Based on recent jobs postings on Zippia, the average salary in the U.S. for a Business Manager is $93,924 per year or $45 per hour. The highest paying Business Manager jobs have a salary over $144,000 per year while the lowest paying Business Manager jobs pay $60,000 per year
Controllers are employees in the accounting department who manage the finances of the organization. They are involved in the budget setting activity at the start of the company's fiscal year. Controllers are responsible for ensuring that all departments work within their respective budgets. They have the power to recommend budget cuts due to any unforeseen circumstances that may happen. They also have the ability to veto or forego budget items. Controllers should have accounting skills and auditing skills. They must also be trustworthy and should work with integrity.
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
Sales managers are responsible for leading the organization's sales team. They oversee the progress and performance of the whole team, set area assignments to team members, and set weekly or monthly quotas. Sales managers oversee training team members during onboarding and providing further coaching to help them achieve their goals. They manage the challenges that team members may meet and help mitigate any problems that come along the way. Sales managers also set the strategic direction of the sales team and follow through by ensuring that the team's activities are in line with the goals.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing. They also handle the initial marketing to get customers. Owners/mangers handle human resources activities, such as hiring and training employees. Once the business has launched, they start delegating activities to other employees and may also start assigning leaders to different departments. However, they still oversee the whole operation. Owners/managers are the top decision-makers and ensure that business strategies align with the goals.
Yes, you can make $100,000 per year as a business manager. The chances of earning over $100k for a business manager are actually pretty good because the highest-paid business manager positions typically pay at least $144,000 per year. The average annual salary is $93,924 for business manager jobs. For example, business managers in Washington whose salaries are in the 90th percentile earn an average salary of $215,000.
Yes, being a business manager is a good job. Business management is a growing field that offers significant opportunities for professional growth and interesting work.
Like many careers focused on helping businesses profit, becoming a business manager is a good career move because it has significant potential for growth and high salaries. One of the top reasons to start a career as a business manager is the opportunity to work in almost any field.