Business Unit Manager Salary

Business Unit Managers in the United States with more than 10 years of experience in their profession represent slightly less than two-thirds of Business Unit Managers. Salaries average out to around $89K annually and spread from $61K to $157K per year. In the world of Business Unit Managers, total cash compensation can vary between $61K and $157K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $28K and $61K, respectively. Residence is the biggest factor affecting pay for this group, followed by experience level. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The vast majority (83 percent) of Business Unit Managers who answered the questionnaire are male. Work is enjoyable for Business Unit Managers, who typically claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$61,793 - $143,788
$62K
$96K
$140K
MEDIAN: $95,562
10%
50%
90%

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$0$161K
Salary $61,793 - $143,788
Bonus $1,982 - $29,087
Profit Sharing $-0.50 - $60,599
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).
)
$64,151 - $161,409
  • Country: United States
  • Currency: USD
  • Updated: 5 Oct 2017
  • Individuals Reporting: 187

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.

Business Unit Manager Job Listings

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.

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Key Stats for Business Unit Manager

Gender

Female
17 %
Male
83 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.
Less than 1 year
1%
1-4 years
9%
5-9 years
25%
10-19 years
41%
20 years or more
24%

Experience Affects Business Unit Manager Salaries

▲13%

▼0%

National Average
$103,000

▼10%

▼26%

Skills That Affect Business Unit Manager Salaries

Product Development
▲61%

Engineering Design
▲55%

Strategic Marketing
▲45%

Business Development
▲8%


Profit & Loss (P&L) Statements
▲6%

Manufacturing Process Engineering
▲6%

Strategic Planning
▲4%

National Average
$103,000



Sales
▼11%

Financial Analysis
▼17%

Team Leadership
▼23%

Project Management
▼28%

Budget Management
▼41%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
1%
1-4 years
9%
5-9 years
25%
10-19 years
41%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 69%
no benefits
None: 8%