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What is the highest and lowest pay for Business Development Manager, Sr.?

As of December 01, 2024, the average annual pay of Business Development Manager, Sr. in the United States is $182,857. While Salary.com is seeing that the highest pay for Business Development Manager, Sr. in the US can go up to $225,767 and the lowest down to $146,328, but most earn between $163,736 and $205,318. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Business Development Manager, Sr. in the United States.

Business Development Manager, Sr. Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $205,318 $17,110 $3,948 $99
Average $182,857 $15,238 $3,516 $88
25th Percentile $163,736 $13,645 $3,149 $79

Average Salary

25% $163,736 10% $146,328 90% $225,767 75% $205,318 $182,857 50%(Median) Didn’t find job title? Click
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What is the hourly and monthly salary as a Business Development Manager, Sr.?

As of December 01, 2024, the average hourly salary is $88 (range: $70 to $109); the average monthly salary is $15,238 (range: $12,194 to $18,814).

Click the switch button below to see weekly and yearly salary of a Business Development Manager, Sr..

Last Updated on December 01, 2024
Last Updated on December 01, 2024

What are the salaries of Business Development Manager, Sr. with different levels of experience?

As of December 01, 2024, Salary.com is seeing that an entry-level Business Development Manager, Sr. with under 1 year experience makes about $173,404. With less than 2 years of experience, a mid-level Business Development Manager, Sr. makes around $174,824. After 2-4 years, the Business Development Manager, Sr. pay rises to about $177,663. Those senior Business Development Manager, Sr. with 5-8 years of experience earn roughly $181,921, and those Business Development Manager, Sr. having 8 years or more experience is expected to earn about $190,262 on average.

Levels Salary
Entry Level Business Development Manager, Sr. $173,404
Intermediate Level Business Development Manager, Sr. $174,824
Senior Level Business Development Manager, Sr. $177,663
Specialist Level Business Development Manager, Sr. $181,921
Expert Level Business Development Manager, Sr. $190,262
$173,404 0 yr
$174,824 < 2 yrs
$177,663 2-4 yrs
$181,921 5-8 yrs
$190,262 > 8 yrs
Last Updated on December 01, 2024
Entry Level 5%
Mid Level 4%
Senior Level 3%
Top Level 1%
Experienced 4%
View as graph
Last Updated on December 01, 2024

How much does salary of Business Development Manager, Sr. vary from state to state?

How much does salary of Business Development Manager, Sr. vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of December 01, 2024, the average yearly salary of Business Development Manager, Sr. in San Francisco, CA is $228,571 and in New York, NY, the average annual salary goes to $213,577. While a Business Development Manager, Sr. earns $204,982 per year in Boston, MA.

What is the salary trend of Business Development Manager, Sr.?

For those exploring the changing dynamics of Business Development Manager, Sr. salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Business Development Manager, Sr. compensation over the past six years. For instance, the median salary has moved from $165,886 in 2023 to about $164,844 in 2024 (for a comprehensive analysis of Business Development Manager, Sr. salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Business Development Manager, Sr. Over Time

2020
$???
2021
$???
2022
$???
$165,886
2023
$164,844
2024
$163,192
2025
2026
$???
Last Updated on December 01, 2024
2020
$???
2021
$???
2022
$???
2023
$165,886
2024
$164,844
2025
$163,192
2026
$???
Last Updated on December 01, 2024

Business Development Manager, Sr. Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $165,886
2024 $164,844
2025 $163,192
2026 View More
Last Updated on December 01, 2024

Job Openings of Business Development Manager, Sr.

Salary.com job board provides millions of Business Development Manager, Sr. information for you to search for. Click on search button below to see Business Development Manager, Sr. job openings or enter a new job title here.

Most Common Benefits for Business Development Manager, Sr.

Based on HR-reported data: a national average with a geographic differential
Base Salary 65.1%
Bonuses 9.3%
Social Security 4.8%
401k/403b 3.1%
Disability 1.5%
Healthcare 3.0%
Pension 4.0%
Time Off 9.2%
Core Compensation
Core Compensation Median % of Total
Base Salary $182,857 65.1%
Bonus $26,131 9.3%
Value of Benefits
Core Compensation Median % of Total
Social Security $13,484 4.8%
401K/403B $8,778 3.1%
Disability $4,180 1.5%
Healthcare $8,352 3.0%
Pension $11,285 4.0%
Time Off $25,722 9.2%
Total Compensation $280,788 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on December 01, 2024

What are the salaries of a Business Development Manager, Sr. with different levels of education?

Salaries for Business Development Manager, Sr. with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Business Development Manager, Sr. with a Associate's Degree is $173,404 - $184,256. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Business Development Manager, Sr. Salaries by Degree Level

Last Updated on December 01, 2024
Typical Education for Business Development Manager, Sr.
Degree Level % of user with this level of education
No Diploma 0.8%
High School 2.6%
Associates 2.8%
Bachelors 38.8%
Masters 51.7%
Doctorate 3.3%
Typical Education for Business Development Manager, Sr.
No Diploma 0.8%
High School 2.6%
Associates 2.8%
Bachelors 38.8%
Masters 51.7%
Doctorate 3.3%
view as table

Business Development Manager, Sr. Salaries by Degree Level

Last Updated on December 01, 2024

What Am I Worth?

FAQ about Business Development Manager, Sr.

1. What is the average salary of a Business Development Manager, Sr.?

The average annual salary of Business Development Manager, Sr. is $182,857. In case you are finding an easy salary calculator, the average hourly pay of Business Development Manager, Sr. is $88; the average weekly pay of Business Development Manager, Sr. is $3,516; the average monthly pay of Business Development Manager, Sr. is $15,238.

2. Where can a Business Development Manager, Sr. earn the most?

A Business Development Manager, Sr.'s earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Business Development Manager, Sr. earns the most in San Jose, CA, where the annual salary of a Business Development Manager, Sr. is $229,485.

3. What is the highest pay for Business Development Manager, Sr.?

The highest pay for Business Development Manager, Sr. is $225,767.

4. What is the lowest pay for Business Development Manager, Sr.?

The lowest pay for Business Development Manager, Sr. is $146,328.

5. What are the responsibilities of Business Development Manager, Sr.?

Business Development Manager, Sr. manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Being a Business Development Manager, Sr. establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Additionally, Business Development Manager, Sr. makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. The Business Development Manager, Sr. typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Business Development Manager, Sr. typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.

6. What are the skills of Business Development Manager, Sr.

Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.

1.)

Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.

2.)

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.)

Salesforce: Designing and maintaining a cloud-based software that provides customer relationship management (CRM) service for a better experience.

About Our Data

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.

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The average salary for a Business Development Manager, Sr. is $182,857 per year in the United States, updated at December 01, 2024.
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