Posted on 05/28/2024 9:50:19 AM PDT by SeekAndFind
Starting your career with a business major is a strategic move in today's dynamic job market. This qualification opens doors to many lucrative and impactful opportunities. And you'll find some of the highest-paying business jobs right here on Monster.
Trends indicate a positive outlook for business careers. The job market is robust, with a wide range of sectors such as finance, consulting, human resources, and marketing seeking business-savvy professionals. This demand is fueled by an ongoing need for graduates with strategic thinking, financial acumen, and innovative problem-solving skills.
You can carve out a highly rewarding career in these lucrative sectors with the right skill set, a proactive approach, and a keen eye on industry trends. Stay focused on developing your expertise, seize every networking opportunity, and be ready to showcase your talents - the highest-paying business jobs are well within your reach.
With your undergraduate degree under your belt, keep in mind that finding jobs for business majors requires a mix of strategy and action. So, start by leveraging your college’s career services and alumni network before and after graduation– these are goldmines for connections and job leads. You can also seek out industry conferences and networking events; the more people you meet in the field, the better your chances of landing your dream job.
Plus, we've rounded up some of the highest-paying business jobs, categorized by degree, to help you find your perfect match. Weve also included the median salaries for each job, but always consider your experience level, specialty, and location to get a more accurate idea of what you can earn.
A bachelor’s degree in finance is one of the highest-paying business majors you could attain. The financial sector values this degree for its strong foundation in financial principles, analysis, and management. As a finance major, you can often boost your income through bonuses, commissions, and profit-sharing, especially in performance-driven roles like investment banking and personal financial advisory.
A financial analyst plays a crucial role in guiding businesses in their investment decisions. You’ll scrutinize economic and business trends, assess the performance of stocks, bonds, and other investments, and analyze financial data to forecast future earnings and market trends.
This analysis helps create financial models to predict outcomes, advise on portfolio management, mergers, and acquisitions, and identify investment opportunities. In this role, you’ll typically work for banks, pension funds, mutual funds, or insurance companies.
Job requirements: Most entry-level positions require a bachelor’s degree. To become a successful financial analyst, you’ll need excellent analytical and problem-solving skills and a keen eye for detail.
Median salary: $96,220 per year
Find financial analyst jobs on Monster.
A financial manager oversees a company's operations, ensuring financial efficiency and profitability, which is why it’s among the highest paying business jobs. This includes developing long-term financial strategies, conducting risk analysis, and preparing financial reports.
You'll manage investment activities, plan and execute capital-raising strategies, and manage budgeting and forecasting processes. You'll also make critical decisions regarding cash management and investment activities, ensuring that the company meets its financial obligations and maximizes returns.
Job requirements: Financial managers typically need at least five years’ experience in finance or accounting in addition to a bachelor's degree.
Median salary: $139,790 per year
Find financial manager jobs on Monster.
With a bachelor's degree in accounting, you can access a variety of lucrative career paths. These roles leverage your expertise in financial principles, tax laws, and auditing standards and often offer significant growth potential. Here are some high-paying business jobs if you’re a graduate with an accounting degree.
If you’re a CPA, you’re a highly qualified accounting professional who has met rigorous education and experience requirements. You perform a variety of roles, which often include auditing financial statements to ensure accuracy and compliance with laws, preparing and filing tax returns, and offering tax planning and financial advisory services. You may also provide consultancy on business strategies, financial management, and internal controls to improve efficiency and profitability.
Job requirements: Becoming a CPA requires a bachelor's degree and passing a national exam. All U.S. states require CPA candidates to have completed 150 semester hours of college coursework to be licensed, which is 30 hours more than a typical four-year bachelor's degree.
Median salary: $78,000 per year
Find CPA jobs on Monster.
As a tax manager, you'll oversee tax compliance, planning, and strategy to ensure adherence to tax laws and regulations while minimizing tax liability. You'll stay abreast of changing tax laws and regulations and analyze how these changes impact a company.
In this role, you'll often lead a team of tax professionals and collaborate with external auditors and consultants. Your expertise is crucial in strategic financial planning and risk management, ensuring fiscal responsibility and legal compliance.
Job requirements: In addition to a bachelor’s degree and a CPA license, you’ll need several years of experience in tax preparation, planning, and compliance.
Median salary: $131,052 per year
Find tax manager jobs on Monster.
A bachelor’s degree in economics opens doors to various high-paying career paths. With this qualification you can leverage skills in analysis, critical thinking, and an understanding of economic systems and trends. Here are some of the best business jobs to pursue with your economics major.
An actuary evaluates financial risks using mathematics, statistics, and financial theory. You’ll play a crucial role in the insurance industry, but your expertise can also be applied to pension funds, government roles, and various financial services sectors.
Actuaries analyze the likelihood of events and assess the financial consequences of those risks. Their work involves designing and pricing insurance policies, pension plans, and other financial strategies to minimize risk and maximize profitability. This job is an excellent match if you’re looking for one of the highest paying business jobs where you can use your strategic foresight and problem-solving skills.
Job requirements: Becoming an actuary requires a bachelor's degree plus obtaining one or two certifications by passing several professional exams. These are administered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
Median salary: $113,990 per year
Find actuary jobs on Monster.
As a personal financial advisor, you help people manage their finances to achieve economic goals. This role involves understanding a client's financial situation, objectives, and risk tolerance to offer tailored advice on budgeting, investments, retirement planning, education funding, and insurance. You’ll create comprehensive financial plans, suggest suitable products, and guide clients through life changes and financial decisions.
Job requirements: To become a personal financial advisor, you'll need a bachelor's degree, and depending on the services offered, you may need a specific license as well. For example, selling insurance requires a state insurance license, while providing investment advice or selling stocks and bonds typically requires FINRA licenses like the Series 6 or Series 7.
Median salary: $95,390 per year
Find financial advisor jobs on Monster.
Most likely the people out doing the protesting are not serious students at those institutions(SEE AOC). In fact I suspect that a lot of the protesters were not even students AT those institutions. You DO NOT get into Harvard Medical School, Harvard Business School or Harvard Law School IF you are stupid. It is EXTREMELY competative. IF they were in fact students at one of those universities they probably were in some type of “international studies” program like AOC was at BU.
I’ve held the first five job titles in the article at various times and never made near the $130K they cite. I have a Masters degree in Accounting and a CPA. The only way I made over $150K was to have a side hustle with my own CPA work. I worked with graduates from other schools that could only use excel to add a column of numbers and knew nothing about pivot tables, nested IF formulas or macros. All education is not equal.
I would NEVER go into HR...it is GOVERNMENT work (I was in HR in 70s, 80s, 90s...part in high tech)
My son is an operations mgr for @$24 million yr construction company...NO college degree
A lot of managers there. Jobs that normally require experience.
I agreed with almost everything you’ve noted ... maybe a few years ago.
Nowadays, with DEI (diversity, equity, and inclusion — the latest commie/leftist term for their racist discrimination policies).... you no longer have to be anywhere near the top of your class to get into those schools. you just have to tick off the “correct’ boxes regarding your race, religion, sexual preferences, etcetera. (If you’re an unfortunate “white” identifiable Christian or Jew or Asian/Chinese, you do still need the grades since there are now fewer slots available for “your kind.”
I’ve been on both sides of recruiting and hiring, have seen it from all angles. Times have indeed changed.
These are the best skills to have...
😵😲
Plus they will want their student loans paid off by everyone else but them or is it they or it?
BTW the answer is NONE!
Dr. Jebra Faushay
@JebraFaushay
Which of these college majors has the best chance of scoring a high-paying job?
https://x.com/JebraFaushay/status/1795413839514862075
I’ve pointed out before I took the first two actuarial exams - passed with flying colors — but could not pass the interviews.
The insurance companies said straight away that they would consider any major — so it doesn’t have to be Economics or even STEM.
Interpersonal chemistry is the #1 factor....it’s regrettable that the interviews come after the education.
Yes there are internships but when I was in school, most employers wanted experience before you could even interview for an internship.
No engineering degree references or salary estimate for ANY engineering major. Oh. By the way. Those 130,000.00 and 150,000.00 “salaries” are for people with a few proven successes under their belt. and 10-15 years in each difference industry sector.
Concur with your observation,
Said so casually. Oh sure, just have to pass several exams.
Fact is you are more likely to become a full fledged MD then pass all those exams.
The pass rate is somewhere around 50%. And that is with repeated attempts.
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