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The differences between new business managers and senior 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 new business manager and a senior business manager. Additionally, a senior business manager has an average salary of $134,737, 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 senior business manager are analytics, project management, and portfolio.
| New Business Manager | Senior Business Manager | |
| Yearly salary | $93,395 | $134,737 |
| Hourly rate | $44.90 | $64.78 |
| Growth rate | 6% | 6% |
| Number of jobs | 282,416 | 303,902 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| 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 senior business manager oversees the daily operations in a company, ensuring efficiency and smooth workflow. Typically, their responsibilities revolve around directing and assessing workforce performance, setting company objectives and goals, and coordinating with different departments to be aware of any issues or concerns. It is also essential to devise strategies to find new sales opportunities, perform research and analysis to identify client needs, and promptly resolve any problems that may arise. Furthermore, as a senior business manager, it is essential to lead and encourage the workforce, all while implementing the company's policies and regulations.
New business managers and senior business managers have different pay scales, as shown below.
| New Business Manager | Senior Business Manager | |
| Average salary | $93,395 | $134,737 |
| Salary range | Between $55,000 And $158,000 | Between $96,000 And $187,000 |
| Highest paying City | New Rochelle, NY | Hartford, CT |
| Highest paying state | New York | Connecticut |
| Best paying company | Apple | Airbnb |
| Best paying industry | Energy | Professional |
There are a few differences between a new business manager and a senior business manager in terms of educational background:
| New Business Manager | Senior Business Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between new business managers' and senior business managers' demographics:
| New Business Manager | Senior Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.1% Female, 39.9% | Male, 64.4% Female, 35.6% |
| 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% |