#Entry level jobs for business majors professional#
Students fresh out of college with no or little professional experience will have to begin their careers in entry-level roles in fields like consulting, analysis and specialist and associate-level positions. What Are Entry-Level Jobs for Business Majors? While these high salaries can tell you what you may be able to look forward to in terms of future job compensation, you can’t expect to earn wages in this range when you are just starting out. The problem with the lucrative roles and their corresponding salaries is that they are still far out of reach for recent business graduates. The Highest-Paying Entry-Level Business Jobs If you have a background in another discipline, on top of your business administration and management capabilities, you might be qualified for another type of management role, such as computer and information systems manager, architectural and engineering manager, natural science manager or health services manager. Business careers with median wages in the $70,000 to $80,000 range include budget analysts, logisticians, accountants and auditors, labor relations specialists and insurance underwriters. Outside of management roles, some of the best-paying business careers include personal financial advisor, management analyst, financial analyst and financial examiner, all of which reported median wages in the $80,000 range. For general and operations managers, the BLS reported a 2020 median wage of $103,650. You don’t need to make it all the way to the top rung of the corporate ladder to approach six-figure earning potential. Among managers in the human resources space, compensation and benefits managers report the highest earnings, with a median wage of $125,130, followed by the $121,220 median salary reported for HR managers in general and the $115,640 median salary for training and development managers. Financial managers enjoyed a median wage of $134,180, with sales managers just below them, at $132,290. The median wage for this occupational group, according to the BLS, was $141,490 in 2020. Management positions in marketing, advertising and promotions also offer great salaries. C-suite business leaders hold titles like Chief Executive Officer (CEO) and Chief Financial Officer (CFO), and they earned a median wage of $185,950 in 2020, according to the BLS. Six-figure salaries aren’t uncommon for managers, and the higher you rise up the corporate ladder, the more money you’re likely to earn.Īmong opportunities for business majors, chief executive is the most lucrative. Generally, the business professionals who earn the most money are the ones at the top.
Of course, the entry-level median wage for the least lucrative majors is still better than the $22,000 entry-level median wage reported for workers with only a high school diploma. On the opposite end of the spectrum, humanities, arts and liberal arts majors saw a median wage of just $29,000. In the 45- to 59-year-old age group, the median growth of an additional $5,000 increased the overall median salary for that age group to $75,000. The median wage growth between this age group and the 35- to 44-year-old group was $18,000, raising the median wage for this age group to $70,000. Business majors who had reached the 25- to 34-year-old age group reported median wages of $52,000.
The entry-level median wages reported in the 2015 survey were $43,000 for STEM majors, $41,000 for health majors and $37,000 for business majors.īy the mid-career point, the median wage for business majors had overtaken that of health majors, making business second only to STEM in terms of earning potential. Researchers found that only STEM (science, technology, engineering and mathematics) subjects and health beat out business majors when it comes to entry-level pay rates. Business is one of the highest-paying college majors at both entry-level and mid-level career stages. Business as One of the Highest-Paying MajorsĪlthough you probably won’t be earning anywhere near six figures as a new graduate, you can feel confident in your degree choice.
Those median salary ranges are well above the $41,950 median wage that the BLS reported for all occupations in 2020. The median wage for business and finance occupations was $72,250 as of 2020, according to the United States Bureau of Labor Statistics (BLS), and business professionals who work their way up to management roles enjoyed a much higher median salary of $109,760. High salary potential is probably at least part of the reason you’re considering earning a business degree.
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