What Is the Salary of a Graduate with a Business Management Degree?
An educational background in business management will allow you to work in a variety of settings, ranging from small businesses to international corporations. Your earning potential will vary depending on the career path you choose. Keep reading to learn more about career opportunities and earning potential in the field of business management.
Career Options for Business Management Majors
PayScale.com reported in May 2019 that the majority of business managers earned an annual salary between $37,000 and $106,000; however, the field of business management encompasses a variety of careers, making the task of reporting average salaries difficult. As a graduate of a business management degree program, your knowledge of general business, management, accounting, finance and marketing principles allows you to pursue career opportunities that span across a number of industries, including retail, manufacturing, marketing and banking, among many others.
Important Facts About Business Management
|Entry-Level Education||Bachelor's degree is typical|
|Key Skills||Communication, leadership, decisionmaking and analytical skills|
|Work Environment||Office setting|
|Similar Occupations||Financial Managers, Industrial Production Managers, Health Services Managers|
Salary Information for Marketing and Sales Managers
According to data released in 2018, the U.S. Bureau of Labor Statistics (BLS) reported that the median annual earnings for marketing managers and sales managers were $134,290 and $124,220, respectively. According to the BLS, the scientific research and development services industry offered the highest earning potential for marketing managers. Sales managers employed in the securities and commodity contracts and other financial investments and related activities industry had the highest salaries in that profession.
Salary Information for Administrative Services Managers
The BLS reported in May 2018 that administrative services managers in the U.S. earned a median salary of $96,180 per year. Local government agencies, universities and company management departments were among the industries that employed the most administrative services managers, while oil and gas extraction and the securities and the monetary authorities industry paid some of the highest wages.
Salary Information for Human Resource Managers
Human resource managers earned an annual median wage of $113,300 in 2018, according to the BLS. Top-paying employers for this occupation at that time included monetary authorities and the securities and commodity contracts industry.