A business depends heavily upon decisions made by administrators that shape the product offerings, services and goals of a company. Business administrators create and implement plans to help companies achieve their goals, and may oversee other managers or workers to ensure that they carry out their jobs satisfactorily. There are many different levels of business administration; top executives tend to earn more than mid-level and low-level business managers.
The chief executive officer (CEO) is the highest-level manager at a company. The CEO influences a company's plans and directs company activities at the highest level to ensure its success and profitability. According to the U.S. Bureau of Labor Statistics, the average annual income of chief executives was $167,280 in May 2009. The median income of CEOs was $160,720, while the bottom 10 percent of workers in the occupation made $71,000 or less. CEOs at large corporations can make far more than the average.
General and Operations Managers
General and operations managers are high-level business administrators who work with the CEO to help formulate and implement company policy. The BLS states that the average annual income of general and operations managers was $110,550 in May 2009. The top 25 percent of income earners in the field made $138,960 or more, while the bottom 25 percent made $63,750 or less. The average hourly income of workers in the occupation was $53.15.
Administrative Services Managers
Administrative services managers help to direct and manage support services like record keeping and maintenance. BLS data show that the average annual income of administrative service managers was $81,530 in May 2009, which translates to an hourly wage of $39.20. The top 10 percent of income earners in the occupation made $131,730 or more, while the bottom 10 percent earned $38,690 or less.
First-Line Supervisors and Managers
First-line supervisors and managers oversee nonmanager workers. Workers at this level are low-level managers who typically report to higher-level administrators. BLS data show that the average annual income of first-line supervisors and managers of office and administrative support workers was $49,990 in May 2009. The top 10 percent of income earners in the field made $76,100 or more, while the bottom 10 percent of income earners made $28,400 or less.
- U.S. Bureau of Labor Statistics: Top Executives
- U.S. Bureau of Labor Statistics: 11-1011 Chief Executives
- U.S. Bureau of Labor Statistics: 11-1021 General and Operations Managers
- U.S. Bureau of Labor Statistics: 11-3011 Administrative Services Managers
- U.S. Bureau of Labor Statistics: 43-1011 First-Line Supervisors/Managers of Office and Administrative Support Workers
How Much Does a Health Administrator Make a Year?
Health care administrators manage the business end of a health care facility. Among their responsibilities are the security of patient records, finances,...
How to Start and Earn Money Through a Pet & House-Sitting Business
Set your rates. Keep it reasonable since you are new, but don't underestimate your abilities either. The average is about 12$ per...
How Much Does a Hospital Administrator Make Per Hour?
Hospital administrators manage either entire health facilities or particular departments. Their duties include coordinating, directing, planning and supervising the ...
How Much Money Does a CPA Make?
A CPA's salary averages $60,000 a year and will require a bachelor's degree in business administration or accounting, as well as some...
How Much Do Assisted Living Administrators Make?
Eldercare is a rapidly growing industry where there is the potential to have a significant career. Assisted living administrators will be in...
How Much Does a Federal Employee Make?
Federal employee pay varies significantly depending on your education and experience on the job. A well-established general schedule pay scale, or GS,...
How Much Does a Business Analyst Make Per Year?
Successful businesses frequently analyze various aspects of their operations to implement changes aimed at improving productivity and profitability. Business analysts ...