Business Unit Manager Salary

Average pay for a Business Unit Manager in the United States is considerable, rounding six figures at $89K per year. Total incomes of Business Unit Managers incorporate potential for, in a few cases, more than $29K from bonuses and close to $61K from profit sharing; these performance components cause packages to range between $60K and $156K. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Men account for the majority of Business Unit Managers who responded to the questionnaire — 80 percent to be exact. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$58,929 - $138,327
$59K
$89K
$140K
MEDIAN: $89,489
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$60K$120K$180K
Salary
$58,929 - $138,327  
   
Bonus
$1,983 - $28,957  
Profit Sharing
$-0.50 - $61,170  
Commission
$22,589  
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).
)
$60,089 - $156,184  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 197

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United States (change)

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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

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

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Pay by Experience Level for Business Unit Manager

Pay by Experience for a Business Unit Manager has a positive trend. An entry-level Business Unit Manager with less than 5 years of experience can expect to earn an average total compensation of $77,000 based on 34 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Unit Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $93,000 based on 65 salaries. An experienced Business Unit Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 93 salaries. A Business Unit Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $117,000 based on 39 salaries.

Related Job Salaries

Key Stats for Business Unit Manager

Gender

Female
20 %
Male
80 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.
Less than 1 year
1%
1-4 years
11%
5-9 years
24%
10-19 years
42%
20 years or more
22%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Unit Manager Salaries

▲16%

▲3%

National Average
$100,000

▼7%

▼24%

Skills That Affect Business Unit Manager Salaries

Product Development
▲67%

Engineering Design
▲59%

Strategic Marketing
▲50%

Business Development
▲11%

Profit & Loss (P&L) Statements
▲10%

Manufacturing Process Engineering
▲10%


Strategic Planning
▲8%


National Average
$100,000


Sales
▼8%

Financial Analysis
▼14%

Team Leadership
▼21%

Project Management
▼26%

Budget Management
▼39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
1%
1-4 years
11%
5-9 years
24%
10-19 years
42%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
vision benefits
Vision: 68%
no benefits
None: 9%
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