20 Best Paying Jobs for College Business Majors: 2017

ThinkAdvisor used PayScale’s College Salary Report, which gathered information from 2.3 million college graduates

The cost of college continues its march higher, so it stands to reason that you might want to get the most bang for your bucket of bucks after you graduate. For this article, culled from PayScale’s detailed study of salaries related to college degrees of all stripes, ThinkAdvisor focused on college business majors, which accounts for one third of all bachelor degrees in the United States and, of course, is most related to the financial services arena.

Payscale’s College Salary Report for 2017-18 gathered information from 2.3 million college students. The sample considered for the salary report was 2.3 million college graduates from more than 92% of schools with undergraduate enrollment of 1,000 and 98% of schools with 5,000 enrollment.

(Related: 10 Best Jobs of the Future: 2017 and 30 Best Paying College Majors: 2017)

To figure the salary, PayScale combined base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime, and other forms of cash earnings, but not stock compensation.

So, check out the list and see what the 20 best paying jobs are for business majors--and if you have an accounting degree feel free to celebrate.

20 Best Paying Jobs for College Business Majors

Senior Financial Analyst

20. Senior Financial Analyst

  • Median Mid-Career Pay: $87,500
    (median salary for alumni with 10+ years’ experience)
  • Most Common Major: Finance
  • % Workers With Major: 32%
  • % With High Job Meaning: 35%
    (% of alumni of say their work makes the world a better place)

Financial Controller

19. Financial Controller

  • Median Mid-Career Pay: $88,200
  • Most Common Major: Accounting
  • % Workers With Major: 55%
  • % With High Job Meaning: 44%

Cost Accounting Manager

18. Cost Accounting Manager

  • Median Mid-Career Pay: $91,700
  • Most Common Major: Accounting
  • % Workers With Major: 71%
  • % With High Job Meaning: N/A

(Related: 10 Best Jobs of the Future: 2017)

Manager of Accounting & Financial Reporting

17. Manager of Accounting & Financial Reporting

  • Median Mid-Career Pay: $92,700
  • Most Common Major: Accounting
  • % Workers With Major: 56%
  • % With High Job Meaning: N/A

Director of Finance & Administration

16. Director of Finance & Administration

  • Median Mid-Career Pay: $97,300
  • Most Common Major: Accounting
  • % Workers With Major: 38%
  • % With High Job Meaning: 66%

Plant Controller 

15. Plant Controller

  • Median Mid-Career Pay: $101,000
  • Most Common Major: Accounting
  • % Workers With Major: 60%
  • % With High Job Meaning: 48%

(Related: 30 Best Paying College Majors: 2017)

Corporate Controller

14. (tie) Corporate Controller

  • Median Mid-Career Pay: $102,000
  • Most Common Major: Accounting
  • % Workers With Major: 60%
  • % With High Job Meaning: 39%

Financial Reporting Manager

14. (tie) Financial Reporting Manager

  • Median Mid-Career Pay: $102,000
  • Most Common Major: Accounting
  • % Workers With Major: 63%
  • % With High Job Meaning: 32%

Accounting Director

12. (tie) Accounting Director

  • Median Mid-Career Pay: $108,000
  • Most Common Major: Accounting
  • % Workers With Major: 69%
  • % With High Job Meaning: 43%

Director of Finance

12. (tie) Director of Finance

  • Median Mid-Career Pay: $108,000
  • Most Common Major: Accounting
  • % Workers With Major: 38%
  • % With High Job Meaning: 56%

Business Unit Controller

10. Business Unit Controller

  • Median Mid-Career Pay: $113,000
  • Most Common Major: Accounting
  • % Workers With Major: 48%
  • % With High Job Meaning: 39%

 

(Related: 10 Best Jobs of the Future: 2017)

 

Manager, Financial Planning & Analysis

9. Manager, Financial Planning & Analysis

  • Median Mid-Career Pay: $115,000
  • Most Common Major: Finance
  • % Workers With Major: 33%
  • % With High Job Meaning: 37%

Director of Accounting & Financial Reporting

8. Director of Accounting & Financial Reporting

  • Median Mid-Career Pay: $128,000
  • Most Common Major: Accounting
  • % Workers With Major: 68%
  • % With High Job Meaning: 40%

Senior Finance Manager

7. Senior Finance Manager

  • Median Mid-Career Pay: $130,000
  • Most Common Major: Finance
  • % Workers With Major: 28%
  • % With High Job Meaning: 45%

(Related: 30 Best Paying College Majors: 2017)

Senior Tax Manager

6. Senior Tax Manager

  • Median Mid-Career Pay: $141,000
  • Most Common Major: Accounting
  • % Workers With Major: 70%
  • % With High Job Meaning: 29% 

Internal Audit Director

5. Internal Audit Director

  • Median Mid-Career Pay: $142,000
  • Most Common Major: Accounting
  • % Workers With Major: 63%
  • % With High Job Meaning: 35%

Chief Financial Officer

4. Chief Financial Officer (CFO)

  • Median Mid-Career Pay: $152,000
  • Most Common Major: Accounting
  • % Workers With Major: 52%
  • % With High Job Meaning: 65%

Tax Director

3. Tax Director

  • Median Mid-Career Pay: $169,000
  • Most Common Major: Accounting
  • % Workers With Major: 67%
  • % With High Job Meaning: 35%

(Related: 10 Best Jobs of the Future: 2017)

Partner, Accounting Firm

2. Partner, Accounting Firm

  • Median Mid-Career Pay: $196,000
  • Most Common Major: Accounting
  • % Workers With Major: 86%
  • % With High Job Meaning: 58%

Chief Accounting Officer

1. Chief Accounting Officer (CAO)           

  • Median Mid-Career Pay: $198,000
  • Most Common Major: Accounting
  • % Workers With Major: 81%
  • % With High Job Meaning: N/A

--- Related on ThinkAdvisor:

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