Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a New Business Development in Minnesota is $438,282 per year, which breaks down to an hourly rate of $211.
However, a New Business Development's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
Smart Recruiting
AI-Powered HR
New Business Development Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $481,037 | $40,086 | $9,251 | $231 |
| Average | $438,282 | $36,524 | $8,429 | $211 |
| 25th Percentile | $408,269 | $34,022 | $7,851 | $196 |
Metro Sales Inc. - Burnsville, MN
Dalsin Industries Inc - Minneapolis, MN
Legacy Restoration LLC - Rochester, MN
Performix Business Services - Minneapolis, MN
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 | $178,020 |
| Business ... Level New Business Development | $215,570 |
| Vice Pres... Level New Business Development | $277,187 |
| SVP of Bu... Level New Business Development | $328,357 |
| New Busin... Level New Business Development | $440,367 |
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 | $525,939 | $253.0 | 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 | $481,037 | $40,086 | $9,251 | $231 |
| Average | $438,282 | $36,524 | $8,429 | $211 |
| 25th Percentile | $408,269 | $34,022 | $7,851 | $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.
NCW
Minneapolis, MN
NCW | Minneapolis, MN
Job Description. Job Description. Multi-Family Roofing Business Development Representative. Salary Range. $90k-$110k + Bonuses. Location. Twin Cities, MN (... more
7 Days Ago
Röhlig Logistics
Mendota, MN
Röhlig Logistics | Mendota, MN
Shaping the Future of Logistics- Your Career Starts at Röhlig. Whether it’s sea freight, air freight, or contract logistics, at Röhlig Logistics you’ll hel... more
8 Days Ago
NRG Financial LLC
Saint Cloud, MN
NRG Financial LLC | Saint Cloud, MN
Job Overview:We are seeking a dynamic and results-oriented Business Development Representative (BDR) to join our growing team.The ideal candidate will play... more
8 Days Ago
ChromebookParts.com
Saint Paul, MN
ChromebookParts.com | Saint Paul, MN
About ChromebookParts.com ChromebookParts.com is a leading provider of device lifecycle solutions for K-12 schools, higher education institutions, and IT d... more
8 Days Ago
PrideStaff
Saint Paul, MN
PrideStaff | Saint Paul, MN
Marketing And Business Development SpecialistThe Marketing and Business Development Specialist plays a critical role in advancing our growth strategy by ex... more
8 Days Ago
Service Restoration Inc
Rochester, MN
Service Restoration Inc | Rochester, MN
Business Development Specialist. Service Restoration, Inc. is a leading property restoration company committed to providing top-notch restoration services ... more
8 Days Ago
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.
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.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
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.
Salary.com's CompAnalyst platform offers:
