Your salary will vary depending on the career path you take. Nursing, a major whose starting salary is almost $59,000, was ninth on GlassDoor's list. Texas A&M Career Center - Finance Business majors reside on the lower end of the starting salary spectrum with most salaries ranging much closer to $60,000. Starting Salaries by Academic Major - The Graduate School ... Around the world, more than half of employers planned to bump starting pay rates for new MBA hires, according to GMAC's Corporate Recruiters Survey. Six years after enrolling, alumni who are working have average earnings of $42,200 per year. The starting wages for Art majors differ in whether you are in pursuit of being a teacher or an artist. As of three months post-graduation, our records show 97% (of these actively seeking students) reported a full-time job or graduate school acceptance, with 78% of graduating Kelley seniors having a reported status. As of Dec 16, 2021, the average annual pay for a Bachelor Business Administration in the United States is $58,623 a year. 20 College Majors That Result in the Highest Salaries in 2019 The Finance major involves both required and elective courses in three areas: The area of corporate finance encompasses tools and techniques for valuing productive assets, choosing ways to fund them, and gauging financial success. An early look at salary offers for 2019 college undergraduates . Projected Top-Paid Business Bachelor's, Master's Grads All these degrees see a 90% or higher increase from median starting salary to median mid-career salary. According to PayScale, average starting salaries for business majors with a bachelor's degree in supply chain management exceed $50,000. Due to advances and influence of technology, some popular emerging areas include Information Systems and Operations Management, as well as Marketing and International Business. Average: $63,118. The Most Lucrative Business Majors By Starting Salary Employment and salary statistics. Construction management According to a recent survey, the median starting salary for Georgia Tech students graduating with an undergraduate CS degree is just shy of $101,000. BBA Career Services - McCombs School of Business Average Salary For International Business Major Jobs. Within this discipline, the majors with the highest average starting salary projections were economics ($65,100, up 7.8 percent), political science/international relations ($58,270, up 6.1 percent . As finance departments move from a reporting-focused function to a more analytics-centric one, firms need experienced business analysts to make sense of data and offer sound strategic recommendations. However, one of the hardest business majors is thought to be Accounting. Marketing coordinator National average salary: $44,374 per year Average Starting + Current Salaries by Major. Starting Salary Range. Here is the next expected major, though many current and former students recommend getting your MBA for this major to have the most impact over the long haul. Some factors include population density, cost of living, and demand for the occupation. This was the third-highest starting salary among various types of business majors within that year. In 2019, the National Association of Colleges and Employers (NACE) reported that the average starting salary for finance majors was $58,464 (www.naceweb.org). Of the 25 majors with the highest starting salaries, 21 are engineering-focused. Starting Salaries by Academic Major National Association of Colleges and Employers (NACE) Master's Degree/Starting Salaries by Academic Major. As with almost all careers, the higher degree you hold, the higher your salary: A bachelor's degree in business administration can add $2,000 to $5,000 or more per year in earning potential, while an MBA, Master's in International Management (MIM), or Master's in International Business (MIB) can add yet another $7,000 to $11,000, though many . In absolute terms, the majors that saw the highest median mid-career salaries were all along the engineering spectrum: chemical engineering, computer engineering, electrical engineering, and aerospace engineering all came in above $100,000. Engineering and computer science degrees offer 2018 graduates the highest average starting salaries - as was the case for the class of 2017 . Of Missouri's public universities, Mizzou grants 25 percent of all bachelor's degrees, 26 percent of master's degrees, 39 percent of first-professional degrees and 63 percent of doctoral degrees. The median salary of a Singaporean is $4,534, what about the salary that you should be getting and . (b) Use this model to predict the starting salary for a business major with a GPA of 3.0. At many of the best colleges, starting salaries for business majors in 2018 broke records, vastly exceeding the $50,390 average for all college grads. At the master's level, average starting salaries are just shy of $70,000. What is an engineering degree worth? For business managers with only a bachelor's, CBS reported that the average salary was $62,723, but for the same professional with an MBA, the salary was $80,439, a big 22% difference. Of the 1,949 Kelley seniors who graduated between July 2020 and June 2021, 1,446 reported they were actively seeking. Starting Salary: $46,500. Meanwhile, a marketing director with a four year degree earned a salary of $79,100, and for a master's degree, the salary was $98,800. Nursing, a major whose starting salary is almost $59,000, was ninth on GlassDoor's list. Electrical Engineering. Fresh university graduates have been reported to earn a higher starting pay as compared to their seniors, ranging from S$4,000 to S$5,000 a month in business and computing areas. It indicates the ability to send an email. Doctoral Degree/Starting Salaries by Academic Major. Management information systems (MIS) majors were the top-paid Class of 2015 business graduates at the bachelor's degree level, according to results of NACE's Class of 2015 First-Destination Survey. 2015-07-28T15:52:00Z The letter F. An envelope. Average starting salary: £29,000. A bachelor's degree in business is a good investment in your future. Just in case you need a simple salary calculator, that works out to be approximately $28.18 an hour. Another salary survey from NACE, from 2015, showed that the median salary for undergraduate business majors, in the US, is about $50,000. : *Canfield Business Honors Program (CBHP) students are allowed to have a double major in business: one in Honors and one in another business discipline. Supply Chain Management. Upon graduating with a bachelor's degree, international business majors make an average salary of $58,500. Those who become teachers make more on average than craft artists. STEM (science, technology, engineering, and mathematics), health, and business majors are the highest paying, leading to average annual wages of $37,000 or more at the entry level and an average of $65,000 . Do Business Majors Make More than Engineers? PayScale determines starting . $60,000. (a) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. Salary by Major. Among Class of 2017 master's degree graduates, marketing majors are expected to earn $86,318. Computer Science. According to a recent report from the National Association of Colleges and Employers, the average starting salary for the college Class of 2020 was $55,260 — 2.5% higher than that of the Class . This is the equivalent of $1,127/week or $4,885/month. The good news is your starting pay will be just under $50k a year, and with experience you can expect that number to jump about 30k at the midpoint of your career. The KU School of Business collects employment data annually from our graduating students. % of Reports *: 5.25%. Other projected top-earning business majors at the master's level include business administration/management ($81,685) and management information systems ($75,433) majors. In fact, graduates of the top ten undergraduate business schools easily made 50% more in first-year pay right out of school than the college grad average. Large differences in starting salary by major held for both men and women. The base starting salary for business school graduates in the U.S. hit $105,000 in 2020, according to an annual survey by the Graduate Management Admissions Council (GMAC). 3. While salary can vary greatly based on a number of factors, including job title, employer, and years of experience, there are data on salaries for economics majors. The University of Missouri educates the state's workforce. $58,303. To help students make informed decisions, the National Association of Colleges and Employers (NACE) tracks the average starting salaries of graduates from a variety of majors. For the most up-to-date information from Indeed, please check Indeed Salaries. Here are some of the most common jobs and average salaries for business majors. From 2014 to 2024, the U.S. Bureau of Labor Statistics expects jobs in nursing to grow 16%, significantly . Based on 2011 Salary data, the best college degrees by highest starting salary are dominated by engineering and energy related industries, but don't choose your major based on 1 year's starting salary. Published by M. Szmigiera , Dec 8, 2021. At $52,438, the average salary for International Business majors in the Hospitality industry is lower than other industries. Academic Major Mean 25th Percentile 75th Percentile; AGRICULTURE: $49,055: $41,600: $57,000: Agriculture Business and Management: $46,993: $36,480: $57,000 . The survey occurred prior to the onset of the global COVID-19 . Looking at post-graduate and doctorate students, those completing the Law (First Professional Degree) program rank first with a median initial income of $151,500 followed by Business Administration, Management and Operations (Master's Degree) at $148,100 and Business/Commerce (Master's Degree) who earn $107,600 . 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