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As of August 01, 2026, the average salary for a New Business Development in Illinois is $436,569 per year, which breaks down to an hourly rate of $210.
However, a New Business Development's salary can vary significantly. Here’s a look at the typical salary range:
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New Business Development Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $479,157 | $39,930 | $9,215 | $230 |
| Average | $436,569 | $36,381 | $8,396 | $210 |
| 25th Percentile | $406,673 | $33,889 | $7,821 | $196 |
SingleFile - Chicago, IL
Actus Consulting Group - Palatine, IL
Loberg Construction - Chicago, IL
Hibu - Freeport, IL
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 and company size can directly affect your earning potential.
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:
| Levels | Salary |
|---|---|
| Business ... Level New Business Development | $177,325 |
| Business ... Level New Business Development | $214,727 |
| Vice Pres... Level New Business Development | $276,103 |
| SVP of Bu... Level New Business Development | $327,073 |
| New Busin... Level New Business Development | $438,645 |
What Am I Worth?
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 New Business Developments. For example, consider the average annual salaries in these key locations:
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:
For New 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 Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, New Business Development positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view New Business Development as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $523,883 | $252.0 | 20% |
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $479,157 | $39,930 | $9,215 | $230 |
| Average | $436,569 | $36,381 | $8,396 | $210 |
| 25th Percentile | $406,673 | $33,889 | $7,821 | $196 |
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.
Hibu
Morrison, IL
Hibu | Morrison, IL
Business Development Representative. Launch or elevate your sales career with a high-growth digital marketing leader. Whether you're just starting out or y... more
7 Days Ago
Orbus Inc
Woodridge, IL
Orbus Inc | Woodridge, IL
Job Description. Job Description. Orbus Visual Communication Group is a powerhouse in the exhibit and display industry - a top‑performing manufacturer know... more
9 Days Ago
System One Holdings, LLC
Chicago, IL
System One Holdings, LLC | Chicago, IL
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10 Days Ago
Doctor Referral Institute
Schaumburg, IL
Doctor Referral Institute | Schaumburg, IL
Job Description. Job Description. Company Description. Doctor Referral Institute serves specialty practices in the medical and dental field around the coun... more
6 Days Ago
G2 USA
Chicago, IL
G2 USA | Chicago, IL
G2 Summer Internship ProgramG2 is the world's largest and most trusted software marketplace. When you join G2, you're joining the industry's leading team t... more
8 Days Ago
Translink Shipping
Schaumburg, IL
Translink Shipping | Schaumburg, IL
Job Description. Job Description. Translink Shipping, Inc. a leading NVOCC is expanding its sales force in all of its branches. We are invested in finding ... more
10 Days Ago
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