Business Development Operations Manager Salary: What You Need to Know
If you’re exploring a career in business development (BD), you might be curious about the earning potential of a Business Development Operations Manager (BDOM). Let’s dive into what you should know about this role’s salary.
Defining Business Development Operations Manager
BDOMs are responsible for creating, implementing, and executing BD strategies to achieve company growth. They identify potential partners, negotiate contracts, and build relationships with key decision-makers.
A BDOM’s Key Responsibilities
Depending on the company, the responsibilities of a BDOM may vary. However, their primary duties include:
– Researching market trends and identifying new business opportunities
– Building and maintaining relationships with prospective clients
– Crafting sales pitches and presentations
– Strategizing and developing proposals for new projects and contracts
– Negotiating agreements and contracts
– Analyzing and reporting on sales metrics and financial performance
Business Development Operations Manager Salary
According to Glassdoor, the national average base salary for a BDOM in the United States is $95,773 per year, with a salary range of $54,000 to $142,000. This wage range varies depending on the location, industry, company size, and level of seniority.
Salary by Industry
The industry where BDOMs work significantly impacts their salaries. For example, a BDOM in the Technology industry earns an average of $117,500 per year, while a BDOM in the Retail industry makes an average of $87,947 per year.
Salary by Location
Salary also varies based on location. Some cities in the US pay higher BDOM salaries than others. According to Glassdoor, San Francisco, CA, is the city that pays the highest average salary of $125,590 per year, followed by New York, NY, at $118,651 per year.
Salary by Level of Seniority
The salary of a BDOM also depends on their seniority level. A BDOM with less than five years of experience earns an average of $80,000 per year, while those with ten years or more of experience earn an average of $122,000 per year.
Bottom Line
The salary of a Business Development Operations Manager is lucrative, and it varies significantly based on location, industry, and level of seniority. However, it’s essential to note that a BDOM’s salary might differ based on the company’s budget, compensation philosophy, and negotiation skills.
If you’re interested in a career as a BDOM, research the market and the industry standards to negotiate the best salary possible. This role offers an opportunity to earn a competitive salary while driving business growth and expansion.
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