Average Business Development Specialist Salary in Brunei for 2024

In this article, we will look at the average Business Development Specialist salary for 2024 in Brunei 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 Brunei dollar. To keep things simple, we are using the BND currency code instead of the currency symbol $.

How Much Does a Business Development Specialist Make in Brunei?

A Business Development Specialist working in Brunei will typically earn around 47,580 BND per year, and this can range from the lowest average salary of about 22,400 BND to the highest average salary of 75,280 BND.

Average Annual Salary
47,580 BND
Average Monthly Salary
3,965 BND

Lowest Annual Salary
22,400 BND
Lowest Monthly Salary
1,866 BND

Highest Annual Salary
75,280 BND
Highest Monthly Salary
6,273 BND

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

Business Development Specialist 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 Specialist Salaries in Brunei

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

Salary ranges

We already know that a Business Development Specialist can earn between 22,400 BND and 75,280 BND on average in Brunei. 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 Specialist in Brunei is 47,580 BND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 47,580 BND, and 50% of the population earn more than 47,580 BND.

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 Specialist salary in Brunei, 25% of the population are earning less than 30,700 BND while 75% of the population earn more than 30,700 BND.

75% of the population earn less than 60,880 BND, and 25% of the population earn more than 60,880 BND.

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 Specialist Salary by Experience Level in Brunei

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 specialist 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 Specialist in Brunei that has less than two years of experience can expect to earn somewhere in the region of 27,480 BND.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Specialist salary would increase to 39,640 BND.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Specialist, the average salary would be 50,980 BND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 60,020 BND.
  • 15 - 20 Years Experience. A Business Development Specialist with 15 to 20 years of experience can earn an average of 64,200 BND.
  • 20+ Years Experience. For a Business Development Specialist with more than 20 years, the expected average salary increases to 71,700 BND.

Average Salary by Experience Chart

0-2 Years
27,480 BND
2-5 Years +32%
39,640 BND
5-10 Years +34%
50,980 BND
10-15 Years +19%
60,020 BND
15-20 Years +8%
64,200 BND
20+ Years +7%
71,700 BND

Business Development Specialist Salary by Education Level in Brunei

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 Specialist in Brunei 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 Specialist in Brunei with a high school education can earn an average salary of 35,000 BND.

  • Certificate or Diploma. A Business Development Specialist in Brunei with a certificate or diploma education can earn an average salary of 40,040 BND.

  • Bachelor's Degree. A Business Development Specialist in Brunei with a bachelor's degree education can earn an average salary of 54,280 BND.

  • Master's Degree. A Business Development Specialist in Brunei with a master's degree education can earn an average salary of 71,700 BND.

Average Salary by Education Chart

High School
35,000 BND
Certificate or Diploma +14%
40,040 BND
Bachelor's Degree +36%
54,280 BND
Master's Degree +26%
71,700 BND

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 Brunei is around 16,100 to 48,200 BND 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 Specialist 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 Brunei, a male business development specialist will earn an average of 49,300 BND, while a female business development specialist will earn around 45,000 BND.

This means that a male business development specialist earns approximately 10% more than a female business development specialist for performing the same job.

Average Salary by Gender Chart in Brunei

Male
49,300 BND
Female -10%
45,000 BND

Business Development Specialist Average Pay Raise in Brunei

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 Specialist in Brunei is around 10% every 27 months.

The national average pay raise across all professions and industries in Brunei 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 = ( 10 ÷ 27 ) × 12  = 4%

What this means is that a Business Development Specialist in Brunei can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Brunei for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Business Development Specialist Bonus and Incentive Rates in Brunei

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 Specialist is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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 8%.

Received Bonus
63%
No Bonus
37%

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

Public Sector
38,620 BND
Private Sector -6%
36,580 BND

Salaries for Jobs Similar to a Business Development Specialist

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 52,300 BND
Assistant Merchandise Planner Business Planning 28,860 BND
Business Advisor Business Planning 48,760 BND
Business Analyst Business Planning 49,020 BND
Business Consultant Business Planning 47,180 BND
Business Continuity Associate Business Planning 26,860 BND
Business Developer Business Planning 31,400 BND
Business Development Analyst Business Planning 35,340 BND
Business Development Associate Business Planning 23,700 BND
Business Development Coordinator Business Planning 26,780 BND
Business Development Director Business Planning 67,320 BND
Business Development Engineer Business Planning 38,620 BND
Business Development Executive Business Planning 49,700 BND
Business Development Manager Business Planning 61,620 BND
Business Manager Business Planning 58,200 BND
Business Operations Specialist Business Planning 45,720 BND
Business Process Writer Business Planning 25,660 BND
Business Systems Analyst Business Planning 52,460 BND
Capacity Planner Business Planning 34,360 BND
Capacity Planning Supervisor Business Planning 43,520 BND
Change Communications Analyst Business Planning 44,180 BND
Change Control Analyst Business Planning 46,280 BND
Change Impact Analyst Business Planning 48,200 BND
Contracts Executive Business Planning 48,140 BND
Corporate Strategy Analyst Business Planning 46,880 BND
Cost Control Engineer Business Planning 34,080 BND
Cost Controller Business Planning 35,300 BND
Cost Estimator Business Planning 29,600 BND
Data Executive Business Planning 22,400 BND
Data Manager Business Planning 37,620 BND
Data Processing Manager Business Planning 44,300 BND
Development Researcher Business Planning 38,260 BND
Director of Business Development Business Planning 67,320 BND
Director of Production Planning Business Planning 58,280 BND
Due Diligence Analyst Business Planning 50,980 BND
Estimating Manager Business Planning 53,600 BND
General Manager Business Planning 56,640 BND
Incident Handler Business Planning 31,520 BND
Incident Specialist Business Planning 42,460 BND
Lean Consultant Business Planning 36,940 BND
Manager Business Planning 63,700 BND
Marketing and Business Development Manager Business Planning 59,240 BND
Materials Planner Business Planning 23,520 BND
Merchandise Assistant Business Planning 21,020 BND
Merchandise Controller Business Planning 19,480 BND
Merchandise Planner Business Planning 19,380 BND
Operations Analyst Business Planning 44,180 BND
Operations Manager Business Planning 52,540 BND
Operations Research Analyst Business Planning 26,400 BND
Planning and Reporting Manager Business Planning 50,240 BND
Planning Director Business Planning 62,460 BND
Project Administrator Business Planning 31,660 BND
Project Manager Business Planning 52,540 BND
Project Planner Business Planning 27,480 BND
Research Assistant Business Planning 25,160 BND
Research Engineer Business Planning 32,020 BND
Research Officer Business Planning 25,940 BND
Risk Management Specialist Business Planning 48,160 BND
Scholarship Coordinator Business Planning 22,340 BND
Store Planner Business Planning 22,420 BND
Strategy Director Business Planning 69,240 BND
Top Research and Development Executive Business Planning 66,180 BND

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