Capital One Financial Corp lures Business Managers with larger-than-average paychecks: Business Managers at this company make a median salary of $130K, much more than the $57K annually-national average for those in this area of work. Also paying near the top of the field are United Parcel Service (UPS), Inc. at $119K, Raytheon Co. at $103K, and AT&T Inc., where Business Managers annually earn $97K. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$35,901 - $100,533
(Median)
$36K
$57K
$100K
MEDIAN: $57,430
10%
50%
90%

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$12.27 - $29.92
(Median)
$12
$19
$30
MEDIAN: $19.00
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
$35,901 - $100,533  
   
Bonus
$255.32 - $20,213  
Profit Sharing
$0.00 - $17,271  
Commission
$1,221 - $41,031  
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).
)
$33,584 - $102,224  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 3,166
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
$12.27 - $29.92  
   
Hourly Tips
$0.70  
Overtime
$16.71 - $44.30  
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
$255.32 - $20,213  
   
Commission
$1,221 - $41,031  
Profit Sharing
$0.00 - $17,271  
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).
)
$33,584 - $102,224  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 707
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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

  • 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 $123K per year. Business Managers most often move into positions as Business Operations Managers or Financial Controllers; those groups report median salaries that are $8K higher and $22K higher, respectively.

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Financial Analysis, Project Management, Budget Management, and Financial Reporting are correlated to pay that is above average, with boosts between 7 percent and 19 percent. Skills that are correlated to lower pay, on the other hand, include Customer Service, Accounts Receivable, and Office Management. It is often found that people who know Accounting are also skilled in Accounts Payable. Skill sets containing Budget Management also tend to include Problem Solving and Accounts Payable.

Pay by Experience Level for Business Manager

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


Business Managers do not generally earn higher incomes from more experience in the field. Survey participants with less than five years' experience pocket $49K on average, but those with five to 10 years of experience enjoy a much bigger median of $57K. After working for 10 to 20 years, Business Managers make a median salary of $59K. 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

National Average: $54,905

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

For Business Managers, busy San Francisco offers a higher-than-average pay rate, 55 percent above the national average. Business Managers can also look forward to large paychecks in cities like New York (+47 percent), Miami (+36 percent), Boston (+31 percent), and Seattle (+27 percent). Atlanta ranks last in the field for pay, reporting salaries 5 percent below the national average.

Business Manager Reviews

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.

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Experience Affects Business Manager Salaries




National Average
$55,000


Skills That Affect Business Manager Salaries




Financial Reporting
up arrow 4%

Operations Management
up arrow 3%

Microsoft Excel
up arrow 2%

National Average
$55,000

Problem Solving
up arrow 2%

Microsoft Office
up arrow 3%

Accounting
up arrow 4%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 652 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
23%
10-19 years
28%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 55%
medical benefits
Vision: 44%
dental benefits
None: 27%
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