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Salary for Graduates with a Masters Degree in Business Management

Degree programs in business management typically cover strategic management, organizational leadership, finance and management information systems. Find out about the career outcomes of these programs, and learn about job growth and salary info for master's-level business management program graduates.

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Graduates of a business management master's degree program can plan to move into a few different fields, including financial management and management analysis. Both careers are expected to experience growth in employment opportunities through 2024.

Essential Information

Graduates with a master's degree in business management can choose among many jobs on the financial management career path, including controller, cash manager, branch manager, and treasurer. Degree-holders may also qualify for non-supervisory positions as management analysts. Undergraduate majors that can prepare students to pursue a master's degree in business management include finance, accounting, business administration and management. Business management careers requiring a master's degree typically have high salaries.

Career Titles Financial Managers Management Analysts
Education Requirements Bachelor's degree at minimum; some employers prefer candidates who have a master's degree Bachelor's degree at minimum; some employers prefer candidates who have an MBA degree
Projected Job Growth (2014-2024)* 7% 14%
Mean Annual Salary (May 2015)* $134,330 $91,770

Source: *United States Bureau of Labor Statistics

Find schools that offer these popular programs

  • Actuarial Sciences
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  • eCommerce
  • Logistics, Distribution, and Materials Management
  • Management Science
  • Office Management
  • Operations Management
  • Public and Nonprofit Organizational Management
  • Purchases, Acquisitions, and Contracts Management
  • Transportation Management

Career Options

Graduates holding a master's degree in business management have education in accounting, finance, employee management, marketing, and communications. The degree prepares individuals for jobs as managers of all sorts but may also qualify them for other business-related jobs under the umbrella title of financial manager, or in non-managerial careers as a management analyst.

Financial Manager

The specific job duties of a financial manager depends on which job title he or she holds. These professionals deal with the financial aspects of meeting their companies' long term goals. Job titles include:

  • Controller
  • Credit manager
  • Cash manager
  • Risk & insurance manager
  • International banking manager
  • Treasurer
  • Finance officer
  • Branch manager

Branch managers work at financial institutions such as banks and oversee the goings-on of their particular branch. Risk managers use techniques such as hedging to protect companies from the volatility of the commodities market and price changes. Many of these jobs require only a bachelor's degree at entry level, but the highest-paying and best jobs often go to more qualified master's degree holders.

According to the U.S. Bureau of Labor Statistics (BLS), the average annual wages of financial managers were $134,330 in May of 2015.

The BLS also predicted that job growth would move at an average rate of 7% from 2014-2024 and that there would be much competition for these jobs. The best job opportunities were expected to be available to those with master's degrees or additional financial certifications (www.bls.gov).

Management Analyst

Management analysts use their knowledge to help employers identify ways in which they might be wasting resources or money. Their overall job is to make sure that businesses are running as efficiently as possible given their situations and resources.

The BLS reported mean annual wages of $91,770 for management analysts as of May 2015. PayScale.com reported in September 2016 that most financial analysts (who are similar to management analysts) with an MBA earned from $48,166 to $81,412 at that time.

At 14%, job growth was expected to increase at a much faster than average rate from 2014-2024. In spite of this, high job competition was still expected for management analysts as high potential earnings and independence associated with the job draws applicants. The BLS stated that the best jobs are expected to go to those who hold a graduate degree and have specialized expertise (www.bls.gov).

Financial managers and management analysts can look forward to average to much faster than average job growth. They can also expect to earn a mean average of $134,330 and $91,770 per year, respectively.

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