Business Career Options
When considering a Bachelor of Business Administration, or BBA degree, it can be helpful to find out which are the highest paying jobs, as well as to find out about job duties for each of these professions.
An educational background in business can be beneficial in the United States, as business makes up the backbone of the economy. According to April 2017 data from PayScale.com, graduates of BBA programs worked in various positions in human resources, finance, accounting, and general management. Out of these careers listed, professionals with the best earnings potentials included financial controllers, human resources managers, operations managers, and financial analysts. It's important to note that while all these careers generally require a business bachelor's degree, some positions require prior experience.
Financial controllers are responsible for planning, directing, and coordinating the financial activities from the perspective of a company's management. These business professionals have a variety of job duties. For their jobs, they may develop and update financial forecasts; prepare monthly, quarterly, and annual financial statements; close their company's monthly books in a timely fashion; and oversee accounts payable, inventory control, information technology, payroll, benefits, and fixed assets.
In addition to earning a bachelor's degree, becoming a financial controller often requires having at least five years of business experience in finance. PayScale.com reported in February 2020 that the median annual salary for financial controllers with a BBA degree was $83,644.
Human Resources Manager
Human resources managers help manage a business' benefits, policies, and regulatory compliance. They may also supervise the recruitment of employees and maintain the functions of compensation, including salary or consulting. Unlike a financial controller, a human resources manager does not focus on finances but rather the business and management planning of an organization. This position usually calls for a bachelor's degree and at least five years of human resources experience.
In February 2020, PayScale.com reported that human resources managers with a BBA degree earned a median annual salary of $66,918. The Bureau of Labor Statistics (BLS) reported that the median salary for human resources managers in general was $113,300 in May 2018.
Operations managers can have a wide range of job duties. Often, they work alongside human resources managers to build better business relationships. Some other common tasks include coordinating procedures such as 401(k), training employees, preparing reports on investigative activities, and maintaining current business practices according to local, state, and federal requirements. These professionals are top executives and usually have significant work experience and a bachelor's or master's degree.
Operations managers with a BBA degree earned a median of $65,374 a year as of February 2020, according to PayScale.com. The BLS also reported that general and operations managers earned a median wage of $100,930 annually in May 2018.
Assisting individuals and companies with financial decision making, financial analysts pay close attention to business trends and examine financial data. These professionals may specialize in risk analysis, portfolio management, ratings analysis, and fund management. Places of employment may include banks, insurance companies, and securities firms. These professionals generally don't need work experience, and a bachelor's degree suffices unless one plans to work in an advanced position.
Financial analysts with a BBA degree made a median annual wage of $59,059 as of February 2020, according to PayScale.com. The BLS reported a median wage of $85,660 for financial analysts as of May 2018.
BBA graduates are qualified to purse high-paying positions as financial controllers, human resources managers, operations managers, and financial analysts, depending on their career goals and previous work experience.