5 answers

Which field in Business is the highest paying career?

Updated

I am still undecided what field in Business i should major in. Business is one of the biggest major or career out there with a bunch of choices. #business #finance #accounting #international-business #corporate-finance #financial-accounting #undecided

5 answers

Oliver’s Answer

Updated

Hi there, I think you are stating the wrong question: what is it you are really interested in? High payout comes from commitment and the skill you are able to bring into your job. Besides that: Income and career maybe minor concerns. Don't get me wrong: a well payed and "good" job is really great, but most important is the work-life-balance. What shall you do with all the money earned when you don't have the time or beloved ones to spend it with? Good luck!

Jason’s Answer

Updated Bethesda, Maryland

As mentioned Investment Banking probably has the highest compensation BUT it's pretty much only in NYC and the job is high stress and you make money if you earn the firm money.

I agree with other replies that money is not the only consideration, but I'm also not going to say you should ignore it. If you google job satisfaction and motivation, you'll see that most people list money somewhere in the middle and things like challenging work, learning new skills, good co-workers and things like that rank higher.

The reality is if you have a degree and get a job with any company after you graduation you'll be ok monetarily. Life has a way of balancing out. and you find the equilibrium of your salary and your lifestyle quickly. And most of your social circle will probably be from work or college so they'll be in same boat.

You can always change majors but check out finance and accounting classes. If they don't resonance or make sense then switch to marketing or human resource type. Or give computer development a look. A business major with coding skills could be a solid route. Personality tests are ok but none of the tests I take say I should be an accountant but I am and I love it, so take those with a grain of salt too.

Last bit of advice - it's ok to get it wrong and figure it out later in life. If you work till late 60s that will be 40+ years of a career. If the first 4 years were in the wrong field, you still will be in the right field for 90% of your work life which is not a bad things at all.

Good luck

Christan’s Answer

Updated Washington, Washington
Private Equity, if you can get it.

Vincent’s Answer

Updated Québec City, Canada

Hi Deema,

Like Oliver mentioned, you have to ask yourself in which field of business you are the best. Which field do you enjoy the most? If you like what you are working on, you are going the get way better than people who choose the field for the money. At the beginning, they are probably going to make more money than you. But, by the time, if you like what you're going to do, you're going to get better and better and you will probably end up by making more money than they will. And if you don't, you are going to be happy. That's is the most important thing. You can earn as much money as you want, but if you don't like what you're working on, money ain't going to make you happy.

You have the opportunity to choose your career, you should take this opportunity to invest in yourself by choosing a field of study that you like.

Hope this little advice is going to help you.

David’s Answer

Updated Indianapolis, Indiana

Typically you hear stories of IB or Investment Banking students getting the highest salary out of college.

My path was a little different. I was an Entrepreneurship major and started a business the summer after my junior year at IU. It was fairly successful and I'm pretty sure I outpaced many of the IB students. However, I've had a couple businesses that have been a little more challenging.

I'd encourage you to find a path within the business field that fits your strengths and personality. Strengths Finder, Myers Briggs and Devine Inventory are all good assessments in my opinion.

Onward and upward,

David Hosei

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