Business Majors: Salary and Career Facts
Find out about the types of jobs you could pursue with a degree in business. Read on to learn more about career options along with degree programs and salary information.
What Does a Business Major Do?
A lot of business majors are looking to become accountants or work in management in a small corporation. Many will work in specialty areas like finance, construction, administration, computers or health. With a bachelor's or master's degree in business there are a lot of doors that will open in industry, international business, Wall Street, even the state and federal government has need for business majors.
Business majors can choose to go into a wide variety of business-related careers after graduation. See the table below to learn more about possible careers and salary information.
|General & Operations Manager||Labor Relations Specialist|
|Education Required||Bachelor's or master's degree||Bachelor's degree|
|Education Field of Study||Business, business administration or public administration||Human resources or business|
|Training Required||May require years of experience and managerial training||N/A|
|Key Skills||Communication, leadership, management and problem-solving skills||Interpersonal, listening, speaking and decision-making skills|
|Job Growth (2018-2028)||7%*||-8%*|
|Median Salary (2018)||$100,930*||$67,790*|
Source: U.S. Bureau of Labor Statistics.
What Do Business Majors Consist Of?
A business major refers to a 4-year bachelor's degree program. This is a widely available major, which might lead to a Bachelor of Science (B.S.) or Bachelor of Arts (B.A.) in Business or Business Administration. Bachelor's degrees in global business are also available. To complete a business major, you can expect to complete 120-180 credit hours. Programs are available on campus and online. You can expect to complete courses in accounting, marketing, communications and management.
What Careers Can I Get?
As a graduate of a bachelor's degree in business, you may find positions in marketing, human resources or manufacturing, as an office manager, labor relations specialist or operations manager. A bachelor's degree in business also prepares you for graduate study in this field, which might include a Master of Business Administration (MBA) program.
An operations manager is responsible for personnel management and policy creation, as well as planning and managing business operations on a daily basis. A labor relations specialist is responsible for reviewing compensation, labor needs and contracts, as well as assessing union members' skills.
How Much Can I Earn?
According to the U.S. Bureau of Labor Statistics (BLS), in 2018, general and operations managers earned a median annual wage of $100,930 (www.bls.gov). Labor relations specialists earned a median annual salary of $67,790 that same year.
What Are Some Related Alternative Careers?
Business majors in related careers may cover a lot of industries and fields. There are accounting positions, operations or production managers, plant and facilities managers, even health services administrators that require a bachelor's degree. Those who hold less than a master's can work professionally as buyers, cost estimators, or find a career in real estate. Other bachelor's degree fields could include health care as a head of certain departments or in finance and collections. All of these positions will require that degree as well as special training or additional education in those specialties.