Business Development Manager Salary

Business development managers (BDMs) are responsible for identifying and developing new business opportunities for their organizations. They work with a variety of stakeholders, including customers, partners, and internal teams, to create and execute strategies that grow revenue and market share.

The salary range for BDMs varies on a number of factors, including experience, industry, location, and company size. According to, the average BDM salary in the United States is $133,816 per year. The range typically falls between $116,008 and $153,752.

Here are some of the factors that can affect a BDM’s salary:

  • Experience: BDMs with more experience typically earn higher salaries.
  • Industry: BDMs in some industries, such as technology and healthcare, earn higher salaries than those in other industries.
  • Location: BDMs who work in high-cost cities, such as New York and San Francisco, typically earn higher salaries than those who work in lower-cost cities.
  • Company size: BDMs who work for larger companies typically earn higher salaries than those who work for smaller companies.

In addition to their base salary, BDMs may also earn commissions or bonuses based on their performance. They may also be eligible for benefits such as health insurance, retirement savings plans, and paid time off.

Business development is a challenging and rewarding career path. BDMs who are successful in their roles can earn high salaries and make a significant impact on their organizations.

Here are some tips for increasing your chances of earning a high salary as a BDM:

  • Get the right education and training. A bachelor’s degree in business, marketing, or a related field is a good starting point for a career in business development. You may also want to consider earning a master’s degree in business administration (MBA).
  • Build your experience. Start by gaining experience in sales or marketing. Once you have some experience, you can then transition into a business development role.
  • Network with professionals in your field. Attend industry events, connect with people on LinkedIn, and get involved in professional organizations. Networking can help you learn about new opportunities and make connections that can lead to higher-paying jobs.
  • Develop your skills. Stay up-to-date on the latest trends in business development. Take courses, read books, and attend workshops to improve your skills.
  • Be results-oriented. BDMs are typically paid based on their performance. Make sure you are setting and achieving goals that will help you earn a higher salary.

If you are looking for a challenging and rewarding career with the potential to earn a high salary, then business development may be the right field for you.