Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between new business managers and lead 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 new business manager and a lead manager. Additionally, a lead manager has an average salary of $101,883, which is higher than the $93,395 average annual salary of a new business manager.
The top three skills for a new business manager include customer service, business plan and business development. The most important skills for a lead manager are safety procedures, sales floor, and gross margin.
| New Business Manager | Lead Manager | |
| Yearly salary | $93,395 | $101,883 |
| Hourly rate | $44.90 | $48.98 |
| Growth rate | 6% | 6% |
| Number of jobs | 282,416 | 385,395 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 52% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
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.
A lead manager is primarily in charge of overseeing the progress of a particular office or department. Although the responsibilities will vary depending on their industry, it will typically revolve around producing progress reports, reviewing documentation and transactions, managing the budget, procuring supplies, and devising strategies to generate leads and reach goals faster. Furthermore, as a lead manager, it is essential to spearhead projects and encourage staff, all while implementing the company's policies and regulations.
New business managers and lead managers have different pay scales, as shown below.
| New Business Manager | Lead Manager | |
| Average salary | $93,395 | $101,883 |
| Salary range | Between $55,000 And $158,000 | Between $73,000 And $140,000 |
| Highest paying City | New Rochelle, NY | New York, NY |
| Highest paying state | New York | Alaska |
| Best paying company | Apple | Trulia |
| Best paying industry | Energy | Retail |
There are a few differences between a new business manager and a lead manager in terms of educational background:
| New Business Manager | Lead Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between new business managers' and lead managers' demographics:
| New Business Manager | Lead Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.1% Female, 39.9% | Male, 54.2% Female, 45.8% |
| Race ratio | 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% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |