Business Development Managers Salary in Memphis, TN

Updated 2024 · Source: U.S. Bureau of Labor StatisticsUSD $

Median Salary

$89,000

Average Salary

$93,000

Salary Range

$53,000 - $116,000

Est. Employment*

4,800

*Employment figures are estimates based on national occupational data distributed across metro areas. Actual local numbers may vary.

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Salary Distribution

Top 10%
$116,000
75th Percentile
$105,000
Median
$89,000
25th Percentile
$69,000
Bottom 10%
$53,000

10th to 90th percentile range. Half of all business development managers earn between $69,000 and $105,000.

About Business Development Managers in Memphis

Business Development Managers connect customers with products and services that meet their needs. They use product knowledge, persuasion skills, and relationship-building to close deals and generate revenue for their organizations.

In Memphis, business development managers benefit from a lower cost of living that stretches their salary further. The area's major industries include Logistics & Shipping, Healthcare, Manufacturing.

Key Skills

Customer Relationship ManagementProduct KnowledgeNegotiationGoal SettingCRM SoftwareActive Listening

Education

High school diploma for retail; bachelor's degree for B2B and specialized sales

Retail sales positions typically require a high school diploma. Business-to-business sales, technical sales, and sales management roles often require a bachelor's degree. Professional sales certifications can boost career prospects.

Tips to Earn More as a Business Development Managers

1.Build strong negotiation and closing skills
2.Pursue sales certifications or training programs
3.Develop expertise in consultative or solution-based selling
4.Build and maintain a strong professional network
5.Track your sales metrics and continuously improve your process

Business Development Managers Salary in Other Cities

CityMedianRangevs Memphis
San Jose, CA$141,000$78,000 - $189,000+58%
San Francisco, CA$132,000$73,000 - $177,000+48%
Seattle, WA$129,000$71,000 - $173,000+45%
New York, NY$123,000$68,000 - $165,000+38%
Washington DC, DC$121,000$67,000 - $162,000+36%
Boston, MA$119,000$65,000 - $159,000+34%
Los Angeles, CA$114,000$63,000 - $152,000+28%
San Diego, CA$112,000$62,000 - $150,000+26%
Denver, CO$111,000$61,000 - $148,000+25%
Honolulu, HI$111,000$61,000 - $148,000+25%
Philadelphia, PA$109,000$60,000 - $146,000+22%
Austin, TX$108,000$59,000 - $144,000+21%
Portland, OR$107,000$59,000 - $143,000+20%
Minneapolis, MN$106,000$58,000 - $142,000+19%
Sacramento, CA$106,000$58,000 - $142,000+19%
Hartford, CT$106,000$58,000 - $142,000+19%
Anchorage, AK$106,000$58,000 - $142,000+19%
Baltimore, MD$105,000$58,000 - $140,000+18%
Dallas, TX$104,000$57,000 - $139,000+17%
Chicago, IL$102,000$56,000 - $136,000+15%
Raleigh, NC$101,000$56,000 - $135,000+13%
Salt Lake City, UT$101,000$56,000 - $135,000+13%
Charlotte, NC$99,000$59,000 - $129,000+11%
Houston, TX$98,000$59,000 - $127,000+10%
Atlanta, GA$98,000$59,000 - $127,000+10%
Phoenix, AZ$98,000$59,000 - $127,000+10%
Milwaukee, WI$98,000$59,000 - $127,000+10%
Detroit, MI$97,000$58,000 - $126,000+9%
Pittsburgh, PA$97,000$58,000 - $126,000+9%
Kansas City, MO$97,000$58,000 - $126,000+9%
Richmond, VA$97,000$58,000 - $126,000+9%
Columbus, OH$96,000$58,000 - $125,000+8%
Miami, FL$94,000$56,000 - $122,000+6%
Nashville, TN$94,000$56,000 - $122,000+6%
Las Vegas, NV$94,000$56,000 - $122,000+6%
Tampa, FL$94,000$56,000 - $122,000+6%
Cleveland, OH$94,000$56,000 - $122,000+6%
Toronto, ON$94,000$56,000 - $122,000+6%
St. Louis, MO$93,000$56,000 - $121,000+4%
Jacksonville, FL$93,000$56,000 - $121,000+4%
Indianapolis, IN$92,000$55,000 - $120,000+3%
New Orleans, LA$92,000$55,000 - $120,000+3%
Cincinnati, OH$91,000$55,000 - $118,000+2%
Buffalo, NY$91,000$55,000 - $118,000+2%
Birmingham, AL$91,000$55,000 - $118,000+2%
Louisville, KY$90,000$54,000 - $117,000+1%
Vancouver, BC$90,000$54,000 - $117,000+1%
San Antonio, TX$89,000$53,000 - $116,0000%
Oklahoma City, OK$89,000$53,000 - $116,0000%
Tucson, AZ$89,000$53,000 - $116,0000%
Orlando, FL$88,000$53,000 - $114,000-1%
Ottawa, ON$87,000$52,000 - $113,000-2%
Calgary, AB$87,000$52,000 - $113,000-2%
Edmonton, AB$83,000$50,000 - $108,000-7%
Montreal, QC$79,000$47,000 - $103,000-11%
Hamilton, ON$75,000$45,000 - $98,000-16%
Winnipeg, MB$73,000$44,000 - $95,000-18%
Halifax, NS$73,000$44,000 - $95,000-18%
Quebec City, QC$71,000$43,000 - $92,000-20%