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As of August 01, 2026, the average salary for a New Business Development in Michigan is $421,793 per year, which breaks down to an hourly rate of $203.
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 | $462,939 | $38,578 | $8,903 | $223 |
| Average | $421,793 | $35,149 | $8,111 | $203 |
| 25th Percentile | $392,909 | $32,742 | $7,556 | $189 |
AMBER HOME HEALTH CARE - Southfield, MI
Presque Isle Electric & Gas Co-Op - Onaway, MI
Sysco - Sheldon, MI
Evergreen Agency Talent - Lansing, MI
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 | $171,323 |
| Business ... Level New Business Development | $207,460 |
| Vice Pres... Level New Business Development | $266,758 |
| SVP of Bu... Level New Business Development | $316,003 |
| New Busin... Level New Business Development | $423,799 |
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 | $506,151 | $243.0 | 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 | $462,939 | $38,578 | $8,903 | $223 |
| Average | $421,793 | $35,149 | $8,111 | $203 |
| 25th Percentile | $392,909 | $32,742 | $7,556 | $189 |
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.
Sysco
Canton, MI
Sysco | Canton, MI
Position Purpose: This position will lead a team of Local New Business Developers for a specific region Responsible for driving profitable new customer gro... more
6 Days Ago
Sysco
Grand Rapids, MI
Sysco | Grand Rapids, MI
Position Purpose: This position will lead a team of Local New Business Developers for a specific region Responsible for driving profitable new customer gro... more
6 Days Ago
Jordan Mitchell - Farmers Insurance Agency
Detroit, MI
Jordan Mitchell - Farmers Insurance Agency | Detroit, MI
Job Description. Job Description. Benefits. Bonus based on performance. Opportunity for advancement. Paid time off. Training & development. Are you a motiv... more
7 Days Ago
Auto-Chlor System of the Mid-South, LLC
Byron Center, MI
Auto-Chlor System of the Mid-South, LLC | Byron Center, MI
Job Description. Job Description. Earn Big with Independence and Flexibility in the Grand Rapids area. Auto-Chlor System is seeking a motivated, results-dr... more
7 Days Ago
Auto-Chlor System of the Mid-South, LLC
Grand Rapids, MI
Auto-Chlor System of the Mid-South, LLC | Grand Rapids, MI
Job Description. Job Description. Earn Big with Independence and Flexibility in the Grand Rapids area. Auto-Chlor System is seeking a motivated, results-dr... more
7 Days Ago
Confidential
Detroit, MI
Confidential | Detroit, MI
Vice President of Business Development. About the Company. Industry-shaping provider of secure digital asset management solutions. Industry. Financial Serv... more
6 Days Ago
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