We used the latest data and insights to identify the highest paying jobs for business administration majors so that you can learn and earn more.
You’re smart, driven, and want to make the world a better place.
But how can you do that?
Well, if you want to make a difference in the world and still get paid well for it, there are some jobs that might be right up your alley.
In this blog post, we’ll talk about the highest-paying jobs for business administration majors. We’ll also talk about what they entail and how much they pay.
We sourced data from the US Bureau of Labor Statistics, Payscale, and other top career sites.
Here are the highest-paying business administration jobs.
Table of Contents
#10. Operations Manager
How much do they get paid?
- Source: Payscale
- Low Range: $45,000 per year
- High Range: $107,000 per year
- Median Pay: $68,493 per year
What do they do?
Operations managers oversee the day-to-day operations of a company. They work with employees to ensure that the company runs smoothly. This can include supervising staff, managing budgets, and ensuring that all departments meet their goals.
What degrees and skills are usually required?
Many operations managers typically have an in-depth knowledge of the business they work in. They hold either a business degree or one in business or management.
Who’s hiring for this job?
Operations managers work in various industries, including manufacturing, retail, and healthcare.
What is the best way to get this job?
A good way to get this job is to start by working in operations. This can include an entry-level position at a company that specializes in operations.Â
After gaining several years of experience, you may be able to move up within the organization or move on to another company that needs someone with your skillset.
What is it to be an operations manager?
#9. Management Analysts
How much do they get paid?
- Source: Payscale
- Low Range: $49,000 per year
- High Range: $104,000 per year
- Median Pay: $69,019 per year
What do they do?
Management analysts work with companies to evaluate their operations and find ways to improve them. This can include:
- Examining processes and procedures.
- Suggesting changes.
- Implementing those changes.
Because they’re not directly involved in day-to-day operations, management analysts are able to look at things from a more objective standpoint than someone who is working in the trenches.
What degrees and skills are usually required?
An entry-level position in this field requires a bachelor’s degree in business administration with a focus on management. An advanced degree can be an asset for this profession as many employers look for candidates with graduate degrees in business or a related field.
A management analyst is expected to have excellent communication skills and the ability to work well with people from all levels of a company’s hierarchy.
Who’s hiring for this job?
Management analysts work for companies in a variety of industries. They may work for manufacturing companies, financial institutions, or any other company that needs help with planning and analysis.Â
Management analysts can also work in government agencies, nonprofit organizations, and large corporations.
What is the best way to get this job?
If you’re interested in becoming a management analyst, it’s important to get some experience first. You can earn a bachelor’s degree in business administration or another field, such as accounting or finance.
After earning your degree, consider getting an internship with a company that employs management analysts. This will allow you to get familiar with what they do.
What is it to be a management analyst?
#8. Human Resources Managers
How much do they get paid?
- Source: Payscale
- Low Range: $50,000 per year
- High Range: $97,000 per year
- Median Pay: $70,146 per year
What do they do?
If you’re interested in helping people get to the top of their games, a career as a human resources manager may be for you.
HR managers are responsible for developing and enforcing policies that promote and protect employee rights, benefits, and other welfare programs. They also communicate job openings to potential employees and ensure that companies have the right number of qualified workers.
What degrees and skills are usually required?
These managers have at least a bachelor’s degree in human resources or business administration. They specialize in one area, such as employee benefits or labor relations. However, some employers require their HR managers to have a master’s degree in human resources.
Who’s hiring for this job?
Human resources managers work for companies of all sizes, including small businesses and corporations. They may be full-time or contract workers hired for specific projects.
What is the way to get this job?
If this sounds like something you’d like to do for a living, there are several steps you’ll need to take before landing your dream job:
- Obtain at least a bachelor’s degree in business administration or human resource management from an accredited college or university
- Have at least five years of experience working in the human resources field.
With these qualifications, you can begin applying for jobs.
What is it to be a human resources manager?
#7. Personal Financial Advisors
How much do they get paid?
- Source: Salary.com
- Low Range: $50,649 per year
- High Range: $97,568 per year
- Median Pay: $70,814 per year
What do they do?
Personal financial advisors help customers manage their finances by helping them plan for retirement, college, and other major expenses. They also can help clients with investment planning.
What degrees and skills are usually required?
These professionals typically have at least a bachelor’s degree in finance or personal financial planning. Many also have an MBA, which gives them the knowledge and skills needed for the position.
Personal financial advisors work for banks, insurance companies, and credit unions. They may also work in a financial planning business or as independent financial consultants.
What is the best way to get this job?
The best way to get this job is by gaining experience. You can do so by working in a financial planning firm or with a financial advisor.
You can also work in an investment firm or bank as an entry-level employee, then move up to a position as a financial planning advisor.
What is it like to be a personal financial advisor?
#6. Training and Development Managers
How much do they get paid?
- Source: Payscale
- Low Range: $53,000 per year
- High Range: $116,000 per year
- Median Pay: $78,882 per year
What do they do?
Training and development managers are responsible for planning, implementing, and evaluating training programs. They work with employees to develop their skills. They also work with managers to help them improve their leadership skills.
What degrees and skills are usually required?
These professionals typically have a bachelor’s degree in a field such as human resources, business, or education. They may also have a master’s degree in this area. Training and development managers may specialize in management training, leadership development, or communications skills.
Who’s hiring for this job?
Training and development managers work for companies, government agencies, and nonprofit organizations. They may work full-time or part-time.
What is the best way to get this job?
Training and development managers generally get their jobs through networking, applying for job openings, or being promoted from within. They may also earn certifications related to their field.
Therefore, you should create a strong resume and cover letter, network with people in the business world, and learn more about training and development.
How do you become a training and development manager?
#5. Health Services Managers
How much do they get paid?
- Source: Glassdoor
- Low Range: $57,000 per year
- High Range: $153,000 per year
- Median Pay: $92,351 per year
What do they do?
Health services managers are responsible for managing the operations of a healthcare facility and supervising staff. They manage the facility and its resources, including:
- Hiring and firing staff.
- Setting budgets.
- Ensuring compliance with regulations.
- Training and developing employees.
- Monitoring patient care quality.
- Conducting audits.
- Ensuring proper documentation is done.
What degrees and skills are usually required?
According to the US Bureau of Labor Statistics, health services managers typically have at least a bachelor’s degree in a related field, such as healthcare administration or public health. They may also have experience working in the industry.
Who’s hiring for this job?
Health services managers work for healthcare providers, such as hospitals, clinics, and nursing homes. They may also work for health insurance companies or other healthcare service organizations.
What is the best way to get this job?
A good way to get this job is through education. You could earn a bachelor’s degree in healthcare administration or public health, which will provide you with the knowledge and skills needed for the position.
Next, you could work in the healthcare department of a healthcare facility or organization. This will provide you with experience and help you get your foot in the door.
What is it like to be a healthcare manager?
#4. Financial Managers
How much do they get paid?
- Source: Payscale
- Low Range: $54,000 per year
- High Range: $129,000 per year
- Median Pay: $96,516 per year
What do they do?
A financial manager is responsible for the financial health of an organization. They are charged with planning, controlling, and directing financial decisions and activities. Some of their additional duties may include managing human resources, information technology, or other business operations.
What degrees and skills are usually required?
These managers typically have a bachelor’s degree in business administration or another field, such as accounting or finance. They may also have a master’s degree in business administration (MBA).
Years of experience is another important aspect when hiring a financial manager. They should have at least five years of experience in the field.
Who’s hiring for this job?
Financial managers work for a wide range of organizations, including banks and credit unions, insurance companies, real estate firms, and government agencies.
What is the best way to get this job?
To become a financial manager, you can start by getting a bachelor’s degree in a finance-related field. Then, gain experience in the field by working as an accountant or an assistant finance manager at a company.Â
After several years of experience, you may be able to advance into higher-level positions such as director of finance or chief financial officer (CFO).
What is it like to be a financial manager?
#3. Marketing Managers
How much do they get paid?
- Source: Salary.com
- Low Range: $86,687 per year
- High Range: $145,214 per year
- Median Pay: $113,247 per year
What do they do?
Marketing managers are responsible for creating, implementing, and managing a company’s marketing plan. They work with other business leaders to create strategies that help their companies reach new customers and increase sales.
What degrees and skills are usually required?
Employers look for people with bachelor’s degrees in business marketing or other related fields, such as communications or advertising. You may also need management and leadership skills training from an accredited program.
Who’s hiring for this job?
Marketing managers work for companies that sell products and services. This may include manufacturers, wholesalers, and retailers. They often work in offices and may travel to visit with customers or attend trade shows.
What is the best way to get this job?
To become a marketing manager, you can start by earning a bachelor’s degree in business administration (BBA), marketing, or another related field from an accredited college or university. Then, you can get a job as a marketing assistant or intern at a company that sells products and services.
You may also be able to find work in retail stores, where you can learn about current marketing trends through hands-on experience. After gaining some experience and knowledge, you can apply for jobs as a marketing manager.
What is it to be a marketing manager?
#2. Sales Managers
How much do they get paid?
- Source: Glassdoor
- Low Range: $71,000 per year
- High Range: $204,000 per year
- Median Pay: $118,935 per year
What do they do?
This is one of the highest-paying business jobs.
Sales managers oversee all aspects of the sales process, including planning, staffing, and monitoring. They oversee the entire team of salespeople, ensuring they generate revenue and meet or exceed quotas.
What degrees and skills are usually required?
There are no specific degree requirements to become a sales manager, but most employers prefer candidates with an associate’s degree or some experience in a related field. Like other business degree jobs, most sales managers study marketing, sales, and business management in college.
In addition to a bachelor’s degree, some employers may require a master’s degree or even an MBA to advance into senior-level positions.
You can also get training and certification as a sales manager by taking classes and passing exams through professional organizations.
Who’s hiring for this job?
Sales managers work for a variety of companies in all industries. They are employed by manufacturers, wholesalers, retailers, and service providers such as banks and insurance companies. Sales managers also work for government agencies, nonprofit organizations, and small businesses.
What is the best way to get this job?
If you want to become a sales manager, you should have at least a bachelor’s degree in marketing or business administration. Once you have the degree, you should work in sales or customer service.
This will allow you to gain experience in both departments and give you a better understanding of how they interact. You can also take classes in management or human resources so that you have a better idea of how to manage employees.
You can then apply for a sales manager position or work your way up from the bottom and become a sales manager.
What is it to be a sales manager?
#1. Compensation and Benefits Managers
How much do they get paid?
- Source: Glassdoor
- Low Range: $79,000 per year
- High Range: $198,000 per year
- Median Pay: $123,979 per year
What do they do?
Compensation and benefits managers are responsible for managing the human resources department of a company. They are responsible for hiring, training, and developing employees.Â
These managers are also responsible for administering employee benefits programs. These human resources specialists also set and monitor employee compensation plans.
Compensation managers are often involved in labor negotiations and performance evaluations.
What degrees and skills are usually required?
This job typically requires a bachelor’s degree in human resources or business administration. Some employers may require a master’s degree for this position.
Who’s hiring for this job?
Compensation and benefits managers work for all organizations. They can work for government agencies, corporations, or nonprofit organizations.Â
These professionals may also work for professional associations or trade groups. Compensation managers usually work full-time in an office setting and may be required to travel occasionally for conferences or meetings with clients.
What is the best way to get this job?
The best way to get this job is by earning a bachelor’s or master’s degree in business administration. You can also get the needed experience by working in the HR department.
Once you get the required experience, you can apply for a compensation manager position.
What is it like to be a benefits specialist?
Conclusion
If you’re an aspiring business major, we hope this has been helpful. We know there is a lot to think about when it comes to choosing your career path.
We encourage you to keep learning about what these jobs entail and whether or not they’re the right fit for you. If you have any questions about any of these jobs for business majors, feel free to reach out. We’d love to help.
Good luck on your journey!
