Salaries for business administration degree holders can vary greatly depending on the line of work one gets into. Business administration degrees lead to a number of careers with a range of salaries. The Bureau of Labor Services (BLS) provides median salary information for several business-related careers from May 2004:
- Chief Executive Officer (for profit org.) - $140,350
- Chief Executive Officer (non-profit org.) - $88,006
- Marketing Manager - $87,640
- Sales Manager - $84,220
- Financial Manager - $81,880
- Top Executives - $77,420
- Training and Development Manager - $67,460
- Health Services Administrator - $67,430
- Compensation and Benefits Manager - $66,530
- Accounting Manager - $64,100
- Management Analyst - $63,450
- Personal Financial Advisor - $62,700
- Financial Analyst - $61,910
- Budget Analyst - $56,040
- Accountant - $50,770
- Loan Officer - $48,830
- Insurance Underwriter - $48,550
- Tax Collector - $43,490
- Real Estate Appraiser - $43,390
- Retail Sales Manager - $32,720
These figures, however, are median salaries. Many CEOs see salaries well into the six figures, while bonuses and stock options can significantly increase any successful business-person’s salary.
Salaries are also greatly influenced by one’s degree level. According to MBA.com, MBA graduates from the class of 2006 earned an average $61,302 prior to completing the MBA and $86,350 after – an increase of 41%. Other factors that influence salary include industry, experience, responsibility, and geographic location.