Earning a business degree can be a significant investment. The key to maximizing that investment is knowing which areas of business pay the highest salaries. In fact, it is almost double. After consulting the BLS Occupational Outlook Handbook, we determined the highest paying business degrees based upon the most recent published information and data. Below are our results for the top 10 highest paying degrees in business. Employees, also known as human capital, are the most important assets to any organization.
A human resources degree teaches students to effectively manage personnel relationships as well as the policies and procedures that establish a healthy work environment. In addition to managing organizational relationships, human resources professionals manage important aspects of the employment cycle, from hiring new personnel to overseeing medical and retirement benefits.
Courses within a human resources degree may include compensation and benefits, business ethics, business communication, and management principles. Marketing has always been a critical aspect of any organization seeking to acquire and maintain customers and stakeholders. Without effective marketing in a consumer-based economy, it is difficult for organizations to survive.
Because marketing is an essential function for nearly all organizations, the positions typically pay well. Marketing degrees cover a wide range of topics that teach students concepts and skills such as market research, consumer behavior, branding, and advertising campaign creation and management.
Other courses may include data analysis, statistics, and marketing theory. Maintaining strong labor relations between employees and management is an essential function to ensure a healthy work environment where the demands of the workforce and needs of management are both met in a spirit of compromise.
Management desires productive employees, while employees need fair treatment and livable wages. Labor Relations Specialists are employed to meet these goals by mediating the relationship between employees, management, and labor unions through the creation and interpretation of contracts and policies along with investigating workplace grievances.
Labor relations degrees may be titled organizational relations or industrial relations. It may also be a concentration or specialty track as part of a human resources degree. Students will take courses from a variety of disciplines to learn concepts and skills such as database management, software and technology specific to the field such as RFID, resource estimation, and reverse logistics.
As the global economy further expands, the need for logistic professionals will continue to rise. Entrepreneurship is defined as the ability to establish or set up a business with the hope of earning a profit while minimizing risk. Not only is this skill essential for the small business owner, but it is also highly valued by business organizations of all sizes.
A program in entrepreneurship teaches students to create and maintain business ventures through critical analysis using economics, marketing, management, data analysis, and more. Graduates of these programs go on to a wide variety of careers as business owners, consultants, and sales managers. As organizations seek to organize their finances, budget analysts are needed to develop and review budgets put together by managers and administrators to ensure accuracy, compliance, and fiscal feasibility.
While an accounting degree teaches a narrow skillset, accountants have great flexibility on what type of organization and industry they want to work in. Students can expect to take courses in managerial accounting, cost accounting, finance, and mathematics.
Ranking number four on our list of highest paying degrees in business is a degree in management.You may be able to deduct the cost of work-related education expenses paid during the year if you're a:. To be deductible, your expenses must be for education that 1 maintains or improves skills needed in your present work or 2 a law requires to keep your present salary, status or job. However, even if the education meets either of these tests, the education can't be part of a program that will qualify you for a new trade or business or that you need to meet the minimal educational requirements of your present trade or business.
Although the education must relate to maintain or improve skills needed in your present work, education expenses incurred during temporary absence from your work may also be deductible.
After your temporary absence, you must return to the same general type of work. Usually, absence from work for one year or less is considered temporary. Qualified artists and government officials figure the cost of qualifying work-related education expense on FormEmployee Business Expenses.
More In Help. You may be able to deduct the cost of work-related education expenses paid during the year if you're a: Self-employed individual, Qualified performing artist Fee-based state or local government official, or Disabled individual with impairment-related education expenses To be deductible, your expenses must be for education that 1 maintains or improves skills needed in your present work or 2 a law requires to keep your present salary, status or job.
Expenses that you can deduct include: Tuition, books, supplies, lab fees, and similar items Certain transportation and travel costs, and Other educational expenses, such as the cost of research and typing To determine if your work-related expenses are deductible, see Are My Work-Related Education Expenses Deductible?
Page Last Reviewed or Updated: OctBusiness essentials courses address the foundations of day-to-day business work.
From business writing and presentation skills to networking, practicing appropriate business etiquette, and communicating effectively, you'll prepare to start your career or take it to the next level. Running a company - or starting one from scratch - requires a knowledge of business fundamentals, as well as proficiency in a number of essential business skills in your toolbox.
Many of these business foundations are analytical skills, such as financial modeling and financial management, data analysis and statistics, project management, and decision-making. But many of the most important skills you'll need for a successful career in business are all about people.
15 Top Degrees for the Highest-Paying Business Careers
Great interpersonal skills in areas like communication, leadership, and negotiation are often what separate the most successful business leaders from the rest of the pack. In short, you need a combination of analytical skills to develop a profitable business plan, as well as the people skills needed to lead your team towards successful execution.
One of the most amazing things about online education today is the way it can leverage video to help students build essential interpersonal business skills, through real-time practicing and mentoring on a flexible schedule from anywhere in the world. Between virtual live class sessions, one-on-one office hours with experienced and successful faculty, and collaboration with fellow classmates from around the world, a high quality online business education doesn't mean missing out on developing the people skills that are fundamental to your career.
A wide range of courses and short Guided Projects can help you hone your skills in presentationnegotiationand collaboration, along with the leadership ability to influence people and inspire your team. Along the way, you'll get feedback from your classmates and instructors, helping you to keep improving.
Of course, there are plenty of less-interpersonal essential business skills you can develop online too! Courses in business basics like financial managementproject managementdata analyticsand decision-makingas well as more advanced courses in topics like critical thinking and strategic planningensure that you can build a well-rounded business education with online courses. You can also pursue a full-fledged MBA or other business masters degree online!
Explore Business Business Essentials. Business Essentials Business essentials courses address the foundations of day-to-day business work. Leadership and Management. Business Strategy. Filter by:. Earn Your Degree. Most Popular Certificates in Business Essentials.Business Specializations and courses help you hone skills critical to success in the modern workplace, with areas of study including entrepreneurship, business strategy, marketing, finance, and management.
Whether you're a small business owner or working in a large international firm, business courses will improve your ability to analyze, understand, and solve business problems.
But an education in this field teaches you the specific skills that go into building a successful business. A business, broadly speaking, refers to people working together in an organization to sell goods or services. In practice, this business enterprise can take an incredibly wide variety of forms: a for-profit corporation, a non-profit agency, a charity, an entrepreneurial startup, a sole proprietor consultancy, and many more. Regardless of what your vision is, a business education will equip you with the capabilities you need to make it a reality.
There are many different kinds of businesses, but every business needs team members with certain specific skills and responsibilities to succeed. Regardless of whether a company is a for-profit or a non-profit, managing cashflow is essential, making accountants, financial managers, and financial advisors indispensable.
Keeping any organization running smoothly requires operations managers, executive assistants, and other administrative professionals. Large corporations may employ a wide range of in-house professionals to cover legal, marketing, sales, and other areas full-time, but smaller businesses as well as "lean" organizations may meet these needs by hiring outside consultants. Courses in finance, accounting, and business modeling can give you the tools you need to manage your cashflow wisely.
Business planning, value chain management, and project management can help you optimize your operations for success. Whatever your business background, online courses can take you further! Online learning platforms like Coursera offer a range of masters programs that you can complete on your own time, including business degrees geared towards your specific goals. Explore Business. Business Outlined Info Action.
10 business classes you can take online for free
Leadership and Management. Business Essentials. Business Strategy. Filter by:.
Top 10 Highest Paying Business Degrees 2021
Earn Your Degree. Most Popular Business Courses. Career Success. University of California, Irvine. Specialization 10 Courses. Successful Negotiation: Essential Strategies and Skills. University of Michigan. Financial Markets. Georgia Institute of Technology. English for Career Development. University of Pennsylvania. Improve Your English Communication Skills. Specialization 4 Courses.
Arizona State University. University of Minnesota.Why take out student loans when you could earn a degree for free? You may be able to save thousands of dollars by asking your employer to pay for your education through a tuition reimbursement program. Employers have a vested interest in making sure employees have the knowledge and skills to help them succeed at work. By earning a degree in a job-related field, you can become a better employee.
Moreover, employers often see less turnaround and more employee loyalty when they provide tuition reimbursement for education. Many employers know that education is the key to on-the-job success. Thousands of companies offer tuition assistance programs. Even if no tuition program is in place, you may be able to present a compelling case that convinces your employer to pay for your schooling. Many larger companies offer tuition reimbursement programs for employees who take courses related to their work.
These companies often have strict tuition-related policies and require that employees stay with the company for at least a year. Companies may pay for an entire degree or, more often, only for classes related to your job. Some part-time jobs also offer limited tuition assistance. Generally, these employers offer a smaller amount to help offset the cost of education. Often, these companies offer financial help as a perk of employment and have less strict policies about the type of courses you can take.
However, many employers require workers to be with the company for a minimum amount of time before becoming eligible for tuition reimbursement benefits. A few large companies partner with colleges to provide workers with education and training.
Trainers sometimes come directly to the workplace, or employees may in some cases enroll independently in courses from a specific university. Ask your company for details. If your company already has a tuition reimbursement program or business-college partnership in place, visit the human resources department to learn more.
If your company does not have a tuition reimbursement program, you will need to convince your employer to design a personal program.Business majors develop many valuable skills and areas of knowledge that enable them to make a significant contribution to the corporate and not-for-profit worlds. They can quantify a set of data, evaluate the financial impact of decisions, and use figures to back up their proposals. College students who major in business learn to write in a clear and concise manner while crafting case analyses and other business papers for their classes.
Professors often require them to complete projects in groups, so they learn the challenges and value of teamwork while refining their presentation and leadership skills. Dissecting business problems and recommending solutions help business majors to enhance their critical thinking and analytical skills. They learn to use information technology tools to gather, organize, and represent data for presentations and papers.
Knowledge acquired in core subjects like marketing, management, human resources, and accounting prepare business majors to lead others in the workplace. With classes like business law and business ethics, students gain a legal and ethical perspective of the world around them.
In addition, students with a degree in business gain a global perspective and an appreciation for the value of diversity by studying business practices in other cultures. Accountants help organizations to finance their operations, abide by government regulations, save money, and maximize their profits.
They tap into the financial knowledge and skills learned in college to make sound decisions about an organization's resources. Accountants represent and communicate business information that is used by colleagues to operate more effectively, and by investors to make sound decisions about their investments. Accountants conduct audits and provide consulting and tax planning services. They often move on to leadership positions within the finance division of their organization or client organizations.
All types of business, governmental nonprofit, and educational organizations enlist the services of accountants.day in the life of a business student
Management consultants or management analysts carry out a process for clients, not unlike the case analysis method used in many of the classes for business majors. They apply analytical and problem-solving skills to their projects and utilize the teamwork and presentation skills cultivated through their studies. Consultants are experts at gathering information, organizing it, and composing reports with their findings. Analysts are power users of technology as they process and represent data for their clients.
They enlist the spreadsheet, database, and presentation tools so often applied to their class projects as business majors. Social media managers utilize their tech savvy and knowledge of marketing communications to coordinate their employer's presence on sites like Facebook, LinkedIn, Pinterest, Twitter, Instagram, and Tumblr. They enhance business activity, establish brand identity, and get the word out about their organization. Social media managers devise strategic plans, help develop content, and measure the impact of online campaigns.
Social media managers enlist the support of staff to gather information for stories that can be placed on social media.
Like business majors, they must be team players and have the people skills to coax cooperation when they don't possess formal authority over colleagues. Business majors learn to assess the strengths and weaknesses of businesses and analyze trends in various industries. Financial analysts capitalize on those skills to evaluate companies, industries, and associated investments for clients or their parent company.
They interpret financial statements, calculate ratios and other metrics, and write reports with recommendations for investments and the allocation of corporate resources. Financial analysts benefit from the coursework in accounting, finance, economics, and mathematics that is traditionally part of a business major.
Business majors with a strong quantitative orientation to their background can become key players in the insurance industry by working as an actuary. Actuaries calculate the probability of risky events occurring, such as death, injury, accidents, fires, and illnesses, when insurance companies would be liable to pay out claims. They utilize knowledge of accounting, finance, and economics and carry out complex analyses of scenarios based on demographic profiles.Translation We'll translate the most important information for your browsing, shopping, and communications.
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Combine the experience you expect from Amazon, with features that can transform everyday operations. Industry leaders are simplifying processes to enable faster decisions and transform the way employees work. We serve millions of customers across industries in 9 countries, including the U. With Amazon Business, organizations of any size can simplify buying and drive toward their next stage of growth.
Build your case for Amazon Business as an efficient and cost-cutting solution to optimize enterprise operations. We are consolidating orders and shipments with Amazon Business to one day per week timed with our vessel schedules. This adds reliability to our supply chain, and will have a positive impact on our ambition and commitment to be net zero by We've been able to streamline procurement, especially for recurring purchases, efficiently manage employee access to our account, and more easily generate reports we need to do our jobs better.
My primary focus is to leverage the strength of our brand recognition and quality and combine that with B2B channels such as Amazon Business. Customers have access to hundreds of thousands of suppliers, which makes procurement more efficient, and dynamic pricing and discounts drive real value for businesses.
This reduces processing times and allows us to provide autonomy to center directors to get what they need more quickly and efficiently. We used to review purchasing data every two or three months. Now we can look at it in real time, which makes us much more agile in our decision making. When you save thousands of dollars on each transaction, considering the sheer size of our procurement organization and our purchasing activities, it adds up fast.
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