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Business development associate salary
Average business development associate salary
$65,126
Average Salary Insights for Business Development Associates
The average salary for a Business Development Associate in the United States is currently $65,126 per year. This position typically requires skills in sales, communication, and strategic planning. Salaries can significantly vary based on factors such as location, years of experience, and the specific industry of employment.
State-by-State Breakdown
In states like California and New York, Business Development Associates can expect to earn higher salaries compared to other regions. For instance, top-paying states may offer salaries over $80,000, reflecting the demand for skilled professionals in competitive markets.
Industry Variations
Industries such as technology and finance tend to offer the most lucrative opportunities, with some positions exceeding $90,000 annually. By exploring different sectors, you can identify which industries align best with your career goals and financial expectations.
Conclusion
Understanding the salary landscape is crucial for aspiring Business Development Associates. Utilize this information to navigate your career effectively and seek opportunities that meet your financial needs.
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Where can a Business Development Associate earn more?
Business development associate salary estimates from across the web
Average business development associate salary by state
The average business development associate salary in Connecticut, Oregon, and Washington are the highest in the U.S. The lowest average business development associate salary states are Alaska, Texas, and Wyoming.
- State view
- County view
Highest paying states for business development associates
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Oregon | $83,180 | $39.99 |
| 2 | Connecticut | $83,586 | $40.19 |
| 3 | Massachusetts | $74,210 | $35.68 |
| 4 | New York | $73,518 | $35.35 |
| 5 | Nevada | $62,393 | $30.00 |
| 6 | Michigan | $63,034 | $30.30 |
| 7 | Washington | $79,863 | $38.40 |
| 8 | New Hampshire | $73,999 | $35.58 |
| 9 | Kansas | $62,100 | $29.86 |
| 10 | Wisconsin | $63,116 | $30.34 |
| 11 | Rhode Island | $67,413 | $32.41 |
| 12 | West Virginia | $62,800 | $30.19 |
| 13 | Utah | $67,522 | $32.46 |
| 14 | Pennsylvania | $63,787 | $30.67 |
| 15 | Delaware | $69,851 | $33.58 |
| 16 | Arizona | $63,851 | $30.70 |
| 17 | New Jersey | $71,761 | $34.50 |
| 18 | Ohio | $60,600 | $29.13 |
| 19 | California | $72,406 | $34.81 |
| 20 | Nebraska | $59,121 | $28.42 |
| 21 | Iowa | $60,426 | $29.05 |
| 22 | Maine | $66,217 | $31.84 |
| 23 | Louisiana | $61,683 | $29.66 |
| 24 | South Dakota | $57,641 | $27.71 |
| 25 | Kentucky | $57,886 | $27.83 |
| 26 | Missouri | $58,186 | $27.97 |
| 27 | District of Columbia | $61,052 | $29.35 |
| 28 | Arkansas | $55,282 | $26.58 |
| 29 | North Carolina | $61,568 | $29.60 |
| 30 | Tennessee | $56,094 | $26.97 |
| 31 | Vermont | $62,168 | $29.89 |
| 32 | Virginia | $62,993 | $30.29 |
| 33 | Maryland | $66,872 | $32.15 |
| 34 | North Dakota | $57,143 | $27.47 |
| 35 | Indiana | $55,656 | $26.76 |
| 36 | South Carolina | $55,348 | $26.61 |
| 37 | Minnesota | $53,390 | $25.67 |
| 38 | Hawaii | $60,236 | $28.96 |
| 39 | Idaho | $59,354 | $28.54 |
| 40 | Mississippi | $54,904 | $26.40 |
| 41 | Illinois | $57,829 | $27.80 |
| 42 | Alabama | $54,285 | $26.10 |
| 43 | Wyoming | $52,377 | $25.18 |
| 44 | Colorado | $58,958 | $28.35 |
| 45 | Alaska | $53,031 | $25.50 |
| 46 | New Mexico | $51,782 | $24.90 |
| 47 | Texas | $52,933 | $25.45 |
| 48 | Montana | $54,034 | $25.98 |
| 49 | Oklahoma | $53,452 | $25.70 |
| 50 | Georgia | $51,071 | $24.55 |
| 51 | Florida | $49,978 | $24.03 |
Highest paying cities for business development associates
The highest-paying cities for business development associates are Greenwich, CT, Portland, OR, and Seattle, WA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Greenwich, CT | $83,207 | $40.00 |
| 2 | Portland, OR | $82,570 | $39.70 |
| 3 | Seattle, WA | $80,575 | $38.74 |
| 4 | San Francisco, CA | $80,334 | $38.62 |
| 5 | Boston, MA | $74,306 | $35.72 |
| 6 | Hempstead, NY | $73,735 | $35.45 |
| 7 | Trenton, NJ | $71,307 | $34.28 |
| 8 | Salt Lake City, UT | $67,526 | $32.46 |
| 9 | Baltimore, MD | $67,083 | $32.25 |
| 10 | Arlington, VA | $64,652 | $31.08 |
| 11 | Phoenix, AZ | $64,105 | $30.82 |
| 12 | Philadelphia, PA | $64,071 | $30.80 |
| 13 | Raleigh, NC | $62,668 | $30.13 |
| 14 | Washington, DC | $61,058 | $29.35 |
| 15 | Des Moines, IA | $60,130 | $28.91 |
| 16 | Columbus, OH | $59,922 | $28.81 |
| 17 | Denver, CO | $58,892 | $28.31 |
| 18 | Saint Louis, MO | $58,607 | $28.18 |
| 19 | Chicago, IL | $58,073 | $27.92 |
| 20 | Fargo, ND | $57,544 | $27.67 |
Business development associate salary details
A business development associate's salary ranges from $39,000 a year at the 10th percentile to $106,000 at the 90th percentile.
What is a business development associate's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $106,000 | $8,833 | $51 |
| 75th Percentile | $84,000 | $7,000 | $40 |
| Average | $65,126 | $5,427 | $31 |
| 25th Percentile | $50,000 | $4,167 | $24 |
| 10th Percentile | $39,000 | $3,250 | $19 |
Highest paying business development associate jobs
The highest paying types of business development associates are vice president, business development, business developer, and business development manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Business Advisor | $96,469 | $8,039 | $46.38 | 125,154 |
| Vice President, Business Development | $165,159 | $13,763 | $79.40 | 188,137 |
| Sales Development Representative | $51,504 | $4,292 | $24.76 | 199,588 |
| Business Developer | $101,635 | $8,470 | $48.86 | 193,469 |
| New Business Development | $84,261 | $7,022 | $40.51 | 197,789 |
| Business Development Internship | $33,146 | $2,762 | $15.94 | 147,302 |
How would you rate the starting salaries for business development associates, as well as the prospects for salary advancement?
Kim Chatani
Assistant Professor, Concordia University Irvine
Top companies hiring business development associates now:
Which companies pay business development associates the most?
Business development associate salaries at Kirkland & Ellis and Two Sigma are the highest-paying according to our most recent salary estimates. In addition, the average business development associate salary at companies like Arrowstreet Capital and PitchBook Data are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Kirkland & Ellis | $141,073 | $67.82 |
| 2 | Two Sigma | $125,379 | $60.28 |
| 3 | Arrowstreet Capital | $121,587 | $58.46 |
| 4 | PitchBook Data | $120,517 | $57.94 |
| 5 | $120,501 | $57.93 | |
| 6 | WorldQuant | $116,999 | $56.25 |
| 7 | ZERO POINT ZERO | $116,524 | $56.02 |
| 8 | Invesco | $115,884 | $55.71 |
| 9 | AQR Capital Management | $115,182 | $55.38 |
| 10 | Goldman Sachs | $109,092 | $52.45 |
| 11 | Envestnet | $108,492 | $52.16 |
| 12 | Royal Bank of Canada | $108,439 | $52.13 |
| 13 | Moody's | $108,280 | $52.06 |
| 14 | BlackRock | $108,096 | $51.97 |
| 15 | HSBC Bank | $107,459 | $51.66 |
| 16 | Mesirow | $107,344 | $51.61 |
| 17 | Endemol Shine North America | $107,055 | $51.47 |
| 18 | Cisco | $107,046 | $51.46 |
| 19 | Blackstone Group | $106,006 | $50.96 |
| 20 | The Daily Muse | $104,728 | $50.35 |
Wage gap by gender, race and education
Business Development Associate salary by industry
The average business development associate salary varies across industries:
- The average business development associate salary in the automotive industry is $80,697, the highest of any industry.
- The average business development associate salary in the finance industry is $75,474.
- Business development associates in the technology industry earn an average salary of $61,408, the lowest of any industry.
Highest paying industries for business development associates
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Automotive | $80,697 | $38.80 |
| 2 | Media | $75,474 | $36.29 |
| 3 | Finance | $75,076 | $36.09 |
| 4 | Retail | $71,231 | $34.25 |
| 5 | Professional | $64,043 | $30.79 |
| 6 | Technology | $61,408 | $29.52 |
High paying business development associate jobs
Business development associate salary trends
The average business development associate salary has risen by $9,585 over the last ten years. In 2014, the average business development associate earned $55,541 annually, but today, they earn $65,126 a year. That works out to a 9% change in pay for business development associates over the last decade.
Compare business development associate salaries for cities or states with the national average over time.
Average business development associate salary over time
Compare business development associate salaries for individual cities or states with the national average.
Business development associate salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $65,100 | $31.31 | +3.8% |
| 2024 | $62,600 | $30.12 | +2.3% |
| 2023 | $61,200 | $29.41 | +0.7% |
| 2022 | $60,700 | $29.20 | +1.4% |
| 2021 | $59,900 | $28.79 | +1.3% |
Recently added business development associate salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| CAMS | Business Development Associate | Charleston, SC | 06/30/2025 | $45,000 |
| LPL Financial | Business Development Associate | Austin, TX | 06/30/2025 | $55,326 |
| Morgan Stanley | Associate, Institutional Business Development-Parametric | Boston, MA | 06/29/2025 | $70,000 |
| Embrace Home Loans | Business Development Associate | Noma, FL | 06/29/2025 | $40,133 |
| Headway | Senior Business Development Associate | New York, NY | 06/29/2025 | $90,440 |
| Applovin | Business Development Associate | Palo Alto, CA | 06/29/2025 | $81,900 |
| Jun Group | Business Development Associate | New York, NY | 06/29/2025 | $55,000 |
| Vaco Binary Semantics | Business Development Associate | Detroit, MI | 06/29/2025 | $50,000 |
| Better | Associate-Business Development (Partnerships) | New York, NY | 06/29/2025 | $125,000 |
| Contact Government Services | Business Development Associate | San Antonio, TX | 06/29/2025 | $80,000 |
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