Business Management: What is My Earning Potential?

Business management degrees are a popular choice for many people because it helps prepare you for a variety of careers and it can help increase your earning potential.

An associate or bachelor’s degree in business management can help you find a job in healthcare, technology, human resources, finance and more. You may even choose to blaze your own path in entrepreneurship! No matter what path you choose, a business management degree can help prepare you for jobs with a strong earning potential.

An associate degree in business management can help you stand out for entry-level and mid-level business-related jobs, such as:

1. Administrative assistant, secretary, or supervisor: In these roles, you may perform a variety of computer-related and clerical and administrative duties, including managing schedules, meeting planning, and executive communications. Administrative jobs can be found in a traditional office setting, as well as the medical, educational, or financial sectors.
2. Sales supervisor or retail store manager: One large focus of this job is supervising and coordinating activities for retail workers in a department or an entire store. In addition, sales supervisors manage day-to-day operations, such as budgeting, marketing, scheduling staff hours, and ensuring the store meets financial goals.

With a bachelor’s degree in business management, your job opportunities and earning potential may be higher. These jobs may include:

1. Human resources manager: Human resources managers plan, direct, and coordinate the administrative functions of an organization. As an HR manager, you’ll play a key role in directing the overall administrative functions of an organization. You may focus on one specialty, such as benefits, or provide expertise in a variety of areas. You may consider pursuing an MBA to increase your qualifications and earning potential even further.
2. Sales manager: Sales managers direct and guide sales teams of varying sizes. They may work in a range of industries, including IT, medical and retail. Sales managers often oversee specific geographic territories, so they may travel more than average or work nights and weekends.
3. Finance manager: As a financial manager, you’ll go beyond basic banking and develop long-term strategies for an individual or organization’s financial wellness. It can be helpful to have experience in accounting or banking. You’ll produce financial reports, oversee and guide investment activities, and help make sound business decisions.
4. Medical and health services manager: In this role, you help coordinate the activities and schedules of healthcare staff, including nurses and aides. Medical service managers work in hospitals, clinics, nursing homes, and private practices. If you’re interested in this career path, you may consider our healthcare administration bachelor's degree program as a healthcare-focused alternative.

Is there a difference between business management and administration?

While employers may use this language interchangeably, there is a general difference between business management vs. administration. Namely, business administration roles typically focus on the big picture, while business management roles focus more on day-to-day tasks.

Both business management and business administration degrees can help you qualify for both day-to-day or big picture roles in business.