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The differences between business managers and chief executive officers 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 chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, 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 chief executive officer are healthcare, patients, and patient care.
| Business Manager | Chief Executive Officer | |
| Yearly salary | $83,198 | $192,260 |
| Hourly rate | $40.00 | $92.43 |
| Growth rate | 6% | 6% |
| Number of jobs | 377,191 | 149,185 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 59% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
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 chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Business managers and chief executive officers have different pay scales, as shown below.
| Business Manager | Chief Executive Officer | |
| Average salary | $83,198 | $192,260 |
| Salary range | Between $47,000 And $145,000 | Between $104,000 And $354,000 |
| Highest paying City | Seattle, WA | Urban Honolulu, HI |
| Highest paying state | Washington | Hawaii |
| Best paying company | The Citadel | Alecto Healthcare Services LLC |
| Best paying industry | Technology | Start-up |
There are a few differences between a business manager and a chief executive officer in terms of educational background:
| Business Manager | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business managers' and chief executive officers' demographics:
| Business Manager | Chief Executive Officer | |
| Average age | 44 | 52 |
| Gender ratio | Male, 43.2% Female, 56.8% | Male, 68.5% Female, 31.5% |
| 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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |