What are the main factors that influence a Banking Business Development Rep's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Banking Business Development Rep's salary?

A Banking Business Development Rep's salary grows with experience: starting around $73,460 for beginners, reaching about $75,655 at mid-level, and approach $78,387 for experts.

What are the highest paying states for a Banking Business Development Rep?

Banking Business Development Rep salary varies significantly by state. The top 3 highest paying states for Banking Business Development Rep roles are District of Columbia $83,300, California $82,900, Massachusetts $81,800. These tech hubs typically pay 10-15% above the national average.

How much do different types of Banking Business Development Rep roles make?

Salaries for Banking Business Development Rep level roles vary by specialization: Energy Business Development Rep IV: $162,650; Energy Business Development Rep III: $127,180; BUSINESS DEVELOPMENT COORD REP: $101,907; Business Development Rep: $100,456; Business Banking Development Officer II: $91,194.

How do different companies affect a Banking Business Development Rep's salary?

Company size, industry, and compensation structure create significant salary variations for Banking Business Development Rep roles. Large, established industry leaders like Kpmg Us LLP ($114,295) and Warner Bros Discovery ($114,096) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $88,138.

Banking Business Development Rep Salary in the United States

How much does a Banking Business Development Rep make in the United States?

As of September 01, 2026, the average salary for a Banking Business Development Rep in the United States is $75,200 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:

Top Earners (90th percentile): $86,854
Majority Range (25th-75th percentile): $69,900 to $81,300
Entry-Level (10th percentile): $65,075

10% $65,075

50% (Median) $75,200

90% $86,854

Banking Business Development Rep Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$81,300	$6,775	$1,563	$39
Average	$75,200	$6,267	$1,446	$36
25th Percentile	$69,900	$5,825	$1,344	$34

Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

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Key Factors That Influence Banking Business Development Rep Salaries

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.

How Experience Level Affects Banking Business Development Rep Salaries?

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:

Entry-Level (less than 1 year): $73,460
Early Career (1-2 years): $73,618
Mid-Level (2-4 years): $75,655
Senior-Level (5-8 years): $78,204
Expert (over 8 years): $78,387

Levels	Salary
Entry Level Banking Business Development Rep	$73,460
Intermediate Level Banking Business Development Rep	$73,618
Senior Level Banking Business Development Rep	$75,655
Specialist Level Banking Business Development Rep	$78,204
Expert Level Banking Business Development Rep	$78,387

View as Graph

How Do Banking Business Development Rep Salaries Vary from State to State?

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:

District of Columbia: $83,300.
California: $82,900.
Massachusetts: $81,800.

District of Columbia $83,300 California $82,900 Massachusetts $81,800 Washington $81,500 New Jersey $81,500 Alaska $81,400 Connecticut $80,400 New York $79,900

Hawaii $78,600 Rhode Island $78,000 Maryland $77,500 Minnesota $77,000 Illinois $76,700 Colorado $76,700 Oregon $76,400 Delaware $76,200

New Hampshire $76,000 Virginia $75,700 Pennsylvania $74,900 Nevada $74,400 North Dakota $74,300 Michigan $74,100 Wisconsin $74,000 Vermont $73,800

Texas $73,400 Arizona $73,300 Maine $73,300 Ohio $73,200 Georgia $72,500 Indiana $72,200 Wyoming $72,100 Utah $72,000

Iowa $72,000 Kansas $71,600 Louisiana $71,500 North Carolina $71,500 Missouri $71,500 Florida $71,200 Montana $71,000 Nebraska $70,800

Kentucky $70,800 South Carolina $70,500 Tennessee $70,300 Idaho $70,200 New Mexico $69,700 Oklahoma $69,500 Alabama $69,100 South Dakota $68,300

Arkansas $67,900 West Virginia $67,700 Mississippi $67,100

Top Paying Cities for Banking Business Development Reps

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $94,800
San Francisco: $93,800
Oakland: $91,800

San Jose, CA $94,800

San Francisco, CA $93,800

Oakland, CA $91,800

New York, NY $86,600

Paramus, NJ $85,500

Queens Village, NY $85,500

Passaic, NJ $85,500

Bergenfield, NJ $85,400

Stamford, CT $85,300

Huntington, NY $85,200

Newark, NJ $84,700

Bridgeport, CT $84,500

Vallejo, CA $84,400

New Brunswick, NJ $84,400

Petaluma, CA $84,300

Middlesex, NJ $84,200

Somerset, NJ $84,100

Santa Cruz, CA $84,000

Boston, MA $83,600

Monterey, CA $83,300

Seattle, WA $83,100

Santa Rosa, CA $83,100

Los Angeles, CA $83,100

Juneau, AK $82,900

Washington, DC $82,800

Orange, CA $82,500

Santa Ana, CA $82,300

Long Beach, CA $82,300

Anaheim, CA $82,300

Anchorage, AK $82,200

Santa Maria, CA $82,000

Everett, WA $82,000

Danbury, CT $81,700

Bremerton, WA $81,600

Tacoma, WA $81,300

New Suffolk, NY $81,300

Sacramento, CA $81,300

Santa Barbara, CA $81,200

Brockton, MA $81,100

San Diego, CA $81,100

Trenton, NJ $81,100

Fairbanks, AK $80,900

Lompoc, CA $80,700

Lowell, MA $80,600

Ventura, CA $80,600

Nashua, NH $80,600

Stockton, CA $80,600

Modesto, CA $80,000

Poughkeepsie, NY $79,900

Kennewick, WA $79,700

Olympia, WA $79,700

New Haven, CT $79,700

Lawrence, MA $79,400

Hartford, CT $79,400

New Bedford, MA $79,300

Richland, WA $79,300

Riverside, CA $79,300

Bakersfield, CA $79,200

Portsmouth, NH $79,100

Norwich, CT $79,100

New London, CT $79,100

San Bernardino, CA $79,100

New Britain, CT $79,100

Atlantic City, NJ $79,100

Boulder, CO $78,900

Portland, OR $78,800

Worcester, MA $78,800

Minneapolis, MN $78,600

Philadelphia, PA $78,400

Honolulu, HI $78,200

Saint Paul, MN $78,200

Vineland, NJ $78,100

Providence, RI $77,900

Chicago, IL $77,700

Springfield, MA $77,600

Bellingham, WA $77,600

Baltimore, MD $77,500

Chico, CA $77,400

Pittsfield, MA $77,100

Manchester, NH $77,000

Spokane, WA $76,700

Denver, CO $76,700

Albany, NY $76,300

Troy, NY $76,300

Nassau, NY $76,200

Wilmington, DE $76,100

Schenectady, NY $76,100

Burlington, VT $76,000

Salem, OR $75,900

Portland, ME $75,700

Yakima, WA $75,600

Rochester, MN $75,400

Reno, NV $75,400

Fresno, CA $75,400

Milwaukee, WI $75,300

Allentown, PA $75,200

Ann Arbor, MI $75,200

Detroit, MI $75,200

Colorado Springs, CO $75,100

Syracuse, NY $75,000

Carson City, NV $75,000

Houston, TX $74,900

Eugene, OR $74,900

Gary, IN $74,800

Bismarck, ND $74,700

Galveston, TX $74,700

Springfield, OR $74,700

Medford, OR $74,500

Fort Collins, CO $74,500

Concord, NH $74,500

Austin, TX $74,500

Dallas, TX $74,300

Mesa, AZ $74,300

Reading, PA $74,300

Phoenix, AZ $74,300

Saint Cloud, MN $74,200

Madison, WI $74,100

Utica, NY $73,900

Rochester, NY $73,800

Des Moines, IA $73,800

Raleigh, NC $73,800

Atlanta, GA $73,600

Battle Creek, MI $73,600

Salt Lake City, UT $73,600

Lancaster, PA $73,500

Harrisburg, PA $73,400

Columbus, OH $73,300

Fort Worth, TX $73,300

Kansas City, MO $73,300

Kansas City, KS $73,300

Champaign, IL $73,300

Cleveland, OH $73,200

Boca Raton, FL $73,200

Pittsburgh, PA $73,200

Richmond, VA $73,200

Indianapolis, IN $73,200

Cincinnati, OH $73,100

Las Vegas, NV $73,100

Petersburg, VA $73,000

Huntsville, AL $72,800

Lansing, MI $72,800

Lebanon, PA $72,800

Pueblo, CO $72,800

Appleton, WI $72,800

Saint Louis, MO $72,700

Charlotte, NC $72,700

Racine, WI $72,700

Dayton, OH $72,700

Buffalo, NY $72,700

York, PA $72,600

Elkhart, IN $72,600

Gastonia, NC $72,600

Billings, MT $72,600

Beaumont, TX $72,600

Binghamton, NY $72,500

Toledo, OH $72,500

Rock Hill, SC $72,500

Lorain, OH $72,500

Benton Harbor, MI $72,500

Rockford, IL $72,400

Springfield, IL $72,400

Elyria, OH $72,400

Fargo, ND $72,400

Miami, FL $72,300

Duluth, MN $72,300

Flagstaff, AZ $72,300

Fort Lauderdale, FL $72,300

Grand Forks, ND $72,200

Cheyenne, WY $72,200

Bangor, ME $72,000

Cedar Rapids, IA $72,000

Grand Rapids, MI $71,900

Durham, NC $71,900

Louisville, KY $71,900

Hialeah, FL $71,900

Casper, WY $71,800

Scranton, PA $71,700

New Orleans, LA $71,700

Virginia Beach, VA $71,700

Akron, OH $71,600

Peoria, IL $71,500

Sarasota, FL $71,500

Nashville, TN $71,500

Omaha, NE $71,500

Green Bay, WI $71,500

Jamestown, NY $71,400

Davenport, IA $71,400

Baton Rouge, LA $71,400

Charleston, SC $71,400

Tucson, AZ $71,300

Saint Petersburg, FL $71,300

Tampa, FL $71,300

Port Arthur, TX $71,200

Evansville, IN $71,200

Bradenton, FL $71,200

Santa Fe, NM $71,100

Orlando, FL $70,900

Clearwater, FL $70,900

La Crosse, WI $70,800

Canton, OH $70,800

Albuquerque, NM $70,700

Newport News, VA $70,700

High Point, NC $70,700

Ogden, UT $70,600

Corpus Christi, TX $70,600

Salisbury, NC $70,500

Jacksonville, FL $70,500

Saginaw, MI $70,500

Norfolk, VA $70,500

Laramie, WY $70,500

Rock Island, IL $70,500

Memphis, TN $70,400

Boise, ID $70,400

Moline, IL $70,400

Fort Myers, FL $70,400

Waterloo, IA $70,300

Tulsa, OK $70,300

Spartanburg, SC $70,200

Lincoln, NE $70,200

Fort Wayne, IN $70,200

Provo, UT $70,200

Cedar Falls, IA $70,100

San Antonio, TX $70,000

Greensboro, NC $70,000

South Bend, IN $70,000

Birmingham, AL $69,900

Savannah, GA $69,900

Muskegon, MI $69,900

Winston Salem, NC $69,800

Lake Charles, LA $69,700

Greenville, SC $69,600

Anderson, IN $69,600

Lexington, KY $69,600

Augusta, GA $69,600

Tuscaloosa, AL $69,500

Columbia, SC $69,500

Lima, OH $69,500

Wichita, KS $69,500

Springfield, OH $69,400

Asheville, NC $69,300

Bloomington, IN $69,300

Knoxville, TN $69,000

Shreveport, LA $69,000

Wilmington, NC $68,900

Roanoke, VA $68,900

Frankfort, KY $68,800

Topeka, KS $68,800

Oklahoma City, OK $68,700

Chillicothe, OH $68,700

Longview, TX $68,700

Melbourne, FL $68,700

Terre Haute, IN $68,500

Sioux Falls, SD $68,500

Mobile, AL $68,500

Altoona, PA $68,500

Killeen, TX $68,400

Amarillo, TX $68,400

Fayetteville, AR $68,300

Chattanooga, TN $68,300

Sioux City, IA $68,200

Idaho Falls, ID $68,200

Lynchburg, VA $68,200

Gainesville, FL $68,100

Lafayette, LA $68,000

Youngstown, OH $68,000

Portsmouth, OH $68,000

Little Rock, AR $68,000

Daytona Beach, FL $67,900

Clarksville, TN $67,900

Pensacola, FL $67,900

Temple, TX $67,900

Hopkinsville, KY $67,700

Erie, PA $67,700

Florence, SC $67,600

Charleston, WV $67,500

Great Falls, MT $67,500

Fayetteville, NC $67,400

Macon, GA $67,400

Tallahassee, FL $67,400

Waco, TX $67,300

Helena, MT $67,300

Pine Bluff, AR $67,300

Vincennes, IN $67,200

Lubbock, TX $67,100

Alamogordo, NM $67,100

Twin Falls, ID $67,000

Rapid City, SD $67,000

Greenville, MS $66,900

Jackson, MS $66,900

Huntington, WV $66,900

Parkersburg, WV $66,800

Montgomery, AL $66,800

Wichita Falls, TX $66,700

Springfield, MO $66,700

Biloxi, MS $66,700

Monroe, LA $66,600

Columbus, GA $66,500

Sumter, SC $66,500

Johnstown, PA $66,500

Pascagoula, MS $66,300

Abilene, TX $66,300

Kingsport, TN $66,200

Albany, GA $66,200

Gulfport, MS $66,100

Alexandria, LA $65,900

Fort Smith, AR $65,700

El Paso, TX $65,500

Las Cruces, NM $65,200

Harlingen, TX $65,000

Pocatello, ID $65,000

Florence, AL $64,900

Brownsville, TX $64,800

Mcallen, TX $64,700

Dothan, AL $64,600

Columbus, MS $64,100

Altus, OK $63,800

Lawton, OK $63,600

Pierre, SD $63,400

What Skills Can Increase a Banking Business Development Rep's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 11.22% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Cold Calling (Mentioned in 2.74% Job Postings): Cold calling is the solicitation of business from potential customers who have had no prior contact with the salesperson conducting the call. It is an attempt to convince potential customers to purchase either the salesperson's product or service. Generally, it is referred as an over-the-phone process, making it a source of telemarketing, but can also be done in-person by door-to-door salespeople. Though cold calling can be used as a legitimate business tool, scammers can use cold calling as well.
Transaction Processing (Mentioned in 0.95% Job Postings): Transaction processing is information processing in computer science that is divided into individual, indivisible operations called transactions.

Skills	Demand Percentage
Customer Service	11.22%
Cold Calling	2.74%
Transaction Processing	0.95%

See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Banking Business Development Rep's salary.

Merchandising: Can increase your salary by up to 20%.
Sales Presentation: Can increase your salary by up to 20%.
Career Development: Can increase your salary by up to 18%.

Skill	Salary	Salary % Increase
Merchandising	$90,240	20%
Sales Presentation	$90,240	20%
Career Development	$88,736	18%

Get Latest Data

Banking Business Development Rep Salary by Company Size: Startups vs. Enterprise

Banking Business Development Rep salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $81,431. While startup companies pay approximate $68,902.

Banking Business Development Rep Salary by Company Size

Company Size	Employees	Average Salary
Startup	1~50	$68,902
Growth Stage	51~500	$72,881
Established	501~5000	$78,633
Enterprise	5000+	$81,431

Banking Business Development Rep Salary by Industry: Top Paying Sectors

For Banking Business Development Rep roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, Banking Business Development Rep positions in Business Services typically offer lower base pay, as this sector often view Banking Business Development Rep as a support function rather than a direct revenue driver.

The top paying industry for a Banking Business Development Rep

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$82,720	$40.0	10%

How Education impacts a Banking Business Development Rep's Salary?

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

$73,700
$72,300
$71,000
$69,600
$68,300
$67,000
$65,600
$64,300

Typical Education for Banking Business Development Rep
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%

View as Graph

Banking Business Development Rep Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

$69,900

Average $75,200/year

$81,300

$5,825

Average $6,267/month

$6,775

$1,344

Average $1,446/week

$1,563

$34

Average $36/hour

$39

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$81,300	$6,775	$1,563	$39
Average	$75,200	$6,267	$1,446	$36
25th Percentile	$69,900	$5,825	$1,344	$34

Banking Business Development Rep Salary Growth & Career Path

Banking Business Development Rep

Next Role

Promotions 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.

Banking Business Development Rep Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Banking Systems Productivity Manager	$113,700	51%
Manager of Global Banking	$150,900	101%

Salary Trends for Banking Business Development Rep

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, .

Average Annual Salary of Banking Business Development Rep Over Time

$???
$66,481
$67,376
$66,550
$???
$???

2022
2023
2024
2025
2026
2027

Year	Average Annual Salary
2022	View More
2023	$66,481
2024	$67,376
2025	$66,550
2026	View More
2027	View More

Most common benefits for Banking Business Development Rep

Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)

Common company salaries for Banking Business Development Rep

Here are companies hiring for Banking Business Development Rep and their salaries, click below for more details.

K $114,295/per year

Kpmg Us LLP Business Services the United States

W $114,096/per year

Warner Bros Discovery Business Services the United States

D $111,927/per year

Dentsu International Ltd Business Services the United States

G $111,873/per year

GroupM Worldwide Inc Business Services the United States

C $111,651/per year

CoWorx Staffing Business Services the United States

C $110,194/per year

Contemporary Services Corp Business Services the United States

S $107,128/per year

Showcase Cinemas Business Services the United States

A $106,429/per year

Amentum Services Inc Business Services the United States

A $106,199/per year

Allied Universal Security Services LLC Business Services the United States

S $106,104/per year

Sodexo USA Business Services the United States

J $105,192/per year

JLL Technologies Business Services the United States

I $104,478/per year

Intact Insurance Group USA LLC Business Services the United States

N $101,619/per year

NielsenIQ Business Services the United States

T $101,470/per year

The Leading Edge Alliance Business Services the United States

H $101,308/per year

Honeywell UOP Business Services the United States

R $97,720/per year

Reeve & Associates Business Services the United States

M $97,584/per year

ManpowerGroup Global Inc Business Services the United States

F $95,980/per year

Financial Sys Nco Business Services the United States

A $95,314/per year

Arrow Global Ltd Business Services the United States

C $94,777/per year

CarMax Enterprise Services LLC Business Services the United States

D $94,479/per year

DZConneX Business Services the United States

A $93,802/per year

Adecco Staffing, USA Business Services the United States

R $92,937/per year

Resource MFG Business Services the United States

Z $92,774/per year

Zachry Brands Inc Business Services the United States

G $88,138/per year

Greystar Worldwide LLC Business Services the United States

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FAQ about Banking Business Development Rep

1. What industry pays the highest salary for Banking Business Development Rep?

The Financial Services industry offers the highest average compensation for Banking Business Development Rep roles, with salaries approximately 10% above the market median.

2. What is a Business Development officer in a Bank?

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.

3. Is BDR an entry level job?

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.

4. How much does Chase Bank pay Business Development manager?

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.

5. How much should a BDR make?

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.

6. How much does a business development consultant make at US Bank?

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.

7. Is BDR a stressful job?

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.

Where Does Our Salary Data Come From?

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.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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