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The differences between assistant business managers and new business managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an assistant business manager and a new business manager. Additionally, a new business manager has an average salary of $93,395, which is higher than the $74,300 average annual salary of an assistant business manager.
The top three skills for an assistant business manager include customer service, yardi and market research. The most important skills for a new business manager are customer service, business plan, and business development.
| Assistant Business Manager | New Business Manager | |
| Yearly salary | $74,300 | $93,395 |
| Hourly rate | $35.72 | $44.90 |
| Growth rate | 6% | 6% |
| Number of jobs | 342,778 | 282,416 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Assistant business managers perform the liaising of clients. The managers prepare presentations, maintain calendars, update company records, and write reports. They find solutions to the issues raised by their customers and complete the other tasks given to them. It is their responsibility to oversee the support services of organizations. They supervise office staff and administrative assistants. Also, they set the deadlines for corporate goals other than the budget and work schedules. Skills in leadership, communication, and business management are necessary for this job.
A new business manager is responsible for reaching out to existing and potential clients and identify new business opportunities that would generate more revenue resources for the company and increase profitability. Business managers supervise client portfolios and ensure long business relationships by maintaining the highest client satisfaction and efficient deliverables. They also analyze the financial status and sales performance of the company and determine techniques to minimize loss and increase productivity. A new business manager studies recent market trends to develop services that meet public demands and interests.
Assistant business managers and new business managers have different pay scales, as shown below.
| Assistant Business Manager | New Business Manager | |
| Average salary | $74,300 | $93,395 |
| Salary range | Between $51,000 And $107,000 | Between $55,000 And $158,000 |
| Highest paying City | Bremerton, WA | New Rochelle, NY |
| Highest paying state | New York | New York |
| Best paying company | HSBC Bank | Apple |
| Best paying industry | Retail | Energy |
There are a few differences between an assistant business manager and a new business manager in terms of educational background:
| Assistant Business Manager | New Business Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant business managers' and new business managers' demographics:
| Assistant Business Manager | New Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 33.2% Female, 66.8% | Male, 60.1% Female, 39.9% |
| Race ratio | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |