The roles of a business operations manager in organizations are too important to be left to just anyone. Their job, which involves lots of supervision and coordination, has made it pertinent to find out the average salary of a business operations manager in 2023.
We will also talk about the requirements to become a business operations manager and much more.
Table of contents
What Does a Business Operations Manager Do?
Business Operations managers are in charge of overseeing a company’s overall operations. Their tasks include increasing the efficiency of operations and overseeing the overall management.
They create the organization’s strategies and manage the major performance goals for direct reporting functions. It is their obligation to inform personnel about the strategy and the results. They also collaborate with corporate officers on the organization’s or enterprise’s strategic planning and development.
The operations manager is in charge of the day-to-day operations of a company. Ensures that corporate policies, processes, and initiatives are followed. An Operations Manager assesses and improves existing operational systems. The Activities Manager also coordinates operations with other departments.
Requirements To Become A Business Operations Manager
A bachelor’s degree is usually required to become a business operations manager. An Operations Manager typically has 5 years of experience as an individual contributor in a similar field. Supervisory experience of one to three years may be required.
He or she must also have a comprehensive understanding of the department’s and function’s processes – (Salary.com 2022 Copyright)
A business operations manager reports to a senior manager or the head of a unit/department is usually the person to whom they report. The Operations Manager oversees the day-to-day operations of subordinate employees.
A true first-level supervisor. Ensures project/department milestones/goals are met, and authorized budgets are adhered to. Has complete control over personnel decisions.
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How Much Does A Business Operations Manager Make?
In the United States, the average Business Operations Manager’s compensation is $106,379 per year or $51.14 per hour. People on the lower end of that spectrum, specifically the bottom 10%, earn around $73,000 annually, while the top 10% earn around $153,000.
As with most things, location is important. Business Operations Manager wages are highest in California, Delaware, New Jersey, Virginia, and North Carolina.
Salary Ranges for Business Operations Managers
The salaries of Business Operations Managers in the US range from $17,840 to $471,661, with a median salary of $85,366. The middle 57% of Business Operations Managers make between $85,366 and $213,355, with the top 86% making $471,661 – Comparably.com
How Much Tax Will You Have To Pay As a Business Operations Manager
In 2018, the average federal tax rate for an individual filer in this tax band is expected to be 24 percent. After subtracting a federal tax rate of 24%, Business Operations Managers might expect to take home $82,026 per year, with each paycheck equaling around $3,418*.
How Much Do Business Operations Managers Make In Different Industries?
According to Zippia.com, Business Operations Manager salaries can vary depending on the industry.
This claim is backed up by data that shows that Transportation, Finance, and Professional companies tend to offer much higher salaries for Business Operations Managers.
For example, Business Operations Managers make a whopping average salary of $112,099 while working for Transportation companies.
Meanwhile, other professionals in this industry earn $109,564 at finance firms and $107,492 at professional firms. However, Business Operations Managers should avoid working in the Health Care area because it pays the least, with an average salary of only $100,152.
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Best-Paying Cities for Business Operations Managers
The metropolitan areas that pay the highest salary in the business operations manager profession are Bridgeport, San Jose, New York, Trenton, and San Francisco.
- Bridgeport, Connecticut $183,170
- San Jose, California $175,990
- New York, New York $172,370
- Trenton, New Jersey $169,450
- San Francisco, California $162,320.
The best-Paying States for Business Operations Managers
The states and districts that pay Business Operations Managers the highest mean salary are;
- New Jersey ($172,790),
- Connecticut ($161,460),
- New York ($159,050),
- District of Columbia ($159,000), and
- Delaware ($155,860).
- New Jersey$172,790
- Connecticut $161,460
- New York$159,050
- District of Columbia$159,000
- Delaware$155,860
Highest Paying Industries For Business Operations Managers
| Rank | Industry | Average Business Operations Manager Salary | Business Operations Manager Salary Range |
|---|---|---|---|
| 1 | Transportation | $112,099 | $83k$131k |
| 2 | Finance | $109,564 | $83k$131k |
| 3 | Professional | $107,492 | $83k$131k |
| 4 | Technology | $107,051 | $83k$131k |
| 5 | Retail | $105,000 | $83k$131k |
| 6 | Health Care | $100,152 | $83k$131k |
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Conclusions
This article, business operations manager salary 2023, was written to answer questions our readers might have about the salaries of business operations managers.
We hope we’ve successfully answered these questions and that you now understand what it takes to become a business operations manager and what business operations managers make in 2023.
References
- www.zippia.com – BUSINESS OPERATIONS MANAGER SALARY
- Salary.com – Operations Manager Salary in the United States
- Comparably.com – Business Operations Manager Salary
- Money.USNews.com – Business Operations Manager Salary
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