How Much Does A Business Administration Degree Make
But so will the exact occupation that you have in the business world.
How much does a business administration degree make. Image via wikipedia a masters degree in business administration mba elevates starting salaries to a range of 73 000 to 112 000 per year. These business professionals earn their. According to the bls the median business management salary was 102 590 in 2017. As of sep 5 2020 the average annual pay for the business administration degree jobs category in arkansas is 46 258 a year.
Earning a business administration and management bachelor s or master s degree will make a big difference in pay. A masters degree often requires a substantial financial investment. While ziprecruiter is seeing annual salaries as high as 89 005 and as low as 21 150 the majority of salaries within the business administration degree jobs category currently range between 31 724 25th percentile to 52 874 75th percentile in arkansas. A few examples of the median income for jobs as managers are as follows.
Popular companies for doctorate phd business administration degrees. A bachelor s degree in business administration can add 2 000 to 5 000 or more per year in earning potential while an mba can add yet another 7 000 to 11 000 though many mbas start out in higher level management jobs with more responsibility and consequently earn a larger salary that may include a bonus package. Pay ranges for people with a doctorate phd business administration degree by employer. How much money does a health care administrator make with a bachelor s degree from a school.
Bachelor s degree business administration salary get a free salary comparison based on job title skills experience and education. The differences in degree majors typically correspond to the industries and careers that students pursue upon obtaining their degrees. After graduates with a business administration degree work in their fields for a few years they can move up into higher paying management positions. Business administration is a broad type of college degree whereby students who pursue business administration have the option of choosing a concentration from a wide variety majors.
The bureau of labor statistics bls pinpoints the 2019 median annual salary for all management related. Accurate reliable salary and compensation comparisons for. The bureau of labor statistics bls has compiled 2016 statistics that detail the median pay that you can earn in the most popular business careers. Most people who enter business and management begin their search by assessing career paths for earnings and demand.
As with almost all careers the higher degree you hold the higher your salary. Lower salaries fall in government or health care administration.