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 $125K relative to the national average of $58K per year for those in this line of work. Soaring salaries can also be found at Raytheon Co., J.P. Morgan Chase & Co. (JPMCC), and AT&T Inc., where earnings of $103K, $100K, or $93K are standard for Business Managers. The information for this snapshot was generated by responses to the PayScale salary survey.
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$35,901 - $99,781
(Median)
$36K
$58K
$100K
MEDIAN: $57,683
10%
50%
90%

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$12.10 - $29.37
(Median)
$12
$18
$29
MEDIAN: $18.00
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 - $99,781  
   
Bonus
$0.00 - $19,814  
Profit Sharing
$305.98 - $15,326  
Commission
$304.10 - $40,991  
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).
)
$33,543 - $103,200  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 4,887
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 - $29.37  
   
Hourly Tips
$0.00 - $9.02  
Overtime
$11.82 - $43.82  
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
$0.00 - $19,814  
   
Commission
$304.10 - $40,991  
Profit Sharing
$305.98 - $15,326  
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).
)
$33,543 - $103,200  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 931
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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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As Business Managers transition into upper-level roles such as Chief Financial Officer, they may see a strong upturn in salary. Chief Financial Officers earn $123K on average per year. 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 $21K higher per year.

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Survey participants wield an impressively varied skill set on the job. Most notably, facility with Financial Analysis, Operations Management, and Budget Management are correlated to pay that is significantly above average, leading to increases of 21 percent, 6 percent, and 5 percent, respectively. Skills that pay less than market rate include Accounts Receivable, Customer Service, and Accounts Payable. Those educated in Accounting tend to be well versed in Accounts Payable. The majority of those who know Budget Management 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.


Business Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Relatively untried employees who have less than five years' experience make $48K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $57K. After working for 10 to 20 years, Business Managers make a median salary of $60K. In the end, more experience does seem to mean larger paychecks; seasoned Business Managers with more than 20 years of experience earn a predictably higher median salary of $64K.

Pay Difference by Location

National Average: $55,734

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

Home to some of the best pay for Business Managers, New York offers exceptional salaries, 48 percent above the national average. Business Managers will also find cushy salaries in San Francisco (+41 percent), Boston (+30 percent), Seattle (+25 percent), and Philadelphia (+23 percent).

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Experience Affects Business Manager Salaries




National Average
$56,000


Skills That Affect Business Manager Salaries




Problem Solving
up arrow 2%

Financial Reporting
up arrow 1%

Microsoft Excel
0%

National Average
$56,000

Microsoft Office
up arrow 3%









Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1134 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
24%
10-19 years
29%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 58%
medical benefits
Vision: 46%
dental benefits
None: 23%
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