Do you want a career in business administration? You’re not alone. This is a very popular field with a wide range of careers to match what you want to do.
If it’s your first job, you might wonder about salaries. How much can you expect to make if you go into this field?
Before you decide, you should learn everything you can about the industry. Once you know it better, you can find the job that fits.
Here’s a guide to everything you need to know about business administration salaries.
How Much Can You Earn With A Business Administration Degree?
Business Administration programs can lead to a variety of well-paying careers. The median annual salary for business and financial occupations is $67,690, and the top 10% of earners in these occupations make more than $118,800 per year.
Many business administration graduates go on to become managers and executives in fields such as finance, marketing, and human resources. With a Business Administration degree, the sky is the limit in terms of earnings potential.
The Highest And Lowest Business Administration Salaries
The median salary is around $50,000, but there are some jobs that pay significantly more or less than this.
The highest-paying industries for business administrators include utilities, professional services, and management of companies and enterprises. The lowest-paying industries are typically retail and hospitality.
There is a wide range in the average business administration salary by state. The highest average salary for business administration is in the District of Columbia at $85,630. The lowest average salary is in South Dakota at $52,970.
There are many factors that contribute to the variation in average salary, including the cost of living in the state and the regional economy. Business administration salaries also vary depending on the specific field and job title.
The average salary for a business administration professional with one to three years of experience is $46,000 per year. Those with four to six years of experience earn an average of $56,000 annually, while those with seven to nine years of experience earn an average of $69,000 per year.
Business administration professionals with 10 or more years of experience earn an average salary of $84,000 per year.
By Company Size
Businesses with 1-499 employees have an average salary of $46,490, while businesses with 500-999 employees have an average salary of $56,130.
The largest businesses, those with 1000 or more employees, have an average business administrator salary of $65,760. These salaries are all averages, and individual salaries can vary greatly depending on the company, the administrator’s experience, and the location of the business.
Start Your Career In Business Administration
If you’re thinking of pursuing a career in the corporate world, you’re probably wondering about business administration salaries. According to the Bureau of Labor Statistics, the median annual salary for business administrators is $96,540.
However, earnings can vary widely depending on factors such as experience, education, and industry. So, if you’re interested in pursuing a career in this field, be sure to educate yourself.
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