How much do international finance majors make?
While ZipRecruiter is seeing annual salaries as high as $164,500 and as low as $44,000, the majority of International Business Finance salaries currently range between $84,500 (25th percentile) to $118,000 (75th percentile) with top earners (90th percentile) making $146,500 annually across the United States.
As of Mar 19, 2024, the average annual pay for an International Business Degree in the United States is $77,274 a year. Just in case you need a simple salary calculator, that works out to be approximately $37.15 an hour. This is the equivalent of $1,486/week or $6,439/month.
- Investment banker. ...
- Hedge fund manager. ...
- Financial analyst. ...
- Information technology auditor. ...
- Financial software developer. ...
- Private equity associate. ...
- Chief compliance officer. ...
- Chief financial officer.
Depending on the job they accept, B.S. in finance graduates can earn competitive salaries of up to six figures. Graduates with finance degrees might work for employers like private businesses, financial institutions, accounting firms and financial agencies.
Salary Ranges for Finance Major
The salaries of Finance Majors in The US range from $62,935 to $545,119, and the average is $124,000.
Developing strong time management and prioritization skills will be crucial for success in this major. Compared to other majors, international business can be considered moderately difficult.
International business programs prepare you to pursue lucrative roles with a high-paying salary. There are a variety of careers that need an internationally-focused education: trading specialists, policy advisors, business analysts, and others.
Yes, sure you can make around six figures at some of these fortune 500 corporate finance role or be an investment banking analyst making close to $200K a year just a year out of undergrad, but that's not where the real money is made in finance.
- Chief compliance officer. The top-paying finance job on our list is Chief compliance officer. ...
- Chief financial officer. ...
- Private equity associate. ...
- Hedge fund manager. ...
- Insurance advisor. ...
- Financial advisor. ...
- Compliance analyst. ...
- Information technology auditor.
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
Can a finance major become a millionaire?
There is a reason people in finance who work in private equity or a hedge fund make millions. These industries make money by investing in companies, and after a certain level you get an equity stake in the profits of the firm through carried interest.
Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.
Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.
#1- Accounting and Finance
These majors qualify for STEM-designation due to their heavy use of math. Here is a list of some of the STEM-designated Accounting and Finance programs in leading U.S colleges and universities.
Annual Salary | Monthly Pay | |
---|---|---|
Top Earners | $135,000 | $11,250 |
75th Percentile | $109,000 | $9,083 |
Average | $92,631 | $7,719 |
25th Percentile | $75,000 | $6,250 |
As of Mar 19, 2024, the average annual pay for the Finance Degree jobs category in New York City is $95,662 a year. Just in case you need a simple salary calculator, that works out to be approximately $45.99 an hour. This is the equivalent of $1,839/week or $7,971/month.
- Chemistry. At number one on the list is chemistry.
- Architecture. ...
- Chemical Engineering. ...
- Computer Science. ...
- Aerospace Engineering. ...
- Biomedical Engineering. ...
- Materials Engineering. ...
- Petroleum Engineering. ...
- Accounting. The accounting major has been around at most colleges since the beginning, and it is designed to teach students how to manage a business's finances so they can solve various business problems. ...
- Management Science. ...
- Finance. ...
- Entrepreneurial Studies.
- Anthropology.
- Business Administration.
- Communications.
- Creative Writing.
- Criminal Justice.
- Education.
- English.
- Health Sciences.
If you want to explore new places and cultures, then the international business is the right major for you. But, if staying local is your cup of tea, then go for business administration. Both degrees provide you with various skills that are beneficial to you both professionally and personally.
What is the job outlook for international business majors?
International Business Career Outlook
The United States Bureau of Labor Statistics (2021) projects an 8% growth in business and financial occupations between the years 2020 and 2030. As illustrated in the table below, some careers in international business can grow by as much as 30% within the same period.
Some international business jobs don't require travel. However, traveling is often necessary if you're involved in roles that bring in new clients and maintain relationships.
Some of the competitive companies require minimum GPA of 3.5. But in general, most of the companies seek for candidates with GPA 3.0 or higher. However, it is equally important to have extracurricular activities that demonstrate your experience/ interest in finance and to have outstanding interview skills.
Most finance programs require a minimum cumulative GPA of 2.0-3.0.
As long as investment banks remain gatekeepers to the market for companies (and capital markets), they will be able to extract high fees, and use those high fees to pay high salaries and bonuses.
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