Business Manager Salary

The nationwide average salary for Business Managers is $57K annually, but those working at Capital One Financial Corp can pull down an average $111K. Business Managers will also find cushy salaries at Raytheon Co. (+$103K), Apple Computer, Inc (+$81K), and Alliance Residential Company LLC (+$65K). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$35,829 - $99,121
(Median)
$36K
$57K
$99K
MEDIAN: $57,135
10%
50%
90%

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$12.10 - $29.60
(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
$35,829 - $99,121  
   
Bonus
$0.00 - $19,453  
Profit Sharing
$502 - $15,516  
Commission
$20.61 - $38,236  
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).
)
$33,535 - $102,829  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 4,211
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
$12.10 - $29.60  
   
Hourly Tips
$0.00 - $2.86  
Overtime
$8.25 - $43.84  
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 - $19,453  
   
Commission
$20.61 - $38,236  
Profit Sharing
$502 - $15,516  
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).
)
$33,535 - $102,829  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 810
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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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For Business Managers, progressing to a Chief Financial Officer role may result in a significant raise. On average, a Chief Financial Officer can earn $122K annually. Business Managers typically move into roles as Business Operations Managers or Financial Controllers, and those positions pay $6K more and $22K more, respectively.

Business Manager Job Listings

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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 22 percent, 7 percent, and 6 percent, respectively. Skills that pay less than market rate include Accounts Receivable, Accounts Payable, and Customer Service. Most people who know Accounting also know Accounts Payable. Those who learned Budget Management also tend to 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.


Experience does not seem to be a strong driver of pay increase in this role. Workers in their first five years can expect to earn $48K, but people who have been around for five to 10 years earn a noticeably bigger sum of $56K. The average pay reported by folks with 10 to 20 years of experience is around $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 $63K.

Pay Difference by Location


For Business Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Business Managers can also look forward to large paychecks in cities like San Francisco (+43 percent), Boston (+34 percent), Seattle (+25 percent), and Houston (+24 percent).

Related Job Salaries

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Experience Affects Business Manager Salaries




National Average
$55,000


Skills That Affect Business Manager Salaries




Problem Solving
up arrow 4%

Financial Reporting
up arrow 2%

National Average
$55,000

Microsoft Excel
up arrow 3%

Accounting
up arrow 4%

Microsoft Office
up arrow 4%








Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1100 votes.

Gender

Female
69 %
Male
31 %

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: 22%
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