Manager Average Salary
What is the Annual Average Wage of a Business Development Manager in the US?
The average salary for a business development manager in the United States is roughly 147,000 USD annually. The lowest salary is 67,500 USD, and the highest is 233,000 USD (highest).
It is the typical annual pay after housing, transportation, and other amenities. Depending on factors including region, gender, experience, and talents, Business Development Manager wages can vary greatly. You can find a thorough analysis based on a variety of factors below.
Salary Distribution for Business Development Managers in the United States the average, the range, the maximum, and the minimum
The minimum wage for a business development manager in the United States is 67,500 USD annually, and the maximum income is 233,000 USD per year (top salary).
The median annual pay for Business Development Managers is 159,000 USD, which implies that 50% of those employed in this field make less than this amount, and the remaining 50% make more. The median represents the median wage value. In general, you would want to be in the group earning more than the median pay on the right side of the graph.
The 25th and the 75th percentiles are two numbers closely related to the median. 25% of businesses, according to the wage distribution diagram, Development Managers make less than $102,000 annually, while 75% earn more than that. Additionally, the chart shows that 25% of Business Development Managers make more than 212,000 USD while 75% make less than 212,000 USD. Salary Comparison for Business Development Managers by Years of Experience
What impact do Age and Experience have on your Pay?
The level of experience has the most significant impact on compensation. Naturally, your salary will increase as you get more experience. We discovered this after dividing the Business Development Manager’s pay by level of expertise.
A Business Development Manager with under two years of experience may expect to make around 76,700 USD annually. A person with between two and five years of knowledge is predicted to make 102,000 USD annually, which is 34% more than someone with less than two years of experience.
Moving forward, Somebody with five to ten years of knowledge earns 151,000 USD annually, which is 48% more than someone with two to five years of experience.
Additionally, Business Development Managers with ten to fifteen years of experience earn 184,000 USD annually, 22% more than those with only five to ten years of experience.
The predicted salary for someone with between fifteen and twenty years of experience is 201,000 USD annually, which is 9% greater than the salary for someone with ten and fifteen years of practice.
Finally, employees with over twenty years of skill earn 218,000 USD annually, which is 8% higher than those with fifteen to twenty years of experience.
Business development jobs are presented in most industries. They include specialists, associates, coordinators, sales and executive positions, advisors, and various seniority levels (President, VP, etc.) based on the company’s size. There are also consultant positions if you prefer to be an independent contractor.
Also read: How to Franchising a Business
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