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Business Manager Salary

Though nationally Business Managers make an average $57K annually, those in this field can find the most generous pay at Capital One Financial Corp, where the average salary is around $111K. Those in search of high salaries should also consider Raytheon Co., Apple Computer, Inc, and Acosta Sales & Marketing Company, Inc., top-paying firms where Business Managers rake in a massive $103K, $81K, or $61K, respectively. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$35,742 - $99,289
(Median)
$36K
$57K
$99K
MEDIAN: $57,144
10%
50%
90%

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$11.96 - $29.72
(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
$35,742 - $99,289  
   
Bonus
$0.00 - $19,519  
Profit Sharing
$510 - $15,623  
Commission
$-0.49 - $39,710  
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).
)
$33,438 - $103,208  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 4,126
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
$11.96 - $29.72  
   
Hourly Tips
$0.00 - $2.86  
Overtime
$8.50 - $43.60  
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 - $19,519  
   
Commission
$-0.49 - $39,710  
Profit Sharing
$510 - $15,623  
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).
)
$33,438 - $103,208  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 801

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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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Business Managers may experience a large salary bump if they progress into a role such as Chief Financial Officer. The latter position pays an average of $122K annually. It is quite typical for Business Managers to transition into roles as Business Operations Managers or Financial Controllers, where reported median earnings are $6K and $22K higher per year.

Business Manager Job Listings

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Survey takers working as Business Managers report using a large range of professional skills. Most notably, facility with Financial Analysis, Operations Management, and Budget Management are correlated to pay that is significantly above average, leading to increases of 22 percent, 7 percent, and 6 percent, respectively. At the other end of the pay range are skills like Accounts Receivable, Accounts Payable, and Payroll Administration. Skill sets containing Budget Management also tend to include Problem Solving and Operations Management. For most people, competency in Accounting indicates knowledge of Accounts Payable.

Pay by Experience Level for Business Manager

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


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $48K, but survey participants with five to 10 years of experience earn a significantly higher median of $56K. Business Managers bring in $60K after working for 10 to 20 years. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $63K.

Pay Difference by Location


Surpassing the national average by 48 percent, Business Managers in New York receive some of the highest pay in the country. Business Managers can also look forward to large paychecks in cities like San Francisco (+35 percent), Boston (+26 percent), Houston (+24 percent), and Seattle (+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 1142 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: 58%
vision benefits Vision: 46% employee benefits None: 23%
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