Business Managers

Overview

Business Managers

Introduction

Business managers plan, organize, direct, and coordinate the operations of firms in business and industry. They may oversee an entire company, a geographical territory of a companys operations, or a specific department within a company. There are more than 3.5 million managerial jobs in the United States.

Quick Facts


Median Salary

$101,280

Employment Prospects

Fair

Minimum Education Level

Bachelors Degree|Masters Degree


Experience

One to two years on the job and/or on-the-job training or certifi


Skills

Business Management|Financial|Leadership


Personality Traits

Conventional|Enterprising|Organized

Earnings

Salary levels for business managers vary substantially, depending upon the level and range of responsibility, length of service, and type, size, and location of the organization. Top-level managers in large businesses are among todays highest paid workers and can earn much more than their counterparts in small firms. Also, salaries in large metropolitan areas, such as New York City, are higher ...

Work Environment

Business managers are provided with comfortable offices near the departments they direct. Top executives may have spacious, lavish offices and may enjoy such privileges as executive dining rooms, company cars, country club memberships, and liberal expense accounts.

Managers often travel between national, regional, and local offices. Top executives may travel to meet with executives in ot...

Outlook

Overall, employment of general and operations managers and executives is expected to grow by about 3 percent, as fast as the average for all careers, through 2032, according to the U.S. Bureau of Labor Statistics. Some job openings will be the result of managers being promoted to better positions, retiring, or leaving their positions to start their own businesses. Even so, the compensation and ...