Operations Manager Salary
The job of an operations manager is to design, implement and oversee the production process for a company that sells either goods or services and their goal is to maximise output while minimising the necessary investments of time, money and labour. So, this job is all about efficiency.
Operations managers analyse every component of the business operations they are tasked with, from technology to workflow to individual employees, to identify areas for potential improvement. Once those opportunities have been determined, an operations manager will then lead the project of implementing new, efficiency-enhancing strategies and processes.
Because the work spans such a broad scope, it demands a person with a unique skill set.
Operations managers must be expert problem solvers and logical thinkers, but they must also be creative in finding solutions to complex challenges.
It’s a job that requires strong social skills and a deep understanding of psychology because employee morale and motivation are two of the biggest factors that contribute to efficiency in the workplace. So operations managers certainly have their work cut out for them.
But, as with most positions that require considerable talent, there are many benefits to being an operations manager.
Benefits of Being an Operations Manager
- Job Satisfaction: Operations managers report a high level of job satisfaction. Their work produces tangible results that propel the company forward and lead to measurable profit increases.
- Personal Development: Because this job requires such broad knowledge, and because technology and the marketplace are evolving so quickly these days, operations managers must always be learning and improving themselves.
- Challenge: True challenges give us a reason to get out of bed in the morning, looking forward to another day of growth. Overcoming these daily challenges is incredibly rewarding.
- Salary: Operations managers earn in the highest tiers of the workforce, with salaries steadily climbing based upon performance and experience.
Salary Expectations - Median Salary for an Operations Manager
The median salary for an operations manager in the UK is currently about £34,000 annually, which translates to roughly £2,800 each month.
The overall salary range is quite broad, though, and spans from £22,000 to as much as £53,000. So those in the upper ranks of the profession earn more than double what their counterparts in the lowest rungs of the business make.
Additionally, some operations managers are paid several thousand pounds annually in commission and profit sharing dividends. But salaries and benefits vary widely based upon the industry and firm wherein the manager is employed.
Meanwhile, the national average salary for UK operations managers is close to the median, coming in at £35,000. But, mid-career managers typically earn about 8% above that average, while late career professionals earn 23% above the national average. So experience in this role translates into direct pay increases at a rapid rate.
Best Places in the UK To Be An Operations Manager
As one might expect, salaries are highest for operations managers working in the UK’s major economic hubs.
Those working in London measure in at the highest paid, earning 12% above the national average, as do those in Leicester.
In Birmingham, operations managers earn a solid 8% above average, while those in Manchester make 6% more than average and workers in Edinburgh make just 3% above average.
In contrast, those in Bristol and Glasgow earn a few percentage points below the average.
Four Skills to Advance Your Career
Of course, salaries are usually tied to skills, and those with the most sought-after talents are the highest earners. So, which skills are the most valuable regarding income and promotion?
- Project Management: Those with accredited certifications and industry experience in project management earn 7% above the average, making this the most valuable skills for OMs.
- Process Improvement: Boosting salaries 6% above the average, process improvement qualifications are highly coveted by recruiters and big corporations.
- Budget Management: Correlating to a 4% rise in income, budget management is an essential skillset for operations managers.
- Leadership: Proven leadership skills boost salaries by at least 3% here in the UK, and those who can demonstrate strong leadership abilities are amongst the quickest to be promoted to higher positions.
What's Next for an Operations Manager?
For those looking to rise above the level of operations manager and join the ranks of the executive level, there are several career options to aim for.
The two most common are to work in general management jobs or become an Operations Director (median salary: £59,000).
Some, however, go on to become Business Development Managers or Business Managers. From there, the next levels are Managing Director of Sales and Marketing or Chief Operating Officer, where salaries rise into the six figures for CEO jobs.
So, whether you are on the path to launching a career in operations management or are already entrenched in the job and looking to become the industry’s next CEO, be sure to network diligently and keep learning the most valuable skills you can. If you dedicate yourself to the task, your career is sure to flourish.