State Farm Insurance Business Development Manager Salaries in Chicago | 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 Chicago

The average State Farm Insurance Business Development Manager in Chicago earns an estimated $135,239 annually, which includes an estimated base salary of $104,953 with a $30,286 bonus. State Farm Insurance's Business Development Manager compensation is $3,098 more than the US average for a Business Development Manager. Business Development Manager salaries at State Farm Insurance in Chicago can range from $91,137 - $188,000.

In Chicago, The Business Development Department at State Farm Insurance earns $7,981 more on average than the Finance Department.

Last updated 6 days ago.

$30k
$55k
$80k
$105k
$22.22M
$135,239
Average Compensation
$104,953
avg. base
$30,286
avg. bonus

Business Development Manager Salaries at State Farm Insurance

In Chicago, Business Development Managers earn $18 more than Business Development Managers, and $33,016 less than Directors of Business Development.

Director of Business Development
$168k*
Business Development Manager
$135k*
Account Executive
$107k*
Account Manager
$101k*
* estimated salary

Compensation at State Farm Insurance by Department

In Chicago, The Business Development Department averages $7,981 more than the Finance Department, and $329 less than the Operations Department

Operations
$90,898 Avg. total comp.
+$329
Business Development
$90,569 Avg. total comp.
Finance
$82,588 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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