How Much Do Business Development Executives Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary business development executives make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for business development executives and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of business development executives are offering as compensation.
Keep reading to learn more about how much business development executives can expect to make in the United States.
At a Glance: Salary & Jobs for Business Development Executives
According to data from 2023, there were about 585,637 positions for business development executives in the United States. In terms of salary, the national median salary for business development executives was reported to be $135,158. Additionally, when examining job demand, employers across the country posted 306,895 job postings related to positions for business development executives.
How Much Money Do Business Development Executives Make?
Median salary is just one data point. To build a better understanding of how much money business development executives and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for business development executives.
Annual Salary for Business Development Executives
According to the BLS, the lowest earners for business development executives and related professions earned about $63,690 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $264,993 annually.
As mentioned previously, the median salary for business development executives in the United States in 2023 was $135,158.
Annual Salary Range For Business Development Executives In 2023
Hourly Salary for Business Development Executives
The BLS also breaks down compensation for business development executives by hourly salary, and the median average hourly pay for business development executives in 2023 was $65. Lowest hourly earners took home $31 while the highest reported hourly salaries for business development executives was $127.
Hourly Salary Range For Business Development Executives In 2023
Top Online College For Working Adults
Franklin University is a top choice for adults who need to balance school with busy lives. Founded in 1902 in Columbus, Ohio, Franklin's main focus has been serving adult students and tailoring education to fit their needs. Nonprofit and accredited by the Higher Learning Commission (hlcommission.org/800.621.7440), Franklin offers more than 50 affordable bachelor's, master's, and doctoral programs — all available 100% online.
Degree Options for Business Development Executives
Build a strong foundation of real-world business knowledge suitable for a variety of career options in your industry of choice.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
Expand your leadership capabilities to change the business of doing business.
- Years To Complete: 3
Enhance your ability to build and lead a high-performing sales team with Franklin’s 14-month online M.S. in Professional Sales Leadership.
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
Develop into a well-rounded, adaptive and strategic business leader with a comprehensive mindset.
- Placement Tests: GMAT/GRE not required for admission
Advertised Compensation for Business Development Executives
Data from the BLS is one way to dig into compensation for business development executives, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for business development executives.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Business Development Executives
Advertised Annual Salary
During a review of 329,485 job postings related to business development executives, advertised salary was included in 116,939 of them, which was 35%. Based on those postings, the median advertised salary for business development executives was $105,344 per year.
Hourly Salary from Job Postings for Business Development Executives
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for business development executives. Based on 38% of postings with advertised compensation, the median hourly salary for open positions for business development executives in the United States is about $51.
Salary Trend for Business Development Executives
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for business development executives. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for business development executives dating back to September 2020, advertised salaries for business development executives have increased 30%.
Advertised Wage Trend For Business Development Executives
What's the Job Growth for Business Development Executives?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for business development executives over the next 10 years.
According to the data obtained through Lightcast,™ there were 586,584 jobs for business development executives in the United States in 2023. By 2033, it is expected that about 50,470 jobs will be added. That's a 8.6% increase over the next 10-year period.
Employment Projections For Business Development Executives
Additional Links
Ready to dig deeper into career information about business development executives? Visit our other pages focused on salary and education for business development executives.
What do business development executives do?
Business Development Executives: How do you become one?
All Occupations
The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.