New Business Development Salary in Sioux Falls, SD

How much does a New Business Development make in Sioux Falls, SD?

As of August 01, 2026, the average salary for a New Business Development in Sioux Falls, SD is $390,313 per year, which breaks down to an hourly rate of $188.

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

  • Top Earners (90th percentile): $463,053
  • Majority Range (25th-75th percentile): $363,584 to $428,388
  • Entry-Level (10th percentile): $339,249
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View as table View as graph 25% $363,584 10% $339,249 90% $463,053 75% $428,388 $390,313 50%(Median) Didn’t find job title? Click

New Business Development Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $428,388 $35,699 $8,238 $206
Average $390,313 $32,526 $7,506 $188
25th Percentile $363,584 $30,299 $6,992 $175
Check out New Business Development Job Openings in Sioux Falls, SD
Business Development Representative

Luxury Auto Mall of Sioux Falls Inc - Sioux Falls, SD

Business Development Representative

Luxury Auto Mall of Sioux Falls - Sioux Falls, SD

Sales Business Development Manager

Empire Building Construction - Sioux Falls, SD

Business Development Partner

Infinity Business Group - Sioux Falls, SD

Search More New Business Development Jobs in Sioux Falls, SD

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, skills 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): $158,536
  • Early Career (1-2 years): $191,976
  • Mid-Level (2-4 years): $246,849
  • Senior-Level (5-8 years): $292,418
  • Expert (over 8 years): $392,169
Levels Salary
Business ... Level New Business Development$158,536
Business ... Level New Business Development$191,976
Vice Pres... Level New Business Development$246,849
SVP of Bu... Level New Business Development$292,418
New Busin... Level New Business Development$392,169
$158,536 0 yr
$191,976 < 2 yrs
$246,849 2-4 yrs
$292,418 5-8 yrs
$392,169 > 8 yrs
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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: $540,219
  • San Francisco: $534,304
  • Oakland: $523,044

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
$456,666
17%
Brand Management
$452,763
16%
Innovation
$429,344
10%
Insight
$429,344
10%
Strategic Planning
$425,441
9%
Leadership
$421,538
8%
Get Latest Data

New Business Development Salary by Industry: Top Paying Sectors

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.

The top paying industry for a New Business Development

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Aerospace & Defense$468,375$225.020%

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 August 01, 2026

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
  • Turnwell Mental Health Network, Inc.

    Sioux Falls, SD

    Turnwell Mental Health Network, Inc. | Sioux Falls, SD

    Business Development Representative (BDR). Turnwell Mental Health Network is committed to maintaining a company for mental health that expands access to co... more

    9 Days Ago

  • SONIFI

    Sioux Falls, SD

    SONIFI | Sioux Falls, SD

    Sales Development Representative. At SONIFI Solutions, we're passionate about creating exceptional guest experiences through innovative in-room entertainme... more

    11 Days Ago

  • Verdesian Life Sciences

    Sioux Falls, SD

    Verdesian Life Sciences | Sioux Falls, SD

    Business Development Agronomist Key Accounts. Location: Midwest (Sioux Falls, SD. Des Moines, IA. MinneapolisSt. Paul, MN. or Omaha, NE). We're seeking an ... more

    9 Days Ago

  • Solid Rock Recruiting LLC

    Sioux Falls, SD

    Solid Rock Recruiting LLC | Sioux Falls, SD

    Job Description. Job Description. Senior Business Development Manager (Hybrid | Relationship-Focused). The Opportunity. We’re looking for a Business Develo... more

    7 Days Ago

  • TAK Broadband

    Sioux Falls, SD

    TAK Broadband | Sioux Falls, SD

    Job Description. Job Description. Description. TAK Broadband, LLC seeks a. Vice President, Business Development, Construction & Engineering Services. in ou... more

    10 Days Ago

  • Butler Machinery Company

    Sioux Falls, SD

    Butler Machinery Company | Sioux Falls, SD

    Job Description. Job Description. Do you want to work independently but still be part of a great team. Do you love working outdoors around heavy equipment.... more

    11 Days Ago

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