Business Administration/ Business Manager Salary in Nigeria

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.

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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 all the employment opportunities with their respective salaries available for business managers in Nigeria. We would a few that will enable have a glance at 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 EmploymentMonthly Business Managers SalariesAnnual Business Managers Salaries
Manufacturing companiesN200, 000 to N800, 000N2, 400, 000 to N9, 600, 000
Financial institutionsN150, 000 to N500, 000N1, 800, 000 to N6, 000, 000
Construction companiesN120, 000 to N700, 000N1, 440, 000 to N8, 400, 000
Oil and gas companiesN250, 000 to N1,000, 000N3, 000, 000 to N12, 000, 000
Telecommunication companiesN200, 000 to N800, 000N2, 400, 000 to N9, 600, 000
Food and drinks manufacturing companiesN200, 000 to N700, 000N2, 400, 000 to N8, 400, 000
Retail companiesN50, 000 to N200, 000N600, 000 to N2, 400, 000
Government agenciesN80, 000 to N300, 000N960, 000 to N3, 600, 000
Tertiary institutionsN80, 000 to N500, 000N960, 000 to N6, 000, 000
Secondary schoolsN30, 000 to N80, 000N360, 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 QualificationsMonthly Business administration | Business Manager SalaryAnnual Business administration | Business Manager Salary
Fresh GraduatesN80, 000 to N300, 000N960, 000 to N3, 600, 000
Master’s Degree HoldersN250, 000 to N600, 000N3, 000, 000 to N7, 200, 000
PhD. HoldersN300, 000 to N700, 000N3, 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 ExperienceLow-end SalaryHigh-End Salary
<5N70, 000N250, 000
<10N250, 000N500, 000
>10N300, 000N800, 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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