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The differences between business managers and business manager-finance managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business manager, becoming a business manager-finance manager takes usually requires 6-8 years. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $83,198 average annual salary of a business manager.
The top three skills for a business manager include customer service, powerpoint and project management. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.
| Business Manager | Business Manager-Finance Manager | |
| Yearly salary | $83,198 | $106,036 |
| Hourly rate | $40.00 | $50.98 |
| Growth rate | 6% | 17% |
| Number of jobs | 377,191 | 180,161 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 64% |
| Average age | 44 | 46 |
| Years of experience | 6 | 8 |
A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.
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.
Business managers and business manager-finance managers have different pay scales, as shown below.
| Business Manager | Business Manager-Finance Manager | |
| Average salary | $83,198 | $106,036 |
| Salary range | Between $47,000 And $145,000 | Between $73,000 And $152,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | The Citadel | ZS |
| Best paying industry | Technology | Finance |
There are a few differences between a business manager and a business manager-finance manager in terms of educational background:
| Business Manager | Business Manager-Finance Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business managers' and business manager-finance managers' demographics:
| Business Manager | Business Manager-Finance Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 43.2% Female, 56.8% | Male, 58.8% Female, 41.2% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 11% |