BUSINESS MANAGEMENT OVERVIEW

As a business manager, you are given the major responsibility of managing administrative tasks
for a business. A company may expect you to assist with its marketing program. A company may
also want you to perform a budget analysis in order to find out ways that the company can cut
costs. You should have an astute understanding of accounting, marketing and administrative
procedures that are required in order to run a business.

The competition for business management positions can be fierce. You should obtain a degree in
business administration, accounting or marketing if you eventually want to obtain a business
management position.

Salary

According to the Bureau of Labor and Statistics, the average salary of a business manager is
about $77,000 a year. The position is expected to grow by at least 15 percent in the next ten
years. Businesses will be facing increased demands as they try to adjust to online commerce. If
you have a specialized knowledge of online sales, then you may find that you are easily able to
find a position as a business manager. Companies will also be seeking individuals who have an
accounting background and are able to cut down on the costs that a company faces.

Education Requirements

To become a business manager, it is essential to possess a four-year bachelor's degree in

administration, accounting, finance or marketing. If you have a special certification, such as a
CPA license, then this can also be beneficial if you apply for a position as a business manager.
Companies are now hiring individuals who can also assist with financial operations. You may
need to do compliance work for a company to ensure that the company is adhering to the
recently passed financial regulations. Companies are also looking for individuals who now
possess a master's degree in business or accounting. You should expect to obtain an MBA in
management or accounting at some point in your career.

Skills Required

To excel as a business manager, it is essential that you have strong analytical abilities. You will
need to foresee the demands that a company will face in the future. It is also important that you
have an ability to work well with other people. You should be able to work with a variety of
personalities. Employees will look to you for leadership and motivation. You should be able to
inspire employees to excel in their work during high-pressure times for the business. You also
may need to possess strong accounting skills if a business expects you to perform a budget
analysis of its operations every month.
Responsibilities

Typically, the responsibilities of business managers involve overseeing operations, reviewing

contracts and helping employees reach their top productivity levels. A business manager may
also be called upon to supervise or train new employees. He or she may also need to assist with
planning certain events for a company. A business manager plays an important role in the
operation of a company, and it is essential that he or she can deal with heavy loads of stress.