6 High-Paying Business Management Jobs

6 High-Paying Business Management Jobs Pay disparities are not uncommon in the business world. Bosses tend to make more than their employees. Most managers are the highest paid employees in the company. But there are some management jobs that will net you more money than others. Here are six management positions that typically come with high salaries. Computer and Information Systems Manager Computer and information systems managers supervise computer-related activities in an organization. Common job titles include Chief Information Officer (CIO), Chief Technology Officer (CTO), IT Director, or IT Manager. Specific duties often vary by job title, organization size, and other factors, but commonly include analyzing technology needs, planning and installing computer and information systems, overseeing system security, and supervising other IT professionals. The US Bureau of Labor Statistics reports the median annual wage for computer and information systems managers as $120,950, with the top 10 percent earning more than $187,200. A bachelor’s degree in computer or information science, as well as 5-10 years of work experience, is usually the minimum requirement for computer and information systems managers. However, many managers in this field have a masters degree and 10 years of work experience. Read more about earning a  management information systems degree. Marketing Manager Marketing managers oversee the marketing efforts of an organization. They work with sales, public relations, and other marketing and advertising professionals to estimate demand, identify target markets, develop pricing strategies, and maximize profits. The US Bureau of Labor Statistics reports the median annual wage for marketing managers as $119,480, with the top 10 percent earning more than $187,200. Most marketing managers have at least a bachelors degree in marketing, but masters degrees are not uncommon in this field. Read more about earning a marketing degree. Financial Manager Financial managers are dedicated to monitoring and improving the financial health of an organization. Common job titles include Controller, Finance Officer, Credit Manager, Cash Manager, and Risk Manager. Most financial managers work on a team and act as an advisor to other executives. They may be responsible for reviewing reports, monitoring finances, preparing financial statements, analyzing market trends, and developing budgets. The US Bureau of Labor Statistics reports the median annual wage for financial managers as $109,740, with the top 10 percent earning more than $187,200. A bachelors degree in business or finance plus five years of finance-related experience is usually the minimum requirement for financial managers. Many managers have a masters degree, professional certification, and 5 years of experience in related financial occupations, such as an accountant, auditor, financial analyst, or loan officer. Read more about earning a finance degree. Sales Manager Sales managers oversee the sales team for an organization. Although the level of duties can vary by organization, most sales managers focus their time on researching and assigning sales territories, establishing sales targets, training members of the sales team, determining budgets and pricing plans, and coordinating other sales operations. The US Bureau of Labor Statistics reports the median annual wage for sales managers as $105,260, with the top 10 percent earning more than $187,200. Sales managers typically need a bachelors degree in sales or business in addition to several years of experience as a sales representative. Some sales managers have a masters degree. Read more about earning a  sales management degree. Human Resources Manager Human resources managers have many responsibilities, but their primary duty is to act as a link between an organization’s managers and its employees. In large organizations, human resources managers often specialize in a specific area, such as recruiting, staffing, training, and development, labor relations, payroll, or compensation and benefits. The US Bureau of Labor Statistics reports the median annual wage for human resources managers as $99,720, with the top 10 percent earned more than $173,140. A bachelors degree in human resources or a related field is the minimum educational requirement. However, many human resources managers have a masters degree as well as several years of related work experience. Read more about earning a human resources degree. Health Services Manager Also known as healthcare executives, health care administrators, or healthcare managers, health services managers oversee the operations of medical facilities, clinics, or departments. Duties can include supervising employees, creating schedules, organizing records, ensuring compliance with regulations and laws, budget management, and record management. The US Bureau of Labor Statistics reports the median annual wage for health services managers as $88,580, with the top 10 percent earning more than $150,560. Health services managers need at least a bachelor’s degree in health services, healthcare management, long-term care administration, public health or public administration, but masters degrees in these fields or business administration are not uncommon. Read more about earning a healthcare management degree.

Average ACT Score for 2018, 2017, 2016, and Earlier Years

Average ACT Score for 2018, 2017, 2016, and Earlier Years SAT / ACT Prep Online Guides and Tips In recent years, more and more students have been taking the ACT than ever before. But what does this change in participation rate mean for the average ACT score? As you'll learn in this article, while ACT scores have been fairly stable in the last few years, there have been some dips and peaks in scores in the last 25 years. Let’s take a look at what’s happening. Average ACT Scores for Past Years Let's look at some charts for average ACT scores over the past couple of decades. These will show us some trends in the ACT world that have led to recent changes in the test. Average ACT Scores 1992-1996 Year # of Test Takers English Math Reading Science Composite 1992-1993 875,603 20.3 20.1 21.2 20.8 20.7 1994 891,714 20.3 20.2 21.2 20.9 20.8 1995 945,369 20.3 20.2 21.3 21 20.8 1996 924,663 20.3 20.2 21.3 21.1 20.9 Source: NCES Average ACT Scores 1970-1998 In the 1992-1996 ACT scores, there was a general increase in Math, Reading, and Science scores. Average ACT Scores 1997-2001 Year # of Test Takers English Math Reading Science Composite 1997 959,301 20.3 20.6 21.3 21.1 21 1998 995,039 20.4 20.8 21.4 21.1 21 1999 1,019,053 20.5 20.7 21.4 21 21 2000 1,065,138 20.5 20.7 21.4 21 21 2001 1,069,772 20.5 20.7 21.3 21 21 Source: NCES Average ACT Scores 1970-2001 In the 1997-2001 ACT scores, there was an increase in English and Math and a decline in Science and Reading. Also, in 1999, theACT broke the one million test-taker ceiling for the first time. Average ACT Scores 2002-2005 Year # of Test Takers English Math Reading Science Composite 2002 1,6,082 20.2 20.6 21.1 20.8 20.8 2003 1,175,059 20.3 20.6 21.2 20.8 20.8 2004 1,171,460 20.4 20.6 21.3 20.9 20.9 2005 1,186,251 20.4 20.7 21.3 20.9 20.9 Source: NCES Average ACT Scores 1995-2010 From 2002 to 2005, we see a slight but steady rise in all scores across the board. Average ACT Scores 2006-20 Year # of Test Takers English Math Reading Science Writing Composite 2006 1,206,455 20.6 20.7 21.4 20.9 7.7 21.1 2007 1,300,599 20.7 20.8 21.5 21 7.6 21.2 2008 1,421,941 20.6 21 21.4 20.8 7.3 21.1 2009 1,480,469 20.6 21 21.4 20.9 7.2 21.1 2010 1,568,835 20.5 21 21.3 20.9 7.1 21 20 1,623,2 20.6 21 21.3 20.9 7.1 21.1 Source: NCES Average ACT Scores 1995-2010, 20 Profile Report As you can see, ACT scores kept increasing until 2007, when there was an all-time composite score high of 21.2. After that, however, all subscores except English and Science consistently declined. Average ACT Scores 2012-2018 Year # of Test Takers English Math Reading Science Writing Composite 2012 1,666,017 20.5 21.1 21.3 20.9 7.1 21.1 2013 1,799,243 20.2 20.9 21.1 20.7 7 20.9 2014 1,845,787 20.3 20.9 21.3 20.8 7.1 21.0 2015 1,924,436 20.4 20.8 21.4 20.9 6.9 21.0 2016 2,090,342 20.1 20.6 21.3 20.8 19.3* 20.8 2017 2,030,038 20.3 20.7 21.4 21.0 6.5 21.0 2018 1,914,817 20.2 20.5 21.3 20.8 - ** 20.8 Sources: 2012 Profile Report, 2013 Profile Report, 2014 Profile Report, 2015 Profile Report, 2016 Profile Report,2017 Profile Report, 2018 Profile Report*2016 Writing results are based on ACT Writing from September 2015 to August 2016, when the test was scored on a scale of 1-36. **As of 2018 ACT seems to have opted to no longer provide information about Writing score averages (except indirectly through ELA scores). After 2007's peak, there is a general decline in scores across the board for nearly a decade. In 2013, ACT, Inc. instituted changes to the ACT to better reflect national curricula, which is possibly reflected in the general stability of composites and subscores from 2013 onwards (with the exception of Math, which has steadily decreased since then). Average ACT Score Trends: What Do the Numbers Mean? As the charts above indicate, there wasa moderate and gradual increase in average ACT scores until they peaked in 2007. After,average scores began to decline until 2014 when they increased slightly before settling to the same level they are at as of 2018. There has been discussion that the downward trend in average ACT scores could be a result of the No Child Left Behind Act and the test-based teaching style in US schools. This slight increase in ACT scores in 2014 could be attributed to the changes ACT, Inc. made to the ACT so that it could better align with high school curricula.Overall, though, average ACT scores have remained relatively stable. For a long while it was predominantly students in the Midwest that took the ACT, but lately the test has begun to spread to the rest of the US as more and more states are requiring students to take it. Consequently, more students have been taking the ACT each year over the past decade. Even with more students taking the ACT, however, the data shows that students generally do better on the ACT than they do on the SAT- for which there has been a steady, stronger decline in scores. (However, the long-term results of the 2016 SAT redesign aren't yet known.) One thing to note, though, is that just like with the SAT, the ACT shows a disparity in scores based on ethnicity and, very likely, income level. The following chart clarifies these differences between average ACT scores based on ethnicity from 1997 to 2018: 1997 2001 2005 2009 2013 2016 2017 2018 Black or African American 17.9 16.9 17 16.9 17 17 17.1 16.9 American Indian or Alaska Native 20.4 18.8 18.7 18.9 18 17.7 17.5 17.3 White 22.8 21.8 21.9 22.2 22.1 22.2 22.4 22.2 Hispanic or Latinx 19.9 18.5 18.4 18.7 18.8 18.7 18.9 18.8 Asian 22.5* 21.7 22.1 23.2 23.6 24 24.3 24.5 Pacific Islander - - - - 19.4 18.6 18.4** 18.2 Two or More Races - - - - 21.1 21 21.2 21.1 No Responses - - - - 20.8 20.1 20.3 19.8 Sources: NCES Average ACT Scores 1995-2014, 2016 Profile Report, 2017 Profile Report, 2018 Profile Report *Averages for Asian and Pacific Islander students were combined until 20**Averages for Native Hawaiian students folded into averages for Pacific Islander students starting 2017 Overall, the white, Asian, and two or more races subgroups have the highest ACT score averages,with Asian scores consistently increasing. By contrast, African American and Native American subgroups have the lowest ACT averages, likely because they are typically the most disenfranchised groups. What’s Next? Now that you know about the average ACT scores, it's time to figure out what a good ACT score is for you specifically. If you're definitely decided on the ACT,read our in-depth guides to prepping for the ACT. If you don't have a lot of time left, use ourlast-minute ACT cramming tips. Got time? Then learnhow to come up with your own ACT study schedule. Not sure whether you should take the ACT or SAT?Take a look at our article onthe differences between the ACT and SAT to help you determine which test is right for you. Want to improve your ACT score by 4+ points? Download our free guide to the top 5 strategies you need in your prep to improve your ACT score dramatically.