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 Market Development Specialist in Illinois is $57,068 per year, which breaks down to an hourly rate of $27.
However, a Market Development Specialist'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
Recruit with AI
AI Onboarding
Market Development Specialist Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $63,305 | $5,275 | $1,217 | $30 |
| Average | $57,068 | $4,756 | $1,097 | $27 |
| 25th Percentile | $50,825 | $4,235 | $977 | $24 |
Inspira and Enthuse - Chicago, IL
Bond Consultants Group - Arlington Heights, IL
Thermo Fisher Scientific - Rockford, IL
Sazerac Company - Belleville, IL
A Market Development Specialist'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 Market Development Specialist'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 |
|---|---|
| Market De... Level Market Development Specialist | $56,610 |
| Marketing... Level Market Development Specialist | $70,842 |
| Marketing... Level Market Development Specialist | $85,059 |
| Marketing... Level Market Development Specialist | $110,695 |
| Marketing... Level Market Development Specialist | $148,306 |
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 Market Development Specialists. 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 Market Development Specialist roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 10% above the average. In contrast, Market Development Specialist positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view Market Development Specialist as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $62,775 | $30.0 | 10% |
Understanding how a Market Development Specialist'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 | $63,305 | $5,275 | $1,217 | $30 |
| Average | $57,068 | $4,756 | $1,097 | $27 |
| 25th Percentile | $50,825 | $4,235 | $977 | $24 |
Ready to take the next step in your career? Browse thousands of current Market Development Specialist job openings on our job board. Use the search bar below to find your perfect match.
Insight Enterprises
Chicago, IL
Insight Enterprises | Chicago, IL
Market Development Executive. The role will be a remote position located in Illinois. Sada an Insight Company, we're a people-first Fortune 500 Solutions I... more
9 Days Ago
Thermo Fisher Scientific
Rockford, IL
Thermo Fisher Scientific | Rockford, IL
This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. P... more
5 Days Ago
Sazerac Company
Chicago, IL
Sazerac Company | Chicago, IL
Market Development Representative. As a Market Development Representative, you will be a key partner to vibrant on-premise and bustling off-premise locatio... more
8 Days Ago
Sazerac Company
Chicago, IL
Sazerac Company | Chicago, IL
Sazerac Company Overview. Build your career at Sazerac. With almost 400 years of rich history, Sazerac Company has thrived as an independent, American fami... more
9 Days Ago
Thermo Fisher Scientific
Rockford, IL
Thermo Fisher Scientific | Rockford, IL
This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. P... more
9 Days Ago
Premium Retail Services
Villa Park, IL
Premium Retail Services | Villa Park, IL
Retail Market Specialist. As a Market Specialist at Acosta, you'll ensure products from one of the world's largest CPG companies stand out at assigned Groc... more
5 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:
