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Working As A Business Manager

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $87,000

    Average Salary

What Does A Business Manager Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Business Manager

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Average Length of Employment
Business Owner 6.0 years
Business Manager 4.0 years
Business Director 3.3 years
Top Careers Before Business Manager
Manager 6.1%
Accountant 4.5%
Internship 4.1%
Controller 3.2%
Bookkeeper 3.1%
Consultant 3.0%
Top Careers After Business Manager
Manager 6.2%
Owner 5.6%
Consultant 5.4%
Controller 5.4%
Accountant 3.8%
Director 3.7%
Bookkeeper 3.6%

Do you work as a Business Manager?

Average Yearly Salary
$87,000
Show Salaries
$57,000
Min 10%
$87,000
Median 50%
$87,000
Median 50%
$87,000
Median 50%
$87,000
Median 50%
$87,000
Median 50%
$87,000
Median 50%
$87,000
Median 50%
$133,000
Max 90%
Best Paying Company
Infosys Public Services
Highest Paying City
New York, NY
Highest Paying State
Connecticut
Avg Experience Level
4.0 years
How much does a Business Manager make at top companies?
The national average salary for a Business Manager in the United States is $87,373 per year or $42 per hour. Those in the bottom 10 percent make under $57,000 a year, and the top 10 percent make over $133,000.

The largest raises come from changing jobs.

See what's out there.

Real Business Manager Salaries

Job Title Company Location Start Date Salary
Manager Business Banking Manufacturers and Traders Trust Company Sep 13, 2016 $300,000
Business Strategy Manager Coursera Inc. May 16, 2016 $225,000
Executive Business Manager Maxim Integrated Products, Inc. Feb 10, 2015 $207,709
Business Strategy Manager Accenture LLP Jun 05, 2015 $195,000
Business Strategy Manager Accenture LLP May 13, 2015 $195,000
Business Strategy Manager Accenture LLP May 13, 2015 $195,000
Business Strategy Manager Accenture LLP Nov 23, 2016 $191,400
Country Business Manager Babynes US Gerber Products Company Oct 01, 2015 $190,000 -
$210,000
Business Industrialization Manager Accenture LLP Aug 16, 2016 $185,000
Business Industrialization Manager Accenture LLP Aug 16, 2016 $185,000
Business Industrialization Manager Accenture LLP Aug 16, 2016 $185,000
Business Manager, Technology Innovations FQG Holding LLC Oct 01, 2015 $180,000
Business Strategy Manager Hewlett-Packard Enterprise Company Mar 03, 2016 $175,000 -
$206,700
Business Manager Citibank, N.A. Feb 09, 2015 $175,000
Business Manager Capital One Advisors LLC Mar 14, 2016 $119,600 -
$155,300
Business Optimization Manager Baker Hughes, Inc. Sep 21, 2015 $119,309
Business Manager U.S.A. Gateway Inc. Apr 13, 2016 $118,700 -
$120,000
Business Valuation Manager Deloitte Transactions and Business Analytics LLP Mar 16, 2015 $118,000
Business Valuation Manager Deloitte Transactions & Business Analytics, LLP Oct 13, 2016 $117,437 -
$151,000
Hospitality Business Manager Standard High Line Employer, LLC Jul 20, 2016 $117,437
Business Valuation Manager Deloitte Transactions & Business Analytics, LLP Sep 28, 2016 $116,004 -
$151,000
Business Manager Prestige Management Realty LLC Oct 26, 2015 $116,000
Business Manager Capital One, National Association Jan 13, 2015 $99,000 -
$135,000
Business Manager Capital One, National Association Jul 24, 2015 $99,000 -
$135,000
ERP Functional Business Manager HERC Rentals Inc. Jun 09, 2016 $99,000 -
$124,000
Business Consulting Manager NTT Data, Inc. Oct 28, 2015 $98,904
Business Manager Trade Lines Inc. Dec 22, 2016 $98,634
Business Manager Capital One, National Association Sep 12, 2015 $98,500 -
$104,000
Business Devel. Manager.-Latin America & European Dist. GP Acoustics (Us), Inc. Apr 17, 2016 $98,155
Business Manager LPB Ventures Inc. Apr 27, 2016 $98,000

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Top Skills for A Business Manager

  1. Financial Statements
  2. Income Tax Returns
  3. Customer Service
You can check out examples of real life uses of top skills on resumes here:
  • Prepared financial statements, invoices, and leases; managed rental properties and utilized comparative market analysis to develop business strategies.
  • Prepared corporate and individual income tax returns.
  • Direct management responsibility for; Engineering, Quality, Regulatory, Purchasing, Customer Service, Production, Warehousing and Distribution.
  • Participated with management team in development and observance of annual budgets and provide analyses to ensure compliance with established budgets.
  • Maintained a strong cash position by vigilantly monitoring revenue stream and effectively directing student accounts receivables and collections.

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Average Salary:

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Top 10 Best States for Business Managers

  1. Delaware
  2. New York
  3. West Virginia
  4. Connecticut
  5. New Jersey
  6. Rhode Island
  7. Texas
  8. Virginia
  9. California
  10. Pennsylvania
  • (352 jobs)
  • (4,920 jobs)
  • (491 jobs)
  • (1,156 jobs)
  • (2,864 jobs)
  • (256 jobs)
  • (8,156 jobs)
  • (3,337 jobs)
  • (12,179 jobs)
  • (3,699 jobs)

Business Manager Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 45,871 Business Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Business Manager Resume

View Resume Examples

Business Manager Demographics

Gender

Female

54.3%

Male

41.6%

Unknown

4.1%
Ethnicity

White

62.8%

Hispanic or Latino

14.5%

Black or African American

11.4%

Asian

7.5%

Unknown

3.8%
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Foreign Languages Spoken

Spanish

48.0%

French

11.3%

Chinese

5.5%

Portuguese

5.2%

German

4.9%

Italian

3.9%

Mandarin

3.9%

Arabic

3.3%

Russian

2.4%

Japanese

2.2%

Hindi

1.6%

Korean

1.4%

Carrier

1.2%

Vietnamese

1.1%

Cantonese

0.9%

Greek

0.8%

Dutch

0.6%

Urdu

0.6%

Polish

0.6%

Filipino

0.5%
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Business Manager Education

Schools

Strayer University

6.7%

Pennsylvania State University

6.6%

New York University

6.5%

Michigan State University

5.5%

Georgia State University

5.3%

University of Houston

5.3%

Florida State University

5.2%

Ohio State University

5.2%

Arizona State University

4.9%

University of Texas at Austin

4.7%

University of Washington

4.7%

Webster University

4.6%

University of Pittsburgh -

4.6%

University of Florida

4.5%

Texas A&M University

4.5%

Southern New Hampshire University

4.4%

Ashford University

4.4%

DePaul University

4.2%

University of Georgia

4.1%

University of Arizona

4.1%
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Majors

Business

41.0%

Accounting

13.3%

Finance

6.1%

Management

5.3%

Marketing

5.2%

Communication

3.6%

Psychology

3.6%

Health Care Administration

2.1%

Political Science

1.9%

Criminal Justice

1.9%

English

1.9%

Nursing

1.8%

Economics

1.8%

Human Resources Management

1.7%

Liberal Arts

1.7%

Education

1.7%

Computer Science

1.6%

General Studies

1.5%

Law

1.2%

Cosmetology

1.1%
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Degrees

Bachelors

49.5%

Masters

21.0%

Associate

12.4%

High School Diploma

7.4%

Certificate

5.6%

Diploma

1.8%

Doctorate

1.3%

License

0.9%
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What Is It Like To Work As A Business Manager

5.0

Becoming a business manager

May 6, 2019 on Zippia

What was your job title?

Business Manager.. Show More

What do you like the most about working as Business Manager?

I am able to stay organized and able to help other do there job correctly and ask questions when needed.. Show More

What do you NOT like?

People lacking an not doing what they are told to do and when they don't show up on time.. Show More

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Updated May 18, 2020