Alongside a high pay rate, another perk of this role is travel, which is often required for employees at higher levels. Individuals in this position usually come from a lower-level sales background and are in charge of overseeing the sales team in their organization, as well as its various sales initiatives and processes. Most high-level sales managers graduate from an MBA program, most commonly with a concentration in marketing. Growth by 2028: 5 percent ( average rate) Marketing managers are known for working on the promotion of an organization, its products, and its services. Growth by 2028 : 8 percent ( faster than average)Īlthough some debate whether or not the best route for a high-level career in marketing is an MBA or a direct master’s in marketing, it is clear that the high salary associated with this role is directly correlated with obtaining an advanced degree.
Top paying jobs for business majors full#
Although an entry-level role in this field can be obtained with a bachelor’s degree, to reach the full career potential, employees must obtain an MBA, most commonly with a concentration in technology. The main responsibilities of IT managers include planning, coordinating, and directing online or computer-based work for an organization. News’s ‘Best Paying Jobs of 2020’ report, this is the second highest-paying non-medical role that is attainable with a graduate degree. Growth by 2028 : 11 percent ( faster than average)Īccording to U.S. Top careers for MBA graduates include: IT Manager The annual median starting salary for MBA graduates is $115,000, making the pursuit of an MBA a natural choice for those looking to advance in a variety of business-related fields. (If you have any questions about the programs listed below, contact a graduate admissions coach for more information.) The Top 8 Highest-Paying Master’s Degrees Master of Business Administration (MBA)Ī master’s degree in business administration takes the coveted first spot on the list of the top eight highest-paying master’s degrees, primarily due to the broad array of concentrations and high-paying careers that recipients of this degree go on to pursue. By analyzing the degrees that correlate with the highest-paying careers, alongside data on salary and projected job growth, we’ve established a list of the eight master’s degrees with the highest salary potential in America. As an educational institution, we’ve decided to break the data down even further. Many available resources list the highest-paying jobs in the country or an individual industry. Overall, however, differences in salary between those with a bachelor’s degree and those with a master’s degree are significant enough to inspire many to continue their education. For example, a teacher with a master’s degree in education may still make less than an engineer or architect with just a bachelor’s degree. There are some cases (as emphasized in the study) where this is not true. According to a recent study, graduates of advanced degree programs earn up to 28 percent more than those with just a bachelor’s degree. These financial benefits can be the deciding factor for prospective students, and with good reason. Other professionals pursue an advanced degree for the financial incentive, whether it be a higher-paying role in their current field or a new career in a more lucrative industry. Others want to change careers or industries altogether and enroll in a program to get the educational expertise they need to make the switch.
Some are hoping it will give them the skills and experiences needed to advance in their field. People choose to pursue graduate degrees for many reasons.
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