Business Management Degree Career Prospects: Jobs and Salaries

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During a business management degree, you will learn how to analyze financial projections, make strategic business decisions, and effectively lead teams.

Learners study finance, accounting, marketing and entrepreneurship. They also strengthen their analytical and collaborative skills. The degree prepares graduates for leadership roles as entrepreneurs and managers.

Management careers offer high salaries and high projected demand. But how much can you earn as a business management major? And what jobs can you get with a business management degree? We explore the answers below.

Best Jobs With A Business Management Degree: A Snapshot

Job title

Minimum degree required

Median salary (2021)

Average forecast openings/year

Managing Director or Operations

Bachelors

$97,970

247,100 (all senior management positions)

financial manager

Bachelors

$131,710

64,200

Commercial director

Bachelors

$127,490

37,000

Human Resources Director

mastery

$126,230

14,800

Management Analyst

Bachelors

$93,000

99,400


Source: United States Bureau of Labor Statistics

How Much Money Can You Make With A Business Management Degree?

On average, professionals with a bachelor’s degree in business management earn $66,000 per year, according to PayScale data as of September 2021. However, salaries vary widely by location, industry and job title. .

Many business management roles, including supervisory positions, pay salaries well above the US median annual salary of $45,760.

For example, management occupations pay a median annual salary of $102,450, according to BLS data. Industrial production managers, financial managers and sales managers all report median salaries in the six figures.

Business professionals can increase their earning potential through experience, an advanced degree, or professional certifications.

What jobs can you get with a business management degree?

A business management degree prepares professionals for decision-making roles in a variety of industries.

A bachelor’s degree meets the requirements of many management roles, including as a human resources manager, financial manager, or management analyst.

You can combine a double major with business management to open up additional potential career paths.

Advanced degrees, such as an MBA, can qualify you for additional supervisory and leadership roles when paired with experience.


SEE: Best Online MBA Degrees: Top Picks


Managing Director or Operations

  • Minimum degree required: Bachelor’s degree, such as a business administration degree
  • Median salary 2021: $97,970
  • Projected job growth (2020-30): 8%
  • Associated job titles: Director of Operations, Business Manager, Store Manager

Good fit for:

  • Professionals with supervisory and leadership experience
  • Those with strong time management and problem solving skills
  • Candidates able to communicate effectively

General and operations managers direct the day-to-day operations of their division. They create budgets, supervise staff and establish policies. General and operations managers also monitor projects and allocate resources. Most roles require a bachelor’s degree and work experience. After working as a general manager or chief operating officer, professionals can move up to CEO roles.

financial manager

  • Minimum degree required: Bachelors
  • Median salary 2021: $131,710
  • Projected job growth (2020-30): 17%
  • Associated job titles: Risk Manager, Insurance Manager, CFO

Good fit for:

  • Professionals with strong analytical and data-driven decision-making skills
  • Leaders experienced in managing teams
  • Those who have a detailed approach to solving problems

CFOs oversee financial analysts and create plans to achieve their organization’s financial goals. They analyze financial data to recommend investment strategies and assess financial risk. CFOs typically hold a bachelor’s degree in finance, business management, or a related field. They must also have some work experience as a financial analyst.

Commercial director

  • Minimum degree required: Bachelors
  • Median salary 2021: $127,490
  • Projected job growth (2020-30): seven%
  • Associated job titles: Account Manager, Business Development Manager, Regional Sales Manager

Good fit for:

  • Candidates with sales training, including sales work experience
  • Individuals with strong communication and customer service skills
  • Those with good organizational and leadership skills

Sales managers oversee a team of sales representatives. They evaluate data to project sales and set goals. Sales managers also train sales people in customer acquisition and sales techniques. The position typically requires a bachelor’s degree, such as a marketing degree, and sales experience.

Adult businesswoman comforting her colleague in a modern office

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Human Resources Director

  • Minimum degree required: Master’s degree, such as a master’s degree in human resources
  • Median salary 2020: $126,230
  • Projected job growth (2020-30): 9%
  • Associated job titles: Training and Development Manager, Recruitment Consultant, Benefits and Compensation Manager

Good fit for:

  • Professionals with training in human resources
  • Candidates with strong interpersonal and communication skills
  • People with a background in leadership or management

Human resource managers oversee the administrative side of organizations. They manage the recruiting and hiring process, administer compensation and benefits, and resolve employment disputes. Human resource managers also advise organizations on their training and staffing needs. Human resource managers have previous experience in the field of human resources. Most have a degree in human resources or a degree in management. Some positions require a master’s degree in human resources.

Management Analyst

  • Minimum degree required: Bachelors
  • Median salary 2020: $93,000
  • Projected job growth (2020-30): 14%
  • Associated job titles: Management Consultant, Business Process Analyst, Operations Analyst

Good fit for:

  • Professionals with a management background, including a business management degree
  • Those with strong analytical skills
  • Individuals with an eye for detail and good problem solving skills

Management analysts assess organizations to solve problems and identify more efficient procedures. They recommend strategies that will increase income and reduce expenses. Most management analysts have a bachelor’s degree in commerce or a related field. After working as a management analyst, professionals move into consulting or management roles.

Professionals with a business management degree work as project managers, financial directors, management analysts, and general managers. The degree also prepares graduates for supervisory roles.

The highest paying business management jobs are finance manager, human resources manager, and sales manager. The median salary for these roles exceeds $120,000 per year, according to BLS data from May 2021.

This article has been reviewed by Krystal Covington, MBA

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Krystal Covington, MBA, is a business growth strategist with 15 years of marketing and public relations experience. His company, Go Lead Consulting, provides clients with basic tools to build new customer and customer relationships.

Covington founded Women of Denver, one of the largest private membership organizations in Denver, Colorado. Her program helps women increase their business acumen, hone their leadership skills, and connect with other high-achieving women. Covington received his MBA from Western Governors University in 2012.

Krystal Covington is a paid member of the Red Ventures Education Independent Assessment Network.

Last revised October 21, 2021.

Unless otherwise noted, all wage and employment growth data were taken from the US Bureau of Labor Statistics as of May 6, 2022.

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