $37.47 |
| 5 | Washington, DC | $74,331 | $35.74 |
| 6 | Minneapolis, MN | $74,160 | $35.65 |
| 7 | Denver, CO | $72,931 | $35.06 |
| 8 | Arlington, VA | $71,936 | $34.58 |
| 9 | New York, NY | $71,818 | $34.53 |
| 10 | San Francisco, CA | $69,729 | $33.52 |
| 11 | Philadelphia, PA | $67,820 | $32.61 |
| 12 | Chicago, IL | $65,218 | $31.35 |
| 13 | Charlotte, NC | $58,344 | $28.05 |
| 14 | Arlington, TX | $57,043 | $27.42 |
| 15 | Alpharetta, GA | $52,535 | $25.26 |
| 16 | Metairie, LA | $48,346 | $23.24 |
| 17 | Tampa, FL | $43,431 | $20.88 |
Business development analyst salary details
A business development analyst's salary ranges from $39,000 a year at the 10th percentile to $91,000 at the 90th percentile.
What is a business development analyst's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $91,000 | $7,583 | $44 |
| 75th Percentile | $74,000 | $6,167 | $36 |
| Average | $59,867 | $4,989 | $29 |
| 25th Percentile | $47,000 | $3,917 | $23 |
| 10th Percentile | $39,000 | $3,250 | $19 |
Highest paying business development analyst jobs
The highest paying types of business development analysts are lead business analyst, staff analyst, and senior business analyst.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Analyst | $73,007 | $6,084 | $35.10 | 253,138 |
| Staff Analyst | $99,158 | $8,263 | $47.67 | 174,178 |
| Program Analyst | $75,039 | $6,253 | $36.08 | 156,716 |
| Data Analyst | $74,342 | $6,195 | $35.74 | 167,520 |
| Business Analyst Internship | $45,560 | $3,797 | $21.90 | 157,977 |
| Contractor-Business Analyst | $87,402 | $7,283 | $42.02 | 147,698 |
Top companies hiring business development analysts now:
Which companies pay business development analysts the most?
Business development analyst salaries at Microsoft and Apple are the highest-paying according to our most recent salary estimates. In addition, the average business development analyst salary at companies like Google and Pacific Investment Management Company LLC are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Microsoft | $119,076 | $57.25 |
| 2 | Apple | $119,053 | $57.24 |
| 3 | $118,028 | $56.74 | |
| 4 | Pacific Investment Management Company LLC | $107,930 | $51.89 |
| 5 | Paul, Weiss, Rifkind, Wharton & Garrison | $106,881 | $51.39 |
| 6 | AQR Capital Management | $106,842 | $51.37 |
| 7 | Applied Materials | $106,766 | $51.33 |
| 8 | AstraZeneca | $104,330 | $50.16 |
| 9 | Cambridge Associates | $100,334 | $48.24 |
| 10 | Yahoo | $96,788 | $46.53 |
| 11 | Brex | $96,712 | $46.50 |
| 12 | Point72 | $95,991 | $46.15 |
| 13 | Lam Research | $95,157 | $45.75 |
| 14 | Harmonic | $95,078 | $45.71 |
| 15 | BNP Paribas | $94,497 | $45.43 |
| 16 | Synopsys | $94,400 | $45.38 |
| 17 | TechnipFMC | $93,694 | $45.05 |
| 18 | Ralph Lauren | $89,830 | $43.19 |
| 19 | Albemarle | $89,501 | $43.03 |
| 20 | Goldman Sachs | $89,374 | $42.97 |
Wage gap by gender, race and education
Business Development Analyst salary by industry
The average business development analyst salary varies across industries:
- The average business development analyst salary in the technology industry is $71,825, the highest of any industry.
- The average business development analyst salary in the finance industry is $65,771.
- Business development analysts in the transportation industry earn an average salary of $53,691, the lowest of any industry.
Highest paying industries for business development analysts
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Technology | $71,825 | $34.53 |
| 2 | Manufacturing | $65,771 | $31.62 |
| 3 | Media | $56,180 | $27.01 |
| 4 | Hospitality | $55,109 | $26.49 |
| 5 | Transportation | $53,691 | $25.81 |
High paying business development analyst jobs
Business development analyst salary trends
The average business development analyst salary has risen by $6,263 over the last ten years. In 2014, the average business development analyst earned $53,604 annually, but today, they earn $59,867 a year. That works out to a 8% change in pay for business development analysts over the last decade.
Compare business development analyst salaries for cities or states with the national average over time.
Average business development analyst salary over time
Compare business development analyst salaries for individual cities or states with the national average.
Business development analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $59,900 | $28.78 | +2.7% |
| 2024 | $58,200 | $27.99 | +1.9% |
| 2023 | $57,100 | $27.45 | +1.4% |
| 2022 | $56,300 | $27.07 | +1.4% |
| 2021 | $55,500 | $26.70 | +0.0% |
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