Average Business Development Specialist Salary in Saudi Arabia for 2024

In this article, we will look at the average Business Development Specialist salary for 2024 in Saudi Arabia 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 Saudi riyal. To keep things simple, we are using the SAR currency code instead of the currency symbol ر.س.

How Much Does a Business Development Specialist Make in Saudi Arabia?

A Business Development Specialist working in Saudi Arabia will typically earn around 233,900 SAR per year, and this can range from the lowest average salary of about 124,400 SAR to the highest average salary of 357,700 SAR.

Average Annual Salary
233,900 SAR
Average Monthly Salary
19,491 SAR

Lowest Annual Salary
124,400 SAR
Lowest Monthly Salary
10,366 SAR

Highest Annual Salary
357,700 SAR
Highest Monthly Salary
29,808 SAR

These are average salaries for a Business Development Specialist in Saudi Arabia 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 Saudi Arabia

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

Salary ranges

We already know that a Business Development Specialist can earn between 124,400 SAR and 357,700 SAR on average in Saudi Arabia. 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 Saudi Arabia is 218,900 SAR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 218,900 SAR, and 50% of the population earn more than 218,900 SAR.

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 Saudi Arabia, 25% of the population are earning less than 157,600 SAR while 75% of the population earn more than 157,600 SAR.

75% of the population earn less than 273,300 SAR, and 25% of the population earn more than 273,300 SAR.

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 Saudi Arabia

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 Saudi Arabia that has less than two years of experience can expect to earn somewhere in the region of 143,200 SAR.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Specialist salary would increase to 176,800 SAR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Specialist, the average salary would be 251,500 SAR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 292,000 SAR.
  • 15 - 20 Years Experience. A Business Development Specialist with 15 to 20 years of experience can earn an average of 319,600 SAR.
  • 20+ Years Experience. For a Business Development Specialist with more than 20 years, the expected average salary increases to 340,000 SAR.

Average Salary by Experience Chart

0-2 Years
143,200 SAR
2-5 Years +23%
176,800 SAR
5-10 Years +42%
251,500 SAR
10-15 Years +17%
292,000 SAR
15-20 Years +10%
319,600 SAR
20+ Years +6%
340,000 SAR

Business Development Specialist Salary by Education Level in Saudi Arabia

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 Saudi Arabia 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 Saudi Arabia with a high school education can earn an average salary of 172,200 SAR.

  • Certificate or Diploma. A Business Development Specialist in Saudi Arabia with a certificate or diploma education can earn an average salary of 195,200 SAR.

  • Bachelor's Degree. A Business Development Specialist in Saudi Arabia with a bachelor's degree education can earn an average salary of 258,400 SAR.

  • Master's Degree. A Business Development Specialist in Saudi Arabia with a master's degree education can earn an average salary of 340,000 SAR.

Average Salary by Education Chart

High School
172,200 SAR
Certificate or Diploma +13%
195,200 SAR
Bachelor's Degree +31%
258,400 SAR
Master's Degree +32%
340,000 SAR

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 Saudi Arabia is around 83,500 to 251,000 SAR 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 Saudi Arabia, a male business development specialist will earn an average of 246,500 SAR, while a female business development specialist will earn around 216,800 SAR.

This means that a male business development specialist earns approximately 14% more than a female business development specialist for performing the same job.

Average Salary by Gender Chart in Saudi Arabia

Male
246,500 SAR
Female -14%
216,800 SAR

Business Development Specialist Average Pay Raise in Saudi Arabia

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 Saudi Arabia is around 13% every 16 months.

The national average pay raise across all professions and industries in Saudi Arabia is around 8% every 17 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 = ( 13 ÷ 16 ) × 12  = 10%

What this means is that a Business Development Specialist in Saudi Arabia can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Saudi Arabia for 2024

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

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 Specialist Bonus and Incentive Rates in Saudi Arabia

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 high bonus based job, with 77% of employees reporting at least one bonus in the last 12 months.

23% 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 8%.

Received Bonus
77%
No Bonus
23%

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 Saudi Arabia earn approximately 8% more than private sector employees in the same role.

Public Sector
207,800 SAR
Private Sector -8%
192,600 SAR

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 Saudi Arabia.

Job Title Category Salary
Assistant Business Development Manager Business Planning 266,000 SAR
Assistant Merchandise Planner Business Planning 152,100 SAR
Business Advisor Business Planning 237,400 SAR
Business Analyst Business Planning 231,000 SAR
Business Consultant Business Planning 221,500 SAR
Business Continuity Associate Business Planning 139,100 SAR
Business Developer Business Planning 152,100 SAR
Business Development Analyst Business Planning 180,300 SAR
Business Development Associate Business Planning 125,100 SAR
Business Development Coordinator Business Planning 130,400 SAR
Business Development Director Business Planning 345,100 SAR
Business Development Engineer Business Planning 192,000 SAR
Business Development Executive Business Planning 246,500 SAR
Business Development Manager Business Planning 301,700 SAR
Business Manager Business Planning 268,900 SAR
Business Operations Specialist Business Planning 216,800 SAR
Business Process Writer Business Planning 138,200 SAR
Business Systems Analyst Business Planning 239,000 SAR
Capacity Planner Business Planning 172,200 SAR
Capacity Planning Supervisor Business Planning 231,000 SAR
Change Communications Analyst Business Planning 221,500 SAR
Change Control Analyst Business Planning 228,500 SAR
Change Impact Analyst Business Planning 228,500 SAR
Contracts Executive Business Planning 217,900 SAR
Corporate Strategy Analyst Business Planning 232,900 SAR
Cost Control Engineer Business Planning 159,100 SAR
Cost Controller Business Planning 180,300 SAR
Cost Estimator Business Planning 161,300 SAR
Data Executive Business Planning 119,700 SAR
Data Manager Business Planning 176,800 SAR
Data Processing Manager Business Planning 218,900 SAR
Development Researcher Business Planning 185,100 SAR
Director of Business Development Business Planning 327,300 SAR
Director of Production Planning Business Planning 281,500 SAR
Due Diligence Analyst Business Planning 258,400 SAR
Estimating Manager Business Planning 263,200 SAR
General Manager Business Planning 288,700 SAR
Incident Handler Business Planning 158,700 SAR
Incident Specialist Business Planning 192,000 SAR
Lean Consultant Business Planning 183,700 SAR
Manager Business Planning 318,800 SAR
Marketing and Business Development Manager Business Planning 294,700 SAR
Materials Planner Business Planning 105,880 SAR
Merchandise Assistant Business Planning 102,460 SAR
Merchandise Controller Business Planning 99,220 SAR
Merchandise Planner Business Planning 102,620 SAR
Operations Analyst Business Planning 207,800 SAR
Operations Manager Business Planning 240,500 SAR
Operations Research Analyst Business Planning 138,800 SAR
Planning and Reporting Manager Business Planning 263,900 SAR
Planning Director Business Planning 308,900 SAR
Project Administrator Business Planning 152,300 SAR
Project Manager Business Planning 239,300 SAR
Project Planner Business Planning 148,300 SAR
Research Assistant Business Planning 124,400 SAR
Research Engineer Business Planning 142,300 SAR
Research Officer Business Planning 112,180 SAR
Risk Management Specialist Business Planning 233,900 SAR
Scholarship Coordinator Business Planning 115,560 SAR
Store Planner Business Planning 111,860 SAR
Strategy Director Business Planning 312,400 SAR
Top Research and Development Executive Business Planning 330,700 SAR

Salary Comparison by City

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

City Average Salary
Abha 214,000 SAR
Dammam 218,900 SAR
Jeddah 251,500 SAR
Khubar 232,900 SAR
Mecca 238,900 SAR
Medina 228,000 SAR
Riyadh 233,600 SAR
Tabuk 209,700 SAR
Taif 225,700 SAR

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Business Development Specialist Salary in Saudi Arabia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-business-development-specialist-salary-in-saudi-arabia/.

  • "Average Business Development Specialist Salary in Saudi Arabia for 2024". World Salaries, https://worldsalaries.com/average-business-development-specialist-salary-in-saudi-arabia/. Accessed 28 March, 2024

  • Average Business Development Specialist Salary in Saudi Arabia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-business-development-specialist-salary-in-saudi-arabia/.