Average Business Development Executive Salary in Canada for 2024

In this article, we will look at the average Business Development Executive salary for 2024 in Canada and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Canadian dollar. To keep things simple, we are using the CAD currency code instead of the currency symbol $.

How Much Does a Business Development Executive Make in Canada?

A Business Development Executive working in Canada will typically earn around 152,900 CAD per year, and this can range from the lowest average salary of about 83,400 CAD to the highest average salary of 229,600 CAD.

Average Annual Salary
152,900 CAD
Average Monthly Salary
12,741 CAD

Lowest Annual Salary
83,400 CAD
Lowest Monthly Salary
6,950 CAD

Highest Annual Salary
229,600 CAD
Highest Monthly Salary
19,133 CAD

These are average salaries for a Business Development Executive in Canada and include benefits such as housing and transport. It's also possible for a Business Development Executive to earn more or less than the average salaries shown above.

Business Development Executive salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Business Development Executive Salaries in Canada

So we've looked at the average salaries a Business Development Executive will earn in Canada. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Development Executive can earn between 83,400 CAD and 229,600 CAD on average in Canada. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Business Development Executive in Canada is 142,100 CAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 142,100 CAD, and 50% of the population earn more than 142,100 CAD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Business Development Executive salary in Canada, 25% of the population are earning less than 100,700 CAD while 75% of the population earn more than 100,700 CAD.

75% of the population earn less than 171,300 CAD, and 25% of the population earn more than 171,300 CAD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Business Development Executive Salary by Experience Level in Canada

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average business development executive salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Business Development Executive in Canada that has less than two years of experience can expect to earn somewhere in the region of 94,300 CAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Executive salary would increase to 121,800 CAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Executive, the average salary would be 160,700 CAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 189,800 CAD.
  • 15 - 20 Years Experience. A Business Development Executive with 15 to 20 years of experience can earn an average of 206,300 CAD.
  • 20+ Years Experience. For a Business Development Executive with more than 20 years, the expected average salary increases to 222,300 CAD.

Average Salary by Experience Chart

0-2 Years
94,300 CAD
2-5 Years +26%
121,800 CAD
5-10 Years +32%
160,700 CAD
10-15 Years +18%
189,800 CAD
15-20 Years +11%
206,300 CAD
20+ Years +6%
222,300 CAD

Business Development Executive Salary by Education Level in Canada

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Business Development Executive in Canada based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Business Development Executive in Canada with a high school education can earn an average salary of 115,600 CAD.

  • Certificate or Diploma. A Business Development Executive in Canada with a certificate or diploma education can earn an average salary of 130,400 CAD.

  • Bachelor's Degree. A Business Development Executive in Canada with a bachelor's degree education can earn an average salary of 172,100 CAD.

  • Master's Degree. A Business Development Executive in Canada with a master's degree education can earn an average salary of 216,300 CAD.

Average Salary by Education Chart

High School
115,600 CAD
Certificate or Diploma +13%
130,400 CAD
Bachelor's Degree +32%
172,100 CAD
Master's Degree +24%
216,300 CAD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Canada is around 49,800 to 149,000 CAD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Business Development Executive Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Canada, a male business development executive will earn an average of 156,200 CAD, while a female business development executive will earn around 151,800 CAD.

This means that a male business development executive earns approximately 3% more than a female business development executive for performing the same job.

Average Salary by Gender Chart in Canada

Male
156,200 CAD
Female -3%
151,800 CAD

Business Development Executive Average Pay Raise in Canada

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Business Development Executive in Canada is around 14% every 14 months.

The national average pay raise across all professions and industries in Canada is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 14 ÷ 14 ) × 12  = 12%

What this means is that a Business Development Executive in Canada can expect to receive an average pay raise of around 12% every 12 months.

Annual Pay Raise by Industry in Canada for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Canada.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Business Development Executive Bonus and Incentive Rates in Canada

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Business Development Executive is a high bonus based job, with 79% of employees reporting at least one bonus in the last 12 months.

21% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 7%.

Received Bonus
79%
No Bonus
21%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Canada earn approximately 6% more than private sector employees in the same role.

Public Sector
123,000 CAD
Private Sector -6%
115,600 CAD

Salaries for Jobs Similar to a Business Development Executive

In the table below, we have salary information for jobs that are similar to a Business Development Executive in Canada.

Job Title Category Salary
Assistant Business Development Manager Business Planning 166,600 CAD
Assistant Merchandise Planner Business Planning 95,300 CAD
Business Advisor Business Planning 151,800 CAD
Business Analyst Business Planning 152,700 CAD
Business Consultant Business Planning 142,100 CAD
Business Continuity Associate Business Planning 88,500 CAD
Business Developer Business Planning 99,100 CAD
Business Development Analyst Business Planning 107,700 CAD
Business Development Associate Business Planning 76,000 CAD
Business Development Coordinator Business Planning 87,300 CAD
Business Development Director Business Planning 216,300 CAD
Business Development Engineer Business Planning 114,600 CAD
Business Development Manager Business Planning 190,400 CAD
Business Development Specialist Business Planning 142,300 CAD
Business Manager Business Planning 163,800 CAD
Business Operations Specialist Business Planning 141,000 CAD
Business Process Writer Business Planning 87,500 CAD
Business Systems Analyst Business Planning 151,800 CAD
Capacity Planner Business Planning 109,700 CAD
Capacity Planning Supervisor Business Planning 138,700 CAD
Change Communications Analyst Business Planning 132,000 CAD
Change Control Analyst Business Planning 142,100 CAD
Change Impact Analyst Business Planning 146,900 CAD
Contracts Executive Business Planning 146,700 CAD
Corporate Strategy Analyst Business Planning 156,200 CAD
Cost Control Engineer Business Planning 95,100 CAD
Cost Controller Business Planning 108,200 CAD
Cost Estimator Business Planning 95,100 CAD
Data Executive Business Planning 80,900 CAD
Data Manager Business Planning 111,700 CAD
Data Processing Manager Business Planning 130,400 CAD
Development Researcher Business Planning 111,700 CAD
Director of Business Development Business Planning 216,300 CAD
Director of Production Planning Business Planning 184,700 CAD
Due Diligence Analyst Business Planning 163,800 CAD
Estimating Manager Business Planning 164,100 CAD
General Manager Business Planning 180,500 CAD
Incident Handler Business Planning 99,900 CAD
Incident Specialist Business Planning 128,200 CAD
Lean Consultant Business Planning 115,600 CAD
Manager Business Planning 205,700 CAD
Marketing and Business Development Manager Business Planning 183,900 CAD
Materials Planner Business Planning 61,700 CAD
Merchandise Assistant Business Planning 64,800 CAD
Merchandise Controller Business Planning 60,100 CAD
Merchandise Planner Business Planning 63,200 CAD
Operations Analyst Business Planning 140,700 CAD
Operations Manager Business Planning 150,100 CAD
Operations Research Analyst Business Planning 93,900 CAD
Planning and Reporting Manager Business Planning 161,300 CAD
Planning Director Business Planning 200,600 CAD
Project Administrator Business Planning 94,000 CAD
Project Manager Business Planning 146,900 CAD
Project Planner Business Planning 95,300 CAD
Research Assistant Business Planning 83,000 CAD
Research Engineer Business Planning 95,100 CAD
Research Officer Business Planning 71,400 CAD
Risk Management Specialist Business Planning 139,100 CAD
Scholarship Coordinator Business Planning 73,100 CAD
Store Planner Business Planning 76,000 CAD
Strategy Director Business Planning 199,700 CAD
Top Research and Development Executive Business Planning 222,300 CAD

Salary Comparison by City

If you want to compare salaries with different cities in Canada, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Brampton 152,900 CAD
Calgary 171,300 CAD
Edmonton 152,700 CAD
Gatineau 146,900 CAD
Halifax 142,300 CAD
Hamilton 152,700 CAD
Kitchener 152,900 CAD
Markham 150,100 CAD
Mississauga 158,900 CAD
Montreal 172,300 CAD
Ottawa 158,900 CAD
Quebec 160,600 CAD
Regina 137,100 CAD
Richmond 138,700 CAD
Saskatoon 138,700 CAD
Surrey 151,800 CAD
Toronto 163,800 CAD
Vancouver 164,100 CAD
Vaughan 148,300 CAD
Windsor 147,900 CAD
Winnipeg 163,500 CAD

Salary Comparison by State

The table below includes links to the average salary for each state in Canada.

City Average Salary
Alberta 164,100 CAD
British Columbia 163,800 CAD
Manitoba 157,600 CAD
New Brunswick 148,300 CAD
Newfoundland-Labrador 142,300 CAD
Northwest Territories 160,600 CAD
Nova Scotia 153,800 CAD
Nunavut 167,100 CAD
Ontario 183,900 CAD
Prince Edward Island 142,100 CAD
Quebec 164,100 CAD
Saskatchewan 142,300 CAD
Yukon 130,400 CAD

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