To find the highest-paying college majors, Business Insider used individual-level data from the US Census Bureau's 2018 American Community Survey compiled by the Minnesota Population Center's Integrated Public Use Microdata Series program. Management was the most popular choice of business majors comprising 33 percent of all graduates for that group, or more than 2.7 million degrees. New York, NY, Washington, DC, Arlington, VA, Seattle, WA, Boston, MA, and Baltimore, MD also have great salaries for business major graduates.

Accounting is said to be the language of business. The average starting salaries for business majors can vary depending on the individual, the job, and the school where the degree was earned. Using the listed field of study among respondents who graduated from college and annual total income data, we found the majors with the highest average total personal income among employed Americans with at least a bachelor's degree in that field. The United States Bureau of Labor and Statistics conducted several studies and came up with the list of the ten highest paying business degrees today. Of the 20 majors with the highest average annual total income, 17 are in science, engineering, or medical fields. These transferable skills may also be applied in one’s personal life, not just his professional life. Subscriber Understand what's truly driving the gender pay gap. As he rises up the ranks and gains more expertise and experience, his annual salary may go up to $95,000. At the master's level, average starting salaries are just under $65,000.

The 7 Most Affordable Online Degree Programs of 2020, Best Accounting Schools for Undergraduates, Top 11 Best Aerospace Engineering Schools for Undergraduates, What Is a Communications Major? A business degree doesn’t mean you make CEO on your first day. It is through their efforts that businesses are better able to enhance its brand, maximize its investments and resources, and increase profitability. Not only does a  business degree garner some of the highest incomes of any major, they also have great influence on our economic, political and social systems. Improve your chances of receiving a raise when you ask. Those who study business management develop the leadership and administrative skills to run their own business, a company department or an entire corporation. Business administration is a broad type of college degree, whereby students who pursue business administration have the option of choosing a concentration from a wide variety majors. According to the Financial Times, the average salary for an MBA three years after graduation was $142,000 in 2017.

The highest was in actuarial science at a median of $68,000 per year. Bachelor of Business Administration (BBA) - Salary - Get a free salary comparison based on job title, skills, experience and education. The study of business is very broad, encompassing a wide area of learning and discipline. Login form Out of all these reasons, you are sure to encounter the last reason more than once or twice. Learn more about average business major Salaries on SimplyHired. Financial / Securities / Investments Analyst, Purchasing Agent (but not Wholesale, Retail, or Farm Products). Use These Key Salary Negotiation Techniques to Write a Counter Proposal Letter. This is probably one of the most recognizable business majors you would come across in many universities. HOW TO ANSWER – What Are Your Salary Expectations? The courses commonly taken up in this business major are: We cannot speak of business without talk of economics coming up in the discussion.

The salary for a business major graduate can range from $26,371 to $98,944 depending on the amount of work experience that the person has. Dell and Citi are the highest paying companies. since. The usual courses you will find under this degree are: Yearly, the estimated average salary earned by those with a career in finance is almost $100,000. Take a look at the following list, which include some of the possible careers for a business degree major. Skyrocket your resume, interview performance, and salary negotiation skills. This tool may help business majors decide on a career path after graduation.
Best Business Jobs. This is a popular and lucrative business major for both undergraduate and graduate students.

Some of the more traditional areas for careers in business include: Accounting, Finance, Economics, as well as Management and Organization. The research, writing, and presentation skills developed by business majors help … Some would probably even say that this is the most encompassing and fundamental of all business majors. The top 10 percent make over $121,000 per year, while the bottom 10 percent make under $28,000 per year. Common job titles include business analyst, systems administrator, project manager, and information systems manager. They are the ones with the ability for analysis, research and strategy development with respect to an organization’s marketing.

However, that may not last for long, since his transferable skills, which come as part and parcel of his business degree, will make him qualified for promotion, so that he can advance and move up to managerial positions, all the way up to a seat in the top management.

Courses, Jobs, Salaries. This list gives college business majors an idea of what to expect in the job market. Ask a business graduate why she chose this path, and you are also likely going to get even more reasons, complete with elaborate explanations. What Can I Do With a Masters in Business Administration? They maintain business profitability while keeping costs down, and pursuant to government regulations.

Retail companies and Technology companies have the most job opportunities for Business majors.

Which alumni earn the most after graduation? Management information systems is a business major that focuses on the use of computerized information systems to guide managerial decisions and manage business operations. The national average salary for a business major in the U.S. is $59,307 annually or $28.51 hourly.

The salary range for management analysts was $45,900 to $150,000. Salaries for business major graduates in telecommunication companies average $82,082 annually, while retail companies and technology companies pay $71,412 and $71,219, respectively. Students choose to study business because of the higher earnings potential that a career in business offers. This is probably one of the most recognizable when we speak of business majors or degrees. E-mail is already registered on the site. Depending on the business major, there are certainly more career possibilities for someone holding a degree in business. Just take a look at the list below: When one hears the word “healthcare”, the most frequent assumption is that this is a degree that falls under the medical field. Business is the most popular college major group, comprising about a quarter of all majors, asserts Georgetown University in its 2011 survey of undergraduate and graduate salaries.

Sign up for Innovation Inc. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider These majors all earn over $121,000.

However, there are some lucrative business majors that seem to rise to the top in the National Association of Colleges and Employers Salary Survey Report.

Students can go on to work in management or get jobs in marketing, finance, human resources, and related areas.

National Association of Colleges and Employers Salary Survey Report. With a rise in technology and multinationalism, business majors gain a broad scope of knowledge in their coursework.
To equip individuals for this challenge, the courses usually included in this major are: Graduates of this business degree will find their skills and qualifications in demand, not only in international corporations and financial institutions, but also in government and regulatory agencies. At the master's level, grads earn an average starting salary of more than $70,000. The lowest median for the group belonged to those with miscellaneous business and medical administration degrees at a median of $53,000 per year. Salary of a College Graduate's Marketing Career. Transferable skills are what make an individual flexible and versatile, so that he will not be boxed in or be hampered by his limited knowledge. Contrast this with the 21 percent of business major undergraduates going for their advanced degrees.

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