Business Development Specialist

October 30, 2016

Business Development Specialist Job Description

Marketing Managers Determine the demand for products and services offered by a firm and its competitors and identify potential customers. Develop pricing strategies with the goal of maximizing the firm’s profits or share of the market while ensuring the firm’s customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.

Business Development Specialist Salary Statistics as of 2015

Average annual salary for a Business Development Specialist is $49928 based on statistics in the U.S. as of 2015. The highest salary recorded was $87405. The lowest salary reported was $33455. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Business Development Specialist is $17.865 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $23.72. The lowest hourly rate recorded was $12.01. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Business Development Specialist are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $5896 from people with 15+ years of experience. The average bonus recorded was $509 from people with under 1 year of experience.

These are the highest paying states for a Business Development Specialist. These numbers are based off the median annual salary as of 2015.
California – $36,939 – $111,504
Florida – $24,730 – $96,958
Illinois – $20,273 – $83,838
Massachusetts – $40,976 – $70,791
New York – $36,939 – $81,703
Ohio – $28,964 – $71,446
Texas – $41,128 – $86,577

These are the highest paying cities for a Business Development Specialist. These numbers are based off the median annual salary as of 2015.
Houston, Texas –
Chicago, Illinois –
Boston, Massachusetts –
Washington, District of Columbia –
Pittsburgh, Pennsylvania –
New York, New York –
Columbus, Ohio –

This chart outlines the average annual salary of a Business Development Specialist from the past 5 years. In 2015 the average annual salary was $49928 while in 2007 it was just $46302.35

Job Outlook

Gender Statistics

Related Jobs

50%

Based on our stats gathered across the U.S. 50% of Business Development Specialists were males while 50% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Marketing Coordinator
$27,870 – $52,084

Future Jobs

Business Development Manager
$41,637 – $130,656