5 High-Paying Business Management Careers

The median annual wage for management occupations is $98,560, the highest wage of all the major occupational groups, according to the Bureau of Labor Statistics. This occupational group will continue to grow due to the expansion of existing businesses and the formation of new organizations. The following management careers represent some of the highest-paying opportunities for professionals.

Advertising, Promotions and Marketing Managers

Advertising, promotions and marketing managers help generate interest in products or services. Working with art directors, sales agents and financial staff members, these managers oversee budgets and contracts, marketing plans and the selection of advertising media. Other duties include initiating market research, negotiating advertising contracts, developing pricing strategies and directing the hiring of staff.

The median annual wage for advertising, promotions and marketing managers is $124,850, and employment is projected to grow 9 percent by 2024.

Human Resources Managers

Human resources managers oversee administrative functions of a company. This includes recruiting, hiring and interviewing staff as well as strategic planning and serving as the link between a company’s leadership and its employees. Other duties include planning and managing employee benefit programs, handling staffing issues and ensuring that the company best uses employees’ talents.

The median annual wage for human resources managers is $104,440, and employment is projected to grow 9 percent by 2024.

Financial Managers

Financial managers help an organization meet their financial goals by producing financial reports, directing investment activities and developing strategies and plans for long-term financial growth. They supervise employees who do financial reporting and budgeting, reviewing financial reports and assisting leadership with making financial decisions.

The median annual wage for financial managers is $117,990, and employment is projected to grow 7 percent by 2024.

Purchasing Managers

Purchasing managers oversee buying materials, products or services for wholesalers, retailers or organizations. Duties include evaluating potential suppliers, attending meetings and conferences to learn about industry trends, negotiating contracts and working out agreements with suppliers. They also supervise, hire and train staff.

The median annual wage for purchasing managers is $108,120, and employment is projected to grow 1 percent by 2024.

Public Relations and Fundraising Managers

Public relations managers oversee the creation of materials that will enhance the employer’s public image, and fundraising managers coordinate campaigns designed to attract donations for the organization. Other duties for public relations managers include writing press releases and preparing information for the media, helping clients communicate with the public and devising promotion programs. Other duties for fundraising managers include applying for grants, identifying potential donors and planning events that can generate donations.

The median annual wage for public relations and fundraising managers is $104,140, and employment is projected to grow 7 percent by 2024.

Pursuing a Management Career

Campbellsville University’s online Master in Management and Leadership provides students with the knowledge and skills needed to pursue managerial roles in the workplace. The curriculum includes team management, business ethics, conflict resolution and more. The program takes place in a flexible and convenient online format.