Some of the skills we found on business associate resumes included "customer service," "communication," and "medical records." We have detailed the most important business associate responsibilities below.
After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a business associate. We found that 59.5% of business associates have graduated with a bachelor's degree and 10.3% of people in this position have earned their master's degrees. While most business associates have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every seven business associates were not college graduates.
Those business associates who do attend college, typically earn either business degrees or accounting degrees. Less commonly earned degrees for business associates include finance degrees or law degrees.
When you're ready to become a business associate, you might wonder which companies hire business associates. According to our research through business associate resumes, business associates are mostly hired by Santander Consumer USA, JPMorgan Chase & Co., and Santander Bank. Now is a good time to apply as Santander Consumer USA has 101 business associates job openings, and there are 11 at JPMorgan Chase & Co. and 11 at Santander Bank.
But if you're interested in companies where you might earn a high salary, business associates tend to earn the biggest salaries at Citigroup, The Bank of New York Mellon, and JPMorgan Chase & Co. Take Citigroup for example. The median business associate salary is $123,669. At The Bank of New York Mellon, business associates earn an average of $121,268, while the average at JPMorgan Chase & Co. is $118,769. You should take into consideration how difficult it might be to secure a job with one of these companies.
Some other companies you might be interested in as a business associate include Course Hero, Deloitte, and Ernst & Young. These three companies were found to hire the most business associates from the top 100 U.S. educational institutions.
The industries that business associates fulfill the most roles in are the professional and finance industries. But the highest business associate annual salary is in the finance industry, averaging $89,629. In the retail industry they make $74,854 and average about $69,948 in the professional industry. In conclusion, business associates who work in the finance industry earn a 51.6% higher salary than business associates in the health care industry.