As of April 01, 2025, the average annual salary for a Banquet Manager in Newark, NJ is $59,444. Salary.com reports that pay typically ranges from $51,673 to $69,068, with most professionals earning between $44,597 and $77,831.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $69,068 | $5,756 | $1,328 | $33 |
| Average | $59,444 | $4,954 | $1,143 | $29 |
| 25th Percentile | $51,673 | $4,306 | $994 | $25 |
An entry-level Banquet Manager with under 1 year experience makes about $56,544. With less than 2 years of experience, a mid-level Banquet Manager makes around $56,892. After 2-4 years, the Banquet Manager pay rises to about $59,212. Those senior Banquet Manager with 5-8 years of experience earn roughly $61,886, and those Banquet Manager having 8 years or more experience are expected to earn about $63,035 on average.
| Levels | Salary |
|---|---|
| Entry Level Banquet Manager | $56,544 |
| Intermediate Level Banquet Manager | $56,892 |
| Senior Level Banquet Manager | $59,212 |
| Specialist Level Banquet Manager | $61,886 |
| Expert Level Banquet Manager | $63,035 |
| Entry Level | 8% |
| Mid Level | 8% |
| Senior Level | 13% |
| Top Level | 18% |
| Experienced | 20% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
| Skill | Salary | Demand |
|---|---|---|
|
Budgeting
|
$64,200 |
8%
|
|
Coordination
|
$63,011 |
6%
|
|
Forecasting
|
$63,011 |
6%
|
|
Innovation
|
$62,416 |
5%
|
|
Conference Services
|
$62,416 |
5%
|
|
Cost Control
|
$61,822 |
4%
|
