Sunday, March 27, 2011

How Much Do You Make With a Business Administration Degree?

How much you make with your business degree depends on which degree(s) you have earned and the field of work you choose. When you know which fields pays the most, you may choose the most lucrative specialty you find intriguing. When you see the difference in pay rates according to degree, you can determine which degree best fits your career and income goals. With business administration degrees, enjoy having a potentially unlimited top-end salary.

Associates Degree
The associates degree in business administration has a starting annual salary from about $25,000 per year for positions in retail or banking to $50,000 for a worker in human resources, for instance. Between these high and low salary positions, we find several other jobs such as office manager, executive assistant and customer service representative. Associate degrees in business require two years of full-time study and can be earned at community or state colleges. The Online Business Degree website offers a searchable database of business salaries by city and state.

Bachelors Degree
 
If you invest two more years of study, you earn a four-year bachelors degree in business administration. Annual starting salaries range from $35,000 to as high as $88,000 for a financial controller, for instance. Between the high and low ranges fall positions such as human resource manager or director, senior accountant or a project manager in Internet technologies or construction. Experienced workers can expect to make more than these starting salaries.

Masters Degree
 
MBA Master Business AdministrationImage via WikipediaA masters degree in business administration (MBA) elevates starting salaries to a range of $73,000 to $112,000 per year. Lower salaries fall in government or health care administration. A masters degree often requires a substantial financial investment. Oftentimes, MBA degree holders are in greater demand than those holding doctorate degrees in business administration. The MBA also enables the holder to teach business subjects at the community college level. According to the Online Business Degree website, having an MBA degree brings at least a $10,000 per year higher starting salary than a bachelors degree. Quintessential Careers states you may start earning as much as $30,000 more income per year upon graduation.


Doctorate Degree
 
Doctorate degrees include the Doctorate of Philosophy in Organization and Management (PhD) or the Doctorate in Business Administration (DBA). Both degrees enable their holders to teach at the university level. The PhD degree, however, further prepares the candidate to do scholarly research. Starting salaries are $110,000, and experienced professors can make as much as $150,000 per year. DBA degree candidates focus on learning how to apply business theory to the workplace, as opposed to PhDs who focus on theories of business. Because the focus is on management, chief executive officers often get a DBA degree. Salaries start at $140,000 per year and carry with them a nearly unlimited earning potential.

 
References:
 


Resources:


Enhanced by Zemanta

12 comments:

  1. I'm following back!

    Thanks for following me, and joining in on the Tuesday hop!!

    ReplyDelete
  2. Thanks for following, I am following back :)

    What is the link to your FB page? so I can see what you posted.
    http://onemoreflewoverthecuckoo.blogspot.com/

    ReplyDelete
  3. Welcome to Madeline & Rebecca... happy to have you visit my blog.

    Malinda

    ReplyDelete
  4. Thanks so much for stopping by my blog!
    Returning the follow
    --
    Jade
    The Sleppery Mind

    ReplyDelete
  5. Welcome, Jade, I'm glad you found my blog. Enjoy!

    Malinda

    ReplyDelete
  6. This is such an informative and well written post. I'm glad i found you and I am now following you thanks to Mid Week Mingle Blog Hop and it would be so nice if you could share the love back on my blog:)
    And don't forget to check our new Blog Tutorial going on today. It's very easy and it would look amazing on your blog:) See you there!
    Happy Wednesday

    ReplyDelete
  7. Design It Chic,

    Thanks for your kind complement. I'm glad you found the information informative and well-written.

    Malinda

    ReplyDelete
  8. Hmm, you've kind of put me in the frame of mind of returning to school. LOL Really this is quite interesting to see layed out. I will share this info with my son who will be graduating from our homeschool in 2012. He wants to get a BA in Electrical Engineering. I know that's a good career choice.

    I'm returning the gesture and am now following your blog. I'll be sure to link up with you on Twitter, too.

    Have a good day,
    ~Cathy Kennedy, Children's Author
    The Tale of Ole Green Eyes

    Check out…
    Alphabe Thursday post.
    Thursday Blog Hops post.

    ReplyDelete
  9. Cathy,

    Welcome! I know what you mean, I'm sometimes tempted to return for my masters. I have two bachelors degrees in Business Admin & Economics.

    It's exciting to watch your kids graduate from homeschool and move on. My youngest graduated from a lifetime of homeschooling last school year and it has been really strange not teaching school this past year. Both my sons are now working and my daughter is graduating with her bacherlors degree the end of April. She plans to go on for her masters in public policy and PhD in Neuroscience in hopes of someday advocating for our soldiers returning from war with head injuries and post traumatic stress.

    Electrical Engineering should be a great area for your son. Hopefully by the time he finishes his studies the economy will be on better footing. What a mess it is right now!

    Do we have any other homeschool moms out there?

    Malinda

    ReplyDelete
  10. Hi colleagues, pleasant piece of writing and good
    urging commented here, I am really enjoying by these.
    Also visit my web page : requirements for psychology degree

    ReplyDelete
  11. Swift group of college is spreading Education in all streams especially targeting medical and health care industry in all parts of country with start up from Punjab. To improve health sector education, SFRES will work with educational institutions and industry and promote the value of the professional health care and other education to the society. Ind-Swift Ltd is firming up its plans to develop deemed university in Punjab, Swift College is Affiliated to Coventry UK, Bedfordshire U.K, Punjabi University, Patiala, ptu.


    Master in business administration
    B Pharma Courses
    Technical Education In Punjab

    ReplyDelete
  12. I really love reading your blog to learn new things! Thank you so
    much for taking the time to write it!


    degree in business administration

    ReplyDelete

If you have comments about any topic blogged here, please leave your comments. Talk to me!