Insurance Business Development Manager Salary in Maryland

How much does an Insurance Business Development Manager make in Maryland? As of September 01, 2026, the average salary for an Insurance Business Development Manager in Maryland is $140,083 per year, which breaks down to an hourly rate of $67.

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

  • Top Earners (90th percentile): $168,506
  • Majority Range (25th-75th percentile): $129,237 to $154,961
  • Entry-Level (10th percentile): $119,362

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 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): $172,939
  • Early Career (1-2 years): $118,623
  • Mid-Level (2-4 years): $136,984
  • Senior-Level (5-8 years): $180,198
  • Expert (over 8 years): $218,228
Job RoleYears of ExperienceAverage Salary
Business Development Associate V less than 1 year $172,939
Business Development Supervisor 1-2 years $118,623
Insurance Business Development Manager 2-4 years $136,984
Business Development Manager, Sr. 5-8 years $180,198
Business Development Director over 8 years $218,228

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:

  • Owings: $144,238
  • Riverdale: $149,398
  • College Park: $149,226

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 $210,125 $101.0 50%
Aerospace & Defense $182,108 $88.0 30%

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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$129,237
Average $140,083/year
$154,961
$10,770
Average $11,674/month
$12,913
$2,485
Average $2,694/week
$2,980
$62
Average $67/hour
$75
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $154,961 $12,913 $2,980 $75
Average $140,083 $11,674 $2,694 $67
25th Percentile $129,237 $10,770 $2,485 $62

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.

  • Dixon Valve & Coupling Company LLC | Chestertown, MD

    Dixon Valve & Coupling Company LLC | Chestertown, MD

    Job Description. Job Description. Business Development Manager - Data Center Liquid Cooling. Location: Within the Continental United States . Work Hours: 8... more

    2 Days Ago

  • Apex Petroleum Corp | Gaithersburg, MD

    Apex Petroleum Corp | Gaithersburg, MD

    Job Description. Job Description. Job Summary. We are seeking a dynamic and experienced Wholesale Business Development Manager to join our team at Apex Pet... more

    2 Days Ago

  • Interstate Moving Relocation Logistics | Hyattsville, MD

    Interstate Moving Relocation Logistics | Hyattsville, MD

    Job Description. Job Description. SUMMARY. The Logistics Business Development Manager will lead capture and opportunity pipeline development activities for... more

    2 Days Ago

  • FERRARO FOODS OF MARYLAND, LLC | Aberdeen, MD

    FERRARO FOODS OF MARYLAND, LLC | Aberdeen, MD

    Job Description. Job Description. Position Overview. The Business Development Manager is responsible for developing profitable customer relationships and e... more

    3 Days Ago

  • Leap | Columbia, MD

    Leap | Columbia, MD

    Job Description. Job Description. About Us. At Leap, we're on a mission to transform the home improvement industry - and we want you to be part of that jou... more

    3 Days Ago

  • SRVacJet | Laurel, MD

    SRVacJet | Laurel, MD

    Job Description. Job Description. SRVacJet is seeking a driven and results-oriented Business Development Manager to lead efforts in growing our client port... more

    3 Days Ago

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