Having a master’s degree in business opens up a wide range of job possibilities, and we’ve picked out some of the highest paying jobs with master’s degree in business. Business careers cover a variety of fields including finance, management, international business, market trade, sales, business development, human resources, etc. It also allows you to choose your preferable working environment, whether it is focusing on products, hardware, and monetary issues (statistics, trade, sales…), or working with people (human resource management/development). The latter overlaps and associates with some other humanities jobs, as are 11 Highest Paying Jobs with a Master’s Degree in Social Work. There are also plenty of opportunities of getting master’s degree in business issues after a BA in some other field, like abovementioned humanities, computer or health sciences, etc.
Wright Studio/Shutterstock.com
We have compared median wages for highest paid business jobs using data from Bureau of Labor Statistics, U.S. News, and Payscale. Most of the sources we’ve searched were not precise enough concerning the figures, and only on Payscale we’ve got specific information for having a business master’s degree. We picked reliable sources with at least 30 jobs listed that included median wages, and among around 150 jobs we have picked the top 11. Business careers often do not pay a lot at the very beginning, but they get higher as you gain the experience, so we chose these median values which represent what average mid-career workers earn annually. Mid-career workers, of course, do not necessarily need to have a master’s degree, so having one offers you at least median wage salary, and perhapse higher.
According to these, the top highest paying jobs with master’s degree in business are as follows.
11. Marketing and Management
Annual median wage: $103,000
This management field focuses on the analysis of a company’s place in industry or market. Marketing managers deploy, implement and execute marketing plans and strategies for the company. They develop and monitor marketing campaigns, make partnerships with important industries, vendors, etc.
10. Human resources managers (HRM or HR)
Annual median wage: $108,000
Since it is oriented to working with people, this position requires the high level of social skills. HR manager is in charge of keeping track of and maximizing the efficiency of employees. The important part of the job is also monitoring employees and their relations in terms of determining their needs, dealing with discriminations, giving equal opportunities and motivating, dealing with performance issues.
Copyright: lenetssergey / 123RF Stock Photo
9. Management Information Systems (MIS)
Annual median wage: $104,440
Jobs concerning MIS rank 9th in our list of highest paying jobs with master’s degree in business. They are usually linked to creating, developing and sustaining financial computer systems. The work is not entirely focused on the technical side of the task, but also on helping other employees integrate new technological solutions and use the return information in order to make business more efficient.
Pressmaster/Shutterstock.com
8. Purchasing manager
Annual median wage: $108,120
Purchasing Manager ranks 8th in our list of highest paying jobs with master’s degree in business. It is responsible for purchasing and managing company’s needs. That might include acquiring physical equipment, buildings, or finding best vendors and negotiating and closing deals with them.
Pressmaster/Shutterstock.com
7. International business
Annual median wage: $110,000
We are continuing our list of highest paying jobs with master’s degree in business with international business that includes all transactions being made between two countries or regions, which refer to sales, investments, transportation, etc. Most preferable master degrees in this field include Master in Business Administration and Master in International Management.
racorn/Shutterstock.com
6. Economics
Annual median wage: $115,000
With a master’s degree in economics, there is a variety of jobs available, depending on your preferable field of interest. It might be private or public policies, financial and market analysis, industry trends and many more. These include Market Research Analyst, Economic Consultant, Actuary, Credit Analysts, Policy Analysts, etc.
fizkes/Shutterstock.com
5. Marketing sales manager
Annual median wage: $119,280
This position that ranks 5th in our list of highest paying jobs with master’s degree in business, requires a good estimation of company’s advertising and promotional needs. It also includes determining the annual profit plans, analyzing trends, researching consumers’ preferences, targeting market. With the annual median wage of $119,280, it falls on the fifth place on this list of the highest paying job with master’s degree in business.
Rawpixel.com/Shutterstock.com
4. Finances
Annual median wage: $121,000
Financial positions include finance managers, analysts, and officers. According to The Balance, they are related to financial aspects of a company, like financial policies of the company, market research, financial reporting, but can also include solving other issues concerning general data analysis, corporate strategy, human resources, etc.
Pressmaster/Shutterstock.com
3. Operations research
Annual median wage: $130,000
Positions included in this field are Research Analyst, Service Manager, General/Operations Research Manager. Performing a variety of tasks, main goals of these positions are solving issues related to inefficiencies and problems in a company, as well as giving optimal solutions for decision making, company policy, by collecting and analyzing data related to these problems.
everything possible/Shutterstock.com
2. Computer and information systems managers (IT project managers)
Annual median wage: $131,600
At the second spot in our list of highest paying jobs with master’s degree in business, we have IT project manager, who is responsible for choosing and implementing all the technological requirements for a company, which includes hardware and software framework. Usually, basic knowledge level required for this position is a bachelor’s degree in computer science or computer management. This position has a lot of responsibilities because the entire technological infrastructure relies on one person, which often results in over 40 working hours a week. That might sound a bit too much, but it certainly pays off having in mind that this is one of the highly paid jobs with a master’s degree.
Copyright: welcomia / 123RF Stock Photo
1. Chief executives (CE)
Annual median wage: $175,110
Every company, organization, or corporation and even non-profit and some government organizations have a chief executive, the number one in our list of highest paying jobs with master’s degree in business, who’s role is to monitor, develop and integrate overall strategies, have the final word on company’s main issues and further development and success. Because of high responsibilities it takes, it is a highly paid job in business. This job is perfect for those with good leadership and strategic skills, who know how to handle with long-term and short-term company’s/organization’s objectives ending with best results. CEs are in charge of all management concerning the company. That includes all the responsibilities, including developing company’s main goals, directing and evaluating work of other high executives, representing the company in public, so it is rightfully the highest paying job with master’s degree in business.
LuckyImages/Shutterstock.com
