Highest Paying Jobs in Business Management

There are various employment opportunities available in the field of business management. Every company, regardless of size, needs reliable employees to coordinate daily activities. The U.S. Department of Labor predicts 700,000 new jobs in business management will be created in the next ten years. Southern Careers Institute provides students with the skills needed to pursue a career in business.

High-Paying Jobs for Associate’s in Business Administration

Earning an Associate’s Degree in Management is a huge accomplishment. Having a degree versus a high school diploma will prove beneficial in the workplace. A higher income potential is achieved with advanced education. The average annual salary in 2019 for an employee with an Associate’s in Management pursuing the field of Business Administration was $52,000. Many high-paying jobs in business management can exceed $65,000 in the first year. Securing a position as a Human Resources (HR) Manager can prove to be one of the highest paying associate jobs available. 

While pursuing an Associate’s Degree in Management at Southern Careers Institute, students can work online from the comfort of their own home. This gives individuals the ability to create a schedule that fits their unique needs. Valuable work experience is gained through externships with  leading companies in the surrounding community. Upon completion of the program, students will receive an Associate Degree of Applied Science (AAS) in Management.

Sales Managers

The purpose of every business is to sell something. So, what do sales managers do to achieve this goal?

• Develop a sales plan and effectively communicate it to all members of the sales force
• Set daily, monthly, and annual sales quotas for each member of the sales team
• Assign sales territories to meet the needs of the company
• Implement the sales plan by analyzing data and preparing supporting graphs and charts to track performance
• Manage the sales team, ensuring goals are being met
• Monitor inventory requirements for all purchases

Careers related to sales managers are available in almost every aspect of the business industry. Automobile dealerships, retail outlets, and pharmaceutical sales are a few areas that are always looking for quality employees.

An average sales manager salary is $124,220 per year. This fluctuates based on the industry and level of experience. The average starting salary for a sales manager is $28.34 per hour. According to the U.S. Bureau of Labor Statistics, hourly wages can exceed $83.42 for high-level management employees.

An effective sales manager must possess good communication skills and be comfortable working with people. Organization skills are a must. A strong sales manager is a leader that is unafraid to hire and fire employees as needed. Understanding the needs of the company and assisting in the growth of their sales is the key to success in jobs in business management.

Human Resources Management

Jobs in Business Management can include working in the Human Resources (HR) Department of a company. Many students at Southern Careers Institute often ask, “What is a Human Resource Manager?” This position is an integral part of any corporation. The key role of the Human Resource Manager is essentially the management of people and handling all issues that may arise with employees. This job in business management is ideal for a person that enjoys working with others. Being a liaison between management and employees is of the utmost importance. Other duties may include:

• Enrolling employees for appropriate insurance and benefit plans
• Helping employees understand the rules and regulations of the company
• Overseeing the payroll process, which includes filling out the proper paperwork and calculating timesheets
• Conducting interviews with potential applicants
• Managing the hiring and firing of employees

A Human Resource Manager is a crucial link for the management team. By handling personnel issues, managers can focus on other areas of development. Many careers in HR management offer substantial earnings. The position of HRM has a median pay of $113,300 per year or $54.47 per hour. This salary is based on 5 years of experience and a Bachelor’s degree. A candidate with less experience and education will start at a lower base pay, but there is a potential to earn upwards of $100,000 and the job outlook is great. 

Healthcare Administration

Students interested in working in the medical field, often wonder what is Health Care Administration. This position offers employment in hospitals, doctor offices, clinics, and other medical establishments. The Health Care Administrator is responsible for:

• Management of the overall efficiency of the office
• Obtaining pre-approvals from insurance companies
• Maintaining an accurate medical record system
• Providing knowledgeable and certified staffing for the office
• Overseeing the budget practices of the office

A degree in HealthCare Management is beneficial for a medical and health services manager. Previous experience working in the healthcare industry is preferred. The median salary for a HealthCare Administrator with limited experience is $65,776.

Management Analyst Consultant

Students in the management program at Southern Career Institute often ask, “What is a Management Analyst?” The job description for this position includes:

• Create programs to improve overall efficiency within an organization
• Help companies reduce costs by finding unique ways to increase revenue
• Provide advice to management teams to control costs

The Bureau of Labor and Statistics estimates that the available positions for a Management Analyst Consultant will increase by 14% by the year 2028. As companies continue to search for ways to improve profitability, management analyst skills will be in high demand. A take-charge type of person, that is not afraid of confrontation and can make quick decisions, is the ideal candidate. Effective organizational and communication skills are essential. The willingness to travel is also important. 

Training for a Management Career

Southern Careers Institute Online is dedicated to helping students excel in the field of business. The AAS Management degree program provides all the necessary tools for employment in many different jobs in business management. Having the flexibility to work from home creates the perfect balance between life, work, and school. Our online trade school programs are recognized as one of the best in the region and offer students the chance to follow a career path that they are passionate about.

Deciding to pursue an education in business is a smart choice for individuals that are focused on improving work environments for others. Our counselors help all applicants select a topic-based program that aligns with their interests and needs. Contact us today to learn about all of the jobs in business management that are within your reach. 2020 is the year of “Transformation – Beginning a New You.” Make the call today and be on your way to a new tomorrow in as little as 33 weeks.

Sources
https://www.bls.gov/ooh/management/home.htm
https://www.bls.gov/oes/current/oes112022.htm
https://www.bls.gov/ooh/management/mobile/human-resources-managers.htm
https://www.bls.gov/ooh/business-and-financial/management-analysts.htm

Blog Disclaimer: Information stated in this blog is for general information purposes only. SCITexas.edu not assume or guarantee income earning potential or salary expectations based on the programs offered at Southern Careers Institute.