In today’s competitive job market, it’s important to know how much you can expect to make in your field. For those interested in sales and business development, the role of a Business Development Associate (BDA) can be a great opportunity. But, what is the average salary for this position?
On average, a Business Development Associate in the United States earns a salary of $54,292 per year, according to Payscale.com. This figure can vary depending on various factors such as experience, location, and industry.
Experience plays a significant role in determining a BDA’s salary. An entry-level associate with little experience can earn an average of $47,000 annually. However, with more than five years of experience, the salary can rise to an average of $66,000.
Location also has a significant impact. BDAs working in metropolitan areas tend to earn more than those in rural areas. In California, for example, the average salary for a BDA is $70,000, while in Texas, it is $51,000.
When it comes to industry, the salary can vary widely. BDAs working in the healthcare industry can expect to earn an average of $62,000. Meanwhile, those working in the software industry can earn an average of $59,000, and those in the finance industry can earn an average of $57,000.
In addition to salary, a BDA may also receive other benefits such as bonuses and commissions. This can further increase their overall earning potential. BDAs can earn an average of $9,000 per year in bonus payments and an average of $11,000 in commissions.
In conclusion, the average Business Development Associate salary is around $54,292 per year. However, this figure can vary depending on factors such as experience, location, and industry. BDAs can also earn additional income through bonuses and commissions. If you’re considering a career in business development, it’s important to research the salary range for your specific industry and work location to ensure you’re being offered a fair and competitive wage.
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