CAREER GUIDE Business Management Bachelor of Science, Business Administration

Business Management salaries are very lucrative and can help elevate career possibilities. Many people are attracted to this field because Business Management salaries are higher than others. Today's business environments are dynamic, diverse, and extremely complex; successful careers in business management require the development of skills and careful planning. Maybe you're looking to advance your position at your current employer, or perhaps you're using your current job as a stepping-stone to a bigger role in a different organization. Maybe you're even considering branching out on your own. Whatever your professional goals might be, developing your business management skills is essential to your professional satisfaction and success.

Many business professionals choose to advance their careers in fields they are already familiar with or in areas where they have a personal interest. Others are motivated by the challenge of mastering something completely new and different. Whether your goal is to work your way up the ladder at an international corporation, to start a business, or to take over a family business, you'll need a solid understanding of how to effectively manage every aspect of the company you expect to lead. Your future employer will expect you to have the knowledge and skills necessary to manage effectively in diverse business environments. Acquire, then polish those skills, and the sky's the limit for your career and increased income in business management.

It's no secret the economy has been growing over the past few years, and the job market has responded, in some areas more than others. U.S. News & World Report suggests that a degree in business administration/management could be your ticket to a dramatically increased job prospects: "If you're wrapping up your Bachelor of Science in business or management, or if you're completing an MBA program, you've been exposed to numerous areas of business, including marketing, finance, statistics, and economics. You're an employer's dream come true." money.usnews.com

Furthermore, the Bureau of Labor Statistics is predicting employment growth will be driven by the formation of new organizations and the expansion of existing ones, which in turn will require more managers and executives.

Business Management salaries are often tied to your education level, leadership experience, and the specific industry in which you are employed. Even the locations of firms, organizations, or government agencies doing the hiring can have an effect on your prospective earnings. However, the Bureau of Labor Statistics does state that top executives are among the highest paid workers in the United States. Furthermore, total compensation for corporate executives often includes stock options and other performance bonuses. As a reference point, consider that the median annual wage for general and operations managers was $100,410 in May 2017.