Highest paying job with a business degree you may ask? If you're a graduate of one, this article is for you!
They say that education is one of the few investments that doesn’t wither.
Additionally, they said that we must study hard to live a better life. These statements are proven to be accurate. However, not all people go the traditional route.
On the other hand, let's still not forget the essence of good quality education. Like a piece of land, it only matures over time and becomes more valuable, ultimately helping us in life.
Depending on your skills, passion, and financial capability, these factors are usually the basis in choosing your degree.
Some might even consider a degree where you can get the most benefits. Of course, the highest salary as money is as vital as breathing.
It is also said that business is where you can make the most money. This is true for legit hardworking people who have the highest motivations to pursue their passion while earning profit as a bonus.
That’s why most people who lost their regular jobs have considered entrepreneurship. Why? It is because it's one of the best alternatives to the world’s collapsing economies.
Together with the digital age, entrepreneurship is a thriving industry, making it an in-demand profession to dive into today.
Highest Paying Job with Business Degree= Entreperneurship
But entrepreneurship is not an easy feat. It's a profession that requires advanced skills in different areas of learning.
For example, business niches include sales and marketing, communication, leadership, finance management, accounting, warehousing and logistics, banking, and human resources.
It opens up employment opportunities for anyone who might have the appropriate skills, technical knowledge, and experience.
One cannot simply do all the tasks at once with the highest proficiency. The need for a workforce highlights the importance of attaining a degree.
Moreover, it must align with your expertise to be a valuable asset to an organization.
Earning a business degree requires knowing the significant functions all at once. Then, eventually focus on a specific area of specialization in line with your acquired technical skills, knowledge, and experiences.
That’s why it is no secret that some of the highest paying jobs with a business degree are very lucrative. Among experienced workers in this field and even fresh graduates who also have the same drive for learning.
Let’s look at some of these jobs. Further, see the areas of expertise most business graduates should dive into to make the most salary.
Related: Pandemic Proof Business- 13 Ideas You Can Start Today.
What are the highest-paying business fields today?
The most notable fact about today’s economy centers on three (3) things: pandemic, technology, and stability.
These are among the usual talks of the town worldwide, and in general, it somehow touches every business aspect.
So, if you are looking for the highest paying jobs with a business degree, rejoice! You have a job opportunity to land on!
Depending on your niche, the sky’s the limit to getting the highest-paying jobs with a business degree.
Here are some of the most in-demand expertise in business today:
Related: 35+ Best Business Ideas For Women (earn over $3-$5k/month!).
Highest Paying Job With A Business Degree: Sales and Marketing
Any business should put in the effort to reach out to its market to boost sales and attain organizational goals.
If you’re born talkative or have the natural talent for creative communication in writing, this is suited for you.
Sales and Marketing are not mutually exclusive. They both need to exist as both are the bloodline of any organization.
Without it, well, what's the point of business?
Having a degree specializing in this area should help you develop well-developed marketing and sales strategies. It will be useful for establishing the brand among its consumers.
Furthermore, a degree in this area could hone your content or digital marketing knowledge, customer retention, and consumer behavior.
Aside from that, you could instigate your creative juices and communication skills in research and analytics, SEO, and e-commerce.
During this pandemic, there’s no denying that there is an emergence of entrepreneurs, especially those who lost their day jobs.
Finance and Accounting
Finance and accounting are other industries that play a massive part in the economy.
This area of expertise is more than just doing the maths but is more on analytical thinking.
It is one of the most in-demand, highest-paying jobs with a business degree. Hence, it helps you understand the proper management of finances.
The finance and accounting people are the most trusted to ensure the organization stays afloat and avoids bankruptcy. Most people in this area are knowledgeable in banking, business law, accounting, and economics.
They ensure proper budgeting and smooth financial planning to attain organizational goals.
As we recover and go back to the old normal, many businesses need help in tracking their financial statements. This, in turn, uplifts the economy.
Therefore, accounting and finance are the backbones of this initiative. They mainly focus on ensuring profitability and that the organization’s finances will not suffer.
As a result, you can land a job in private institutions, governments, and large enterprises.
Human Resource Management
Every growing business needs reliable staffing as you cannot do all the work.
You need to have the best set of people to evaluate those who might have the same passion as you. Most businesses invest in their human resource management team.
Needing to scrutinize the people you'll work with is crucial for any company. As the HR, you are hired not just for the mere process of recruiting, hiring, training, and managing employees.
But also to ensure that there is definite workforce satisfaction and career opportunities.
HR management also focuses on checking an employee’s rights to fair compensation and benefits, incentives, and rewards. In addition, they also check other opportunities for the employee’s benefits.
Moreover, it ensures that the immense pool of possible candidates globally is fully maximized to their potential.
Healthcare Management
Healthcare management is greatly challenged during this pandemic. Yet, our difficulties in managing this sector showed remarkably within the two years (and still going) fighting off the crisis.
It led to further improvements for most institutions in managing public health organizations, health system planning, and operations management.
On the other hand, it benefits the business degree holders as these are what they're made for.
Having been inclined with the healthcare sector only provides better career opportunities and immense learning from firsthand experiences.
More than the need for the practitioners, nurses, and staff is the need for proper management to handle such situations.
It is among the industries that are relatively fast-growing than average occupational rates.
Information Systems Management
A lucrative career in today’s digital age is in Information Systems Management. The area of expertise is technology, which some young business graduates might have a great, full advantage.
Employers are not just looking at someone's credentials when hiring an employee.
Having been equipped with experience that makes the tiniest difference could sometimes be all that matters.
Moreover, youngsters today continue to engage on various social media platforms and online digital tools. So it's no longer a surprise if this particular learning area would be their expertise.
Organizations need qualified business majors for managing information and high competency among the pool of global candidates. So it’s only just right to equate this vigor through compensation or increased salary.
IT or ICT's main tasks would focus on managing network security, analytics, project management, online systems, and operations. There are also digital tools, business track processes, and customer databases.
The variety of this field mainly works on the technological advancements that we have today.
Which business degree has the most job opportunities?
Before considering the highest paying jobs with a business degree, you have to think first of the business degree itself.
When choosing the most appropriate business degree, you must consider the kind of job you’d end up with. So first, do your research on the possible job opportunities.
As a result, it will immensely help lessen the stress of choosing a career path after graduating.
With this, on this list are some of the most relevant jobs today in the business world:
Financial Advisor
Field(s): Finance & Accounting, Sales & Marketing
Salary Range: $70,000 – $90,000 yearly
Financial advisors help their clients determine the best course of action for getting insurance. They are also there for clients to assist them in meeting their long-term financial goals. Ultimately, financial advisors have investments and financial management expertise.
It involves the need to have skills in communication and selling. Basically, you are selling a product which is the insurance policy.
Management Analysts
Field(s): Human Resource Management, Healthcare Management, Information Systems Management
Salary Range: $80,000 – $100,000 yearly
This is another job that does not explicitly apply to a particular field only. Essentially, this expertise would mainly focus on restructuring organizations.
So they can maximize efficiency, profits, and investment opportunities based on empirical data.
From hiring effectively to the management of medical institutions, a Management Analyst is crucial to keep the operations in check.
Portfolio Manager
Field(s): Finance & Accounting
Salary Range: $80,000 – $100,000 yearly
A Portfolio Manager is generally in-charge of assessing the stocks, bonds, and other types of investments. It is based on empirical data to help businesses and individuals make the best investment decisions.
They do all the analysis needed to benefit the most from your investment plan.
Highest Paying Job With A Business Degree- Digital Marketing Manager
Field(s): Sales & Marketing, Information Systems Management, Healthcare Management
Salary Range: $70,000 – $90,000 yearly
Taking the lead for a company’s marketing effort is among the most crucial tasks of a Marketing Manager.
Of course, it involves a lot more than just having a creative mind. You would need to base the initiatives on empirical data about competition, supply vs. demand, and market reach.
Moreover, even hospitals need a digital marketer. After all, a hospital is still a business and needs promotional campaigns.
It’s a very tedious job per se but could also be rewarding.
Human Resource Recruiter
Field(s): Sales & Marketing, Human Resource Management, Healthcare Management, Information Systems Management
Salary Range: $50,000 – $70,000 yearly
This is quite a broad job in general. Plus it would need expertise in various fields depending on what type of organization you are recruiting for.
As the name suggests, a Human Resource Recruiter outsources and filters potential candidates for an organization.
This is a very in-demand job today since there are several unemployed people due to the pandemic.
Correct Information is crucial. So it has to be verified and might need some extensive knowledge and skills in Information Systems Management.
Most businesses would pay a lot to be able to find the right personnel for them.
What is the highest salary a business degree holder can get?
Graduates of business make a huge range of salaries. Based on the summary of the highest paying jobs with a business degree listed above, the average pay could range from $50,000 to $100,000 yearly.
Of course, these numbers are very subjective.
The listed jobs here are more on low-level managers with a degree in business or even for fresh graduates.
There are a lot of critical factors that could affect your salaries. For example, your experiences, basic knowledge and skills, industry, location, and degree level.
All of which are weighed carefully by every employer. In some cases, you can even demand your expected salary. It is provided that you possess the qualities the organization is looking for.
Read more:
- 21 Best And Most Successful Businesses To Start With Little Money.
- 18 Unique Ways To Create Passive Income and Boost your Cash Flow.
Highest Paying Job with Business Degree- Final thoughts
Employees are part of an organization's investment. Without a reliable team, one cannot simply achieve organizational goals.
Hence, the need for a competitive salary to ensure efficiency and commitment among the workforce.
As we recover from the still ongoing pandemic, the high demand for the workforce is a need.
With numerous countries worldwide possessing credible candidates for remote positions, competition is high. Therefore, it should also be corresponded to a competitive salary.
Whether your area of expertise is in Sales and Marketing, Finance and Accounting, HR, Healthcare Management, or IT, the economy today can guarantee you that there is an employment opportunity for you.
But do not forget that there is no specific job in the world that can guarantee you a high salary. Unless you work for it or if you expand your skills.
One of the most notable facts that high-wage earners have in common.
Among the highest paying jobs with a business degree, which career path would you be most interested in pursuing?
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