What Is the Average IT Business Development Manager Salary?

As the tech industry continues to grow rapidly, the role of an IT business development manager has become increasingly important. This professional is responsible for identifying new business opportunities, building relationships with clients, and ensuring that the company’s technology-related solutions meet the needs of the market. But just how much can you expect to earn as an IT business development manager? Let’s take a closer look.

What does an IT Business Development Manager do?

Before we dive into salary figures, it’s important to have a solid understanding of what an IT business development manager does. In short, this professional is responsible for creating and implementing strategies that will generate new business for the company. This typically involves a mix of research, networking, and negotiation skills, along with a deep understanding of the technology industry and the company’s offerings.

Salary figures for an IT Business Development Manager

According to Glassdoor, the average base salary for an IT business development manager in the United States is $98,797 per year. However, this can range quite a bit depending on a number of factors such as location, industry, and years of experience. For example, IT business development managers in cities like San Francisco and New York typically earn higher salaries than those in smaller cities or rural areas. Similarly, those working in the software or healthcare industries often earn more than those in other fields.

Factors that affect an IT Business Development Manager’s Salary

In addition to location and industry, there are a number of other factors that can impact an IT business development manager’s salary. These include:

– Years of experience: As with most professions, IT business development managers with more years of experience typically earn higher salaries.

– Education level: While not always required, having a higher level of education such as a Master’s degree in Business or a related field can lead to higher pay.

– Company size: Larger companies often have more resources to devote to business development, which can result in higher salaries for managers in those roles.

Conclusion

Overall, the average salary for an IT business development manager is quite competitive, with plenty of room for growth and advancement. Whether you are just starting out in your career or are considering a transition into this field, taking these factors into account can help you negotiate a fair salary and build a successful career in this exciting and fast-paced industry.