What does a Business Manager do?
Business Managers typically work for corporations or small businesses, providing leadership for a company branch or primary business location. They maintain company budgets, communicate ideas between upper management and company employees and conduct performance reviews for employees. Their job is to lead their employees in accordance with company goals and values. They come up with training programs to help employees learn how to use new equipment or software and address employee complaints made to HR. They may also determine pay grades for each of their employees and determine who receives bonuses when available.
Business Manager skills and qualifications
Some skills that will make your new Business Manager successful include:
- Strong leadership skills
- Good interpersonal and problem-solving skills
- Basic computer skills
- Ability to analyze company procedures to make improvements
- Ability to create work schedules and budgets
Business Manager salary expectations
The average Business Manager salary is $69,179 per year. The actual salary for a qualified employee may vary from this average depending on their educational background, years of business experience, special certifications and unique skills. Some Business Managers earn an average of $6,000 per year in profit sharing.
Business Manager education and training requirements
A bachelor’s degree in business or a related field is usually a requirement to work as a Business Manager. An MBA may be required for candidates wishing to work at a higher level. A job seeker with a high school diploma may be considered if they have significant work experience or special certifications. If your Business Manager will be working in facilities management, you may require them to have a Certified Facilities Management (CFM) certification. Certifications in records management may also be helpful.
Business Manager experience requirements
Business Managers should have work experience that demonstrates their leadership and managerial skills. It may be particularly beneficial for candidates to have prior work experience in your company’s field of expertise. Potential Business Managers should be able to show their experience in staff management, goal setting and business optimization.
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