Business Administration Salary Information
Occupations related to successfully operating a business require a degree in business administration. These types of studies cover business topics such as administration, management, human resources and financials and give graduates a strong understanding of many aspects of business operations. Those who studied business administration can pursue a variety of careers.
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Statistics
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In January 2010, PayScale reported average salaries from professionals who obtain an associate, bachelor's, or master's degree in business administration. Approximately 12,617 people working in a variety of occupations participated in its salary survey.
Associate Degree
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An associate degree in business administration is a two-year degree. Most of those who obtain this education move into careers such as administrative assistant and manager, retail store manager and human resource careers. Administrative and executive assistants earn average salaries ranging from $28,442 to $46,255 per year. Office and administrative managers earn average salaries ranging from $33,595 to $57,931 per year. Retail store managers earn average salaries ranging from $35,976 to $47,640 per year, and human resource managers earn average salaries ranging from $40,593 to $62,878 per year.
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Bachelor's Degree
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A bachelor's degree in business administration is a four-year degree. Like those who obtain an associate degree, those who receive a bachelor's degree move into careers such as retail store managers and human resource managers. Salaries for these careers are often higher with a bachelor's degree. Other careers include financial and accounting occupations and operations management. Operations and general managers earn average salaries ranging from $42,746 to $81,176 per year. Staff accountants earn average salaries ranging from $39,000 to $51,437 per year, and senior accountants earn average salaries ranging from $50,031 to $63,318 per year.
Master's Degree (MBA)
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An MBA can be obtained by almost anyone who has a bachelor's degree. Many professionals pursue an MBA after receiving a bachelor's degree in other disciplines such as engineering, technology and science. Of those reporting their wages who obtained an MBA, many advance their careers into management and top executive positions. Financial controllers earn average salaries ranging from $67,914 to $102,526 per year, and chief financial officers (CFO) earn average salaries ranging from $96,131 to $168,508 per year. Information technology project managers earn average salaries ranging from $75,784 to $103,263 per year. Chief executive officers, the top executives of organizations, earn average salaries ranging from $105,751 to $207,186 per year.
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