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Become A New Business Manager

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Working As A New Business Manager

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $80,000

    Average Salary

What Does A New Business Manager Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A New Business Manager

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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New Business Manager jobs

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New Business Manager Career Paths

New Business Manager
General Sales Manager General Manager
Account Manager
5 Yearsyrs
Sales Manager Regional Sales Manager
Director Of Sales
10 Yearsyrs
Sales Manager Operations Manager
General Manager
7 Yearsyrs
Marketing Director Sales Consultant
General Sales Manager
8 Yearsyrs
Director Of Sales Marketing Consultant
Marketing Manager
6 Yearsyrs
Business Manager Territory Manager
National Account Manager
8 Yearsyrs
Marketing Manager Regional Sales Manager
National Sales Manager
10 Yearsyrs
Marketing Director Senior Technician Specialist
Operations Manager
7 Yearsyrs
Regional Manager Sales Consultant
Regional Accounts Manager
8 Yearsyrs
Director Of Sales Director Of Sales And Marketing
Regional Sales Director
10 Yearsyrs
Operations Manager Account Executive
Regional Sales Manager
9 Yearsyrs
General Sales Manager Director Of Sales
Regional Vice President
11 Yearsyrs
General Manager Account Executive
Sales Manager
5 Yearsyrs
General Manager Account Manager
Senior Account Manager
7 Yearsyrs
Regional Manager National Sales Manager
Senior Sales Manager
7 Yearsyrs
Marketing Manager Director Of Sales
Senior Vice President, Sales
14 Yearsyrs
Business Manager National Account Manager
Strategic Accounts Manager
9 Yearsyrs
Operations Manager General Manager
Vice President & General Manager
12 Yearsyrs
Business Development Manager Director Of Sales And Operations
Vice President Of Sales & Operations
12 Yearsyrs
Business Development Manager Senior Product Manager
Vice President, Product Management
13 Yearsyrs
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New Business Manager Demographics

Gender

Male

57.0%

Female

41.3%

Unknown

1.7%
Ethnicity

White

80.4%

Hispanic or Latino

10.8%

Asian

6.5%

Unknown

1.5%

Black or African American

0.8%
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Languages Spoken

Spanish

37.7%

French

15.9%

German

5.8%

Italian

5.8%

Japanese

4.3%

Russian

2.9%

Chinese

2.9%

Cantonese

2.9%

Carrier

2.9%

Mandarin

2.9%

Korean

2.9%

Swedish

1.4%

Danish

1.4%

Czech

1.4%

Turkish

1.4%

Greek

1.4%

Urdu

1.4%

Slovak

1.4%

Hindi

1.4%

Norwegian

1.4%
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New Business Manager Education

Schools

University of Phoenix

16.3%

Temple University

6.7%

Northeastern University

6.7%

Pennsylvania State University

5.9%

Florida State University

5.9%

Villanova University

4.4%

University of Iowa

4.4%

Case Western Reserve University

4.4%

Central Connecticut State University

4.4%

Boston University

4.4%

Liberty University

4.4%

Hofstra University

4.4%

New York University

3.7%

University of Rhode Island

3.7%

Northwestern University

3.7%

University of Connecticut

3.7%

University of Wisconsin - Milwaukee

3.7%

Southern Connecticut State University

3.0%

Pace University - New York

3.0%

University of Northern Iowa

3.0%
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Majors

Business

35.8%

Marketing

9.4%

Finance

8.6%

Communication

5.6%

Management

5.1%

Psychology

3.9%

Accounting

3.5%

Economics

3.1%

Liberal Arts

2.9%

English

2.8%

Political Science

2.6%

Criminal Justice

2.5%

History

2.3%

Nursing

1.9%

Education

1.9%

General Studies

1.7%

Biology

1.7%

Human Resources Management

1.7%

Computer Science

1.5%

General Sales

1.5%
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Degrees

Bachelors

42.9%

Other

24.7%

Masters

18.6%

Associate

7.6%

Certificate

2.9%

Doctorate

1.5%

Diploma

1.3%

License

0.6%
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Part Time
Internship
Temporary

Real New Business Manager Salaries

Job Title Company Location Start Date Salary
New Ventures Manager Murphy Exploration & Production Co. Houston, TX Jun 10, 2015 $260,000
Business Execution Manager, New York Australia and New Zealand Banking Group Limited New York, NY Jul 15, 2016 $200,000
Business Execution Manager, New York Australia and New Zealand Banking Group New York, NY Oct 06, 2014 $200,000
Manager New Ventures S. C. Johnson & Son, Inc. Racine, WI Mar 21, 2016 $155,542
Head of New Business, US West Coast Netnames USA, Inc. San Francisco, CA Jan 01, 2016 $120,000
Global New Business Manager EURO RSCG Worldwide LLC New York, NY Sep 01, 2011 $120,000
Manager, Theatrical New Release Forecasting Warner Bros. Home Entertainment Inc. Burbank, CA Sep 16, 2012 $101,216
Challenge Manager, Scaling New Metrics The B Team Headquarters Inc. New York, NY Apr 01, 2015 $100,000
Head of New Business and Strategy Swychd, Inc. New York, NY Jan 03, 2014 $90,000
Head of New Business and Strategy Swychd, Inc. New York, NY Mar 01, 2014 $90,000
Manager, New Release Forecasting Warner Bros. Home Entertainment Inc. Burbank, CA Sep 24, 2010 $86,856
Manager, New York Blue Sky Alternative Investments LLC New York, NY Jan 12, 2016 $85,000 -
$95,000
Business Manager, New Ventures The Metrohealth System Cleveland, OH Jan 08, 2016 $74,255
New Business Manager Premier Hytemp, Inc. Houston, TX Oct 01, 2011 $73,074
New Ventures Manager The Texas A&M University System College Station, TX Apr 15, 2014 $72,779
New Ventures Manager The Texas A&M University System College Station, TX Dec 15, 2011 $71,000

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Top Skills for A New Business Manager

FinancialAdvisorsProductDevelopmentProceduresCustomerServiceEnsureComplianceInsuranceCarriersNewCarDepartmentLifeInsuranceApplicationsAnnuityApplicationsBusinessDevelopmentUnderwritingRequirementsNewVehicleInventoryNewAccountsInternetCustomerSatisfactionSalesStaffNewClientsNewCarSalesMedicalRecordsCSI

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Top New Business Manager Skills

  1. Financial Advisors
  2. Product Development
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Collaborated with financial advisors to prepare all necessary illustrations for client meetings in order to determine the appropriate insurance product.
  • Established strategic alignment between U.S. Department of Defense (DoD) technology focus areas and company projects for product development opportunities.
  • Trained other team members on procedures used in daily compliance.
  • Supervised workforce of 30-50 customer service representatives (30 direct reports) in a call center environment.
  • Assisted in monitoring day-to-day broker dealer operations to ensure compliance with applicable laws, rules, and regulations.

Top New Business Manager Employers

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New Business Manager Videos

Business Development #2: eight key skills

Career Advice on becoming a Business Development Manager by Victoria P (Full Version)

What Is Business Development

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