Business Major: Internships & Job Salary 10 Tips
Business Major: Internships & Job Salary 10 Tips
Being a business major, as revealed in discussions on the same over at runrex.com, makes you a competitive candidate in almost any professional field as it is one of the most versatile college majors out there. However, with so many fields to choose from, it can be difficult to decide what career path is good for you, which is where an internship comes in according to the subject matter experts over at guttulus.com. If you are a business major and are wondering how to proceed as far as an internship is concerned, as well as what career or job to pursue and what you will earn, then you are in the right place as this article, through the following 10 tips, will look to help you with that.
Importance of an internship for business majors
A business major, as covered over at runrex.com, has so many career path options to choose from as far as internships are concerned, which means you will have no shortage of options to choose from. Taking an internship as a business major is important as it will help you gain skills in teamwork, organization, accountability, problem-solving, among others as outlined over at guttulus.com. Internship opportunities for business majors can foster great exploration of the field, particularly since there are so many paths in business to consider and understand.
Are internships necessary for business majors
According to discussions on the same over at runrex.com, while internships are not required for business majors, they offer excellent opportunities for growth and experience. From business internships for undergraduates to excellent seasonal business internships, you will be able to build both hard and soft skills as well as network, which will help you land full-time employment when you graduate with your business major.
Are business internships paid?
One of the questions most business majors find themselves asking is if business internships are paid. According to the subject matter experts over at guttulus.com, the answer to this question is Yes, there are opportunities for paid business internships out there. You can either find such opportunities through networking or by searching and applying for paid internship opportunities online through the various online job boards.
How much does a business intern make?
While the amount you will make as a business intern will vary depending on the company and location, on average, as articulated over at runrex.com, a business intern in the United States earns about $14.72 per hour. The best-paying cities in the US for business interns include Chicago, New York City, and Boston, while some of the top-paying companies for business interns in the US include GEICO, the Federal Reserve Bank of Richmond, National Rural Electric Cooperative Association, among others.
Types of internships for business majors
As already mentioned, and covered in detail over at guttulus.com, there are so many fields to choose from as a business major when it comes to internship opportunities. Of the many options, some of the most common internships for business majors include product marketing internship, sales and marketing internship, business consulting internship, business management internship, management consulting internship, business development internship, and many others.
The average salary for business majors
Given the sheer number of options available for one to choose from when they graduate with a business major, how much you will earn also varies greatly as explained over at runrex.com, depending on the route you decide to take. The average annual pay for full-time jobs in business for business majors ranges from $38,000 to $70,000. The median annual salary for business and financial operations professionals is about $68,350, although salaries vary widely by role.
Earning potential for business majors
While many professionals go on to lead long and happy careers after they earn a bachelor’s degree without any additional credentials, it is worth noting that your earning potential as a business major will increase if you go on to earn an MBA according to the gurus over at guttulus.com. Therefore, this is something you should consider if you want to earn a higher income as a business major holder.
Top Jobs for business majors
Given that there are plenty of jobs you can get with a business degree, it is easier to highlight the most popular jobs for business majors and the salaries attached to them. They include working as an accountant which has an average base pay of about $56,600, a management consultant with an average base pay of $105,000, a financial analyst with an average base pay of $66,000, an actuary which has an average base pay of $105,000, a supply chain analyst which has an average base pay of $60,000 and many others as outlined over at runrex.com.
The job outlook for business majors
As pointed out by the gurus over at guttulus.com, the Bureau of Labor Statistics says that the job outlook for business majors is quite positive. The BLS states that employment of business and financial operations occupations is projected to grow 10% up to 2026, from 2016, which is faster than the average for all occupations, adding about 773,800 new jobs.
In addition to the salary business majors take home, there are lots of benefits and perks that are attached to business and financial operations jobs, applying to both internships and full-time employment as outlined over at runrex.com. They include medical insurance, retirement benefits, paid time off such as sick leave, vacation, and holidays, a flexible schedule including opportunities to work from home in certain instances, professional development assistance, and so forth.