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Operations managers are necessary members of almost any business or organization around the world. This business career offers you a variety of jobs and an excellent sense of employment security. In addition, when you enter this field, you can earn a very lucrative operations manager’s salary that can allow you to live comfortably while saving for your future. How much do operations managers earn? While the exact amount can vary from one job to another and often depends on experience, it is not uncommon for a skilled operations manager to earn over $100,000 a year, plus benefits. If this sounds like a job you would like to get into, get your career training by going back to college today.
Operations Manager’s Salary
There are a number of factors that determine an operations manager’s salary. These include: your qualifications, experience, geographic region, and employer. Of these, your qualifications are perhaps the most important. Of course, if you hold a formal degree, you can expect to earn more than a non-degree holder. This is even truer with prestigious organizations who are much more likely to offer financial rewards to employees with greater levels of training.
Another factor that greatly influences the operations manager’s salary is your level of experience, professional reputation, and skill set. Once you have some experience in the field of operations management and can show proof of your skills and past contributions, you can expect to earn much more than you did in an entry-level position.
Your salary will also depend greatly upon the geographic region in which you work. If you work in an area with a high demand for operations managers, or an area with a higher cost of living, you can expect to earn a higher salary than you would in other areas.
Finally, you can expect your salary to vary depending upon the employer for which you work. A small, relatively unknown organization may pay operations managers at the low end of the salary range. Alternatively, a large, prestigious, multi-national corporation is likely to offer a higher salary.
Operations managers have a great deal of responsibility and often report to the highest levels of management. They must also work closely with all other company departments and must answer to the clients and customers, the managing board, and organization employees. Because of this high level of responsibility, they are also some of the highest paid professionals in any organization. Across the board, the salary of an operations manager can range from $44,000 to $150,000 a year on average. Most operations managers in the United States earn around $90,000 a year, but this compensation does not reflect other benefits of the job. When you add in perks such as: dental, vision, and health insurance, life insurance, retirement plans, paid vacations, sick leave, and other benefits, this salary can easily be worth several thousand dollars more each year.
Earning an Operations Manager’s Salary
There are many paths you can take to earn your operations manager’s salary. Since these professionals are required in nearly every business and organization today, it is easy to find work. Where you find that work, however, will determine if you are at the high or low end of the pay scale. Some of the most lucrative positions for operations managers include areas such as: financial institutions, retail operations, manufacturing, consultation, transportation, construction, shipping and logistics, information technology, insurance, and the hotel and hospitality industry.
Operations managers are in high demand in any industry that involves the manufacture or transportation of products as well as in the retail world. They are also necessary in any industry that delivers services such as insurance, healthcare, hospitality, or finance. In all of these fields, the operations manager is expected to ensure that the organization operates at maximum efficiency levels and that the company grows to its full potential through an effective use of resources.
When you choose to become an operations manager, you are making a huge step toward living a successful, professional life. This career field will not only provide you with numerous job opportunities and the opportunity to advance, but it will also allow you to earn a very comfortable operations manager’s salary and benefits package that can easily reach well over $100,000 a year once you have gained experience. If you have been considering getting a college degree so you can improve your work and financial future, a career in operations management can definitely get you where you want to go.