How Much Can You Make with a Business Management Bachelor’s Degree? A Salary Guide
Business management is a lucrative field that offers a wide range of job opportunities. If you’re considering a degree in business management, you’re probably wondering how much you can make with this degree. In this article, we’ll explore the earning potential of business management majors and provide you with a salary guide.
What is Business Management?
Business management is the practice of planning, organizing, and controlling resources to achieve organizational goals. Business managers oversee the operations of a company, such as finance, marketing, and human resources.
Salary Overview
The average salary for a business management major varies based on the job title and location. According to the Bureau of Labor Statistics, the median annual wage for management occupations was $105,660 as of May 2020.
Top-Paying Business Management Jobs
Here are some of the top-paying jobs for business management majors:
- Chief Executive Officer (CEO): Median annual wage of $185,950
- Marketing Manager: Median annual wage of $135,900
- Financial Manager: Median annual wage of $134,180
- Human Resources Manager: Median annual wage of $121,220
Entry-Level Salaries
The starting salary for business management majors depends on the job title and location. Here are some of the entry-level salaries for different job titles:
- Management Trainee: Median annual wage of $46,000
- Marketing Coordinator: Median annual wage of $44,110
- Financial Analyst: Median annual wage of $83,660
- Human Resources Coordinator: Median annual wage of $47,450
Factors That Affect Salary
Several factors can affect a business management major’s salary:
- Job Title: Different job titles have varying salary ranges based on the responsibilities and requirements.
- Location: Salaries can vary based on the cost of living and job market in different regions.
- Education and Experience: Advanced degrees and relevant work experience can increase earning potential.
Conclusion
Business management is a promising field that offers excellent earning potential. The salary for business management majors varies based on several factors, including job title, location, education, and experience. If you’re interested in pursuing a career in business management, research different job titles and salaries to find the best fit for you.
