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As of August 01, 2026, the average salary for a Top Business Development Executive in Michigan is $424,100 per year, which breaks down to an hourly rate of $204.
However, a Top Business Development Executive's salary can vary significantly. Here’s a look at the typical salary range:
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Top Business Development Executive Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $469,300 | $39,108 | $9,025 | $226 |
| Average | $424,100 | $35,342 | $8,156 | $204 |
| 25th Percentile | $397,200 | $33,100 | $7,638 | $191 |
Spartan Graphics, Inc. - Sparta, MI
SYNERGY HomeCare - Rochester, MI
Enova - Detroit, MI
Rep-Lite - Grand Rapids, MI
A Top Business Development Executive'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 Top Business Development Executive'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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Senior Manager Business Growth and Development | 5+ years | $171,408 |
| Director Business Growth and Development | 5+ years | $207,563 |
| VP Business Development | 5+ years | $266,892 |
| Business Development Executive | 5+ years | $316,161 |
| Top Business Development Executive | 5+ years | $424,011 |
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 Top Business Development Executives. 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:
Top Business Development Executive salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $474,755. While startup companies pay approximate $401,632.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $401,632 |
| Growth Stage | 51~500 | $424,773 |
| Established | 501~5000 | $458,461 |
| Enterprise | 5000+ | $474,755 |
For Top Business Development Executive roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, Top Business Development Executive positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view Top Business Development Executive as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $508,920 | $245.0 | 20% |
Understanding how a Top Business Development Executive'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 | $469,300 | $39,108 | $9,025 | $226 |
| Average | $424,100 | $35,342 | $8,156 | $204 |
| 25th Percentile | $397,200 | $33,100 | $7,638 | $191 |
Ready to take the next step in your career? Browse thousands of current Top Business Development Executive job openings on our job board. Use the search bar below to find your perfect match.
Confidential
Detroit, MI
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Detroit, MI
Confidential | Detroit, MI
Vice President, Executive Search & Business Development. About the Company. Nationally recognized executive search firm. Industry. Staffing and Recruiting.... more
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Rep-Lite
Grand Rapids, MI
Rep-Lite | Grand Rapids, MI
Business Development Executive - Workplace Furniture Solutions. Rep-Lite is partnering with a leading workplace furniture solutions organization to identif... more
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Rep-Lite
Detroit, MI
Rep-Lite | Detroit, MI
Business Development Executive - Workplace Furniture Solutions. Rep-Lite is partnering with a leading workplace furniture solutions organization to identif... more
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Confidential
Detroit, MI
Confidential | Detroit, MI
Executive Director, Business Development, Aerospace & Defense Manufacturing. About the Company. Respected manufacturing organization. Industry. Electrical/... more
1 Month Ago
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