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Business development manager salary
Average business development manager salary
$100,769
Average Salary for Business Development Managers
The average salary for a Business Development Manager is approximately $100,769 per year. This figure reflects the earnings of professionals across various industries, highlighting the significance of experience and specialization. Entry-level positions typically start at lower salaries, while those with substantial experience or in higher-paying sectors can earn significantly more.
Salary by Experience Level
Entry-level Business Development Managers can expect to earn around $70,000, whereas those with 5+ years of experience can see salaries rise above $120,000. Such increases reflect the value placed on expertise and proven track records in driving business growth.
Regional Insights
Salaries also vary widely by location. For instance, Business Development Managers in states like California and New York often command higher salaries due to a higher cost of living and market demand. Reviewing salary data by state can help candidates identify lucrative opportunities and negotiate better compensation packages.
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Where can a Business Development Manager earn more?
Business development manager salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level business development manager | $74,800 | $35.96 |
| Mid-level business development manager | $79,900 | $38.41 |
| Senior-level business development manager | $182,000 | $87.38 |
Business development manager salary estimates from across the web
Average business development manager salary by state
The highest-paying states for business development managers are California, Washington, and New Jersey. The lowest average business development manager salary states are Oklahoma, North Dakota, and Mississippi.
- State view
- County view
Highest paying states for business development managers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $111,209 | $53.47 |
| 2 | Nevada | $101,154 | $48.63 |
| 3 | California | $112,556 | $54.11 |
| 4 | Rhode Island | $101,883 | $48.98 |
| 5 | New York | $102,372 | $49.22 |
| 6 | Ohio | $98,938 | $47.57 |
| 7 | Oregon | $101,182 | $48.65 |
| 8 | Michigan | $96,259 | $46.28 |
| 9 | New Mexico | $96,948 | $46.61 |
| 10 | New Jersey | $105,119 | $50.54 |
| 11 | Massachusetts | $100,495 | $48.31 |
| 12 | District of Columbia | $101,388 | $48.74 |
| 13 | Wisconsin | $90,279 | $43.40 |
| 14 | Maine | $98,944 | $47.57 |
| 15 | Indiana | $92,620 | $44.53 |
| 16 | New Hampshire | $98,507 | $47.36 |
| 17 | Pennsylvania | $92,749 | $44.59 |
| 18 | Vermont | $95,972 | $46.14 |
| 19 | Montana | $88,273 | $42.44 |
| 20 | Minnesota | $87,897 | $42.26 |
| 21 | Kentucky | $88,402 | $42.50 |
| 22 | North Carolina | $94,011 | $45.20 |
| 23 | Connecticut | $97,441 | $46.85 |
| 24 | South Dakota | $86,508 | $41.59 |
| 25 | Delaware | $96,476 | $46.38 |
| 26 | Texas | $87,710 | $42.17 |
| 27 | Virginia | $96,327 | $46.31 |
| 28 | Illinois | $90,972 | $43.74 |
| 29 | Maryland | $100,042 | $48.10 |
| 30 | Wyoming | $86,372 | $41.52 |
| 31 | Idaho | $92,407 | $44.43 |
| 32 | Missouri | $86,798 | $41.73 |
| 33 | Arkansas | $81,723 | $39.29 |
| 34 | Tennessee | $83,153 | $39.98 |
| 35 | Alaska | $85,257 | $40.99 |
| 36 | Arizona | $87,016 | $41.83 |
| 37 | Iowa | $85,689 | $41.20 |
| 38 | Kansas | $81,113 | $39.00 |
| 39 | Nebraska | $80,674 | $38.79 |
| 40 | Colorado | $88,808 | $42.70 |
| 41 | West Virginia | $82,495 | $39.66 |
| 42 | Utah | $83,022 | $39.91 |
| 43 | North Dakota | $77,955 | $37.48 |
| 44 | Alabama | $80,913 | $38.90 |
| 45 | Louisiana | $81,464 | $39.17 |
| 46 | Georgia | $81,237 | $39.06 |
| 47 | Oklahoma | $80,421 | $38.66 |
| 48 | Mississippi | $77,145 | $37.09 |
| 49 | South Carolina | $75,448 | $36.27 |
| 50 | Hawaii | $57,920 | $27.85 |
| 51 | Florida | $69,879 | $33.60 |
Highest paying cities for business development managers
The highest-paying cities for business development managers are San Francisco, CA, Seattle, WA, and Jersey City, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $122,601 | $58.94 |
| 2 | Seattle, WA | $111,646 | $53.68 |
| 3 | Jersey City, NJ | $105,189 | $50.57 |
| 4 | New York, NY | $102,608 | $49.33 |
| 5 | Washington, DC | $101,454 | $48.78 |
| 6 | Las Vegas, NV | $100,354 | $48.25 |
| 7 | Boston, MA | $100,301 | $48.22 |
| 8 | Baltimore, MD | $100,246 | $48.20 |
| 9 | Columbus, OH | $98,688 | $47.45 |
| 10 | Arlington, VA | $97,840 | $47.04 |
| 11 | Detroit, MI | $96,563 | $46.42 |
| 12 | Raleigh, NC | $95,429 | $45.88 |
| 13 | Richmond, IN | $93,422 | $44.91 |
| 14 | Philadelphia, PA | $93,228 | $44.82 |
| 15 | Chicago, IL | $91,281 | $43.89 |
| 16 | Arlington, TX | $89,531 | $43.04 |
| 17 | Austin, MN | $88,785 | $42.69 |
| 18 | Denver, CO | $88,675 | $42.63 |
| 19 | Saint Louis, MO | $88,073 | $42.34 |
| 20 | Phoenix, AZ | $87,347 | $41.99 |
Business Development Managers are the most in-demand in these five cities:
Business development manager salary details
A business development manager's salary ranges from $67,000 a year at the 10th percentile to $151,000 at the 90th percentile.
What is a business development manager's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $151,000 | $12,583 | $73 |
| 75th Percentile | $124,000 | $10,333 | $60 |
| Average | $100,769 | $8,397 | $48 |
| 25th Percentile | $81,000 | $6,750 | $39 |
| 10th Percentile | $67,000 | $5,583 | $32 |
Highest paying business development manager jobs
The highest paying types of business development managers are vice president, business development, head of business development, and senior business development manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Director Of Sales & Business Development | $82,584 | $6,882 | $39.70 | 163,561 |
| Business To Business Sales Manager | $75,242 | $6,270 | $36.17 | 168,304 |
| Vice President, Business Development | $165,159 | $13,763 | $79.40 | 188,137 |
| Director New Business Development | $110,272 | $9,189 | $53.02 | 154,470 |
| Development & Program Manager | $102,824 | $8,569 | $49.43 | 186,222 |
| Head Of Business Development | $134,190 | $11,182 | $64.51 | 158,539 |
Top companies hiring business development managers now:
Which companies pay business development managers the most?
Business development manager salaries at Shearman & Sterling and Mayo Clinic are the highest-paying according to our most recent salary estimates. In addition, the average business development manager salary at companies like Simpson Thacher & Bartlett and Baker McKenzie are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Shearman & Sterling | $194,394 | $93.46 |
| 2 | Mayo Clinic | $188,904 | $90.82 |
| 3 | Simpson Thacher & Bartlett | $186,964 | $89.89 |
| 4 | Baker McKenzie | $179,712 | $86.40 |
| 5 | Clifford Chance | $178,490 | $85.81 |
| 6 | Paul, Weiss, Rifkind, Wharton & Garrison | $177,897 | $85.53 |
| 7 | Latham & Watkins | $176,440 | $84.83 |
| 8 | Ropes & Gray | $176,126 | $84.68 |
| 9 | NVIDIA | $171,242 | $82.33 |
| 10 | Fenwick & West | $169,198 | $81.35 |
| 11 | Venable | $168,097 | $80.82 |
| 12 | Pattern Energy Group | $165,151 | $79.40 |
| 13 | Meta | $163,669 | $78.69 |
| 14 | Lyft | $162,241 | $78.00 |
| 15 | Apple | $161,388 | $77.59 |
| 16 | Dolby Laboratories | $159,190 | $76.53 |
| 17 | VMware | $158,530 | $76.22 |
| 18 | Pacific Investment Management Company LLC | $157,596 | $75.77 |
| 19 | $157,164 | $75.56 | |
| 20 | Ricoh Innovations | $156,171 | $75.08 |
Wage gap by gender, race and education
Business Development Manager salary by industry
The average business development manager salary varies across industries:
- The average business development manager salary in the finance industry is $103,515, the highest of any industry.
- The average business development manager salary in the finance industry is $97,625.
- Business development managers in the hospitality industry earn an average salary of $84,239, the lowest of any industry.
Highest paying industries for business development managers
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $103,515 | $49.77 |
| 2 | Manufacturing | $97,625 | $46.94 |
| 3 | Technology | $95,311 | $45.82 |
| 4 | Telecommunication | $93,763 | $45.08 |
| 5 | Retail | $92,145 | $44.30 |
| 6 | Professional | $90,742 | $43.63 |
| 7 | Hospitality | $84,239 | $40.50 |
High paying business development manager jobs
Business development manager salary trends
The average business development manager salary has risen by $18,542 over the last ten years. In 2014, the average business development manager earned $82,227 annually, but today, they earn $100,769 a year. That works out to a 8% change in pay for business development managers over the last decade.
Compare business development manager salaries for cities or states with the national average over time.
Average business development manager salary over time
Compare business development manager salaries for individual cities or states with the national average.
Business development manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $101,000 | $48.45 | +3.7% |
| 2024 | $97,000 | $46.63 | +1.9% |
| 2023 | $95,200 | $45.76 | +1.5% |
| 2022 | $93,700 | $45.06 | +0.8% |
| 2021 | $93,000 | $44.70 | +1.9% |
Recently added business development manager salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Donaldson Company | Aftermarket Business Development Manager | Bloomington, MN | 06/30/2025 | $78,400 |
| Morgan, Lewis & Bockius | Business Development Manager-Industries and Strategic Initiatives-Healthcare and Insurance | Philadelphia, PA | 06/30/2025 | $124,200 |
| Thornton Tomasetti | Climate Action Business Development Manager | Fine, NY | 06/30/2025 | $120,000 |
| U.S. Venture | Business Development Manager-Branded | U.S. Energy | Kane, IL | 06/30/2025 | $85,000 |
| Nu Technology | Business Development Manager | Oakland, CA | 06/30/2025 | $78,496 |
| Smith & Nephew | Business Development Manager-Cartilage (Southeast-US) | Field, MN | 06/30/2025 | $60,000 |
| Kion Group | Manager of Business Development-North America | Grand Rapids, MI | 06/30/2025 | $104,250 |
| Mdlz | Business Development Engineering Manager | Portland, OR | 06/30/2025 | $137,300 |
| Hyperiongrp | Business Development Manager | San Diego, CA | 06/30/2025 | $125,000 |
| Nbtbancorp | Business Development Manager | Syracuse, NY | 06/30/2025 | $55,500 |
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