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Become A Business Manager

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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

  • $93,000

    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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Business Manager jobs

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Average Length of Employment
Owner/Manager 6.7 years
Business Owner 5.8 years
General Manager 4.8 years
Operations Manager 4.1 years
Business Manager 4.0 years
Finance Manager 3.7 years
Business Partner 3.6 years
E-Business Manager 3.4 years
Business Director 3.3 years
Top Employers Before
Manager 5.7%
Accountant 4.3%
Internship 3.8%
Top Employers After
Manager 5.5%
Consultant 5.2%
Controller 5.1%
Owner 4.9%
Director 3.8%
Accountant 3.6%

Business Manager Demographics

Gender

Female

54.6%

Male

43.2%

Unknown

2.2%
Ethnicity

White

80.2%

Hispanic or Latino

9.5%

Asian

7.8%

Unknown

1.7%

Black or African American

0.7%
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Languages Spoken

Spanish

48.1%

French

11.4%

Chinese

5.8%

German

5.2%

Portuguese

4.7%

Mandarin

4.3%

Italian

4.0%

Arabic

2.9%

Russian

2.0%

Japanese

1.9%

Hindi

1.6%

Korean

1.5%

Carrier

1.3%

Vietnamese

1.0%

Cantonese

1.0%

Greek

0.9%

Dutch

0.6%

Dakota

0.6%

Swahili

0.6%

Polish

0.6%
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Business Manager Education

Schools

University of Phoenix

26.8%

Michigan State University

5.3%

Liberty University

4.8%

Pennsylvania State University

4.4%

Southern New Hampshire University

4.3%

Northeastern University

4.3%

George Washington University

4.2%

Strayer University

4.0%

New York University

4.0%

Syracuse University

3.9%

University of Texas at Austin

3.8%

American InterContinental University

3.8%

Temple University

3.6%

Ashford University

3.5%

Kaplan University

3.4%

Villanova University

3.2%

Northern Illinois University

3.2%

University of Maryland - University College

3.2%

DePaul University

3.1%

Ohio State University

3.1%
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Majors

Business

42.0%

Accounting

12.6%

Finance

6.4%

Marketing

5.8%

Management

5.7%

Psychology

3.4%

Communication

3.3%

Education

1.9%

Health Care Administration

1.9%

Human Resources Management

1.9%

Political Science

1.8%

Economics

1.8%

English

1.7%

Computer Science

1.7%

Criminal Justice

1.6%

Project Management

1.4%

Law

1.3%

Liberal Arts

1.3%

General Education, Specific Areas

1.2%

General Studies

1.2%
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Degrees

Bachelors

42.5%

Masters

24.7%

Other

19.1%

Associate

7.6%

Certificate

3.6%

Doctorate

1.5%

Diploma

0.7%

License

0.4%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Business Manager Salaries

Job Title Company Location Start Date Salary
Manager Business Banking Manufacturers and Traders Trust Company Buffalo, NY Sep 13, 2016 $300,000
Business Strategy Manager Coursera Inc. Mountain View, CA May 16, 2016 $225,000
Executive Business Manager Maxim Integrated Products, Inc. San Jose, CA Feb 10, 2015 $207,709
Business Strategy Manager Accenture LLP San Diego, CA May 13, 2015 $195,000
Business Strategy Manager Accenture LLP New York, NY May 13, 2015 $195,000
Business Strategy Manager Accenture LLP New York, NY Jun 05, 2015 $195,000
Business Strategy Manager Accenture LLP San Francisco, CA Nov 23, 2016 $191,400
Country Business Manager Babynes US Gerber Products Company Florham Park, NJ Oct 01, 2015 $190,000 -
$210,000
Business Industrialization Manager Accenture LLP Boston, MA Aug 16, 2016 $185,000
Business Industrialization Manager Accenture LLP Berwyn, PA Aug 16, 2016 $185,000
Business Industrialization Manager Accenture LLP Woburn, MA Aug 16, 2016 $185,000
Business Manager, Technology Innovations FQG Holding LLC Great Neck, NY Oct 01, 2015 $180,000
Business Manager Citibank, N.A. New York, NY Feb 09, 2015 $175,000
Business Strategy Manager Hewlett-Packard Enterprise Company Palo Alto, CA Mar 03, 2016 $175,000 -
$206,700
Business Manager Capital One Advisors LLC Seattle, WA Mar 14, 2016 $119,600 -
$155,300
Business Optimization Manager Baker Hughes, Inc. Houston, TX Sep 21, 2015 $119,309
Business Manager U.S.A. Gateway Inc. Plano, TX Apr 13, 2016 $118,700 -
$120,000
Business Valuation Manager Deloitte Transactions and Business Analytics LLP Ridgefield, NJ Mar 16, 2015 $118,000
Hospitality Business Manager Standard High Line Employer, LLC New York, NY Jul 20, 2016 $117,437
Business Valuation Manager Deloitte Transactions & Business Analytics, LLP New York, NY Oct 13, 2016 $117,437 -
$151,000
Business Valuation Manager Deloitte Transactions & Business Analytics, LLP New York, NY Sep 28, 2016 $116,004 -
$151,000
Spine Business Manager Orthotech LLC Doral, FL Dec 16, 2015 $116,000
Business Manager Capital One, National Association Plano, TX Jan 13, 2015 $99,000 -
$135,000
ERP Functional Business Manager HERC Rentals Inc. Bonita Springs, FL Jun 09, 2016 $99,000 -
$124,000
Business Manager Capital One, National Association Plano, TX Jul 24, 2015 $99,000 -
$135,000
Business Consulting Manager NTT Data, Inc. Plano, TX Oct 28, 2015 $98,904
Business Manager Trade Lines Inc. South Plainfield, NJ Dec 22, 2016 $98,634
Business Manager Capital One, National Association Plano, TX Sep 12, 2015 $98,500 -
$104,000
Business Devel. Manager.-Latin America & European Dist. GP Acoustics (Us), Inc. Marlboro, NJ Apr 17, 2016 $98,155
TAS Manager-Valuation & Business Modelling Ernst & Young U.S. LLP Houston, TX Aug 04, 2015 $98,000 -
$111,100

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Top Skills for A Business Manager

MonthlyFinancialStatementsPayrollTaxesCustomerServiceEnsureCompliancePersonnelFilesHumanResourcesAccountsReceivablesQuickbooksSafetyAccountsPayablesSuperviseAnnualBudgetProductKnowledgeBusinessPlanPBusinessOperationsGeneralLedgerBusinessDevelopmentSalesGoalsDailyOperations

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Top Business Manager Skills

  1. Monthly Financial Statements
  2. Payroll Taxes
  3. Customer Service
You can check out examples of real life uses of top skills on resumes here:
  • Generated and reviewed monthly financial statements, ensured accuracy and monitored variances for reporting purposes.
  • Managed medical practice payroll and bonus incentives, payroll taxes and tax reporting.
  • Trained and developed a high customer service focus competency to ensure repeat business.
  • Conducted quarterly internal audits to ensure compliance with proper internal controls.
  • Maintain personnel files for 60+ employees and ensure proper filing of I-9s, etc.

Top Business Manager Employers

Business Manager Videos

Business Manager, Career Video from drkit.org

How To Remove Facebook Business Manager

Career Advice on becoming a Business Manager by Louisa J (Highlights)

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