An operations manager is one of the most important persons who ensure smooth running of the company’s daily business. This article shall acquaint you with the salary earned in this profession in detail.
The place of the operations manager is important for the fast and successful growth of the company. He plays a crucial role in the decision-making and planning strategies for the growth and development of the business. For consistent and expected results, need to that there is significant contribution from employees at all levels. This can only be achieved if the employees are given a conducive work environment and guidance where they can enhance their skills by learning on the job. The job description includes creating a good work environment and maintaining office discipline to increase the overall productivity of the organization. Operations managers have to make sure that the rules are strictly followed and the office decorum is not affected in any case.
The responsibilities include working in close association with the finance, marketing and human resource departments of the company. This helps him to achieve the organizational goals in time. One of the major duties is to represent their companies at press conferences and business meetings. These managers, who hold senior level positions in their organizations are the best ones to explain to people their company’s future business and expansion plans, and current projects.
Operations managers make sure that all the resources of the company are utilized in the best possible manner so that profits can be maximized. Managing the budget of the organization in a professional manner and cost cutting at the right places is extremely useful for a planned and steady growth. Decision-making and problem solving abilities are a must for the job to be effective.
Operations managers are required in companies belonging to almost all sectors of the economy. In order to pursue this profession you need to have a bachelor’s degree in the relevant field followed by a master’s degree in business administration. Pass outs from reputed educational institutions can command a higher starting salary as compared to other graduates.
The salary in this field largely depends on the following factors:
- Graduation and post graduation percentile/grades
- Ranking of the university/college from where the candidate completed his education
- Sector chosen by the candidate for work
- Type of employer
- Number of years of experience
- Location of job
Initially, operations managers can draw a salary between $35,000 to $50,000 per year with one to three years of experience. By gaining an experience of three to seven years, you can make anything between $40,000 to $65,000 per year. Those who have practical experience of more than ten years can expect to make over $80,000 per year.
If we look at the salary earned by state, then we find that those working in California earn around $80,000 per year on an average whereas those employed in Texas make around $75,000 per year after sufficient experience. Even the states of Illinois and Georgia are not far behind with salaries ranging between $55,000 to $70,000 per year.
Now, talking about different sectors, the salaries for operations managers are believed to be the best in the financial services and retail sectors with salaries drawn by professionals touching almost $85,000 per year. Those working in manufacturing and shipping sectors can also earn between $50,000 to $65,000 per year.
If you find this career opportunity interesting, then you should be ready to take extra efforts and work very hard to achieve your dreams.