Business Development Analyst Average Salary in United Kingdom 2024
How much money does a person working as Business Development Analyst make in United Kingdom?
LOW
31,100
GBP AVERAGE
63,400
GBP HIGH
98,900
GBP
A person working as Business Development Analyst in United Kingdom typically earns around 63,400 GBP. Salaries range from 31,100 GBP (lowest) to 98,900 GBP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Business Development Analyst salaries in United Kingdom vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Business Development Analyst Pay Scale and Salaries in United Kingdom
Salary Structure and Pay Scale Comparison
58,800 GBP or more
51,900 to 58,800 GBP
36,800 GBP or less
36,800 to 51,900 GBP
 31,100 GBP |
59,100 GBP |
98,900 GBP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Business Development Analyst in United Kingdom range from 31,100 GBP (starting salary) to 98,900 GBP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 59,100 GBP, half of the professionals who work as Business Development Analyst in United Kingdom earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Business Development Analyst in United Kingdom earn less than 48,300 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 67,600 GBP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Business Development Analyst in United Kingdom compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 36,800 GBP to 51,900 GBP. About 20% of salaries are below the 36,800 GBP mark, while 10% fall within the range of 51,900 GBP to 58,800 GBP. Only 5% of individuals have salaries exceeding 58,800 GBP.
Salary Comparison by Years of Experience / Business Development Analyst / United Kingdom
How do experience and age affect pay?
| 0 - 2 Years | 36,800 GBP | |
| 2 - 5 Years | +29% | 47,300 GBP |
| 5 - 10 Years | +38% | 65,300 GBP |
| 10 - 15 Years | +24% | 80,900 GBP |
| 15 - 20 Years | +7% | 86,700 GBP |
| 20+ Years | +7% | 92,400 GBP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Business Development Analyst and this is what we found.
Employees with less than two years of experience earn approximately 36,800 GBP.
While someone with an experience level between two and five years is expected to earn 47,300 GBP, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 65,300 GBP, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 80,900 GBP, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 86,700 GBP, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 92,400 GBP, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Business Development Analyst / United Kingdom
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Business Development Analyst.
| High School | 46,000 GBP | |
| Certificate or Diploma | +15% | 52,800 GBP |
| Bachelor's Degree | +35% | 71,100 GBP |
| Master's Degree | +26% | 89,400 GBP |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Business Development Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 46,000 GBP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 52,800 GBP, 15% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 71,100 GBP, 35% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 89,400 GBP, 26% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Business Development Analyst / United Kingdom
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Business Development Analyst in United Kingdom, the average difference between the salary of male and female employees is 4%.
| Male | 64,700 GBP | |
| Female | -4% | 61,900 GBP |
Salary Comparison By Gender in United Kingdom for all Careers
Average Annual Salary Increment Percentage / Business Development Analyst / United Kingdom
How much are annual salary increments in United Kingdom for individuals working as Business Development Analyst? How often do employees get salary raises?
Individuals working as Business Development Analyst in United Kingdom are likely to observe a salary increase of approximately 13% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
United Kingdom / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Business Development Analyst / United Kingdom
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/business-planning/business-development-analyst/annual-salary-bonus-rate-united-kingdom-business-development-analyst.jpg
17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 83% | |
| No Bonus | 17% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Business Development Analyst / United Kingdom
30 GBP per hourThe average hourly wage (pay per hour) for individuals working as Business Development Analyst in United Kingdom is 30 GBP.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Business Development Analyst in United Kingdom is 15 GBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Business Planning |  -100% | |
| Agile Coach | 83,400 GBP |  +32% |
| Assistant Business Development Manager | 96,300 GBP | +52% |
| Assistant Merchandise Planner | 54,000 GBP | -15% |
| Business Advisor | 89,800 GBP | +42% |
| Business Analyst | 91,200 GBP | +44% |
| Business Consultant | 91,300 GBP | +44% |
| Business Continuity Associate | 51,900 GBP | -18% |
| Business Developer | 56,900 GBP | -10% |
| Business Development Analyst | 63,400 GBP | +0% |
| Business Development Associate | 44,500 GBP | -30% |
| Business Development Coordinator | 51,800 GBP | -18% |
| Business Development Director | 127,000 GBP | +100% |
| Business Development Engineer | 72,600 GBP | +15% |
| Business Development Executive | 88,300 GBP | +39% |
| Business Development Manager | 116,000 GBP | +83% |
| Business Development Specialist | 87,500 GBP | +38% |
| Business Manager | 101,000 GBP | +59% |
| Business Operations Specialist | 84,800 GBP | +34% |
| Business Process Writer | 53,100 GBP | -16% |
| Business Systems Analyst | 92,700 GBP | +46% |
| Capacity Planner | 62,800 GBP | -1% |
| Capacity Planning Supervisor | 86,200 GBP | +36% |
| Change Communications Analyst | 80,400 GBP | +27% |
| Change Control Analyst | 84,500 GBP | +33% |
| Change Impact Analyst | 87,800 GBP | +39% |
| Chief Automation Officer | 113,000 GBP | +78% |
| Chief Innovation Officer | 115,000 GBP | +81% |
| Contracts Executive | 84,200 GBP | +33% |
| Corporate Strategy Analyst | 92,300 GBP | +46% |
| Cost Control Engineer | 58,300 GBP | -8% |
| Cost Controller | 67,800 GBP | +7% |
| Cost Estimator | 58,900 GBP | -7% |
| Crisis Management Specialist | 90,400 GBP | +43% |
| Data Executive | 44,900 GBP | -29% |
| Data Manager | 66,700 GBP | +5% |
| Data Processing Manager | 78,300 GBP | +24% |
| Development Researcher | 66,800 GBP | +5% |
| Digital Strategist | 86,300 GBP | +36% |
| Digital Transformation Manager | 95,700 GBP | +51% |
| Director of Business Development | 127,000 GBP | +100% |
| Director of Production Planning | 109,000 GBP | +72% |
| Drop Shipping Consultant | 79,600 GBP | +26% |
| Due Diligence Analyst | 97,000 GBP | +53% |
| Estimating Manager | 92,300 GBP | +46% |
| General Manager | 104,000 GBP | +64% |
| Growth Hacker | 65,100 GBP | +3% |
| Impact Assessment Specialist | 82,700 GBP | +30% |
| Impact Investing Analyst | 76,900 GBP | +21% |
| Incident Handler | 64,400 GBP | +2% |
| Incident Specialist | 73,600 GBP | +16% |
| Lean Consultant | 67,900 GBP | +7% |
| Manager | 122,000 GBP | +93% |
| Marketing and Business Development Manager | 109,000 GBP | +72% |
| Materials Planner | 38,300 GBP | -40% |
| Merchandise Assistant | 36,700 GBP | -42% |
| Merchandise Controller | 37,700 GBP | -41% |
| Merchandise Planner | 39,400 GBP | -38% |
| Online Consultant | 72,900 GBP | +15% |
| Online Reputation Manager | 69,200 GBP | +9% |
| Operations Analyst | 83,400 GBP | +32% |
| Operations Manager | 94,900 GBP | +50% |
| Operations Research Analyst | 54,800 GBP | -14% |
| Planning and Reporting Manager | 92,300 GBP | +46% |
| Planning Director | 121,000 GBP | +91% |
| Product Designer | 66,200 GBP | +4% |
| Product Manager | 71,800 GBP | +13% |
| Project Administrator | 55,100 GBP | -13% |
| Project Manager | 89,100 GBP | +41% |
| Project Planner | 56,100 GBP | -11% |
| Research Assistant | 49,900 GBP | -21% |
| Research Engineer | 56,700 GBP | -11% |
| Research Officer | 44,400 GBP | -30% |
| Risk Management Specialist | 86,100 GBP | +36% |
| Scholarship Coordinator | 44,000 GBP | -31% |
| Store Planner | 42,300 GBP | -33% |
| Strategy Director | 116,000 GBP | +83% |
| Top Research and Development Executive | 128,000 GBP | +100% |
Salary Comparison By State
| State | Average Salary |
| England | 121,000 GBP |
| Northern Ireland | 57,900 GBP |
| Scotland | 88,900 GBP |
| Wales | 60,200 GBP |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Kingdom is 4% on average across all career fields.
| Private Sector | 69,700 GBP | |
| Public Sector | +4% | 72,800 GBP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Business Development Analyst in United Kingdom?
A good and competitive compensation would range anywhere between 59,100 GBP and 67,600 GBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Business Development Analyst in United Kingdom ranges from 31,100 GBP to 48,300 GBP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
