Top Industries with High Business Management Salary per Hour
As the world continues to evolve, so does the job market. The corporate world demands more skilled professionals, and it’s no surprise that business management ranks high among these skilled professions. The field has attracted highly talented professionals from various backgrounds and disciplines, allowing organizations to grow and expand successfully.
However, this job comes with high expectations and demanding responsibilities, which is why competitive salaries go hand in hand with it. In this article, we’ll explore the top industries with high business management salaries per hour.
1. Financial Services
The financial services industry features multiple sectors such as banking, insurance, investment management, and financial technology (fintech). This sector offers lucrative salaries to business managers, with a median hourly wage of up to $84.85. The sector’s high pay is mainly because of its need to attract the best and brightest business managers who can navigate the complex financial world, provide valuable insights, and ensure compliance with financial regulations.
2. Healthcare
The healthcare sector has been through significant changes due to technological advancements and an increase in patient demands. As such, this field requires skilled business managers who can manage complex financial systems, optimize resource allocation, and provide quality patient care. Business managers in healthcare earn an average hourly wage of $60.89, with potential for growth as the industry continues to transform.
3. Technology
The technology industry is taking over the business world, and it’s not slowing down anytime soon. Business managers with technology expertise play a vital role in the organizational structure, managing finances, and creating business strategies. The average hourly wage in tech is $59.43, with positions such as IT project manager and software product manager being the front-runners.
4. Manufacturing
The manufacturing industry stands as one of the most vital industries globally, creating vast employment opportunities and contributing to the economy. Manufacturing companies require business managers to oversee production processes, maintain inventory, and develop business strategies to increase profitability. Manufacturing business managers earn an average hourly wage of $50.25, with the potential for growth as technology and production processes advance.
5. Energy
The energy sector includes multiple industries such as oil and gas, renewable energy, and utilities. As the demand for energy increases, energy companies require skilled business managers to handle complex operations and improve business efficiency. With an average hourly wage of $49.68, business managers in the energy sector enjoy job security, high salaries, and career growth opportunities.
Conclusion
The business management field is vast, with multiple industries seeking highly skilled professionals to manage their operations. This article highlights the top industries with high business management salaries per hour, including financial services, healthcare, technology, manufacturing, and energy. While the salaries vary depending on the industry, one can expect a high pay scale with potentially lucrative growth opportunities as the corporate world continues to shift and expand.
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