Best Schools for Business Majors

Alison Plaut
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Updated on July 31, 2024
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Is a business degree worth it? How much can you actually earn? Explore the best undergraduate business schools and popular business careers.

A business major can launch you into leadership positions, help you start a company, and even land you a high-paying job. Common coursework includes business management, marketing, accounting, statistics, and human resources management.

There are many types of business degrees. For example, you could specialize in business administration, business management, finance, or accounting.

Top undergraduate business programs offer a quality education and high student success rates. Here, we round up the best schools for business majors and the best jobs you can get with a bachelor’s in business.

Featured Online Business Programs

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Best Undergraduate Business Schools by Subject

Use the jump links below to learn more about the best schools for business majors. Explore the specializations that interest you the most, from business administration to marketing.

Accounting

A bachelor’s program in accounting prepares you to work as an accountant in areas such as corporate finance, nonprofit accounting, and government accounting. According to the Bureau of Labor Statistics (BLS), the median salary for accountants and auditors was $79,880 in May 2023.

Business Administration

Business administration is one of the most popular business degrees. A bachelor of business administration, or BBA, prepares you for many business careers, including as a financial analyst, HR manager, marketing, and financial advisor.

Business Management

A bachelor’s in business management prepares you for management positions in an array of industries. This degree equips you with the practical skills needed to manage a team and lead organizations.

Construction and Project Management

If you want a career involving leading projects, consider getting a bachelor’s in construction or project management.

Entrepreneurship

A bachelor’s in entrepreneurship prepares you to start your own business. In this program, you’ll hone critical skills like leadership, risk management, creativity, and communication. Courses you might take include social entrepreneurship, entrepreneurial management, venture creation, and entrepreneurial finance.

Finance

Simply put, a bachelor’s in finance prepares you for a career in finance. With a finance degree, you could become a financial analyst, investment analyst, financial manager, or financial director. Financial analysts earned a median annual salary of $99,890 (BLS, May 2023).

Human Resources

Human resources encompasses the human aspects of a business, from a company’s culture to employee satisfaction. HR specialists and managers are responsible for recruiting new employees, overseeing employee benefits programs, coordinating professional development, and ensuring compliance with labor laws.

Marketing

Marketing allows you to apply your business skills to diverse industries to help businesses grow. You can consider diverse specializations within marketing, such as content marketing, product marketing, internet marketing, and event marketing.

Sports, Hospitality, and Other Management

Business management is a popular degree — but you can narrow your expertise even further with a specialization like sports management, hospitality management, supply chain management, or nonprofit management.

What Are the Highest-Paying Business Majors?

According to a 2023 Payscale report, some of the highest-paying business majors include economics and management, public accounting, and corporate finance. Each of these majors boasts a median mid-career salary of around $150,000 or higher.

A double major in two business-related subjects — such as business management and economics — can help you stand out when applying for jobs. If your school offers it, you might also consider an interdisciplinary business major, like business and IT or business and finance.

Top 10 Highest-Paying Business Majors 2023
MajorMedian Early Career SalaryMedian Mid-Career Salary
Applied Economics and Management$76,500$164,400
Managerial Economics$74,700$153,300
Public Accounting$69,700$151,200
Corporate Accounting and Finance$76,800$149,600
Marine Transportation Management$78,700$148,000
Entrepreneurship and Marketing$63,200$145,800
Business and Information Technology$71,400$134,700
Energy Management$70,100$134,100
Business and Economics$66,500$131,700
International Business and Finance$69,000$130,800
Source: Payscale 2023 College Salary Report

Is a Business Degree Worth It?

Compared to other majors, business often has a higher return on investment because of the possibility of above-average entry-level and mid-career salaries.

Additionally, you can use a bachelor’s in business in many types of industries, from technology to sports to hotel management.

To determine whether a bachelor’s in business is right for you, think about your interests, career goals, and budget.

Pros of a Business Degree

  • check-circle A bachelor’s in business can prepare you for an MBA or leadership position.
  • check-circle Business grads can earn high salaries in the six figures based on mid-career median salaries reported by Payscale.
  • check-circle A business degree is flexible — you can use it in many industries and roles.

Cons of a Business Degree

  • x-circle It doesn’t prepare you for a more specialized role in a field like IT or medicine.
  • x-circle Some businesses prefer applicants with an MBA, which means an additional 1-2 years of school.
  • x-circle Some business jobs are extremely competitive.
  • x-circle If you don’t like math, spreadsheets, or statistics, a business curriculum could feel tedious.

Frequently Asked Questions About Business Degrees

A business degree isn’t usually considered the most difficult college major — or the easiest. Its math-heavy curriculum can make it a less attractive option if you don’t like or are not particularly skilled at math.

That said, if you’re willing to work through anything you don’t understand or ask your professors and peers for help, you can succeed. Business professors are generally happy to spend extra time helping students.

Strong communication, quantitative reasoning, financial analysis, leadership, management, and negotiation skills can help you excel in a business major.


Note: The insights on this page were reviewed by an independent third party compensated for their time by BestColleges. Page last reviewed July 13, 2024.

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