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This question is about business manager salaries.
What is the beginning salary for a business manager?
The beginning salary for a business manager is typically around $50,000 in a year. While the median beginning salary for a business manager is only $50,000, the salary for all business managers is typically around $70,000 in a year, and salaries can go up to almost $100,000 a year.
How well working as a business manager can vary due to several factors. These factors include education, experience, industry, location, and organizational structure. This means that highly experienced business managers will typically have access to much higher salaries than those who are entry-level.
For example, a senior-level business manager in a large corporation with over ten years of experience, a master's degree, and multiple direct reports will likely make over $100,000 in a year.
Additionally, business managers who work at a tech company or in healthcare will typically make more than those working for retail companies or manufacturing businesses.
Additionally, the more complex the company, the more opportunities a business manager has for higher salaries due to the opportunity to increase their responsibilities and overview, which comes with higher pay.
Finally, while a minor factor, location can also influence salary. People who live and work in business management in major metropolitan areas on the east and west coasts make more than those who work in smaller cities in the midwest.
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