What Business Degree Makes The Most Money?

In today’s world, more and more people are opting for a career in business. And why not? Business degrees offer a wide range of opportunities, from marketing to finance to entrepreneurship. However, the question on everyone’s mind is, which business…

In today’s world, more and more people are opting for a career in business. And why not? Business degrees offer a wide range of opportunities, from marketing to finance to entrepreneurship. However, the question on everyone’s mind is, which business degree makes the most money?

Well, the answer is not that simple. It depends on various factors such as the industry, job role, and level of experience. In this article, we will explore the different business degrees that have the potential to earn you a high salary and provide you with valuable insights into the business world. So, let’s dive in!

What Business Degree Makes the Most Money?

What Business Degree Makes the Most Money?

Business degrees are among the most popular programs of study in universities and colleges worldwide. The demand for business professionals is ever-increasing, and students who choose to pursue a career in this field have a wide variety of options to choose from. But the question is, which business degree makes the most money? In this article, we will explore the different types of business degrees that offer the highest earning potential.

1. Bachelor of Science in Accounting

Accounting is one of the most lucrative fields in business, and a Bachelor of Science in Accounting degree is highly valued by employers. Graduates with this degree typically work in public accounting firms, corporate accounting departments, or government agencies. According to the Bureau of Labor Statistics (BLS), the median annual salary for accountants and auditors was $73,560 in May 2020. However, those who hold a CPA certification or have a master’s degree in accounting can earn significantly more.

Pros Cons
High earning potential Requires attention to detail
Many job opportunities Requires strong analytical skills
Stable career outlook Can be stressful during tax season

2. Master of Business Administration (MBA)

The Master of Business Administration (MBA) is a graduate degree that provides students with a broad range of business skills. Graduates with an MBA degree can work in a variety of industries, including finance, marketing, and management. According to PayScale, the average salary for MBA graduates is $87,000 per year. However, salaries can vary widely depending on the industry, location, and job title.

  • Pros
    • High earning potential
    • Can lead to career advancement
    • Provides a broad range of business skills
  • Cons
    • Can be expensive
    • Requires significant time commitment
    • May not guarantee a job or higher salary

3. Bachelor of Science in Finance

A Bachelor of Science in Finance degree prepares students for careers in finance-related fields, such as banking, investment, or financial planning. According to the BLS, the median annual salary for financial analysts was $83,660 in May 2020. However, those who work in investment banking or hedge funds can earn significantly more.

Pros Cons
High earning potential Requires strong analytical skills
Many job opportunities Can be stressful during market fluctuations
Opportunities for career advancement Can require long work hours

4. Bachelor of Science in Marketing

A Bachelor of Science in Marketing degree prepares students for careers in advertising, public relations, sales, and market research. According to the BLS, the median annual salary for marketing managers was $135,900 in May 2020. However, salaries can vary widely depending on the industry, location, and job title.

  • Pros
    • Opportunities for creativity
    • High earning potential in some industries
    • Many job opportunities
  • Cons
    • Can require long work hours
    • May require travel
    • Can be stressful during product launches or campaigns

5. Bachelor of Science in Human Resources

A Bachelor of Science in Human Resources degree prepares students for careers in managing and developing employees in organizations. According to PayScale, the average salary for a human resources manager is $70,000 per year. However, salaries can vary depending on the industry, location, and job title.

Pros Cons
Opportunities for career advancement Requires strong interpersonal skills
Many job opportunities Can be stressful during employee conflicts or layoffs
Opportunities for creativity in employee development programs May require long work hours during recruitment or training periods

6. Bachelor of Science in Information Systems

A Bachelor of Science in Information Systems degree prepares students for careers in managing and developing information technology systems in organizations. According to the BLS, the median annual salary for computer and information systems managers was $151,150 in May 2020. However, salaries can vary depending on the industry, location, and job title.

  • Pros
    • High earning potential
    • Many job opportunities
    • Opportunities for creative problem-solving
  • Cons
    • Requires strong technical skills
    • Can be stressful during system outages or upgrades
    • May require long work hours during project deadlines

7. Bachelor of Science in International Business

A Bachelor of Science in International Business degree prepares students for careers in international trade, investment, and management. According to PayScale, the average salary for an international business manager is $78,000 per year. However, salaries can vary depending on the industry, location, and job title.

Pros Cons
Opportunities for travel and cultural immersion Requires strong communication skills in multiple languages
Many job opportunities in global companies Can be stressful during negotiations or trade disputes
Opportunities for creativity in developing international business strategies May require long work hours due to time differences with other countries

8. Bachelor of Science in Operations Management

A Bachelor of Science in Operations Management degree prepares students for careers in managing and improving business operations, such as manufacturing, logistics, or supply chain management. According to PayScale, the average salary for an operations manager is $64,000 per year. However, salaries can vary depending on the industry, location, and job title.

  • Pros
    • Opportunities for creativity in improving business processes
    • Many job opportunities
    • Opportunities for career advancement
  • Cons
    • Can be stressful during production delays or supplier issues
    • May require long work hours during peak seasons
    • Requires strong problem-solving skills

9. Bachelor of Science in Entrepreneurship

A Bachelor of Science in Entrepreneurship degree prepares students for starting and managing their own businesses. According to PayScale, the average salary for an entrepreneur is $71,000 per year. However, salaries can vary widely depending on the success of the business.

Pros Cons
Opportunities for creativity and innovation Requires significant risk-taking
Opportunities for financial independence May require long work hours
Can lead to personal fulfillment May require significant investment capital

10. Bachelor of Science in Economics

A Bachelor of Science in Economics degree prepares students for careers in analyzing and forecasting economic trends in organizations, government agencies, or research institutions. According to the BLS, the median annual salary for economists was $108,350 in May 2020. However, salaries can vary depending on the industry, location, and job title.

  • Pros
    • High earning potential
    • Opportunities for creativity in economic analysis
    • Many job opportunities
  • Cons
    • Requires strong analytical skills
    • Can be stressful during economic crises or policy changes
    • May require long work hours during research projects

In conclusion, the degree with the highest earning potential in business varies depending on the student’s interests, skills, and career goals. However, pursuing a degree in accounting, finance, marketing, or economics can provide students with a strong foundation for a successful and lucrative career in business.

Frequently Asked Questions

What are the highest paying business degrees?

There are several business degrees that can lead to high-paying careers. The most popular options include:

– Master of Business Administration (MBA)

– Master of Finance (MFin)

– Master of Accounting (MAcc)

– Bachelor of Science in Economics (BSE)

– Bachelor of Science in Business Administration (BSBA)

What is the earning potential for an MBA graduate?

The earning potential for an MBA graduate varies depending on factors such as industry, location, and level of experience. However, on average, an MBA graduate can expect to earn a starting salary of around $100,000 per year. With several years of experience, this can increase to well over $200,000 per year.

Some of the highest-paying industries for MBA graduates include consulting, finance, and technology.

What kind of jobs can I get with a Master of Finance degree?

A Master of Finance degree can lead to a variety of high-paying careers in the finance industry. Some of the most popular job titles for MFin graduates include:

– Financial analyst

– Investment banker

– Hedge fund manager

– Portfolio manager

– Risk manager

– Corporate finance analyst

– Financial advisor

Is it worth getting a Master of Accounting degree?

For those interested in pursuing a career in accounting, a Master of Accounting degree can be a great investment. Graduates with this degree typically have high earning potential and are in high demand by employers.

In addition, many states require a certain number of credit hours in accounting in order to become a Certified Public Accountant (CPA). A Master of Accounting degree can help students meet these requirements and prepare them for the CPA exam.

What is the average salary for a Bachelor of Science in Economics graduate?

The average salary for a Bachelor of Science in Economics graduate varies depending on factors such as industry and location. However, on average, these graduates earn a starting salary of around $60,000 per year.

Some of the highest-paying industries for economics graduates include finance, consulting, and government.

10 Highest Paying Business Degrees (2023)


In conclusion, choosing the right business degree can be a complex decision that requires careful consideration. However, if your goal is to maximize your earning potential, there are several options that stand out. Degrees in finance, accounting, and marketing have consistently ranked as the highest-paying business degrees.

That being said, it’s important to keep in mind that earning a high salary isn’t the only measure of success. Pursuing a degree that aligns with your interests, skills, and career goals is crucial for long-term satisfaction and fulfillment. It’s also worth noting that factors such as industry, location, and experience can play a significant role in determining salaries.

Ultimately, the most important thing is to make an informed decision based on your unique circumstances and aspirations. Whether you choose to pursue a degree in finance, accounting, or marketing, or opt for a different business degree altogether, the key is to stay focused, work hard, and remain open to new opportunities that may arise along the way.

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