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The differences between business editors and managing editors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business editor and a managing editor. Additionally, a managing editor has an average salary of $89,060, which is higher than the $57,160 average annual salary of a business editor.
The top three skills for a business editor include SEO, editorial content and real estate. The most important skills for a managing editor are web content, editorial content, and SEO.
| Business Editor | Managing Editor | |
| Yearly salary | $57,160 | $89,060 |
| Hourly rate | $27.48 | $42.82 |
| Growth rate | -5% | -5% |
| Number of jobs | 48,491 | 16,781 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 81% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A business editor oversees the operations of the business news department of publication companies or similar establishments. Although their duties vary upon their place or company of employment, it usually includes taking on a managerial role wherein they must manage a group of business writers, delegate responsibilities, assign business events to reporters, set deadlines, and develop strategies to gain the public's interest. They also participate in writing news materials, proofreading articles, conducting interviews, and establishing guidelines. Moreover, a business editor maintains an open and transparent communication line with fellow editors for an efficient workflow.
Managing editors are individuals who coordinate and oversee the editorial activities of a publication. They administer the daily operations or a website or publication, such as generating ideas and planning and editing content. Their responsibilities include the recruitment, promotion, and firing of staff members. They even create and implement deadlines. Great managing editors are those who are updated on the latest trends and make informed decisions. They should also be equipped with skills in management and coaching.
Business editors and managing editors have different pay scales, as shown below.
| Business Editor | Managing Editor | |
| Average salary | $57,160 | $89,060 |
| Salary range | Between $41,000 And $79,000 | Between $59,000 And $132,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | IBM | Federal Reserve Bank |
| Best paying industry | Pharmaceutical | Media |
There are a few differences between a business editor and a managing editor in terms of educational background:
| Business Editor | Managing Editor | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 81% |
| Most common major | Journalism | Journalism |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business editors' and managing editors' demographics:
| Business Editor | Managing Editor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.3% Female, 39.7% | Male, 46.6% Female, 53.4% |
| Race ratio | Black or African American, 3.6% Unknown, 4.6% Hispanic or Latino, 8.1% Asian, 7.3% White, 76.2% American Indian and Alaska Native, 0.3% | Black or African American, 3.5% Unknown, 4.6% Hispanic or Latino, 7.9% Asian, 7.1% White, 76.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 12% |