Every company is always looking for ways to reduce costs and improve efficiency. One of the best ways is to hire a director of business development. Here are some facts about the average salary for a Director of Business Development.

Introduction Salary for Director of Business Development

The Director of Business Development manages the relationships between companies and other organizations. This position is highly influential in business development, sales growth, and marketing campaigns. It also introduces new products to the market. This role has a varied average salary, depending on where you live and your experience.

According to the US Bureau of Labor Statistics, there were approximately 1590 Directors of Business Development in 2016. Like all industry-specific positions, your location and years of experience will impact the salary you receive. BLS data from 2013 also showed that the median salary for a Director of Business Development was $91,840.

This may seem high considering the average salary for a Director of Business Development at $100K.

It is important to note that salaries can differ in different areas and industries. The BLS has also found that Directors of Business Development are most highly paid within Software – Administrative Services / Computer Systems Design ($134K), Legal Services (Senior Executive VP/Manager) ($112K), Telecommunications & Networking Technologies ($108K), Scientific Research & Development (“R&D”)($106k), Aerospace/Defense Industries (“Aerospace/Defense”)($105K), and Education & Health Services ($104 K).

Here are some facts about the average salary for a Director of Business Development. It is important to know what your potential income is at each stage of your career – regardless of whether it is based on location or experience. If you have less than two years of work experience, the role will pay you $100K. However, if you have more than five years of experience, it pays well.

What’s the pay-by-experience level for business development directors?

According to the BLS, the average salary for a Director of Business Development was $80K per annum for individuals with 1-4 years of experience. The average director with five years or more experience in the role saw their salary rise to just over $100K annually.

Below is a table showing how much an entry-level candidate could expect to make if they had different educational backgrounds and work histories.

There is a wide range of pay for Directors of Business Development. The average salary range of $80K to $100K is very high. Most salary figures show that those with five years or more of experience are the most highly paid.

What does an average director of business development make?

The table below shows the average annual salary of Directors of Business Development. It is $120K.

Lower wage levels indicate that candidates with less than 2 years of work experience earned an average salary between $80K to $90K. This pay grade was also common for candidates with 1-4 years of experience. For entry-level positions, salaries ranged from $100k to nearly $200k for those with more industry-relevant expertise to the highest pay grades.

What do Business Development Directors Do?

The BLS can show you what the most frequent duties of a Director for Business Development are:

• Management or coordination of projects (76%)
• Recruitment and selection of employees from outside the company (19%)

Many Directors of Business Development also help to design strategies that increase market share. Other responsibilities include managing suppliers and customers, initiating communication, and making career decisions.

Higher-level candidates would also be expected to develop new markets by selling training programs. These figures may vary over time so they should not be considered the “norm”.

What is the typical job description for a director of business development?

Below is an example of the typical job description for a Director in Business Development. It is important to note that the duties of a Director of Business Development can vary depending on the scope and size of the work performed by the individual.

• Coordinate, plan, and direct activities to implement plans. Assess the current business situation, formulate new strategies or alternative strategies, determine resources needed for implementation

• Identify opportunities: Determine what needs to be done to achieve objectives (e.g., goals); evaluate projects against criteria such as cost-effectiveness/return on investment (ROI)

• Set priorities: Determine the importance of activities and select, monitor, and assess performance against goals

• Motivate staff towards achieving results. Develop individual skills/competencies to help individuals be more productive at work (e.g. skill development).

• Track progress towards goals: Assess the current business situation about the desired levels or criteria for achievement. Determine if the resources available are sufficient for achieving these targets within the given timeframes

• Manage relationships with external parties: For example, identify partners, suppliers, clients, etc. Establish procedures to deal with them when needed

Director of Education for Business Development

It is not mandatory to have a Master’s degree or Ph.D. to be a Director in Business Development. This requirement varies from one company to the next and can change over time. While some companies will only accept postgraduates, others will only take graduates up to the Master’s level.

Your personal preferences, career goals, and other factors will determine the right choice. It is highly recommended that you seek out information surrounding the requirements at your prospective company before applying so they can be assessed properly against your abilities/qualifications – although it should be noted this may not necessarily be relevant to all positions across the board.

Base Salary & Total Compensation

In the United States, the average salary for a Business Director is $120,000 annually. The amount you receive will depend on many factors, including the company’s size/revenue and business sector, location (e.g. tax rates), and cost structure of employer and employee benefits packages.

The total cash compensation includes all types of additional pay such as commission-based and bonus payments. However, you should know that this might only apply to certain positions.

However, the final figure can vary depending on many factors, including but not limited to: how much you earn per sale; your weekly work hours versus other sales employees; geographic location (e.g. tax rates); employer cost structure, etc.; employee benefits packages, etc.

What tax will you be responsible for as a Director in Business Development?

Your salary as Director of Business Development will be subject to tax depending on where the company is located and whether they operate within an EU member country.

You may be subject to higher taxation if you are not within the European Union. However, these countries include Switzerland, Norway, and Liechtenstein. All three offer attractive tax rates for international businesses doing business in Switzerland. This applies only to certain positions.

Employers may charge different amounts to their employees depending on how much tax they have to pay.

However, if your residence is in an EU member country, your employer must deduct taxes from your salary. This can be broken down into income tax, social security contributions (i.e. unemployment benefit), value-added tax, and so on. All mandatory deductions, such as retirement benefits or statutory sick leave payments, are also included. (source: business dictionary)

These amounts can vary depending on many factors, including whether they are operating there under their name or through a holding company structure; whether or not they are EU members resident or non-resident, and their role in the business.

Directors’ employers are required to deduct income taxes from your earnings for any period that you weren’t engaged in activities that fall under that activity group. (source: Swedish taxation). These amounts can vary depending on many factors, including employer type, location, and other factors if it is operated under its own name/holding company, etc.

Directors working as Managers or Sales Representatives. Swedish tax can apply to their earnings while they are engaged in these activities. Source: business dictionary. These amounts may vary depending on many factors, including whether the holding entity is operated under its name/holding entity, whether it is part of an international organization or a resident company of an EU member country and whether or not you are self-employed.

Additionally, directors have specific responsibilities regarding shareholder accounting and corporate taxes. Directors of Swedish companies must also be aware of these responsibilities and the applicable taxes.