Business Administration or Business Manager Salary in Nigeria - Nigeria Boom

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Business Administration or Business Manager Salary in Nigeria

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This article is written to enlighten you on business administration or business manager salary in Nigeria.
Before we proceed, it is important you know what business administration is all about. 

business administration salary in Nigeria

What is Business Administration or Management?

Business administration, as the name implies, is the administration or management of a business.
Business managers in any establishment are therefore tasked with the important role of managing and supervising their business operations.
Managing and supervising the business operations of an organization clearly would involve a lot of processes. Business managers are therefore able to influence the planning, staffing, accountancy, finance, project management, marketing, budget and others of any establishment they work with.

Major factors that Influence Business administration | Business Manager Salary in Nigeria

Business administration | business manager salary in Nigeria is influenced by various factors. Among these factors includes;
1.     Place of Employment
2.     Educational qualification
3.     Years of Experience

Business administration | Business manager Salary in Nigeria According to their Place of Employments

The salary of business administration | business managers in Nigeria is significantly influenced by their place of employment.
Fortunately, business managers are employed by almost any organization in Nigeria. This is because every firm or organization requires a business manager to run its business.
This article, therefore, will not list out of the employment opportunities with their respective salaries available for business managers in Nigeria. We would a few that will enable have a glance of how much, business managers earn in Nigeria
·        Manufacturing companies
·        Financial institutions
·        Construction companies
·        Oil and gas companies
·        Telecommunication companies
·        Food and drinks manufacturing companies
·        Retail companies
·        Government agencies
·        Tertiary institutions
·        Secondary schools
See below summary data of business administration | business managers’ salaries in Nigeria according to their place of employment.

Place of Employment
Monthly Business Managers Salaries
Annual Business Managers Salaries
Manufacturing companies
N200, 000 to N800, 000
N2, 400, 000 to N9, 600, 000
Financial institutions
N150, 000 to N500, 000
N1, 800, 000 to N6, 000, 000
Construction companies
N120, 000 to N700, 000
N1, 440, 000 to N8, 400, 000
Oil and gas companies
N250, 000 to N1,000, 000
N3, 000, 000 to N12, 000, 000
Telecommunication companies
N200, 000 to N800, 000
N2, 400, 000 to N9, 600, 000
Food and drinks manufacturing companies
N200, 000 to N700, 000
N2, 400, 000 to N8, 400, 000
Retail companies
N50, 000 to N200, 000
N600, 000 to N2, 400, 000
Government agencies
N80, 000 to N300, 000
N960, 000 to N3, 600, 000
Tertiary institutions
N80, 000 to N500, 000
N960, 000 to N6, 000, 000
Secondary schools
N30, 000 to N80, 000
N360, 000 to N960, 000

Business Administration | Business Manager Salary in Nigeria according to Educational Qualification

See summary data of Business Managers’ salaries in Nigeria;

Educational Qualifications
Monthly Business administration | Business Manager Salary
Annual Business administration | Business Manager Salary
Fresh Graduates
N80, 000 to N300, 000
N960, 000 to N3, 600, 000
Master’s Degree Holders
N250, 000 to N600, 000
N3, 000, 000 to N7, 200, 000
Ph.D. Holders
N300, 000 to N700, 000
N3, 600, 000 to N8, 400, 000

Business administration | Business manager Salary in Nigeria According to Experience

Business managers’ salaries in Nigeria are also influenced by their years of experience.
See summary data below of business managers’ salaries in Nigeria according to their years of experience
Years of Experience
Low end Salary
High End Salary
<5
N70, 000
N250, 000
<10
N250, 000
N500, 000
>10
N300, 000
N800, 000

Top Industries |Place of Employment for Business Managers in Nigeria for High Salary

·        Oil and gas companies
·        Manufacturing companies
·        Chemical companies
·        Financial institutions
·        Government agencies

Qualities required of a Business Manager in Nigeria

The following qualities are required to become successful in business administration | business manager in Nigeria;
·        Strong management skill
·        Deep understanding of business laws
·        Effective decision making
·        Understanding of the economic influence to any establishment
·        Marketing research skill
·        Ability to always stay up-to-date with market trends
·        Logical thinking
·        Project management skill
·        Time management skill




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