Business Manager Salary

Capital One Financial Corp lures Business Managers with larger-than-average paychecks: Business Managers at this company make a median salary of $111K, much more than the $57K annually-national average for those in this area of work. Business Managers can also look forward to large paychecks at Raytheon Co. ($103K), Apple Computer, Inc ($81K), and Alliance Residential Company LLC ($65K). The data in this summary comes from the PayScale salary survey.
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$35,885 - $99,216
(Median)
$36K
$57K
$99K
MEDIAN: $57,242
10%
50%
90%

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$12.11 - $29.49
(Median)
$12
$19
$29
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
$35,885 - $99,216  
   
Bonus
$0.00 - $19,460  
Profit Sharing
$504 - $15,461  
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).
)
$33,592 - $102,941  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 4,246
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
$12.11 - $29.49  
   
Hourly Tips
$0.00 - $2.86  
Overtime
$8.34 - $43.28  
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 - $19,460  
   
Commission
$20.61 - $38,236  
Profit Sharing
$504 - $15,461  
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).
)
$33,592 - $102,941  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 816
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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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Business Managers may experience a large salary bump if they progress into a role such as Chief Financial Officer. The latter position pays an average of $122K annually. Business Managers most often move into positions as Business Operations Managers or Financial Controllers; those groups report median salaries that are $6K higher and $21K higher, respectively.

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Business Managers report using a large range of skills on the job. Lucky workers who know Financial Analysis can expect a significant pay bump, scoring salaries 22 percent above average. Operations Management and Budget Management are also correlated to pay that is above average, with increases between 6 percent and 22 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable, Accounts Payable, and Customer Service. Those familiar with Budget Management tend to be well versed in Problem Solving and Operations Management. Those proficient in Accounting are, more often than not, also skilled in 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. Survey participants with less than five years' experience pocket $48K on average, but those with five to 10 years of experience enjoy a much bigger median of $56K. Business Managers with one to two decades of relevant experience report an average salary of approximately $60K. After two decades in the workforce, the average Business Manager generally earns more than ever; median pay for this group is estimated at $64K.

Pay Difference by Location


Business Managers will find that New York offers an impressive pay rate, one which exceeds the national average by 48 percent. Business Managers can also look forward to large paychecks in cities like San Francisco (+42 percent), Boston (+35 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 1094 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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