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 Business Development Officer in Illinois is $137,491 per year, which breaks down to an hourly rate of $66.
However, a Business Development Officer'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
Recruit with AI
Business Development Officer Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $151,636 | $12,636 | $2,916 | $73 |
| Average | $137,491 | $11,458 | $2,644 | $66 |
| 25th Percentile | $126,951 | $10,579 | $2,441 | $61 |
Cumberland Trust & Investment Co. - Chicago, IL
ITASCA BANK & TRUST Company - Itasca, IL
Acra Lending - Chicago, IL
MRINetwork Jobs - Chicago, IL
A Business Development Officer'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 Business Development Officer'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 Business Development Officer | $172,266 |
| Business ... Level Business Development Officer | $118,153 |
| Business ... Level Business Development Officer | $136,452 |
| Business ... Level Business Development Officer | $179,489 |
| Business ... Level Business Development Officer | $217,348 |
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 Business Development Officers. 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 Business Development Officer roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Aerospace & Defense sectors offer the strongest compensation, at 50% above the average. In contrast, Business Development Officer positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Business Development Officer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $206,237 | $99.0 | 50% |
| Aerospace & Defense | $178,739 | $86.0 | 30% |
Understanding how a Business Development Officer'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 | $151,636 | $12,636 | $2,916 | $73 |
| Average | $137,491 | $11,458 | $2,644 | $66 |
| 25th Percentile | $126,951 | $10,579 | $2,441 | $61 |
Ready to take the next step in your career? Browse thousands of current Business Development Officer job openings on our job board. Use the search bar below to find your perfect match.
Confidential
Chicago, IL
Confidential | Chicago, IL
Chief Business Development Officer (CBDO). About the Company. Impact-investing platform that generates economic opportunities. Industry. International Trad... more
10 Days Ago
Loberg Construction
Chicago, IL
Loberg Construction | Chicago, IL
Job Description. Job Description. Please only apply if you have 5+ years of successful sales experience working for a Commercial General Contractor. POSITI... more
9 Days Ago
Hibu
Freeport, IL
Hibu | Freeport, 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
9 Days Ago
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
9 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
11 Days Ago
System One Holdings, LLC
Chicago, IL
System One Holdings, LLC | Chicago, IL
Sales Representative - Business Development / Business Consultant. Sell Clover, an industry-leading cloud-based point-of-sale (POS) platform used by more t... more
12 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:
