How much can you earn as an IT business development manager? A salary breakdown
Are you interested in pursuing a career in IT business development? If you are, you may be wondering how much you can earn as an IT business development manager. In this blog post, we will provide you with a salary breakdown for this profession.
What is an IT business development manager?
An IT business development manager is responsible for identifying and pursuing new business opportunities in the technology industry. This role requires a mix of technical knowledge and business acumen. IT business development managers must be able to understand the needs of potential clients and develop strategies to meet those needs.
What is the average salary for an IT business development manager?
According to Glassdoor, the average salary for an IT business development manager in the United States is $99,000 per year. However, salaries for this position range from $63,000 to $149,000 per year, depending on factors such as location, level of experience, and industry.
Location
As with many professions, location plays a significant role in determining an IT business development manager’s salary. For example, the average salary for this position in New York City is $122,000 per year, while the average salary in Des Moines, Iowa is $78,000 per year. Factors such as the cost of living and the demand for skilled professionals in a particular area can impact salary ranges.
Experience
Experience is a significant factor in determining an IT business development manager’s salary. Those who are just starting may earn a salary on the lower end of the range, while those with several years of experience may command a higher salary. According to PayScale, those with 1-4 years of experience earn an average salary of $69,000 per year, while those with 5-9 years of experience earn $101,000 per year on average.
Industry
The industry in which an IT business development manager works also plays a role in determining their salary. According to Glassdoor, those working in the software industry tend to earn higher salaries, with an average of $115,000 per year. Those in the IT services industry, on the other hand, earn an average of $98,000 per year.
Conclusion
In summary, IT business development managers can earn a respectable salary that ranges from $63,000 to $149,000 per year, depending on various factors such as location, experience, and industry. Those who are just starting in this role may earn a lower salary, while those with years of experience in the industry may command a higher salary. When considering a career in IT business development, it’s important to consider these factors when determining your expected salary range.
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