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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

  • $83,000

    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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Help others decide if this is a good career for them

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?

Business Manager Demographics

Gender

Female

52.2%

Male

39.3%

Unknown

8.6%
Ethnicity

White

62.8%

Hispanic or Latino

14.5%

Black or African American

11.4%

Asian

7.5%

Unknown

3.8%
Show More
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%
Show More

Business Manager Education

Schools

University of Phoenix

29.4%

Strayer University

5.0%

Michigan State University

4.8%

Pennsylvania State University

4.5%

New York University

4.3%

Southern New Hampshire University

3.7%

University of Texas at Austin

3.6%

University of Pittsburgh -

3.6%

Ohio State University

3.6%

Liberty University

3.6%

Arizona State University

3.6%

Northeastern University

3.6%

University of Maryland - University College

3.5%

Ashford University

3.5%

University of Houston

3.4%

University of Florida

3.3%

Webster University

3.3%

Kaplan University

3.3%

Temple University

3.2%

George Washington University

3.2%
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Majors

Business

42.2%

Accounting

13.1%

Finance

6.2%

Marketing

5.4%

Management

5.4%

Communication

3.4%

Psychology

3.4%

Health Care Administration

2.0%

Human Resources Management

2.0%

Political Science

1.9%

Education

1.8%

English

1.8%

Economics

1.8%

Criminal Justice

1.7%

Computer Science

1.6%

Liberal Arts

1.5%

Nursing

1.4%

General Studies

1.3%

Law

1.2%

General Education, Specific Areas

1.1%
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Degrees

Bachelors

43.6%

Masters

22.7%

Other

18.9%

Associate

8.4%

Certificate

3.5%

Doctorate

1.5%

Diploma

0.8%

License

0.5%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$83,000
View Detailed Salary Report
$50,000
Min 10%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$136,000
Max 90%
Best Paying Company
Accenture Federal Services
Highest Paying City
Redmond, WA
Highest Paying State
Washington
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 $83,629 per year or $40 per hour. Those in the bottom 10 percent make under $51,000 a year, and the top 10 percent make over $137,000.

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 New York, NY Jun 05, 2015 $195,000
Business Strategy Manager Accenture LLP New York, NY May 13, 2015 $195,000
Business Strategy Manager Accenture LLP San Diego, CA May 13, 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 Strategy Manager Hewlett-Packard Enterprise Company Palo Alto, CA Mar 03, 2016 $175,000 -
$206,700
Business Manager Citibank, N.A. New York, NY Feb 09, 2015 $175,000
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
Business Valuation Manager Deloitte Transactions & Business Analytics, LLP New York, NY Oct 13, 2016 $117,437 -
$151,000
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 Sep 28, 2016 $116,004 -
$151,000
Business Manager Prestige Management Realty LLC Doral, FL Oct 26, 2015 $116,000
Business Manager Capital One, National Association Plano, TX Jan 13, 2015 $99,000 -
$135,000
Business Manager Capital One, National Association Plano, TX Jul 24, 2015 $99,000 -
$135,000
ERP Functional Business Manager HERC Rentals Inc. Bonita Springs, FL Jun 09, 2016 $99,000 -
$124,000
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
Business Manager LPB Ventures Inc. Miami, FL Apr 27, 2016 $98,000

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Top Skills for A Business Manager

  1. Financial Statements
  2. Payroll
  3. Customer Service
You can check out examples of real life uses of top skills on resumes here:
  • Organized fragmented databases into an efficient, transparent system for producing financial statements upon Metal Bulletin acquisition of AMM.
  • Managed daily functions of the business, processing orders and shipments, invoices, finances, payroll, and marketing strategies.
  • Delivered excellence in customer service through situation analysis and timely resolve of escalating problems.
  • Accomplished quarterly and annual tax filings to ensure compliance with all government regulations surrounding non-profit organizations and income classification.
  • Monitored and maintained office supplies inventory.

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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Top 10 Best States for Business Managers

  1. Delaware
  2. Texas
  3. Connecticut
  4. California
  5. New York
  6. North Carolina
  7. South Dakota
  8. Rhode Island
  9. Washington
  10. Massachusetts
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  • (2,931 jobs)

Top Business Manager Employers

Jobs From Top Business Manager Employers

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