Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Business manager-finance manager hiring summary. Here are some key points about hiring business manager-finance managers in the United States:
Here's a step-by-step business manager-finance manager hiring guide:
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
First, determine the employments status of the business manager-finance manager you need to hire. Certain business manager-finance manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A business manager-finance manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, business manager-finance managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of business manager-finance managers.
| Type of Business Manager-Finance Manager | Description | Hourly rate |
|---|---|---|
| Business Manager-Finance Manager | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $35-73 |
| Finance Planning Manager | A finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data... Show more | $37-73 |
| Finance Center Manager | The duties of a finance center manager depend on one's place or industry of employment. Typically, they are responsible for overseeing the operations of a financial center, ensuring everything is running smoothly... Show more | $15-50 |
Including a salary range in your business manager-finance manager job description helps attract top candidates to the position. A business manager-finance manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a business manager-finance manager in Arkansas may be lower than in California, and an entry-level business manager-finance manager usually earns less than a senior-level business manager-finance manager. Additionally, a business manager-finance manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $132,738 | $64 |
| 2 | Montana | $116,105 | $56 |
| 3 | Pennsylvania | $116,102 | $56 |
| 4 | Oregon | $115,886 | $56 |
| 5 | Massachusetts | $115,840 | $56 |
| 6 | Delaware | $115,684 | $56 |
| 7 | Maryland | $113,459 | $55 |
| 8 | New York | $110,056 | $53 |
| 9 | Virginia | $106,622 | $51 |
| 10 | Washington | $98,198 | $47 |
| 11 | Illinois | $96,737 | $47 |
| 12 | New Jersey | $96,715 | $47 |
| 13 | West Virginia | $91,323 | $44 |
| 14 | Michigan | $83,778 | $40 |
| 15 | North Carolina | $83,501 | $40 |
| 16 | Indiana | $80,486 | $39 |
| 17 | Texas | $76,920 | $37 |
| 18 | Arkansas | $76,342 | $37 |
| 19 | Colorado | $76,290 | $37 |
| 20 | Georgia | $74,847 | $36 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | ZS | $146,273 | $70.32 | 6 |
| 2 | Citi | $136,528 | $65.64 | 56 |
| 3 | Waymo | $135,853 | $65.31 | 9 |
| 4 | Pacific Gas and Electric | $135,347 | $65.07 | |
| 5 | Palo Alto Networks | $134,246 | $64.54 | 22 |
| 6 | J.P. Morgan | $129,164 | $62.10 | |
| 7 | SIFMA | $126,563 | $60.85 | |
| 8 | Cisco | $125,925 | $60.54 | 23 |
| 9 | Atlantic Capital Bank | $124,404 | $59.81 | 19 |
| 10 | Merrill Lynch | $123,853 | $59.54 | |
| 11 | Nike | $123,258 | $59.26 | 7 |
| 12 | Deutsche Bank | $122,755 | $59.02 | 41 |
| 13 | Goldman Sachs | $122,077 | $58.69 | 15 |
| 14 | JPMorgan Chase & Co. | $119,806 | $57.60 | 880 |
| 15 | Amazon | $119,232 | $57.32 | 439 |
| 16 | Applied Materials | $119,132 | $57.27 | 34 |
| 17 | National Mentor Holdings Inc. | $116,600 | $56.06 | |
| 18 | HarperCollins | $115,161 | $55.37 | 1 |
| 19 | The Dow Chemical Company | $114,208 | $54.91 | |
| 20 | Vizio | $114,075 | $54.84 |
A good business manager-finance manager job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a business manager-finance manager job description:
There are a few common ways to find business manager-finance managers for your business:
To successfully recruit business manager-finance managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the business manager-finance manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting business manager-finance managers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $106,036 per year for a business manager-finance manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for business manager-finance managers in the US typically range between $35 and $73 an hour.