Business Manager Salary

Business Managers in search of top-notch pay will find it at Capital One Financial Corp, where the median salary of $125K trumps the $58K annually-national average for those in this profession. Raytheon Co., J.P. Morgan Chase & Co. (JPMCC), and AT&T Inc. are a few other companies that offer generous salaries, with Business Managers earning around $103K, $100K, or $93K at each firm, respectively. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$35,901 - $99,781
(Median)
$36K
$58K
$100K
MEDIAN: $57,683
10%
50%
90%

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$12.10 - $29.37
(Median)
$12
$18
$29
MEDIAN: $18.00
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
$35,901 - $99,781  
   
Bonus
$0.00 - $19,814  
Profit Sharing
$305.98 - $15,326  
Commission
$304.10 - $40,991  
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).
)
$33,543 - $103,200  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 4,887
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
$12.10 - $29.37  
   
Hourly Tips
$0.00 - $9.02  
Overtime
$11.82 - $43.82  
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 - $19,814  
   
Commission
$304.10 - $40,991  
Profit Sharing
$305.98 - $15,326  
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).
)
$33,543 - $103,200  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 931
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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

  • 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 $123K per year. Business Operations Managers or Financial Controllers are common next-step roles for Business Managers moving up in their careers; annual pay for Business Operations Managers is $6K higher on average, and it's $21K higher for Financial Controllers.

Business Manager Job Listings

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Popular Employer Salaries for Business Manager

Popular Skills for Business Manager


Survey takers working as Business Managers report using a large range of professional skills. Most notably, facility with Financial Analysis, Operations Management, and Budget Management are correlated to pay that is significantly above average, leading to increases of 21 percent, 6 percent, and 5 percent, respectively. Skills that pay less than market rate include Accounts Receivable, Customer Service, and Accounts Payable. For most people, competency in Accounting indicates knowledge of Accounts Payable. The majority of those who know Budget Management also 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.


Business Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Respondents with less than five years' experience take home $48K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $57K. Business Managers see a median salary of $60K after reaching 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

National Average: $55,734

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

Surpassing the national average by 48 percent, Business Managers in New York receive some of the highest pay in the country. Business Managers can also look forward to large paychecks in cities like San Francisco (+41 percent), Boston (+30 percent), Seattle (+25 percent), and Philadelphia (+23 percent).

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Experience Affects Business Manager Salaries




National Average
$56,000


Skills That Affect Business Manager Salaries




Problem Solving
up arrow 2%

Financial Reporting
up arrow 1%

Microsoft Excel
0%

National Average
$56,000

Microsoft Office
up arrow 3%









Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1134 votes.

Gender

Female
69 %
Male
31 %

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: 75%
dental benefits
Dental: 58%
medical benefits
Vision: 46%
dental benefits
None: 23%
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