Since business is a wide-ranging field, there are many job opportunities available. You can earn a position in business that matches your interests and current qualifications with the opportunity for career advancement. Learning about some of the jobs available in business can help you determine the best career path for you. In this article, we will explore some of the highest-paying jobs in the business industry.
What are jobs in business?
Business can be a rewarding field to work in. An organization is like a living organism, with each part performing its duty to ensure the health of the entire enterprise. Working in the field of business allows you to experience how an organization adapts and changes directly. What’s more, you can be a part of that change or even encourage it within your own department. Business jobs offer a lot of room for growth and development, both through collaboration with others in the field and partnerships with other organizations.
Business jobs tend to have a reputation for offering employees good returns on their time investments. Here are some of the most lucrative business jobs that are available:
High-paying business jobs
Here are some of the highest-paying jobs in the business field:
National average salary: $61,136 per year
Primary duties: Marketing managers are responsible for business promotion. They utilize analytics to inform their decisions toward planning the marketing of a business. Usually, the data that marketing managers rely upon comes from both customers’ purchases at their own business as well as competitor information. They are responsible for assessing the weaknesses in the business and formulating ways of increasing the value of the company, increasing profits and share price as a result.
Requirements: A Bachelor’s Degree in Public Relations or Marketing is the base requirement. Additionally, experience in the field allows for the creative solution of problems that the manager may have faced before.
National average salary: $66,083 per year
Primary duties: Personal financial advisors are concerned with managing the long-term returns of their clients. They manage investments from clients, putting them into funds and stocks or bonds that they see as most lucrative. Their goal is to maximize the profits of their clients while minimizing the risk that they expose them to. They should be versed in state and federal taxation systems to ensure that they can offer sound advice to their clients.
Requirements: A bachelor’s degree in any of the fields of law, mathematics, accounting, finance, economics or business financing allows an individual to seek employment in this field. Financial advisors also need certifications and licensure to practice.
National average salary: $68,025 per year
Primary duties: Business operations managers focus on finding solutions for common company challenges. By determining where a department can improve its efficiency or effectiveness, they can advise the department on how to solve its problems. They can be useful in every department, from human resources to marketing. Utilizing their knowledge of business practices and how to best incorporate information from other areas of the company, a business operations manager tries to increase efficiency within an enterprise.
Requirements: A Master of Business Administration (MBA) is a standard requirement for a business operations manager.
National average salary: $68,275 per year
Primary duties: Financial analysts help businesses make decisions regarding investments. They advise them on what stocks to buy, hold or sell depending on how the economy is performing. They are experts in business trend analysis as well as the overall outlook of their company’s future. Financial analysts gather and review data and statistics based on past decisions and future trends, then generate reports to present to companies’ decision-makers.
Requirements: A bachelor’s degree in a finance-related field is usually required. Many analysts opt to complete a master’s degree as well to increase their employability.
National average salary: $74,914 per year
Primary duties: Sales managers are responsible for developing and leading a team of representatives to meet goals. They hire and train new sales associates and ensure each of the teams under their supervision meets predetermined sales goals. Additionally, a sales manager crafts sales reports to share with upper management.
Requirements: There are no minimum requirements for sales manager positions, though most candidates have a Bachelor’s Degree in Business Administration, Marketing or a related field. A proven sales record and experience can also be useful.
National average salary: $95,030 per year
Primary duties: HR directors are responsible for a company’s hiring practices and the onboarding of new employees. The HR director serves as the point of contact between upper management and employees. HR directors ensure that the company follows all current employment laws.
They also manage the payroll and the distribution of employee benefits. Developing talent acquisition processes is also a common duty for HR directors. Most HR directors are involved in high-level decisions in the department.
Requirements: HR directors typically need a minimum of a bachelor’s degree and several years of experience working in human resources.
National average salary: $103,315 per year
Primary duties: Financial reporting managers oversee the general finances of a company or an agency. They collaborate with teams to produce periodic reports and profit projections. They are also responsible for offering shareholders insight into the current state and prospects of the company. Not only are financial managers responsible for developing these reports, but they must also be able to present them clearly to the rest of the organization.
Requirements: Financial reporting managers usually have an MBA and experience in finance or a managerial role.
National average salary: $109,014 per year
Primary duties: Actuaries evaluate the risk associated with making a financial decision. They use probabilities to reduce the risk of financial loss for their clients. Actuaries are usually hired within the field of insurance to handle the probabilities associated with coverage. In other areas, actuaries have found employment within large companies and even within governments to mitigate risks in their long-term investments while maximizing the returns on their capital.
Requirements: Actuaries need a minimum of a bachelor’s degree. They also need to earn an actuarial credential from the Society of Actuaries.
National average salary: $111,653 per year
Primary duties: CEOs are responsible for the financing, marketing and planning of a business’s operations. They are also responsible for hiring and task delegation of other heads of departments. In many cases, the CEO is also required to ensure that the business conforms to safety guidelines. Occasionally a CEO may perform public relations duties. Usually, they are supervised by a board of directors that are elected by the shareholders of a company.
Requirements: CEOs usually hold an MBA and extensive experience in their chosen field.