A Business Manager job description encompasses a combination of practical and personal skills. It definitely goes far beyond the job scope of people management. This is a career path that requires the proper education, experience and work ethics in order to be successful. So what exactly does all that mean? Well, let’s take a look at a general overview of the business manager job description, responsibilities, education and other requirements.
The Business Manager Job Description
Practically, any company can benefit from having a great business manager. This is especially true if it the company is planning to grow or expand in the near future. As a business manager, you are directly responsible for creating and developing initiatives to help the company to grow quickly and increase revenues. You basically become the point person for almost every area of the company’s business. You are often the liaison between the other employees and upper management. Typically, sales and marketing directors will have to report directly to you.
Business Manager Job Description and Responsibilities
> Developing a financial plan to increase company’s revenue
> Making sure sales & marketing executives are well trained to execute plans
> Create and present financial projections to upper management and CEO
> Find ways of increasing productivity of staff members.
> Responsible for achieving company’s financial goals
> Developing various plans to increase customer base or client numbers
> Analyze the market research data in detail
> Create and manage company policies and procedures
> Hiring additional staffs in various departments
> Meet with top level executives
> Preparing marketing and sales reports
> Conduct company training
> Developing business plans to increase market share within the industry
> Supervise sales department and marketing department managers
> Making sure sales plans are executed accordingly
The responsibilities of a Business Manager can vary depending on the industry and the size of the company. The duties mentioned here would be pretty common in most companies.
Business Manager Job Description: Requirements
> Must be able to work well with different types of individuals
> Possess great leadership skills
> Excellent written and verbal skills
> Must be able to present detailed market data professionally and clearly
> Great in mathematical skills
> Should be able to supervise as well as motivate others.
> Comfortable in using computers
> Should have at least basic knowledge of using software such as MS Word, Excel, Power Point, Sales Force.
> Competent knowledge in accounting and basic bookkeeping
> Ability to work well under pressure
> High level of organizational skills
Business Manager Job Description: Educational Requirements
A renowned bachelor’s degree in Business Administration would be the best way to prepare for a job as a business manager. However, in many cases, a degree in other related subjects would also be sufficed. For example, graduates with degrees in accounting, marketing and project management can be considered as potential business manager. Nonetheless, the bigger companies may prefer a candidate that has at least an MBA instead.
Business Manager Job Description: Industry Outlook
The job outlook for business managers will continue to thrive in various industries. However, the areas where this position will see the most growth will be in IT and health care industries. This would also mean that good education will be extremely important for anyone seeking a position in business management within these popular industries.
Business Manager Job Description: Salary Potential
The salary for a Business Manager varies widely based on company size, the industry, education and working experience. The lowest average salary is around $45,000 per year according to the U.S. Department of Labor. On the other hand, the highest salary average is reported to be around $110,000 per year.
If you’re looking for a new career, the business manager job description is one that you should consider. However, be aware that it requires you to put in a long of long, hard hours particularly in the beginning of the project. If you have both the technical and business skills needed, becoming a business manager may be an excellent career option as the rewards and remunerations are pretty good.