What Is a Job Description of a Business Manager?

Business managers can work in a variety of different industries and fields, and they are responsible for overseeing business operations and employees. Depending on your degree, the field you want to work in, and the industry in which you have experience, your options for being a business manager could be plentiful. Schools offering Business Management degrees can also be found in these popular choices.

Job Duties

Depending on the environment you work in, your duties as a business manager will vary. The U.S. Bureau of Labor Statistics (BLS) highlights a few categories where a business manager could be prevalent (www.bls.gov). For example, in the construction field, you might manage projects. This includes organizing the building of different types of structures, managing the budget, and hiring and managing contractors. You would manage all building supplies and materials and obtain any building permits necessary to complete your project.

In the financial sector, your role as a manager would include responsibility for preparing reports, managing investment activities, and implementing management goals. Finance managers can be assigned a more specific job title, such as cash manager, finance officer, or branch manager. Cash managers specifically handle receipts and cash for their companies. Finance officers typically work with budgets and goals. Branch managers - usually employed by banks - work with financial products, accounts, loans, marketing materials, and employment within their branch.

Business managers may also work in the field of computer and information systems. In this case, you would work directly with varying types of technology and implement systems effectively for your employer. You'd be responsible for working with the installation and upkeep of hardware and software and would manage your company's computer systems based on the needs of the company and the users. According to the BLS, you might also work to develop technology in your company and create budgets for the technology required to make your company run effectively.

Important Information About This Occupation

Job Outlook (2014-24) 6%, as fast as average (for all management occupations)
Median Wage (May 2014) $97,230 (for all management occupations)
Work Environment Typically an office setting in a wide variety of industries; managers usually work full-time
Key Skills Analytical, communication, decisionmaking, and leadership skills

Source: U.S. Bureau of Labor Statistics

Education and Training

Because business manager jobs span across many different fields, education and training requirements vary, too. If you're aiming to be a construction manager, you will need a bachelor's degree in a field such as construction science or civil engineering. To work as a finance manager, you would need at least a bachelor's degree in accounting, economics or finance; a master's degree might also be required. Computer and technology management positions will require at least a bachelor's degree, but many employers will seek out candidates with master's degrees. No matter which field you aspire to, work experience will also be an important part of your resume.

Apart from industry-specific degrees, such as those mentioned above, you could also consider earning a Bachelor of Science in Business Management in order to pursue this career. A bachelor's in business management will teach you to effectively manage people, projects and information. Courses in this foundational degree include economics, accounting, management, business law, marketing, and financial analysis. Some degree programs offer courses and electives that allow you to earn a concentration in the industry you hope to enter. This degree is also available online in many schools.

Job Outlook and Salary Information

According to the BLS, the employment of construction managers and financial managers is expected to grow at 11% and 19% respectively from 2016-2026, while employment of computer and information systems managers is expected to grow at 12% over the same period.

The Bureau reports that salaries earned by different types of business managers will vary by field. In May 2018, construction managers earned median annual salaries of $93,370; financial managers earned a median of $127,990, and computer and information systems managers took home a median annual salary of $142,530.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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