How Much Does a Business Planning Manager Make? Uncover the Surprising Salary for this Lucrative Career

How Much Does a Business Planning Manager Make? Uncover the Surprising Salary for this Lucrative Career

How Much Does a Business Planning Manager Make? Uncover the Surprising Salary for this Lucrative Career

Are you considering a career as a business planning manager? This job can be both rewarding and lucrative. While the salary isn’t usually discussed in job postings, it’s an important part of any career decision.

Business planning managers are responsible for creating and implementing plans to meet a company’s strategic objectives. They use research and analysis to develop and execute plans that are tailored to the unique needs of the organization. As such, it’s important to understand the salary associated with this type of role.

In this article, we’ll take a look at the salary of a business planning manager. We’ll examine the factors that influence the salary, such as experience, location, and industry. We’ll also explore the job outlook for this field and the steps you can take to boost your earning potential.

Average Business Planning Manager Salary

According to PayScale, the average salary for a business planning manager is $81,531 per year. This figure can vary depending on a variety of factors, including industry and location. For example, those in the technology industry tend to earn higher salaries than those in other industries, and those in the New York City metropolitan area tend to earn higher salaries than those in other parts of the country.

In addition to the base salary, business planning managers may also receive bonuses and other incentives, such as stock options. This can increase the total annual compensation significantly.

Business Planning Manager Salary by Experience

Experience is one of the key factors that influences a business planning manager’s salary. The more experience a manager has, the more they can expect to earn.

According to PayScale, the average salary for entry-level business planning managers is $62,092 per year. As managers gain more experience, their salaries tend to increase. For example, mid-career business planning managers earn an average of $87,066 per year, and experienced business planning managers earn an average of $97,902 per year.

Business Planning Manager Salary by Location

Location is also a factor that can influence a business planning manager’s salary. The cost of living in different parts of the country can have an impact on salaries.

For example, according to PayScale, the average salary for business planning managers in New York City is $95,584 per year. This is significantly higher than the national average. By comparison, business planning managers in Houston, Texas earn an average of $76,510 per year.

Job Outlook for Business Planning Managers

The job outlook for business planning managers is positive. According to the Bureau of Labor Statistics, the employment of business planning managers is expected to grow by 4 percent from 2019 to 2029. This is slightly lower than the average growth rate for all occupations.

Despite the slower-than-average growth, there will still be opportunities for qualified business planning managers. Companies of all sizes are looking for professionals who can effectively manage their strategic objectives.

Ways to Increase Your Earnings as a Business Planning Manager

There are several ways to increase your earnings as a business planning manager. One way is to gain additional experience and expertise. As you gain more experience and knowledge, you’ll be able to command higher salaries.

In addition, you can increase your earnings by expanding your skillset. Consider taking courses or earning certifications in related fields, such as project management or data analytics. These skills can be invaluable in a business planning role.

Finally, you can increase your earning potential by networking and connecting with other business planning professionals. By joining professional organizations and attending conferences and events, you can make valuable contacts that can lead to job opportunities and higher salaries.

Conclusion

Business planning managers are responsible for creating and executing plans to meet a company’s strategic objectives. The average salary for a business planning manager is $81,531 per year, but this figure can vary depending on factors such as industry and location. The job outlook for business planning managers is positive, with an expected growth rate of 4 percent from 2019 to 2029.

If you’re considering a career as a business planning manager, it’s important to understand the salary associated with this role. With the right experience and skillset, you can increase your earnings potential significantly. To learn more about business planning and other lucrative career paths, visit ABusinessOwner.com.