Business Process Manager Salary
For Business Process Managers, yearly average wages total $79K annually. Cash earnings for Business Process Managers — including $18K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $54K to $125K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career length and the specific company. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. The majority of workers are highly satisfied with their job. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
|Salary||$54,745 - $116,752|
|Bonus||$1,470 - $17,868|
|Profit Sharing||$0.00 - $15,361|
|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).)
|$54,183 - $125,405|
|Hourly Rate||$16.00 - $56.86|
|Bonus||$1,470 - $17,868|
|Profit Sharing||$0.00 - $15,361|
|Total Pay (||$54,183 - $125,405|
Job Description for Business Process Manager
A business process manager ensures optimal productivity for his or her employer by developing, overseeing, and regulating various work procedures. They may supervise individuals and/or manage computer systems, networking strategies, or quantity-control measures. Business process managers usually divide their working days between their home offices and local, national, or global satellite offices. Therefore, these managers should expect to change locations at a moment's notice and remain on location for a unspecified time period. They should also expect to sometime work independently, while other times work physically or virtually with employees involved in executing a specific organizational task.Read More...
Generally, business process managers must have at least a bachelor's degree in business, marketing, computer science, or a related field. However, many employers give hiring preferences to those with an master's of business administration (MBA) or master's degree in another business, marketing, or computer system area of concentration. Because this manager's work is generally multifaceted and fast-paced, this job usually requires long hours and extensive travel. They must also have basic computer skills, as well as excellent communication, negotiation, conflict resolution, and problem-solving skills.
Many business process managers begin their careers at the junior level under the direct supervision of a senior business process manager. Over time, internal promotion opportunities or senior-level opportunities at other firms, are possible to a junior manager who exhibits above-average business process management skills.
Business Process Manager Tasks
- Develops, executes, and maintains business process improvement projects.
- Monitors the results of improvement projects and composes reports.
- Identify and evaluate key risk areas and recommend improvements.
Popular Employer Salaries for Business Process Manager
Those at J.P. Morgan Chase & Co. (JPMCC) can expect to make the most, with the company offering a median salary of $84K.
The lowest salaries can be found at Capital One Financial Corp — median pay is $58K — and there is little variation in compensation, with paychecks starting at $50K and only reaching $84K.
Popular Skills for Business Process Manager
Survey participants wield an impressively varied skill set on the job. Most notably, facility with Six Sigma Black Belt, Strategic Project Management, and Change Management are correlated to pay that is significantly above average, leading to increases of 38 percent, 17 percent, and 8 percent, respectively. Skills that pay less than market rate include Customer Service Metrics, Training, and Operations Management. It is often found that people who know Process Improvement are also skilled in Business Analysis and Data Analysis.
Pay by Experience Level for Business Process Manager
Pay by Experience for a Business Process Manager has a positive trend. An entry-level Business Process Manager with less than 5 years of experience can expect to earn an average total compensation of $70,000 based on 138 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Process Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $80,000 based on 148 salaries. An experienced Business Process Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $97,000 based on 100 salaries. A Business Process Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $110,000 based on 23 salaries.
Pay Difference by Location
Home to some of the best pay for Business Process Managers, Minneapolis offers exceptional salaries, 44 percent above the national average. Business Process Managers can also look forward to large paychecks in cities like San Francisco (+21 percent), New York (+18 percent), Portland (+16 percent), and Wilmington (+15 percent). Compared to the national average, Salt Lake City Business Process Managers have considerably lower salaries, 22 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Not at the bottom but still paying below the median are employers in Richmond and Philadelphia (13 percent lower and 1 percent lower, respectively).
Business Process Manager Reviews
Related Job Salaries
Key Stats for Business Process Manager
Rated 5 out of 5
based on 48 votes.