In 2020, college students took out an average of $30,062 worth of student loans. Coupled with high-interest rates, these loans turn into payments that can take decades to pay off.
As the value of a bachelor’s degree continues to depreciate, experts are beginning to put more emphasis on majoring in the right degrees. Business is one field that will always be a good choice to study. But what are some of the different types of business careers?
Keep reading to learn about four of the best paying jobs with a business degree you can get after graduation.
If you’ve ever dreamed of being your own boss, you might have a future as an entrepreneur.
Entrepreneurs are in complete control of the businesses they run. They handle decision making, managerial operations, and financial planning of a business. This sort of business model offers the most risk but can also lead to the highest rewards.
Given the vast variety of different businesses owned by entrepreneurs, their salaries can range from $10,000 to well over $1 million each year.
2. Chief Executive Officer
Chief executive officers, or CEOs, are the leaders of corporations, companies, and different organizations. They report to a group of directors, work with small business consultants, and manage the operations of entire businesses.
Most CEOs have a Master’s of Business Administration in addition to a bachelor’s degree. This provides them with a specialized set of skills they often need to use to oversee an organization.
CEOs often make anywhere from $63,000 to $140,000.
3. Human Resource Manager
Human resource managers work to make their offices as positive and employee-friendly of a place as possible. They spend their days trying to motivate, attract, improve, and instruct their company’s employees.
Aside from working with the workforce of a business, HR managers also deal with topics such as employee benefits, attendance issues, and incentive programs.
HR managers who have an MBA can expect to make between $73,000 and $126,000.
4. Sales Manager
If you’re interested in getting into sales, you may aspire to one day be a sales manager. These professionals oversee groups of sales representatives. They also monitor company performance and make sure that the business meets client needs.
An associate degree can be enough to dip your feet into the world of sales, but more competitive opportunities open up the higher your degree.
Skilled sales managers can make between $54,000 and $125,000, although a lot of this depends on how successful the sales team is each quarter.
Invest in the Best Paying Jobs With a Business Degree
When thinking about your education, you want to make sure that you get your money’s worth. By majoring in business, you’ll be able to enjoy some of the best paying jobs with a business degree, ensuring that it’s a worthwhile investment no matter how old you are.
Do you now have a better idea of what some of the highest paying business careers are? If you do, remember to check out some of our other articles for more tips on business and finance.