What is Business Manager Salary in India? Primary Factors Affecting the Salary
By upGrad
Updated on Nov 25, 2022 | 6 min read | 899.2k views
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By upGrad
Updated on Nov 25, 2022 | 6 min read | 899.2k views
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The career path of a business manager can be smooth if you can meet the required eligibility criteria. This job profile focuses on implementing your creativity and tact in leading a company successfully.
Recently, there’s been a rise in the number of aspirants who want to take up business administration as their career in recent times. This is because a business administration course does not demand a specific degree. Anyone from any educational or professional background can pursue a BBA or MBA course for upskilling. These professional degrees are popular worldwide due to the rising demand for BBA/MBA graduates and increasing job opportunities across all industries.
This article shall provide you with the different salaries under the Business Administration diaspora. Before that, let us first look into some aspects that influence the salary of Business Administration professionals.
A business manager leads and supervises teams to optimise overall business performance. They offer actionable directions on how to handle specific operations and business functions while guaranteeing a stellar customer experience.
Business managers devise and implement strategies to boost company profitability. As a business manager, your primary responsibility is to oversee the company’s administrative responsibilities. They also plan the company’s marketing strategy.
In addition, business managers conduct a budget study to identify cost-cutting opportunities. Apart from this, you should have a thorough understanding of bookkeeping, marketing, and administrative operations to run a firm successfully.
The salary of a Business Manager in India depends on numerous factors like skills, qualifications, experience level, location, company size, etc. However, the average salary of Business Managers in India ranges from ₹ 2.8 to ₹ 26 Lakhs.
The salary of a company manager at various levels, according to Payscale’s salary statistics, is as follows:
As the name implies, a marketing executive oversees marketing trends and devises tactics to profit from them. The following are typical responsibilities of a marketing executive:
The following are the responsibilities of a sales representative:
A business analyst’s job is to give statistical information regarding the company’s progress to the management team. They must provide data-driven business advice to stakeholders and decision-makers. Other primary duties involve:
The responsibilities of an operations manager are:
The primary duties of a business manager are:
A business application manager juggles multiple tasks, including:
A development manager is a link between the company’s upper management and its customers. The following are some of their responsibilities:
As mentioned earlier, several factors determine the annual salary and compensation of business managers in India. The most crucial determinants of their pay are:
Your work experience (number of years worked) is directly proportional to your market value. It determines how high your salary will go. If you have over five to ten years of experience in the management field, you can bag good job profiles with a six-figure salary.
When considering your market value, you cannot undermine your online reputation. Your reputation or ratings on online job platforms like LinkedIn, Indeed, Upwork, etc., tells potential recruiters about your work ethic, qualifications, expertise areas, and professional reputation. So, build a commendable online profile that highlights your skills and qualifications. If you have a vast network or good industry connections, you can further attract job roles with higher salaries.
Your salary ask will be high if you have the right balance of industry-relevant hard and soft skills. Since business management involves diverse capabilities, from strategy creation and implementation to leadership, you must build a good skills portfolio to bag high-paying jobs. Employers prefer candidates who can bring value to their organisation.
The job profiles you’ve been in so far also determine your salary. You will earn an entry-level salary if you’re in an entry-level job. However, if you are already in the management wing, you will draw a six or seven-figure salary, depending on your role and seniority position.
In business administration, every initiative is quantifiable. Management roles demand extraordinary efficiency and leadership abilities to ensure smooth operations and optimal performance.
In India, job opportunities are expanding for skilled talent, encouraging freshers and professionals to upskill for better career prospects. If you are keen to pursue business administration, opt in for upGrad’s Global Doctor of Business Administration course.
This 36-month long course is specially designed for working professionals. It comes with personal thesis support and international opportunities for research. Apart from one-on-one thesis supervision, you can also enjoy attractive networking opportunities.
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