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Business development officer salary
Average business development officer salary
$77,778
Understanding Business Development Officer Salaries
A Business Development Officer plays a critical role in identifying growth opportunities for their organization. As of October 2025, the average salary stands at $77,778, translating to about $37 per hour. Salaries vary based on several factors including experience, education, and industry. For instance, entry-level positions typically start lower, while those with several years of experience can command significantly higher wages.
Salary Variations by State
Geography also greatly influences earning potential. States with thriving business hubs, such as California and New York, often offer higher salaries compared to others. In addition, the type of industry impacts compensation levels. For example, professionals in technology or finance may earn more than those in non-profit sectors.
Career Advancement Opportunities
For those looking to advance, gaining experience in strategic planning or project management can enhance job prospects and increase salary potential. As the demand for skilled business development officers continues to rise, understanding these dynamics is crucial for career development.
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Where can a Business Development Officer earn more?
Business development officer salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level business development officer | $32,000 | $15.40 |
| Mid-level business development officer | $49,500 | $23.79 |
| Senior-level business development officer | $89,700 | $43.13 |
Business development officer salary estimates from across the web
Average business development officer salary by state
The highest-paying states for business development officers are New York, Connecticut, and Colorado. The lowest average business development officer salary states are Hawaii, Mississippi, and Arkansas.
- State view
- County view
Highest paying states for business development officers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $103,108 | $49.57 |
| 2 | Minnesota | $98,720 | $47.46 |
| 3 | New York | $105,338 | $50.64 |
| 4 | Colorado | $100,686 | $48.41 |
| 5 | Illinois | $96,330 | $46.31 |
| 6 | District of Columbia | $105,400 | $50.67 |
| 7 | Rhode Island | $87,624 | $42.13 |
| 8 | New Jersey | $94,480 | $45.42 |
| 9 | Maryland | $97,671 | $46.96 |
| 10 | Nevada | $90,623 | $43.57 |
| 11 | Pennsylvania | $87,655 | $42.14 |
| 12 | Washington | $91,890 | $44.18 |
| 13 | South Dakota | $86,226 | $41.45 |
| 14 | Ohio | $79,639 | $38.29 |
| 15 | Massachusetts | $84,570 | $40.66 |
| 16 | Michigan | $82,347 | $39.59 |
| 17 | California | $91,613 | $44.04 |
| 18 | Wisconsin | $81,126 | $39.00 |
| 19 | North Dakota | $72,950 | $35.07 |
| 20 | Delaware | $81,769 | $39.31 |
| 21 | Virginia | $77,472 | $37.25 |
| 22 | Arizona | $75,925 | $36.50 |
| 23 | Indiana | $73,414 | $35.30 |
| 24 | Nebraska | $73,731 | $35.45 |
| 25 | Tennessee | $73,126 | $35.16 |
| 26 | Idaho | $70,327 | $33.81 |
| 27 | New Hampshire | $72,771 | $34.99 |
| 28 | Missouri | $73,485 | $35.33 |
| 29 | Maine | $70,666 | $33.97 |
| 30 | Vermont | $69,132 | $33.24 |
| 31 | Oregon | $71,031 | $34.15 |
| 32 | North Carolina | $67,018 | $32.22 |
| 33 | Kansas | $65,508 | $31.49 |
| 34 | Georgia | $65,701 | $31.59 |
| 35 | Alaska | $66,718 | $32.08 |
| 36 | Texas | $61,661 | $29.64 |
| 37 | New Mexico | $59,739 | $28.72 |
| 38 | West Virginia | $61,118 | $29.38 |
| 39 | Montana | $65,000 | $31.25 |
| 40 | Wyoming | $61,683 | $29.66 |
| 41 | Alabama | $60,538 | $29.10 |
| 42 | Iowa | $58,309 | $28.03 |
| 43 | Mississippi | $53,275 | $25.61 |
| 44 | Louisiana | $56,822 | $27.32 |
| 45 | South Carolina | $56,614 | $27.22 |
| 46 | Hawaii | $53,837 | $25.88 |
| 47 | Oklahoma | $54,192 | $26.05 |
| 48 | Kentucky | $48,775 | $23.45 |
| 49 | Arkansas | $51,350 | $24.69 |
| 50 | Utah | $51,329 | $24.68 |
| 51 | Florida | $49,100 | $23.61 |
Highest paying cities for business development officers
The highest-paying cities for business development officers are Albany, NY, Washington, DC, and Sacramento, CA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Albany, NY | $107,780 | $51.82 |
| 2 | Washington, DC | $105,517 | $50.73 |
| 3 | Sacramento, CA | $105,308 | $50.63 |
| 4 | Denver, CO | $100,835 | $48.48 |
| 5 | Saint Paul, MN | $98,815 | $47.51 |
| 6 | Annapolis, MD | $97,419 | $46.84 |
| 7 | Chicago, IL | $96,795 | $46.54 |
| 8 | Edison, NJ | $94,422 | $45.40 |
| 9 | Seattle, WA | $92,924 | $44.67 |
| 10 | Las Vegas, NV | $88,861 | $42.72 |
| 11 | Philadelphia, PA | $87,965 | $42.29 |
| 12 | Providence, RI | $87,706 | $42.17 |
| 13 | Boston, MA | $84,542 | $40.65 |
| 14 | Columbus, OH | $78,758 | $37.86 |
| 15 | Richmond, VA | $77,400 | $37.21 |
| 16 | Phoenix, AZ | $76,156 | $36.61 |
| 17 | Saint Louis, MO | $74,077 | $35.61 |
| 18 | Indianapolis, IN | $73,123 | $35.16 |
| 19 | Bismarck, ND | $72,696 | $34.95 |
| 20 | Portland, OR | $70,971 | $34.12 |
Business development officer salary details
A business development officer's salary ranges from $47,000 a year at the 10th percentile to $126,000 at the 90th percentile.
What is a business development officer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $126,000 | $10,500 | $61 |
| 75th Percentile | $100,000 | $8,333 | $48 |
| Average | $77,778 | $6,482 | $37 |
| 25th Percentile | $60,000 | $5,000 | $29 |
| 10th Percentile | $47,000 | $3,917 | $23 |
Highest paying business development officer jobs
The highest paying types of business development officers are vice president, business development, head of business development, and senior business development manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Business Manager | $83,198 | $6,933 | $40.00 | 377,191 |
| Business Partner | $96,324 | $8,027 | $46.31 | 106,251 |
| Business Owner | $50,934 | $4,244 | $24.49 | 107,663 |
| Director Of Sales & Business Development | $82,584 | $6,882 | $39.70 | 163,561 |
| Development Manager | $110,678 | $9,223 | $53.21 | 111,137 |
| Account Development Manager | $72,375 | $6,031 | $34.80 | 214,004 |
Top companies hiring business development officers now:
Which companies pay business development officers the most?
Business development officer salaries at MUFG EMEA and Santander Private Banking International are the highest-paying according to our most recent salary estimates. In addition, the average business development officer salary at companies like BNP Paribas and CTBC Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | MUFG EMEA | $131,756 | $63.34 |
| 2 | Santander Private Banking International | $130,918 | $62.94 |
| 3 | BNP Paribas | $129,887 | $62.45 |
| 4 | CTBC Bank | $121,595 | $58.46 |
| 5 | Franklin Templeton | $119,480 | $57.44 |
| 6 | BMO Capital Markets | $116,036 | $55.79 |
| 7 | Signature Bank | $113,681 | $54.65 |
| 8 | Frost Bank | $111,271 | $53.50 |
| 9 | Citi | $108,032 | $51.94 |
| 10 | Westmount | $104,345 | $50.17 |
| 11 | Commonwealth | $103,093 | $49.56 |
| 12 | BOK Financial | $101,074 | $48.59 |
| 13 | GBC International Bank | $100,939 | $48.53 |
| 14 | Commerce Bank | $97,444 | $46.85 |
| 15 | Old Second Bank | $95,641 | $45.98 |
| 16 | Glenmede | $95,012 | $45.68 |
| 17 | Grandbridge Real Estate Capital | $94,732 | $45.54 |
| 18 | Santander Bank | $94,300 | $45.34 |
| 19 | HCL Technologies | $94,011 | $45.20 |
| 20 | Enterprise Bank | $93,633 | $45.02 |
Wage gap by gender, race and education
Business development officer salary trends
The average business development officer salary has risen by $6,379 over the last ten years. In 2014, the average business development officer earned $71,399 annually, but today, they earn $77,778 a year. That works out to a 4% change in pay for business development officers over the last decade.
Compare business development officer salaries for cities or states with the national average over time.
Average business development officer salary over time
Compare business development officer salaries for individual cities or states with the national average.
Business development officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $77,800 | $37.39 | +2.8% |
| 2025 | $75,600 | $36.36 | -0.1% |
| 2024 | $75,700 | $36.41 | +0.5% |
| 2023 | $75,300 | $36.22 | +1.1% |
| 2022 | $74,500 | $35.83 | +1.6% |
Recently added business development officer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Truist Investment Services | Business Development Officer, Truist Investment Services | Columbia, MD | 06/28/2025 | $63,670 |
| Chino Commercial Bank | Business Development Officer | Chino, CA | 06/28/2025 | $68,640 |
| FFB Bank | Business Development Officer, Northern California | Walnut Creek, CA | 06/28/2025 | $85,000 |
| PNC Financial Services Group, Inc. | Senior Business Development Officer-Institutional Asset Management | East Brunswick, NJ | 06/27/2025 | $96,000 |
| Provident Financial Services | Commercial Business Development Officer | Iselin, NJ | 06/25/2025 | $92,300 |
| U.S. Bank | Practice Finance Business Development Officer | Salt Lake City, UT | 06/24/2025 | $111,095 |
| U.S. Bank | Practice Finance Business Development Officer | Denver, CO | 06/24/2025 | $111,095 |
| Us Bank | SBA Business Development Officer | Houston, TX | 06/24/2025 | $105,400 |
| U.S. Bank | Practice Finance Business Development Officer | Phoenix, AZ | 06/24/2025 | $111,095 |
| U.S. Bank | Practice Finance Business Development Officer | Los Angeles, CA | 06/24/2025 | $111,095 |
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