If you want to make a career in business, this might be an exciting and fulfilling vocation. Finance, marketing, education, sales, and healthcare are just a few areas with employment openings for business majors.
These individuals are employed to analyze and improve organizational performance and operations. The finest business jobs provide employment flexibility, professional advancement, competitive salary, and a positive occupational outlook.
The majority of Bachelor’s degrees granted in the 2019-20 academic year were in business indicating the scope of business jobs. There is no wonder that a business degree can help you apply for the highest-paid business designations such as Data Scientist and Accounting Manager!
Getting a business management or administration degree can help you boost your career. Let’s find out the highest paying business jobs to kickstart a fulfilling career!
Every business needs to have employees that are compensated fairly for the work that they do. The salaries of these employees play a large role in the overall success of a company.
We reviewed the most recent occupational outlook data from the US Bureau of Labor Statistics to uncover 15 fast-growing careers you may attain with a business degree. Learn more about each role’s job description, income, career prospects, and requirements to help determine if a business graduate career suits you.
- Data Scientist
- Accounting Manager
- Logistic Managers
- Marketing Managers
- Human Resource Managers
- Project Managers
- E-Commerce Consultants
- Business Analyst
- Healthcare Financial Managers
- Personal Financial Advisors
- Forensic Accountants
- Social Media Researcher
- Operations Manager
- Sales Managers
- Industrial Production Managers
Let’s explore the details of the above-mentioned highest paying business jobs that can help you utilize your business majors!
1. Data Scientist
Average Salary: $144,873
Qualification: A Bachelor’s degree in business management or administration.
Job description: Data scientists determine data sources and automate data collecting along with analyzing both organized and unstructured data. Additionally, they also analyze a significant amount of data to find trends and patterns using ensemble models and creating prediction models.
2. Accounting Manager
Average Salary: $117,149
Qualification: A Bachelor’s degree in accounting, finance, or business management.
Job description: Accounting managers oversee the accounting department’s activities, such as payroll, budget, revenues, reconciliations, and the creation and maintenance of financial documentation. In addition, accounting managers are in charge of boosting team performance and increasing team contribution.
3. Logistic Manager
Average Salary: $114,690
Qualification: A Bachelor’s degree in logistics management.
Job description: Logistic managers are in charge of planning and organizing commodities transportation, distribution, and storage. They also cultivate commercial partnerships with clients and vendors.
4. Marketing Manager
Average Salary: $113,582
Qualification: A Bachelor’s degree in business management, marketing, and business administration.
Job description: A marketing manager is in charge of the organization’s marketing and advertising efforts. The duties include directing the marketing department, supervising marketing operations, and employing marketing executives.
5. Human Resource Manager
Average Salary: $112,793
Qualification: A Bachelor’s or Master’s degree in business management or human resource.
Job description: Recruiting, employment planning, staffing, policy formulation, employee development, training, and organizational communications are among the responsibilities of the Human Resource Manager. They must be effective communicators with a solid comprehension and knowledge of business perspectives.
6. Project Manager
Average Salary: $82,817
Qualification: A Bachelor’s degree in project management or business administration.
Job description: Project managers lead a team to accomplish a specified objective or set of goals. They establish deadlines, delegate roles, disseminate information, and track progress.
7. E-Commerce Consultant
Average Salary: $81,335
Qualification: A Bachelor’s degree in an area related to e-commerce, such as marketing or business administration.
Job description: E-commerce consultants help firms enhance their online sales. Their responsibilities vary based on the demands of the company for which they work. They may design and build websites, establish marketing campaigns, or provide recommendations on enhancing sales.
8. Business Analyst
Average Salary: $76,064
Qualification: A Bachelor’s degree in business management or administration.
Job description: A business analyst’s job is to discover inefficiencies in the firm and offer solutions. Business analysts work in the IT industry and help to change business initiatives. They also liaise between the development team and the rest of the company.
9. Healthcare Financial Manager
Average Salary: $71,999
Qualification: A Bachelor’s degree in business administration or accounting.
Job description: Healthcare Financial Managers are in charge of a healthcare organization’s financial operations. They ensure that the organization’s finances are used wisely and collaborate with other departments to establish budgets and projections.
10. Personal Financial Advisor
Average Salary: $71,010
Qualification: Certification by the National Association of Personal Financial Advisors.
Job description: Personal financial advisors examine individuals’ financial requirements and assist them in making investments, understanding credit risks, and insurance decisions. In addition, advisors help customers create short- and long-term plans, such as budgeting for college fees and investing for retirement.
11. Forensic Accountant
Average Salary: $71,000
Qualification: Master’s degree in accounting or forensics.
Job description: Forensic accountants analyze financial concerns such as fraud, insider trading, and money laundering for various customers, from individuals to corporations. They are also frequently called upon to testify in court.
12. Social Media Researcher
Average Salary: $70,439
Qualification: A Bachelor’s degree in communication, business, journalism, and marketing
Job description: The social media researcher runs the social media campaign and communicates with clients and customers. In addition, a social media researcher supervises social media marketing assistants and works with public relations, marketing, and legal teams.
13. Operations Manager
Average Salary: $68,500 per year
Qualification: A Bachelor’s or Master’s degree in business administration or operations management.
Job description: The operations manager’s tasks will include managing the team’s activities, managing people, increasing productivity, and reducing and controlling expenses. They also supervise recruiting, training, and process change implementation. An operations manager’s responsibilities are closely related to a profession in business management.
14. Sales Manager
Average Salary: $68,114 per year
Qualification: A Bachelor’s degree in statistics, business administration, or business management.
Job description: A sales manager must create and meet sales targets, supervise the sales staff, hire and train new employees, and engage with clients. In addition, a sales manager must connect clearly with customers and, to be successful, should instill active listening skills and answer inquiries.
15. Industrial Production Manager
Average Salary: $66,062 per year
Qualification: A Bachelor’s degree in business management.
Job description: Managers of industrial production are in charge of the day-to-day operations of manufacturing and allied plants. They organize, coordinate, and direct the operations utilized to manufacture various items, such as automobiles, computer equipment, and paper products.
A business degree can improve your work chances, provide growth opportunities, and enhance your compensation and lifetime earnings. It’s a wise investment in your profession and worth your time and effort.
Data scientists, accounting, social media, and marketing managers are some of the highest paying job roles in the field of business administration.
Completing a Bachelor’s or Master’s degree in a business major is one of the best ways to get a business job. You will have a relevant theoretical understanding of business processes and utilize these concepts in the practical field.
Business is a versatile field with many different specialties and concentrations. The 15 highest paying business jobs represent some of the most popular and in-demand positions across various businesses. From marketing to finance, there are plenty of opportunities for those with the right skill set to make six figures or more.
Management positions are highly valued and pay well, and business management students have opportunities from various sectors due to the increasing demand for management-related employment.
Enrolling in the appropriate certifications and skill training will allow you to advance in your profession and move into high-growth possibilities and help you bag one of the highest paying business jobs!
Do you have what it takes to land one of these high-paying business jobs?