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 $57K per year for those in this line of work. Those in search of high salaries should also consider United Parcel Service (UPS), Inc., Raytheon Co., and AT&T Inc., top-paying firms where Business Managers rake in a very impressive $120K, $103K, or $102K, respectively. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$35,602 - $101,163
$36K
$57K
$100K
MEDIAN: $57,107
10%
50%
90%

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$12.03 - $29.90
$12
$19
$30
MEDIAN: $19.22
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
$35,602 - $101,163  
   
Bonus
$201.21 - $20,518  
Profit Sharing
$0.00 - $17,442  
Commission
$2,200 - $45,000  
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).
)
$33,187 - $102,693  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 3,015
© PayScale, Inc. @ www.payscale.com
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
$12.03 - $29.90  
   
Hourly Tips
$0.70  
Overtime
$15.83 - $45.35  
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
$201.21 - $20,518  
   
Commission
$2,200 - $45,000  
Profit Sharing
$0.00 - $17,442  
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).
)
$33,187 - $102,693  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 681
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

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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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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. Business Managers moving up in their careers tend to step into positions as Business Operations Managers or Financial Controllers. The median paychecks in those roles are $8K higher and $23K higher, respectively.

Business Manager Job Listings

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Business Managers seem to wield many skills on the job. Most notably, facility with Financial Analysis, Project Management, and Budget Management are correlated to pay that is significantly above average, leading to increases of 20 percent, 13 percent, and 7 percent, respectively. At the other end of the pay range are skills like Customer Service, Accounts Receivable, and Office Management. Those proficient in Budget Management are, more often than not, also skilled in Problem Solving and Accounts Payable. Those familiar with Accounting also tend to know Accounts Payable.

Pay by Experience Level for Business Manager

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


Experience and pay tend to be weakly linked for Business Managers — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $56K. After working for 10 to 20 years, Business Managers make a median salary of $59K. 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

National Average: $54,524

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

New York is home to an above-average pay rate for Business Managers, 46 percent higher than the national average. Business Managers will also find cushy salaries in Seattle (+41 percent), Washington (+38 percent), Boston (+36 percent), and Dallas (+33 percent). The lowest-paying market is Pittsburgh, which sits 6 percent below 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
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 633 votes.
Less than 1 year
3%
1-4 years
28%
5-9 years
23%
10-19 years
28%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Manager Salaries

▲15%

▲8%

▲3%

National Average
$55,000

▼11%

Skills That Affect Business Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 633 votes.

Gender

Female
70 %
Male
30 %

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: 55%
vision benefits
Vision: 44%
dental benefits
None: 28%
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