What Can You Expect to Earn As a Business Administration Salary?
Many people start college with a business major but don’t know what to expect to make in a business administration salary. Because the duties vary greatly in the general field of business administration, it is tough to pinpoint exactly what you will earn, but national statistics can give you a starting point.
Straight out of college, the chances of landing a top business administrative position are so slight that you shouldn’t expect to jump in there, so realistically you are looking at some sort of assistant position.
Statistics from the National Labor Board for those positions put the salary range between $23,000 and $43,000 per year, with the median income being $29,050.
Much of this also depends on your location. Obviously someone in a large metropolitan area would be making more than someone in a rural location, generally speaking.
However, once you have some experience and education under your belt, the salary possibilities become much more lucrative. For a general and operations manager, the business administration salary median income is $91,570, with the middle 50% ranging from $62,000 to $137,000. The wide range also depends on industry with the higher salaries in the computer and technical areas.
Generally speaking, these positions require a master’s or even a doctoral degree. Doctoral degrees are more common if you are working in a government or educational sector.
Statistics have shown that choosing a career in business administration is a sensible decision because there will always be a need for people who can fulfill those positions. With the business administration salary beginning in the mid $20s, there will always be appeal for young people looking for a stable and rewarding career. The realistic possibilities of advancement and pay increases make the decision a sound choice.