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Business Manager Salary

Compared to the national salary average for Business Managers, those in the same line of work who choose to work for Capital One Financial Corp enjoy much larger paychecks — $111K on average versus $57K per year. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$35,128 - $99,997
(Median)
35K
44K
57K
75K
100K
MEDIAN: $56,576
10%
25%
50%
75%
90%

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$11.66 - $29.49
(Median)
12
15
18
24
29
MEDIAN: $18.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$35,128 - $99,997  
   
Bonus
$0.00 - $19,552  
Profit Sharing
$511 - $15,290  
Commission
$0.00 - $35,895  
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).
)
$32,762 - $104,347  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 3,867
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
$11.66 - $29.49  
   
Hourly Tips
$0.00 - $2.47  
Overtime
$8.61 - $44.02  
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 - $19,552  
   
Commission
$0.00 - $35,895  
Profit Sharing
$511 - $15,290  
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).
)
$32,762 - $104,347  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 749
United States (change)

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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Compensation may increase greatly for Business Managers who advance to upper-end positions like Chief Financial Officer. Median pay for Chief Financial Officers is $121K per year. Typical career progression for a Business Manager involves becoming a Business Operations Manager or a Financial Controller, roles that pay $7K more and $22K more on average.

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. Lucky workers who know Financial Analysis can expect a significant pay bump, scoring salaries 23 percent above average. Operations Management and Problem Solving are also correlated to pay that is above average, with increases between 8 percent and 23 percent. Skills that seem to negatively impact pay include Quickbooks, Accounts Receivable, and Accounts Payable. Most people who know Budget Management also know Problem Solving, Operations Management, 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.


Business Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average worker who claims fewer than five years of experience earns around $47K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $56K. People with 10 to 20 years of experience make an average of about $60K in this role. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $64K.

Pay Difference by Location


For Business Managers, New York provides a pay rate that is 45 percent greater than the national average. Business Managers will also find cushy salaries in Boston (+27 percent), Houston (+26 percent), Seattle (+25 percent), and San Francisco (+24 percent).

Related Job Salaries

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 Excel
up arrow 3%

Accounting
up arrow 4%

Microsoft Office
up arrow 4%








Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1174 votes.

Gender

Female
68 %
Male
32 %

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: 76% dental benefits Dental: 60%
vision benefits Vision: 46% employee benefits None: 22%