Business Development Manager Salary at 1St Source Bank BETA

How much does a 1St Source Bank Business Development Manager make?

As of March 2025, the average annual salary for a Business Development Manager at 1St Source Bank is $133,323, which translates to approximately $64 per hour. Salaries for Business Development Manager at 1St Source Bank typically range from $116,482 to $150,526, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

1st Source Bank Overview

Website:
1stsource.com
Size:
1,000 - 3,000 Employees
Revenue:
$200M - $500M
Industry:
Financial Services

1st Source Bank, headquartered in South Bend, Indiana, is a financial institution that offers clients personal, business, and investment banking services.

See similar companies related to 1St Source Bank

What Skills Does a person Need at 1St Source Bank?

At 1St Source Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
  2. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  5. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

Related Jobs

NCW
South Bend , IN

Job Description Job Description As a Business Development Representative for our staffing services, you will be an integral part of helping us maintain our forecasted growth trajectory. You’ll be connecting with our growing customer base while simultaneously earning new client accounts in the trades industries. Your efforts will directly impact the operations of our valued customers and their staff. Deeply-rooted partnerships come before dollars, and we aim to make our customers believe that. Get ready to be challenged, have fun & go after endless opportunities to win. WHAT YOUR DAY MIGHT LOOK LIKE: + Developing your personal book of business within your respective market + Selling NCW services to prospective clients, managing existing accounts within your sector, and actively placing candidates on behalf of NCW clients + Facilitating the full-cycle recruitment process for prospective candidates (sourcing, screening, negotiating employment terms, etc.) + Tending to onsite management ta


Sponsored
3/2/2025 12:00:00 AM
The Military Veteran
South Bend , IN

Company Overview: TheMilVet is partnered with PE clients who are consolidating fragmented industries across America. These are industries that have no national presence or brands that dominate the market. Our PE partners create value through consolidation and quickly scaling the core business in a high growth environment. As an example, a sister portco in this fund grew its revenue from $0 to $2B in 4 years and after 300+ acquisitions. For more information about his strategy, we’ve included an article from the Harvard Business Review. Private Equity Needs a New Talent Strategy Our clients enter a market through acquisition, hire a leader to be its champion for growth [the General Manager], and begin to rapidly scale the local market. As the new market grows, they search for other local complementary businesses to tie under the newly hired GM. Assuming performance, the goal is for the new GM to grow into the market leader responsible for multiple companies. This PE client is a top-decil


Sponsored
3/1/2025 12:00:00 AM
Special-Lite Inc
Decatur , MI

Description Job Title: Senior Human Resource Business Partner Department: Human Resources Reports to: Director of Human Resources Approved by / Date D. Johnson / 3.2024 Supervisory Responsibilities: No FLSA Status: Exempt Position Summary: The Senior Human Resource Business Partner implements human resource programs by providing human resource services, including talent acquisition, staffing, employment processing, compensation, health benefits, training and development, records management, employee relations and retentions, AA/EEO compliance, and labor relations. Essential Functions: A qualified individual with a disability must be able to perform the essential functions of the position with or without reasonable accommodation. HRBP Support Provides HR Business Partner support in areas such as job management, staffing, employee relations, training/development, and other related areas. Monitor and provide necessary training and coaching to managers and supervisors. Complete day-to-day


Sponsored
2/28/2025 12:00:00 AM
Elwood Staffing
South Bend , IN

When you join the Elwood family, you become part of made a difference in your community. Our success comes from the success of our associates and customers. Come experience the Elwood way and make a difference with us! Elwood Staffing is also a performance and results-driven culture for the hard-working, passionate, and highly motivated. You can expect a career that provides a constant variety of challenges along with progressive training and professional development to meet those challenges. Come work for a growing company that serves more than 6,000 businesses and puts more than 28,000 people to work daily. Description: The Regional, Area, and District Manager is responsible for driving both top-line (sales) performance and bottom-line (profit) performance within the assigned territory and supporting regional financial and strategic objectives by effectively managing the branch operations, sales, and customer service activities. All employees consistently support and promote the comp


Sponsored
2/28/2025 12:00:00 AM
Apple
Mishawaka , IN

As a Senior Manager, you guide other leaders to inspire top performance from their teams. You monitor multiple lines of business within the store to achieve operational objectives and collaborate with corporate business partners to report results. Youre knowledgeable about the industry and keep up to date about competitors and trends. You lead the sales and customer support teams by example, finding solutions to create and maintain a high level of customer focus. To foster growth among your staff, you coach and encourage with clear communications. By developing strong relationships across teams and with customers, you create an environment that enhances loyalty for Apple products and services. Apple is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.


Sponsored
2/28/2025 12:00:00 AM
Elwood Staffing Services, Inc.
South Bend , IN

When you join the Elwood family, you become part of made a difference in your community. Our success comes from the success of our associates and customers. Come experience the Elwood way and make a difference with us! Elwood Staffing is also a performance and results-driven culture for the hard-working, passionate, and highly motivated. You can expect a career that provides a constant variety of challenges along with progressive training and professional development to meet those challenges. Come work for a growing company that serves more than 6,000 businesses and puts more than 28,000 people to work daily. Description: The Regional, Area, and District Manager is responsible for driving both top-line (sales) performance and bottom-line (profit) performance within the assigned territory and supporting regional financial and strategic objectives by effectively managing the branch operations, sales, and customer service activities. All employees consistently support and promote the comp


Sponsored
2/27/2025 12:00:00 AM
Compass Group, North America
Notre Dame , IN

Levy Sector LOCATION: University of Notre Dame: Levy operates the outdoor football stadium at Notre Dame, the home field of the Notre Dame Fighting Irish. Levy also provides food and beverage to all sporting venues on the Notre Dame campus! Different perspectives make us better. Were committed to creating an equal opportunity and fair treatment environment, where learning and growing together is just part of our every day. An environment where you can be your authentic self. About Levy The disruptor in defining the sports and entertainment hospitality experience, Levy is recognized as the market leader and most critically acclaimed hospitality company in its industry. Twice named one of the 10 most innovative companies in sports by Fast Company magazine and one of the top three Best Employers for Diversity in America by Forbes, Levys diverse portfolio includes award-winning restaurants; iconic sports and entertainment venues, zoos and cultural institutions, theaters, and convention cen


Sponsored
2/27/2025 12:00:00 AM
Cleer Vision
Elkhart , IN

Job Description Job Description Cleer Vision, an Airxcel Brand is looking for a strong Sales Manager with experience in the RV Industry to expand our team. This position provides leadership on company strategy and direction while developing and maintaining relationships with all levels of customer’s management teams. The skill of being an advocate for customers while putting company profitability first requires experienced and practiced communication skills. Work Requirements Previous experience in sales management and business development Manage sales team and mentor their future growth. Evaluate market opportunities to insure a fit with CVW’s goals with an emphasis on growth. Working alongside Customer Service to create a structure that is effective and allows for the best customer experience possible. Identify and communicate product improvement opportunities as required. Understand and communicate market direction and trends. Provide leadership to operations concerning product qual


Sponsored
2/26/2025 12:00:00 AM

Check more jobs information at 1St Source Bank

Job Title Average 1St Source Bank Salary Hourly Rate
2 Supervisor I $67,403 $32
3 Talent Development Coordinator $50,123 $24
4 Technician I $38,347 $18
5 Telecommunications Specialist $73,822 $35
6 Trust Manager $63,207 $30
7 Web Application Developer $89,345 $43
8 Customer Service Representative III $49,472 $24
9 Director, Compliance & Human Resources $177,415 $85
10 Executive Secretary $85,291 $41
11 Investment Analyst $96,883 $47
12 Investment Officer $116,844 $56
13 IT Purchasing Coordinator $65,225 $31

Hourly Pay at 1St Source Bank

The average hourly pay at 1St Source Bank for a Business Development Manager is $64 per hour. The location, department, and job description all have an impact on the typical compensation for 1St Source Bank positions. The pay range and total remuneration for the job title are shown in the table below. 1St Source Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $133,323 look to you?

FAQ about Salary and Jobs at 1St Source Bank

1. How much does 1St Source Bank pay per hour?
The average hourly pay is $64. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at 1St Source Bank?
According to the data, the highest approximate salary is about $150,526 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at 1St Source Bank?
According to the data, the lowest estimated salary is about $116,482 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.