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The differences between business owners and senior business managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a business owner and a senior business manager. Additionally, a senior business manager has an average salary of $134,737, which is higher than the $50,934 average annual salary of a business owner.
The top three skills for a business owner include customer service, payroll and financial statements. The most important skills for a senior business manager are analytics, project management, and portfolio.
| Business Owner | Senior Business Manager | |
| Yearly salary | $50,934 | $134,737 |
| Hourly rate | $24.49 | $64.78 |
| Growth rate | 6% | 6% |
| Number of jobs | 107,663 | 303,902 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.
A senior business manager oversees the daily operations in a company, ensuring efficiency and smooth workflow. Typically, their responsibilities revolve around directing and assessing workforce performance, setting company objectives and goals, and coordinating with different departments to be aware of any issues or concerns. It is also essential to devise strategies to find new sales opportunities, perform research and analysis to identify client needs, and promptly resolve any problems that may arise. Furthermore, as a senior business manager, it is essential to lead and encourage the workforce, all while implementing the company's policies and regulations.
Business owners and senior business managers have different pay scales, as shown below.
| Business Owner | Senior Business Manager | |
| Average salary | $50,934 | $134,737 |
| Salary range | Between $27,000 And $94,000 | Between $96,000 And $187,000 |
| Highest paying City | Seattle, WA | Hartford, CT |
| Highest paying state | Washington | Connecticut |
| Best paying company | BD | Airbnb |
| Best paying industry | Retail | Professional |
There are a few differences between a business owner and a senior business manager in terms of educational background:
| Business Owner | Senior Business Manager | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business owners' and senior business managers' demographics:
| Business Owner | Senior Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.4% Female, 48.6% | Male, 64.4% Female, 35.6% |
| Race ratio | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |