Insurance Business Development Manager Salary in the United States

How much does an Insurance Business Development Manager make in the United States? As of September 01, 2026, the average salary for an Insurance Business Development Manager in the United States is $135,858 per year, which breaks down to an hourly rate of $65.

However, an Insurance Business Development Manager's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $163,424
  • Majority Range (25th-75th percentile): $125,339 to $150,287
  • Entry-Level (10th percentile): $115,762

Key Factors That Influence Insurance Business Development Manager Salaries

An Insurance Business Development Manager'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, education and company size can directly affect your earning potential.

How Experience Level Affects Insurance Business Development Manager Salaries?

Experience is a primary driver of an Insurance Business Development Manager'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:

  • Entry-Level (less than 1 year): $167,723
  • Early Career (1-2 years): $115,045
  • Mid-Level (2-4 years): $132,852
  • Senior-Level (5-8 years): $174,763
  • Expert (over 8 years): $211,646
Job RoleYears of ExperienceAverage Salary
Business Development Associate V less than 1 year $167,723
Business Development Supervisor 1-2 years $115,045
Insurance Business Development Manager 2-4 years $132,852
Business Development Manager, Sr. 5-8 years $174,763
Business Development Director over 8 years $211,646

Top Paying Cities for Insurance Business Development Manager

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:

  • San Jose: $171,358
  • San Francisco: $169,481
  • Oakland: $165,910

Insurance Business Development Manager Salary by Industry: Top Paying Sectors

For Insurance Business Development Manager roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Aerospace & Defense sectors offer the strongest compensation, at 50% above the average. In contrast, Insurance Business Development Manager positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Insurance Business Development Manager as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Business Development Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Biotechnology $203,787 $98.0 50%
Aerospace & Defense $176,615 $85.0 30%

How Education impacts an Insurance Business Development Manager's Salary?

Your level of education can impact your salary potential. While many Insurance Business Development Manager professionals enter the field with a Bachelor's degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Insurance Business Development Manager with a Bachelor's is between $134,176 and $144,439.

Insurance Business Development Manager Salaries by Degree Level

Typical Education for Insurance Business Development Manager
Degree Level % of user with this level of education
No Degree 0.4%
High School 4.7%
Associate's Degree 4.3%
Bachelor's Degree 45.3%
Master's Degree or MBA 42.6%
JD, MD, PhD or Equivalent 2.6%

Insurance Business Development Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Business Development Manager'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.

  • Hourly
  • Monthly
  • Weekly
  • Yearly
  • Table View
Last Updated on September 01, 2026
$125,339
Average $135,858/year
$150,287
$10,445
Average $11,322/month
$12,524
$2,410
Average $2,613/week
$2,890
$60
Average $65/hour
$72
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $150,287 $12,524 $2,890 $72
Average $135,858 $11,322 $2,613 $65
25th Percentile $125,339 $10,445 $2,410 $60

Most common benefits for Insurance Business Development Manager

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Insurance Business Development Manager

Here are companies hiring for Insurance Business Development Manager and their salaries, click below for more details.

Find Your Next Insurance Business Development Manager Job

Ready to take the next step in your career? Browse thousands of current Insurance Business Development Manager job openings on our job board. Use the search bar below to find your perfect match.

  • Wise Staffing Group | Columbus, OH

    Wise Staffing Group | Columbus, OH

    Job Description. Job Description. Wise Staffing Group is seeking an experienced Business Development Manager to join our growing team. Base salary ranges f... more

    10 Days Ago

  • Roofing Talent America | Columbus, OH

    Roofing Talent America | Columbus, OH

    Business Development Manager Helena, Ohio $70,000 - $100,000 base uncapped commission Step Into a $3M Backlog With a Company Where Your Operations Can Actu... more

    7 Days Ago

  • Hubbell | Columbus, OH

    Hubbell | Columbus, OH

    Business Development Manager, Utilities - Eastern Region - RemoteThe Business Development Manager will plan, develop and execute strategies to grow Ripley ... more

    6 Days Ago

  • MeeDerby | Columbus, OH

    MeeDerby | Columbus, OH

    Business Development Manager, Workforce Solutions / Staffing Industry - Columbus, Ohio. 5+ years staffing industry experience required. Are you a consultat... more

    8 Days Ago

  • Genuine Parts | Columbus, OH

    Genuine Parts | Columbus, OH

    Business Development Manager, Fleet & Heavy Duty. The Business Development Manager, Fleet & Heavy-Duty develops and expands sales for Fleet/Government & He... more

    7 Days Ago

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FAQ about Insurance Business Development Manager

1. What industry pays the highest salary for Insurance Business Development Manager?

The Biotechnology industry offers the highest average compensation for Insurance Business Development Manager roles, with salaries approximately 50% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

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