15 Highest-Paying Business Majors
By Jamie Birt
Updated May 27, 2022 | Published February 4, 2020
Updated May 27, 2022
Published February 4, 2020
Jamie Birt is a career coach with 5+ years of experience helping job seekers navigate the job search through one-to-one coaching, webinars and events. She’s motivated by the mission to help people find fulfillment and belonging in their careers.
A degree in business is a significant investment. To maximize that investment, it can help if you determine in advance which areas within the business field pay the highest salaries. In this article, we'll take a look at some of the highest-paying business majors you can pursue.
Why should you get a business degree?
A business major has a unique opportunity to learn a variety of business principles before entering the professional sector. With a background in business, you will be prepared to work in a range of settings in government, business, non-profit organizations and more. Whether you want to pursue a career in manufacturing or tech, agriculture or fashion, majoring in one of the areas of business will provide you the knowledge and skills to work in a setting that suits you best. This makes business majors flexible, strategic and employable job seekers.
Another benefit of choosing a business major is the earnings potential. According to the U.S. Bureau of Labor Statistics (BLS), salaries for many occupations related to business were higher than those for all workers. However, workers in some of the higher-paying professions may also spend more than the average number of hours on the job.
15 highest-paying business majors
Business majors may well be the most marketable degree in the entry-level job market. They enjoy a wide range of entry-level opportunities to choose from, making the business degree one of the most practical available. Here are some of the highest-paying business majors today:
A business degree in marketing allows you to develop analytical skills in product merchandising, consumer behavior and effective campaign organization. It also allows you to learn how to gather and interpret consumer information in order to make strategic decisions with current or new products.
While pursuing a marketing major, you may take courses involving detailed analysis of sales and marketing from practical and theoretical perspectives, often including the development of mock marketing plans. Other courses you may need to complete include market research strategy, promotion design and management, and global marketing. Marketing graduates often advance to positions as sales and marketing managers with an average salary of $54,891 per year.
Related: 20 Marketing Jobs That Pay Well
2. International business
International business is a broad topic that encompasses international politics, practical business skills and world cultures. Your studies as an international business major will cover topics such as geography, foreign language, global marketing, multinational organizations, political economy, treaties and international trade agreements. You will also take classes in functional business skills, such as accounting, economics, finance, marketing and management.
With an international business degree, you could work in your country or abroad for international organizations and multinational corporations. Note that most international business majors start their careers in domestic organizations or companies to gain experience in basic business skills. Graduates often advance to positions such as foreign exchange traders, which have a national average salary of $84,190 per year.
A degree in accounting is one of the most versatile business degrees today. Accountants can be found working for individuals, businesses and even government agencies. An accounting degree allows you to learn how to audit information, analyze financial information, scrutinize budgets and maintain records. You will also receive technical training in databases and spreadsheets. Accounting degree graduates usually gain employment as public accounts, tax examiners, forensic accountants, internal auditors and government accountants. The average salary of accountants is $53,489 per year.
Related: 22 Accounting Jobs That Pay Well
A bachelor's degree program in logistics management prepares you for a career planning the transport and distribution of products for sale. The program includes courses such as logistics management, statistics, micro and macroeconomics, accounting principles, transportation management, design and analysis logistics systems and logistics management. Bachelor's degree holders often advance to positions as managers, field directors and logistics planners. Logistic managers earn an average salary of $63,578 per year.
With a business degree in finance, you can explore a range of careers such as financial analysts or advisors, financial agents, insurance agents and stockbrokers. This degree allows you to expand your knowledge about financial management and educate others on how to handle and manage personal and business financial matters.
Some of the courses you will encounter during your finance degree program include portfolio management, analysis of financial accounting, concepts in strategic management, analysis of fixed income and derivative securities, and foundations of corporate finance. Salaries in the financial industry vary depending on career choice. Financial analysts or advisors earn an average salary of $74,147 per year.
6. Investments and securities
Topics such as investment planning, hedge funds, financial reporting and policy are all covered in Bachelor's Degrees in Investments and Securities. If you want to pursue a fast-paced career and are interested in the financial market, take a four-year degree in investments and securities. Most students who obtain this type of degree work as financial service sales agents, investment consultants and strategy investment managers. Some choose to obtain a designation such as the Certified Financial Planner (CFP) and Certified Financial Analyst (CFA) to advance their careers. The average salary for investment consultants is $74,547 per year.
7. Human resource management
A business degree in human resources (HR) management teaches you strategies for establishing a strong relationship between employees and management as well as maintaining a pleasant working environment. It also allows you to develop critical-thinking skills and learn how to conduct analytic research. You will also learn the communication and organization skills required for a generalist HR position, as well as a range of business skills.
Some of the courses you will encounter in an HR management degree include benefits and compensation, business ethics, interviewing tips, communication strategies, management principles and leadership skills. Graduates with a business degree in HR usually advance as human resource managers with average salaries of $70,204 per year.
E-commerce combines economic principles with software applications to help you leverage the power of the Internet to create business opportunities. You may find yourself working in an e-commerce company or as an entrepreneur for your own e-marketing business. The core topics commonly studied in e-commerce degree include marketing, operations management, computer architecture, project management, computer algorithms and systems development. Graduates who have a business degree in e-commerce often advance as web developers, advertising and promotions manager, online store owner and e-commerce consultant. Web developers earn on average $67,903 per year.
9. Industrial production
Industrial production is an industry that focuses on manufacturing products. Industrial production employees create and maintain efficient operations, and/or ensure a safe working environment that meets strict regulations. If you enroll in this degree, you will likely take courses such as supply management and procurement, manufacturing control and planning and logistics management. Once you complete the program, you may work as an industrial production manager, transport manager, or storage and distribution manager. The average salary of an industrial production manager is $68,082 per year.
An entrepreneurship program allows you to develop the planning skills necessary to bring a business idea into reality. It teaches you how to start and run your own business, manage a business effectively or buy an existing business. You will also learn how to reduce the risk that is inherent in most business ventures. Some specific subjects that an entrepreneurship program cover include public speaking, new venture creation, statistics, macroeconomics and international entrepreneurship. Entrepreneurship majors often advance to establish careers as sales managers with median salaries of $64,611 per year, though earnings vary by company and level of responsibility.
Related: 10 Jobs for an Entrepreneur
11. Construction management
A degree in construction management focuses on the business knowledge and management skills necessary for the ever-evolving construction industry. If you take a Bachelor's Degree in Construction Management, you may become well-versed in construction contracts, estimating and ethics. A few examples of courses you can expect to take include construction documents, Occupational Safety and Health Administration (OSHA) standards and construction estimating. Once you complete the program, you can pursue a management career in the construction industry and work as a property manager, project manager or construction manager. Construction managers earn an average salary of $76,230 per year.
12. Organizational leadership
Organizational leadership helps influence companies or organizations and manage change in fast-changing work environments. By earning an organizational leadership degree, you can obtain a thorough understanding of the leadership practices that help organizations become successful.
A degree in organizational leadership consists of courses such as evidence-based decision making, group dynamics and facilitation, and organizational change. Once you complete an organizational leadership degree, you can work in management analysis, project management, corporate communications, strategic planning, human resource management, business consulting, and employee training and development. The median wage for management analysts is $81,898 per year.
13. Project management
A degree in project management is worthwhile if you like to manage workflows, people, costs and supplies. In this program, you will likely learn how to plan and complete small and large projects, and take courses such as project leadership and teamwork and project risk management. With a Bachelor's Degree in Project Management, you may work as a program manager, project manager or business analyst in manufacturing, healthcare, education, online services or virtually any other industry. The average salary of project managers is $76,770 per year.
14. Health care management
A business degree in health care management is designed for those who want to manage the business functions of a hospital, healthcare organization, physician group practice or public health agency. This degree teaches you about health care administrative practices, medical care procedures and government regulations.
The core courses of health management degree usually cover topics in health care and business, including ethics in health care, medical terminology, financial analysis, organizational management, community health, research methods and biostatistics. Graduates who have a business degree in health care management usually establish careers as health care managers or administrators, hospital administrators and health care consultants. The average salary for all medical and health services managers is $61,260 per year.
A business degree in economics helps you develop your skills in researching and evaluating data related to anything of production or monetary value such as labor output, machinery, raw materials, land, natural resources and finished goods. It prepares you for a variety of careers not only in business but also in other industries such as law, government and healthcare. This gives you flexibility when it comes to changing careers. Graduates with a degree in economics usually advance as economists, investment bankers, credit analysts and market analysts. The average salary for economists is $97,350 per year.
Related: 18 Top Economics Degree Jobs
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