As of November 01, 2025, the average salary for an SVP of Business Development in Luverne, MN is $286,400 per year, which breaks down to an hourly rate of $138.
However, an SVP of Business Development's salary can vary significantly. Here’s a look at the typical salary range:
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SVP of Business Development Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $309,262 | $25,772 | $5,947 | $149 |
| Average | $286,400 | $23,867 | $5,508 | $138 |
| 25th Percentile | $258,740 | $21,562 | $4,976 | $124 |
Northrop Grumman - Plymouth, MN
Northrop Grumman - Plymouth, MN
Northrop Grumman - Plymouth, MN
Northrop Grumman - Plymouth, MN
An SVP of Business Development'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 an SVP of Business Development'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 SVP of Business Development | $269,032 |
| Intermediate Level SVP of Business Development | $271,540 |
| Senior Level SVP of Business Development | $274,883 |
| Specialist Level SVP of Business Development | $279,899 |
| Expert Level SVP of Business Development | $286,169 |
What Am I Worth?
Salaries can also vary between different cities, even within the same state. 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 Minnesota cities:
Understanding how an SVP of Business Development'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 | $309,262 | $25,772 | $5,947 | $149 |
| Average | $286,400 | $23,867 | $5,508 | $138 |
| 25th Percentile | $258,740 | $21,562 | $4,976 | $124 |
Ready to take the next step in your career? Browse thousands of current SVP of Business Development job openings on our job board. Use the search bar below to find your perfect match.
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