Business Development Director Salary at Midwest Heritage Bank BETA

How much does a Midwest Heritage Bank Business Development Director make?

As of December 2024, the average annual salary for a Business Development Director at Midwest Heritage Bank is $174,165, which translates to approximately $84 per hour. Salaries for Business Development Director at Midwest Heritage Bank typically range from $155,592 to $190,122, 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.

Midwest Heritage Bank Overview

Website:
mhbank.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

Established in 1873, Midwest Heritage Bank is one of the oldest financial institutions based in the state of Iowa. After being purchased in 1986 by Hy-Vee, a respected leader in retail grocery services, we have grown by placing convenient bank offices inside the Hy-Vee stores, allowing our customers the convenience of Banking where they shop! Midwest Heritage bank is open extended business hours, seven days a week giving you the convenience to bank on your time. Carrying the tradition of "small town" banking, Midwest Heritage Bank has remained focused on the customer over the years as competition has increased. We pride ourselves on being the leader in convenience banking and personalized service. As "The Bank with a Hy-Vee in our Lobby", we promise to serve you with a helpful smile and give you the attention you deserve. As a customer of Midwest Heritage Bank you can expect friendly service from a staff that genuinely cares about you. You are important to us.

See similar companies related to Midwest Heritage Bank

What Skills Does a person Need at Midwest Heritage Bank?

At Midwest Heritage 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. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  3. 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.
  4. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  5. 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.

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Check more jobs information at Midwest Heritage Bank

Job Title Average Midwest Heritage Bank Salary Hourly Rate
2 Senior Sales Representative $86,846 $42
3 Systems Specialist $60,736 $29
4 Treasury Management Officer $101,776 $49
5 Vice President, Compliance & Audit $241,317 $116
6 Account Executive $65,097 $31
7 Account Manager, P&C $89,823 $43
8 Application Systems Analyst $76,152 $37
9 Assistant Controller $141,833 $68
10 Associate Account Manager $89,823 $43
11 Benefits Specialist $97,554 $47
12 Commercial Account Executive $228,678 $110
13 Customer Care Representative $37,015 $18

Hourly Pay at Midwest Heritage Bank

The average hourly pay at Midwest Heritage Bank for a Business Development Director is $84 per hour. The location, department, and job description all have an impact on the typical compensation for Midwest Heritage Bank positions. The pay range and total remuneration for the job title are shown in the table below. Midwest Heritage Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $174,165 look to you?

FAQ about Salary and Jobs at Midwest Heritage Bank

1. How much does Midwest Heritage Bank pay per hour?
The average hourly pay is $84. 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 Midwest Heritage Bank?
According to the data, the highest approximate salary is about $190,122 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 Midwest Heritage Bank?
According to the data, the lowest estimated salary is about $155,592 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.