The average salary for an associate’s degree in business administration is currently $41,952. It should be known that the pay level can vary depending on the industry you choose to pursue with your associate’s degree.
Average salary for associates degree in business administration: $65,000 per year.
Average salary for associates degree in business administration
An online associates degree in business administration is a smart choice for those who want to advance their careers and learn the ins and outs of running a business. It’s a degree that offers many benefits, including the potential for higher earnings. “Potential” is important here, as with any job there are those who command more than others due to factors like experience, location, and specialty. Here are some of the highest-earning jobs available to graduates with an associates degree in business administration:
Median Annual Wage for Management Analysts
As a management analyst, your job will be to work with data and develop solutions to problems within your organization. You may also need to provide recommendations on how to improve efficiency.
Management analysts typically work in industries like healthcare, government, education and manufacturing. They’re responsible for analyzing data and gathering information so they can provide recommendations on how to improve efficiency within the company or organization.
Median Annual Wage for Logisticians
The median annual wage for logisticians was $72,160 in 2017.
According to the U.S. Bureau of Labor Statistics (BLS), there were 649,700 logistics managers employed across all industries in May 2015. The BLS predicts that this number will increase by 22 percent by 2024, resulting in roughly 796,000 logistics managers working nationwide by 2024.
Median Annual Wage for Top Executives
Median Annual Wage for Top Executives
The median annual wage of top executives is $154,630. This is higher than the median annual wage for all workers of $53,320, which means that people with a bachelor’s degree in business administration make more money than those who don’t have one.
- Note: Median Wage is the middle number in a range of values; half are below it and half above it.
Median Annual Wage for Human Resources Managers
The median annual wage for human resources managers is $93,280. The lowest paid 10 percent earned less than $49,670, and the highest paid 10 percent earned more than $145,260. In addition to salary and wages, most human resources managers receive other forms of compensation such as bonuses or profit sharing.
Median Annual Wage for Compensation and Benefits Managers
The median annual wage for compensation and benefits managers was $75,100 in May 2018. The highest 10 percent earned more than $132,920, while the lowest 10 percent earned less than $48,600.
The steps below explain how to calculate the median annual wage.
- Identify the population being studied and define the variable of interest (e.g., employees who work at companies with fewer than 100 employees).
- Determine what data sources you need to use to answer your question—for example: surveys; company records; federal census data; or other types of information repositories (e.g., industry reports).
- Collect your data using appropriate methods for each source (e.g., surveys may require phone calls or on-site visits).
- Calculate summary statistics from each set of data and compare them against each other (i.e., averages versus medians).
Median Annual Wage for Purchasing Managers, Buyers, and Purchasing Agents
The median annual wage for purchasing managers, buyers and purchasing agents was $87,530 in May 2016. The median hourly wage was $42.44. Median annual wages for purchasing managers varied by the size of the employer (see table). For example, those working at establishments with 100 to 499 employees earned a median annual wage of $86,020 compared to those employed at companies with 500 or more employees who earned a median annual salary of $93,400.
Median Annual Wage for Training and Development Managers
You can use this information to determine the average salary for your associates degree in business administration. At the time of writing, the median annual wage for all occupations is $48,620, and for training and development managers it’s $94,750.
Median Annual Wage for Operations Research Analysts
While studying business administration, you’ll learn how to apply the principles of management to different situations. You’ll also develop an understanding of finance and marketing.
Operations research analysts focus on improving processes through the use of mathematical models and computer software. They often deal with complex problems related to production or logistics, such as finding ways to optimize inventory levels or make supply chains more efficient.
The median annual wage for operations research analysts was $77,500 in May 2017.* That’s about $36 an hour if you work a full-time schedule (40 hours per week).
To become an operations research analyst, you need at least a bachelor’s degree in business administration or its equivalent from an accredited college or university; however, many employers prefer candidates with master’s degrees in OR/MS (operations research/management science) or CPA certification
An associates degree in business administration can be a good starting point on the road to a lucrative career.
An associates degree in business administration can be a good starting point on the road to a lucrative career. By obtaining your associate’s degree, you will be able to begin working as a business analyst or some other position that requires an understanding of business principles and their application in the real world. As such, this degree can prepare you for many careers after graduation.
To find out if an associates degree is right for you, consider how much time and money you’re willing to commit to getting your bachelor’s degree. Do some research online about potential careers and salaries in your field before deciding which path is best suited for your needs and interests—you’ll want an education that leads directly toward where you plan on going post-graduation!
You may also choose to pursue higher education with an advanced course load focused on leadership skillset development; however these programs often require additional cost beyond tuition (such as room & board).
Conclusion
With a little bit of research, it’s clear that an associate’s degree in business administration can be a great place to start. These jobs are in high demand and while they may not be the highest-paying positions, they all have room for advancement so you won’t have to spend your entire career working as a logistics coordinator or human resources manager. As long as you are willing to put in some hard work, then this degree should help open up opportunities that will allow you to move up in your career later on down the road!
