The Bureau of Labor Statistics (BLS) reports salaries for business jobs. The information below includes the median salary for business graduates. Read on to learn more about the top 10 highest paying business careers.
10 – Human Resources – Master’s, MBA or Bachelor’s Degree in Human Resources.
Employees are human capital. As such, they are the most important asset for any company.
But working in human resources is not easy. In fact, it takes hard work and a degree.
Since HR specialists are in charge of many tasks, their role is very broad. Not only do they recruit staff, but they also oversee employee relations. They also manage retirement benefits and insurance.
Most companies require a master’s degree for human resource management positions. This includes an MBA. However, a bachelor’s degree in human resources is required for other positions.
In HR programs, you learn how to manage labor relations. You also interview and hire employees. Most importantly, you establish a healthy work environment as an HR manager.
You take courses such as.
- Business ethics
- Benefits of human resources
- Principles of management
You would also complete projects, a dissertation, and an internship. And once you have your degree, you’re ready to work in human resources.
But how much will you earn as an HR specialist?
The Bureau of Labor Statistics (BLS) reports that the median salary is $63,490. This is more than $20,000 more than the average for all other jobs. But the highest earners make more than $100,000 per year.
However, to earn those high salaries, look for jobs in high-paying fields like:
- Technical Services
In addition to high salaries, these sectors are seeing good job growth for human resource specialists. In fact, they are expected to grow by 7% over the next ten years.
9 – Marketing – Master’s, MBA or Bachelor’s degree in Marketing.
Marketing has always been an important part of business. It’s not just about buying and selling, but also about how to attract customers and keep them.
Without marketing, businesses don’t survive.
But to get a job in marketing, you need a college degree. Specifically, you need a degree in marketing.
Marketing programs teach you business and leadership skills. You also learn about consumer behavior. You also learn why people purchase goods and services. You also study buying habits and patterns.
Most importantly, you graduate prepared to work in the marketing field.
Since most employers want a marketing degree for entry-level jobs, management positions require bachelor’s degrees.
There are two types of marketing degrees.
- Master’s in marketing
MBA programs offer marketing courses or a concentration in marketing that lends itself well to your career.
Careers for marketing graduates include.
- Chief financial officer
- Management analyst
- Marketing manager
- Operations supervisor
- Director of sales
Marketing is a high-paying field. As such, it is one of the highest paid careers in the business world.
Marketing managers, for example, earn more than $140,000 per year.
You may not find high earnings right out of college, but with a master’s degree and experience, you can earn six figures.
In addition, employment in marketing is expected to grow. In fact, jobs are expected to grow by 18% over the next decade for marketing research analysts. Since the average is less than half that figure, marketing is a good field to get into.
What is driving job growth in this field?
First, the need to replace retiring workers. Second, the growth of social media and the online presence of companies. Third, the increasing need to create digital media campaigns.
As a result, more marketing experts will be hired.
8 – Industrial Relations – Master’s, MBA or Bachelor’s degree in industrial relations.
Healthy workplaces have strong working relationships between employees and management. But the development of these relationships depends on who is in charge.
Industrial relations programs prepare you to treat employees fairly and, at the same time, get management to see productivity increases. You’ll also learn how to achieve these goals by building relationships with management, unions and employees.
You will study how contracts are made. You will also investigate worker complaints.
Above all, you will learn how to make everyone happy through fair practices.
Industrial relations specialists work in:
- human resources
- They work for companies and organizations.
As one of the top corporate careers, industrial relations specialists earn $73,240 per year. However, top earners make more than $128,000 per year.
Two industries that pay well for this work are:
- business management
Some managers in this field earn an average salary of more than $90,000. But in government, salaries are slightly lower. In fact, government job managers earn about $75,000 per year.
If you’re looking for the best business degree to get, consider industrial relations.
7 – Accounting – Master’s, MBA or Bachelor’s Degree in Accounting.
Accounting is considered one of the highest paying business careers. Accountants, for example, earn about $74,000 per year. But the top 10% earn nearly $130,000 per year.
With these salaries, it’s no wonder students are majoring in this field.
But the career isn’t the easiest. In fact, you have to take a lot of math courses along with accounting courses.
Expect to take courses like:
- Cost accounting
- Financial accounting
In these classes, you’ll learn how businesses organize their finances. You’ll also learn how they follow new tax laws when they come out.
Although an accounting degree prepares you to work as an accountant, you can take more business classes to expand your skills.
For example, you can add courses in marketing and management. Some accounting programs also offer classes in human resources and health management.
Overall, you’ll graduate prepared to work in a variety of industries.
Graduates of top-paying business degrees work as:
- Business strategy analysts
- Finance directors
- Human resource managers
- Marketing managers
Job opportunities are not scarce. In fact, careers are set to grow steadily over the next decade. As a result, accounting is one of the highest paid business careers.
What is the reason for the growth of this career? Mostly because of the increasing flow of goods around the world. But other reasons include the need for companies to comply with new tax laws and the growth of the economy after a pandemic.
An image of a business office for our list of the 10 highest paying corporate careers
6 – Logistics – Master’s, MBA or Bachelor’s degree in logistics.
With a median annual salary of $76,270 and top earners exceeding $122,500 per year, this degree ranks among the highest paid in business. However, education does have an impact on salaries.
In fact, a bachelor’s degree is required to work in this field. While a bachelor’s degree is necessary to get an entry-level job, a master’s degree puts you in line for a management job.
But if you’re motivated to work hard and get a degree, you’ll find job growth and good earnings.
Look for jobs in well-paying fields. For example, federal government jobs offer high salaries. Manufacturing also offers good pay. In fact, the average income in these industries is about $83,000 per year.
To find out if logistics is a good fit for you, consider what you’ll learn as you earn your degree.
Are you interested in the inbound and outbound movement of goods and services, and do you like to make ends meet?
You’ll learn this and more in a logistics program.
Logistics courses include:
- Supply chain management
- Transportation systems
- Urban Transportation
In addition to courses, you implement projects. You also learn how to work in teams to fix complex supply chain issues.
Finally, now is a good time to get this degree. Employment growth is stable. It is expected to grow by 4% over the next 10 years. However, you need the highest degree in business or logistics (MBA or master’s) to be eligible for many jobs in this field.
5 – Management – Master’s, MBA or Bachelor’s Degree in Management
Managers work in all industries. They lead teams in businesses and manage companies. Some managers oversee financial operations, while others lead marketing groups.
But to work in management, you must have the most high-level business degree.
However, a master’s or MBA degree will prepare you for a leadership role. In some cases, a bachelor’s degree will help you land a job in management.
Management programs teach you how to manage small and large teams. They also teach you how to solve common problems that team leaders face.
In this program, you take classes such as:
- Business communication
- Business ethics
- Change management
- Principles of leadership
Once you earn your degree and get a job in this field, you’ll enjoy:
- High salaries
- job growth
In fact, the median annual salary for this career is $87,660. However, the highest earners (top 10%) make more than $155,000 per year.
The high earnings are what attracts students to this top business degree, and make it a popular career.
4 – Finance – Master’s, MBA, or undergraduate degree in finance.
Finance is a popular business career for two reasons.
- high salaries
- job growth
Finance workers earn a median salary of $87,850 per year. This means that right out of college, you can get a well-paying job in finance.
However, to earn the highest salaries, you need a college degree and experience.
The highest paying finance job is that of a director of financial analysis. The median salary for this career is over $134,000 per year. With these figures, it’s not surprising to see why so many students are majoring in finance.
But the path to a career in finance takes time and commitment.
First, you must declare a finance major. Second, you must take courses such as.
- Financial Information
- Global finance
- Real Estate Finance
In these classes you learn how to read financial reports and follow tax laws. You also learn how to work on a team and how to implement financial projects.
After earning a bachelor’s degree in finance, you can go to graduate school to earn a master’s degree in finance or an MBA. You can also study law. But if you want to work in the field, look for jobs in finance as a
- banking specialist
- financial analyst
- loan officer
- personal finance consultant
If you’re not sure whether to pursue a career in finance, test your knowledge of math and statistics. Take many math courses in high school to prepare you for a career in business. Also, consider your interests. If you like numbers and reading reports, a career in finance might be right for you.
Overall, job growth in this field is strong. A 15% growth, for example, is projected for finance managers over the next ten years.
3 – Statistics – Master’s, MBA or Bachelor’s degree in statistics.
Do you enjoy working with numbers? Do you enjoy analyzing graphs and charts?
Statisticians collect, examine, and interpret data. They also apply data to real-world problems.
If this sounds interesting to you, this degree may be a good choice.
Because this degree has a high math content, you will have to take a lot of math courses. But if you like math, you’ll enjoy learning it.
The most common courses for this degree cover topics such as.
- Data analysis
- Statistical Analysis
These courses teach you how to interpret and think. They also develop your critical thinking skills so you know how to tackle complex problems.
And once you have your degree, you can work in a variety of jobs.
Best of all, you can enjoy great salaries and incredible job growth in this field.
According to the BLS, statisticians earn a median salary of $92,270 per year.
In addition, job growth of 33% over the next decade is expected for this career. Why this growth? First, there is a need to replace workers who retire or move on to another job. Second, research jobs in this field continue to grow. As a result, job growth is expected.
Now is a good time to pursue a career in this field. Look for jobs in
- research and development
2 – Entrepreneurship – Master’s, MBA or Bachelor’s Degree in Entrepreneurship
New online businesses are emerging every day. Low startup costs and overhead make it possible for more people to have their own business.
As a result, everyone wants to be an entrepreneur. That’s why entrepreneurship is such a popular degree.
But not only is it popular, it’s also one of the best paid business degrees.
This program teaches you how to create and run your own business. Through courses and projects you learn how to make a business successful.
Take classes that cover topics such as
- Business plan development
- Private Business
Once you graduate, you can pursue an MBA or work in roles such as:
- Sales Manager
Most people with an MBA who work as entrepreneurs earn more than $102,000 per year. As a result, this is one of the best business careers.
1 – Economics – Master’s, MBA or business degree.
All business graduates study economics. It is one of the most important subjects in business.
But if you want to major in it, will you find a job?
In short, economics students find jobs after graduation. In fact, now is a good time to look for a job in this field.
Job growth is expected to be 13% over the next decade for economics graduates. Many of the job openings will be the result of the need to replace retiring workers.
In addition to strong job growth, there is also the opportunity to enjoy higher incomes. In fact, the median salary for economists is $108,350. However, the top 10% of earners make nearly $200,000 per year.
But your salary depends on your degree and your experience. With both, you are likely to get the best salaries.
Business students take courses like:
- Government and industry
- Labor economics
- Money and banking
- There are also classes that explore business topics.
With an economics degree, you can find work in many fields, from education to health care.
But to teach economics at a university, you need a PhD. But to teach at community colleges, you need a master’s degree.
Which business degrees pay the most? In conclusion, the business degrees mentioned above pay the highest salaries. They also offer strong job growth for recent graduates.
If you’re looking for the business degrees that pay the best, consider the ones on this list.