Business Operations Manager Jobs: Salary and Career Facts
Research what it takes to become a business operations manager. Learn about educational requirements, important skills, career outlook and salary to find out if this is the career for you.
What Is a Business Operations Manager?
Business operations managers are part of a company's top executive team. They are in charge of the daily functioning of the plant, with wide-ranging duties that cover every aspect of operations. They work with upper management in making major decisions, while also supervising employees in a way to keep morale high and the work running smoothly.
The table below includes a few important details about becoming a business operations manager.
|Degree Required||Master's degree preferred|
|Education Field of Study||Business administration|
|Key Skills||Leadership, budgeting, forecasting, planning and negotiating|
|Job Growth (2018-2028)||6% (for top executives)*|
|Median Salary (2019)||$74,310 (for business and operations managers)**|
Source: *U.S. Bureau of Labor Statistics; **Payscale.com
What Job Responsibilities Will I Have as a Business Operations Manager?
As a business operations manager, your work will focus on managing and directing the processes and resources involved in producing a company's goods or services. Because you will be responsible for the synthesis of these resources and processes, you need an understanding of every link in the supply chain.
Specific job responsibilities will include overseeing and interacting with your company's departments, producing metrics of performance and measuring those against the company's goals, and communicating performance results to the general manager or corporate leadership. Your job may also include developing and optimizing processes for lowest cost and highest quality, especially in the areas of transportation, distribution and manufacturing.
What Education and Training Will I Need?
In some companies it is possible to rise from the ranks of an entry-level position to a higher ranking position as an operations manager. Most companies seek candidates with a minimum of a bachelor's degree, and many prefer a master's degree in business administration or a related field. An engineering education and background can be excellent preparation, especially if you successfully integrate business and technical knowledge and education.
What Other Skills and Characteristics Will Help Me Succeed?
To help you bring together the elements involved in producing goods and services, your success in this career will be driven not only by your education but also by leadership and negotiation skills. Flexibility to respond to change, good budgeting and forecasting skills and the ability to plan well are also important.
How Much Might I Earn?
According to the U.S. Bureau of Labor Statistics (BLS), job opportunities for top executives including business operations managers were expected to increase 6% from 2018-2028, about as fast as the average when compared to all U.S. occupations (www.bls.gov). Those with the best leadership skills were expected to have the most opportunities. The BLS also reported that the median salary for general and operations managers was $100,930 in 2018. Payscale.com found business operations managers making a median salary of $74,013 as of November, 2019.
What Are Some Related Alternative Careers?
There are related careers that all begin with a bachelor's degree in certain fields. You could find work as an administrative services manager planning, promoting and directing support services for organizations. These professionals take charge of facilities and supervise the record keeping and mail distribution. Another career might be a purchasing manager. In this job, you would assess a company' big ticket material needs and negotiate with vendors to find the best deals from wholesalers and retailers. A final career might be as an industrial production manager, taking charge of a plant or industrial company. Here, you would oversee the planning and coordinating of activities to create products.