Today’s world of business is extremely diverse and complex in countless settings and roles. If you have decided to major in business, you will be happy to know that the skills gained from earning a bachelor’s in business administration can open doors to numerous jobs that garner larger than average paychecks. With so many choices, deciding what you can do with a business degree can be overwhelming, so we have outlined the highest paying jobs in business for you. Depending on your interests, skills, and training, we are here to help you determine which type of role and degree is best for you.
High Paying Jobs in Business
A degree in business is an investment in your future. Most students want to maximize their investments by seeking out the highest paying jobs for those who hold a business degree. We have gone ahead and detailed the median pay in 2021 and the projected job growth through 2030 from the Bureau of Labor Statistics for the highest paying jobs in the field. Let’s take a look at the following managerial and non-managerial jobs that graduates qualify for, starting with those in highest demand. Keep in mind, while these roles are for those with a bachelor’s degree, some employers require additional credentials or experience levels.
Highest Paying Jobs in Business (Managerial Positions)
Health Care Manager ($101,340; 32% growth)
The need for health services managers is growing rapidly. Charged with planning, directing, and coordinating the business activities of healthcare providers, healthcare managers generally oversee day-to-day operations, manage a team of medical professionals, and develop new programs that augment patient care and drive revenue.
Investment/Financial Manager ($131,710; 17% growth)
Financial managers research and select the best investments for an organization, which involves creating financial reports, directing investment activities, and crafting plans for a company’s long-term financial goals. If they are responsible for the investment portfolios of large institutions, such as pension funds or insurance companies, financial managers often direct teams of financial analysts and portfolio managers who work collaboratively to achieve an organization’s investment goals.
Information Technology Manager ($159,010; 11% growth)
An IT manager is responsible for overseeing an organization’s information technology operations, including ensuring systems are functioning properly, assessing current and future IT needs, resolving technical issues, procuring hardware and software, and managing an IT team. The IT manager may also help develop long-term strategies for the department or organization.
Human Resources Manager ($126,230; 9% growth)
Human resources managers direct all administrative activities associated with the personnel of an organization. They manage the hiring and termination of employees, develop recruitment strategies, manage staff payroll and benefits, handle personnel conflict and disciplinary issues, develop and conduct necessary training, and more.
Operations Manager ($115,250; 8% growth)
Sometimes known as a Chief Operating Officer (COO), an operations manager is tasked with analyzing and making changes to organizational processes that improve quality, productivity, and efficiency. Because they may evaluate any/all areas of an organization to identify potential for improvements and collaborate with personnel from every strata of the company to implement change, operations managers must have adept leadership and management skills.
Chief Executive Officer ($106,427; 8% growth)
For small and large organizations, the chief executive officer is the principal executive responsible for the overall direction of the company. By developing short and long-term strategies; managing financial performance; and working with executive teams, boards of directors and stakeholders, the CEO ensures that an organization meets its goals. The CEO often holds the primary responsibility for an organization’s success or failure.
Chief Financial Officer ($139,947; 4% growth)
Chief financial officers (CFOs) not only oversee the comprehensive financial operations of a company, they also collect and collate financial data to present in reports to upper management for making important financial decisions. Whether establishing and managing budgets, forecasting income, managing cash flow, overseeing accounting departments, ensuring compliance with laws and policies, conducting audits, or managing personnel involved with taxes, purchasing, and investments, the CFO is key to the financial success of an organization.
Highest Paying Jobs in Business (Non-managerial Positions)
Actuary ($105,900; 24% growth)
Actuaries operate primarily in the insurance industry and use their expertise in statistics, mathematics and financial theory to calculate the probabilities for and economic costs of risk surrounding policies. They help organizations understand and act on this information to minimize their risk. Ottawa University’s bachelor’s in business administration program offers a concentration in actuarial science for those wanting to enter this burgeoning field.
Financial Examiner ($81,410; 18% growth)
Financial examiners ensure institutions handling monetary transactions follow all laws and regulations that govern them. Most financial examiners work for the finance and insurance industry, the federal government, or state governments, as opposed to compliance officers who can work in any industry.
Risk Management Specialist ($74,047; 16% growth)
A risk management specialist identifies potential financial and other risks that can negatively impact an organization. These risks could be cybersecurity threats, industry, or market trends that impact the business’s product or service, or risks that affect the company’s employees, facilities or reputation. There are multiple risk industry trade organizations that provide certification for targeted areas of risk management.
Accountant ($77,250; 7% growth)
Accountants and auditors prepare and examine financial records for businesses and individuals. Completing certification in a specific field of accounting, such as becoming a licensed Certified Public Accountant (CPA), often improves the accountant’s job prospects.
Financial Analyst ($81,410; 6% growth)
Financial analysts help businesses and individuals make sound financial decisions by analyzing financial data and making projections about future growth, profit margins, risk factors, and more. Financial analysts must be versatile enough to manage budgets and guide major business decisions with equal ease.
Compliance Officer ($75,810; 4.9% growth)
Compliance officers go beyond the financial industry to ensure adherence to internal policies and external regulatory requirements in such industries as health care, telecommunications, oil and gas, and more. They may evaluate, investigate or enforce compliance with these regulations and laws, as well as with contract licensing and permit requirements. Many are tasked with devising and implementing plans for how their organization will comply with future regulations. Departments such as engineering, quality assurance, production, and even marketing make use of compliance officers.
Ottawa University’s Business Degrees
As you prepare for your future, we know you want to attend the best college for your business degree. Because of the diverse opportunities available in the field, Ottawa University conveniently offers an extensive variety of business degrees and concentrations so you may tailor your degree to fit your interests. Take a closer look at Ottawa University’s bachelor level degrees business degrees.
Bachelor of Arts in Business Administration
Bachelor of Science in Business Administration
Bachelor of Arts in Accounting
Bachelor of Arts in Business Economics
Bachelor of Science in Finance
Bachelor of Arts in Health Care Management | Clinical
Bachelor of Arts in Health Care Management | Non Clinical
Bachelor of Arts in Human Resources
Bachelor of Arts in Leadership and Management
Bachelor of Science in Management Information Systems
Best College for Business
If you’re looking at the best colleges for business to earn your degree, Ottawa University’s School of Business stands apart from the rest. The Angell Snyder School of business, named after Wayne Angell and Sherwin Snyder, has a long and distinguished history. Our programs are accredited through the Accreditation Council for Business Schools and Programs (ACBSP) and taught by renowned faculty who are experts in their field. With an alumni advisory board full of successful business masterminds, Ottawa University is a clear leader in business education. Augmented by the David C. Owen Leadership Institute, the Gwartney Institute, the Information Sciences and Technology Institute, and the Bob Bundy Finance and Accounting Program, the Angell Snyder School of Business is at the top of the list when it comes to best colleges for business.
Ottawa University’s online programs allow maximum flexibility for your busy schedule while providing an accelerated path to graduation through 8-week terms and credit transfers. Now that you know what you can do with a business degree, let us help set you on the path to a lucrative career by enrolling in one of our business programs. Our enrollment advisors can help you select the degree and area of concentration that best suits your interests. Request more information today!
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