13 Highest-Paying Business Administration Careers

Business Administration

Why become a business administrator?

“Business administrator” is a broad term that can apply to many roles.

They may hire new employees, implement procedures, plan events, or even run the country.

Departments they may work in include:

  • Human resources
  • Project management
  • Finance
  • More

Here are a few examples of careers that fall under this umbrella:

1. Business Analyst

Business Analyst

Why Become a Business Analyst?

Business analysts handle the day-to-day tasks of a business and help it run efficiently.

They communicate between upper management and other employees, making sure policies and procedures are followed.

Typically, a business analyst works a regular 40-hour week, but overtime is sometimes required.

Business analysts usually need an associate’s or bachelor’s degree, plus a few years of relevant experience.

The median wage is $87,660 a year.

Business Analyst Key Stats
Education3-4 Years
Outlook14.3%

2. Financial Analyst

Financial Analyst

Why Become a Financial Analyst?

Financial analysts examine financial data and use that information to help companies make crucial decisions.

They often work full-time in offices – for everything from small businesses to Fortune 500 companies.

Most employers require financial analysts to have a bachelor’s degree in math, finance, statistics, or a related field.

The average wage for financial analysts is around $83,000/year.

Financial Analyst Key Stats
Education3-4 Years
Outlook10.8%

3. Market Research Analyst

Market Research Analyst

Why Become a Market Research Analyst?

Market research analysts also study data – in this instance, to help a company sell its products or services.

They frequently collect data through things like focus groups and surveys.

Most research analysts work a 40-hour workweek, sometimes under serious deadlines.

Many companies require them to hold a bachelor’s degree.

The average salary is about $65,000 annually.

Market Research Analyst Key Stats
Avg. Salary / year$76,080
Avg. Pay / hour$36.58
Education3-4 Years
Outlook23.2%

4. Loan Officer

Loan Officer

Why Become a Loan Officer?

Loan officers represent banks, credit unions, or other financial institutions.

They meet with loan applicants and collect and evaluate their documentation.

Most loan officers work a regular 40-hour workweek in an office, though they sometimes travel to meet with clients.

Although a bachelor’s degree is not necessary, getting licensed in your state is!

The median wage for loan officers is about $64,000 a year.

Loan Officer Key Stats
Avg. Salary / year$80,570
Avg. Pay / hour$38.74
Education2-4 Years
Outlook11.4%

5. Event Planner

Event Planner

Why Become an Event Planner?

Event planners arrange all aspects of both personal and corporate events, such as parties and weddings.

If you like to be out and about, this is the job for you!

It is uncommon for an event planner to work in the office – they are often onsite.

While this can be fun, hours are frequently long.

The average salary is about $52,000.

Event Planner Key Stats
Avg. Salary / year$57,850
Avg. Pay / hour$27.81
Education4+ Years
Outlook33%

6. Logistics Analyst

Logistics Analyst

Why Become a Logistics Analyst?

Logistics analysts study supply chain processes or product delivery.

They work in almost every industry, and their workweek is often fast-paced and stressful.

An associate’s or bachelor’s degree is usually required to enter the field.

The average wage is an impressive $76,000/year – and the field is expected to explode in the next few years!

Logistics Analyst Key Stats
Avg. Salary / year$79,230
Avg. Pay / hour$38.09
Education4+ Years
Outlook5%

7. Data Analyst

Data Analyst

Why Become a Data Analyst?

Data analysts use statistics to help top-level executives make calculated decisions about a company.

Operations research analysts use advanced mathematical and analytical methods to help solve complex issues.

Typically, analysts work full-time in an office, but they may occasionally have to travel to meet clients.

A degree is required, even for entry-level roles.

The average wage is about $86,000.

Data Analyst Key Stats
Avg. Salary / year$79,230
Avg. Pay / hour$38.09
Education4+ Years
Outlook28%

8. Banker

Banker

Why Become a Banker?

Bankers advise clients on matters surrounding monetary transactions, such as loans, savings, and investments.

Most bankers work full-time in banks, credit unions, or other financial institutions.

You’ll likely need a degree in accounting or finance, especially to work at a commercial or investment bank.

The salary range for bankers is about $48,000 to $58,000, depending on what kind of institution you work in.

Banker Key Stats
Avg. Salary / year$47,830
Avg. Pay / hour$23.00
Education4+ Years
Outlook10%

9. Stock Broker

Stock Broker

Why Become a Stock Broker?

A stockbroker works on behalf of an investment firm, usually trading stocks, bonds, and other commodities for clients.

Although the job sounds glamorous, it is high-stress, and brokers often work long hours.

There are no specific educational requirements, but many employers look for a bachelor’s degree.

In addition, the Series 7 and Series 63 licenses are required.

The average yearly wage is about $65,000.

Stock Broker Key Stats
Avg. Salary / year$47,830
Avg. Pay / hour$23.00
Education4+ Years
Outlook10%

10. Economist

Economist

Why Become An Economist?

Economists collect and analyze data that includes economic indicators.

In layman’s terms, they study the relationship between a society’s resources and output.

Most economists work on a 9 – 5 schedule in an office during regular business hours, but overtime is common.

A bachelor’s degree is necessary even for an entry-level job – but most economists have a master’s degree or higher.

The average yearly wage is around $108,000.

Economist Key Stats
Avg. Salary / year$120,830
Avg. Pay / hour$58.09
Education3-4 Years
Outlook6.1%

11. Entrepreneur

Entrepreneur

Why Become an Entrepreneur?

Entrepreneurs are individuals who start a new business, and they work in many industries.

They may spend their day in a home office, a retail location, or even sitting on a beach.

It all depends on the type of business they start, and the job demands.

Incomes vary widely, and hours are often long, but it is a gratifying venture for those who succeed.

Entrepreneur Key Stats
Avg. Salary / year$120,830
Avg. Pay / hour$58.09
Education3-4 Years
Outlook14%

12. Lawyer

Lawyer

Why Become a Lawyer?

Lawyers provide legal advice, draw up the paperwork, advise clients, conduct legal research, and much more.

They can work in many places, from private offices to government buildings.

Most work at least 40 hours a week, typically more.

Lawyers MUST have a law degree and pass the state’s written bar examination.

The median salary is $126,000 but can vary depending on specialty.

Lawyer Key Stats
Avg. Salary / year$148,030
Avg. Pay / hour$71.17
Education4+ Years
Outlook8.2%

13. Politician

Politician

Why Become a Politician?

A politician is a person who holds government office, typically elected by the people.

No matter their role, all politicians influence law and public policy.

Their main job is to do what they feel is best for the people they represent.

There are many routes to becoming a politician, but law school is often the first steppingstone.

Work hours can vary greatly, as can salary.

Politician Key Stats
Avg. Salary / year$120,430
Avg. Pay / hour$57.90
Education3-4 Years
Outlook6.1%

Jamie Willis