- Your specialty or industry: The specific industry or specialty you work in can have a big impact on your earning potential. For example, general business graduates who work in finance or consulting tend to earn more than those who work in sales or customer service.
- Your level of experience: As you gain more experience in your field, you can expect your earning potential to increase. This is because employers value experienced employees who have a proven track record of success.
- Your location: The cost of living in your geographic area can also affect your earning potential. General business graduates who live in large metropolitan areas tend to earn more than those who live in rural areas.
- Your education: The type of degree you earn and the school you attend can also impact your earning potential. General business graduates from prestigious universities tend to earn more than those who graduate from less-known schools.
According to the National Center for Education Statistics (NCES), the median annual wage for general business graduates was $63,050 in May 2020. The top 10% of earners made more than $101,000, while the bottom 10% earned less than $40,000.
Some of the highest-paying jobs for general business graduates include:
- Financial manager
- Marketing manager
- Human resources manager
- Operations manager
- General manager
With a degree in general business, you can pursue a wide variety of career opportunities. The earning potential for general business graduates is strong, and with hard work and dedication, you can achieve financial success.