What are the main factors that influence an Insurance Business Development Manager's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

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.

How does experience change An Insurance Business Development Manager's salary?

An Insurance Business Development Manager's salary grows with experience: starting around $158,336 for beginners, reaching about $125,417 at mid-level, and approach $199,829 for experts.

What are the highest paying states for an Insurance Business Development Manager?

Insurance Business Development Manager salary varies significantly by state. The top 3 highest paying states for Insurance Business Development Manager roles are District of Columbia $150,422, California $149,851, Massachusetts $147,854. These tech hubs typically pay 10-15% above the national average.

How much do different types of Insurance Business Development Manager roles make?

Salaries for Insurance Business Development Manager level roles vary by specialization: SVP of Insurance Product Development: $253,401; Insurance Actuary Manager: $172,180; Insurance Product Development Senior Manager: $168,986; Business Development Manager - Biotech: $136,988; Business Development Manager: $132,301.

Insurance Business Development Manager Salary in Montana

How much does an Insurance Business Development Manager make in Montana? As of October 01, 2026, the average salary for an Insurance Business Development Manager in Montana is $128,264 per year, which breaks down to an hourly rate of $62.

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

Top Earners (90th percentile): $154,362
Majority Range (25th-75th percentile): $118,347 to $141,925
Entry-Level (10th percentile): $109,318

10% $109,318

50% (Median) $128,264

90% $154,362

Insurance Business Development Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$141,925	$11,827	$2,729	$68
Average	$128,264	$10,689	$2,467	$62
25th Percentile	$118,347	$9,862	$2,276	$57

Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

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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): $158,336
Early Career (1-2 years): $110,987
Mid-Level (2-4 years): $125,417
Senior-Level (5-8 years): $164,990
Expert (over 8 years): $199,829

Job Role	Years of Experience	Average Salary
Business Development Associate V	less than 1 year	$158,336
Business Development Supervisor	1-2 years	$110,987
Insurance Business Development Manager	2-4 years	$125,417
Business Development Manager, Sr.	5-8 years	$164,990
Business Development Director	over 8 years	$199,829

How Do Insurance Business Development Manager Salaries Vary from State to State?

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 Insurance Business Development Managers. For example, consider the average annual salaries in these key locations:

District of Columbia: $150,422.
California: $149,851.
Massachusetts: $147,854.

District of Columbia $150,422 California $149,851 Massachusetts $147,854 Washington $147,311 New Jersey $147,256 Alaska $147,066 Connecticut $145,191 New York $144,431

Hawaii $141,999 Rhode Island $140,858 Maryland $140,083 Minnesota $139,023 Colorado $138,616 Illinois $138,480 Oregon $137,964 Delaware $137,583

New Hampshire $137,344 Virginia $136,809 Pennsylvania $135,247 Nevada $134,459 North Dakota $134,201 Michigan $133,793 Wisconsin $133,644 Vermont $133,345

Texas $132,516 Maine $132,462 Arizona $132,380 Ohio $132,285 Georgia $131,035 Indiana $130,410 Wyoming $130,288 Utah $130,098

Iowa $130,016 Kansas $129,364 Louisiana $129,174 North Carolina $129,106 Missouri $129,079 Florida $128,549 Montana $128,264 Nebraska $127,992

Kentucky $127,842 South Carolina $127,299 Tennessee $126,959 Idaho $126,823 New Mexico $125,832 Oklahoma $125,614 Alabama $124,813 South Dakota $123,468

Arkansas $122,734 West Virginia $122,340 Mississippi $121,158

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:

Absarokee: $127,482
Acton: $130,569
Ashland: $127,385

Absarokee, MT $127,482

Acton, MT $130,569

Ashland, MT $127,385

Ballantine, MT $130,369

Bearcreek, MT $127,465

Belfry, MT $127,594

Bighorn, MT $127,175

Big Timber, MT $127,376

Birney, MT $127,295

Boyd, MT $128,630

Bridger, MT $128,132

Broadview, MT $129,846

Busby, MT $127,439

Clyde Park, MT $127,399

Columbus, MT $128,447

Cooke City, MT $127,151

Crow Agency, MT $127,548

Custer, MT $127,582

Decker, MT $127,416

Edgar, MT $130,084

Emigrant, MT $127,389

Fishtail, MT $127,280

Fromberg, MT $129,570

Gardiner, MT $127,393

Garryowen, MT $127,497

Grass Range, MT $127,261

Greycliff, MT $127,385

Hardin, MT $128,607

Fort Smith, MT $128,208

Harlowton, MT $127,332

Huntley, MT $131,012

Hysham, MT $127,241

Ingomar, MT $126,999

Joliet, MT $129,585

Lame Deer, MT $127,514

Laurel, MT $130,974

Lavina, MT $127,687

Livingston, MT $127,541

Lodge Grass, MT $127,569

Mc Leod, MT $127,110

Martinsdale, MT $127,193

Melstone, MT $127,241

Melville, MT $127,144

Molt, MT $130,202

Mosby, MT $127,065

Musselshell, MT $127,197

Nye, MT $127,265

Otter, MT $127,387

Park City, MT $130,075

Pompeys Pillar, MT $129,560

Pray, MT $127,323

Pryor, MT $129,633

Rapelje, MT $128,134

Red Lodge, MT $127,492

Reed Point, MT $127,333

Roberts, MT $128,030

Roscoe, MT $127,239

Roundup, MT $127,481

Ryegate, MT $127,217

Saint Xavier, MT $128,092

Sanders, MT $127,395

Sand Springs, MT $127,079

Shawmut, MT $127,177

Shepherd, MT $130,439

Silver Gate, MT $127,493

Springdale, MT $127,304

Sumatra, MT $127,079

Teigen, MT $127,264

Two Dot, MT $127,163

Wilsall, MT $127,276

Winnett, MT $127,173

Worden, MT $129,399

Wyola, MT $127,625

Billings, MT $131,126

Baker, MT $127,827

Wolf Point, MT $127,390

Antelope, MT $127,545

Bainville, MT $127,984

Brockton, MT $127,326

Brockway, MT $127,150

Circle, MT $127,246

Crane, MT $128,072

Culbertson, MT $127,606

Dagmar, MT $127,666

Fairview, MT $128,037

Flaxville, MT $127,227

Fort Peck, MT $127,166

Frazer, MT $127,313

Froid, MT $127,435

Glasgow, MT $127,380

Saint Marie, MT $127,921

Glentana, MT $127,167

Hinsdale, MT $127,139

Homestead, MT $127,435

Lambert, MT $127,357

Larslan, MT $127,148

Medicine Lake, MT $127,417

Nashua, MT $127,314

Opheim, MT $127,129

Outlook, MT $127,321

Peerless, MT $127,154

Plentywood, MT $127,522

Poplar, MT $127,413

Raymond, MT $127,427

Redstone, MT $127,158

Reserve, MT $127,283

Richey, MT $127,209

Richland, MT $127,139

Saco, MT $127,212

Savage, MT $127,588

Scobey, MT $127,326

Sidney, MT $128,068

Vandalia, MT $127,198

Vida, MT $127,239

Westby, MT $127,641

Whitetail, MT $127,136

Miles City, MT $127,401

Alzada, MT $127,291

Angela, MT $127,061

Alberton, MT $127,250

Arlee, MT $127,298

Bonner, MT $127,255

Charlo, MT $127,334

Clinton, MT $127,341

Condon, MT $127,113

Conner, MT $127,364

Corvallis, MT $127,533

Darby, MT $127,120

De Borgia, MT $126,856

Dixon, MT $127,222

Drummond, MT $127,291

Florence, MT $127,503

Frenchtown, MT $127,451

Grantsdale, MT $127,465

Hall, MT $127,265

Hamilton, MT $127,467

Pinesdale, MT $127,760

Haugan, MT $126,826

Helmville, MT $127,016

Heron, MT $126,874

Hot Springs, MT $127,105

Huson, MT $127,283

Lolo, MT $127,427

Lonepine, MT $127,151

Milltown, MT $127,749

Noxon, MT $126,822

Ovando, MT $127,003

Pablo, MT $127,789

Paradise, MT $127,295

Philipsburg, MT $127,265

Plains, MT $127,193

Polson, MT $127,393

Ravalli, MT $127,311

Ronan, MT $127,409

Saint Ignatius, MT $127,378

Saint Regis, MT $127,106

Saltese, MT $126,775

Seeley Lake, MT $127,326

Stevensville, MT $127,529

Sula, MT $127,075

Superior, MT $127,198

Thompson Falls, MT $127,018

Trout Creek, MT $126,900

Victor, MT $127,450

Kalispell, MT $127,503

Big Arm, MT $127,334

Bigfork, MT $127,329

Columbia Falls, MT $127,491

Coram, MT $127,326

Dayton, MT $127,352

Elmo, MT $127,202

Essex, MT $127,120

Eureka, MT $127,364

Fortine, MT $127,239

Hungry Horse, MT $127,637

Kila, MT $127,226

Lake Mc Donald, MT $127,341

Lakeside, MT $127,435

Libby, MT $127,173

Marion, MT $127,155

Martin City, MT $127,431

Olney, MT $127,136

Polebridge, MT $126,913

Proctor, MT $127,166

Rexford, MT $127,261

Rollins, MT $127,243

Somers, MT $127,419

Stryker, MT $127,113

Trego, MT $127,208

Troy, MT $126,822

West Glacier, MT $126,953

Whitefish, MT $127,427

Bloomfield, MT $127,279

Boyes, MT $127,319

Broadus, MT $127,357

Brusett, MT $127,154

Capitol, MT $127,053

Cohagen, MT $127,106

Colstrip, MT $127,624

Ekalaka, MT $127,327

Fallon, MT $127,462

Forsyth, MT $127,294

Glendive, MT $127,715

Hammond, MT $127,239

Hathaway, MT $127,380

Ismay, MT $127,279

Jordan, MT $127,181

Kinsey, MT $127,333

Lindsay, MT $127,173

Mildred, MT $127,461

Olive, MT $127,198

Plevna, MT $127,571

Powderville, MT $127,073

Rosebud, MT $127,136

Terry, MT $127,220

Volborg, MT $127,139

Wibaux, MT $127,664

Willard, MT $127,613

Great Falls, MT $121,905

Malmstrom A F B, MT $121,905

Augusta, MT $127,133

Babb, MT $127,179

Belt, MT $123,401

Black Eagle, MT $121,905

Brady, MT $125,925

Browning, MT $127,351

Buffalo, MT $127,253

Bynum, MT $127,236

Carter, MT $124,022

Cascade, MT $125,737

Choteau, MT $127,239

Coffee Creek, MT $127,249

Conrad, MT $127,355

Cut Bank, MT $127,269

Denton, MT $127,219

Dupuyer, MT $127,120

Dutton, MT $124,484

East Glacier Park, MT $127,065

Ethridge, MT $127,105

Fairfield, MT $126,235

Floweree, MT $122,161

Forest Grove, MT $127,200

Fort Benton, MT $126,323

Fort Shaw, MT $123,574

Galata, MT $127,139

Geraldine, MT $127,193

Geyser, MT $126,277

Heart Butte, MT $127,348

Highwood, MT $123,578

Hilger, MT $127,250

Hobson, MT $127,268

Judith Gap, MT $127,243

Kevin, MT $127,222

Ledger, MT $127,166

Lewistown, MT $127,474

Loma, MT $127,192

Lothair, MT $127,181

Moccasin, MT $127,276

Monarch, MT $125,867

Moore, MT $127,345

Neihart, MT $126,806

Oilmont, MT $127,156

Pendroy, MT $127,120

Power, MT $123,095

Raynesford, MT $125,720

Roy, MT $127,133

Sand Coulee, MT $121,905

Shelby, MT $127,357

Simms, MT $124,536

Stanford, MT $127,261

Stockett, MT $123,161

Sunburst, MT $127,268

Sun River, MT $122,934

Sweet Grass, MT $127,189

Biddle, MT $127,402

Ulm, MT $121,964

Valier, MT $127,249

Vaughn, MT $122,409

Winifred, MT $127,204

Havre, MT $127,444

Big Sandy, MT $127,230

Box Elder, MT $127,482

Chester, MT $127,247

Chinook, MT $127,270

Dodson, MT $127,223

Gildford, MT $127,201

Harlem, MT $127,376

Hays, MT $127,428

Hingham, MT $127,202

Hogeland, MT $127,181

Inverness, MT $127,171

Joplin, MT $127,202

Kremlin, MT $127,198

Lloyd, MT $127,012

Loring, MT $127,132

Malta, MT $127,291

Rudyard, MT $127,231

Turner, MT $127,211

Whitewater, MT $127,155

Whitlash, MT $127,067

Zortman, MT $127,303

Zurich, MT $127,129

Helena, MT $121,552

Basin, MT $124,208

Boulder, MT $125,568

Canyon Creek, MT $122,908

Clancy, MT $121,759

East Helena, MT $121,471

Fort Harrison, MT $121,471

Jefferson City, MT $122,632

Lincoln, MT $127,234

Marysville, MT $122,759

Radersburg, MT $125,769

Ringling, MT $127,091

Toston, MT $126,253

Townsend, MT $124,381

White Sulphur Springs, MT $126,719

Winston, MT $122,885

Wolf Creek, MT $125,477

Butte, MT $127,228

Alder, MT $127,185

Anaconda, MT $127,510

Avon, MT $124,119

Belgrade, MT $127,662

Bozeman, MT $127,743

Big Sky, MT $127,648

Cameron, MT $127,101

Cardwell, MT $127,376

Deer Lodge, MT $126,455

Dell, MT $126,753

Dillon, MT $127,283

Divide, MT $127,247

Elliston, MT $123,085

Ennis, MT $127,454

Gallatin Gateway, MT $127,380

Garrison, MT $125,830

Glen, MT $127,242

Gold Creek, MT $126,670

Harrison, MT $127,412

Jackson, MT $126,916

Lima, MT $126,844

Mc Allister, MT $127,429

Manhattan, MT $127,625

Melrose, MT $127,257

Norris, MT $127,255

Polaris, MT $127,102

Pony, MT $127,439

Ramsay, MT $127,505

Sheridan, MT $127,482

Silver Star, MT $127,480

Three Forks, MT $127,524

Twin Bridges, MT $127,374

Virginia City, MT $127,419

Warm Springs, MT $127,492

West Yellowstone, MT $127,348

Whitehall, MT $127,507

Willow Creek, MT $127,469

Wisdom, MT $126,947

Wise River, MT $127,170

Missoula, MT $127,942

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	$192,395	$92.0	50%
Aerospace & Defense	$166,743	$80.0	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.

$118,347

Average $128,264/year

$141,925

$9,862

Average $10,689/month

$11,827

$2,276

Average $2,467/week

$2,729

$57

Average $62/hour

$68

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$141,925	$11,827	$2,729	$68
Average	$128,264	$10,689	$2,467	$62
25th Percentile	$118,347	$9,862	$2,276	$57

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.

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Insurance Business Development Manager Salary in Montana

Check out Insurance Business Development Manager Job Openings in Montana

Key Factors That Influence Insurance Business Development Manager Salaries

How Experience Level Affects Insurance Business Development Manager Salaries?

How Do Insurance Business Development Manager Salaries Vary from State to State?

Top Paying Cities for Insurance Business Development Manager

Insurance Business Development Manager Salary by Industry: Top Paying Sectors

The top paying industries for an Insurance Business Development Manager

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

Find Your Next Insurance Business Development Manager Job

For Employees

For Employers

Where Does Our Salary Data Come From?

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Insurance Business Development Manager Salary in Montana

Check out Insurance Business Development Manager Job Openings in Montana

Key Factors That Influence Insurance Business Development Manager Salaries

How Experience Level Affects Insurance Business Development Manager Salaries?

How Do Insurance Business Development Manager Salaries Vary from State to State?

Top Paying Cities for Insurance Business Development Manager

Insurance Business Development Manager Salary by Industry: Top Paying Sectors

The top paying industries for an Insurance Business Development Manager

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

Salaries of jobs related to Insurance Business Development Manager

Find Your Next Insurance Business Development Manager Job

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