With an average of about 911,400 job openings projected each year for business and financial occupations, as reported by the U.S. Bureau of Labor Statistics (BLS), it’s not surprising that many students will pursue business degrees.
Not to mention that these degrees, including a Business Administration and Business Administration Online degree, lead to high-paying jobs in business, with a median annual salary for this group being $76,850.
By earning a Business Administration degree, candidates develop the skills, knowledge, and connections needed to obtain and succeed in many high-paying jobs in business.
Let’s look at what students can expect from a Bachelor’s in Business Administration degree and the high-paying jobs available with a Business Administration degree.
What is a Business Administration Degree?
Business administration involves many roles, ensuring businesses and organizations run effectively, efficiently, and successfully. To do so, candidates must develop a variety of quantitative and qualitative skills, including an understanding of accounting, marketing, and human resources, as well as skills in communication and writing.
In order to develop and strengthen these skills, candidates typically enroll in Business Administration and Business Administration Online degree programs. These programs focus on the day-to-day operations of businesses to prepare candidates to guide and lead companies of all shapes and sizes in various industries.
In addition to the aforementioned skills, students learn from expert faculty and their peers how to collaborate creatively, communicate, think critically, problem-solve, and manage their time in classes, networking opportunities, and internships.
While every college, university, and Business Administration program will vary, students can expect to take the following courses:
- Accounting
- Business Law
- Statistics
- Strategic and Business Planning
- Macro and Microeconomics
- Marketing
- Business Policy and Strategy
Plus, many problems will give students the opportunity to concentrate in a certain area, like international business or management and industrial relations, to further specialize and align their degree with their overall career goals.
Four High-Paying Jobs in Business
Business Administration and Business Administration Online degrees prepare candidates for numerous high-paying jobs ranging from entry-level to more senior-level positions in a thriving, in-demand, and exciting industry.
1. Market Research Analyst
Market research analysts study consumer preferences, business conditions, and other factors to assess and determine the potential sales of a product or service. These individuals are the ones who help companies understand what products people want, who will buy these products, and at what price.
By collecting data and information through focus groups, interviews, literature reviews, surveys, polls, and questionnaires, analysts can make charts, graphs, infographics, and other visual aids to present the results of their research.
According to the U.S. Bureau of Labor Statistics (BLS), market research analysts make a median annual salary of $68,230, with the highest ten percent earning more than $131,850. Candidates can expect to work full-time, and since most industries use market research, analysts are employed throughout the economy and are crucial to a company’s or organization’s success.
2. Advertising, Promotions, and Marketing Manager
Planning promotional and advertising campaigns to generate interest in products or services falls on the desk of advertising, promotions, and marketing managers. Alongside the sales staff, these managers generate ideas, oversee advertising and marketing campaigns, and often serve as the liaison between the client and the agency.
With an employment growth rate of six percent by 2032, an average of 34,000 openings projected each year, and a median annual salary of $127,830 for advertising and promotions managers and a median annual salary of $140,040 for marketing managers, this high-paying job in business is extremely popular for Business Administration degree graduates.
Advertising, promotions, and marketing managers often hold a Bachelor’s degree in Business, like a Business Administration degree, which provides them with the analytical, interpersonal, and decision-making skills necessary to communicate effectively with clients and create successful campaigns.
3. Financial Manager
Financial managers, including treasurers and finance officers, spend the majority of their time analyzing data and advising senior managers on the financial health of a company or organization and ways to maximize profits.
These individuals need to know about the topics, tax laws, and regulations specific to their organization and industry, with the largest employers being in the finance and insurance sectors.
Financial managers make a median annual salary of $139,790, with the highest ten percent earning more than $239,200. Candidates in this position greatly benefit from Business Administration and Business Administration Online programs as they can get the experience they need through a program’s many internship opportunities.
4. Human Resource Manager
Planning, coordinating, and directing the administrative functions of an organization’s human resources managers. They are also responsible for recruiting, interviewing, and hiring new staff and serve as the link between an organization’s management and its employees.
Every organization and company needs a human resource department, and human resources managers can expect an employment growth rate of five percent by 2032, faster than the average for all occupations, resulting in about an average of 15,500 openings each year, according to the U.S. Bureau of Labor Statistics.
Furthermore, candidates can often enter this in-demand profession with a Bachelor’s in Business Administration degree and expect to earn a median annual wage of $130,000, with the highest ten percent earning more than $224,360.
Business Administration Degrees at University of Bridgeport
The high-paying jobs above are by no means an exhaustive list of the jobs available to candidates graduating with a Business Administration degree or a Business Administration Online degree.
Other popular high-paying jobs and their median annual salaries, as reported by the U.S. Bureau of Labor Statistics (BLS), include:
- Public relations specialist – $67,440
- Accountant – $78,000
- Administrative services and facilities managers – $101,870
- Management analysts – $95,290
- Personal financial advisors – $95,390
Students interested in these careers and more can start their future with a Bachelor’s degree in Business Administration or a Bachelor’s degree in Business Administration Online, both offered at University of Bridgeport.
Our flexible and affordable programs, combined with our comprehensive student support services, ensure you can get through college and into a satisfying and high-paying job in business.