The average salary for a Business Manager is $61,426.
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What Do Business Managers Do?
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 pro…Read more
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.
Job Satisfaction for Business Manager
Popular Employer Salaries for Business Manager
The top respondents for the job title Business Manager are from the companies J.P. Morgan Chase & Co. (JPMCC), Dillard's, Inc. and Microsoft Corp. Reported salaries are highest at Microsoft Corp where the average pay is $129,209. Other companies that offer high salaries for this role include Capital One Financial Corp and United Parcel Service (UPS), Inc., earning around $117,512 and $108,430, respectively. Dillard's, Inc. pays the lowest at around $40,000. Acosta Sales & Marketing Company, Inc. and University of Maryland (UMD) also pay on the lower end of the scale, paying $56,209 and $65,985, respectively.
Business Manager Job Listings
What Are Popular Skills for Business Managers?
Skills in Budget Management and Operations Management are correlated to pay that is above average. Skills that pay less than market rate include Human Resources (HR), Office Management and Accounting.
What is the Pay by Experience Level for Business Managers?
An entry-level Business Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,160 based on 156 salaries. An early career Business Manager with 1-4 years of experience earns an average total compensation of $54,605 based on 1,628 salaries. A mid-career Business Manager with 5-9 years of experience earns an average total compensation of $62,867 based on 1,331 salaries. An experienced Business Manager with 10-19 years of experience earns an average total compensation of $67,360 based on 1,741 salaries. In their late career (20 years and higher), employees earn an average total compensation of $69,005.
Pay Difference by Location
Employees with Business Manager in their job title in New York, New York earn an average of 41.8% more than the national average. These job titles also find higher than average salaries in Houston, Texas (24.7% more) and Chicago, Illinois (20.1% more).
Years of Experience
This data is based on 6,096 survey responses.