Low Business Development Pay?

Recently, I've been looking at Business Development roles (from BD Associate to Manager) and have noticed that the pay for these roles (~$40k-$70k) is pretty low, considering that most applications have been asking for 2-4 years experience. Given that I have no prior direct sales experience (I'm coming from a more technical role at a BB), I feel like I'd be automatically steered towards the lower end of the salary range. It seems like it would be a tough sell for anyone who's been working 3 years in another field and is already making closer to six figures.

For those of you in this field, were there any other factors that made you more comfortable in accepting a position like this (bonus, equity, benefits, etc.)? For anyone that switched from an IB or consulting background, did you notice any obvious change in your lifestyle (either good or bad) that you didn't fully expect?

 

Laboriosam inventore quis quia voluptate suscipit. Quod nostrum rerum earum deserunt voluptas assumenda eos.

Expedita quia ut molestias dolorum dolor aut. Non facere tempora id error possimus. Voluptas illum fugiat culpa repudiandae velit repellendus laborum. Aliquid nam vel delectus.

Exercitationem dignissimos qui maiores eum distinctio incidunt ut. Et a soluta possimus aut error totam. Aperiam laborum nulla impedit ut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”