What is the highest paying job in the business field?

Best-paying jobs for business majors

Do you want to be successful in occupations that need a degree in business? The important thing is to concentrate on your studies while you're still in school, and to build professional relationships both before and after you graduate. The next step is to evaluate your talents and figure out which of the business jobs that pay the most are the greatest fit for you.

Students who are highly analytical should give some thought to specializing their education in either statistics or financial analysis, according to Katie Bardaro, lead analyst for the online wage database PayScale.com. Jobs requiring a business degree are anticipated to continue expanding, and there will be a significant need for business graduates in the not-too-distant future. Sectors that rely heavily on data are examples of these types of industries.

In the realm of business, one's connections are just as important. According to Bardaro, the most productive course of action is to concentrate on alumni networks. "Connections are undoubtedly something that come in handy in the business world."

So, what kinds of employment are there that need a business degree yet pay well? The information used to compile this list of the top 11 came from PayScale's College Salary Report. It's true that the amount of money you make depends on your degree of expertise as well as the region of the nation in which you work. For instance, the compensation for the position of financial reporting manager in Henderson, Nevada, is 2 percent more than the national median income, while the salary for the position of personal financial adviser in Exton, Pennsylvania, is 10 percent higher than the national median salary.

Your area of expertise is also an important consideration. Have a look at the employment and wages that are available to business majors. You might also narrow your focus by focusing on certain expertise to gain a clearer view. Take for instance a look at the employment and wages that are associated with majoring in finance. On Monster, you can do a salary search based on your academic major for even more information.


occupations in the business world that pay the most


VP, finance

The majority of students major in Accounting.

What you'd do: The position of vice president of finance is consistently ranked among the highest-paying occupations available in the corporate world. The oversight of all finance-related affairs, including the direction of financial plans and analyses, as well as budgeting and forecasting, falls under the responsibility of vice presidents.

What you'd make: $152,000 a year


Chief executive officer of a company (CFO)

The majority of students major in Accounting.

What you would do: It is the responsibility of the Chief Financial Officer (CFO) to map out a company's financial planning, analyze obligations and investments to maintain risk management, and decide investment plans.

Your annual salary would be $140,000 if you did this.


Finance director

The majority of students major in Accounting.

What you'd do: As the finance director, you'd be responsible for working on the creation of budgets and plans for a full firm, as well as ensuring that the financial procedures of the organization correspond to the most current laws and regulations.

Your annual salary would be 115,000 dollars.


Corporate controller

The majority of students major in Accounting.

What you'd be responsible for: Corporate controllers are in charge of leading a company's accounting department.

Your annual salary would be 102,000 dollars.


Portfolio manager

The majority of students major in finance.

What you'd be accountable for: Portfolio managers are in charge of the investing operations of an individual or organization.

What you'd make: $101,000 each year


Tax manager

The majority of students major in Accounting.

What you'd do: The primary responsibilities of a tax manager are the preparation and filing of a company's state and federal tax paperwork. In addition to this, they ensure that companies comply with the many different tax requirements that exist at the municipal, state, and federal levels.

Your annual salary would be $99,700 if you were employed.


Finance manager

The majority of students major in Accounting.

What you'd do: Finance managers, as the title suggests, are responsible for the financial well-being of a firm. You'd make sure that the company meets all of its obligations. They are responsible for generating reports, interpreting data, and, in general, deciding how and where a company's money should be spent in order to maximize profits.

What you'd make: $98,700 a year


Financial controller

The majority of students major in Accounting.

What you'd do: The primary responsibility of a financial controller, much like that of a finance manager, is to ensure that a company's finances are in good shape. Controllers often concentrate more on accounting and reporting rather than management since that is where their primary responsibility lies.

That works out to an annual salary of $89,400 for you.


Financial advisor

The majority of students major in finance.

What you'd do: Financial advisors help people figure out what to do with their money in order to best meet their needs and goals, whether that be paying for the college education of their children, purchasing a home, or making retirement plans. This is possible because FAs are knowledgeable about finances and investments.

Your annual salary would be $88,000 if you did this.


Analyst of financial markets, securities, and investments

The majority of students major in finance.

What you'd do: These analysts evaluate the performance of stocks, bonds, and other forms of assets in order to assist companies and people in making informed choices on their investments.

That works out to an annual salary of $80,800 for you.


CPA

The majority of students major in Accounting.

What you'd do: Certified public accountants strive to guarantee that individuals and businesses comply with tax rules in the many jurisdictions in which they operate. They are responsible for preparing tax returns, organizing financial data, and providing recommendations on how to raise the amount of money brought in.

The annual salary you may expect is $77,300.


The following stages for a job search

There is no shame in wanting to be successful early on in your career in order to pursue the business positions that pay the greatest salaries; nevertheless, it is frequently tough to get your foot in the door of the industry you are interested in. Need some assistance getting started? Today, you may join Monster without cost. As a member, you have the ability to upload as many as five different versions of your resume, each of which may be customized to the kinds of positions that appeal to you. Daily, recruiters use Monster to hunt for skilled individuals to fill top positions, and you could be one of the prospects they find! You may also get job notifications sent to your email so that you can spend less time browsing through listings. This will help you save time. After all, our industry offers fantastic job opportunities.

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