You may be perfectly suited for a managerial position if you are a strong team leader who enjoys overseeing large projects and making tough decisions. There are many different management jobs available in a variety of fields, each carrying a unique set of responsibilities.
Chief Executive Officer
CEOs plan, coordinate, and oversee the operational activities of companies. They work to ensure that their companies meet their goals. CEOs work in a variety of public and private industries. Although they typically earn the highest salary among all management positions, they also work very long hours and are primarily responsible for the success of their companies. CEOs earned an average annual salary of $179,520 in 2021.
Information Systems and Computer Manager
Information systems and computer managers, also known as IT managers, plan, coordinate, and oversee technology-related activities within the organization. They determine the company’s IT needs and then implement programs to ensure those needs are met. They also direct and supervise the work of other IT staff. IT managers can work in a variety of technology-dependent fields. Information systems and computer managers earned an average annual salary of $159,010 in 2021.
Marketing Manager
Marketing managers plan and oversee programs to generate interest in a service or product. They determine the target markets for the company’s products and develop strategies to maximize profits and customer satisfaction. The manager works with sales, public relations, and product development to ensure the success of each marketing program. Marketing managers earned an average annual salary of $133,800 in 2021.
Architectural and Engineering Manager
Architectural and engineering managers plan, coordinate, and oversee projects in the fields of architecture and engineering. They may work on projects to develop new products and designs or work on identifying technical issues in current projects. As managers, they must know how to execute budgets for projects and evaluate equipment needs, as well as hire and supervise staff. Architectural and engineering managers earned an average annual salary of $152,350 in 2021.
Financial Manager
Financial managers oversee the financial health of an organization. They help set long-term financial goals and implement those plans through investment activities, financial reporting, and market trend analysis. They typically work closely with other managers to make financial decisions for the company. Financial managers earned an average annual salary of $131,710 according to the Bureau of Labor Statistics.
Natural Science Manager
Natural science managers plan and oversee the work of other scientists. Depending on their field, they may work with biologists, chemists, or physicists in various specialties. Natural science managers may work to promote scientific research, develop new products, or improve manufacturing processes. In addition to supervising fellow scientists, managers must coordinate their activities with contractors, material suppliers, and other managers. Natural science managers earned an average annual salary of $137,900 in 2021.
Sales Manager
Sales managers oversee the sales department or team of their organization. They set sales goals and implement training programs and business strategies to improve their employees’ sales records. Most sales managers start their careers as sales representatives and advance to executive positions. Sales managers typically have a bachelor’s degree and excellent analytical and communication skills. Sales managers earned an average annual salary of $127,490 in 2021.
Compensation and Benefits Manager
Compensation and benefits managers plan and coordinate the compensation packages for the organization. They manage employee salaries, retirement plans, insurance packages, and other benefits. They are usually employed in the company’s human resources department. Compensation and benefits managers earned an average annual salary of $127,530 in 2021.
Manager
Public Relations and Fundraising
Public relations and fundraising managers plan and oversee programs that ensure a positive image for their employer or clients. They also typically work on fundraising initiatives for the organization. Their work may involve developing public relations programs, media releases, and planning events and fundraising strategies. According to the Bureau of Labor Statistics, public relations and fundraising managers had a median annual salary of $119,860.
General Manager and Operations Manager
General managers, also known as operations managers, manage a variety of different operations. Their tasks may include overseeing the daily operations of an office or business, establishing policies, or developing and supervising specific projects. Operations managers and general managers earned a median annual salary of $97,970 in 2021.
Ultimately, all of these positions pay well and can be attainable and achievable. However, it may depend on your interests, talents, and inclinations. You are likely to be more successful if you have a degree in business management, although it is not always necessary if you have a strong and proven track record of experience. Networking can also play a significant role in landing your dream job.
Frequently Asked Questions
What should I study to become a manager?
A degree in business management should qualify you for a good opportunity. It can also be beneficial to have a master’s degree, but you can have a chance with a bachelor’s degree as well.
Why do managers earn higher salaries?
Companies tend to pay higher wages for leadership abilities and successful outcomes. The demand for good managers remains high even in weak economies.
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Sources:
The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts in our articles. Read our editorial process to learn more about how we verify facts and maintain the accuracy, reliability, and quality of our content.
Bureau of Labor Statistics. “Employment and Wage Statistics: Executive Managers.”
Bureau of Labor Statistics. “Information and Computer Systems Managers.”
Bureau of Labor Statistics. “Advertising, Promotions, and Marketing Managers.”
Bureau of Labor Statistics. “Architectural and Engineering Managers.”
Bureau of Labor Statistics. “Financial Managers.”
Bureau of Labor Statistics. “Natural Sciences Managers.”
Bureau of Labor Statistics. “Sales Managers.”
Bureau of Labor Statistics. “Compensation and Benefits Managers.”
Bureau of Labor Statistics. “Public Relations and Fundraising Managers.”
Bureau of Labor Statistics. “Employment and Wage Statistics: General Managers and Operations Managers.”
Source: https://www.thebalancemoney.com/top-highest-paying-management-jobs-2061842
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