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Working as a New Business Manager

There is more than meets the eye when it comes to being a new business manager. For example, did you know that they make an average of $49.96 an hour? That's $103,925 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a New Business Manager Do

There are certain skills that many new business managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, leadership skills and management skills.

When it comes to the most important skills required to be a new business manager, we found that a lot of resumes listed 20.2% of new business managers included customer service, while 15.7% of resumes included business development, and 13.1% of resumes included new clients. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the new business manager job title. But what industry to start with? Most new business managers actually find jobs in the insurance and retail industries.

How To Become a New Business Manager

If you're interested in becoming a new business manager, one of the first things to consider is how much education you need. We've determined that 49.5% of new business managers have a bachelor's degree. In terms of higher education levels, we found that 18.3% of new business managers have master's degrees. Even though most new business managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a new business manager. When we researched the most common majors for a new business manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on new business manager resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a new business manager. In fact, many new business manager jobs require experience in a role such as sales manager. Meanwhile, many new business managers also have previous career experience in roles such as manager or customer service representative.

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Average Salary$103,925
Job Growth Rate6%

New Business Manager Career Paths

Top Careers Before New Business Manager

Manager
7.8 %

Top Careers After New Business Manager

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a New Business Manager

New Business Managers in America make an average salary of $103,925 per year or $50 per hour. The top 10 percent makes over $158,000 per year, while the bottom 10 percent under $68,000 per year.
Average Salary
$103,925

Best Paying Cities

City
Average Salary
Stamford, CT
Salary Range86k - 173k$122k$122,443
New York, NY
Salary Range84k - 169k$120k$119,678
San Francisco, CA
Salary Range80k - 164k$115k$114,797
Washington, DC
Salary Range71k - 140k$100k$100,290
McLean, VA
Salary Range70k - 137k$98k$98,409
Pompano Beach, FL
Salary Range65k - 144k$97k$97,310
$46k
$173k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Business Manager C New Bolton Center
Business Manager C New Bolton Center
University of Pennsylvania
University of Pennsylvania
08/13/2020
08/13/2020
$59,70308/13/2020
$59,703
Business Manager-New Location Shoppes at Ramsey
Business Manager-New Location Shoppes at Ramsey
Massage Envy
Massage Envy
06/09/2020
06/09/2020
$50,00006/09/2020
$50,000
Manager of Thermal Processing Vineland, New Jersey REC
Manager of Thermal Processing Vineland, New Jersey REC
ESR Healthcare
ESR Healthcare
03/27/2020
03/27/2020
$80,00003/27/2020
$80,000
New England New Business Manager
New England New Business Manager
Leap Group Holdings, Inc.
Leap Group Holdings, Inc.
08/22/2019
08/22/2019
$100,00008/22/2019
$100,000
New England New Business Manager
New England New Business Manager
Leap Group Holdings, Inc.
Leap Group Holdings, Inc.
08/21/2019
08/21/2019
$100,00008/21/2019
$100,000
See More Recent Salaries

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New Business Manager Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a New Business Manager. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a New Business Manager Resume

At Zippia, we went through countless New Business Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

New Business Manager Demographics

Gender

male

57.7 %

female

38.4 %

unknown

3.9 %

Ethnicity

White

72.4 %

Hispanic or Latino

13.2 %

Asian

6.1 %

Foreign Languages Spoken

Spanish

41.5 %

French

13.4 %

Italian

7.3 %
See More Demographics

New Business Manager Education

Majors

Business
38.8 %
Finance
8.3 %

Degrees

Bachelors

49.5 %

Masters

18.3 %

Associate

13.0 %

Top Colleges for New Business Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. Pennsylvania State University

University Park, PA • Public

In-State Tuition
$18,454
Enrollment
40,108

6. University of Texas at Austin

Austin, TX • Public

In-State Tuition
$10,610
Enrollment
40,329

7. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

8. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

9. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a New Business Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.2% of new business managers listed customer service on their resume, but soft skills such as communication skills and leadership skills are important as well.

Best States For a New Business Manager

Some places are better than others when it comes to starting a career as a new business manager. The best states for people in this position are Rhode Island, Connecticut, New York, and Nevada. New business managers make the most in Rhode Island with an average salary of $128,136. Whereas in Connecticut and New York, they would average $118,033 and $115,423, respectively. While new business managers would only make an average of $113,070 in Nevada, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total New Business Manager Jobs:
4,094
Highest 10% Earn:
$201,000
Location Quotient:
1.15
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total New Business Manager Jobs:
874
Highest 10% Earn:
$205,000
Location Quotient:
1.02
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Nevada

Total New Business Manager Jobs:
465
Highest 10% Earn:
$201,000
Location Quotient:
0.96
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top New Business Manager Employers

1. Prudential Financial
4.7
Avg. Salary: 
$104,685
New Business Managers Hired: 
24+
2. Transamerica Corporation
4.2
Avg. Salary: 
$100,582
New Business Managers Hired: 
21+
3. Aramark
4.1
Avg. Salary: 
$94,445
New Business Managers Hired: 
20+
4. Genworth Financial
4.8
Avg. Salary: 
$114,508
New Business Managers Hired: 
19+
5. Cigna
4.8
Avg. Salary: 
$97,181
New Business Managers Hired: 
13+
6. MetLife
4.8
Avg. Salary: 
$114,779
New Business Managers Hired: 
13+

New Business Manager Videos

Updated October 2, 2020