What is the average Business Development salary for New London, CT?
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As of March 26, 2024, the average Business Development salary in New London, CT is $243,374. The chart below represents localized salaries for some of our most popular Business Development job titles in New London, CT. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Business Development job titles in New London, CT. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Business Development Salaries in New London, CT
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Business Development Associate I | $69,927 | $33.62 | New London, CT | March 26, 2024 |
| Business Development Associate IV | $152,549 | $73.34 | New London, CT | March 26, 2024 |
| Business Development Associate V | $192,033 | $92.32 | New London, CT | March 26, 2024 |
| Partnership Business Development Manager | $153,392 | $73.75 | New London, CT | March 26, 2024 |
| Business Development Manager | $148,569 | $71.43 | New London, CT | March 26, 2024 |
| Business Development Director | $218,777 | $105.18 | New London, CT | March 26, 2024 |
| Senior Vice President of Business Development | $303,028 | $145.69 | New London, CT | March 26, 2024 |
| Partnership Business Development Senior Associate | $113,961 | $54.79 | New London, CT | March 26, 2024 |
| Chief Business Development Executive | $352,906 | $169.67 | New London, CT | March 26, 2024 |
| Business Development Associate II | $88,324 | $42.46 | New London, CT | March 26, 2024 |
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Identifies and nurtures strategic relationships with partners or potential customers. Assists in the development of a strong pipeline of new business opportunities through direct or indirect customer contact and prospecting. Works with marketing, sales, and product development teams to implement business development initiatives. Requires a bachelor's degree in business, finance or marketing. Typically reports to a supervisor or manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Business Development Associate I Salaries in New London, CT
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Identifies and nurtures strategic relationships with partners or potential customers. Assists in the development of a strong pipeline of new business opportunities through direct or indirect customer contact and prospecting. Researches and analyzes current and future business opportunities. Works with marketing, sales, and product development teams to implement business development initiatives. Requires a bachelor's degree in business, finance or marketing. Typically reports to a supervisor or manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. Business Development Associate IV Salaries in New London, CT
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Identifies and nurtures strategic relationships with partners or potential customers. Assists in the development of a strong pipeline of new business opportunities through direct or indirect customer contact and prospecting. Researches and analyzes current and future business opportunities. Works with marketing, sales, and product development teams to implement business development initiatives. Requires a bachelor's degree in business, finance or marketing. Typically reports to a supervisor or manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience. Business Development Associate V Salaries in New London, CT
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Manages business development activities to identify, develop, and administer strategic partnerships with other organizations to realize key objectives, gain operational efficiencies, address unmet market needs, and create new customers and markets. Leads research activities to identify business opportunities, conduct due diligence, and develop plans and strategies for new alliances. Negotiates with new partners to formalize alliances and relationships. Implements partnerships with stakeholders across the organization. Establishes processes to track, measure, and analyze results and outcomes and evaluate alliances' value. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. Partnership Business Development Manager Salaries in New London, CT
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Manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. Business Development Manager Salaries in New London, CTAlternate Job Titles:Manager Business Growth and Development, Market/Partner Development Manager, Business Development Manager
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Directs the execution of the business development vision, strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Oversees the development of proposals and contracts for new business opportunities and manages negotiations. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. Business Development Director Salaries in New London, CTAlternate Job Titles:Director Business Growth and Development, Market/Partner Development Director, Strategic Business Development Director, Business Development Director
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Develops and leads the business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, development of proposals, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. Senior Vice President of Business Development Salaries in New London, CT
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Conducts business development activities to identify, develop, and administer strategic partnerships with other organizations to realize key objectives, gain operational efficiencies, address unmet market needs, and create new customers and markets. Researches business opportunities, supports due diligence activities, and implements plans and strategies for new alliances. Assists with negotiations and the development and preparation of formal agreements with new partners. Coordinates partnership activities with stakeholders across the organization. Collects data and prepares analysis of partnership performance, sales, and other results. Requires a bachelor's degree. Typically reports to a head of a unit/department. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Partnership Business Development Senior Associate Salaries in New London, CT
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Develops and leads the overall business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Develops a wide network of contacts to keep informed about current and future industry and market actions. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, development of proposals, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to chief executive officer (CEO). Top level or C level management. Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. Chief Business Development Executive Salaries in New London, CTAlternate Job Titles:Business Development Executive, Chief Business Development Executive, Chief Business Development Officer, Head of Business Development, Vice President of Business Development
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Identifies and nurtures strategic relationships with partners or potential customers. Assists in the development of a strong pipeline of new business opportunities through direct or indirect customer contact and prospecting. Works with marketing, sales, and product development teams to implement business development initiatives. Requires a bachelor's degree in business, finance or marketing. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. Business Development Associate II Salaries in New London, CTAlternate Job Titles:Business Development Representative, Business Prospector, Lead Development Representative, Market/Partner Developer, Business Development Associate II