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15 Top Degrees for the Highest-Paying Business Careers

In the right role, business can be a highly profitable career field. Many business careers have six-figure or near-six-figure salaries, according to the United States Bureau of Labor Statistics (BLS). Dozens of business and related occupations earn more than double the median annual salaries for all occupations.

High-paying business careers are out there, but to get them, you will need a solid education and an in-demand degree. Some occupations call for an undergraduate degree, while others require more advanced study. Depending on what you want to do, you may need a broad or specialized education. You may major in a field closely related to business or a subject that seems less directly involved with the business world. The 15 degrees below are the perfect educational paths to prepare you for a lucrative business career.

1. Master of Business Administration

Master of Business Administration

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The Master of Business Administration (MBA) degree is the traditional educational path for business professionals who aspire to advance into high-level (and high-paying) roles. The MBA is a graduate degree that includes core courses in a broad range of business subjects, such as finance, accounting, management, marketing, strategy, operations and information systems, according to U.S. News & World Report. The traditional MBA program takes two years of full-time graduate study to complete, although many schools now offer both part-time and accelerated study options in their online and on-campus programs. The breadth of business knowledge covered in an MBA program makes the degree versatile enough to appeal to a range of employers in the world of business and finance, but students often pursue a specialization or concentration in a subject of interest addition to their core courses in various business subjects. Among the most popular MBA specializations are finance, supply chain management, international business, computer information systems, entrepreneurship, marketing and sustainability, according to U.S. News & World Report.

There are plenty of roles you can hold once you attain your MBA, particularly if you choose a well-respected school and a sought-after specialization. Chief executives like CEOs typically need an MBA, as do management analysts. Additionally, many of the more lucrative niche business career paths are open to students who earn an MBA with a relevant concentration. Chief executives occupy the highest-earning role in the business world, with a median salary that is almost five times the median wage for all occupations, the BLS reported. These top managers hold titles such as president, executive director and managing director and oversee the big-picture direction of the company or organization, according to the BLS. Another job open to MBA holders is management analyst. While not nearly as lucrative as chief executive, management analyst still ranks high on the list of the top-paying business careers. Management analysts act as consultants, providing valuable and actionable advice that helps companies improve productivity, efficiency and profitability. While an MBA is an important credential for aspiring chief executives, management analysts and other high-level business professionals, the degree alone won’t help you attain these senior positions. You will also need a great deal of experience and the leadership abilities to inspire confidence in companies and employees.

Job Titles: Chief Executive, Management Analyst

Median Salaries: $175,110, $81,160

Occupation Group: Management 

2. Bachelor’s in Management Information Systems

Bachelor’s in Management Information Systems

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Some of the highest-paying jobs in the business world revolve around technology. A degree in computer science or information science can help prepare students for the technological roles that play an important part in the success of modern businesses. If you want to eventually attain one of the most prestigious and profitable positions in the business world, however, you will need more than just computer knowledge. You must develop a thorough background in business theory and practices so you can apply that computer knowledge to help your company achieve its goals. A bachelor’s degree in management information systems (MIS) is a great choice because it combines business classes with the mathematics, software development and computer programming courses of a computer science program. By the time you graduate from an undergraduate MIS degree program, you will understand not only how computer coding and technology works but also how to use computer technology to solve an organization’s problems.

A degree in MIS can help you attain a position as a computer and information systems manager. Sometimes called information technology (IT) managers and IT project managers, these professionals figure out what a company’s technology needs are based on the organizations goals and challenges and implement the systems that meet these needs, the BLS reported. Among computer and information systems managers, even the lowest paid have a fairly lucrative salary. At the 10th percentile – the 10 percent of workers in a given occupation who earn the least – computer and information systems managers earn a median wage of $80,160 more than any other management role. Earning your MIS degree can also qualify you for a role as a database administrator. Database administrators are responsible for creating, maintaining and keeping secure the electronic databases that contain the information a business uses to operate. While not quite as high-paying as a manager role, this technology position has a median salary of $81,710 and a positive job outlook, according to the BLS.

Job Titles: Computer and Information Systems Manager, Database Administrator

Median Salaries: $131,600, $81,710

Occupation Group: Management 

3. Bachelor’s in Marketing

Bachelor’s in Marketing

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Getting people to buy your product or service is crucial to the success of a business. Whether a company focuses primarily on business to business (B2B), business to consumer (B2C) or business to government (B2G) transactions, having professionals with skills in marketing and sales on the team is essential. In a bachelor’s degree program in marketing, students learn about consumer behavior and how to influence people’s purchasing decisions. They take coursework such as advertising, sales, marketing research, strategic marketing and marketing management, according to U.S. News & World Report. It’s just as important for students to understand the data behind marketing campaigns as it is for them to learn to create winning advertisements and marketing strategies, so you should expect to take classes in finance, statistics and analytics. Some programs include focused studies in specialized aspects of marketing, like social media marketing, e-commerce and public relations. To round out their education and improve their value to prospective employers, marketing majors take business classes such as economics, management and business law and ethics, the BLS reported.

When you earn your marketing degree, you can begin a path to the role of marketing and sales manager. The job duties for this occupation may differ sharply from one employer to the next or even from one job title to another. Marketing and advertising managers work more behind the scenes to develop the campaigns and strategies that bring attention to a company and its products, services or promotions. Sales managers, on the other hand, focus more on leading teams of sales representatives. They handle tasks like training sales staff, setting sales goals and measuring progress toward those goals, the BLS reported. The earnings of a marketing and sales manager depend heavily on the size of your employer and the scope of your job duties. A marketing manager for a major national or global corporation has a great deal more responsibility than a marketing manager for a small business that makes mostly local transactions, and so is likely to earn a considerably higher salary. A bachelor’s degree in marketing might also prepare you for more entry-level roles like marketing specialist.

Job Titles: Marketing & Sales Manager, Marketing Specialist

Median Salaries: $119,280, $62,150                  

Occupation Group: Management

4. Master’s in Finance

Master’s in Finance

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There are actually two kinds of graduate degrees in the field of finance. Some students earn an MBA in finance, a master’s degree with a broad emphasis on business in general that includes some specialized studies in finance. However, there is also a specialized finance degree program for graduate students who are looking to delve deeper into the field of finance rather than dividing their studies between a wide array of business subjects. There are a number of reasons to consider earning a master’s in finance degree, according to U.S. News & World Report. For one thing, many employers are seeking candidates with a more targeted educational background, particularly as more and more job seekers boast the more versatile MBA degree. Additionally, you can complete a traditional master’s in finance degree program in just one year – half the amount of time it would take to earn an MBA in finance degree.

A master’s in finance degree can be especially valuable for students who aspire to work as financial managers. These management professionals are in charge of the overall financial health of a company or organization, the BLS reported. They handle a wide range of responsibilities, from creating financial statements and overseeing finance workers to analyzing market trends to develop business forecasts. Technically, it is possible to attain a finance manager position with just a bachelor’s degree and extensive work experience. However, the BLS expects aspiring financial managers to encounter some strong competition for these management roles. Having a master’s degree, and the graduate-level skills in financial analysis and software, can help candidates stand out from the crowd and impress prospective employers. In addition to a master’s degree, aspiring financial managers may also want to attain credentials like the CFA Institute’s Chartered Financial Analyst (CFA) certification or the Association for Financial Professionals’ Certified Treasury Professional credential.

Job Titles: Financial Manager

Median Salaries: $117,990

Occupation Group: Management  

5. Bachelor’s in Supply Management

Bachelor’s in Supply Management

IMAGE SOURCE: U.S. Department of Agriculture, Flickr, Creative Commons license.

All kinds of organizations, from retailers to manufacturers, need some form of supplies to keep their operations running and to achieve their goals. Supply management is the operational process of obtaining goods and materials for a company or organization’s use, whether for internal use, for manufacturing purposes or for retail sales. You might also hear related terms like supply chain management and logistics. Some of the coursework that is common in undergraduate supply chain management degree programs includes introduction to supply management, principles of microeconomics and macroeconomics, strategic management, supply chain strategy and practice, manufacturing planning and control and behavior and organization. Often, students also take more general business courses, such as classes in business leadership, business communications and business laws and ethics. Hands-on experiences and internship opportunities are an important part of many supply management degree programs, and the experience that students gain is valuable in helping them get started in the career field.

A bachelor’s degree in supply management can put you on the path to a career as a purchasing manager, a position with a six-figure median annual salary. Purchasing managers develop and implement plans for obtaining the products a business requires. They compare vendors and suppliers to determine which business offers the best quality products or materials for the best price to maximize their company’s budget. They forge and maintain relationships with suppliers and handle price and contract negotiations. As management personnel, purchasing managers are also responsible for overseeing the work of buyers and purchasing agents, the business professionals who work underneath them and who complete the company’s less complex purchasing decisions and agreements. Purchasing manager is a high-level role, one in which even the 10th percentile earns a salary around $60,830. To reach this position, candidates usually need a minimum of five years of experience acting as purchasing agents or buyers, according to the BLS.

Job Titles: Purchasing Manager, Buyer or Purchasing Agent

Median Salaries: $108,120, $59,620

Occupation Group: Management

6. Master’s in Human Resources

Master’s in Human Resources

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Supplies aren’t the only thing businesses need to succeed. To run effectively, companies and organizations also need to have hardworking employees, and they need those employees to be trained properly and working as efficiently as possible. Graduate degree programs in human resources teach students how to handle the important administrative duties that relate to staffing and employee relations. In a master’s in human relations degree program, students take core courses such as employee and labor relations, organizational change, human relations management strategy, conflict management, employment and labor law, collective bargaining, human performance improvement and compensation and benefits, according to U.S. News & World Report. Students often choose to take elective courses, or even a series of courses that lead to a specialization, in subjects such as project management, staffing and recruitment or training and development. Many master’s degree programs in human resources also include some sort of final capstone experience, which may take the form of an internship, thesis or research project, according to U.S. News & World Report.

A master’s degree in this field can equip you with the skills you need to become a human resources manager, particularly in a high-level role. While lower-level human resources management roles are available to candidates with just an undergraduate degree, having a master’s degree will improve a candidate’s job prospects in this competitive field, according to the BLS. Human resources managers serve an important role, connecting a company’s employees with its management and administration team and handling job duties such as recruiting staff and handling any employee issues that arise. Training and development manager is another role you can attain with a graduate degree in human resources, the BLS reported. Unlike the more general role of human resources manager, these professionals focus more narrowly on training the company’s workforce. Both of these management roles typically require a minimum of five years of related work experience, often in roles such as human resources specialist or training and development specialist.

Job Titles: Human Resources Manager, Training and Development Manager

Median Salaries: $104,440, $102,640

Occupation Group: Management

7. Master’s in Economics

Master’s in Economics

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Economics is the study of how resources are transferred and used. Money is just of the kinds of resources studied in economics. Others include real estate, natural resources, labor and time. In a master’s in economics degree program, students complete graduate-level work in the theory and principles of microeconomics and macroeconomics as well as courses with a heavier focus on mathematics, such as statistics and econometrics. A few of the courses graduate students may take in an economics program include international economics, labor economics, financial economies and risk, managerial economics, applied econometrics and economic development and growth, according to U.S. News & World Report. While it’s not necessary to have an undergraduate degree in economics to get started in a graduate program in the subject, it is important to have a solid mathematics foundation, the BLS reported. Undergraduate-level coursework in calculus is a prerequisite for most graduate economics programs, according to U.S. News & World Report. Some master’s in economics programs offer students the chance to specialize in a topic like advanced theory or financial economics.

A graduate degree in economics can prepare you for a career as an economist, a high-paying business-related role. Strictly speaking, economists fit more closely in the category of social scientist than business professional. However, with a near-six-figure median annual salary and a lucrative $176,960 wage at the 90th percentile, economist is among the highest-paying business careers all the same. In the business world, economists don’t just study the production and distribution of various kinds of resources but also use their findings to develop data-backed business recommendations. More than one-third of economists work for the federal, state or local government, and many others work in management consulting or research and development services, the BLS reported. An economics degree can prepare graduates for other roles, too. In fact, most students who graduate from an undergraduate economics degree program don’t go on to become economists but instead find business roles such as research assistant, financial analyst and market research analyst, according to Forbes.

Job Titles: Economist

Median Salaries: $99,180

Occupation Group: Other Business-Related Occupation

8. Bachelor’s in Engineering

Bachelor’s in Engineering

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At the undergraduate as well as graduate level, most engineering degree programs focus on a particular discipline of engineering. Each of these disciplines includes studies in core courses such as science, mathematics and the principles of engineering. All high-quality engineering programs allow students the opportunity to gain hands-on experience working in laboratory and design studio settings, and most encourage or require some form of an internship opportunity.  However, the precise curriculum of an engineering program depends heavily on the specialization the student is pursuing. Among the most popular engineering specializations are civil engineering, computer engineering, construction engineering technology, electrical engineering, mechanical engineering, petroleum engineering and software engineering, according to U.S. News & World Report. For example, students majoring in computer engineering or software engineering may devote much of their studies to computer science or computer programming, while students in a civil engineering program focus more on engineering mechanics and systems.

The traditional career path from an engineering degree program is attaining a role as a professional engineer in your chosen discipline. However, some engineering graduates choose a different, and at times more lucrative, career. The $97,650 annual salary sales engineers earn is more than the salaries of electrical and electronics engineers, mining and geological engineers, marine engineers, materials engineers, biomedical engineers, health and safety engineers, environmental engineers, mechanical engineers, industrial engineers and civil engineers. Sales engineers develop the same level of engineering knowledge in their discipline as students who go on to become professional engineers, but they put that knowledge to work in the business world. A sales engineer is responsible for selling highly technical products and services to clients, typically businesses, the BLS reported. Sales engineers are necessary when the product is so technical that it takes a salesperson with a college-level engineering background to understand the science behind the product and explain that information to clients in clear, accessible language.

Job Titles: Sales Engineer

Median Salaries: $97,650

Occupation Group: Sales

9. Bachelor’s in Actuarial Science

Bachelor’s in Actuarial Science

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Actuarial science is the study of risk. Majors in actuary science degree programs cultivate strong analytical skills that they can use to comb through numerical data and identify the mathematical likelihood of an outcome occurring. An actuarial science program typically includes coursework in algebra, calculus, probability and statistics, microeconomics, macroeconomics, business and finance, according to the Society of Actuaries and Casualty Actuarial Society’s educational website BeAnActuary.org. In addition to these core courses in math and business, actuarial science majors can benefit from taking classes in computer science and communication, the BLS reported. It’s important for graduates from an actuarial science program to have skills in public speaking, written communication, computer programming and using databases, spreadsheets and statistical analysis tools, according to the BLS. College degree programs in actuarial science may also include preparation for the actuarial exams candidates must pass in order to attain certification. There are around 200 colleges across the globe that offer degree programs in actuarial science.

A degree in actuarial science is an excellent start to a career as an actuary. These mathematics professionals earn a lucrative living. Their $97,070 median salary lands them among the best-paid employees in the business world. They also have an exceptionally high 10th percentile wage of $58,290 and 90th percentile wage of $180,500, according to the BLS. More than 70 percent of actuaries work for the finance and insurance industry, though some find employment in professional services, management and government entities, the BLS reported. Some of the different types of actuaries include health insurance actuaries, life insurance actuaries, property and casualty insurance actuaries, pension and retirement benefits actuaries and enterprise risk actuaries. Their work helps determine the terms and rates of insurance policy contracts as well as companies’ financial strategies. Earning certification is essential to attaining full professional status as an actuary, and this requires successful completion of professional actuarial exams.

Job Titles: Actuary

Median Salaries: $97,070

Occupation Group: Other Business-Related Occupation

10. Bachelor’s in Health Administration or Health Management

Bachelor’s in Health Administration

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Managing the business side of the health care industry requires a background in both business studies and the issues facing healthcare providers. An undergraduate degree program in health administration or health management combines these studies in a focused curriculum that equips graduates with the skills needed to oversee the operations of a hospital or medical practice. Business courses are an important component of a health administration curriculum. Students typically take classes in human resources, economics, finance and leadership, according to U.S. News & World Report. Courses that revolve around health care management, like health law and regulations, standards for health care staff, policy issues in health care, medical facilities management and critical issues in health care are equally important, according to U.S. News. Some health administration programs allow students to pursue a specialization such as health care informatics systems, long-term care management or public administration. Often, students complete an internship or practicum to attain hands-on work experience.

With a degree in health administration or health management, you can be on your way to a role as a medical and health services manager. Sometimes called health care executives or health care administrators, these management professionals don’t provide care themselves but direct and coordinate care to make sure that medical facilities run efficiently and that patients get adequate treatment. With a $94,500 median salary and a $165,380 90th percentile wage, medical and health services manager is among the most lucrative business management positions, according to the BLS. This is also a rapidly growing management role. The BLS predicts job opportunities for medical and health services managers to grow by 17 percent, “much faster than average,” over just a decade. More than a third of medical and health services managers oversee the operations of hospitals, while others work in physicians’ offices, nursing homes, home health services and government entities, the BLS reported.

Job Titles: Medical and Health Services Manager

Median Salaries: $94,500

Occupation Group: Management

11. Bachelor’s in Finance

Bachelor’s in Finance

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At the bachelor’s level, a finance degree program introduces students into the basics of business, accounting and financial reporting and analysis. Later in the curriculum, students will encounter more in-depth coursework in subjects such as risk management, international finance, investment principles, corporate finance, portfolio management, financial institutions and markets, insurance, financial management and regulatory issues in finance, according to U.S. News & World Report. By the time students graduate with their bachelor’s in finance degree, they should understand what different types of financial assets, like stocks, dividends and earnings, are as well as how to manage them to promote growth. They also need to be familiar with the factors that determine an organization’s financial health and how to evaluate those factors. Graduates from bachelor’s in finance degree programs should be capable of budgeting for the company’s expenses and analyzing the company’s finances and the industry’s financial markets. Some undergraduate finance programs include a specific focus on financial planning, according to the BLS.

Among the most lucrative careers you can attain with a bachelor’s degree in finance are personal financial advisor and financial analyst. A personal financial advisor works directly with individuals, helping them plan for and achieve their financial goals. These professionals might help clients weigh their options when it comes to making investment decisions, saving for college or retirement, planning their estate, minimizing their tax burden and purchasing insurance or real estate mortgages. Financial analysts, on the other hand, focus more narrowly on analyzing investment opportunities. They may work with individuals, but they also work with companies. Financial analysts find employment in banks, mutual funds, pension funds, insurance companies and securities firms, the BLS reported. Some work on the “buy-side,” where they focus on obtaining investments, while others work on the “sell-side” and seek investors to purchase their stocks and bonds. Personal financial advisors have a higher median salary ($89,160), but financial analysts have the best 10th percentile wage of all financial specialists ($49,450), which shows that even the lowest paid analysts are earning a good income.

Job Titles: Personal Financial Advisor, Financial Analyst

Median Salaries: $89,160, $80,310

Occupation Group: Financial Specialist

12. Master’s in Statistics

Master’s in Statistics

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Statistics is the scientific study of analyzing and interpreting numerical data. A blend of mathematics and science, students take a blend of courses that include calculus, linear algebra, survey methodology and experimental design as well as core statistics courses like statistical theory and probability, according to the BLS. It is important for graduates of statistics degree programs to have a well-rounded background, so students often take courses in engineering, physical science, chemistry, biology and health services, particularly as undergraduates. Statistics students don’t work only with formulas, but also with computer software. In fact, using data analysis software is so integral to the study of statistics that it is also recommended that students take some computer science and computer programming courses, the BLS reported. While some entry-level roles in the field of statistics are available with graduates from a bachelor’s degree program, most roles require that candidates hold at least a master’s degree, if not a Ph.D.

Statistician is the job title given to math professionals who gather and evaluate data through statistical methods for the purpose of gaining insight into solving problems. A statistician is responsible for everything from figuring out what data can help a company gain valuable insight to devising and implementing ways to attain that data and finally analyzing the information they collect. Statisticians work in a number of different employment environments, including federal government agencies and college and university settings. In the business world, most statisticians find jobs in scientific research and development services, finance and insurance and management consulting services, according to the BLS. For statisticians, the career outlook is highly positive. While the expected increase in job opportunities for all occupations is just seven percent over a decade, statisticians are looking at a “much faster than average” growth rate of 34 percent, the BLS reported. With a median salary of $80,110 and a 90th percentile wage of $130,630, statistician is one of the top-paying business careers and the third most lucrative math career.

Job Titles: Statistician

Median Salaries: $80,110

Occupation Group: Other Business-Related Occupation

13. Bachelor’s in Accounting

Bachelor’s in Accounting

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It’s actually a common misconception that an accounting degree is all about mathematics, according to U.S. News & World Report. While you do need to have solid math skills to succeed in the degree path and any career that follows, accounting is a business degree program, not a math program. Accounting is the work of preparing financial statements and reports. In a bachelor’s degree program in accounting, students begin by taking introductory courses such as fundamentals of accounting, principles of accounting and auditing principles. They then move on to more advanced accounting courses, such as internal auditing, financial accounting, managerial accounting and financial reporting. Students also take more general business courses, including business law, finance, economics and business communications. By the time students graduate from an undergraduate accounting degree program, they will understand the workings of business transactions and how to prepare a wide variety of financial reports. They will not, however, have met the 150 semester hours of college study needed to be eligible for the certified public accountant (CPA) credential. For that reason, many graduates of bachelor’s in accounting degree programs go on to attain a master’s degree in accounting or an MBA.

An undergraduate accounting degree can prepare you for a couple of possible positions in the business world, most notably financial examiner and accountant. Accountants and auditors, who earn a median wage of $67,190 annually and follow a fairly direct career path, work with individuals or companies to prepare accurate financial statements and offer advice for making smart financial decisions. Tax returns, balance sheets and income statements are just a few of the types of financial reports accountants are responsible for creating. Financial examiners are the higher paid of the two occupations, earning a median salary of $78,010 per year. These professionals focus more narrowly on the rules and laws companies have to follow with regards to financial practices and reporting. Some financial examiners specialize in “risk scoping,” assessing the financial wealth of institutions such as banks and credit unions. Others are more concerned with “consumer compliance,” ensuring that financial institutions abide by the laws designed to protect consumers from predatory lending practices. Nearly one-third of all financial examiners work for the federal or state government, according to the BLS. Other financial examiners work in credit intermediation, financial investments and management.

Job Titles: Financial Examiner, Accountant

Median Salaries: $78,010, $67,190

Occupation Group: Financial Specialist

14. Bachelor’s or Master’s in Operations Research

Bachelor’s or Master’s in Operations Research

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Operations research is a math-heavy degree program, so it’s best students for students with strong analytical and mathematics skills. Core courses such as calculus, statistics and linear algebra are essential to success in the field of operations research. Students should also take enough computer science coursework to thoroughly understand the software used to run statistical analyses and model data, the BLS reported. It’s also a good idea for operations research majors to take classes in subjects that have a need for quantitative analysis, such as economics, political science and engineering, according to the BLS. Should you go for a bachelor’s degree in operations research, or a master’s degree? That depends on what you want to do with the degree. An undergraduate degree in operations research or a similar program is sufficient to attain some entry-level roles in the field, according to the BLS. However, there are some jobs you won’t be able to get unless you have a master’s degree or a Ph.D. Having an advanced degree can improve your job prospects considerably, the BLS reported.

With a degree in operations research or a similar educational path, you can pursue a career as an operations research analyst. This math professional applies quantitative, statistical and analytical methods to data with the goal of developing the solutions to real problems facing businesses and organization. While their work uses mathematical principles, the challenges operations research analysts face aren’t quite as simple as solving an equation. These professionals don’t just look for any solution, but instead for the best solution. That requires analyzing the pros and cons of a variety of different actions. More than one-quarter of operations research analysts work in the finance and insurance industry. Others find employment in professional and scientific services, manufacturing, management and the federal government, according to the BLS. In addition to having a high median salary of $78,630, operations research analysts also enjoy a highly positive job outlook. The BLS predicts that operations research analysts will see a “much faster than average” growth rate of 30 percent over a decade.

Job Titles: Operations Research Analyst

Median Salaries: $78,630

Occupation Group: Other Business-Related Occupation

15. Master’s in Industrial Organizational Psychology

Master’s in Industrial Organizational Psychology

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You might associate the field of psychology more with counseling or clinical treatment than with business. However, industrial-organizational psychology is a specialized discipline of psychology that focuses on how humans behave in the workplace and other organizations, according to the American Psychological Association. You can pursue a master’s degree in industrial-organizational psychology even if you didn’t major in psychology as an undergraduate student. However, you will need to complete certain prerequisites, such as introductory and experimental psychology coursework. At the graduate level, studies in industrial-organizational psychology include classes in psychology, human resources, business and management, according to The Princeton Review. Coursework might include organizational development, personnel selection, training in organizations, work motivation and attitudes, leadership and strategic change and performance measurement. Some form of field work may also be required.  A typical master’s degree program in industrial-organizational psychology can be completed in one a half to three years, The Princeton Review reported.

An industrial-organizational psychologist applies his or her knowledge of human behavior to the specific setting of the workplace. These psychology professionals help business find ways to improve productivity and workplace culture and resolve management and employee performance problems by implementing psychological principles and practices. Their goals may range from developing fair and constructive company policies to raising employee morale and developing effective working styles. In most specialties of psychology, you need a Ph.D. to become a psychologist. Industrial-organizational psychology is an exception to that rule, allowing candidates with a master’s degree to begin working in the position even without a doctoral degree, the BLS reported. With a median salary of $77,350 and a 90th percentile wage of $158,990, industrial-organizational psychologist is among the most lucrative careers without a business degree. Industrial-organizational psychologist is currently a small occupation, but the BLS expects it to see “much faster than average” job growth, with opportunities increasing by 19 percent over a decade.

Job Titles: Industrial Organizational Psychologist

Median Salaries: $77,350

Occupation Group: Other Business-Related Occupation

Editor’s Note: No one educational or career path is right for everyone. If you aspire to rise to a well-paid position in the business world and make the big bucks, you need to weigh your options and consider all of the factors that will affect your professional life. What are your strengths and interests? How will you get the experience you need to advance to your dream career? This list is a guide for you to start off your research into the right degree program and career path for you. For more information about the highest-paying business careers, check out this resource from the United States Bureau of Labor Statistics.

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