Top Online Colleges
- Click for Recommended Degree University of Phoenix
- Click for Recommended Degree Strayer University
- Click for Recommended Degree Everest University
The amount of money you make as a business administrator will depend on your job duties, education, location, employer, and more. Thus it is hard to say exactly what you may make in this career field in the future. Nevertheless, there are some average statistics that reflect what most business administrators make based on different criteria. You can look to those stats to get a better understanding of what you could earn. Here is a look at the business administration salary you may earn in the near future.
Salary by School
There are plenty of schools in the country that offer business administration degrees, and some of them have better success results than others. Here are some of the most popular schools for business administration majors in the country, along with the salaries that graduates have earned from those institutions:
- American Intercontinental University: $28,394 – $95,413
- Sam Houston State University: $31,047 – $89,211
- Strayer University: $31,266 – $86,806
- University of Florida: $31,418 – $109,395
- University of Phoenix: $31,299 – $105,192
Salary by Location
Some areas of the country pay better than others based on the standard of living in that zone. You may want to check out the pay range for a city before you decide to move somewhere in the future. Here are some of the most popular cities in the country for business administrators to work in:
- Atlanta, Georgia: $36,047 – $108,797
- Chicago, Illinois: $30,276 – $97,119
- Dallas, Texas: $33,353 – $114,839
- Houston, Texas: $33,214 – $115,570
- New York, New York: $39,237 – $128,835
Salary by Employer
Some employers pay much better than others for their business administration personnel. It would be in your best interest to seek out a major employer in the US if you want to make top dollar for your services. Some of the top employers for business administrators include:
- Bank of America Corp: $30,100 – $97,898
- J.P. Morgan Chase & Co. : $28,782 – $84,462
- State Farm Insurance Company: $25,750 – $110,823
- U.S. Army: $35,146 – $117,468
- Wells Fargo Bank: $19,784 – $146,407
As you can see, those companies pay their employees incredibly well based on the amount of money an average business administrator makes. If you can secure a job in a well-paying company, you should be able to secure a steady income in this industry.
Salary by Position
A degree in business administration can land you in a variety of roles in the work force. The kind of job you get after college will have a big impact on the business administration salary you earn. Here are some of the most popular positions for business administration majors, along with a look at what you may earn in each of them:
- Operations Manager: $39,093 – $98,704
- Human Resources Manager: $39,077 – $83,368
- Administrative Assistant: $23,598 – $51,719
- Retail Store Manager: $27,329 – $58,596
- Office Manager: $28,886 – $61,122
- Staff Accountant: $28,786 – $60,051
Note that the figures above are based on data from PayScale.com, and they only reflect the earnings of employees with bachelor’s degrees in business administration. If you hold a different degree, your business administration salary could be drastically different.
How to Improve Your Business Administration Salary
Your business administration salary will vary based on the factors above, but there are some things you can do to improve the amount of money you make as a business administrator. Start by getting the best education you can, as that will give you the best chances of getting hired for a job. During your degree program, look for internship opportunities to give you the hands-on training you will inevitably miss in college. That way when you go to apply for jobs, you already have a set of experiences to pull from.
Try to work your way up in your industry as quickly as possible. You may start out as an administrative assistant, but then you could work your way up to operations manager, or something along those lines. You probably won’t see a huge change in your business administration salary until after the first five years of employment, but then you will make a good living until you retire. With the right effort and passion, you should be able to earn a solid salary in business administration.
