The Truth About Salaries: How Much Do Business Marketing Majors Really Make?
If you’re considering studying business and marketing, one of the most important considerations is the potential salary you could earn upon graduation. The truth is, however, that salaries for graduates with a business and marketing degree can vary widely based on factors like industry, job title, and location.
In this article, we’ll take a closer look at the truth about salaries for business marketing majors and what you can expect as you enter the job market.
The Average Salaries for Business Marketing Majors
According to data from PayScale, the average salary for a marketing manager with a bachelor’s degree in business and marketing is around $66,000 per year. This can increase significantly with experience, with marketing managers who have more than 20 years of experience earning an average of $123,000 per year.
However, it’s important to note that salaries can vary based on industry. For example, marketing managers in the technology industry earn an average of $109,000 per year, while those in the non-profit sector earn an average of $60,000 per year.
The Importance of Location in Salary
Another important factor to consider when looking at salaries for business marketing majors is location. According to data from the Bureau of Labor Statistics (BLS), the highest-paying states for advertising and promotions managers are New York, Delaware, and New Jersey, with average annual salaries ranging from $127,970 to $149,420.
Conversely, the lowest-paying states include Arkansas, Montana, and North Dakota, with average annual salaries ranging from $56,230 to $69,370.
Your Job Title Matters
The job title you hold within the business and marketing industry can also impact your salary. For example, an entry-level marketing associate may earn an average of $43,000 per year, while a director of marketing could earn an average of $131,000 per year.
It’s important to note that higher job titles usually require more experience and increased responsibilities, which can impact salary as well.
In Conclusion
While salaries for business marketing majors can vary widely, it’s clear that education and experience play a significant role in determining potential earnings. By researching salaries in your desired industry and location, and working to gain experience and higher job titles, you can position yourself for a successful career in business and marketing.
Ultimately, the most successful business marketing professionals are those who have a passion for the industry, a willingness to continue learning and growing their skill set, and a commitment to hard work and dedication.
