Business Manager: Education, Earnings and Job Outlook

Becoming a Business Manager

Finance professionals with a pie chart
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What Is a Business Manager?

A business manager is a business professional who works in a supervisory capacity. Business managers may supervise an entire company or a specific department or territory within a company’s operations. The exact job duties of a business manager vary depending on the business manager’s title, company, field, and industry. However, nearly all business managers plan, direct, and oversee operations or employees.

See a list of required business management skills. 

 

Education Requirements for Business Managers

Doctors, lawyers, and other professionals have to go to school for a specific number of years to get the education they need to pursue a career. It doesn't really work that way for business managers. There are no specific education of degree requirements. However, some education is generally necessary. Although some individuals may be able to ascend from an entry-level position to a supervisory or management position within a company after gaining work experience, most people will need something beyond a high school diploma to become a business manager. 

The most basic entry-level degree that can be obtained is an associate's degree.This degree takes two years to complete and focuses heavily on general education along with a few electives of the student's or school's choosing. Another undergraduate degree option is a bachelor's degree.

This degree is the next step for students who have already earned an associate's degree. A bachelor's degree can also be earned by students who have nothing more than a high school diploma or the equivalent. Most bachelor's programs combine general education courses with courses in a specific specialization, such as business management, project management, operations management, or supply chain management.

Many business professionals choose to earn a master's degree, such as a Master of Business Administration (MBA) or a specialized master's degree. Both of these graduate level degree programs can offer students the specialized skills needed to work in high level positions, such as CEO or operations manager

Annual Earnings for Business Managers

Annual earnings for business managers are determined by a variety of factors including industry, title, place of employment, level of education, and experience. According to the Bureau of Labor Statistics (BLS), most business managers earn $45,000 - $132,000+ per year. For more specific information, you can visit Salary Wizard to get a free personalized salary report for specific positions in the management field based on job location.

Job Outlook for Business Managers

'The field of business management is expected to grow as fast as the average field. However, business managers will find that it is a very competitive field. A bachelor’s degree, master’s degree, or an MBA will be helpful in securing a position. Business certifications can also be useful for individuals who want to demonstrate their expertise to employers and may even help managers earn a higher salary.