As of March 01, 2025, the average annual salary for a Business Development Director - Biotech in Minneapolis, MN is $183,887. Salary.com reports that pay typically ranges from $165,186 to $207,050, with most professionals earning between $148,161 and $228,138.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $195,146 | $16,262 | $3,753 | $94 |
| Average | $173,314 | $14,443 | $3,333 | $83 |
| 25th Percentile | $155,689 | $12,974 | $2,994 | $75 |
An entry-level Business Development Director - Biotech with under 1 year experience makes about $175,232. With less than 2 years of experience, a mid-level Business Development Director - Biotech makes around $176,062. After 2-4 years, the Business Development Director - Biotech pay rises to about $178,826. Those senior Business Development Director - Biotech with 5-8 years of experience earn roughly $182,144, and those Business Development Director - Biotech having 8 years or more experience are expected to earn about $187,965 on average.
| Levels | Salary |
|---|---|
| Entry Level Business Development Director - Biotech | $175,232 |
| Intermediate Level Business Development Director - Biotech | $176,062 |
| Senior Level Business Development Director - Biotech | $178,826 |
| Specialist Level Business Development Director - Biotech | $182,144 |
| Expert Level Business Development Director - Biotech | $187,965 |
| Entry Level | 1% |
| Mid Level | 2% |
| Senior Level | 3% |
| Top Level | 5% |
| Experienced | 8% |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Prospecting: Prospecting is the first stage of the geological analysis (second – exploration) of a territory. It is the physical search for minerals, fossils, precious metals or mineral specimens, and is also known as fossicking. Prospecting is a small-scale form of mineral exploration which is an organised, large scale effort undertaken by commercial mineral companies to find commercially viable ore deposits. Prospecting is physical labour, involving traversing (traditionally on foot or on horseback), panning, sifting and outcrop investigation, looking for signs of mineralisation. In some areas a prospector must also make claims, meaning they must erect posts with the appropriate placards on all four corners of a desired land they wish to prospect and register this claim before they may take samples. In other areas publicly held lands are open to prospecting without staking a mining claim.
Go To Market: A go-to-market (GTM) strategy is a plan that details how an organization can engage with customers to convince them to buy their product or service.
