Business Manager Salary

Capital One Financial Corp lures Business Managers with larger-than-average paychecks: Business Managers at this company make a median salary of $111K, much more than the $57K per year-national average for those in this area of work. Business Managers can also look forward to large paychecks at Raytheon Co. ($103K), Apple Computer, Inc ($81K), and Acosta Sales & Marketing Company, Inc. ($62K). The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$35,621 - $99,942
(Median)
$36K
$57K
$100K
MEDIAN: $56,964
10%
50%
90%

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$11.95 - $29.56
(Median)
$12
$18
$30
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$35,621 - $99,942  
   
Bonus
$0.00 - $19,535  
Profit Sharing
$625 - $15,564  
Commission
$-0.49 - $39,357  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,253 - $104,101  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 4,054
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$11.95 - $29.56  
   
Hourly Tips
$0.00 - $2.86  
Overtime
$8.44 - $42.24  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $19,535  
   
Commission
$-0.49 - $39,357  
Profit Sharing
$625 - $15,564  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,253 - $104,101  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 784

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Job Description for Business Manager

Business Manager Job Description

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Business Manager Tasks

  • Provide overall management of financial operations, practice growth, marketing and administration.
  • Drive business functions and ensures employee efforts support organizational goals and objectives.
  • Manage business and financial affairs related to the administration of business unit or department.

Common Career Paths for Business Manager


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At the upper end, Business Managers who move into a Chief Financial Officer role can end up with a hefty increase in pay. The average income for Chief Financial Officers is a much higher $122K per year. Business Managers moving up in their careers tend to step into positions as Business Operations Managers or Financial Controllers. The median paychecks in those roles are $6K higher and $22K higher, respectively.

Business Manager Job Listings

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Business Managers seem to wield many skills on the job. Most notably, facility with Financial Analysis, Project Management, and Operations Management are correlated to pay that is significantly above average, leading to increases of 22 percent, 18 percent, and 7 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable, Accounts Payable, and Payroll Administration. Those proficient in Accounting are, more often than not, also skilled in Accounts Payable. People who know Budget Management usually also know Problem Solving and Operations Management.

Pay by Experience Level for Business Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Business Managers, more experience in the field does not usually mean bigger paychecks. Respondents with less than five years' experience take home $47K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $56K. The average pay reported by folks with 10 to 20 years of experience is around $60K. After two decades in the workforce, the average Business Manager generally earns more than ever; median pay for this group is estimated at $63K.

Pay Difference by Location


Home to some of the best pay for Business Managers, New York offers exceptional salaries, 46 percent above the national average. Business Managers will also find cushy salaries in San Francisco (+34 percent), Boston (+25 percent), Seattle (+23 percent), and Houston (+22 percent).

Related Job Salaries

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Experience Affects Business Manager Salaries




National Average
$55,000


Skills That Affect Business Manager Salaries






Financial Reporting
up arrow 1%

National Average
$55,000

Microsoft Office
up arrow 4%

Microsoft Excel
up arrow 4%








Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1165 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
24%
10-19 years
29%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 59%
vision benefits Vision: 46% employee benefits None: 22%