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Business development consultant salary
Average business development consultant salary
$85,153
Understanding Business Development Consultant Salaries
As of October 2025, the average salary for a Business Development Consultant is approximately $85,153 per year or around $41 per hour. These figures can fluctuate based on factors such as geographic location, industry, and years of experience. For instance, consultants in technology or finance sectors often see higher compensation.
Salary Variances by State
States such as California and New York consistently list some of the highest salaries for this role, reflecting the demand for skilled consultants in urban areas. In contrast, regions with lower costs of living may offer reduced salary scales.
Top Industries for Business Development Consultants
Industries such as technology, healthcare, and finance tend to offer lucrative opportunities for business development consultants. Each sector emphasizes different skills, from technical acumen in tech firms to relationship management in healthcare.
Overall, this profession not only presents competitive salaries but also a variety of pathways for career advancement, making it an appealing choice for those looking to make an impact in the business world.
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Where can a Business Development Consultant earn more?
Business development consultant salary estimates from across the web
Average business development consultant salary by state
The highest-paying states for business development consultants are Pennsylvania, Alaska, and Rhode Island. The lowest average business development consultant salary states are Wyoming, New Mexico, and Georgia.
- State view
- County view
Highest paying states for business development consultants
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Pennsylvania | $112,451 | $54.06 |
| 2 | Alaska | $110,793 | $53.27 |
| 3 | Minnesota | $104,247 | $50.12 |
| 4 | District of Columbia | $109,967 | $52.87 |
| 5 | New Hampshire | $97,563 | $46.91 |
| 6 | Rhode Island | $105,696 | $50.82 |
| 7 | North Dakota | $104,031 | $50.01 |
| 8 | Nevada | $95,661 | $45.99 |
| 9 | Michigan | $96,880 | $46.58 |
| 10 | West Virginia | $89,195 | $42.88 |
| 11 | Illinois | $98,265 | $47.24 |
| 12 | Connecticut | $103,271 | $49.65 |
| 13 | Massachusetts | $100,733 | $48.43 |
| 14 | Maine | $83,567 | $40.18 |
| 15 | Tennessee | $81,669 | $39.26 |
| 16 | Virginia | $97,689 | $46.97 |
| 17 | Idaho | $91,914 | $44.19 |
| 18 | Utah | $81,606 | $39.23 |
| 19 | Oregon | $92,606 | $44.52 |
| 20 | Washington | $96,252 | $46.27 |
| 21 | Delaware | $93,492 | $44.95 |
| 22 | Vermont | $84,987 | $40.86 |
| 23 | Oklahoma | $81,907 | $39.38 |
| 24 | California | $91,790 | $44.13 |
| 25 | Kentucky | $82,427 | $39.63 |
| 26 | Missouri | $82,964 | $39.89 |
| 27 | Nebraska | $81,071 | $38.98 |
| 28 | New York | $93,667 | $45.03 |
| 29 | Texas | $88,019 | $42.32 |
| 30 | Ohio | $80,995 | $38.94 |
| 31 | Montana | $78,554 | $37.77 |
| 32 | South Dakota | $74,096 | $35.62 |
| 33 | Wisconsin | $78,021 | $37.51 |
| 34 | Maryland | $89,123 | $42.85 |
| 35 | Iowa | $78,384 | $37.68 |
| 36 | New Jersey | $88,779 | $42.68 |
| 37 | Arkansas | $73,404 | $35.29 |
| 38 | Indiana | $78,884 | $37.92 |
| 39 | Alabama | $73,862 | $35.51 |
| 40 | Louisiana | $78,662 | $37.82 |
| 41 | North Carolina | $78,250 | $37.62 |
| 42 | New Mexico | $70,806 | $34.04 |
| 43 | Kansas | $72,237 | $34.73 |
| 44 | Arizona | $75,048 | $36.08 |
| 45 | South Carolina | $73,194 | $35.19 |
| 46 | Hawaii | $56,350 | $27.09 |
| 47 | Mississippi | $71,079 | $34.17 |
| 48 | Wyoming | $70,960 | $34.12 |
| 49 | Georgia | $69,567 | $33.45 |
| 50 | Florida | $58,393 | $28.07 |
| 51 | Colorado | $67,464 | $32.43 |
Highest paying cities for business development consultants
The highest-paying cities for business development consultants are Minneapolis, MN, San Francisco, CA, and Hartford, CT.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Minneapolis, MN | $104,379 | $50.18 |
| 2 | San Francisco, CA | $103,845 | $49.93 |
| 3 | Hartford, CT | $103,305 | $49.67 |
| 4 | Boston, MA | $100,631 | $48.38 |
| 5 | Alexandria, VA | $100,300 | $48.22 |
| 6 | Chicago, IL | $98,678 | $47.44 |
| 7 | New York, NY | $93,783 | $45.09 |
| 8 | Fort Worth, TX | $89,252 | $42.91 |
| 9 | Edison, NJ | $88,823 | $42.70 |
| 10 | Columbus, OH | $80,656 | $38.78 |
| 11 | Durham, NC | $80,036 | $38.48 |
| 12 | Cedar Rapids, IA | $79,325 | $38.14 |
| 13 | Phoenix, AZ | $75,522 | $36.31 |
| 14 | Atlanta, GA | $70,069 | $33.69 |
| 15 | Denver, CO | $67,453 | $32.43 |
| 16 | Orlando, FL | $58,894 | $28.31 |
Business development consultant salary details
A business development consultant's salary ranges from $52,000 a year at the 10th percentile to $137,000 at the 90th percentile.
What is a business development consultant's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $137,000 | $11,417 | $66 |
| 75th Percentile | $109,000 | $9,083 | $52 |
| Average | $85,153 | $7,096 | $41 |
| 25th Percentile | $66,000 | $5,500 | $32 |
| 10th Percentile | $52,000 | $4,333 | $25 |
Highest paying business development consultant jobs
The highest paying types of business development consultants are vice president, business development, senior business development manager, and strategy consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Business Advisor | $96,469 | $8,039 | $46.38 | 125,154 |
| Strategy Consultant | $115,244 | $9,604 | $55.41 | 70,241 |
| Solutions Consultant | $94,839 | $7,903 | $45.60 | 103,093 |
| Marketing Consultant | $70,593 | $5,883 | $33.94 | 88,935 |
| Vice President, Business Development | $165,159 | $13,763 | $79.40 | 188,137 |
| Small Business Consultant | $47,982 | $3,999 | $23.07 | 116,476 |
Top companies hiring business development consultants now:
Which companies pay business development consultants the most?
Business development consultant salaries at Veeva Systems and Dell are the highest-paying according to our most recent salary estimates. In addition, the average business development consultant salary at companies like HP and UBS are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Veeva Systems | $128,122 | $61.60 |
| 2 | Dell | $127,344 | $61.22 |
| 3 | HP | $124,853 | $60.03 |
| 4 | UBS | $114,832 | $55.21 |
| 5 | United Nations Foundation | $113,836 | $54.73 |
| 6 | Medtronic | $113,020 | $54.34 |
| 7 | ARRIS | $111,963 | $53.83 |
| 8 | Verizon Data Services Inc | $111,246 | $53.48 |
| 9 | Cox Media Group | $110,841 | $53.29 |
| 10 | GBS | $109,769 | $52.77 |
| 11 | Cargill | $105,696 | $50.82 |
| 12 | AssetMark | $104,548 | $50.26 |
| 13 | Siemens | $101,800 | $48.94 |
| 14 | Motorola Solutions | $101,513 | $48.80 |
| 15 | Steelcase | $99,315 | $47.75 |
| 16 | Verizon Communications | $99,276 | $47.73 |
| 17 | Korn Ferry | $99,099 | $47.64 |
| 18 | Adtalem Global Education | $96,405 | $46.35 |
| 19 | Good Shepherd Hospice | $96,187 | $46.24 |
| 20 | KBKG | $95,185 | $45.76 |
Wage gap by gender, race and education
Business Development Consultant salary by industry
The average business development consultant salary varies across industries:
- The average business development consultant salary in the media industry is $95,927, the highest of any industry.
- The average business development consultant salary in the finance industry is $90,871.
- Business development consultants in the professional industry earn an average salary of $80,752, the lowest of any industry.
Highest paying industries for business development consultants
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Media | $95,927 | $46.12 |
| 2 | Finance | $90,871 | $43.69 |
| 3 | Technology | $85,078 | $40.90 |
| 4 | Retail | $82,796 | $39.81 |
| 5 | Health Care | $82,601 | $39.71 |
| 6 | Professional | $80,752 | $38.82 |
High paying business development consultant jobs
Business development consultant salary trends
The average business development consultant salary has risen by $12,532 over the last ten years. In 2014, the average business development consultant earned $72,621 annually, but today, they earn $85,153 a year. That works out to a 9% change in pay for business development consultants over the last decade.
Compare business development consultant salaries for cities or states with the national average over time.
Average business development consultant salary over time
Compare business development consultant salaries for individual cities or states with the national average.
Business development consultant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $85,200 | $40.94 | +3.8% |
| 2024 | $81,900 | $39.38 | +2.3% |
| 2023 | $80,000 | $38.46 | +0.7% |
| 2022 | $79,400 | $38.17 | +1.4% |
| 2021 | $78,300 | $37.65 | +1.3% |
Recently added business development consultant salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Axis Communications | Business Development Consultant, Cloud Platforms | Chelmsford, MA | 06/30/2025 | $115,000 |
| Assetmark | Business Development Consultant (Sales) | Chicago, IL | 06/30/2025 | $65,000 |
| Paragoncommunity | Business Information Developer Consultant-ETL Developer | Chicago, IL | 06/29/2025 | $110,440 |
| U.S. Bank | Enterprise Business Development Consultant-Outside Sales | Minneapolis, MN | 06/28/2025 | $98,175 |
| U.S. Bank | Enterprise Business Development Consultant-Outside Sales | Overland Park, KS | 06/28/2025 | $98,175 |
| Carebridge | Business Information Developer Consultant-ETL Developer | Chicago, IL | 06/27/2025 | $110,440 |
| Elevance Health | Business Information Developer Consultant-ETL Developer | Chicago, IL | 06/26/2025 | $110,440 |
| Imarc | Business Development Consultant | Amesbury Town, MA | 06/24/2025 | $65,000 |
| Rentokil Initial | Business Development Consultant | Phoenix, AZ | 06/21/2025 | $67,000 |
| The Hartford | Business Development Consultant-Pacific Northwest | Wayne, PA | 06/20/2025 | $125,000 |
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