Working as a Business Development Executive

There is more than meets the eye when it comes to being a business development executive. For example, did you know that they make an average of $48.78 an hour? That's $101,455 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.

What Does a Business Development Executive Do

There are certain skills that many business development executives have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, leadership skills and creativity.

When it comes to the most important skills required to be a business development executive, we found that a lot of resumes listed 13.6% of business development executives included business development, while 11.8% of resumes included sales process, and 10.1% of resumes included development executive. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business development executive job title. But what industry to start with? Most business development executives actually find jobs in the technology and professional industries.

How To Become a Business Development Executive

If you're interested in becoming a business development executive, one of the first things to consider is how much education you need. We've determined that 53.4% of business development executives have a bachelor's degree. In terms of higher education levels, we found that 31.5% of business development executives have master's degrees. Even though most business development executives have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a business development executive. When we researched the most common majors for a business development executive, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business development executive resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a business development executive. In fact, many business development executive jobs require experience in a role such as account executive. Meanwhile, many business development executives also have previous career experience in roles such as account manager or sales representative.

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Average Salary$101,455
Job Growth Rate8%

Business Development Executive Jobs

Business Development Executive Career Paths

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Average Salary for a Business Development Executive

Business Development Executives in America make an average salary of $101,455 per year or $49 per hour. The top 10 percent makes over $154,000 per year, while the bottom 10 percent under $66,000 per year.
Average Salary
$101,455

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Training Services Business Development JR Executive
Training Services Business Development JR Executive
Puryear It
Puryear It
07/14/2020
07/14/2020
$70,00007/14/2020
$70,000
Senior Business Development Executive
Senior Business Development Executive
Vantagepoint Ai, LLC
Vantagepoint Ai, LLC
06/30/2020
06/30/2020
$100,00006/30/2020
$100,000
Training Services Business Development Executive
Training Services Business Development Executive
Puryear It
Puryear It
06/12/2020
06/12/2020
$90,00006/12/2020
$90,000
Senior Business Development Executive
Senior Business Development Executive
Vantagepoint Ai, LLC
Vantagepoint Ai, LLC
05/31/2020
05/31/2020
$100,00005/31/2020
$100,000
Account Executive | Community College Business Development
Account Executive | Community College Business Development
Cappex
Cappex
04/27/2020
04/27/2020
$50,00004/27/2020
$50,000
See More Recent Salaries

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Business Development Executive Demographics

Gender

Male

59.9 %

Female

35.2 %

Unknown

4.9 %
Ethnicity

White

57.4 %

Hispanic or Latino

15.1 %

Asian

12.0 %
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Foreign Languages Spoken

Spanish

36.3 %

French

13.6 %

German

5.6 %
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Business Development Executive Education

Schools

Pennsylvania State University

8.7 %

New York University

8.0 %

Florida State University

5.7 %

University of Arizona

5.7 %
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Majors

Business

32.7 %

Marketing

15.5 %

Management

8.0 %

Communication

7.1 %
Show More
Degrees

Bachelors

53.4 %

Masters

31.5 %

Certificate

4.2 %

Associate

4.0 %
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Entry Level Jobs For Becoming A Business Development Executive

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Business Development Executive

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.6% of business development executives listed business development on their resume, but soft skills such as analytical skills and leadership skills are important as well.

Best States For a Business Development Executive

Some places are better than others when it comes to starting a career as a business development executive. The best states for people in this position are New York, New Jersey, Virginia, and Washington. Business development executives make the most in New York with an average salary of $114,571. Whereas in New Jersey and Virginia, they would average $112,730 and $108,883, respectively. While business development executives would only make an average of $108,562 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Business Development Executive Jobs:
2,280
Highest 10% Earn:
$197,000
Location Quotient:
1.41
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Virginia

Total Business Development Executive Jobs:
1,299
Highest 10% Earn:
$188,000
Location Quotient:
1.05
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Washington

Total Business Development Executive Jobs:
970
Highest 10% Earn:
$179,000
Location Quotient:
1.08
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Business Development Executive Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a business development executive. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

At Zippia, we went through countless business development executive resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Write a Business Development Executive Resume

At Zippia, we went through countless business development executive resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

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Top Business Development Executive Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ business development executives and discovered their number of business development executive opportunities and average salary. Through our research, we concluded that IBM was the best, especially with an average salary of $84,673. Infosys Public Services, Inc. follows up with an average salary of $79,247, and then comes AT&T with an average of $61,738. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a business development executive. The employers include Zurich, Bolt, and Edgilent Corp.

1. IBM
4.7
Avg. Salary: 
$84,673
Business Development Executives Hired: 
177+
2. Infosys Public Services
4.5
Avg. Salary: 
$79,247
Business Development Executives Hired: 
104+
3. AT&T
4.7
Avg. Salary: 
$61,738
Business Development Executives Hired: 
43+
4. Iron Mountain
4.4
Avg. Salary: 
$36,385
Business Development Executives Hired: 
41+
5. Wipro
3.6
Avg. Salary: 
$75,841
Business Development Executives Hired: 
39+
6. FedEx
4.4
Avg. Salary: 
$34,049
Business Development Executives Hired: 
36+

Business Development Executive Videos

Recently Added Business Development Executive Jobs

Updated October 2, 2020