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 $181,782 for beginners, reaching about $143,989 at mid-level, and approach $229,420 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 New Jersey

How much does an Insurance Business Development Manager make in New Jersey? As of October 01, 2026, the average salary for an Insurance Business Development Manager in New Jersey is $147,256 per year, which breaks down to an hourly rate of $71.

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

Top Earners (90th percentile): $177,220
Majority Range (25th-75th percentile): $135,871 to $162,941
Entry-Level (10th percentile): $125,505

10% $125,505

50% (Median) $147,256

90% $177,220

Insurance Business Development Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$162,941	$13,578	$3,133	$78
Average	$147,256	$12,271	$2,832	$71
25th Percentile	$135,871	$11,323	$2,613	$65

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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): $181,782
Early Career (1-2 years): $127,421
Mid-Level (2-4 years): $143,989
Senior-Level (5-8 years): $189,421
Expert (over 8 years): $229,420

Job Role	Years of Experience	Average Salary
Business Development Associate V	less than 1 year	$181,782
Business Development Supervisor	1-2 years	$127,421
Insurance Business Development Manager	2-4 years	$143,989
Business Development Manager, Sr.	5-8 years	$189,421
Business Development Director	over 8 years	$229,420

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:

Maywood: $154,286
Teterboro: $154,346
Alpine: $154,284

Maywood, NJ $154,286

Teterboro, NJ $154,346

Alpine, NJ $154,284

Bergenfield, NJ $154,375

Closter, NJ $154,382

Cresskill, NJ $154,380

Demarest, NJ $154,377

Dumont, NJ $154,424

Emerson, NJ $154,483

Englewood, NJ $154,367

Englewood Cliffs, NJ $154,424

Harrington Park, NJ $154,403

Haworth, NJ $154,447

Hillsdale, NJ $154,457

Little Ferry, NJ $154,415

Lodi, NJ $154,303

Montvale, NJ $154,341

New Milford, NJ $154,441

Northvale, NJ $154,294

Norwood, NJ $154,343

Oradell, NJ $154,503

Palisades Park, NJ $154,522

Paramus, NJ $154,524

Park Ridge, NJ $154,392

Ridgefield, NJ $154,681

Ridgefield Park, NJ $154,356

River Edge, NJ $154,449

Rochelle Park, NJ $154,333

Saddle Brook, NJ $154,352

Teaneck, NJ $154,293

Tenafly, NJ $154,371

Clementon, NJ $141,723

Columbus, NJ $146,053

Deepwater, NJ $137,464

Ewan, NJ $140,124

Gibbsboro, NJ $141,874

Gibbstown, NJ $140,870

Glassboro, NJ $140,719

Glendora, NJ $141,766

Gloucester City, NJ $141,731

Bellmawr, NJ $141,742

Grenloch, NJ $141,465

Haddonfield, NJ $141,833

Haddon Heights, NJ $141,776

Hainesport, NJ $143,879

Hammonton, NJ $141,250

Hancocks Bridge, NJ $138,473

Harrisonville, NJ $139,317

Jobstown, NJ $145,804

Juliustown, NJ $145,561

Voorhees, NJ $141,962

Lawnside, NJ $141,855

Willingboro, NJ $144,004

Lumberton, NJ $143,875

Magnolia, NJ $141,826

Manahawkin, NJ $143,015

Mantua, NJ $141,265

Maple Shade, NJ $142,121

Marlton, NJ $142,257

Mount Laurel, NJ $142,933

Medford, NJ $142,849

Mickleton, NJ $140,678

Moorestown, NJ $142,751

Mount Ephraim, NJ $141,746

Mount Holly, NJ $144,705

Mount Royal, NJ $141,286

Mullica Hill, NJ $140,280

National Park, NJ $141,688

New Lisbon, NJ $144,685

Palmyra, NJ $142,014

Paulsboro, NJ $141,469

Pedricktown, NJ $137,791

Pemberton, NJ $144,821

Penns Grove, NJ $137,548

Pennsville, NJ $137,627

Pitman, NJ $140,957

Quinton, NJ $138,477

Rancocas, NJ $143,969

Richwood, NJ $140,699

Riverside, NJ $143,207

Riverton, NJ $142,281

Runnemede, NJ $141,760

Salem, NJ $138,370

Sewell, NJ $141,201

Sicklerville, NJ $141,315

Somerdale, NJ $141,810

Stratford, NJ $141,784

Swedesboro, NJ $139,014

Thorofare, NJ $141,654

Tuckerton, NJ $142,247

Vincentown, NJ $143,186

Waterford Works, NJ $141,529

Wenonah, NJ $141,470

West Berlin, NJ $141,881

West Creek, NJ $142,704

Westville, NJ $141,713

Williamstown, NJ $140,992

Winslow, NJ $141,150

West Deptford, NJ $141,658

Westwood, NJ $154,420

Woodbury Heights, NJ $141,579

Township Of Washington, NJ $154,495

Woodcliff Lake, NJ $154,423

Red Bank, NJ $150,696

Shrewsbury, NJ $150,127

Fort Monmouth, NJ $149,927

Fair Haven, NJ $150,877

Adelphia, NJ $148,486

Allenhurst, NJ $148,554

Asbury Park, NJ $148,918

Belmar, NJ $147,538

Atlantic Highlands, NJ $151,694

Avon By The Sea, NJ $147,846

Belford, NJ $151,791

Bradley Beach, NJ $148,051

Cliffwood, NJ $152,215

Colts Neck, NJ $149,836

Deal, NJ $148,793

Eatontown, NJ $149,782

Englishtown, NJ $149,987

Farmingdale, NJ $148,472

Freehold, NJ $148,800

Hazlet, NJ $151,895

Howell, NJ $147,500

Highlands, NJ $152,423

Holmdel, NJ $151,221

Keansburg, NJ $152,001

Keyport, NJ $152,363

Leonardo, NJ $151,657

Lincroft, NJ $150,558

Little Silver, NJ $150,400

Long Branch, NJ $149,673

Marlboro, NJ $150,524

Matawan, NJ $151,956

Middletown, NJ $151,351

Monmouth Beach, NJ $150,475

Morganville, NJ $151,135

Navesink, NJ $151,244

Neptune, NJ $148,437

Oakhurst, NJ $149,020

Ocean Grove, NJ $148,178

Oceanport, NJ $150,032

Port Monmouth, NJ $151,960

Rumson, NJ $151,160

Spring Lake, NJ $147,331

Tennent, NJ $150,058

West Long Branch, NJ $149,482

Wickatunk, NJ $150,975

Dover, NJ $150,558

Mine Hill, NJ $150,081

Picatinny Arsenal, NJ $150,903

Allamuchy, NJ $147,453

Andover, NJ $147,449

Augusta, NJ $147,065

Belvidere, NJ $144,033

Blairstown, NJ $144,270

Branchville, NJ $145,023

Montague, NJ $144,932

Budd Lake, NJ $148,516

Woodstown, NJ $138,734

Camden, NJ $141,738

Audubon, NJ $141,765

Oaklyn, NJ $141,752

Collingswood, NJ $141,777

Merchantville, NJ $141,828

Pennsauken, NJ $141,825

Absecon, NJ $142,764

Avalon, NJ $140,559

Brigantine, NJ $142,794

Cape May, NJ $139,688

Cape May Court House, NJ $140,239

Cape May Point, NJ $139,476

Cologne, NJ $142,139

Dennisville, NJ $140,597

Egg Harbor City, NJ $141,802

Elwood, NJ $141,280

Goshen, NJ $140,041

Green Creek, NJ $139,980

Middlesex, NJ $152,066

Milford, NJ $142,955

Milltown, NJ $152,392

Monmouth Junction, NJ $151,403

Neshanic Station, NJ $151,900

Piscataway, NJ $152,366

Old Bridge, NJ $151,676

Oldwick, NJ $151,730

Parlin, NJ $152,293

Perth Amboy, NJ $152,153

Fords, NJ $152,085

Phillipsburg, NJ $141,568

Pittstown, NJ $147,987

Quakertown, NJ $148,773

Raritan, NJ $151,971

Readington, NJ $151,938

Sayreville, NJ $152,295

Somerset, NJ $151,971

Somerville, NJ $151,964

South Amboy, NJ $152,290

South Bound Brook, NJ $152,242

South River, NJ $152,355

Spotswood, NJ $152,066

Stanton, NJ $151,612

Stewartsville, NJ $142,924

Three Bridges, NJ $151,618

Whitehouse, NJ $151,831

Whitehouse Station, NJ $151,861

Zarephath, NJ $152,055

New Brunswick, NJ $152,406

North Brunswick, NJ $152,359

Highland Park, NJ $152,401

Elizabeth, NJ $153,202

Roselle, NJ $152,710

Roselle Park, NJ $152,838

Hillside, NJ $153,105

Elizabethport, NJ $153,192

Allendale, NJ $154,380

Bloomingdale, NJ $153,039

Butler, NJ $152,852

Elmwood Park, NJ $154,382

Fair Lawn, NJ $154,472

Franklin, NJ $148,914

Franklin Lakes, NJ $154,312

Glenwood, NJ $148,369

Hamburg, NJ $148,616

Haskell, NJ $153,331

Hewitt, NJ $150,775

Highland Lakes, NJ $149,821

Ho Ho Kus, NJ $154,471

Little Falls, NJ $154,324

Mc Afee, NJ $148,221

Mahwah, NJ $153,750

Midland Park, NJ $154,431

Newfoundland, NJ $151,532

Oakland, NJ $154,026

Oak Ridge, NJ $150,626

Ogdensburg, NJ $149,085

Pequannock, NJ $154,165

Pompton Lakes, NJ $153,816

Pompton Plains, NJ $153,939

Ramsey, NJ $154,306

Ridgewood, NJ $154,481

Glen Rock, NJ $154,479

Ringwood, NJ $152,810

Riverdale, NJ $153,529

Saddle River, NJ $154,370

Stockholm, NJ $150,090

Sussex, NJ $146,915

Vernon, NJ $148,805

Waldwick, NJ $154,424

Wanaque, NJ $153,217

Wayne, NJ $154,272

West Milford, NJ $151,749

Wyckoff, NJ $154,389

Paterson, NJ $154,370

Hawthorne, NJ $154,422

Haledon, NJ $154,377

Totowa, NJ $154,305

Hackensack, NJ $154,267

Bogota, NJ $154,278

Hasbrouck Heights, NJ $154,316

Leonia, NJ $154,407

Buttzville, NJ $144,200

South Hackensack, NJ $154,284

Hillsborough, NJ $151,950

Leeds Point, NJ $142,469

Califon, NJ $150,603

Changewater, NJ $147,413

Columbia, NJ $143,156

Delaware, NJ $143,514

Denville, NJ $151,718

Flanders, NJ $149,491

Glasser, NJ $149,328

Great Meadows, NJ $146,451

Greendell, NJ $146,686

Hackettstown, NJ $147,985

Hibernia, NJ $151,391

Hopatcong, NJ $149,004

Hope, NJ $145,153

Ironia, NJ $150,615

Johnsonburg, NJ $146,034

Kenvil, NJ $149,781

Lafayette, NJ $147,828

Lake Hopatcong, NJ $149,654

Landing, NJ $149,048

Layton, NJ $143,980

Ledgewood, NJ $149,103

Long Valley, NJ $149,648

Middleville, NJ $144,740

Mount Arlington, NJ $149,544

Netcong, NJ $148,737

Newton, NJ $146,277

Oxford, NJ $146,497

Port Murray, NJ $147,830

Rockaway, NJ $151,537

Randolph, NJ $150,512

Schooleys Mountain, NJ $148,925

Sparta, NJ $148,979

Stanhope, NJ $148,244

Stillwater, NJ $145,348

Succasunna, NJ $149,698

Swartswood, NJ $145,448

Mount Tabor, NJ $151,840

Tranquility, NJ $147,110

Vienna, NJ $147,085

Wallpack Center, NJ $142,455

Washington, NJ $145,592

Wharton, NJ $150,028

Summit, NJ $152,967

Basking Ridge, NJ $152,056

Bedminster, NJ $152,002

Berkeley Heights, NJ $152,556

Bernardsville, NJ $151,615

Brookside, NJ $150,667

Cedar Knolls, NJ $152,302

Chatham, NJ $152,636

Chester, NJ $150,662

Far Hills, NJ $152,177

Florham Park, NJ $153,217

Gillette, NJ $152,263

Gladstone, NJ $151,465

Green Village, NJ $152,202

East Hanover, NJ $153,583

Liberty Corner, NJ $152,104

Lyons, NJ $152,213

Madison, NJ $152,785

Mendham, NJ $150,889

Millington, NJ $151,865

Morris Plains, NJ $151,874

Morristown, NJ $151,631

Convent Station, NJ $152,616

Mount Freedom, NJ $150,648

New Providence, NJ $152,676

New Vernon, NJ $151,859

Peapack, NJ $151,767

Pluckemin, NJ $152,005

Pottersville, NJ $151,396

Stirling, NJ $151,990

Whippany, NJ $152,726

Alloway, NJ $138,984

Cherry Hill, NJ $141,904

Atco, NJ $141,857

Barnegat, NJ $143,046

Barnegat Light, NJ $143,121

Barrington, NJ $141,798

Beach Haven, NJ $142,707

Berlin, NJ $141,618

Beverly, NJ $143,981

Birmingham, NJ $144,772

Blackwood, NJ $141,487

Bridgeport, NJ $139,119

Browns Mills, NJ $144,810

Burlington, NJ $145,344

Cedar Brook, NJ $141,379

Chatsworth, NJ $142,625

Clarksboro, NJ $141,129

Roosevelt, NJ $148,077

Rosemont, NJ $145,958

Sergeantsville, NJ $147,665

Linwood, NJ $142,580

Marmora, NJ $141,837

New Gretna, NJ $142,076

Northfield, NJ $142,745

Ocean City, NJ $142,109

Ocean View, NJ $141,261

Oceanville, NJ $142,504

Pleasantville, NJ $142,819

Egg Harbor Township, NJ $142,230

Pomona, NJ $142,333

Port Republic, NJ $142,216

Rio Grande, NJ $139,898

Sea Isle City, NJ $141,031

Somers Point, NJ $142,343

South Dennis, NJ $140,504

South Seaville, NJ $140,830

Stone Harbor, NJ $140,148

Strathmere, NJ $141,516

Tuckahoe, NJ $140,915

Villas, NJ $139,942

Whitesboro, NJ $139,818

Wildwood, NJ $139,932

Woodbine, NJ $140,780

Bridgeton, NJ $140,258

Buena, NJ $141,038

Cedarville, NJ $140,370

Clayton, NJ $140,714

Deerfield Street, NJ $140,616

Delmont, NJ $140,485

Dividing Creek, NJ $140,216

Dorchester, NJ $140,680

Dorothy, NJ $140,953

Elmer, NJ $140,628

Estell Manor, NJ $140,966

Fairton, NJ $140,735

Fortescue, NJ $140,200

Franklinville, NJ $140,927

Greenwich, NJ $139,377

Heislerville, NJ $140,443

Landisville, NJ $141,078

Leesburg, NJ $140,598

Malaga, NJ $141,023

Mauricetown, NJ $140,651

Mays Landing, NJ $141,152

Millville, NJ $140,931

Milmay, NJ $140,950

Minotola, NJ $141,174

Mizpah, NJ $141,215

Monroeville, NJ $140,246

Newfield, NJ $141,102

Newport, NJ $140,436

Newtonville, NJ $141,040

Norma, NJ $140,985

Port Elizabeth, NJ $140,748

Port Norris, NJ $140,498

Richland, NJ $141,029

Rosenhayn, NJ $141,076

Shiloh, NJ $139,896

Vineland, NJ $141,184

Atlantic City, NJ $142,950

Margate City, NJ $142,828

Longport, NJ $142,639

Ventnor City, NJ $142,947

Allentown, NJ $147,047

Belle Mead, NJ $151,748

Blawenburg, NJ $150,459

Bordentown, NJ $146,630

Millstone Township, NJ $147,761

Cookstown, NJ $146,149

Cranbury, NJ $149,812

Cream Ridge, NJ $147,104

Chesterfield, NJ $146,526

Florence, NJ $146,318

Hightstown, NJ $148,118

Hopewell, NJ $149,179

Imlaystown, NJ $147,338

Jackson, NJ $146,898

Kingston, NJ $150,817

Lambertville, NJ $146,770

New Egypt, NJ $145,943

Pennington, NJ $147,073

Plainsboro, NJ $149,019

Princeton, NJ $149,375

Skillman, NJ $150,868

Stockton, NJ $146,371

Titusville, NJ $146,752

Windsor, NJ $147,496

Wrightstown, NJ $146,228

Trenton, NJ $146,604

Fort Dix, NJ $145,785

Lawrence Township, NJ $146,839

Lakewood, NJ $146,350

Allenwood, NJ $147,415

Bayville, NJ $144,206

Beachwood, NJ $144,590

Brick, NJ $145,633

Brielle, NJ $146,682

Forked River, NJ $143,845

Island Heights, NJ $144,382

Lakehurst, NJ $146,057

Lanoka Harbor, NJ $143,491

Lavallette, NJ $144,931

Manasquan, NJ $146,864

Mantoloking, NJ $145,342

Normandy Beach, NJ $144,952

Ocean Gate, NJ $144,140

Pine Beach, NJ $144,494

Point Pleasant Beach, NJ $146,233

Sea Girt, NJ $147,042

Seaside Heights, NJ $143,899

Seaside Park, NJ $142,704

Toms River, NJ $144,812

Waretown, NJ $142,967

Manchester Township, NJ $145,356

Annandale, NJ $149,970

Asbury, NJ $145,594

Baptistown, NJ $146,483

Bloomsbury, NJ $143,029

Bound Brook, NJ $152,187

Bridgewater, NJ $151,991

Broadway, NJ $144,581

Clinton, NJ $148,983

Dayton, NJ $151,459

Dunellen, NJ $152,290

East Brunswick, NJ $152,361

Edison, NJ $152,340

Flagtown, NJ $151,964

Flemington, NJ $150,633

Franklin Park, NJ $152,101

Kendall Park, NJ $151,990

Frenchtown, NJ $145,731

Glen Gardner, NJ $148,472

Hampton, NJ $147,460

Helmetta, NJ $151,880

High Bridge, NJ $149,592

Iselin, NJ $152,066

Monroe Township, NJ $150,927

Keasbey, NJ $152,156

Lebanon, NJ $151,291

Little York, NJ $144,883

Manville, NJ $152,012

Martinsville, NJ $152,126

Metuchen, NJ $152,112

Princeton Junction, NJ $147,483

Ringoes, NJ $149,967

Rocky Hill, NJ $151,138

Roebling, NJ $146,372

Bayonne, NJ $153,817

Bloomfield, NJ $153,960

Fairfield, NJ $154,047

Boonton, NJ $152,767

Caldwell, NJ $154,009

Carteret, NJ $152,298

Cedar Grove, NJ $154,221

Cliffside Park, NJ $155,157

Clifton, NJ $154,384

Cranford, NJ $152,533

East Orange, NJ $153,198

Edgewater, NJ $155,135

Essex Fells, NJ $153,884

Fairview, NJ $155,090

Fanwood, NJ $152,314

Fort Lee, NJ $154,600

Garfield, NJ $154,371

Garwood, NJ $152,397

Glen Ridge, NJ $153,790

Harrison, NJ $153,033

Hoboken, NJ $156,366

North Arlington, NJ $153,924

Kearny, NJ $153,384

Kenilworth, NJ $152,870

Lake Hiawatha, NJ $153,336

Lincoln Park, NJ $154,115

Linden, NJ $152,513

Livingston, NJ $153,502

Maplewood, NJ $153,196

Millburn, NJ $153,165

Montclair, NJ $153,893

Verona, NJ $154,024

Montville, NJ $153,521

Mountain Lakes, NJ $152,399

North Bergen, NJ $155,835

Orange, NJ $153,249

West Orange, NJ $153,494

Parsippany, NJ $152,948

Passaic, NJ $154,388

Wallington, NJ $154,385

Pine Brook, NJ $153,869

Warren, NJ $152,287

Plainfield, NJ $152,267

Port Reading, NJ $152,166

Rahway, NJ $152,137

Clark, NJ $152,150

Colonia, NJ $152,069

Roseland, NJ $153,761

Watchung, NJ $152,372

Rutherford, NJ $154,380

Lyndhurst, NJ $154,255

Carlstadt, NJ $154,511

East Rutherford, NJ $154,466

Moonachie, NJ $154,422

Wood Ridge, NJ $154,369

Scotch Plains, NJ $152,247

Sewaren, NJ $152,139

Short Hills, NJ $153,248

South Orange, NJ $153,225

South Plainfield, NJ $152,219

Springfield, NJ $152,901

Towaco, NJ $153,753

Union, NJ $153,077

Weehawken, NJ $156,366

Union City, NJ $156,260

Vauxhall, NJ $153,158

Westfield, NJ $152,374

Mountainside, NJ $152,657

West New York, NJ $156,163

Secaucus, NJ $155,223

Woodbridge, NJ $152,079

Jersey City, NJ $155,409

Newark, NJ $153,017

Belleville, NJ $153,734

Nutley, NJ $154,287

Irvington, NJ $153,094

Avenel, NJ $152,103

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	$220,885	$106.0	50%
Aerospace & Defense	$191,433	$92.0	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.

$135,871

Average $147,256/year

$162,941

$11,323

Average $12,271/month

$13,578

$2,613

Average $2,832/week

$3,133

$65

Average $71/hour

$78

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$162,941	$13,578	$3,133	$78
Average	$147,256	$12,271	$2,832	$71
25th Percentile	$135,871	$11,323	$2,613	$65

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.

Lyneer Staffing Solutions | Hoboken, NJ

Business Development Manager

Lyneer Staffing Solutions | Hoboken, NJ

Our client is looking for a Business Development Manager near Hoboken, NJ.This is a Remote position that requires less then 10% of business travel outside ... more

16 Days Ago
Galaxy Surfactants Americas | Denville, NJ

Business Development Manager

Galaxy Surfactants Americas | Denville, NJ

Job Description. Job Description. Summary. Research and identify equipment needs to drive process improvements. Oversee and manage Capital Expenditures (CA... more

16 Days Ago
Scale Microgrid Solutions | Ridgewood, NJ

Senior Business Development Manager

Scale Microgrid Solutions | Ridgewood, NJ

Job Description. Job Description. The Role. We are looking for a top-performing sales professional in the renewable energy space with deep connections in F... more

16 Days Ago
Mondo | Pennsauken, NJ

Business Development Manager

Mondo | Pennsauken, NJ

Job Description. Job Description. Apply now: Business Development Manager - Sign Graphics (NE Territory), Field-based (NJ or Philadelphia metro area prefer... more

17 Days Ago
PuroClean of Morristown/Parsippany | Livingston, NJ

Business Development Manager

PuroClean of Morristown/Parsippany | Livingston, NJ

Job Description. Job Description. Benefits. Health insurance. Opportunity for advancement. Paid time off. Profit sharing. Company car. Competitive salary. ... more

17 Days Ago
SERVPRO of Hoboken/Union City | Cliffwood, NJ

Business development Manager

SERVPRO of Hoboken/Union City | Cliffwood, NJ

Job Description. Job Description. Benefits. 401(k) matching. Company car. Competitive salary. Dental insurance. Opportunity for advancement. Paid time off.... more

18 Days Ago

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Insurance Business Development Manager Salary in New Jersey

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Insurance Business Development Manager Salary in New Jersey

Check out Insurance Business Development Manager Job Openings in New Jersey

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

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