State Farm Insurance Business Development Manager Salaries in Bloomington, IL | 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 Bloomington, IL

The average State Farm Insurance Business Development Manager in Bloomington, IL earns an estimated $156,393 annually, which includes an estimated base salary of $124,926 with a $31,467 bonus. State Farm Insurance's Business Development Manager compensation is $24,252 more than the US average for a Business Development Manager. Business Development Manager salaries at State Farm Insurance in Bloomington, IL can range from $55,000 - $306,000.

In Bloomington, IL, The Business Development Department at State Farm Insurance earns $7,718 more on average than the Sales Department.

Last updated 6 days ago.

$30k
$55k
$80k
$105k
$22.22M
$156,393
Average Compensation
$124,926
avg. base
$31,467
avg. bonus

Business Development Manager Salaries at State Farm Insurance

In Bloomington, IL, Business Development Managers earn $2,859 more than Business Development Managers, and $51,018 less than Directors of Business Development.

Director of Business Development
$207k*
Business Development Manager
$154k*
Account Manager
$118k*
Account Executive
$107k*
* estimated salary

Compensation at State Farm Insurance by Department

In Bloomington, IL, The Business Development Department averages $7,718 more than the Sales Department, and $11,747 less than the Engineering Department

Engineering
$136,313 Avg. total comp.
+$12k
Business Development
$124,566 Avg. total comp.
Sales
$116,848 Avg. total comp.
-$8k

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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