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The differences between business leaders 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 a business leader and a new business manager. Additionally, a new business manager has an average salary of $93,395, which is higher than the $90,430 average annual salary of a business leader.
The top three skills for a business leader include analytics, project management and customer service. The most important skills for a new business manager are customer service, business plan, and business development.
| Business Leader | New Business Manager | |
| Yearly salary | $90,430 | $93,395 |
| Hourly rate | $43.48 | $44.90 |
| Growth rate | 6% | 6% |
| Number of jobs | 117,296 | 282,416 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Business Leaders are considered trailblazers in their field. They are innovative thinkers who often introduce solutions to their industry's challenges. They inspire people pursuing careers in their field and even those outside the industry to strive harder and create their paths to success. Employees often look up to Business Leaders, which is why they must be motivating. They also oversee their business operations and often set long-term targets and strategies to achieve these targets. They think outside the box to set their business apart from their competitors.
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.
Business leaders and new business managers have different pay scales, as shown below.
| Business Leader | New Business Manager | |
| Average salary | $90,430 | $93,395 |
| Salary range | Between $56,000 And $145,000 | Between $55,000 And $158,000 |
| Highest paying City | New York, NY | New Rochelle, NY |
| Highest paying state | New York | New York |
| Best paying company | Lyft | Apple |
| Best paying industry | Pharmaceutical | Energy |
There are a few differences between a business leader and a new business manager in terms of educational background:
| Business Leader | New Business Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business leaders' and new business managers' demographics:
| Business Leader | New Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 60.1% Female, 39.9% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% 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% |