Business Development Executive Salary in Colombia

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How much does a Business Development Executive make in Colombia? The average Business Development Executive salary in Colombia is COL$505M as of April 08, 2021, but the range typically falls between COL$281M and COL$793M. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

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Global Market Data
50TH(Median) COL$505M 25TH COL$281M 75TH COL$793M

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Skills to Boost a Business Development Executive Salary

Mastering key skills can significantly increase your earning potential as a Business Development Executive. According to Salary.com's Real-time Job Posting Data, expertise in Leadership can lead to a 6% salary raise, while strong Financial Accounting skills boost pay by a 2%. Even Sales and Marketing can result in a 1% salary increase.

Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Leadership
Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Financial Accounting
Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of passionable accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
Sales and Marketing
Marketing consists of the strategies your company employs to generate interest in your business. Sales are the methods by which you convert that interest into a transaction.
More Skills...
Based on recent job listings, in-demand skills in the Business Development Executive field include Leadership (6%), Financial Accounting (2%), Sales and Marketing (1%), and Salesforce (1%). These skills reflect current market needs.
Skills Salary Demand
Skill & Salary Demand
Leadership COL$535M
Leadership
COL$535M
6%
Financial Accounting COL$515M
Financial Accounting
COL$515M
2%
Sales and Marketing COL$510M
Sales and Marketing
COL$510M
1%
Salesforce COL$510M
Salesforce
COL$510M
1%
Leadership
3.07%
Financial Accounting
28.16%
Sales and Marketing
6.36%
Salesforce
7.36%
Job Openings for Business Development Executive
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About Colombia

The geography of Colombia is characterized by its six main natural regions that present their own unique characteristics, from the Andes mountain range region shared with Ecuador and Venezuela; the Pacific Coastal region shared with Panama and Ecuador; the Caribbean coastal region shared with Venezuela and Panama; the Llanos (plains) shared with Venezuela; the Amazon Rainforest region shared with Venezuela, Brazil, Peru and Ecuador; to the insular area, comprising islands in both the Atlantic and Pacific oceans. It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia

Business Development Executive Pay Difference by Cities

City, Country Compared to national average
City, Country Medellin, CO Compared to national average
+ 0.1%
Employees with Business Development Executive in their job title in Medellin, CO earn an average of 0.1% more than the national average.

Understand the base salary paid range for a Business Development Executive in Colombia

Average Base Salary

Core compensation

281168234
793204193
504518632
The chart shows the base salary for Business Development Executive ranges from COL$281M to COL$793M with the average base salary of COL$505M. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Business Development Executive may get paid difference by industry, location, and factors.

Business Development Executive Frequently Asked Questions in Colombia

What is the salary range for a Business Development Executive in Colombia? What is the average hourly rate?

The average salary for a Business Development Executive in Colombia is COL$505M per year. The salary range for a Business Development Executive is between COL$281M and COL$793M. While we are seeing hourly wages as high as COL$381,348 and as low as COL$135,177, the majority of Business Development Executives are currently paid an average of COL$242,557 in Colombia. The average salary pay range for a Business Development Executive can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Business Development Executive in Colombia can differ based on any or all of these varying factors. April 08, 2021 salary.com )
Why should you negotiate salary for a Business Development Executive role? What are effective negotiation strategies?

Most hiring managers in Colombia expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Business Development Executive position that you can in Colombia. This starting salary of the Business Development Executive position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Business Development Executive position in Colombia, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs. April 08, 2021 salary.com )
How do you evaluate the advantages, opportunities, and salary for a Business Development Executive role located in large metropolitan city or in a small town?

Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Business Development Executive in the Colombia can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Business Development Executive job in a large city of the Colombia may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Colombia also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Business Development Executive job is right for you. April 08, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: April 08, 2021