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Business Development Salary in Minnesota

How much does a Business Development make in Minnesota?

As of November 01, 2026, the average salary for a Business Development in Minnesota is $195,567 per year, which breaks down to an hourly rate of $94.

However, a Business Development's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $241,293
  • Majority Range (25th-75th percentile): $174,274 to $219,502
  • Entry-Level (10th percentile): $154,888
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Business Development Salaries

A 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.

How Experience Level Affects Business Development Salaries?

Experience is a primary driver of a 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:

  • Entry-Level (less than 1 year): $118,535
  • Early Career (1-2 years): $133,451
  • Mid-Level (2-4 years): $175,567
  • Senior-Level (5-8 years): $212,661
  • Expert (over 8 years): $273,478
Levels Salary
Business ... Level Business Development$118,535
Business ... Level Business Development$133,451
Business ... Level Business Development$175,567
Business ... Level Business Development$212,661
Vice Pres... Level Business Development$273,478
View as Graph

How Do Business Development Salaries Vary from State to State?

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 Business Developments. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $211,601.
  • California: $210,799.
  • Massachusetts: $207,989.

Top Paying Cities for Business Developments

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:

  • Conger: $187,240
  • Courtland: $187,028
  • Darfur: $186,065

Business Development Salary by Industry: Top Paying Sectors

For Business Development 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 Software & Networking and Aerospace & Defense sectors offer the strongest compensation, at 20% above the average. In contrast, Business Development positions in Retail & Wholesale or Transportation typically offer lower base pay, as these industries often view Business Development as a support function rather than a direct revenue driver.

The top paying industry for a Business Development

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$234,680$113.020%

Business Development Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a 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.

Last Updated on November 01, 2026
$174,274
Average $195,567/year
$219,502
$14,523
Average $16,297/month
$18,292
$3,351
Average $3,761/week
$4,221
$84
Average $94/hour
$106
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $219,502 $18,292 $4,221 $106
Average $195,567 $16,297 $3,761 $94
25th Percentile $174,274 $14,523 $3,351 $84

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Where Does Our Salary Data Come From?

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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