Business Manager Salary

For Business Managers, higher-than-average salaries can be found at Capital One Financial Corp, where the average employee brings in around $131K relative to the national average of $58K per year for those in this line of work. Other big spenders include United Parcel Service (UPS), Inc., Raytheon Co., and AT&T Inc., top-paying firms where Business Managers see paychecks nearing $120K, $103K, or $102K. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$35,663 - $102,200
$36K
$58K
$100K
MEDIAN: $57,713
10%
50%
90%

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$12.10 - $30.32
$12
$19
$30
MEDIAN: $19.42
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$35,663 - $102,200  
   
Bonus
$201.45 - $20,649  
Profit Sharing
$0.00 - $17,085  
Commission
$1,538 - $48,378  
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).
)
$33,332 - $104,010  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 3,115
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$12.10 - $30.32  
   
Hourly Tips
$0.70  
Overtime
$15.62 - $45.58  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$201.45 - $20,649  
   
Commission
$1,538 - $48,378  
Profit Sharing
$0.00 - $17,085  
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).
)
$33,332 - $104,010  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 723

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Job Description for Business Manager

A business manager is sought after by a variety of companies in many industries. Some employers will be looking for candidates with a bachelor's degree in business administration or a similar discipline, while others are willing to accept an applicant with a high school diploma or associate's degree. The business manager should also usually have at least two years of experience working in administration positions, in addition to several years of experience in the industry of the company. The prospective employee should be proficient in Microsoft Office. The business manager will primarily work indoors, although the settings may vary. There can be some travel involved.

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Business Manager Tasks

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

Common Career Paths for Business Manager


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Business Managers may progress into high-paying roles like Chief Financial Officer, where median compensation is $123K annually. The most common next step for a Business Manager is to become a Business Operations Manager or a Financial Controller. The former position pays an additional $8K per year on average, and the latter position pays $23K more per year.

Business Manager Job Listings

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Business Managers report using a large range of skills on the job. Most notably, skills in Financial Analysis, Project Management, Budget Management, and Financial Reporting are correlated to pay that is above average, with boosts between 6 percent and 20 percent. Skills that seem to negatively impact pay include Customer Service, Accounts Receivable, and Office Management. Those familiar with Accounting also tend to know Accounts Payable. Most people skilled in Budget Management are similarly competent in Problem Solving and Accounts Payable.

Pay by Experience Level for Business Manager

Pay by Experience for a Business Manager has a positive trend. An entry-level Business Manager with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 1,463 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 1,170 salaries. An experienced Business Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 1,256 salaries. A Business Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 681 salaries.

Pay Difference by Location

National Average: $54,919

Larger city markers indicate a job is popular in that location.

New York is home to an above-average pay rate for Business Managers, 45 percent higher than the national average. Business Managers will also find cushy salaries in Seattle (+40 percent), Washington (+37 percent), Boston (+35 percent), and Dallas (+32 percent). Pittsburgh is the lowest-paying area, 7 percent south of the national average.

Business Manager Reviews

Q: What is it like working as a Business Manager?

Business Manager in Plano:
Pros: Culture, product, educational support and succession planning, benefits, opportunities for advancement.
Cons: I feel like I have too much to complete on some days. I feel that I am given too many projects at once sometimes.

Related Job Salaries

Key Stats for Business Manager

Gender

Female
71 %
Male
29 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 714 votes.
Less than 1 year
3%
1-4 years
28%
5-9 years
23%
10-19 years
28%
20 years or more
18%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Manager Salaries

▲15%

▲7%

▲2%

National Average
$55,000

▼11%

Skills That Affect Business Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 714 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
3%
1-4 years
28%
5-9 years
23%
10-19 years
28%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 56%
vision benefits
Vision: 45%
no benefits
None: 27%
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