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New business development salary
Average new business development salary
$84,261
Average New Business Development Salary
The average salary for New Business Development professionals stands at $84,261 per year. This figure reflects the diverse responsibilities involved in the role, from identifying new market opportunities to developing strategic relationships. Salaries in this field can fluctuate based on factors such as geographical location and years of experience.
Experience Level Impact
Entry-level positions typically start at lower compensation, while experienced professionals can command significantly higher salaries. For instance, those with over ten years of experience may earn well beyond the average.
Geographic Variability
Location significantly influences earnings, with urban areas often offering higher salaries compared to rural regions. Cities like San Francisco and New York feature prominently among the highest-paying locales for this profession.
Explore Your Options
Understanding the salary landscape can help you target your job search effectively. Use Zippia to find job opportunities in New Business Development tailored to your skills and desired salary range.
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Where can a New Business Development earn more?
New business development salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level new business development | $62,600 | $30.07 |
| Mid-level new business development | $66,800 | $32.12 |
| Senior-level new business development | $152,000 | $73.07 |
Average new business development salary by state
The average new business development salary in New Jersey, California, and Nevada are the highest in the U.S. The lowest average new business development salary states are Colorado, Kansas, and Montana.
- State view
- County view
Highest paying states for new business development
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Nevada | $92,065 | $44.26 |
| 2 | Ohio | $84,811 | $40.77 |
| 3 | Wisconsin | $82,832 | $39.82 |
| 4 | North Dakota | $82,630 | $39.73 |
| 5 | Oregon | $90,004 | $43.27 |
| 6 | Michigan | $80,281 | $38.60 |
| 7 | California | $93,479 | $44.94 |
| 8 | New Jersey | $94,425 | $45.40 |
| 9 | Rhode Island | $85,260 | $40.99 |
| 10 | New York | $87,723 | $42.17 |
| 11 | Delaware | $91,325 | $43.91 |
| 12 | New Mexico | $78,914 | $37.94 |
| 13 | Illinois | $85,543 | $41.13 |
| 14 | Kentucky | $77,246 | $37.14 |
| 15 | New Hampshire | $84,606 | $40.68 |
| 16 | Indiana | $77,385 | $37.20 |
| 17 | West Virginia | $78,047 | $37.52 |
| 18 | Texas | $75,759 | $36.42 |
| 19 | Virginia | $82,899 | $39.86 |
| 20 | Missouri | $73,906 | $35.53 |
| 21 | Louisiana | $74,640 | $35.88 |
| 22 | District of Columbia | $77,747 | $37.38 |
| 23 | Alaska | $74,434 | $35.79 |
| 24 | Arizona | $74,374 | $35.76 |
| 25 | Maine | $79,945 | $38.44 |
| 26 | Washington | $82,403 | $39.62 |
| 27 | Georgia | $76,172 | $36.62 |
| 28 | Idaho | $77,835 | $37.42 |
| 29 | Pennsylvania | $75,746 | $36.42 |
| 30 | Massachusetts | $79,746 | $38.34 |
| 31 | South Dakota | $70,500 | $33.89 |
| 32 | North Carolina | $76,609 | $36.83 |
| 33 | Mississippi | $72,869 | $35.03 |
| 34 | Wyoming | $70,330 | $33.81 |
| 35 | Vermont | $77,151 | $37.09 |
| 36 | Minnesota | $70,029 | $33.67 |
| 37 | Arkansas | $67,653 | $32.53 |
| 38 | Alabama | $70,663 | $33.97 |
| 39 | Montana | $65,887 | $31.68 |
| 40 | Kansas | $66,577 | $32.01 |
| 41 | Tennessee | $66,973 | $32.20 |
| 42 | South Carolina | $69,181 | $33.26 |
| 43 | Iowa | $67,393 | $32.40 |
| 44 | Nebraska | $65,443 | $31.46 |
| 45 | Maryland | $76,765 | $36.91 |
| 46 | Connecticut | $75,385 | $36.24 |
| 47 | Utah | $67,690 | $32.54 |
| 48 | Florida | $67,044 | $32.23 |
| 49 | Oklahoma | $61,616 | $29.62 |
| 50 | Hawaii | $56,959 | $27.38 |
| 51 | Colorado | $66,647 | $32.04 |
Highest paying cities for new business development
The highest-paying cities for new business development are San Francisco, CA, Jersey City, NJ, and Salem, OR.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $103,883 | $49.94 |
| 2 | Jersey City, NJ | $94,427 | $45.40 |
| 3 | Salem, OR | $90,005 | $43.27 |
| 4 | New York, NY | $87,972 | $42.29 |
| 5 | Bloomington, IL | $83,622 | $40.20 |
| 6 | Kent, WA | $83,578 | $40.18 |
| 7 | Cincinnati, OH | $83,070 | $39.94 |
| 8 | Franklin, WI | $82,933 | $39.87 |
| 9 | Detroit, MI | $80,551 | $38.73 |
| 10 | Burlington, MA | $79,259 | $38.11 |
| 11 | Atlanta, GA | $76,399 | $36.73 |
| 12 | Austin, TX | $76,343 | $36.70 |
| 13 | York, PA | $75,572 | $36.33 |
| 14 | Charlotte, NC | $75,068 | $36.09 |
| 15 | Birmingham, AL | $70,225 | $33.76 |
| 16 | Saint Paul, MN | $70,105 | $33.70 |
| 17 | Hendersonville, TN | $68,083 | $32.73 |
| 18 | Little Rock, AR | $67,871 | $32.63 |
| 19 | West Jordan, UT | $67,466 | $32.44 |
| 20 | Jacksonville, FL | $66,860 | $32.14 |
New business development salary details
A new business development's salary ranges from $57,000 a year at the 10th percentile to $122,000 at the 90th percentile.
What is a new business development's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $122,000 | $10,167 | $59 |
| 75th Percentile | $102,000 | $8,500 | $49 |
| Average | $84,261 | $7,022 | $41 |
| 25th Percentile | $69,000 | $5,750 | $33 |
| 10th Percentile | $57,000 | $4,750 | $27 |
Highest paying new business development jobs
The highest paying types of new business development are vice president, business development, head of business development, and senior business development manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Sales Development Manager | $102,790 | $8,566 | $49.42 | 171,101 |
| Business Development And Marketing Manager | $75,369 | $6,281 | $36.23 | 182,239 |
| Business Development Account Manager | $99,209 | $8,267 | $47.70 | 222,573 |
| Business Development Representative | $47,240 | $3,937 | $22.71 | 269,704 |
| Director Of Sales & Business Development | $82,584 | $6,882 | $39.70 | 163,561 |
| Business Development Sales Manager | $111,309 | $9,276 | $53.51 | 181,115 |
Top companies hiring new business development now:
Which companies pay new business development the most?
New business development salaries at Citi and Novartis are the highest-paying according to our most recent salary estimates. In addition, the average new business development salary at companies like Barclays and ACI Worldwide are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Citi | $117,139 | $56.32 |
| 2 | Novartis | $115,449 | $55.50 |
| 3 | Barclays | $114,314 | $54.96 |
| 4 | ACI Worldwide | $105,718 | $50.83 |
| 5 | CDK Global | $98,168 | $47.20 |
| 6 | Sysco | $98,112 | $47.17 |
| 7 | CORE Business Technologies | $95,128 | $45.73 |
| 8 | Anheuser-Busch | $94,178 | $45.28 |
| 9 | Experis US Inc | $93,700 | $45.05 |
| 10 | Air Force One | $93,444 | $44.92 |
| 11 | Bank of America | $90,856 | $43.68 |
| 12 | U.S. Bank | $90,422 | $43.47 |
| 13 | Carlisle Companies | $90,371 | $43.45 |
| 14 | Lockheed Martin | $87,118 | $41.88 |
| 15 | Chipotle Mexican Grill | $84,913 | $40.82 |
| 16 | Red Wing Shoes | $81,974 | $39.41 |
| 17 | ION | $81,852 | $39.35 |
| 18 | Providence Community Health Centers | $81,337 | $39.10 |
| 19 | Cabot Risk | $81,116 | $39.00 |
| 20 | GCR | $78,622 | $37.80 |
Wage gap by gender, race and education
New Business Development salary by industry
The average new business development salary varies across industries:
- The average new business development salary in the technology industry is $88,045, the highest of any industry.
- The average new business development salary in the finance industry is $82,104.
- New business development in the professional industry earn an average salary of $76,368, the lowest of any industry.
Highest paying industries for new business development
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Technology | $88,045 | $42.33 |
| 2 | Manufacturing | $82,104 | $39.47 |
| 3 | Media | $81,417 | $39.14 |
| 4 | Health Care | $78,839 | $37.90 |
| 5 | Construction | $77,243 | $37.14 |
| 6 | Professional | $76,368 | $36.72 |
High paying new business development jobs
New business development salary trends
The average new business development salary has risen by $15,504 over the last ten years. In 2014, the average new business development earned $68,757 annually, but today, they earn $84,261 a year. That works out to a 8% change in pay for new business development over the last decade.
Compare new business development salaries for cities or states with the national average over time.
Average new business development salary over time
Compare new business development salaries for individual cities or states with the national average.
New business development salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $84,300 | $40.51 | +3.7% |
| 2024 | $81,100 | $38.99 | +1.9% |
| 2023 | $79,600 | $38.26 | +1.5% |
| 2022 | $78,400 | $37.68 | +0.8% |
| 2021 | $77,700 | $37.38 | +1.9% |
Recently added new business development salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Global | Business Development-Single Ply | Beachwood, OH | 06/29/2025 | $117,000 |
| Tremco Illbruck | Business Development-Single Ply | Cleveland, OH | 06/27/2025 | $117,000 |
| Tremco Illbruck | Business Development-Single Ply | Dallas, TX | 06/27/2025 | $117,000 |
| Tremco Illbruck | Business Development-Single Ply | Kansas City, MO | 06/27/2025 | $117,000 |
| Teamhealth | Apc-Bay City, MI New Business | Bowne, MI | 06/26/2025 | $130,000 |
| Hyatt | New Growth Development-Central & South (Remote Opportunity) | Chicago, IL | 06/25/2025 | $56,200 |
| Runwise | New Market Business Development (Rust Belt) | Chicago, IL | 06/21/2025 | $100,000 |
| Capgemini | MS Dynamics Developer In Job Location : New York City, NY/Atlanta, GA/Chicago, IL/ | Atlanta, GA | 06/18/2025 | $100,000 |
| Morgan Stanley | Quantitative Business Development | New York, NY | 06/16/2025 | $100,000 |
| Capgemini | MS Dynamics Developer In Job Location : New York City, NY/Atlanta, GA/Chicago, IL/ | Vienna, VA | 06/12/2025 | $100,000 |
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