Business Unit Manager Salary

Compensation for Business Unit Managers in the United States is generous, with average pay surpassing six figures annually ($93K). Overall cash earnings for Business Unit Managers stretch from $54K on the lower end to $154K near the top, and the heftiest packages can encompass around $28K from bonuses and $30K from profit sharing. The majority of Business Unit Managers claim high levels of job satisfaction. Generally, women make up less than a third of all Business Unit Managers who answered the questionnnaire. Medical benefits are awarded to nearly all, and most earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.
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$53,885 - $135,689
(Median)
$54K
$93K
$140K
MEDIAN: $93,386
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$60K$120K$180K
Salary
$53,885 - $135,689  
   
Bonus
$1,922 - $27,617  
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).
)
$53,808 - $153,703  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 206
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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 imply that Business Unit Managers put a diverse skill set 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.


Business Unit Managers with a lot of experience tend to enjoy higher earnings. Those in the early stages of their career can expect to make around $70K; however, individuals with five to 10 years of experience bring in $97K on average — a distinctly larger sum. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $112K. Business Unit Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $113K on average.

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Experience Affects Business Unit Manager Salaries

Late-Career
up arrow 11%

Experienced
up arrow 10%

National Average
$101,000

Mid-Career
up arrow 4%

Entry-Level
up arrow 31%

Skills That Affect Business Unit Manager Salaries

National Average
$101,000

Budget Management
up arrow 1%

Operations Management
up arrow 3%

Project Management
up arrow 4%

Sales
up arrow 9%

Financial Analysis
up arrow 15%

People Management
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 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
44%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 82%
vision benefits Vision: 69% employee benefits None: 5%
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