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Become A Senior Business Manager

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Working As A Senior Business Manager

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $120,800

    Average Salary

What Does A Senior Business Manager Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Senior Business Manager

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Senior Business Manager jobs

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Senior Business Manager Career Paths

Senior Business Manager
Senior Product Manager Marketing Director
Director Of Sales
10 Yearsyrs
Director Of Sales Director Of Sales And Marketing
General Manager
7 Yearsyrs
Controller Operations Manager
Marketing Director
7 Yearsyrs
Business Director Sales/Marketing
Marketing Manager
6 Yearsyrs
Operations Director Territory Manager
National Account Manager
8 Yearsyrs
Senior Product Manager Senior Manager
Operations Director
9 Yearsyrs
Vice President, Business Development Recruiter
Operations Manager
7 Yearsyrs
Operations Director Senior Project Manager
Product Management Director
12 Yearsyrs
Marketing Director Sales Consultant
Regional Sales Manager
9 Yearsyrs
Chief Executive Officer Human Resources Generalist
Senior Human Resources Manager
9 Yearsyrs
Controller General Manager
Senior Manager
10 Yearsyrs
Senior Director Consultant
Senior Product Manager
9 Yearsyrs
Director Of Sales Operations Director
Senior Project Manager
12 Yearsyrs
Business Director Director Of Sales
Senior Vice President, Sales
14 Yearsyrs
Finance Director Account Executive
Strategic Accounts Manager
9 Yearsyrs
Marketing Director General Manager
Vice President & General Manager
12 Yearsyrs
Senior Director Vice President
Vice President And Manager
10 Yearsyrs
Director Director Of Sales
Vice President Of Sales & Operations
12 Yearsyrs
Vice President, Business Development Managing Director
Vice President Product Development
12 Yearsyrs
Information Technology Consultant Product Manager
Vice President, Product Management
13 Yearsyrs
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Average Length of Employment
Senior Manager 4.2 years
Business Manager 3.9 years
Business Partner 3.6 years
Head Operator 3.5 years
Business Director 3.3 years
Business Leader 3.0 years
Business Advisor 2.5 years
Top Employers Before
Manager 4.1%
Consultant 3.0%
Controller 2.9%
Top Employers After
Director 5.9%
Consultant 4.5%
Principal 3.1%
Controller 3.1%

Senior Business Manager Demographics

Gender

Male

58.6%

Female

39.1%

Unknown

2.3%
Ethnicity

White

79.5%

Asian

9.3%

Hispanic or Latino

8.7%

Unknown

1.6%

Black or African American

0.9%
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Languages Spoken

Spanish

33.3%

Carrier

15.7%

French

9.8%

Chinese

7.8%

Portuguese

3.9%

German

3.9%

Dutch

3.9%

Mandarin

3.9%

Italian

3.9%

Swedish

2.0%

Finnish

2.0%

Greek

2.0%

Shona

2.0%

Japanese

2.0%

Russian

2.0%

Korean

2.0%
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Senior Business Manager Education

Schools

University of Phoenix

13.7%

New York University

6.2%

George Mason University

5.5%

San Jose State University

5.5%

University of Houston

5.5%

University of Chicago

5.5%

Northwestern University

4.8%

DePaul University

4.8%

Southern New Hampshire University

4.8%

Villanova University

4.1%

University of California - Berkeley

4.1%

Suffolk University

4.1%

Arizona State University

4.1%

Ohio State University

4.1%

University of Minnesota - Twin Cities

4.1%

Georgia State University

4.1%

University of Texas at Austin

4.1%

University of Virginia

4.1%

University of Maryland - College Park

3.4%

Boise State University

3.4%
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Majors

Business

40.1%

Finance

10.0%

Marketing

8.1%

Accounting

6.7%

Management

5.4%

Communication

3.1%

Computer Science

2.8%

Political Science

2.8%

Electrical Engineering

2.6%

Education

2.2%

Computer Information Systems

2.2%

Psychology

1.9%

Economics

1.8%

English

1.8%

Mechanical Engineering

1.8%

Project Management

1.7%

Law

1.7%

Sociology

1.3%

Information Technology

1.1%

Management Information Systems

1.0%
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Degrees

Bachelors

41.0%

Masters

37.3%

Other

11.3%

Associate

4.4%

Certificate

3.1%

Doctorate

2.3%

Diploma

0.4%

License

0.2%
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Internship
Temporary

Real Senior Business Manager Salaries

Job Title Company Location Start Date Salary
TAS Business Modeling Senior Manager (Multiple Positions) Ernst & Young U.S. LLP New York, NY Jun 09, 2016 $253,593 -
$278,400
Business Strategy Senior Manager Accenture LLP Houston, TX Sep 20, 2016 $222,000
Senior Business Alliance Manager Zimperium, Inc. San Francisco, CA May 23, 2016 $214,552
Vice President, Senior Business Manager Instinet Holdings Incorporated New York, NY Nov 04, 2016 $180,000 -
$200,000
Senior Manager, Business Strategy Nokia USA Inc. Sunnyvale, CA Jan 08, 2016 $180,000
Senior Manager, Business DEV Samsung Semiconductor, Inc. Menlo Park, CA Apr 02, 2016 $173,500
Senior Manager, Technology Business Strategy Magic Leap, Inc. Dania Beach, FL Jan 15, 2015 $165,000
Senior Manager, Business Planning and Initiatives The Vanguard Group Malvern, PA Oct 31, 2016 $165,000
Senior Manager II, Business Planning Samsung Electronics America Inc. Richardson, TX Sep 01, 2015 $161,253
Senior Manager-Ebay Business Insights and Compliance Paypal, Inc. San Jose, CA Nov 09, 2016 $160,000
Senior Business Strategy Manager, MCS Microsoft Corporation Redmond, WA Sep 22, 2016 $160,000
Senior Business Manager Microsoft Corporation Redmond, WA Aug 19, 2016 $157,292
Senior Business Strategy Manager Microsoft Corporation Washington, DC Oct 26, 2016 $156,200 -
$176,200
Senior Business Manager Capital One Investing, LLC Seattle, WA Nov 30, 2015 $138,900 -
$181,900
Senior Business Manager Microsoft Corporation Redmond, WA Mar 09, 2016 $137,244
Senior Business Analytics Manager Lendingclub Corporation San Francisco, CA Nov 02, 2015 $135,000
Senior Manager-Business Strategy Tata Communications (America) Inc. Matawan, NJ Oct 19, 2016 $135,000
Senior Business Analytics Manager Lendingclub Corporation San Francisco, CA Feb 11, 2015 $135,000
Senior Manager, Business Planning Biogen IDEC, Inc. Weston, MA May 07, 2015 $135,000
Senior Manager, Business Analysis The Bank of Nova Scotia New York, NY Mar 08, 2016 $135,000 -
$145,000
Senior Manager-Business Strategy Tata Communications (America), Inc. Matawan, NJ May 14, 2015 $135,000
Senior Manager, Business Analytics Gilead Sciences, Inc. Foster City, CA Nov 21, 2016 $127,150 -
$141,711
Senior Manager, Business Analysis The Bank of Nova Scotia New York, NY Mar 13, 2015 $126,500 -
$145,000
SR. Manager, Business Analytics & Reporting Navient Solution, Inc. Fishers, IN Dec 21, 2015 $125,819
Senior Manager, Business Strategy Squaretrade, Inc. San Francisco, CA Jul 30, 2015 $125,000
Senior Manager, Business Analysis The Bank of Nova Scotia New York, NY Sep 05, 2015 $125,000 -
$151,895
Business Performance SR Manager Amgen Inc. Thousand Oaks, CA Jan 10, 2016 $124,000

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Top Skills for A Senior Business Manager

FinancialAnalysisProductDevelopmentBusinessStrategiesEnsureComplianceDeliveryPProjectManagementHumanResourcesAuditBusinessUnitBusinessDevelopmentAdditionalTProcessImprovementCustomerServiceBusinessProcessCategoryManagementBusinessManagementProposalAnnualRevenue

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Top Senior Business Manager Skills

  1. Financial Analysis
  2. Product Development
  3. Business Strategies
You can check out examples of real life uses of top skills on resumes here:
  • Developed, organized, and monitored quantitative and qualitative financial analysis to support enhancement methods.
  • Managed product process from concept to market, including product development for exclusive and/or innovative design.
  • Create business strategies and functional/technical/business architectures.
  • Developed corrective action plans to ensure compliance to Performance Guarantees worth over $1M.
  • Managed IT resources responsible for Information Delivery to business users.

Top Senior Business Manager Employers

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