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Business manager vs business manager-finance manager

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 vs business manager-finance manager overview

Business ManagerBusiness Manager-Finance Manager
Yearly salary$83,198$106,036
Hourly rate$40.00$50.98
Growth rate6%17%
Number of jobs377,191180,161
Job satisfaction5-
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 64%
Average age4446
Years of experience68

What does a business manager do?

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.

What does a business manager-finance manager do?

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 manager vs business manager-finance manager salary

Business managers and business manager-finance managers have different pay scales, as shown below.

Business ManagerBusiness Manager-Finance Manager
Average salary$83,198$106,036
Salary rangeBetween $47,000 And $145,000Between $73,000 And $152,000
Highest paying CitySeattle, WASan Francisco, CA
Highest paying stateWashingtonCalifornia
Best paying companyThe CitadelZS
Best paying industryTechnologyFinance

Differences between business manager and business manager-finance manager education

There are a few differences between a business manager and a business manager-finance manager in terms of educational background:

Business ManagerBusiness Manager-Finance Manager
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business manager vs business manager-finance manager demographics

Here are the differences between business managers' and business manager-finance managers' demographics:

Business ManagerBusiness Manager-Finance Manager
Average age4446
Gender ratioMale, 43.2% Female, 56.8%Male, 58.8% Female, 41.2%
Race ratioBlack 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 Percentage10%11%

Differences between business manager and business manager-finance manager duties and responsibilities

Business manager example responsibilities.

  • Coordinate and manage hvac projects from estimate to invoice.
  • Manage accounting, treasury, and process improvement initiatives to effect financial turnaround of CMRO business unit.
  • Manage and supervise firm operations on a daily basis including purchases, accounting, scheduling of vendors, attorney and CPA.
  • Create solutions in the areas of invoicing, AR reporting and payment methods that lead to system improvements and streamline processes.
  • Manage all human resource activities, operational processes and financial oversight.
  • Develop internal operating procedures design to achieve efficient clinic operations and maximum service to patients.
  • Show more

Business manager-finance manager example responsibilities.

  • Project manage implementation of ERP forecasting and budgeting system.
  • Manage accounting operations, accounting period closing, account reporting, and reconciliations.
  • Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
  • Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.
  • Execute all aspects of management including payroll, A/R, A/P and OSHA.
  • Establish, coordinate, and supervise treasury functions and international currency management for multiple foreign currency accounts in various countries.
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Business manager vs business manager-finance manager skills

Common business manager skills
  • Customer Service, 21%
  • PowerPoint, 7%
  • Project Management, 6%
  • Human Resources, 6%
  • Payroll Taxes, 5%
  • Business Plan, 4%
Common business manager-finance manager skills
  • Financial Analysis, 12%
  • Project Management, 5%
  • Financial Management, 4%
  • Oversight, 4%
  • Shared Services, 3%
  • Process Improvement, 3%

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