Sunday, September 2, 2012
Starting salaries for business school graduates
Charles Schwab said: "The man who does not work for the love of work, but only for money is not able to make money nor find much fun in life." While it's always good to love the work you do, it is also critical for a living. Earning a degree in economics is the first step for a stable and lucrative career.
With the title awarded in business administration, one can expect substantial starting salaries. However, salaries vary widely based on how much you have and what area of business you choose to pursue. Here is a summary of what you can expect for each degree business currently available.
Associates Degree in Business
Degree courses are generally associated with two-year programs offered by technical institutes or community colleges. They are designed to give students a general education in business, and there are many satisfying careers available to the holder of an associate's degree in business:
Office Manager $ 37,380
Executive Assistant $ 41,850
Retail Store Manager $ 41,850
Administrative Assistant $ 29,893
Human Resources $ 49,821
Customer Service Representative $ 31,886
Bachelor in Business Administration
There are many careers available for the full satisfaction of a proud graduate degree in business administration. Here is a summary of the various positions and their average salaries. Remember, wages vary considerably with the experience, so you can take starting salaries are slightly lower:
Controller (Financial) $ 87,777
Human Resources Manager at $ 61,526
Project Manager, U.S. $ 78,446
Project Manager, Construction $ 76,908
Director of Human Resources $ 72,806
Executive Administrative Assistant $ 36,454
Senior Accountant $ 51,272
Master in Business Administration
Just as recruitment is increased in the United States, MBA salaries have also increased - as well as the costs of registration. MBA graduates want a return on this substantial investment in their education, and it looks like they're getting. Here is a breakdown of careers and salaries base available to the holder of an MBA:
Consulting $ 101,736
Energy Utilities $ 100,263
Finance $ 103,122
Health Care $ 111,477
High Tech $ 98,621
Production of $ 98.417
Nonprofit / Government $ 73,125
Products / services $ 94,558
The Business PhD
While an MBA or business administration degree can offer extensive training, which are becoming increasingly common. Earning a doctorate in business can help you get ahead of the competition and land a high paying business or work as a teacher. Many CEOs today have a degree in business administration doctorate, but there is also a more traditional PhD program available in business. Here are the differences between the two grades and salaries available:
or PhD in Organization and Management. This doctoral degree program in business focus intensively on preparing candidates to conduct highly specialized scientific research. They focus on the development of new theory in management, economics and related fields. The majority of holders of a doctorate to become business professors at business schools. An Associate Professor at a Business School can expect a starting salary of about $ 110 thousand a year, a professor eventually earning closer to $ 150,000 a year.
or Doctor of Business Administration (which is not a PhD, but a capable DBA) programs focus on the application of theory rather than on the development of new theory. While also aims to prepare graduates for academic careers, the DBA, by virtue of its focus on the application of theory, has more practical application in managerial settings that PhD and can therefore have a potential gain much higher in the business world. Most of the top CEOs salaries in the range of $ 140,000, with an almost unlimited potential gain - depending on the company's success and experience .......
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