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The differences between business product managers and business managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business product manager, becoming a business manager takes usually requires 4-6 years. Additionally, a business product manager has an average salary of $123,607, which is higher than the $83,198 average annual salary of a business manager.
The top three skills for a business product manager include product management, project management and market research. The most important skills for a business manager are customer service, powerpoint, and project management.
| Business Product Manager | Business Manager | |
| Yearly salary | $123,607 | $83,198 |
| Hourly rate | $59.43 | $40.00 |
| Growth rate | 10% | 6% |
| Number of jobs | 189,393 | 377,191 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 65% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
A business product manager is primarily in charge of overseeing a company's product and service development procedures, ensuring quality and marketability. Their responsibilities typically revolve around gathering and analyzing data to understand and identify product requirements, coordinating with the engineering and quality control teams, determining the marketing opportunities, managing the roadmaps, and developing strategies to meet the consumers' needs. Furthermore, as a business product manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
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.
Business product managers and business managers have different pay scales, as shown below.
| Business Product Manager | Business Manager | |
| Average salary | $123,607 | $83,198 |
| Salary range | Between $88,000 And $173,000 | Between $47,000 And $145,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Meta | The Citadel |
| Best paying industry | - | Technology |
There are a few differences between a business product manager and a business manager in terms of educational background:
| Business Product Manager | Business Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between business product managers' and business managers' demographics:
| Business Product Manager | Business Manager | |
| Average age | 39 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 43.2% Female, 56.8% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 10% | 10% |