Business & Finance Careers & Employment

Business Management Salary Information

    General

    • The average salary from those who have a Bachelor's of Science Degree ranges from $39,797 to $73,707 per year, according to Pay Scale figures from May 2010. Many also receive a bonus that ranges from on average $972 to $7,370 a year in addition to other benefits.

    Job

    • The most significant factor in determining salary is the actual job a person with this degree obtains. For example, according to Pay Scale, in 2010, a general operations manager with this degree typically brought in $65,162 a year. On the other hand, a retail store manager earns on average $45,179 a year, and construction project managers typically earn around $60,924 each year. Human resources managers bring in a median salary of $57,568 while human resource directors earn on average $73,707 a year. Bank tellers holding this degree typically earn $10.40 a hour, while customer service representatives earn $12.70 and office managers make about $16.97 an hour.

    Experience

    • Years of experience can increase the salary of someone with this degree. Typically for every five years of working in the field, the average annual salary increases by $5,000.

    Employer

    • The employer of someone who has a degree in business management can have a significant impact on his salary. For example, the average annual salary for people working in a nonprofit with this degree is $45,849 a year. For individuals working in state or local government the salary is $50,956 a year, but for those working for the federal government it increases to $63,613 a year. When employed by a franchise the average is only $40,913, as opposed to the median for those who are self-employed, which is $58,614. For people working for other companies the average annual salary is $56,013.

    Universities

    • The institution from which an individual receives this degree is very relevant. For example, the average annual salary for people who earned this degree from Arizona State University is $62,362 a year. When the degree comes from University of Maryland, however, the average increases to $70,223 per year. For those who attended Pennsylvania State University the median yearly income is $56,757.

    Industry

    • The average annual income for those with a business management degree working in the financial industry is $58,388 a year. For the health care industry it is $56,072, for retail the typical annual income is $52,407, and for the banking industry it is $46,487 per year.

    Gender

    • As with most professions, males who graduate with this degree typically have a higher yearly income than females. Males earn on average $10,690 more a year than women.

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