5 Big-Money Roles in Business Management and Administration
If you’re an experienced professional with a bachelor’s degree, you might want to pursue a career in business management and administration. Not only are the job options interesting and diverse, but many management careers pay over $100,000 annually.
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Here are five high-paying career options with recent salary and employment prospect data from the U.S. Bureau of Labor Statistics.
1. Chief Executive Officer (CEO)
Average annual salary (2023): $258,900
Expected employment change (2022-2032): -8%
If your ideal career involves guiding a company’s future from the top, then a CEO role might be the right fit. Featuring the highest average pay on this list, this job demands past management experience, diverse business skills and often a relevant bachelor’s or master’s degree.
You can find a CEO role for an existing business. However, starting your own firm might be more appealing, especially since existing companies are expected to reduce top management roles.
2. Computer and Information Systems Manager
Average annual salary (2023): $180,720
Expected employment change (2022-2032): 15%
A computer and information systems management job offers both high pay and rapid employment growth. It’s an ideal role if you have a technical degree and experience as a software developer, network administrator, security analyst or other technology professional.
Positions vary, but some general duties include picking technology solutions, running teams and determining policies.
3. Financial Manager
Average annual salary (2023): $174,820
Expected job growth (2022-2032): 16%
As the fastest-growing option on this list, the financial management field includes titles such as treasurer, controller, credit manager and risk manager. A financial manager role can be fulfilling if you like working with financial statements, making budgets, analyzing options and overseeing financial professionals.
A business-related degree and prior finance or accounting experience are common requirements. Being a Certified Public Accountant or Chartered Financial Analyst can provide an advantage.
4. Architectural and Engineering Manager
Average annual salary (2023): $172,290
Expected job growth (2022-2032): 4%
Architectural and engineering manager jobs allow you to leverage your industry expertise and leadership knowledge to plan and lead the work of other architectural and engineering staff and ensure quality results. This high-paying career choice requires at least an engineering or architecture-related bachelor’s degree. You might need a master’s in general business administration or engineering management as well.
5. Marketing Manager
Average annual salary (2023): $166,410
Expected job growth (2022-2032): 7%
You might consider a marketing manager career if you have a knack for understanding what customers want and how to plan campaigns and materials that drive them to try the company’s products and services. This six-figure career demands strong communication skills and creativity.
Employers often require a related bachelor’s degree and marketing or advertising experience as well.
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This article originally appeared on GOBankingRates.com: 5 Big-Money Roles in Business Management and Administration
