There are many ways to earn money in today’s economic climate. One of the biggest decisions you’re going to have to make is what kind of job do you want to pursue? Many individuals decide they want to go into business administration. If this is your decision, you will need a good degree in the area of business. There is an enormous amount of business administration jobs available for those that want them. Here is information about what you can expect to earn with a business administration degree.
Business administration bachelor’s degree graduates earn an average salary of $43,700, but that’s only the beginning. According to the Bureau of Labor Statistics (BLS), the median pay for a business administration bachelor’s degree graduate is $60,500.
Salary for business administration bachelor’s degree
Is Business Administration a Good Major?
Yes, business administration is a good major because it dominates the list of most in-demand majors. Majoring in business administration may also prepare you for a wide-range of high-paying careers with above average growth prospects (U.S. Bureau of Labor Statistics).
Before you decide to pursue a major such as business administration, it is essential to understand the career implications this major may provide.
Some of the questions you might have in this discussion are:
- What is the potential salary for a business administration major?
- Is the business industry projected to grow or shrink in the foreseeable future?
- Will a business administration major provide a career that will give me job satisfaction?
- What are the opportunities for career advancement?
Having solid answers to these concerns can help you feel confident in deciding if a business administration major is a good fit for you.
Business Administration Career Prospects and Growth
Entering a business administration major into a job search engine may not pull up many job listings.
But that isn’t because there isn’t a demand for employees with this major. It’s the exact opposite!
In fact, a business administration major can help equip you with the skill set for a variety of careers across multiple fields.
According to the Bureau of Labor Statistics, the average growth is at 8% for the business and financial operations industry.
A business administration major can help prepare you for a career in a variety of fields with above-average growth. Business administration majors may be found in health care management, business management, finance, accounting, and marketing.
With a business administration major, you may work in a variety of positions with above average growth as seen in these careers.
- Management Analysts: 14% growth
- Appraisers and Assessors of Real Estate: 4% growth
- Fundraisers: 16% growth
- Personal Financial Advisors: 5% growth
- Market Research Analyst: 22% growth
With growth projections like these, you can rest assured that careers in the business industry are projected to grow, making a business administration major a wise choice.
Business Administration Salaries
A key component in deciding if a business administration major is a wise investment is the projected salaries.
On average, a business professional with a bachelor’s in business administration can expect a salary well beyond the national average.
According to the Bureau of Labor Statistics, some careers in the business administration field include:
| Career | Annual Median Salary |
| Personal Financial Advisor | $89,330 |
| Management Analyst | $87,660 |
| Financial Analyst | $83,660 |
| Budget Analyst | $78,970 |
| Logisticians | $76,270 |
| Accountant or Auditor | $73,560 |
| Insurance Underwriter | $71,790 |
| Market Research Analyst | $65,810 |
| Fundraiser | $59,610 |
| Appraisers and Assessors of Real Estate | $58,650 |
Regardless of the field that you choose to work in, from health care management to real estate, with potential salaries at nearly double the national average, a business administration major may be an astute financial decision.
