Business Unit Manager Salary

On average, Business Unit Managers in the United States earn six-figure salaries ($94K) annually, making for a very well-paid profession. Total incomes of Business Unit Managers incorporate potential for, in a few cases, more than $28K from bonuses and close to $30K from profit sharing; these performance components cause packages to range between $54K and $154K. Medical benefits are awarded to nearly all, and most earn dental coverage. 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. Most Business Unit Managers like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.
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$53,961 - $135,588
(Median)
$54K
$94K
$140K
MEDIAN: $93,591
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
$53,961 - $135,588  
   
Bonus
$1,932 - $27,549  
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).
)
$53,986 - $153,590  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 207
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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 show that Business Unit Managers use a fair number of skills. Most notably, skills in Budget Management, Operations Management, Project Management, and Sales are correlated to pay that is above average. Skills that pay less than market rate 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 who reported more years of relevant experience also reported higher earnings. Workers in their first five years can expect to earn $70K, but people who have been around for five to 10 years earn a noticeably bigger sum of $97K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $112K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $114K.

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Experience Affects Business Unit Manager Salaries

Late-Career
up arrow 12%

Experienced
up arrow 10%

National Average
$102,000

Mid-Career
up arrow 4%

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 3%

Project Management
up arrow 5%

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
23%

Common Health Benefits

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