Business Unit Manager Salary

Business Unit Managers in the United States can look forward to a sizeable six-figure salary — around $94K per year on average. Cash earnings for Business Unit Managers — which occasionally include more than $27K from bonuses and more than $30K from profit sharing — stretch from around $54K to approximately $153K. Male Business Unit Managers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to almost all, and a large number earn dental coverage. The majority of Business Unit Managers claim high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$54,241 - $135,206

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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$60K$120K$180K
Salary
$54,241 - $135,206  
   
Bonus
$1,030 - $27,241  
Profit Sharing
$503 - $29,799  
Commission
$19,653 - $39,305  
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).
)
$54,492 - $153,118  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 211
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Job Description for Business Unit Manager

A business unit manager oversees a business unit within their organization. They are responsible for preparing a budget, as well as overseeing the creation and preparation of market reports. These reports are used by the manager and the organization at large to determine what resources are needed, how those resources need to be allocated, and how to track expenditures. The business unit manager also works to develop policies, goals, and tactics to achieve the fiscal goals of the business. Because they are responsible for these tasks, the business unit manager must also continually provides oversight to ensure that business plans and budgets are followed; they are also generally authorized to take corrective action if there is deviation from expectations or standards.

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Business Unit Manager Tasks

  • Troubleshoot and resolve problems and concerns, documenting root cause and fixes.
  • Create, modify, update, and communicate budgets and strategic goals.
  • Manage and build customer relationships, tracking data and meeting emerging needs.

Business Unit Manager Job Listings

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Survey results suggest that Business Unit Managers put a wide range of professional skills to use. Most notably, skills in Budget Management, Operations Management, Project Management, and Sales are correlated to pay that is above average. Skills that seem to negatively impact pay include People Management, Financial Analysis, and Sales.

Pay by Experience Level for Business Unit Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Relatively untried employees who have less than five years' experience make $70K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $97K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $113K. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.

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Experience Affects Business Unit Manager Salaries

Experienced
up arrow 11%

Late-Career
up arrow 11%

National Average
$102,000

Mid-Career
up arrow 5%

Entry-Level
up arrow 31%

Skills That Affect Business Unit Manager Salaries

National Average
$102,000

Budget Management
up arrow 2%

Operations Management
up arrow 4%

Project Management
up arrow 5%

Sales
up arrow 10%

Financial Analysis
up arrow 16%

People Management
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
16%
10-19 years
45%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 82%
vision benefits Vision: 70% employee benefits None: 5%
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