Many business careers have six or six-figure salaries requiring the highest paying business degrees.
A ton of business and related jobs earn more than double the median annual salaries for all occupations.
However, you will need a solid education and an in-demand degree to get them.
More so, some of these highest paying jobs call for an undergraduate degree, while others need more advanced study.
Depending on the job you want to do, you may need a broad or specialized education to achieve it.
You may have to major in a field related to business or a subject that seems less directly involved with the business world if you wish to work in the business world.
If you are wondering what highest-paying business degrees you should obtain, we have some recommendations for you in this article.
15 Highest Paying Business Degrees For You
Here are recommended list of highest paying business degrees.
1. Master of Business Administration
The Master of Business Administration (MBA) degree is the pathway for business professionals who want to advance into high-paying roles.
However, the MBA is a graduate degree that includes core courses in a broad range of business subjects, as the U.S. News & World Report, reported.
This MBA program takes two years of full-time graduate study to complete.
Meanwhile, many schools offer part-time and accelerated study options in their online and on-campus programs.
Some of the popular courses include;
- supply chain management
- international business
- computer information systems
You can hold plenty of roles with your MBA in Business Administration.
Though the degree alone won’t help you get to senior positions, you will also need a great deal of experience and leadership abilities to inspire confidence in companies and employees.
You can earn median salaries of $189,600, and $83,610 working as a Management Analyst.
2. Master’s in Industrial Organizational Psychology
According to the American Psychological Association, Industrial-organizational psychology focuses on how humans behave in the workplace and other organizations.
An industrial-organizational psychologist applies their knowledge of human behaviour to the workplace setting.
Also, they help businesses find ways to improve productivity and workplace culture and resolve management and employee performance problems by implementing psychological principles and practices.
You could pursue a master’s degree in industrial-organizational psychology even if you didn’t take psychology as an undergraduate student.
However, you must complete certain prerequisites, such as introductory and experimental psychology coursework such as:
- human resources
- business and management
- organizational development
- personnel selection
- training in organizations, work motivation and attitudes
- leadership and strategic change
- performance measurement
More so, some form of fieldwork may be required. A typical master’s degree program in industrial-organizational psychology can be completed in one and a half to three years,
Industrial-organizational psychology is among the best highest paying business degree with a median salary of $80,370 and a 90th percentile wage of $132,070.
3. Bachelor’s or Master’s in Operations Research
Operations research is a math-heavy degree program best for students with strong analytical and mathematics skills.
According to the BLS, an undergraduate degree in operations research or a similar program is sufficient to attain some entry-level roles in the field.
However, there are some jobs you won’t be able to get unless you have a master’s degree or a Ph.D.
Core courses such as calculus, statistics and linear algebra are essential to success in operations research.
More so, you will be able to apply quantitative, statistical and analytical methods to data to develop the solutions to real problems facing businesses and organizations.
With a degree in operations research or a similar educational path, you can pursue an operations research analyst career having a high median salary of $84,810
4. Bachelor’s in Management Information Systems
One of the highest-paying business degrees in the world revolves around technology.
A computer science or information science degree can help prepare students for technical roles.
Meanwhile, these play an important part in the success of modern businesses and put you in profitable positions in the business world;
However, you must develop a business theory and practices background and then apply that computer knowledge to help your company achieve its goals.
A bachelor’s degree in management information systems (MIS) is a great choice to combine business classes with a computer science program’s mathematics, software development and computer programming courses.
A degree in MIS can help you get a computer and information systems manager position.
Also, This program is sometimes called information technology (IT).
In addition, this technology position has a median salary of $93,750 and a positive job outlook.
5. Bachelor’s in Accounting
Accounting is one of the highest paying business degrees that require the work of preparing financial statements and reports.
With a bachelor’s degree program in accounting, you take courses such as:
- fundamentals of accounting
- principles of accounting
- auditing principles
- internal auditing
- financial accounting
- managerial accounting
- financial reporting
- business law
- business communications.
However, an undergraduate accounting degree can prepare you for a couple of possible positions in the business world, such as financial examiners and accountants.
Accountants and auditors, who earn a median wage of $71,550 annually and follow a reasonably direct career path, work with individuals or companies to prepare accurate financial statements and offer advice for making wise financial decisions.
6. Bachelor’s in Marketing
With a bachelor’s degree in marketing, you learn about consumer behaviour and how to influence people’s purchasing decisions.
You take coursework such as:
- marketing research
- strategic marketing
- marketing management
However, you must understand the data behind marketing campaigns and learn to create winning advertisements and marketing strategies.
When you earn your marketing degree, you can begin a path to the marketing and sales manager role.
You can also work as a Sales manager who focuses more on leading teams of sales representatives.
You handle tasks like training sales staff, setting sales goals and measuring progress toward those goals.
In addition, you can earn $126,640 and $63,790 working as Marketing & Sales Manager, Marketing Specialist.
7. Master’s in Statistics
Graduates of statistics degree programs need to have a well-rounded background.
They often take engineering, physical science, chemistry, biology and health services courses, particularly undergraduates.
A statistician gathers and evaluates data through statistical methods to gain insight into solving problems.
More so, they are responsible for everything from figuring out what data can help a company gain valuable understanding to devising and implementing ways to attain that data and finally analyzing the information they collect.
In addition, you can work in several different employment environments, including federal government agencies and college and university settings.
However, with a median salary of $92,030 and a 90th percentile wage of $162,060, a Master in Statistics is one of the top-paying business degrees.
8. Master’s in Finance
A master’s in finance degree helps students who want to work as financial managers.
More so, they are professionals who are in charge of the overall financial health of a company or organization.
Also, they handle a wide range of responsibilities, create financial statements, oversee finance workers and analyze market trends to develop business forecasts.
However, there will be intense competition for these management roles.
So, a master’s degree and graduate-level financial analysis and software skills can help you stand out from the crowd and impress prospective employers.
Working as Financial Manager can earn you a median Salariesof $129,890.
9. Bachelor’s in Finance
A Finance degree program at the bachelor’s level introduces you to the basics of business, accounting and financial reporting and analysis.
You will later encounter more in-depth coursework in subjects such as:
- risk management
- international finance
- investment principles
- corporate finance
- portfolio management
- financial institutions and markets
- financial management
- regulatory issues in finance
However, with a bachelor’s degree in finance, you can work as a personal financial advisor and financial analyst.
A personal financial advisor works to help individuals plan for and achieve their financial goals.
On the other hand, financial analysts focus more narrowly on analyzing investment opportunities.
Also, they may work with individuals, but they also work with companies.
Personal financial advisors have a higher median salary ($87,850), but financial analysts have the best 10th percentile wage of all financial specialists ($52,540).
10. Bachelor’s in Supply Management
A bachelor’s degree in supply management can put you on the path to a career as a purchasing manager with a six-figure median annual salary.
- Your duty as a purchasing manager is to
- develop and implement plans to get the products a business needs
- compare vendors and suppliers
- decide which business offers the best quality products or materials for the best price
- forge and maintain relationships with suppliers
- handle price and contract negotiations
- oversee the work of buyers and purchasing agents
More so, Purchasing manager is a high-level role, one in which even the 10th percentile earns a salary of around $71,450.
However, you need five years of experience acting as purchasing agent or buyer to reach this position.
11. Master’s in Human Resources
For companies and organizations to run effectively, they need their employees to be trained properly and work as efficiently as possible.
Graduate degree programs in human resources will teach you how to handle the important administrative duties that relate to staffing and employee relations.
You will take core courses such as:
- employee and labour relations
- organizational change
- human relations management strategy
- conflict management
- employment and labour law
- collective bargaining
- human performance improvement
- compensation and benefits
However, this is one of the best highest-paying business degree skills needed to become a human resources manager.
Your job includes connecting a company’s employees with its management and administration team and handling job duties.
Also, with this degree, you can work as a Human Resources Manager, Training and Development Manager and earn median salaries of $116,270, $113,350.
12. Master’s in Economics
Economics is one of the highest-paying business degrees that teaches you how resources are transferred and used.
You will learn the following in a master’s in economics:
- theory and principles of microeconomics and macroeconomics
- Mathematics (such as statistics and econometrics)
- international economics
- labour economics
- financial economies and risk
- managerial economics
- applied econometrics
A graduate degree in economics can prepare you for a career as an economist, a high-paying business-related role.
However, with a six-figure median annual salary and a lucrative $185,020 wage at the 90th percentile, economists are among the highest-paying business degrees.
13. Bachelor’s in Engineering
Most engineering degree programs focus on a particular discipline of engineering as they study in core courses such as:
- principles of engineering
However, some engineering graduates choose a different and more lucrative career.
A sales engineers earn $103,900 annual salary which is more than the salaries of:
- electrical and electronics engineers
- mining and geological engineers
- marine engineers
- materials engineers
- biomedical engineers
- health and safety engineers
- environmental engineers
- mechanical engineers
- industrial engineers
- civil engineers
As a sales engineer, you are responsible for selling highly technical products and services to clients, typically businesses.
14. Bachelors in Actuarial Science
Actuarial scientists use numerical data to identify the mathematical likelihood of an outcome occurring.
Meanwhile, an actuarial science program includes coursework in:
- probability and statistics
- business and finance
With this degree, you will have
- public speaking
- written communication
- computer programming
- using databases, spreadsheets and statistical analysis tools
Moreover, these mathematics professionals earn a lucrative living as a $108,350 median salary lands them among the best-paid employees in the business world.
15. Bachelor’s in Health Administration or Health Management
An undergraduate degree program in health administration or health management equips you with the skills needed to oversee the operations of a hospital or medical practice.
Meanwhile, business courses are an important component of a health administration curriculum.
As such, you will take classes in:
- human resources
- finance and leadership
- health law and regulations
- standards for healthcare staff
- policy issues in healthcare
- medical facilities management
- critical issues in healthcare
With a $100,980 median salary and a $189,000 90th percentile wage, a medical and health services degree is among the highest paying business degrees in the world.
To earn six figures working in the business industry, you need to obtain the highest paying business degrees.
These degrees can be bachelor’s or master’s degrees but they put you at the forefront of earning six to seven figures in your carers.
Some of these degrees include business administration, finance, economics, industrial psychology, actuary science, health management and many others.
However, these degrees depend on the jobs you want to do and the industry you want to work in.
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