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Students who major in Business Administration can expect a starting salary in the ballpark of $43,500, and a mid-career salary around $71,00. Those students who chose to study a specific business degree can generally expect higher salaries, for example: Finance — $49,200; Supply Chain Management — $52,000; Account — $45,300
Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Approximately 93% of the working population in the United States are employees earning a salary or wage. [1] Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
A recent survey by Clever Real Estate found that while the average starting salary for college graduates is $55,260, current college students expect to make $103,880 at their first job.
Gen Z students expect to earn roughly $30,000 more than the average starting salary of $55,911, according to the 2023 Real Estate Witch survey. Their midcareer earning expectations seem to be even ...
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