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The differences between new business managers and unit 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 unit manager. Additionally, a new business manager has an average salary of $93,395, which is higher than the $60,561 average annual salary of a unit manager.
The top three skills for a new business manager include customer service, business plan and business development. The most important skills for a unit manager are quality care, patients, and federal regulations.
| New Business Manager | Unit Manager | |
| Yearly salary | $93,395 | $60,561 |
| Hourly rate | $44.90 | $29.12 |
| Growth rate | 6% | 6% |
| Number of jobs | 282,416 | 366,932 |
| 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.
Unit managers are responsible for managing the nursing unit. They primarily supervise the daily care of patients and ensure quality patient care. Usually, they perform tasks like evaluating staff performance, conducting orientation for new staff, and training new members. Also, they manage schedules, minimize expenditures, and enforce health as well as safety regulations. Unit managers are registered nursing professionals with an undergraduate or graduate degree. They are honest, adaptable, and analytical professionals with strong management and leadership skills and relevant experience in nursing and patient assessment.
New business managers and unit managers have different pay scales, as shown below.
| New Business Manager | Unit Manager | |
| Average salary | $93,395 | $60,561 |
| Salary range | Between $55,000 And $158,000 | Between $38,000 And $96,000 |
| Highest paying City | New Rochelle, NY | Los Angeles, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Apple | Microsoft |
| Best paying industry | Energy | Finance |
There are a few differences between a new business manager and a unit manager in terms of educational background:
| New Business Manager | Unit Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 52% |
| Most common major | Business | Nursing |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between new business managers' and unit managers' demographics:
| New Business Manager | Unit Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.1% Female, 39.9% | Male, 42.4% Female, 57.6% |
| 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.5% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |