Average Business Development Manager Salary in Andorra for 2024

In this article, we will look at the average Business Development Manager salary for 2024 in Andorra 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Business Development Manager Make in Andorra?

A Business Development Manager working in Andorra will typically earn around 79,360 EUR per year, and this can range from the lowest average salary of about 36,160 EUR to the highest average salary of 125,100 EUR.

Average Annual Salary
79,360 EUR
Average Monthly Salary
6,613 EUR

Lowest Annual Salary
36,160 EUR
Lowest Monthly Salary
3,013 EUR

Highest Annual Salary
125,100 EUR
Highest Monthly Salary
10,425 EUR

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

Business Development Manager 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 Manager Salaries in Andorra

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

Salary ranges

We already know that a Business Development Manager can earn between 36,160 EUR and 125,100 EUR on average in Andorra. 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 Manager in Andorra is 83,300 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 83,300 EUR, and 50% of the population earn more than 83,300 EUR.

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 Manager salary in Andorra, 25% of the population are earning less than 54,180 EUR while 75% of the population earn more than 54,180 EUR.

75% of the population earn less than 113,780 EUR, and 25% of the population earn more than 113,780 EUR.

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 Manager Salary by Experience Level in Andorra

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 manager 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 Manager in Andorra that has less than two years of experience can expect to earn somewhere in the region of 41,660 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Manager salary would increase to 55,140 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Manager, the average salary would be 78,260 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 95,980 EUR.
  • 15 - 20 Years Experience. A Business Development Manager with 15 to 20 years of experience can earn an average of 105,440 EUR.
  • 20+ Years Experience. For a Business Development Manager with more than 20 years, the expected average salary increases to 117,100 EUR.

Average Salary by Experience Chart

0-2 Years
41,660 EUR
2-5 Years +34%
55,140 EUR
5-10 Years +48%
78,260 EUR
10-15 Years +22%
95,980 EUR
15-20 Years +9%
105,440 EUR
20+ Years +8%
117,100 EUR

Business Development Manager Salary by Education Level in Andorra

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 Manager in Andorra 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 Manager in Andorra with a high school education can earn an average salary of 48,300 EUR.

  • Certificate or Diploma. A Business Development Manager in Andorra with a certificate or diploma education can earn an average salary of 58,860 EUR.

  • Bachelor's Degree. A Business Development Manager in Andorra with a bachelor's degree education can earn an average salary of 86,460 EUR.

  • Master's Degree. A Business Development Manager in Andorra with a master's degree education can earn an average salary of 109,340 EUR.

Average Salary by Education Chart

High School
48,300 EUR
Certificate or Diploma +18%
58,860 EUR
Bachelor's Degree +45%
86,460 EUR
Master's Degree +31%
109,340 EUR

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 Andorra is around 19,200 to 57,600 EUR 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 Manager 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 Andorra, a male business development manager will earn an average of 85,880 EUR, while a female business development manager will earn around 69,720 EUR.

This means that a male business development manager earns approximately 23% more than a female business development manager for performing the same job.

Average Salary by Gender Chart in Andorra

Male
85,880 EUR
Female -23%
69,720 EUR

Business Development Manager Average Pay Raise in Andorra

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 Manager in Andorra is around 11% every 28 months.

The national average pay raise across all professions and industries in Andorra is around 5% every 28 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 = ( 11 ÷ 28 ) × 12  = 5%

What this means is that a Business Development Manager in Andorra can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Andorra for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Business Development Manager Bonus and Incentive Rates in Andorra

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 Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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 5% to 9%.

Received Bonus
68%
No Bonus
32%

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 Andorra earn approximately 14% more than private sector employees in the same role.

Public Sector
49,360 EUR
Private Sector -14%
43,360 EUR

Salaries for Jobs Similar to a Business Development Manager

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 59,660 EUR
Assistant Merchandise Planner Business Planning 36,800 EUR
Business Advisor Business Planning 63,380 EUR
Business Analyst Business Planning 60,920 EUR
Business Consultant Business Planning 61,400 EUR
Business Continuity Associate Business Planning 34,280 EUR
Business Developer Business Planning 36,700 EUR
Business Development Analyst Business Planning 41,180 EUR
Business Development Associate Business Planning 32,200 EUR
Business Development Coordinator Business Planning 31,980 EUR
Business Development Director Business Planning 79,240 EUR
Business Development Engineer Business Planning 46,720 EUR
Business Development Executive Business Planning 58,520 EUR
Business Development Specialist Business Planning 57,080 EUR
Business Manager Business Planning 66,120 EUR
Business Operations Specialist Business Planning 54,560 EUR
Business Process Writer Business Planning 34,540 EUR
Business Systems Analyst Business Planning 58,440 EUR
Capacity Planner Business Planning 38,340 EUR
Capacity Planning Supervisor Business Planning 53,660 EUR
Change Communications Analyst Business Planning 53,600 EUR
Change Control Analyst Business Planning 54,140 EUR
Change Impact Analyst Business Planning 54,700 EUR
Contracts Executive Business Planning 61,460 EUR
Corporate Strategy Analyst Business Planning 57,820 EUR
Cost Control Engineer Business Planning 36,700 EUR
Cost Controller Business Planning 43,340 EUR
Cost Estimator Business Planning 38,620 EUR
Data Executive Business Planning 30,700 EUR
Data Manager Business Planning 45,580 EUR
Data Processing Manager Business Planning 50,340 EUR
Development Researcher Business Planning 45,000 EUR
Director of Business Development Business Planning 79,240 EUR
Director of Production Planning Business Planning 68,580 EUR
Due Diligence Analyst Business Planning 63,700 EUR
Estimating Manager Business Planning 60,920 EUR
General Manager Business Planning 67,320 EUR
Incident Handler Business Planning 43,340 EUR
Incident Specialist Business Planning 53,860 EUR
Lean Consultant Business Planning 47,540 EUR
Manager Business Planning 78,620 EUR
Marketing and Business Development Manager Business Planning 69,580 EUR
Materials Planner Business Planning 27,380 EUR
Merchandise Assistant Business Planning 25,660 EUR
Merchandise Controller Business Planning 26,500 EUR
Merchandise Planner Business Planning 24,720 EUR
Operations Analyst Business Planning 55,220 EUR
Operations Manager Business Planning 60,340 EUR
Operations Research Analyst Business Planning 36,700 EUR
Planning and Reporting Manager Business Planning 64,560 EUR
Planning Director Business Planning 75,500 EUR
Project Administrator Business Planning 35,420 EUR
Project Manager Business Planning 61,180 EUR
Project Planner Business Planning 37,740 EUR
Research Assistant Business Planning 33,960 EUR
Research Engineer Business Planning 38,180 EUR
Research Officer Business Planning 32,020 EUR
Risk Management Specialist Business Planning 56,880 EUR
Scholarship Coordinator Business Planning 31,380 EUR
Store Planner Business Planning 30,800 EUR
Strategy Director Business Planning 80,480 EUR
Top Research and Development Executive Business Planning 86,740 EUR

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