Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a Banking Business Development Rep in New Jersey is $81,500 per year, which breaks down to an hourly rate of $39.
However, a Banking Business Development Rep's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
Recruit with AI
Smart Recruiting
Banking Business Development Rep Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $88,200 | $7,350 | $1,696 | $42 |
| Average | $81,500 | $6,792 | $1,567 | $39 |
| 25th Percentile | $75,700 | $6,308 | $1,456 | $36 |
A-Staffing Inc. - Fort Lee, NJ
Elite Consulting Partners - Mount Laurel, NJ
Columbia Bank - Voorhees Township, NJ
Columbia Bank - Rahway, NJ
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, 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 | $79,623 |
| Intermediate Level Banking Business Development Rep | $79,794 |
| Senior Level Banking Business Development Rep | $82,003 |
| Specialist Level Banking Business Development Rep | $84,766 |
| Expert Level Banking Business Development Rep | $84,963 |
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:
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:
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 $88,194. While startup companies pay approximate $74,665.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $74,665 |
| Growth Stage | 51~500 | $78,963 |
| Established | 501~5000 | $85,182 |
| Enterprise | 5000+ | $88,194 |
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.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $89,650 | $43.0 | 10% |
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $88,200 | $7,350 | $1,696 | $42 |
| Average | $81,500 | $6,792 | $1,567 | $39 |
| 25th Percentile | $75,700 | $6,308 | $1,456 | $36 |
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.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Banking Systems Productivity Manager | $123,200 | 51% |
| Manager of Global Banking | $163,500 | 101% |
Ready to take the next step in your career? Browse thousands of current Banking Business Development Rep job openings on our job board. Use the search bar below to find your perfect match.
PRMG
Dunellen, NJ
PRMG | Dunellen, NJ
Business Development Manager. Responsible for directing, conducting, and implementing business development consistent with corporate plans and strategies. ... more
7 Days Ago
North Easton Savings Bank
MIDDLEBOROUGH, MA
North Easton Savings Bank | MIDDLEBOROUGH, MA
Description: Position Summary The Business Banking Officer is responsible for driving business banking growth within an assigned geographic market. This po... more
14 Days Ago
Sysco
CANTON, MI
Sysco | CANTON, MI
Position Purpose: This position will lead a team of Local New Business Developers for a specific region Responsible for driving profitable new customer gro... more
6 Days Ago
Sysco
GRAND RAPIDS, MI
Sysco | GRAND RAPIDS, MI
Position Purpose: This position will lead a team of Local New Business Developers for a specific region Responsible for driving profitable new customer gro... more
6 Days Ago
Geodis
CARSON, CA
Geodis | CARSON, CA
Business Development Manager Who We Are: GEODIS specializes in unlocking business value in a complex world, ensuring seamless movement of goods worldwide. ... more
6 Days Ago
Geodis
DALLAS, TX
Geodis | DALLAS, TX
Business Development Manager Who We Are: GEODIS specializes in unlocking business value in a complex world, ensuring seamless movement of goods worldwide. ... more
6 Days Ago
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com's CompAnalyst platform offers:
