The average business development manager’s salary in the United States is $100,769. Business development manager salaries typically range between $67,000 and $151,000 yearly. The average hourly rate for business development managers is $48.45 per hour.
A business development manager’s salary is impacted by location, education, and experience. Business development managers earn the highest average salary in California, Washington, New Jersey, New York, and Rhode Island.
The average business development manager salary in California, Washington, and New Jersey is the highest in the U.S. The lowest intermediate business development manager salary states are Oklahoma, North Dakota, and Mississippi.
| Rank | State | Avg. Salary | Hourly Rate | Job Count |
| 1 | Washington | $111,209 | $53.47 | 2,216 |
| 2 | Nevada | $101,154 | $48.63 | 675 |
| 3 | California | $112,556 | $54.11 | 9,203 |
| 4 | Rhode Island | $101,883 | $48.98 | 330 |
| 5 | New York | $102,372 | $49.22 | 3,927 |
| 6 | Ohio | $98,938 | $47.57 | 2,939 |
| 7 | Oregon | $101,182 | $48.65 | 1,189 |
| 8 | Michigan | $96,259 | $46.28 | 2,254 |
| 9 | New Mexico | $96,948 | $46.61 | 576 |
| 10 | New Jersey | $105,119 | $50.54 | 1,956 |
| 11 | Massachusetts | $100,495 | $48.31 | 2,563 |
| 12 | District of Columbia | $101,388 | $48.74 | 674 |
| 13 | Wisconsin | $90,279 | $43.40 | 1,662 |
| 14 | Maine | $98,944 | $47.57 | 217 |
| 15 | Indiana | $92,620 | $44.53 | 1,686 |
| 16 | New Hampshire | $98,507 | $47.36 | 356 |
| 17 | Pennsylvania | $92,749 | $44.59 | 2,951 |
| 18 | Vermont | $95,972 | $46.14 | 187 |
| 19 | Montana | $88,273 | $42.44 | 414 |
| 20 | Minnesota | $87,897 | $42.26 | 2,489 |
| 21 | Kentucky | $88,402 | $42.50 | 983 |
| 22 | North Carolina | $94,011 | $45.20 | 2,000 |
| 23 | Connecticut | $97,441 | $46.85 | 691 |
| 24 | South Dakota | $86,508 | $41.59 | 301 |
| 25 | Delaware | $96,476 | $46.38 | 257 |
| 26 | Texas | $87,710 | $42.17 | 6,139 |
| 27 | Virginia | $96,327 | $46.31 | 2,238 |
| 28 | Illinois | $90,972 | $43.74 | 3,251 |
| 29 | Maryland | $100,042 | $48.10 | 1,236 |
| 30 | Wyoming | $86,372 | $41.52 | 165 |
| 31 | Idaho | $92,407 | $44.43 | 319 |
| 32 | Missouri | $86,798 | $41.73 | 1,696 |
| 33 | Arkansas | $81,723 | $39.29 | 816 |
| 34 | Tennessee | $83,153 | $39.98 | 1,634 |
| 35 | Alaska | $85,257 | $40.99 | 256 |
| 36 | Arizona | $87,016 | $41.83 | 1,584 |
| 37 | Iowa | $85,689 | $41.20 | 894 |
| 38 | Kansas | $81,113 | $39.00 | 901 |
| 39 | Nebraska | $80,674 | $38.79 | 663 |
| 40 | Colorado | $88,808 | $42.70 | 1,193 |
| 41 | West Virginia | $82,495 | $39.66 | 300 |
| 42 | Utah | $83,022 | $39.91 | 773 |
| 43 | North Dakota | $77,955 | $37.48 | 268 |
| 44 | Alabama | $80,913 | $38.90 | 919 |
| 45 | Louisiana | $81,464 | $39.17 | 725 |
| 46 | Georgia | $81,237 | $39.06 | 2,532 |
| 47 | Oklahoma | $80,421 | $38.66 | 665 |
| 48 | Mississippi | $77,145 | $37.09 | 424 |
| 49 | South Carolina | $75,448 | $36.27 | 969 |
| 50 | Hawaii | $57,920 | $27.85 | 203 |
| 51 | Florida | $69,879 | $33.60 | 3,671 |
| Rank | City | Avg. Salary | Hourly Rate | Job Count |
| 1 | San Francisco, CA | $122,601 | $58.94 | 33 |
| 2 | Seattle, WA | $111,646 | $53.68 | 16 |
| 3 | Jersey City, NJ | $105,189 | $50.57 | 1 |
| 4 | New York, NY | $102,608 | $49.33 | 103 |
| 5 | Washington, DC | $101,454 | $48.78 | 54 |
| 6 | Las Vegas, NV | $100,354 | $48.25 | 18 |
| 7 | Boston, MA | $100,301 | $48.22 | 65 |
| 8 | Baltimore, MD | $100,246 | $48.20 | 7 |
| 9 | Columbus, OH | $98,688 | $47.45 | 19 |
| 10 | Arlington, VA | $97,840 | $47.04 | 13 |
| 11 | Detroit, MI | $96,563 | $46.42 | 14 |
| 12 | Raleigh, NC | $95,429 | $45.88 | 34 |
| 13 | Richmond, IN | $93,422 | $44.91 | 2 |
| 14 | Philadelphia, PA | $93,228 | $44.82 | 22 |
| 15 | Chicago, IL | $91,281 | $43.89 | 75 |
| 16 | Arlington, TX | $89,531 | $43.04 | 13 |
| 17 | Austin, MN | $88,785 | $42.69 | – |
| 18 | Denver, CO | $88,675 | $42.63 | 43 |
| 19 | Saint Louis, MO | $88,073 | $42.34 | 16 |
| 20 | Phoenix, AZ | $87,347 | $41.99 | 35 |
A business development manager with 0-2 years of experience earns an average entry-level salary of $74,805. A mid-career accountant with 3-6 years of experience makes $100,769 a year on average. A senior-level accountant with 7-12 years of experience enjoys an average annual salary of $181,758.
| 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 |
| 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 |
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
| Director Of Sales & Business Development | $82,584 | $6,882 | $39.70 | 163,561 |
| Business Business Sales Manager | $75,242 | $6,270 | $36.17 | 168,304 |
| Vice President, Business Development | $165,159 | $13,763 | $79.40 | 188,137 |
| Director 0f 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 |
According to our most recent salary estimates, business development manager salaries at Shearman & Sterling and Mayo Clinic are the highest-paying. In addition, the average accountant’s pay 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 |
The average business development manager’s salary varies across industries:
| 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 |
| Year | Avg. Salary | Hourly Rate | % Change |
| 2023 | $101,000 | $48.45 | +3.7% |
| 2022 | $97,000 | $46.63 | +1.9% |
| 2021 | $95,200 | $45.76 | +1.5% |
| 2020 | $93,700 | $45.06 | +0.8% |
| 2019 | $93,000 | $44.70 | +1.9% |
| 2018 | $91,300 | $43.87 | +1.3% |
| 2017 | $90,100 | $43.32 | +3.1% |
| 2016 | $87,300 | $41.99 | +3.0% |
| 2015 | $84,700 | $40.71 | +2.9% |
| 2014 | $82,200 | $39.53 | – |
California pays Business Development Managers the most in the United States, with an average salary of $112,556 per year, or $54.11 per hour.
You know if you are being paid relatively as a Business Development Manager if your pay is close to the average salary for your state. For example, you should be paid close to $111,209 annually if you live in Washington.
A good starting salary for a business development manager is $71,000 in the United States. That puts you in the tenth Percentile of annual income for a business development manager in the U.S.A., which is about what you would expect if you were new to the field. The average salary for business development managers is $105,849, but that usually requires some experience. Furthermore, a good starting salary for a business development manager can vary by state.
Yes, business development pays well. On average, business development managers earn $130,085 a year. At an entry-level with less than a year of experience, you may only make $53,000. Pay depends on the company's size, location, industry, education, and work history.
Based on your background and location, business development managers (BDR) make $130,085 annually, but it can range between $50,000- $154,000. The salary range is due to the different ways the title is used and the other spans of responsibilities of the role.
A business development manager in the U.S. makes $130085 annually on average, but it can range between $50000- $154000 based on work history & location. The salary range is due to the different ways the title is used and the other spans of responsibilities of the role.
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