Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between retail business managers and new 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 retail business manager and a new business manager. Additionally, a new business manager has an average salary of $93,395, which is higher than the $80,435 average annual salary of a retail business manager.
The top three skills for a retail business manager include quality customer service, pricing strategy and cash handling. The most important skills for a new business manager are customer service, business plan, and business development.
| Retail Business Manager | New Business Manager | |
| Yearly salary | $80,435 | $93,395 |
| Hourly rate | $38.67 | $44.90 |
| Growth rate | 6% | 6% |
| Number of jobs | 414,203 | 282,416 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Retail business managers and new business managers have different pay scales, as shown below.
| Retail Business Manager | New Business Manager | |
| Average salary | $80,435 | $93,395 |
| Salary range | Between $49,000 And $131,000 | Between $55,000 And $158,000 |
| Highest paying City | - | New Rochelle, NY |
| Highest paying state | - | New York |
| Best paying company | - | Apple |
| Best paying industry | - | Energy |
There are a few differences between a retail business manager and a new business manager in terms of educational background:
| Retail Business Manager | New Business Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between retail business managers' and new business managers' demographics:
| Retail Business Manager | New Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 57.5% Female, 42.5% | Male, 60.1% Female, 39.9% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% 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, 67.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |