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The differences between business unit 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 unit leader and a new business manager. Additionally, a business unit leader has an average salary of $111,361, which is higher than the $93,395 average annual salary of a new business manager.
The top three skills for a business unit leader include continuous improvement, quality standards and lean manufacturing. The most important skills for a new business manager are customer service, business plan, and business development.
| Business Unit Leader | New Business Manager | |
| Yearly salary | $111,361 | $93,395 |
| Hourly rate | $53.54 | $44.90 |
| Growth rate | 6% | 6% |
| Number of jobs | 88,824 | 282,416 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
A Business Unit Leader manages growth initiatives such as future acquisition opportunities, strategic partnerships, and organic innovation. These professionals control strategy deployment to ensure operational productivity and economy. They offer this service to sites focusing on Human Resources, Information Technology, Lead Operation, Lean Accounting, Lead Process, Strategic Pricing, and more. Business Unit Leaders also lead by promoting talent management, counseling, team concepts, individual development, training, coaching, mentoring, and retaining. They develop and manage the business unit department budget and strategic plan.
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 unit leaders and new business managers have different pay scales, as shown below.
| Business Unit Leader | New Business Manager | |
| Average salary | $111,361 | $93,395 |
| Salary range | Between $64,000 And $191,000 | Between $55,000 And $158,000 |
| Highest paying City | Washington, DC | New Rochelle, NY |
| Highest paying state | New York | New York |
| Best paying company | Goldman Sachs | Apple |
| Best paying industry | Manufacturing | Energy |
There are a few differences between a business unit leader and a new business manager in terms of educational background:
| Business Unit Leader | New Business Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business unit leaders' and new business managers' demographics:
| Business Unit Leader | New Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 81.1% Female, 18.9% | 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, 67.7% 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% |