What is the starting salary of a business major?
Question:
What is the starting salary of a business major?
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Answer:
According to salary.com, the starting salary of a business major is around $56,000 annually, with the average salary being $76,000 as of July 28, 2021. The average range for the salary is $57,000 to $101,000 annually, with an average business major earning around $15,000 to $20,000 as bonuses and incentives in the form of social security, pensions, etc.
A major in business administration usually manages the company's overall functioning and is responsible for ensuring the company's normal operations are being executed smoothly. These individuals usually have a Bachelors in either Business administration, Commerce, or any equivalent field with a Master's in Business Administration. Based on the experience and college or university that the individual graduated from, the salary of the business major differs. These Business Majors need to give entrance exams such as GMAT while applying for the Masters and as they analyze trends and financial charts; it is a pre-requisite that they must have basic skills in accounting and finance.
For more information about business majors, check out this article: Master of Business Administration (MBA): Degree Overview
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