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Average small business management major salary
Average small business management major salary
Updated September 14, 2023
$70,935
What is the average small business management major salary in the US?
The national average salary for a small business management major graduate in the United States is $70,935 per year or $34.1 per hour.If you are in the top 10 percent, you will make over $164,000; however, if you are in the bottom 10 percent, you will earn less than $30,000 per year.The most abundant employment opportunities for small business management majors are in professional companies and technology companies.The top 5 states when it comes to salaries for small business management major graduates are New York, New Jersey, Massachusetts, California, and Connecticut.
Best paying cities
$83,240
$81,731
$81,594
Average small business management salary by company
If you are a small business management major graduate, you can expect good job security. However, keep in mind that some industries pay better than others.Employers that have the highest concentration of job opportunities for small business management majors are professional companies and technology companies.Companies like McKinsey & Company Inc or Apple will get you the highest pay packages.Companies like Google and Citi also pay high salaries to small business management major graduates.
Average small business management major salary by city
As a small business management major graduate in the U.S., you can expect to earn on average $70,935 per year or $34.1 per hour.Working in New York, NY as a small business management major graduate will pay you the highest wages at around $83,240 per year.The New York, NY average entry-level salary for small business management majors is $36,000.San Francisco, CA, Washington, DC, Washington, NJ, Boston, MA, Hartford, CT, and Seattle, WA also have great salaries for small business management major graduates.New York, New Jersey, Massachusetts, California, and Connecticut are the states with the highest payscale for small business management major graduates.Montana, Wyoming, and Arkansas have the lowest wages for small business management major graduates.
Average salary by location
| Rank | City | Average small business management salary | Salary range |
|---|---|---|---|
| 1 | New York, NY | $83,240 | $41k $127k |
| 2 | San Francisco, CA | $81,731 | $41k $127k |
| 3 | Washington, DC | $81,594 | $41k $127k |
| 4 | Washington, NJ | $81,305 | $41k $127k |
| 5 | Boston, MA | $78,714 | $41k $127k |
| 6 | Hartford, CT | $77,166 | $41k $127k |
| 7 | Seattle, WA | $76,842 | $41k $127k |
| 8 | Philadelphia, PA | $74,807 | $41k $127k |
| 9 | Arlington, VA | $72,548 | $41k $127k |
| 10 | Detroit, MI | $71,708 | $41k $127k |
| 11 | Las Vegas, NV | $70,809 | $41k $127k |
| 12 | Baltimore, MD | $70,742 | $41k $127k |
| 13 | San Antonio, TX | $68,332 | $41k $127k |
| 14 | Chicago, IL | $68,171 | $41k $127k |
| 15 | Raleigh, NC | $67,764 | $41k $127k |
| 16 | Albany, OR | $67,528 | $41k $127k |
| 17 | Phoenix, AZ | $67,110 | $41k $127k |
| 18 | Portland, ME | $66,437 | $41k $127k |
| 19 | Urban Honolulu, HI | $65,151 | $41k $127k |
| 20 | Saint Paul, MN | $65,121 | $41k $127k |
Average small business management major salary by state
The darker areas on the map show where small business management majors earn the highest salaries across all 50 states.
Average salary
Small business management major average salary by state
| State | Average small business management major salary | Average hourly rate |
|---|---|---|
| New York | $82,632 | $39.73 |
| New Jersey | $81,430 | $39.15 |
| Massachusetts | $78,530 | $37.75 |
| California | $78,139 | $37.57 |
| Connecticut | $77,135 | $37.08 |
| Washington | $75,872 | $36.48 |
| Alaska | $74,546 | $35.84 |
| Rhode Island | $74,268 | $35.71 |
| Pennsylvania | $74,009 | $35.58 |
| Delaware | $73,571 | $35.37 |
| Virginia | $71,372 | $34.31 |
| Michigan | $71,117 | $34.19 |
| Nevada | $70,910 | $34.09 |
| Maryland | $70,420 | $33.86 |
| Illinois | $67,741 | $32.57 |
| Oregon | $67,296 | $32.35 |
| Texas | $67,052 | $32.24 |
| Arizona | $66,894 | $32.16 |
| North Carolina | $66,485 | $31.96 |
| Maine | $66,265 | $31.86 |
| Ohio | $65,345 | $31.42 |
| New Hampshire | $65,119 | $31.31 |
| Hawaii | $64,988 | $31.24 |
| Minnesota | $64,879 | $31.19 |
| New Mexico | $64,069 | $30.80 |
| West Virginia | $63,799 | $30.67 |
| Louisiana | $63,194 | $30.38 |
| Vermont | $63,069 | $30.32 |
| North Dakota | $62,138 | $29.87 |
| Colorado | $62,016 | $29.82 |
| Wisconsin | $61,983 | $29.80 |
| Idaho | $61,764 | $29.69 |
| Georgia | $61,552 | $29.59 |
| Alabama | $61,485 | $29.56 |
| Florida | $61,190 | $29.42 |
| Missouri | $60,542 | $29.11 |
| South Carolina | $60,309 | $28.99 |
| Iowa | $60,137 | $28.91 |
| Nebraska | $59,112 | $28.42 |
| Utah | $58,558 | $28.15 |
| Indiana | $57,724 | $27.75 |
| Kentucky | $57,671 | $27.73 |
| Tennessee | $57,324 | $27.56 |
| South Dakota | $56,855 | $27.33 |
| Montana | $56,481 | $27.15 |
| Wyoming | $56,345 | $27.09 |
| Arkansas | $55,987 | $26.92 |
| Kansas | $55,235 | $26.56 |
| Oklahoma | $53,891 | $25.91 |
| Mississippi | $53,024 | $25.49 |
Average small business management major salary by industry
Small business management major salaries can vary depending on the industry.Our data shows that technology companies, media companies, and finance companies tend to have the highest salaries for small business management major graduates.technology companies pay small business management major graduates an average salary of $66,094, media companies pay $58,522, and finance companies come in at $57,812.The types of companies that pay small business management majors the least are in the professional industry, where the average annual salary is $38,188.
Average salary by industry
| Rank | Industry | Average small business management major salary | Range |
|---|---|---|---|
| 1 | Technology | $66,094 | $23k $103k |
| 2 | Media | $58,522 | $23k $103k |
| 3 | Finance | $57,812 | $23k $103k |
| 4 | Start-up | $42,477 | $23k $103k |
| 5 | Telecommunication | $41,931 | $23k $103k |
| 6 | Manufacturing | $39,382 | $23k $103k |
| 7 | Professional | $38,188 | $23k $103k |
Salary history for small business management major graduates
This data shows the national average salary between 2011-2020 among Small Business Management major graduates.
Salaries for related majors
| Rank | Major | Average salary | Range |
|---|---|---|---|
| 1 | Project Management | $92,381 | $30k $114k |
| 2 | General Sales | $84,359 | $30k $114k |
| 3 | Management Information Systems | $81,267 | $30k $114k |
| 4 | Construction Management | $78,318 | $30k $114k |
| 5 | Operations Management | $76,805 | $30k $114k |
| 6 | Business Economics | $72,447 | $30k $114k |
| 7 | Management Science | $68,844 | $30k $114k |
| 8 | Finance | $67,829 | $30k $114k |
| 9 | Supply Chain Management | $61,407 | $30k $114k |
| 10 | International Business | $58,124 | $30k $114k |
| 11 | Human Resources Management | $57,738 | $30k $114k |
| 12 | Real Estate | $56,531 | $30k $114k |
| 13 | Management | $56,332 | $30k $114k |
| 14 | Marketing | $56,295 | $30k $114k |
| 15 | Accounting | $54,425 | $30k $114k |
| 16 | Business | $50,670 | $30k $114k |
| 17 | Specialized Sales And Merchandising | $48,480 | $30k $114k |
| 18 | Business Communications | $44,181 | $30k $114k |
| 19 | Hospitality Management | $43,446 | $30k $114k |
| 20 | Secretarial And Administrative Science | $36,615 | $30k $114k |