Business Development Specialist Salary

Average Yearly Salary
Updated May 19, 2020
$51,000
$35,000
Min 10%
$51,000
Median 50%
$74,000
Max 90%
Best Paying Company
Shearman & Sterling
Highest Paying City
Washington, DC
Highest Paying State
Hawaii
Average Experience Level
2.2 years
How much does a business development specialist make?
As a Business Development Specialist in the USA, you can expect to earn on average $51,673 per year or $24.84 per hour. The top 10 percent make over $74,000 per year, while the bottom 10 percent make under $35,000 per year. Professional companies and Finance companies tend to have the highest concentration of employment in this field. Hawaii, Maryland, Washington, Massachusetts, and West Virginia are some of the states with the best Business Development Specialist salaries in the US. The typical tenure for a Business Development Specialist is 2.2 years.

Average Business Development Specialist Salary By Location

As a Business Development Specialist in the U.S., you can expect to earn on average $51,673 per year or $24.84 per hour. Business Development Specialists make the most in Washington, DC at about $69,960 per year. Even as an entry-level Business Development Specialist, you will make $44,000 per year in Washington, DC. The highest earning states when it comes to Business Development Specialist salaries are Hawaii, Maryland, Washington, Massachusetts, and West Virginia. Nevada, Arizona, Florida, Tennessee, and Arkansas are the lowest earners.

Map of Business Development Specialist Salaries

The darker areas on the map show where Business Development Specialists earn the highest salaries across all 50 states.

Average Salary:

Average Business Development Specialist Salary By Company

There is good job security in Business Development Specialist positions. Some industries offer better pay and benefit packages than others. Professional companies and Finance companies have the most job opportunities for Business Development Specialists. The two companies that report the highest salaries for Business Development Specialists are Shearman & Sterling and Trimble. Companies like SAS Institute and Brown Brothers Harriman & Co. also pay high salaries to their Business Development Specialists.

Average Business Development Specialist Pay By Industry

The type of industry that a Business Development Specialist works in can influence their earning potential. Our data shows that Technology companies, Manufacturing companies, and Media companies tend to have the highest salaries for Business Development Specialists. Salaries for Business Development Specialists in Technology companies average $57,995 annually, while Manufacturing companies and Media companies pay $55,362 and $54,818, respectively. The average salary for Business Development Specialists in the Finance industry is lower than the rest, coming in at $48,577.
Industry
Average Salary
Technology
Technology
$57,995
$58k
Manufacturing
Manufacturing
$55,362
$55k
Media
Media
$54,818
$55k
Professional
Professional
$54,344
$54k
Health Care
Health Care
$50,461
$50k
Hospitality
Hospitality
$50,214
$50k
Retail
Retail
$49,393
$49k
Non Profits
Non Profits
$49,192
$49k
Finance
Finance
$48,577
$49k

Business Development Specialist Salary History

Compare salaries for individual cities or states with the national average.

National Average
Ashburn, VA

Business Development Specialist Salary By Experience Level

The salary for a Business Development Specialist can range from $28,607 to $72,503 depending on the amount of work experience that the person has. Data on how experience level affects salary is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Recently Added Business Development Specialist Salaries

Company
Job
Location
Date Added
Salary
Business Development Specialist
04/27/2020
$60,000
Pellissippi State Community College
Business Development Specialist
03/31/2020
$43,990
University of Texas at San Antonio
Business Development Specialist
03/22/2020
$56,000
Vantage West Credit Union
Business Development Specialist/Relationship Banker-North Stapley
03/21/2020
$39,000
Microsoft Business Development Specialist
03/06/2020
$50,088
Business Development Specialist
03/04/2020
$60,000
Discovery Senior Living
Business Development Specialist-Senior Living
03/04/2020
$45,000
Business Analyst/Bi Developer Specialist
02/26/2020
$187,809
Vantage West Credit Union
Business Development Specialist/Relationship Banker-Gilbert Branch
02/21/2020
$39,000
Business Development & Retention Specialist-Up To ST Year!
02/11/2020
$32,000
Show More