State Farm Insurance Business Development Manager Salaries in Baltimore, MD | Comparably
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At State Farm®, our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. We are passionate and driven to create possibilities, and we’re serious about being here to help life go right™ for customers by providing solutions for all of life’s moments. read more
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State Farm Insurance Business Development Manager Salaries in Baltimore, MD

The average State Farm Insurance Business Development Manager in Baltimore, MD earns an estimated $154,154 annually, which includes an estimated base salary of $137,154 with a $17,000 bonus. State Farm Insurance's Business Development Manager compensation is $22,013 more than the US average for a Business Development Manager. Business Development Manager salaries at State Farm Insurance in Baltimore, MD can range from $79,000 - $243,000.

In Baltimore, MD, The Business Development Department at State Farm Insurance earns $3,535 more on average than the Design Department.

Last updated 6 days ago.

$30k
$55k
$80k
$105k
$22.22M
$154,154
Average Compensation
$137,154
avg. base
$17,000
avg. bonus

Business Development Manager Salaries at State Farm Insurance

In Baltimore, MD, Business Development Managers earn $7,562 more than Business Development Managers, and $23,001 less than Directors of Business Development.

Director of Business Development
$177k*
Business Development Manager
$147k*
Account Manager
$122k*
Account Executive
$107k*
* estimated salary

Compensation at State Farm Insurance by Department

In Baltimore, MD, The Business Development Department averages $3,535 more than the Design Department, and $6,168 less than the IT Department

IT
$98,924 Avg. total comp.
+$6k
Business Development
$92,756 Avg. total comp.
Design
$89,221 Avg. total comp.
-$4k

Business Development Manager Compensation by Gender (All Companies)

The average female Business Development Manager at companies similar size to State Farm Insurance reported making $151,865, while the average male Business Development Manager at similar sized companies reported making $160,499.

Business Development Manager Compensation by Ethnicity (All Companies)

The average Hispanic or Latino Business Development Manager at companies similar size to State Farm Insurance reported making $180,546, while the average African American/Black Business Development Manager at similar sized companies reported making $121,400.

How Business Development Managers at State Farm Insurance Rate Their Compensation

The majority of Business Development Managers at State Farm Insurance believe they're compensated fairly. 70% of Business Development Managers at State Farm Insurance say they receive annual bonuses, and the majority (60%) are satisfied with their benefits. See more compensation ratings at State Farm Insurance

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