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The differences between new business managers and 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 manager. Additionally, a new business manager has an average salary of $93,395, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a new business manager include customer service, business plan and business development. The most important skills for a manager are customer service, payroll, and food safety.
| New Business Manager | Manager | |
| Yearly salary | $93,395 | $58,651 |
| Hourly rate | $44.90 | $28.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 282,416 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 49% |
| 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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
New business managers and managers have different pay scales, as shown below.
| New Business Manager | Manager | |
| Average salary | $93,395 | $58,651 |
| Salary range | Between $55,000 And $158,000 | Between $37,000 And $92,000 |
| Highest paying City | New Rochelle, NY | - |
| Highest paying state | New York | New Jersey |
| Best paying company | Apple | - |
| Best paying industry | Energy | Finance |
There are a few differences between a new business manager and a manager in terms of educational background:
| New Business Manager | Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between new business managers' and managers' demographics:
| New Business Manager | Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.1% Female, 39.9% | Male, 51.0% Female, 49.0% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |