New Business Development Salary in the United States

How much does a New Business Development make in the United States?

As of April 01, 2026, the average salary for a New Business Development in the United States is $427,638 per year, which breaks down to an hourly rate of $206.

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

  • Top Earners (90th percentile): $507,307
  • Majority Range (25th-75th percentile): $398,362 to $469,340
  • Entry-Level (10th percentile): $371,708
Compensation Planning
Develop a Job Description
Pay Equity
2025 Compensation Trend
Recruit with AI
AI-Powered HR
View as table View as graph 25% $398,362 10% $371,708 90% $507,307 75% $469,340 $427,638 50%(Median) Didn’t find job title? Click

New Business Development Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $469,340 $39,112 $9,026 $226
Average $427,638 $35,637 $8,224 $206
25th Percentile $398,362 $33,197 $7,661 $192
Check out New Business Development Job Openings in the United States
Business Development Manager

Globe Life: Whittingham Agencies - Mt Auburn, OH

Business Development Manager

Globe Life: Whittingham Agencies - Queen, OH

Business Development Manager

Globe Life: Whittingham Agencies - Corryville, OH

Business Development Manager

Globe Life: Whittingham Agencies - Avondale, OH

Search More New Business Development Jobs in the United States

Key Factors That Influence New Business Development Salaries

A New 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, education and company size can directly affect your earning potential.

How Experience Level Affects New Business Development Salaries?

Experience is a primary driver of a New 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): $173,984
  • Early Career (1-2 years): $210,602
  • Mid-Level (2-4 years): $270,755
  • Senior-Level (5-8 years): $320,618
  • Expert (over 8 years): $429,671
Levels Salary
Business ... Level New Business Development$173,984
Business ... Level New Business Development$210,602
Vice Pres... Level New Business Development$270,755
SVP of Bu... Level New Business Development$320,618
New Busin... Level New Business Development$429,671
$173,984 0 yr
$210,602 < 2 yrs
$270,755 2-4 yrs
$320,618 5-8 yrs
$429,671 > 8 yrs
View as Table
View as Graph

What Am I Worth?

Top Paying Cities for New 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:

  • San Jose: $539,380
  • San Francisco: $534,077
  • Oakland: $522,232

What Skills Can Increase a New Business Development's Salary?

Demanded Skills for the Role:

  • Leadership (Mentioned in 6.14% Job Postings): Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  • Financial Accounting (Mentioned in 1.51% Job Postings): Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of passionable accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
  • Sales and Marketing (Mentioned in 1.09% Job Postings): Marketing consists of the strategies your company employs to generate interest in your business. Sales are the methods by which you convert that interest into a transaction.
See More Skills
Skills Demand Percentage
Leadership 6.14%
Financial Accounting 1.51%
Sales and Marketing 1.09%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a New Business Development's salary.
  • Hard Working: Can increase your salary by up to 17%.
  • Brand Management: Can increase your salary by up to 16%.
  • Innovation: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Hard Working
$500,336
17%
Brand Management
$496,060
16%
Innovation
$470,402
10%
Insight
$470,402
10%
Strategic Planning
$466,125
9%
Leadership
$461,849
8%
Get Latest Data

How Education impacts a New Business Development's Salary?

Your level of education can impact your salary potential. While many New Business Developments enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a New Business Development with a Bachelor's Degree is between $314,522 and $346,399).

New Business Development Salaries by Degree Level

Typical Education for New Business Development
Degree Level % of user with this level of education
No Diploma 0.5%
High School 2.3%
Associates 2.6%
Bachelors 33.1%
Masters 53.3%
Doctorate 8.2%
view as graph

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

Understanding how a New 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 April 01, 2026

Salary Trends for New Business Development

Salaries for a New Business Development can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $289,849 in 2023 to around $282,747 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of New Business Development salary trends, .

Average Annual Salary of New Business Development Over Time

2022
$???
2023
$289,849
2024
$287,793
2025
$282,747
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $289,849
2024 $287,793
2025 $282,747
2026
View More
2027
View More

Most common benefits for New Business Development

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
For Employers

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning

Common company salaries for New Business Development

Here are companies hiring for New Business Development and their salaries, click below for more details.

Find Your Next New Business Development Job

Ready to take the next step in your career? Browse thousands of current New Business Development job openings on our job board. Use the search bar below to find your perfect match.

United States
For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst