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#Salary Info for a Business Law Degree Program Graduates

Salary options for recent graduates of a business law degree program will vary greatly, being dependent on the industry involved as well as the sector. Graduates with a concentration in business legal studies typically pursue employment within corporations, law firms, or government institutions. Salary will be based upon the level of education reached by the candidate along with their level of experience within their specialization.

Salary Info for a Business Law Degree Program Graduate

Having a degree in business law can ensure numerous possible career paths, ranging from corporate to government positions within a variety of industries. Salary will depend on the type of job obtained, demand for this specialty, and the level of education a candidate possesses.

Management Analyst

Working as a consultant with a degree in business law can be demanding and competitive; however, there is high earning potential with this career option. Most management analysts will be expected to have earned a Master of Business Administration (MBA) with a focus on legal studies and business law; although in some cases a recent graduate of a Bachelor of Science (B.S.) in Business Law program may be hired. According to the U.S. Bureau of Labor Statistics (BLS), in May 2013 the median annual salary for this career was $79,870 (www.bls.gov ). In addition, the BLS reports that the lowest ten percent in this profession earned $45,200, with the highest ten percent earning more than $145,920.

Business law degrees also prepare graduates for specialized management analyst careers with a focus on state and federal government, as well as the management strategies of companies and enterprises. The BLS states that as recently as May 2013, professionals working with the federal executive branch as a management analyst had an average annual salary of $85,140, while those working with companies and enterprises in a specialized management analyst position averaged $86,380, according to the BLS.

Risk Management

Financial Analyst

These positions are typically highly competitive and in most cases, a Master of Business Administration (MBA) is an educational requirement; however, recent graduate of a bachelor's degree program in a related field can earn a place in this career field. In addition, employment opportunities continue to grow as businesses expand globally. According to the BLS, in May 2013 the average salary for a financial analyst was $91,620. Salary range is dependent on experience and education and in the same year the lowest ten percent of financial analysts earned $48,100, while the highest ten percent earned in excess of $152,420, as reported by the BLS.

Insurance Underwriter

Working as an insurance underwriter can be an easy transition for a recent graduate of a degree program in business law, including several specialty options such as life, mortgage, health, or property and causality insurance. Salary typically depends on specialization and according to the BLS the average salary for an insurance underwriter was $70,110 in May 2013. The BLS also states that in 2013 the highest ten percent of underwriters earned more than $111,750, with the lowest ten percent earning less than $39,410.

International Lawyer

The Master in Global Business Law or a similar graduate business law degree program can prepare graduates for a career as an international lawyer. An entry level international lawyer hired with a firm can expect to complete tasks such as drafting papers and motions to be filed in court, interviewing clients and potential witnesses, and reviewing documentation that could be potentially used as evidence. Graduates of this degree program can work as international lawyer representing banks, insurance companies, and other multinational corporations. Graduates typically focus on the legal applications of business operations and salary will range greatly depending on the size of the corporation or firm that an international lawyer will be employed by.

For example, the BLS reported that in May 2013 the average annual salary of a lawyer was roughly $131,990. In addition, the BLS reported that in the same year a graduate of a business law degree program could anticipate a salary of around $164,270 if working directly for a company or enterprise. If employed by the federal executive branch, the BLS anticipated an average salary of $130,760 in May 2013. The salary will vary for these positions dependent on the type, location, and size of the firm or corporation.