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The differences between business team leaders and new 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 team leader and a new business manager. Additionally, a business team leader has an average salary of $101,197, which is higher than the $93,395 average annual salary of a new business manager.
The top three skills for a business team leader include project management, direct reports and customer satisfaction. The most important skills for a new business manager are customer service, business plan, and business development.
| Business Team Leader | New Business Manager | |
| Yearly salary | $101,197 | $93,395 |
| Hourly rate | $48.65 | $44.90 |
| Growth rate | 6% | 6% |
| Number of jobs | 117,491 | 282,416 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
A business team leader oversees the activities of team members and leads them to reach project goals. They are responsible for establishing objectives and deadlines, setting guidelines, promoting policies and regulations, and developing strategies to complete tasks efficiently. Most business team leaders report directly to managers, regularly coordinating for a smooth workflow. Moreover, a business team leader is also in charge of delegating duties among staff, supervising performances, training new team members, monitoring the team's overall operations, and solving issues and concerns if any arise.
A new business manager is responsible for reaching out to existing and potential clients and identify new business opportunities that would generate more revenue resources for the company and increase profitability. Business managers supervise client portfolios and ensure long business relationships by maintaining the highest client satisfaction and efficient deliverables. They also analyze the financial status and sales performance of the company and determine techniques to minimize loss and increase productivity. A new business manager studies recent market trends to develop services that meet public demands and interests.
Business team leaders and new business managers have different pay scales, as shown below.
| Business Team Leader | New Business Manager | |
| Average salary | $101,197 | $93,395 |
| Salary range | Between $71,000 And $143,000 | Between $55,000 And $158,000 |
| Highest paying City | Mahwah, NJ | New Rochelle, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Meta | Apple |
| Best paying industry | Technology | Energy |
There are a few differences between a business team leader and a new business manager in terms of educational background:
| Business Team Leader | New Business Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business team leaders' and new business managers' demographics:
| Business Team Leader | New Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.2% Female, 40.8% | Male, 60.1% Female, 39.9% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |