Top 20 Highest-paying Jobs With Business Administration Degree
Are you considering earning a degree in business administration? If so, you’re in good company. Business administration is one of the most popular college majors and for good reason.
A degree in this field can open up a wide range of career opportunities and provide a strong foundation for success in the business world. But what are the highest-paying jobs with a business administration degree? In this post, we’ll take a look at 20 of the best jobs in this field, along with their average salaries and job outlook.
Understanding the Role of Business Administration in Organizational Success
1. Chief Executive Officer (CEO)
What they do: Oftentimes, the CEO is the highest-ranking executive in a company and is responsible for making major corporate decisions, directing the overall operations and strategy of the organization, and representing the company to investors, the board of directors, and the public.
What they earn: The average salary for a CEO is $179,520 per year, according to the Bureau of Labor Statistics (BLS), and job growth is expected to be 6% from 2021 – 2031.
2. Chief Financial Officer (CFO)
What they do: The CFO is responsible for the financial management of a company, including budgeting, financial reporting, and compliance with financial regulations.
What they earn: The average salary for a CFO is $147,530 per year, according to the BLS, and job growth is expected to be 8% from 2019-2029.
3. Marketing Manager
What they do: Marketing managers are responsible for developing and implementing marketing strategies to promote a company’s products or services. This may include market research, advertising, and public relations.
What they earn: The average salary for a marketing manager is $147,240 per year, according to the BLS, and job growth is expected to be 6% from 2019-2029.
4. Sales Manager
What they do: Sales managers are responsible for leading a team of sales representatives and developing strategies to increase sales and revenue.
What they earn: The average salary for a sales manager is $121,060 per year, according to the BLS, and job growth is expected to be 4% from 2019-2029.
5. Financial Manager
What they do: Financial managers are responsible for the financial health of an organization. This may include developing financial reports, creating investment strategies, and ensuring compliance with financial regulations.
What they earn: The average salary for a financial manager is $129,890 per year, according to the BLS, and job growth is expected to be 16% from 2019-2029.
6. Human Resources Manager
What they do: Human resources managers are responsible for the administration of an organization’s human resources programs, including recruitment, training, and employee relations.
What they earn: The average salary for a human resources manager is $116,720 per year, according to the BLS, and job growth is expected to be 6% from 2019-2029.
7. Operations Manager
What they do: Operations managers are responsible for overseeing the day-to-day operations of a company, including production, logistics, and supply chain management.
What they earn: The average salary for an operations manager is $100,780 per year, according to the BLS, and job growth is expected to be 7% from 2019-2029.
8. Information Technology (IT) Manager
What they do: IT managers are responsible for planning, coordinating, and overseeing an organization’s information technology (IT) systems. This may include networking, data management, and cybersecurity.
What they earn: The average salary for an IT manager is $146,360 per year, according to the BLS, and job growth is expected to be 11% from 2019-2029.
9. Advertising, Promotions, and Marketing Manager
What they do: Advertising, promotions, and marketing managers are responsible for planning and coordinating advertising and promotion campaigns for a company.
What they earn: APM Managers typically earn a little above six figures; with Salary.com estimating their annual income to be between $97,600 to $135,000.
10. Public Relations and Fundraising Manager
What they do: Public relations and fundraising managers are responsible for developing and implementing public relations and fundraising strategies for an organization. This may include media relations, event planning, and donor cultivation.
What they earn: The average salary for this job is $116,180 per year, according to the BLS, and job growth is expected to be 7% from 2019-2029.
11. Management Consultant
What they do: Management consultants work with organizations to improve their operations, efficiency, and profitability. This may include conducting market research, analyzing data, and making recommendations for improvement.
What they earn: The average salary for a management consultant is $85,260 per year, according to the BLS, and job growth is expected to be 14% from 2019-2029.
12. Project Manager
What they do: Project managers are responsible for planning, coordinating, and overseeing the completion of specific projects within an organization. This may include setting goals, developing schedules, and managing budgets.
What they earn: The average salary for a project manager is $107,100 per year, according to the BLS, and job growth is expected to be 7% from 2019-2029.
13. Procurement Manager
What they do: Procurement managers are responsible for purchasing goods and services for an organization. This may include evaluating suppliers, negotiating contracts, and managing inventory.
What they earn: The average salary for a procurement manager is $115,750 per year, according to the BLS, and job growth is expected to be 5% from 2019-2029.
14. Health Services Manager
What they do: Health services managers are responsible for the administration of healthcare organizations, including hospitals, clinics, and nursing homes. This may include managing budgets, personnel, and quality assurance.
What they earn: The average salary for a health services manager is $100,980 per year, according to the BLS, and job growth is expected to be 18% from 2019-2029.
15. Training and Development Manager
What they do: Training and development managers are responsible for designing and implementing training programs for an organization’s employees. This may include conducting needs assessments, developing curricula, and evaluating the effectiveness of training programs.
What they earn: The average salary for a training and development manager is $105,830 per year, according to the BLS, and job growth is expected to be 7% from 2019-2029.
16. Compensation and Benefits Manager
What they do: Compensation and benefits managers are responsible for developing and administering an organization’s compensation and benefits programs, including salaries, bonuses, and health insurance.
What they earn: The average salary for a compensation and benefits manager is $119,120 per year, according to the BLS, and job growth is expected to be 6% from 2019-2029.
17. Real Estate Manager
What they do: Real estate managers are responsible for the management of an organization’s real estate holdings, including properties, leases, and contracts.
What they earn: The average salary for a real estate manager is $94,820 per year, according to the BLS, and job growth is expected to be 6% from 2019-2029.
18. Environmental Manager
What they do: Environmental managers are responsible for overseeing an organization’s compliance with environmental regulations and policies. This may include conducting environmental assessments, implementing pollution control measures, and developing sustainability plans.
What they earn: The average salary for an environmental manager is $92,800 per year, according to the BLS, and job growth is expected to be 7% from 2019-2029.
19. Hotel Manager
What they do: Hotel managers are responsible for the day-to-day operations of a hotel, including guest services, housekeeping, and staff management.
What they earn: The average salary for a hotel manager is $53,390 per year, according to the BLS, and job growth is expected to be 8% from 2019-2029.
20. Business Development Manager
What they do: A business development manager is a professional role that is responsible for identifying and pursuing new business opportunities for a company. This can include identifying new markets, developing relationships with potential clients, and working with other departments within the company to create and implement strategies for growth.
The specific responsibilities of a business development manager can vary depending on the industry and size of the company.
What they do: The salary range for BDMs usually falls between $113,285 and $150,157, and they are comfortable earners.
FAQs and Answers
What is a degree in business administration?
A degree in business administration is a type of undergraduate or graduate degree program that provides students with a broad understanding of business principles and practices. This may include courses in finance, marketing, operations, and management.
What can I do with a degree in business administration?
A degree in business administration can open up a wide range of career opportunities in fields such as finance, marketing, operations, and management. Some of the highest-paying jobs in this field include CEO, CFO, marketing manager, and sales manager.
What are the highest-paying jobs with a business administration degree?
The highest-paying jobs with a business administration degree include CEO, CFO, marketing manager, and sales manager, with average salaries ranging from $183,270 to $147,240 per year. Other high-paying jobs in this field include financial manager, human resources manager, operations manager, and IT manager.
How can I get a job with a degree in business administration?
To get a job with a degree in business administration, you will need to develop a strong resume and cover letter, and network with professionals in your field. You may also want to consider internships or entry-level positions to gain experience and build your professional network. Additionally, many employers value practical experience, so consider taking on leadership roles in clubs or organizations, or completing relevant projects or case studies.
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Wrapping It Up
In conclusion, a degree in business administration can open up a wide range of career opportunities and provide a strong foundation for success in the business world. The highest-paying jobs in this field include CEO, CFO, marketing manager, and sales manager, with average salaries ranging from $183,270 to $147,240 per year. Other high-paying jobs in this field include financial manager, human resources manager, operations manager, and IT manager.
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