$59,104
Avg. Salary
$19.67
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$4,764

Profit Sharing

$2,571

Commission

$7,084

The average pay for a Business Manager is $19.67 per hour.

The average pay for a Business Manager is $59,104 per year.

$13
10%
$20
50%
$30
90%
MEDIAN $20
$37k
10%
$59k
50%
$103k
90%
MEDIAN $59,104
$36,576 - $102,879
$37K
$59K
$100K
MEDIAN: $59,104
10%
50%
90%

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$12.62 - $30.41
$13
$20
$30
MEDIAN: $19.67
10%
50%
90%

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$0$105K
Salary $36,576 - $102,879
Bonus $363 - $20,536
Profit Sharing $0.00 - $15,392
Commission $503 - $38,921
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).
)
$34,391 - $105,784
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2018
  • Individuals Reporting: 5,868
Hourly Data $0$45
Hourly Rate $12.62 - $30.41
Hourly Tips $0.58
Overtime $17.19 - $45.10
Annual Data $0$105K
Bonus $363 - $20,536
Commission $503 - $38,921
Profit Sharing $0.00 - $15,392
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).
)
$34,391 - $105,784
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2018
  • Individuals Reporting: 1,325

Job Description for Business Manager

A business manager is sought after by a variety of companies in many industries. Some employers will be looking for candidates with a bachelor's degree in business administration or a similar discipline, while others are willing to accept an applicant with a high school diploma or associate's degree. The business manager should also usually have at least two years of experience working in administration positions, in addition to several years of experience in the industry of the company. The prospective employee should be proficient in Microsoft Office. The business manager will primarily work indoors, although the settings may vary. There can be some travel involved.

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Business Manager Tasks

  • Manage business and financial affairs related to the administration of business unit or department.
  • Drive business functions and ensures employee efforts support organizational goals and objectives.
  • Provide overall management of financial operations, practice growth, marketing and administration.

Popular Employer Salaries for Business Manager

Common Career Paths for Business Manager


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Business Managers may experience a large salary bump if they progress into a role such as Chief Financial Officer. The latter position pays an average of $123K annually. Business Managers most often move into positions as Business Operations Managers or Financial Controllers; those groups report median salaries that are $8K higher and $22K higher, respectively.

Business Manager Job Listings

Popular Skills for Business Manager


Survey takers working as Business Managers report using a large range of professional skills. Most notably, skills in Financial Analysis, Project Management, Budget Management, and Financial Reporting are correlated to pay that is above average, with boosts between 6 percent and 19 percent. Skills that pay less than market rate include Customer Service, Accounts Receivable, and Office Management. Those proficient in Accounting are, more often than not, also skilled in Accounts Payable. A tool kit that includes Budget Management also typically contains Problem Solving and Accounts Payable.

Pay by Experience Level for Business Manager

Pay by Experience for a Business Manager has a positive trend. An entry-level Business Manager with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 1,463 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 1,170 salaries. An experienced Business Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 1,256 salaries. A Business Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 681 salaries.

Pay Difference by Location

41%

36%

31%

29%

28%

26%

-2%

-6%

National Average: $56,484

Larger city markers indicate a job is popular in that location.

New York is home to an above-average pay rate for Business Managers, 44 percent higher than the national average. Business Managers can also look forward to large paychecks in cities like Seattle (+39 percent), Washington (+36 percent), Boston (+34 percent), and Dallas (+31 percent). The lowest-paying market is Pittsburgh, which sits 7 percent below the national average.

Business Manager Advice

Q: What is it like working as a Business Manager?

Business Manager in Baltimore:
"I wish I knew how many people I was to over see."
Ask for a higher base salary.

Business Manager in Austin:
"Expand Your Knowledge."
Get to know all facets of your business. The more you know the more effective you will be.

Business Manager in San Antonio:
"Overworked. Underappreciated."
Pros: My clients, my team.
Cons: Lack of management orgnaization, lack of expectation for associates, lack of support from management.

Business Manager in Longmont:
"Be Ready To Tackle Many Projects At Once."
Communication and understanding everyone's job descriptions and responsibilities.

Business Manager in Fair Lawn:
Get everything in writing. Ask a lot of questions.

Business Manager in Springfield:
"That I would have hugh workload, no O/T, no benefits."

Business Manager in San Francisco:
"Rewarding."
Pros: Challenging, organizing, rewarding.
Cons: Isolated, long hours, stress level.

Related Job Salaries

Key Stats for Business Manager

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1444 votes.
Less than 1 year
3%
1-4 years
27%
5-9 years
22%
10-19 years
28%
20 years or more
19%

Experience Affects Business Manager Salaries

▲11%

▲4%

National Average
$56,000

▼1%

▼14%

Skills That Affect Business Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1444 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
22%
10-19 years
28%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 56%
vision benefits
Vision: 46%
no benefits
None: 27%