A business major can open up a lot of doors. It can lead to careers in many industries, from finance and accounting to management and marketing. And while there are many business majors, some are more popular—and more lucrative—than others. In this article, however, we outline 13+ business majors with a higher Salary and projected growth alongside college, international, and highest-paying majors.
13+ Best Business Majors With Higher Salary & Projected Growth
Are you looking for business majors with a higher salary, college, international, or highest-paying majors? Look no further!
There are many business degrees to choose from if you want to pursue a business career. However, not all business majors are created equal; some are more likely to lead to higher salaries and projected job growth than others. Here are 13+ best business majors you can choose from, based on salary and job growth potential:
#1. Accounting
Accounting is one of the best business majors in terms of salary and projected growth. The average salary for an accountant is $67,000, and the projected growth for the profession is 8%. This makes accounting one of the best majors for those looking to enter the business world and earn a good salary.
In addition, employers highly desire the skills learned in an accounting program. So, if you are looking for a major that will give you a good salary and projected growth, then accounting is a great option.
#2. Finance
Finance is also among the best business majors you can pursue with a higher salary and projected growth. It provides the skills and knowledge necessary to become a financial analyst, financial manager, or investment banker.
Furthermore, finance is a versatile degree that can lead to different career paths. With a finance degree, you can work in many industries, including banking, accounting, and financial planning.
#3. Information System
Information system is a great choice for those interested in business and technology. You’ll learn how to use technology to solve business problems and improve business processes.
Meanwhile, an information system major is another business major and you can earn an average starting salary of $66,600. Additionally, the job market for Information systems will grow by 21% over the next ten years.
#4. Economics
An economics major can lead to a career in many fields, including finance, government, and consulting. Hence, the median annual salary for economists is $84,460, and the job outlook will grow by 3% between 2019 and 2029.
#5. Marketing
A degree in marketing can lead to a career in advertising, sales, or market research. The median annual salary for marketing professionals is $127,560, and the job outlook grows every day.
#6. Human Resources Management
A major in human resources management is one of the best business majors for those looking for a high-paying career. Human resources managers plan, direct, and coordinate the administrative functions of an organization.
They oversee the recruitment, interviewing, and hiring of new staff, and also handle employee relations, benefits, and training. Additionally, their salary is about $104,440.
#7. International Business
A degree in international business is another best choice. With an international business major, you learn about the global marketplace and how to conduct business across borders. You’ll also develop skills in cross-cultural communication and international marketing. The median salary for international business professionals is $108,700.
#8. Operations Management
Operations management is another excellent choice for people looking for a high-paying career. People in this field plan, direct, and coordinate the operations of an organization. They oversee the production of goods and services and ensure quality standards are met. Their salary is $100,410 and above.
#9. Project Management
Project management is a great business major for those who want to earn a high salary and have projected job growth. The median salary for a project manager is $85,000, and the job outlook is good.
Project management is a challenging and rewarding career. If you want to manage resources to complete a goal, then project management is for you. With a high salary and job growth, project management is a great business major to consider.
#10. Supply Chain Management
Supply chain management is one of the best business majors because it offers a higher salary and career growth. It is a complex field that involves the coordination and information of the resources between different parts of a company to create a product or service.
This major trains students to manage these complex processes and improve a company’s efficiency. The average salary for a supply chain manager is $85,000. In addition, you’ll learn about topics such as inventory management, transportation, and logistics.
#11. Entrepreneurship
With the ever-changing business, those with an entrepreneurial spirit and the ability to think outside the box will be in high demand. Entrepreneurship majors learn how to start and grow their businesses, as well as how to identify new business opportunities.
#12. Business Analytics
Data is becoming increasingly important in the business world, and those with the skills to analyze and interpret it will be in high demand. Business analytics majors teach how to use data to improve business performance, make better decisions, and create strategic plans.
#13. Real Estate
Today, real estate is booming, and those with the knowledge and skills to navigate it will be in high demand. Real estate majors learn about property development principles, investment, and management. They also gain an understanding of the legal and financial aspects of the industry.
#14. E-commerce
With the increasing popularity of online shopping, those with the skills to create and manage successful e-commerce businesses will be in high demand. E-commerce majors learn how to build and maintain an online store, and market and sell products and services online.
#15. Investments and Securities
Another one of the best business majors with a higher salary and projected growth is investments and securities. The securities industry is expected to grow by 6% in the next decade. This is because of increasing global markets and the need for more sophisticated financial products.
Can You Study Business Majors At College?
You can study many business majors at the college level. Some popular colleges include Harvard, Stanford, MIT, Wharton School of Business, etc. These colleges offer numerous business majors, from accounting and finance to marketing and management.
These degrees often take coursework in economics and business law. Many also complete an internship or cooperative education experience before graduation. Hence, business degrees will help you learn valuable skills. These skills include critical thinking, problem-solving, and communication.
How Do I Get International Business Majors?
There are many ways to get international business majors. One way is to attend a brick-and-mortar college or university that offers the program. This option requires you to physically be on campus to attend classes and participate in other activities. Meanwhile, many prominent colleges and universities have programs that offer international business majors.
Another way to get an international business degree is through an online program. You can find many online colleges and universities that offer international business majors. These programs are more flexible and offer scheduling options than traditional brick-and-mortar colleges and universities.
Do Business Majors Make Money?
Yes, business majors can make money and have opportunities for career advancement.
Business Majors Salary
The median salary for business majors is $67,000, and the top 10% of earners make an average of $120,000. The most common industries are finance, consulting, and accounting, while the most common job titles are financial analyst, management consultant, and accountant.
However, the highest-paid business majors are those in investment banking. Investment bankers typically make an average of $85,000 out of college and upwards of $1 million with experience.
Additionally, other high-paying industries for business degrees include private equity, venture capital, and hedge fund management. The most common job titles are investment banker, private equity analyst, and venture capital associate.
What Are The Highest Paying Business Majors?
Many business majors can lead to high-paying careers. Some of the highest-paying business majors are finance, accounting, marketing, management, information systems, and supply chain management. Hence, these majors typically require a four-year degree from an accredited university.
What Are The Pros Of Majoring In Business?
There are several advantages to pursuing a business degree, and below are some of them:
- First, a business degree can give you the skills and knowledge you need to be successful in many careers. You’ll learn about financial analysis, marketing, and management, which you can apply to many industries.
- And lastly, it can allow you to start your business. If you have an entrepreneurial spirit, a business degree can help you turn your ideas into a reality. You’ll learn about business planning, funding, and marketing.
What Are The Cons Of Majoring In Business?
There are a few potential downsides to majoring in business.
- First, the job market for business majors can be quite competitive, and it can be difficult to stand out.
- Secondly, the majors tend to be quite specialized, making it hard to transition to a different field if you don’t like a business again.
- Finally, the business coursework can be quite challenging. For instance, if you’re not naturally good at math and accounting, it can be hard to keep up with your grades
Are Business Majors Worth It?
It depends on the individual’s career goals and the business degree they are interested in. Generally speaking, business majors are more employable than other academic disciplines. They also offer more opportunities for career growth and advancement.
Do Business Majors Need A Good GPA?
GPA requirements for business majors vary on the specific business school you attend. Most business schools generally require a minimum GPA of 3.0 or higher. However, your GPA is not the only factor that business programs will consider.
They will also check your work experience, extracurricular activities, and letters of recommendation. So, if you have a lower GPA, you may get into a business program if you have strong marks in other areas.
Is Business Major A Hard Major?
A business major is not hard, but it can be a demanding and rewarding field of study. If you put in the hard work, you’ll find success in the business world.
What Are Some Of The Business Majors?
Some business majors include accounting, business administration, marketing, and finance.
What Is The Best Type Of Business To Major In?
The best type of business to major in is the one in high demand and has a bright future. However, there are many types to major in, and the best depends on your goals and interests.
Final Thoughts
The business world is evolving, so choose a business major to keep you ahead. Following this, the above 13+ business majors are the best choices if you want to pursue a business career. Moreover, these degrees will give you the skills to succeed in the business world, and they come with a high salary and great job prospects. So if you’re looking for a challenging and rewarding career, consider one of these business majors.
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