There are many people across the United States who are pursuing business-related bachelor’s degrees. Wage numbers available at Salaries Hub clearly show why business-related courses are such an attraction to the majority of Americans. For many people who want high-paying careers, business majors present an irresistible opportunity. Practically all industries require business skills, meaning that job opportunities are distributed quite vastly in the marketplace.
Most students couple their business major with a relevant minor to complement their personal interests. This way, they feel more confident and are better equipped to follow a career path that not only pays the bills but also suits their personality. The following is a list of seven of the highest paying business major careers you can pursue in America today:
Chief Investment Officer (CIO)
CIOs are responsible for an organization’s investment portfolios that will often include managing pensions and general investment activity. Most CIOs will have pursued a finance-related business major. The annual mean wage of a CIO is $187,000.
Chief Accounting Officer (CAO)
A CAO oversees practically every accounting function in an organization, making sure each of them is operating effectively and efficiently. Most CAOs will have pursued an accounting-related business major. The annual mean wage of a CAO is $168,000.
In an organization, it is the tax director‘s responsibility to put in place all accounting procedures associated with income taxes, do tax planning and ensure the company is tax compliant. Almost always, a tax director will have a background in accounting. The annual mean wage of a tax director is $159,000.
Director, Financial Planning & Analysis
The director of financial planning and analysis in an organization is responsible for overseeing the process of reviewing statistical studies with the main objective being to assist in financial planning for the company. The majority of directors of financial planning and analysis will have pursued an accounting-related business major. The annual mean wage of a director of financial planning and analysis is $141,000.
Internal Audit Director
In an organization, internal audit directors are responsible for evaluating and fine-tuning all the company’s financial functions. Most internal audit directors will have pursued an accounting-related business major. The annual mean wage of an internal audit director is $140,000.
Chief Financial Officer (CFO)
Chief financial officers are senior-level executives whose responsibility it is to manage all financial systems that exist in an organization. The majority of CFOs will have pursued an accounting-related business major in college. The annual mean wage of a CFO is $136,000.
Chief Credit Officer
Most Chief Credit Officers work in financial institutions like banks, where people take loans. It is their responsibility to continually evaluate an organization’s loan portfolio with the aim of preventing losses and making sure that every piece of documentation complies with the regulations and standards set by industry regulators. The majority of chief credit officers will have pursued a finance-related business major. The annual mean wage of a chief credit officer is $131,000.
There are many opportunities for business majors in the marketplace. And as you can see with the wage numbers, business majors can prepare you for a high-paying career in practically any environment where money changes hands. So, go ahead and choose which business major you want to pursue and start getting ready to make a decent living off your hard work.