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The differences between business administrator managers and business owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a business administrator manager, becoming a business owner takes usually requires 4-6 years. Additionally, a business administrator manager has an average salary of $67,784, which is higher than the $50,934 average annual salary of a business owner.
The top three skills for a business administrator manager include business administration, payroll and human resources. The most important skills for a business owner are customer service, payroll, and financial statements.
| Business Administrator Manager | Business Owner | |
| Yearly salary | $67,784 | $50,934 |
| Hourly rate | $32.59 | $24.49 |
| Growth rate | 7% | 6% |
| Number of jobs | 118,977 | 107,663 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 52% |
| Average age | 50 | 44 |
| Years of experience | 2 | 6 |
A business administrator manager is in charge of supervising the daily company operations and developing strategies for business growth. They usually have the responsibility to manage staff and set objectives, establish timelines, coordinate with internal and external parties, negotiate contracts with suppliers, and build positive relationships with key clients. They also conduct research and analyses to find new business opportunities, assess existing programs and projects, and implement solutions against vulnerable areas. Moreover, they lead and encourage teams to reach goals while promoting the company's standards and policies.
Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.
Business administrator managers and business owners have different pay scales, as shown below.
| Business Administrator Manager | Business Owner | |
| Average salary | $67,784 | $50,934 |
| Salary range | Between $46,000 And $97,000 | Between $27,000 And $94,000 |
| Highest paying City | Harrison, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Citi | BD |
| Best paying industry | Technology | Retail |
There are a few differences between a business administrator manager and a business owner in terms of educational background:
| Business Administrator Manager | Business Owner | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business administrator managers' and business owners' demographics:
| Business Administrator Manager | Business Owner | |
| Average age | 50 | 44 |
| Gender ratio | Male, 30.3% Female, 69.7% | Male, 51.4% Female, 48.6% |
| Race ratio | Black or African American, 10.0% Unknown, 4.3% Hispanic or Latino, 13.8% Asian, 4.3% White, 67.1% American Indian and Alaska Native, 0.5% | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 5% | 10% |