The average salary for a Commercial Manager in United Kingdom is £46,035.
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What Do Commercial Managers Do?
A commercial manager fills a non-technical, business-oriented position within a company. Their main function is to oversee revenue and expenses used to create financial returns. This mostly is done through policy-level work, creating rules or practices to determine the steps that the business takes when conducting commercial business.
The commercial manager often fills several sub-roles depending on the size of the company. Some of these can include individual sales responsibilities, marketing,…Read more
Commercial Manager Tasks
- Develop and maintain strong relationships with clients, creating new contracts and updating as conditions or tariffs change.
- Use analytics to create action plans for business growth.
- Oversee and direct contractors, staff, suppliers and carriers to ensure timely results.
- Procure and obtain materials and supplies for ongoing and one-time projects.
- Develop pricing structures and risk assessments for products to lead commercial efforts.
Popular Employer Salaries for Commercial Manager
The top respondents for the job title Commercial Manager are from the companies Mace, Marks and Spencer plc and HSBC. Reported salaries are highest at Balfour Beatty where the average pay is £73,177. Other companies that offer high salaries for this role include Transport for London and Babcock Marine, earning around £62,388 and £58,000, respectively. HSBC pays the lowest at around £33,681. International Business Machines (IBM) Corp. and Marks and Spencer plc also pay on the lower end of the scale, paying £36,500 and £37,918, respectively.
Commercial Manager Job Listings
What Are Popular Skills for Commercial Managers?
Skills in Commercial, Contract Negotiation and Contract Management are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Customer Relationship Management (CRM).
What is the Pay by Experience Level for Commercial Managers?
An entry-level Commercial Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £30,475 based on 19 salaries. An early career Commercial Manager with 1-4 years of experience earns an average total compensation of £38,548 based on 253 salaries. A mid-career Commercial Manager with 5-9 years of experience earns an average total compensation of £45,855 based on 250 salaries. An experienced Commercial Manager with 10-19 years of experience earns an average total compensation of £54,795 based on 316 salaries. In their late career (20 years and higher), employees earn an average total compensation of £60,269.
Pay Difference by Location
Employees with Commercial Manager in their job title in London, England: London earn an average of 18.8% more than the national average. These job titles also find higher than average salaries in Reading, England: Berkshire (12.1% more) and Newcastle-upon-Tyne, England: Tyne and Wear (7.3% more). The lowest salaries can be found in Glasgow, Scotland: Glasgow (12.1% less) and Birmingham, England: Birmingham (6.3% less).
Years of Experience
This data is based on 1,000 survey responses.