2022 Business Administration Degree Salary

2022 business administration degree salary

2022 Business Administration Degree Salary. Business administration encompasses a variety of occupations requiring the management and operational abilities essential to operate a business. Thus, business administrators can be found in a variety of companies and industries, earning a range of wages.

Due to the breadth of the BLS category for business and financial operations, here are some BLS salaries for certain jobs.

The desirability of the compensation associated with a business administration degree makes it one of the most desirable careers in the world.

According to Wealthy Gorilla, a Marketing Manager position that requires a bachelor’s degree in business administration is the nineteenth best paid position in the world. It generates an annual income of $145,620 on average. In addition, there is the benefit that it is a rising career field.Diverse Modern Office: Businessman Leads Business Meeting with Managers, Talks, uses Presentation TV with Statistics, Infographics. Digital Entrepreneurs Work on e-Commerce Project. Diverse Modern Office: Businessman Leads Business Meeting with Managers, Talks, uses Presentation TV with Statistics, Infographics. Digital Entrepreneurs Work on e-Commerce Project. business administration stock pictures, royalty-free photos & images

According to allbusinessschools.com, bachelor’s degree holders have an increased earning potential of $2,000 to $5,000 each year. MBAs can increase salary by $7000 to $11,000. If you are interested in the possibility of pursuing a career in business management, you will need to study more about business management degrees.

A degree in business administration prepares students to manage the business aspects of organizations. In addition to managing day-to-day operations, business administrators establish objectives and devise plans to achieve them.

They may represent the company in meetings with clients and regulators and collaborate with other organizational units. Even at the entry level, the average business degree wage indicates the importance of business and financial abilities in the majority of firms.

Here is a breakdown of salaries received by those with a degree in business administration.

Bachelor of Business Administration Degree Salary

Business Administration Degree SalaryGender stereotype - Female leadership in a small business meeting Gender stereotype - Female leadership in a small business meeting business administration stock pictures, royalty-free photos & images

Bachelor of Business Administration is the bachelor’s degree required to begin a career in business administration.

This degree demonstrates that you have completed the prerequisite coursework and training and that you are prepared to launch a career in business administration.

The advantage of a career in business administration is that entry-level employees can still earn much more than their peers in other fields.

The average annual compensation for a BBA holder is $58,623, which is higher than the average wage for all workers.

According to research conducted by Zip Recruiter, the average compensation for a business administration position requiring a BBA is $120,250. This number represents only 1% of the available positions.

However, the incomes paid to business managers with a variety of responsibilities are still appealing and sufficient to support a person.

Approximately 8% of business administration positions pay between $21,500 and $30,499 annually. Another 21% pay between $30,500 and $39,499 annually.

While the income offered by 29% of employers may be attractive to BBA graduates just beginning their careers, it is not so for those who have been in the workforce for a while. Due to the aforementioned reason, 27% and 14% of employers offer compensation ranges of $39,500 to 48,499 and $48,500 to $57,499, respectively.

Master of Business Administration Degree Salary

Business Administration Degree SalaryYoung confident successful business people discuss and analyze work, statistics, plans, startup in a meeting room. Teamwork. Presentation. Young confident successful business people discuss and analyze work, statistics, plans, startup in a meeting room. Teamwork. Presentation. business administration stock pictures, royalty-free photos & images

However at a time, you will want to earn more money or see a large increase in your wage. An MBA is one of the surest methods to do this.

MBA degrees are awarded in a variety of fields, and selecting the appropriate one will certainly provide the desired boost.

For instance, if you are already working with people and have a true interest in the field, an MBA in human resources is the best option for you. Also, if you are interested in technology, an MBA in information technology will be great.

MBA schools are expensive, therefore many of their graduates enter the workforce expecting a high wage. Fortunately, their expectations are fulfilled.

UpGrad reports that the average salary for an MBA graduate in the United States is $90,073. This is derived from a coalition of jobs that require an MBA.

MBA graduates’ salaries vary depending on the company, state, and type of employment. Others might not be on the correct side of $100,000.

Below is a list of the top five organizations and the salary levels they offer MBA graduates.

Noteworthy is the fact that incomes below $30,500 and beyond $66,499 are not typical. The remaining 24% are compensated between $66,500 and $120,500.

  • Apple($130,000 per year)
  • The Boeing Company($64,000-$167,000 per year)
  • IBM($62,363-$100,943 per year)
  • Microsoft($117,130 per year)
  • JP Morgan Chase and Co($59,000-$196,000)

There are also substantial differences in the earnings of MBA graduates among states in the United States. According to ZipRecruiter, the incomes of MBA graduates in several U.S. states are presented below.

MBA Graduates’ Average Pay  in the United States

Business Administration Degree SalaryDiverse corporate team working together in modern meeting room office. Senior female ceo and multicultural business people discussing company presentation at boardroom table. Diverse corporate team working together in modern meeting room office. Top view through glass business administration stock pictures, royalty-free photos & images

State Annual Salary Hourly Wage
Washington $95,694 $46.01
New York $89,875 $43.21
New Hampshire $87,018 $41.84
California $85,331 $41.02
Vermont $82,138 $39.49
Massachusetts $81,956 $39.40
Wyoming $80,341 $38.63
Idaho $80,301 $38.61
Hawaii $79,499 $38.22
Maine $79,027 $37.99
West Virginia $78,103 $37.55
Texas $77,877 $37.44
Connecticut $77,461 $37.24
Pennsylvania $76,781 $36.91
Rhode Island $76,234 $36.65
Montana $76,107 $36.59
New Jersey $75,915 $36.50
Alaska $75,696 $36.39
Maryland $75,360 $36.23
Arizona $75,324 $36.21
North Dakota $75,143 $36.13
Nevada $75,101 $36.11
Indiana $74,841 $35.98
Nebraska $74,157 $35.65
Minnesota $73,712 $35.44
Tennessee $73,682 $35.42
Wisconsin $73,455 $35.31
Virginia $73,185 $35.19
Ohio $73,148 $35.17
South Dakota $72,948 $35.07
Georgia $72,663 $34.93
Utah $72,139 $34.68
Oregon $71,841 $34.54
Louisiana $71,486 $34.37
Alabama $70,964 $34.12
Kansas $70,794 $34.04
South Carolina $70,793 $34.04
Colorado $70,542 $33.91
Delaware $70,430 $33.86
Iowa $70,298 $33.80
Missouri $70,057 $33.68
New Mexico $69,799 $33.56
Oklahoma $68,923 $33.14
Florida $68,485 $32.93
Kentucky $67,463 $32.43
Mississippi $66,324 $31.89
Arkansas $66,247 $31.85
Michigan $66,197 $31.83
Illinois $65,887 $31.68
North Carolina $60,326 $29.00

What are Top 10 Highest Paying Cities for Bachelor Business Administration Jobs

Business Administration Degree SalaryMillennial black businesswoman addressing colleagues at a corporate business meeting, close up Millennial black businesswoman addressing colleagues at a corporate business meeting, close up business administration stock pictures, royalty-free photos & images

We have selected ten places where the average Bachelor of Business Administration salary exceeds the national average. At the top of the list is Green River, Wyoming, followed by Atkinson, Nebraska and Santa Clara, California. Santa Clara, California is higher than the national average by $12,113 (20.2%), and Green River, Wyoming is even higher by $16,254 (27.1%).

In light of the fact that the average incomes in these ten cities are greater than the national average, shifting locations as a Bachelor of Business Administration graduate appears to be extremely advantageous.

Green River, Wyoming, and Marysville, Washington, have only an 11% difference in average earnings, highlighting the little opportunity for significant wage growth. Considering location and compensation for a Bachelor of Business Administration position, the likelihood of a cheaper cost of living may be the most important element.

City Annual Salary Monthly Pay Weekly Pay Hourly Wage
Green River, WY $76,335 $6,361 $1,467 $36.70
Atkinson, NE $74,529 $6,210 $1,433 $35.83
Santa Clara, CA $72,194 $6,016 $1,388 $34.71
San Francisco, CA $70,175 $5,847 $1,349 $33.74
Washington, DC $69,966 $5,830 $1,345 $33.64
Bolinas, CA $69,779 $5,814 $1,341 $33.55
Los Angeles, CA $68,947 $5,745 $1,325 $33.15
Kensington, NY $68,729 $5,727 $1,321 $33.04
Brownsboro, TX $67,864 $5,655 $1,305 $32.63
Marysville, WA $67,823 $5,651 $1,304 $32.61

 

Entry-Level Business Administration Degree Salary

Business Administration Degree SalaryCompany management on a meeting Multi-ethnic group of business persons discussing business business administration stock pictures, royalty-free photos & images

Students leave school with the goal to begin earning a decent wage. The expectations of BBA grads are higher than those of the ordinary graduate.

The salaries offered to them reflect the significance of business and finance to the population at large.

Be it a financial analyst, human resources manager, or accountant, the relevance of a Bachelor of Business Administration degree cannot be overstated.

Their virtual presence in nearly every system in the globe allows BBA graduates to earn an average of $48,395 per year upon graduation. A favorable return on investment.

There are lesser salaries, but none fall below $30,000. As of 2019, the lowest-paying positions paid at least $31,460 per year. This accounts for roughly 10% of jobs.

Another 10% of occupations exist, however this group is responsible for paying higher wages. These positions pay more than $78,966 per year to BBA grads fresh out of school.

BBA graduates will always have access to a competitive income, regardless of the perspective taken.

Master of Business Administration Degree Salary Entry LevelIn union there is strength Candid image of a business woman explaining issues to her staffhttp://195.154.178.81/DATA/istock_collage/1200103/shoots/784724.jpg business administration stock pictures, royalty-free photos & images

Get an MBA if you want to increase your compensation in a business administration position.

MBA programs are expensive and demand a substantial financial investment, yet they are ultimately worthwhile.

The vast difference between your typical pay and what you may possibly make as an MBA graduate, even at an entry-level position, demonstrates how worthwhile this investment is.

The median salary for a newly-minted MBA is between $70,000 and $80,000 per year.

Industry and business school attended play a significant effect in determining an MBA graduate’s income. Higher-ranked institutions earn an average of $161,566, but lower-ranked institutions still earn a solid $58,390.

Business Degree Administration Salary Per Hour

Bachelor of Business Administration Salary Per HourConfident African male leader telling diverse colleagues about new project Confident African male leader standing telling diverse colleagues about new project, boss lead briefing for different age workgroup team employees in office. Sharing information and leadership concept business administration stock pictures, royalty-free photos & images

This section would not be a waste of time if you are interested in the minute aspects that comprise the annual pay of a BBA graduate.

As previously established, the average hourly wage of BBA graduates is determined by the industry. For instance, a BBA graduate working as an Administrative Assistant can make an hourly wage of $17, whereas a BBA graduate working as an Accountant can earn an hourly wage of $22.

The average hourly wage of a BBA graduate in the United States is $19.

To provide a further breakdown of what BBA graduates make in various jobs, we have compiled a list of BBA-eligible occupations and their PayScale-estimated average wages.

Administrative Assistant Range:$13 – $23 Average:$17
Office Manager Range:$14 – $27 Average:$19
Staff Accountant Range:$16 – $27 Average:$21
Accountant Range:$16 – $30 Average:$22
Human Resources (HR) Coordinator Range:$16 – $25 Average:$20
Human Resources (HR) Generalist Range:$17 – $28 Average:$22
Marketing Coordinator Range:$14 – $25 Average:$19
Human Resources (HR) Assistant Range:$13 – $22 Average:$17
Customer Service Representative (CSR) Range:$12 – $22 Average:$16
Executive Assistant Range:$15 – $33 Average:$22
Human Resources (HR) Specialist Range:$16 – $27 Average:$20
Bookkeeper Range:$13 – $25 Average:$18
Accounts Payable Specialist Range:$15 – $24 Average:$19
Operations Manager Range:$14 – $31 Average:$21

 

Master of Business Management Hourly Salary

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The median hourly wage of MBA graduates is $24.77.

It is an upgrade over the current options for BBA holders. This demonstrates the better negotiating leverage MBA grads possess.

How much do business administrators make in different industries?

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Here are some examples of how much a business administrator salaries can based on different industries:

  • The average income for business administrators in the financial industry is $94,040.
  • The technology sector pays $89,000
  • The government is the lowest-paying industry for business administrators. In this industry, business administrators make an average pay of $54,116 per year.

FAQs About Business Administration Degree Salary

Which state offers the highest salary for Business Administrators?

Washington pays Business Administrators the highest average compensation in the United States, which is $98,220 per year, or $47.22 per hour.

How can I know if my compensation as a Business Administrator is fair?

If your compensation as a Business Administrator is similar to the average for your state, you are getting compensated properly. If you reside in Alaska, for instance, you should get compensated close to $95,909 every year.

Which type of Business Administrator earns the highest salary?

Senior Administrator is the highest paid position. The median Senior Administrator pay was $103,102. The highest-paid 10% get $123,000, while the lowest-paid 10% earn $86,000.

What type of business degree is best?

Master of business administration

Strong leaders are essential in the business world. The perfect degree for anyone interested in acquiring strong leadership skills and getting top leader jobs is an MBA (master of business administration).

Is a business administration degree hard?

In general, a business degree is not hard. However, your course load may be heavy, which I’ll discuss further in a moment. And some courses will be harder for some than others. But the depth of study in each area is not as great as it would be for a specialized Business Major.

Do business majors make money?

According to PayScale, these are the average earnings in the United States: Average salary with an Associate Business degree: 51,000 USD/year. Average salary with a Bachelor’s degree in Business: 64,000 USD/year. Average salary with a Master’s degree in Business: 83,500 USD/year.

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