“Sure, sometimes guys pass you up in salary, and maybe it’s a lesser player, but it’s all based on what a team has as far as value in that person.” – Brett Favre
Okay, so let’s face it, this is one of the first questions a degree seeker wants to know the answer to…I mean, you wouldn’t want to work for peanuts, so let’s check out some figures together. Of course, the salary levels vary greatly with a business management degree depending on the type of “business managing” you are looking to go into. You also will want to consider the bachelors vs. masters degree as well but we will delve into both.
According to a 2010 assessment by the U.S. Bureau of Labor Statistics, a business management degree can earn you anywhere from $40,000 to over $100,000, again, depending on your field of choice as well as location, education and experience. This link will give you an idea of what your degree can help you to accomplish in a variety of different management positions.
Of course, when choosing a career to pursue, we all know that there is no substitute for actually enjoying your job, so salary aside, choosing to obtain a business management degree will open up a lot of opportunities that will ultimately be a satisfying fit to your lifestyle.
In terms of starting salaries, a business administration degree is one of the more lucrative majors. Students pursuing this major has the chances of becoming executives and CEOs of major corporations and even becoming the president of their own someday.
Oftentimes a graduates with this degree will decide to continue their education and get their masters in BA.
Let me touch on the master’s degree decision for just a second, according to the U.S. Bureau of Labor Statistics, a master’s degree can greatly enhance your chances of landing that dream job…not to mention, boost your salary AND they predict that jobs requiring a masters degree is expected to grow by 22% between now and the year 2020. More and more employers are looking for that special candidate that stands out amongst the rest and has that extra education needed to be a high end, successful manager. Obtaining a master’s in business administration degree will allow you to command a six figure start to your career.