Are you interested in becoming an operations manager? This career pays very well and there are typically a variety of opportunities for upward advancement. Our post today will cover the operations manager job description and will provide other information about this occupation. This job has a solid projected rate of growth into the future. Operational managers typically manage payrolls and budgets; supervise other departments (such as human resources, finance, and information technology), and much more. Although this job can be stressful at times, many operational managers enjoy their job and feel that they are well compensated. This career is ideal for individuals who enjoy completing a variety of tasks in their daily work. Read on if you would like to learn more information about how to become an operations manager.
Operations Manager Job Description
Operations managers typically enjoy their jobs, but they also find that the job can be very stressful at times. This career is great for people who like having a variety of responsibilities that may vary slightly from day to day. Managers typically work full time and may need to work over 40 hours in a given week. They may need to be flexible about the hours they work. Operations managers typically work in traditional office settings. Some travel may be required depending upon the size of the company the manager works for. In larger companies, travel may be a requirement. The operational management salary is very good and benefits tend to be excellent as well. Typical responsibilities include: overseeing payroll and data entry, overseeing human resources and helping with the hiring and firing of employees, working collaboratively with higher level management, and more. They are commonly the point of contact for many departments in a company.
A typically operations manager job description contains some of the following specific tasks and responsibilities:
- Supervise a department or departments in the company
- Analyze various data
- Create and follow a budget
- Complete data entry tasks
- Oversee the payroll
- Work collaboratively with upper level management
- Ensure that policies are being followed
- Monitor risk management for the company
As was previously mentioned, job responsibilities can vary significantly from company to company. Large companies may give their managers specific departments to oversee, whereas smaller companies may have their operational managers oversee numerous departments at once. They may also oversee groups or teams of employees.
Some of the common traits and competencies needed in operational managers include solid critical thinking skills, good problem resolutions skills, good at organizing and planning ahead, making decisive decisions, strong negotiation skills, ability to work well with others, high tolerance to stress and frustration, flexible and able to adapt, good at dealing with conflict and resolving it, able to delegate tasks, solid communication skills, and excellent leadership skills.
Operations Manager Education Requirements and Training
In order to become an operational manager, an individual typically needs to earn a bachelor’s degree in business administration, management, or another content area related to the profession from an accredited college or university. Classes that are pertinent to this career include accounting and mathematics, business ethics, various other business classes, and more. For some companies, the ideal operations manager education consists of a master’s degree in business administration. However, this varies from company to company. Many companies are willing to hire an individual who has a bachelor’s degree, especially for entry-level jobs. The job responsibilities assigned to the operational manager at a specific company determine what level of education is desired by the hiring company.
The bachelor’s degree programs pertaining to operational management positions typically take 4 years to complete. The relevant master’s degree programs take anywhere from 2 additional years to 4 years to complete after college. Some colleges offer degrees that are directly related to the study of operational management.
In addition to education, operational managers need to have knowledge about and familiarity with a variety of computer programs and content areas. For example, an operational manager should be very familiar with Microsoft work, Microsoft excel, Outlook, and more. Operations managers should have good social skills and should be comfortable working with a diverse group of individuals. Managers should also be good collaborators and should have flexible personalities. They should have a great deal of knowledge about finances, budgeting, and bookkeeping.
Individuals who have recently completed their bachelor’s degree may have to accept lower salaries and entry level positions until they gain hands-on experience. As they become more familiar with and knowledgeable about the job, they may be promoted to higher level jobs. Larger companies typically want to hire individuals who have earned master’s degrees or have a significant amount of experience. Some companies will help their employees pay for tuition towards a master’s degree.
Companies typically want to hire operation managers who have solid decision-making skills, are good leaders, are good organizers and planners, have good communication skills, have solid background knowledge in taxes, finances, and accounting, and more.
Operations Manager Salary
According to the BLS or the Bureau for Labor Statistics, the median annual operations manager salary is $97,270 or $46.77 per hour as of May of 2014. This is much higher than the average median value for all other occupations in the United Sates. The median annual salary for all careers in the United States was $34,750. The value of the average salary is somewhat different than the median value although these values can be very close. However, the median value is right in the middle of the salaries that have been documented. This means that half of all operations managers have less than the middle value and half have earned more. The highest earning 10% of operations managers earned more than $187,199. The lowest paid managers earned an annual salary of $45,130 or less.
Location of employment can significantly influence the operations manager salary. The best paying locations for operations managers are Bridgeport, Connecticut, Trenton, New Jersey, and New York City. Other cities that pay well include Danbury, Connecticut and San Jose, California. The average salary for an operations manager in Bridgeport, Connecticut is $166590. Education also influences salary. States such as Utah and Maine tend to be the lowest paying for operational managers. Those who have just earned a bachelor’s degree and are just starting out in the field tend to earn the lowest annual salaries. Individuals who have more experience or higher levels of education typically earn higher salaries within the field. As individuals gain more experience, their salaries tend to increase.
Business operations managers often work 40 or more hours per week. In some instances, they may need to work well over 40 hours in a given work week. The stress level of this job is far higher than that of most other professions due to various complexities and stressors in the work environment. Also, job flexibility is below average for this occupation. However, the salary is very good especially when compared with other professions. For many, the perks of earning a high salary outweigh the disadvantages of this job.
Operations Manager Job Outlook
In the coming years, the operations manager job outlook is good. Between 2014 and 2024, it is anticipated that the field of operations management will grow by approximately 7%. In that span of time, an estimated 151,100 new operations management positions should be created. This anticipated rate of growth is on par with the average rate of growth for all other occupations in the United States. As companies continue to expand and grow, there will continue to be a demand for operations managers. Also, the creation of new businesses will help the field of operational managers grow and remain steady. As a result, operations managers should experience relatively good job security now and into the future.