How much does a Business Development Manager make in the United States? The average Business Development Manager salary in the United States is $125,245 as of December 26, 2019, but the range typically falls between $101,360 and $148,432. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Business Development Manager creates business strategies to facilitate company growth. Identifies and helps to develop strategic relationships with partners or potential customers. Being a Business Development Manager works with other departments to ensure alignment of company goals, as set by senior management. Evaluates appropriate information to forecast the return on future business transactions. Additionally, Business Development Manager designs and determines terms of business agreements. Requires a bachelor's degree in business. Typically reports to a manager. The Business Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Business Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2020 Salary.com)
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Business Development Manager in the United States. The base salary for Business Development Manager ranges from $101,360 to $148,432 with the average base salary of $125,245. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $109,358 to $167,124 with the average total cash compensation of $137,247.