Business Management Training Offers High-Paying Jobs

By Sarah Clark
Career Colleges Columnist

Want to go into management, but aren't sure it's worth the extra training? Think again! According to the Bureau of Labor Statistics, management occupations garnered some of the highest salaries in the United States. In fact, the mean annual wage for management jobs in 2004 was a whopping $87,090.

If variety really is the spice of life, business management professionals are in for a treat. They work in a number of industries, such as real estate, marketing, finance, and education. In 2004, more than six million people were employed in management-related occupations. Here are just a few that might interest you.

Financial Managers
According to the BLS, financial managers "coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department." They work for companies, securities brokerages, and accounting and auditing firms like PricewaterhouseCoopers. They typically hold at least a bachelor's degree in a business or another finance-related field, though many hold a master's degree in business. Their annual mean salaries were just under $100,000 in 2004.

Public Relations Managers
Public relations managers promote the interests of a company through relevant communities and government entities. They craft messages, policies, and programs to advance a particular agenda. For example, an oil company might lobby the government to allow drilling in Alaska, waging a public relations campaign to broaden the appeal of such a policy among voters. Public relations managers will undoubtedly work for the other side too, promoting environmental interests in an effort to protect wildlife. Public relations managers work for businesses, government agencies and nonprofit organizations. They earned a mean salary of $83,490 in 2004.

Chief Executives
It probably comes as no surprise that chief executives are usually the highest paid people in management occupations. The former CEO of Exxon, for example, is well-known for his salary�nearly $150,000 a day. Of course most CEOs, for the time being, don't earn that much. (If they did, there probably wouldn't be much left for the rest of us). According to the BLS, the average CEO earned $140,880 in 2004. The majority of them work in government, company and enterprise management, depository credit intermediation, architectural and engineering services, and schools.

Business Degrees
People working in management often have graduate business degrees. They may, however, have degrees in another discipline related to their industry. Find out today what degree will best prepare you for a career in management.

About the Author
Sarah Clark is a freelance writer specializing in career development and postsecondary education.

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