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 $164,620 for beginners, reaching about $130,395 at mid-level, and approach $207,731 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: $253,411; Insurance Actuary Manager: $172,170; Insurance Product Development Senior Manager: $169,061; Business Development Manager - Biotech: $136,739; Business Development Manager: $132,310.

Insurance Business Development Manager Salary in Vermont

How much does an Insurance Business Development Manager make in Vermont? As of September 01, 2026, the average salary for an Insurance Business Development Manager in Vermont is $133,345 per year, which breaks down to an hourly rate of $64.

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

Top Earners (90th percentile): $160,401
Majority Range (25th-75th percentile): $123,020 to $147,507
Entry-Level (10th percentile): $113,620

10% $113,620

50% (Median) $133,345

90% $160,401

Insurance Business Development Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$147,507	$12,292	$2,837	$71
Average	$133,345	$11,112	$2,564	$64
25th Percentile	$123,020	$10,252	$2,366	$59

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

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Check out Insurance Business Development Manager Job Openings in Vermont

Business Development Center Representative

Aldermans Toyota – Rutland, VT

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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): $164,620
Early Career (1-2 years): $112,916
Mid-Level (2-4 years): $130,395
Senior-Level (5-8 years): $171,529
Expert (over 8 years): $207,731

Job Role	Years of Experience	Average Salary
Business Development Associate V	less than 1 year	$164,620
Business Development Supervisor	1-2 years	$112,916
Insurance Business Development Manager	2-4 years	$130,395
Business Development Manager, Sr.	5-8 years	$171,529
Business Development Director	over 8 years	$207,731

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:

Adamant: $136,490
Barre: $136,695
Cabot: $136,395

Adamant, VT $136,490

Barre, VT $136,695

Cabot, VT $136,395

Calais, VT $136,514

East Barre, VT $136,487

East Calais, VT $136,490

East Montpelier, VT $136,581

Eden, VT $136,400

Eden Mills, VT $136,276

Graniteville, VT $136,687

Hyde Park, VT $136,601

Johnson, VT $136,774

Lake Elmore, VT $136,449

Marshfield, VT $136,418

Moretown, VT $136,783

Morrisville, VT $136,767

Moscow, VT $136,836

Northfield, VT $136,616

Northfield Falls, VT $137,255

North Hyde Park, VT $136,592

North Montpelier, VT $136,454

Plainfield, VT $136,435

Roxbury, VT $136,204

South Barre, VT $136,854

Waterbury, VT $136,823

Stowe, VT $136,842

Waitsfield, VT $136,766

Warren, VT $136,510

Washington, VT $136,244

Waterbury Center, VT $136,819

Websterville, VT $136,665

Williamstown, VT $136,506

Wolcott, VT $136,431

Woodbury, VT $136,297

Worcester, VT $136,433

Rutland, VT $136,429

Belmont, VT $136,007

Benson, VT $136,006

Bomoseen, VT $136,221

Brandon, VT $136,321

Bridport, VT $136,336

Castleton, VT $136,247

Center Rutland, VT $136,340

Chittenden, VT $136,026

Cuttingsville, VT $135,979

Danby, VT $136,211

East Middlebury, VT $136,411

East Poultney, VT $136,226

East Wallingford, VT $136,078

Fair Haven, VT $136,127

Florence, VT $136,079

Forest Dale, VT $136,327

Gaysville, VT $135,461

Granville, VT $136,101

Hancock, VT $136,079

Hydeville, VT $136,237

Killington, VT $136,065

Middlebury, VT $136,622

Middletown Springs, VT $136,153

Mount Holly, VT $136,026

North Clarendon, VT $136,226

Orwell, VT $136,211

Pawlet, VT $136,260

Pittsfield, VT $136,143

Pittsford, VT $136,274

Poultney, VT $136,248

Proctor, VT $136,399

Ripton, VT $136,241

Rochester, VT $136,170

Rupert, VT $136,157

Salisbury, VT $136,374

Shoreham, VT $136,259

Stockbridge, VT $136,017

Wallingford, VT $136,090

Wells, VT $136,266

West Pawlet, VT $136,312

West Rupert, VT $136,279

West Rutland, VT $136,196

Whiting, VT $136,264

Saint Johnsbury, VT $136,411

Albany, VT $136,332

Barnet, VT $136,266

Barton, VT $136,317

Beebe Plain, VT $136,358

Concord, VT $136,137

Coventry, VT $136,517

Craftsbury, VT $136,372

Craftsbury Common, VT $136,378

Danville, VT $136,295

Derby, VT $136,358

Derby Line, VT $136,256

East Burke, VT $136,252

East Charleston, VT $136,266

East Hardwick, VT $136,339

East Haven, VT $135,954

East Saint Johnsbury, VT $136,408

Glover, VT $136,276

Granby, VT $135,787

Greensboro, VT $136,230

Greensboro Bend, VT $136,317

Hardwick, VT $136,468

Irasburg, VT $136,283

Island Pond, VT $136,060

Lowell, VT $136,237

Lower Waterford, VT $136,393

Lyndon, VT $136,369

Lyndon Center, VT $136,522

Lyndonville, VT $136,374

Morgan, VT $136,128

Newport, VT $136,439

Newport Center, VT $136,266

North Concord, VT $135,910

North Troy, VT $136,285

Orleans, VT $136,233

Passumpsic, VT $136,419

Peacham, VT $136,145

Saint Johnsbury Center, VT $136,423

Sheffield, VT $136,181

Sutton, VT $136,170

Troy, VT $136,298

West Burke, VT $136,261

West Charleston, VT $136,198

West Danville, VT $136,304

Westfield, VT $136,195

West Glover, VT $136,289

Averill, VT $135,495

Beecher Falls, VT $136,374

Canaan, VT $136,035

Gilman, VT $136,634

Guildhall, VT $135,855

Lunenburg, VT $136,151

Norton, VT $135,767

North Bennington, VT $137,283

North Pownal, VT $137,560

Pownal, VT $137,638

White River Junction, VT $136,393

Ascutney, VT $136,457

Barnard, VT $136,084

Bethel, VT $136,168

Bradford, VT $136,310

Bridgewater, VT $136,223

Bridgewater Corners, VT $135,953

Brookfield, VT $136,301

Brownsville, VT $136,226

Chelsea, VT $136,222

Corinth, VT $136,185

East Corinth, VT $136,242

East Randolph, VT $136,268

East Ryegate, VT $136,150

East Thetford, VT $136,319

Fairlee, VT $136,172

Groton, VT $136,209

Hartford, VT $136,748

Hartland, VT $136,270

Hartland Four Corners, VT $136,264

Mc Indoe Falls, VT $136,615

Newbury, VT $136,192

North Hartland, VT $136,366

North Pomfret, VT $136,132

North Thetford, VT $136,316

Norwich, VT $136,289

Plymouth, VT $135,855

Post Mills, VT $136,286

Quechee, VT $136,427

Randolph, VT $136,403

Randolph Center, VT $136,334

Reading, VT $135,968

Sharon, VT $136,165

South Pomfret, VT $136,035

South Royalton, VT $136,204

South Ryegate, VT $136,232

South Strafford, VT $136,198

South Woodstock, VT $136,002

Strafford, VT $136,079

Taftsville, VT $136,438

Thetford, VT $136,319

Thetford Center, VT $136,176

Topsham, VT $136,135

Tunbridge, VT $136,161

Vershire, VT $136,097

Wells River, VT $136,241

West Fairlee, VT $136,491

West Hartford, VT $136,135

West Newbury, VT $136,188

West Topsham, VT $136,244

Wilder, VT $136,755

Windsor, VT $136,325

Woodstock, VT $136,158

Bellows Falls, VT $136,655

Cambridgeport, VT $136,499

Cavendish, VT $136,045

Chester, VT $136,181

Chester Depot, VT $136,132

Grafton, VT $136,078

Londonderry, VT $136,323

Ludlow, VT $136,116

North Springfield, VT $136,592

Perkinsville, VT $136,221

Peru, VT $136,180

Proctorsville, VT $136,069

Saxtons River, VT $136,627

South Londonderry, VT $136,407

Springfield, VT $136,525

Westminster, VT $136,654

Westminster Station, VT $136,664

Weston, VT $136,040

Shaftsbury, VT $137,120

Brattleboro, VT $136,934

Bondville, VT $136,367

East Dover, VT $136,645

Jacksonville, VT $136,988

Jamaica, VT $136,370

Marlboro, VT $137,612

Newfane, VT $136,555

Putney, VT $136,526

Readsboro, VT $137,628

South Newfane, VT $136,603

Stamford, VT $137,529

Townshend, VT $136,431

Vernon, VT $137,352

Wardsboro, VT $136,530

West Dover, VT $136,755

West Dummerston, VT $136,589

West Halifax, VT $136,799

West Townshend, VT $136,248

West Wardsboro, VT $136,251

Whitingham, VT $136,939

Williamsville, VT $136,589

Wilmington, VT $136,857

Burlington, VT $137,230

South Burlington, VT $137,222

Winooski, VT $137,230

Colchester, VT $137,230

Alburgh, VT $136,545

Bakersfield, VT $136,748

Belvidere Center, VT $136,252

Bristol, VT $136,776

Cambridge, VT $136,939

Charlotte, VT $137,044

East Berkshire, VT $136,616

East Fairfield, VT $136,820

Enosburg Falls, VT $136,442

Essex, VT $137,126

Essex Junction, VT $137,135

Fairfax, VT $136,949

Fairfield, VT $136,817

Ferrisburgh, VT $136,892

Franklin, VT $136,450

Grand Isle, VT $136,963

Highgate Center, VT $136,566

Highgate Springs, VT $136,635

Hinesburg, VT $137,041

Huntington, VT $136,938

Isle La Motte, VT $136,715

Jeffersonville, VT $136,847

Jericho, VT $137,011

Jonesville, VT $137,040

Milton, VT $137,077

Monkton, VT $136,931

Montgomery, VT $136,442

Montgomery Center, VT $136,276

New Haven, VT $136,760

North Ferrisburgh, VT $136,953

North Hero, VT $136,817

Richford, VT $136,419

Richmond, VT $137,026

Saint Albans, VT $136,878

Saint Albans Bay, VT $136,861

Shelburne, VT $137,169

Sheldon, VT $136,715

Sheldon Springs, VT $137,051

South Hero, VT $137,086

Starksboro, VT $136,857

Swanton, VT $136,691

Underhill, VT $136,980

Underhill Center, VT $136,984

Vergennes, VT $136,718

Waterville, VT $136,764

Westford, VT $137,048

Williston, VT $137,151

Montpelier, VT $136,673

Bennington, VT $137,384

Arlington, VT $136,900

Dorset, VT $136,367

East Arlington, VT $136,316

East Dorset, VT $136,370

Manchester, VT $136,738

Manchester Center, VT $136,649

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	$200,017	$96.0	50%
Aerospace & Defense	$173,348	$83.0	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.

$123,020

Average $133,345/year

$147,507

$10,252

Average $11,112/month

$12,292

$2,366

Average $2,564/week

$2,837

$59

Average $64/hour

$71

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$147,507	$12,292	$2,837	$71
Average	$133,345	$11,112	$2,564	$64
25th Percentile	$123,020	$10,252	$2,366	$59

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.

Solesence | ALMONT, CO

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Insurance Business Development Manager Salary in Vermont

Check out Insurance Business Development Manager Job Openings in Vermont

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

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Where Does Our Salary Data Come From?

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Insurance Business Development Manager Salary in Vermont

Check out Insurance Business Development Manager Job Openings in Vermont

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

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