Yes, business managers make good money. The median salary for a business manager is typically around $70,000 in a year. This can range from $60,000 up to almost $100,000 a year.
How well working as a business manager can vary due to several factors. These factors include education, experience, industry, location, and organizational structure. This means that highly experienced business managers will typically have access to much higher salaries than those who are entry-level.
For example, a senior business manager in a large corporation with over ten years of experience, a master's degree, and multiple direct reports will likely make over $100,000 in a year.
Additionally, business managers who work at a large tech company will typically make more than those working for smaller companies or manufacturing businesses.
Finally, while a minor factor, location can also influence salary. People who live and work in business management in major metropolitan areas on the east and west coasts make more than those who work in smaller cities in the midwest.
Business Manager Jobs
Yes, being a business manager is a good job.
There is demand for business managers in numerous areas, as most businesses need professionals who understand business and technical principles. The business manager can use their specialized knowledge to help them make informed business decisions and increase profits.
Yes, business managers make good money.
The median salary for a business manager is typically around $70,000 in a year. This can range from $60,000 up to almost $100,000 a year.
Managers Are in Demand Today
The Bureau of Labor Statistics (BLS) expects employment in management occupations to grow 8% between 2021 to 2031, faster than the average for all occupations. With a projected 883,900 new positions opening up, the opportunities for you to work in management are broad.
A business management degree can help prepare you for a range of career opportunities across numerous industries, including positions leading people. Graduates of business management degree programs can pursue careers in finance, human resources, information security, marketing and more.