Business management salary in the United States in 2022

Businesses come in many shapes and sizes. From entrepreneurs and large corporations to government agencies and nonprofits, the need for professionals with a business degree is clear and unavoidable. Obtaining a business degree greatly boosts your career prospects because it is relevant to almost every sector of commerce and industry.

So, of course, it makes sense to talk about the financial benefits of work based on a business degree. But before we talk about business administration and salaries in the United States, let’s take a look at what business administration is, degrees and programs in the field of business administration. And finally, shed light on the salaries of business managers.

What is Business Administration?

Simply put, business management means managing the time, resources, and personnel of an organization. The job of a business management professional is to ensure that your business operates efficiently, effectively, and productively. Therefore, working in business management requires knowledge of related fields and soft skills such as excellent communication skills and interpersonal skills. Apart from soft skills, business managers need to have a basic knowledge of finance, accounting, human resources, marketing, and IT. However, business managers usually specialize in a particular area.

Bachelor of Business Administration and Program

A business administration degree is one of the most sought after qualifications among undergraduate and graduate students. With a degree in business administration, individuals can start their careers in almost any industry and bring back attractive payroll packages.

Let’s take a quick look at the various business administration degrees and programs you can pursue:

1. Associate Bachelor’s Degree in Business Administration

An associate degree in business administration is ideal for anyone who wants to start a career in the business world or a professional who wants to extend their career. An associate degree is also a great choice before you get a bachelor’s degree. It is primarily career oriented and primarily focused on management, accounting, and software applications. It provides students with the skills and industry knowledge they need to get an entry-level job in their area of ​​expertise.

2. Bachelor of Business Administration

A bachelor’s degree in business administration qualifies you for important positions across the industry, including business analysts, operations managers, talent generalists, and marketing specialists. Bachelor’s degree courses focus primarily on interpersonal skills, critical thinking skills, and business management principles. , And core business subjects such as finance, accounting, marketing and information technology.

3. Master’s degree in business management

A Master of Business Administration (MBA) opens a treasure trove of graduate managers. The MBA degree program qualifies individuals for a variety of professional opportunities, from executive directors and corporate managers to business owners and independent consultants. The MBA program usually lasts two years.

4. Doctor of Business Administration

A Doctor of Business Administration (DBA) is the ultimate higher education degree in business. DBA qualifies individuals for leadership, consulting, and teaching positions in corporate and academic sectors. It focuses on research and analytical methods and core management subjects, based on the knowledge and expertise gained through master’s level research. as a result, The salary of a doctor of business administration is inevitably high.

Factors Affecting the Salary of Business Managers

A business administration degree is a versatile qualification. It covers a wide range of fields from general business management, finance, accounting to marketing, human resources development, and international business. The curriculum is in line with real-world business scenarios, enabling students to strategically learn financial principles and create value for their organizations.

The salary of business managers mainly depends on the following factors.

  • position
  • experience
  • skill
  • Employer
  • Scope of work

Salary of business manager

The average salary of a US business manager is US $ 55,943 Per year.

Salary distribution payment
Basic salary US $ 36,000 – US $ 96,000
Bonus USD 202 – USD 10,000
Profit sharing $ 256 – $ 20,000
Commission US $ 2,000 – US $ 38,000
Total pay US $ 33,000 – 88,000

Source: Pay scale

Salary of business managers by location

The salary of business managers in the United States is City.. This is a list of the top five cities and salaries that business managers can expect.

city Average salary (annual)
Houston, Texas US $ 58,234
New Yor, NY US $ 53,106
Seattle, Washington US $ 75,000
Chicago, Illinois US $ 61,281
Los Angeles, California US $ 70,638

Source: Pay scale

Experience-based salary for business managers

Based on work experience, manager salaries vary as follows:

Degree of experience Many years of experience Average salary (annual)
Introductory level Less than a year US $ 49,991
Early career 1 to 4 years US $ 51,347
Mid-career recruitment 5-9 years US $ 58,504
well experienced 10-19 years old US $ 61,636
Late career Over 20 years US $ 64,076

Source: Pay scale

Salary of business managers by skill

While some skills are popular with business managers, here are the most relevant and demanding skills and their impact on business managers’ salaries.

Source: Payscale

Salary of business managers by job scope

As mentioned earlier, a degree in business administration qualifies an individual in several positions. Check out these popular ones and the salaries they get in the United States:

Source: Payscale

Doctor of Business Administration Salary

A Ph.D. in Business Administration is the highest academic qualification in this field. It not only prepares individuals for efficient leadership and management, but also expands the scope of landing safe jobs at high wages.

On average, professionals with a PhD in business administration can expect to withdraw their annual salary. US $ 102,000 In the United States

The following table categorizes several PhD positions. Holders are eligible and the corresponding average annual salary is:

job title Average salary (annual) job title Average salary (annual)
executive director US $ 80,523 IT Specialist US $ 58,190
Accounting manager US $ 113,905 Institutional Research Specialist US $ 53,690
Human Resources Manager US $ 68,766 President US $ 150,860
Admission Director (University / College) US $ 69,860 Procurement agent US $ 60,149
Project manager (IT) US $ 88,883 Professor (Higher Education) US $ 88,484
Project manager (general / details unknown) US $ 75,062 Chief Financial Officer (CFO) US $ 137,123
Senior Project Manager (general / details unknown) US $ 93,518 Training and development manager US $ 77,615
HR Director US $ 89,624 Business development manager US $ 74,494
IT Director USD 121,987 Financial analyst US $ 61,988

Further learning journey with upGrad

If you are looking for an MBA or DBA online course, upGrad’s Liverpool Business School Master of Business Administration When Ph.D. in Business Administration, Faculty of Business Administration, Switzerland Your best call.

upGrad is the leading name in the online higher education industry. By effectively combining the latest technologies, services and educational practices, all courses and programs offered by upGrad are customized to meet the learner’s professional requirements. A very popular learning platform has a global paid learner base of over 40,000 in more than 85 countries. Its immersive learning experience has impacted more than 500,000 working professionals around the world and continues to provide outstanding education.

Course highlights Liverpool Business School Master of Business Administration (18 months):

  • MBA from the famous Liverpool Business School
  • Associate IMT Ghaziabad Alumni Status
  • Industry-related curriculum with 6 specialties
  • A Weekly Immersion Program on a University Campus
  • One-on-one mentorship from industry leaders
  • Peer learning and networking with managers and business leaders
  • 360 degree career support

Course highlights Ph.D. in Business Administration, Faculty of Business Administration, Switzerland (36 months):

  • Doctor of Business Administration, SSBM Geneva
  • Infinite road for research
  • Papers in the selected discipline
  • International networking opportunities
  • International academic support
  • One-on-one dissertation director
  • Designed for working professionals

Final idea

Obtaining a business degree is worth it for all good reasons. Market demand is high, competitive revenue potential is high, business-related work is flexible enough, and degrees are versatile, paving the way for many careers. And finally, networking opportunities are transforming the professional growth of individuals. Of course, there are limits, but the highs simply outweigh the small weaknesses. A business degree is a must if you have to differentiate yourself from the crowd and prove your credibility.

So why not choose if you are ready to take the next step towards getting a business administration degree? upGrad?? Then explore all the exciting career opportunities that upGrad offers!

Is Business Administration a Good Career?

A bachelor’s degree in business administration is worth it for several reasons. First of all, qualifications add significant value to your resume and help you land a well-paid and safe job. In addition, degrees are versatile and are relevant to several industrial sectors. Finally, the degree develops skills such as communication, the ability to work in a team, and the qualities that all employers seek from future candidates.

Is there a lot of mathematics in business administration?

Undergraduate calculus and undergraduate statistics are standard requirements for business administration, but some business degrees may require advanced mathematical concepts.

If I’m not good at math, do I need to major in business?

Well, the answer to that depends entirely on your level of determination and your career goals. Of course, you can always hone your hard skills with the help of learning resources, peers and teachers. However, if you absolutely want to avoid dealing with numbers and want to work in leadership and management roles, you can opt for a Bachelor of Science in Leadership in your organization or a Certificate of Human Resources and Analysis program.

Prepare for your future career Business management salary in the United States in 2022

Back to top button