How Much Can I Earn by Studying Business and Management?

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A career in business and management provides a pathway to high-paying jobs across a variety of sectors. According to the Bureau of Labor Statistics (BLS), management occupations enjoy a median salary of more than $105,000 a year in the United States. With many specializations to choose from, finding a niche in the management industry can lead to ample professional and financial rewards.

Managers oversee companies’ daily operations and take care of administrative tasks such as budgeting, hiring, firing, scheduling, and training. Other business and management careers include researchers and analysts who provide information to guide the decision-making process.

Business and Management Jobs at a Glance

Pay levels vary by industry and position, but computer and information systems managers are paid the most with a median annual salary of $146,360, followed by sales managers making $126,640. When it comes to the fastest-growing jobs in management, the BLS projects 32% employment growth for medical and health services managers between 2019 and 2029, followed by market research analysts (18%) and management analysts (11%).

Business and Management Careers

Those embarking on a career in business and management need to know about several top career choices in the field, including what each job entails and what type of degree or experience each position requires.

  • Top Executive

    Top executives are key leadership positions responsible for planning and strategizing ways for an organization to accomplish its goals. Virtually every industry needs them, at both large and small organizations alike. A bachelor’s degree provides the typical entry-level education required to get started in this career. The BLS projects 4% employment growth for top executives between 2019 and 2029 and cites a median annual salary of $104,690 for the role.

  • Sales Manager

    Sales managers direct an organization’s sales team. They typically start their careers with a bachelor’s degree and have previous work experience as sales representatives. Sales managers earn a median salary of $126,640 a year. This high stakes and competitive field often requires a lot of travel and can demand extra work outside of conventional hours.

  • Computer and Information Systems Manager

    Computer and information systems managers are among the highest-paid management team members, bringing in a median salary of $146,360 a year. The BLS projects 10% employment growth in the field between 2019 and 2029. This profession requires specialized technical knowledge, as these managers plan and coordinate the computer-related activities of a company. Becoming a computer and information systems manager usually requires a bachelor’s degree in computer or information science and a few years of work experience in the field. Many managers hold graduate degrees as well.

  • Management Analyst

    Management analysts look for ways to make an organization more efficient by using management best practices and research. They study performance data and make recommendations that improve businesses and help control costs. Management analysts earn a median annual salary of $85,260. The BLS projects 11% employment growth for this position between 2019 to 2029.

  • Market Research Analyst

    Market research analyst is a fast-growing role in the business field, providing entry-level experience in the industry. Most industries utilize market researchers. They gather data to project the potential sales of a particular product or service. A career in this field requires strong mathematical and analytical skills. A bachelor’s degree is needed to break into the field, with some positions requiring a master’s degree. The BLS projects 18% employment growth for market research analysts between 2019 and 2029 and lists an annual median salary of $63,790.

  • Medical and Health Services Manager

    One of the fastest-growing management positions is medical and health services manager, with the BLS projecting 32% employment growth between 2019 and 2029. Health services managers direct and plan the business strategies of healthcare organizations. Such organizations include hospitals, doctor’s offices, nursing homes, and other healthcare providers. Entry into this field typically requires a bachelor’s degree and pays a median annual salary of $100,980.

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