Business Manager Salary

For Business Managers, Capital One Financial Corp hands out the highest paychecks — $116K on average — relative to the national average of $57K per year. Other big spenders include Raytheon Co., Apple Computer, Inc, and Alliance Residential Company LLC, top-paying firms where Business Managers see paychecks nearing $103K, $81K, or $65K. The information for this snapshot was generated by responses to the PayScale salary survey.
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$35,889 - $99,081

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$12.16 - $29.60

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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
$35,889 - $99,081  
   
Bonus
$0.00 - $19,415  
Profit Sharing
$506 - $15,219  
Commission
$153.08 - $36,065  
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).
)
$33,659 - $102,591  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 4,281
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
$12.16 - $29.60  
   
Hourly Tips
$0.00 - $2.86  
Overtime
$8.34 - $42.64  
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 - $19,415  
   
Commission
$153.08 - $36,065  
Profit Sharing
$506 - $15,219  
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).
)
$33,659 - $102,591  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 820
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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 who transition into a Chief Financial Officer role may receive large pay increases as the latter position pays an average $122K per year. Business Managers most often move into positions as Business Operations Managers or Financial Controllers; those groups report median salaries that are $6K higher and $22K higher, respectively.

Business Manager Job Listings

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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. At the other end of the pay range are skills like Accounts Receivable, Accounts Payable, and Customer Service. Most people skilled in Accounting are similarly competent in Accounts Payable. Those proficient in Budget Management are, more often than not, also skilled in 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.


For Business Managers, experience does not seem to be a major factor in determining pay. The average beginner in this position makes around $48K, but folks who have been around for five to 10 years see a markedly higher median salary of $57K. On average, Business Managers make $59K following one to two decades on the job. 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


New York offers some of the highest pay in the country for Business Managers, 48 percent above the national average. Business Managers will also find cushy salaries in San Francisco (+42 percent), Boston (+36 percent), Houston (+25 percent), and Philadelphia (+23 percent).

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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 1090 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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