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Business Administration Salary Guide

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Median Annual Salaries

The U.S. Bureau of Labor Statistics includes more than 30 professions in its salary category for business and financial operations—from buyers and purchasing agents to accountants, market research analysts, and property appraisers and assessors.

Business and Financial Operations Occupations

National data

Median Salary: $79,050

Projected job growth: 5.6%

10th Percentile: $45,480

25th Percentile: $59,590

75th Percentile: $105,360

90th Percentile: $140,490

Projected job growth: 5.6%

State data

State Median Salary Bottom 10% Top 10%
Alabama $71,540 $41,170 $128,350
Alaska $79,500 $50,820 $128,360
Arizona $74,840 $43,710 $129,590
Arkansas $62,310 $35,050 $117,140
California $87,880 $49,270 $165,510
Colorado $82,640 $49,430 $141,970
Connecticut $83,510 $52,670 $144,370
Delaware $82,930 $50,920 $141,170
District of Columbia $103,360 $61,100 $167,800
Florida $74,520 $40,540 $132,000
Georgia $76,300 $41,310 $135,290
Hawaii $73,770 $47,360 $119,410
Idaho $63,980 $38,510 $118,950
Illinois $78,810 $46,380 $141,090
Indiana $68,460 $40,610 $122,440
Iowa $70,470 $44,890 $117,480
Kansas $70,480 $41,870 $122,840
Kentucky $65,000 $39,130 $109,520
Louisiana $63,490 $38,440 $113,110
Maine $74,320 $46,990 $121,740
Maryland $89,070 $51,310 $150,010
Massachusetts $89,800 $52,680 $161,400
Michigan $75,080 $44,300 $127,400
Minnesota $79,720 $49,600 $134,540
Mississippi $60,530 $34,980 $108,330
Missouri $70,100 $40,470 $129,160
Montana $64,290 $41,200 $110,140
Nebraska $66,170 $42,940 $109,100
Nevada $70,290 $38,020 $129,980
New Hampshire $77,460 $46,470 $130,200
New Jersey $94,860 $58,010 $161,560
New Mexico $69,760 $42,460 $124,070
New York $97,440 $54,080 $176,260
North Carolina $77,430 $44,630 $136,410
North Dakota $69,330 $45,980 $115,190
Ohio $74,780 $43,660 $126,570
Oklahoma $67,870 $38,480 $119,770
Oregon $77,250 $47,710 $128,730
Pennsylvania $74,450 $43,360 $128,030
Rhode Island $80,910 $47,490 $135,360
South Carolina $69,570 $40,420 $128,020
South Dakota $71,990 $48,630 $110,220
Tennessee $65,480 $38,920 $121,750
Texas $76,000 $42,200 $132,910
Utah $67,140 $38,460 $125,420
Vermont $73,420 $48,530 $121,400
Virginia $85,030 $47,940 $160,470
Washington $88,590 $55,170 $157,780
West Virginia $63,410 $37,430 $112,780
Wisconsin $73,410 $45,610 $122,790
Wyoming $72,000 $41,660 $136,100

Source: U.S. Bureau of Labor Statistics (BLS) 2023 median salary; projected job growth through 2032. Actual salaries vary depending on location, level of education, years of experience, work environment, and other factors. Salaries may differ even more for those who are self-employed or work part time.

In this Article

Business administration includes an array of careers that require the management and operational skills crucial to running a business. That means business administrators can be found in many different kinds of companies and industries with a spectrum of salaries.

Because the BLS job category for business and financial operations is so broad, here's a look at some BLS salaries for individual careers.

Salaries for Popular Business Administrator Occupations

Career Median Annual Salary
Logisticians $79,400
Financial and Investment Analysts $99,010
Marketing Managers $157,620
Lodging Managers $65,360
Medical and Health Services Managers $110,680

What Factors Affect Salary Level?

Your job title and role will affect your salary, but they aren't the only factors. Your education, experience, certification, and employer can also influence your pay.

Education: Advanced Degrees Can Lead to Higher Salaries

You can begin your career in business administration with an associate, bachelor's, or master's degree. While you can launch your career with any of these degrees, but the higher the degree, the higher your salary likely will be.

As a general rule, you'll earn more with a bachelor's degree than you will with an associate degree. If you earn a master's degree, you'll have the potential to earn even more. In fact, survey data published by the Graduate Management Admission Council shows that earning a Master of Business Administration (MBA) can increase your salary by an average of 77% over what professionals with a bachelor's degree might earn.

Experience and Certification Showcase Your Skills, Create Opportunities for Advancement

As with most careers, your salary in business administration can increase as you gain more experience. As you build your knowledge, expertise, and skills, you may be tapped for leadership positions or to manage projects. Responsibilities like these generally come with higher salaries.

Additionally, job performance can be a large factor in earning salary increases.

"There's a funny little saying we use: 'Make your boss look good, make your boss's job easier.' It's a way of just saying go in and do your job, knock it out, and‌ always ask for more," says Ralph Griffith, BA, MBA, DBA, an associate professor of entrepreneurship at Lenoir-Rhyne University. "When I'm mentoring young men and women, I always advise them to be ambitious and see what else they can be working on. It's a way to get exposure across the organization. [Your boss] will see someone who's excited, can handle their current workload, and can take on smaller projects as part of multifunctional teams. They'll remember that when they're looking to fill roles and advance people."

"There's a funny little saying we use: 'Make your boss look good, make your boss's job easier.' It's a way of just saying go in and do your job, knock it out, and‌ always ask for more."

Certification is a great way to demonstrate expertise and skill in business administration and stand out among your peers and job candidates. In some cases, employers might help pay the fees for the courses and tests you need to earn a certification, or they might compensate you after you pass a certification exam.

Certifications can prove you have the knowledge to oversee essential aspects of business administration. For example, becoming a Certified Supply Chain Professional (CSCP) can help show an employer you're the right candidate for a related role. Similarly, Salesforce Administrator Certification (SAC) can help a resume for a marketing manager position rise to the top.

Different Workplaces Tend to Have Different Salaries

The industry you work in can also make a big difference in your pay. For instance, you'll generally make more working with investment accounts and portfolios than you will preparing taxes.

However, keep in mind that average salaries are not a rule. There will always be exceptions, and factors such as experience and education will still make a significant difference in your pay.

Top-Paying Industries for Business Administrators

IndustryAnnual Salary for Business Admin Role
Pipeline Transportation of Crude Oil$119,690
Securities, Commodity Contracts, and Other Financial Investments and Related Activities$135,250
Computer and Peripheral Equipment Manufacturing$120,910
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures$118,340
Monetary Authorities-Central Bank$116,840

What Is the Job Outlook for Business Administrators?

According to the BLS, job growth in operations management occupations that correlate with business administration roles is projected at 4.2% through 2032, about the same as for all occupations. This translates into about 715,100 new jobs over the decade. However, job growth will vary by the field.

CareerProjected Growth Through 2032
Supply Chain Manager/ Logistician18.3%
Financial Analyst7.6%
Marketing Manager6.6%
Hospitality Manager6.7%
Healthcare Administrator28.4%

Finding a Job: How to Stand Out From the Competition

The job market for those in business has become increasingly competitive, and many roles now require more education.

Technology plays a big role in business, so the more knowledge and experience you have with computers and software, the better you may fare when it comes to job opportunities.

What can help you stand out and rise above the competition? Having in-demand skills in areas such as:

  • UX design
  • Cloud computing
  • Blockchain development
  • Affiliate marketing
  • Artificial intelligence
  • Video editing and production
  • Data analytics
  • Machine learning

Keep in mind that the level of competition you'll face will vary among business administration career paths. For example, there's expected to be a huge demand for medical administration and supply chain professionals over the next decade.

Healthcare, in general, is facing a shortage of qualified professionals. This can make the competition for roles in healthcare administration very different from the competition for other roles.

Find business administration salaries for your state

Learn what you may be able to earn in your state, how the cost of living and other factors could impact your pay, why education matters—especially in business administration leadership roles—and much more.


stephanie behring

Written and reported by:

Stephanie Srakocic

Contributing Writer

With professional insight from:

Ralph Griffith

Associate Professor of Entrepreneurship, Lenoir-Rhyne University