As of May 18, 2021, the average salary for a Business Development Director in New Mexico is $194,210 per year, which breaks down to an hourly rate of $93.
However, a Business Development Director's salary can vary significantly. Here’s a look at the typical salary range:
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Business Development Director Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $209,217 | $17,435 | $4,023 | $101 |
| Average | $194,210 | $16,184 | $3,735 | $93 |
| 25th Percentile | $176,017 | $14,668 | $3,385 | $85 |
ENSCO, Inc. - Albuquerque, NM
ENSCO, Inc. - Albuquerque, NM
ClearSky Health - Albuquerque, NM
Circle Logistics, Inc - , NM
A Business Development Director's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Business Development Director's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Business Development Manager | 5+ years | $122,075 |
| Business Development Manager, Sr. | 5+ years | $160,510 |
| Business Development Director | 5+ years | $194,210 |
| Vice President of Business Development | 5+ years | $249,628 |
| SVP of Business Development | 5+ years | $295,470 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Business Development Directors. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Business Development Director's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $209,217 | $17,435 | $4,023 | $101 |
| Average | $194,210 | $16,184 | $3,735 | $93 |
| 25th Percentile | $176,017 | $14,668 | $3,385 | $85 |
For a Business Development Director, the most direct path to higher earnings is advancing to the Vice President of Business Development role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $249,628 - a projected growth of 29% over your current level.
Ready to take the next step in your career? Browse thousands of current Business Development Director job openings on our job board. Use the search bar below to find your perfect match.
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