As of January 01, 2026, the average salary for a Banking Business Development Rep in the United States is $75,100 per year, which breaks down to an hourly rate of $36.
However, a Banking Business Development Rep's salary can vary significantly. Here’s a look at the typical salary range:
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A Banking Business Development Rep's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Banking Business Development Rep's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Banking Business Development Rep | $73,393 |
| Intermediate Level Banking Business Development Rep | $73,548 |
| Senior Level Banking Business Development Rep | $75,563 |
| Specialist Level Banking Business Development Rep | $78,154 |
| Expert Level Banking Business Development Rep | $78,339 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Banking Business Development Reps. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 11.22% |
| Cold Calling | 2.74% |
| Transaction Processing | 0.95% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Merchandising
|
$90,120 |
20%
|
|
Sales Presentation
|
$90,120 |
20%
|
|
Career Development
|
$88,618 |
18%
|
|
Agility
|
$82,610 |
10%
|
|
Store Management
|
$82,610 |
10%
|
|
Office Management
|
$81,859 |
9%
|
Your level of education can impact your salary potential. While many Banking Business Development Reps enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Banking Business Development Rep with a High School Diploma or Technical Certificate is between $64,237 and $71,060).
Banking Business Development Rep Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.3% |
| High School | 25.3% |
| Associates | 11.4% |
| Bachelors | 57.0% |
| Masters | 3.8% |
| Doctorate | 1.3% |
Understanding how a Banking Business Development Rep's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on January 01, 2026Promotions are the fastest way to increase your earnings. As a Banking Business Development Rep, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Banking Business Development Team Leader | $121,600 | 62% |
| Manager Global Banking | $150,800 | 101% |
Salaries for a Banking Business Development Rep can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $66,481 in 2023 to around $66,550 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Banking Business Development Rep salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $66,481 |
| 2024 | $67,376 |
| 2025 | $66,550 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Business Development Officer (BDO) in a bank is responsible for generating sales opportunities and collaborating with Business Relationship Managers to cross-sell suitable business products and services while onboarding customers. The salary for this role typically ranges from $58,800 to $84,900, with a midpoint of $70,700.
A BDR can be both an entry-level or mid-career position, offering a salary range from $58,800 to $84,900. It's an excellent opportunity to learn sales skills, potentially leading to various roles in the field. If you excel at customer interactions but prefer to avoid cold calling, you might consider transitioning to Account Management.
Chase Bank offers a salary range for Business Development Representatives, with a minimum salary of $58,800, a mid-range salary of $70,700, and a maximum salary of $84,900. This reflects the competitive compensation structure for this role within the banking sector.
As of now, the salary for a Banking Business Development Representative ranges from $58,800 to $84,900 annually, with a midpoint of $70,700. This translates to approximately $28.23 to $40.77 per hour, or $1,100 to $1,600 per week. The monthly earnings can range from about $4,900 to $7,100, depending on experience and performance.
The estimated total pay range for a Business Development Consultant at U.S. Bank is approximately $58,800 to $84,900 per year, based on the salary data for Banking Business Development Representatives. This range reflects the base salary without including additional compensation.
The role of a Banking Business Development Representative can be stressful at times, but the potential rewards are significant. With salaries ranging from $58,800 to $84,900, many BDRs report high job satisfaction due to the financial incentives and opportunities for growth in their careers.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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