Business school prepares you for a wide variety of careers. If you’ve just graduated from a Business Master’s or MBA program, you’re probably excited to get out there and get the job of your dreams. But what if you also want to earn a significant salary? What are the highest paying business jobs for b-school graduates?
If you are looking for a high-paying job, you’re in luck. Business is one of the industries with some of the highest-paying jobs, especially in sectors like IT or finance. Elsewhere, areas like technology and insurance can also offer huge salaries for people who are just out of university.
So, let’s find out exactly what the highest paying business jobs are for both Business Masters and MBA graduates, based on yearly salaries.
The Highest Paying Business Jobs for Master’s Grads
1. Data Analyst
Average salary: €55,000
A career as a data analyst is a popular route for business master’s grads who are also interested in statistics and analysis. You’ll need to be detail-oriented and organised to excel in this role, and have the ability to communicate in both verbal and visual ways. However, the hard work as an analyst pays off, as data analysts in Europe can often earn well over €50,000 per year.
2. Finance Manager
Average salary: €75,000
Finance is one of the highest-paying industries, and business master’s graduates can jump into a managerial position after graduating from business school. You’ll primarily use your leadership skills in your role as a finance manager, but in-depth knowledge of the financial world is also essential. This means it suits people who have studied a Masters in Finance or a Masters in Management with a specialisation in finance.
3. Marketing Manager
Average salary: €50,000
Marketing is one of the more creative areas for business graduates. The role can also come with huge salaries of €50,000 or more depending on the company you work for. In this day and age, you’ll likely be responsible for digital marketing, so knowledge of social media is necessary.
4. Chartered Accountant
Average salary: €60,000
Accountancy is often overlooked in favour of more glamorous positions like financial managers or investment bankers, but it’s actually one of the highest-paying business jobs around for master’s graduates. You can expect salaries of €60,000 per year, sometimes rising to €80,000 per year at the biggest accounting companies like PwC.
5. Project Manager
Average salary: €70,000
Project management is a lucrative sector, and will require all of the skills you’ve gained during your business masters. This includes knowledge of finance, leadership, marketing, and operations, as you’ll be managing a project from start to finish. With all this responsibility, though, comes high salaries, often of up to €70,000 per year in most of Europe.
The Highest Paying Business Jobs For MBA Grads
6. Investment Banker
Average salary: €75,000
Investment banking is a popular career route for MBA graduates as it can often mean working for some of the biggest companies in the world. This includes banks such as JP Morgan and Goldman Sachs. As an investment banker, you’ll be focused on raising capital for companies, and you’ll need good numerical skills and an interest in the world of finance to excel.
7. Senior Data Analyst
Average salary: €80,000
While business master’s graduates may find entry-level roles in data analysis, an MBA can jump into the sector at a more senior level. This means higher salaries, especially at the largest European companies. As a senior data analyst, you’ll have the same responsibilities as a junior employee, but you’ll also work more closely with clients.
8. Management Consultant
Average salary: €70,000
Management consulting firms like Deloitte and KPMG have long been some of the biggest recruiters of MBA graduates. A career as a management consultant means working on a variety of projects at a high level and comes with huge salaries. If you stick around at the biggest companies, you could even see a yearly salary of over €100,000.
9. Senior Project Manager
Average salary: €90,000
As with data analyst roles, MBAs can enter project management positions at a much higher level than business master’s graduates. This means you could see a yearly salary of nearly €100,000. However, you could see higher salaries for more lucrative projects. This role will require high-level communication, analysis, and leadership skills, but it’s worth it for the high salary.
10. Chief Financial Officer
Average salary: €150,000
The pinnacle of MBA careers is a place in the C-Suite, and if you have the required experience and knowledge, you could jump straight into one of these positions. A Chief Financial Officer is one of the more popular routes, especially for graduates with a specialised MBA in Finance. You’re unlikely to see less than a six-figure salary in this role, with some companies offering more than €200,000 per year.
There are plenty of lucrative careers for business school graduates, and it’s one of the best industries if you’re also looking for a high salary. You’re not alone in searching for a high salary, either. 38% of business students apply for a postgraduate degree exclusively to increase their salary.
Hopefully, this article has given you an idea of some of the many high-paying business jobs you could pursue after you’ve graduated from business school. To find out more about business careers, check out our article on 5 ways to increase your salary after an MBA.