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The differences between owner/managers and 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 an owner/manager and a business manager. Additionally, a business manager has an average salary of $83,198, which is higher than the $75,822 average annual salary of an owner/manager.
The top three skills for an owner/manager include financial statements, inventory control and customer service. The most important skills for a business manager are customer service, powerpoint, and project management.
| Owner/Manager | Business Manager | |
| Yearly salary | $75,822 | $83,198 |
| Hourly rate | $36.45 | $40.00 |
| Growth rate | 6% | 6% |
| Number of jobs | 303,790 | 377,191 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 65% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing. They also handle the initial marketing to get customers. Owners/mangers handle human resources activities, such as hiring and training employees. Once the business has launched, they start delegating activities to other employees and may also start assigning leaders to different departments. However, they still oversee the whole operation. Owners/managers are the top decision-makers and ensure that business strategies align with the goals.
A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.
Owner/managers and business managers have different pay scales, as shown below.
| Owner/Manager | Business Manager | |
| Average salary | $75,822 | $83,198 |
| Salary range | Between $44,000 And $129,000 | Between $47,000 And $145,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Washington |
| Best paying company | - | The Citadel |
| Best paying industry | - | Technology |
There are a few differences between an owner/manager and a business manager in terms of educational background:
| Owner/Manager | Business Manager | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner/managers' and business managers' demographics:
| Owner/Manager | Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 43.2% Female, 56.8% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |