Indiana Business Degree Salary

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Posted On: June 25, 2018 by Robert S

The following article discusses the salary and career outlook for graduates with a MBA, Graduate or Undergraduate Business degree in Indiana. Learn about the demand, salary outlook, top employers, job titles, as well as education options for campus and online Business degree programs for graduates in Indiana.

Business Snapshot

Avg US Salary

$70,129

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Avg Indiana Salary

$63,327

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State vs National

Ranked 31st

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Total Job Postings

5,395

Job Type

Full-Time

Min Education Level

Bachelor’s Degree

Recommended Degree

Masters or MBA

Most Common Degree

Business/Management

Most Common Experience Level

Entry Level

*Data based on job title of Business Development Manager

Indiana Business Demand

Durable goods manufacturing is the focus of Indiana industry as of 2016, but finance, insurance, real estate and nondurable goods manufacturing also have plenty of jobs available. The state is a big exporter of cars, car parts and pharmaceuticals, so there are many business job possibilities in these areas. Indiana’s natural resources also contribute in a big way to its economy, with the state producing 40 million tons of coal per year. Indiana has a low unemployment rate at only 3.2%, ranking it #13 in the country.

Also, this could be a good destination for business school graduates because Indiana was ranked in 2018 as the state with the best business climate in the Midwest. The Tax Foundation also noted in a recent survey that the state is #9 in the country for a tax system that improves the business environment. The state is also ranked #4 in the country for property taxes; the state has a cap in the constitution on property taxes, with a 3% maximum on business and industrial property.

National Business Salary Outlook

The national average estimate for Business Development Manager was $70,129. This number is estimated from over 18,908 salaries and job advertisements from Indeed.com. This equates to an hourly salary of $36.530 and monthly of $5,844.

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$14,000

$176,000

Salary Distribution

Indiana Business Salaries by Career

The following Business career paths show the average salary derived from job postings in Indiana.

Finance Manager$66,044 Rank: 42nd
The average salary ranks 42nd among states in the country. This equates to an hourly salary of $34.400 and monthly of $5,504. There were job openings from employers like United States Postal Service, Family Express Corporation, 1st Source Bank, and Boston Market | Boston Market Corporation. Further, 78% of these employers were seeking Full-time workers. Others such as Internship, Contract, Commission, Part-time, Temporary were also available. Most jobs for Finance Manager required an applicant to have Entry Level experience.

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$14,000

$163,000

Salary Distribution
Business Analyst$70,353 Rank: 28th
The average salary ranks 28th among states in the country. This equates to an hourly salary of $36.640 and monthly of $5,863. There were job openings from employers like Gateway, IU Health North Hospital, Cummins Power Systems, LLC., and Zimmer Biomet. Further, 88% of these employers were seeking Full-time workers. Others such as Internship, Contract, Part-time, Temporary, Commission were also available. Most jobs for Business Analyst required an applicant to have Mid Level experience.

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$19,000

$152,000

Salary Distribution
Business Consultant$65,477 Rank: 24th
The average salary ranks 24th among states in the country. This equates to an hourly salary of $34.100 and monthly of $5,456. There were job openings from employers like Office Depot OfficeMax, Sprint, Eli Lilly, and JCPenney. Further, 77% of these employers were seeking Full-time workers. Others such as Contract, Internship, Commission, Part-time, Temporary were also available. Most jobs for Business Consultant required an applicant to have Entry Level experience.

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$14,000

$162,000

Salary Distribution
Business Development Manager$63,327 Rank: 31st
The average salary ranks 31st among states in the country. This equates to an hourly salary of $32.980 and monthly of $5,277. There were job openings from employers like Taco Bell | Bell American Group, Love’s Travel Stops & Country Stores, Martin & Bayley, Inc., and Panera Bread. Further, 86% of these employers were seeking Full-time workers. Others such as Temporary, Part-time, Internship, Commission, Contract were also available. Most jobs for Business Development Manager required an applicant to have Entry Level experience.

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$14,000

$153,000

Salary Distribution
Business Operations Manager$60,297 Rank: 19th
The average salary ranks 19th among states in the country. This equates to an hourly salary of $31.400 and monthly of $5,025. There were job openings from employers like Love’s Travel Stops & Country Stores, Marco’s Pizza | Marcos Franchising, LLC, PETSMART, and Speedway LLC. Further, 90% of these employers were seeking Full-time workers. Others such as Contract, Part-time, Internship, Commission, Temporary were also available. Most jobs for Business Operations Manager required an applicant to have Entry Level experience.

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$14,000

$140,000

Salary Distribution
Chief Operating Officer$126,335 Rank: 11th
The average salary ranks 11th among states in the country. This equates to an hourly salary of $65.800 and monthly of $10,528. There were job openings from employers like Unlisted Company, Cummins Inc., Wexford Health Sources, Inc., and Valle Vista Health System. Further, 89% of these employers were seeking Full-time workers. Others such as Part-time, Contract, Commission were also available. Most jobs for Chief Operating Officer required an applicant to have Mid Level experience.

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$39,000

$262,000

Salary Distribution
Human Resources Manager$69,988 Rank: 14th
The average salary ranks 14th among states in the country. This equates to an hourly salary of $36.450 and monthly of $5,832. There were job openings from employers like Taco Bell – Bell American LLC, Beacon Health System, United States Postal Service, and Fazoli’s. Further, 84% of these employers were seeking Full-time workers. Others such as Internship, Temporary, Part-time, Contract, Commission were also available. Most jobs for Human Resources Manager required an applicant to have Entry Level experience.

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$17,000

$159,000

Salary Distribution
Marketing Manager$45,909 Rank: 43rd
The average salary ranks 43rd among states in the country. This equates to an hourly salary of $23.910 and monthly of $3,826. There were job openings from employers like Speedway LLC, Wendy’s | SSRM QFRM, Fazoli’s, and Bob Evans Restaurants. Further, 85% of these employers were seeking Full-time workers. Others such as Part-time, Contract, Internship, Temporary, Commission were also available. Most jobs for Marketing Manager required an applicant to have Entry Level experience.

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$14,000

$123,000

Salary Distribution
Operations Manager$60,797 Rank: 24th
The average salary ranks 24th among states in the country. This equates to an hourly salary of $31.670 and monthly of $5,066. There were job openings from employers like Speedway LLC, CVS Health Retail, Marco’s Pizza, and Marco’s Pizza | Marcos Franchising, LLC. Further, 87% of these employers were seeking Full-time workers. Others such as Part-time, Internship, Commission, Temporary, Contract were also available. Most jobs for Operations Manager required an applicant to have Entry Level experience.

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$14,000

$147,000

Salary Distribution
Product Manager$92,664 Rank: 14th
The average salary ranks 14th among states in the country. This equates to an hourly salary of $48.260 and monthly of $7,722. There were job openings from employers like Belden, Zimmer Biomet, Belden Inc., and Biomet. Further, 89% of these employers were seeking Full-time workers. Others such as Internship, Commission, Contract, Part-time were also available. Most jobs for Product Manager required an applicant to have Mid Level experience.

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$27,000

$196,000

Salary Distribution
Project Manager$69,500 Rank: 38th
The average salary ranks 38th among states in the country. This equates to an hourly salary of $36.200 and monthly of $5,792. There were job openings from employers like The Home Depot, Memorial Hospital of South Bend, Advance Auto Parts, and First Merchants Bank. Further, 86% of these employers were seeking Full-time workers. Others such as Temporary, Commission, Internship, Part-time, Contract were also available. Most jobs for Project Manager required an applicant to have Mid Level experience.

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$19,000

$151,000

Salary Distribution
Sales Manager$59,514 Rank: 31st
The average salary ranks 31st among states in the country. This equates to an hourly salary of $31.000 and monthly of $4,960. There were job openings from employers like PETSMART, Steak n Shake, Spencer Gifts and Spirit Halloween, and Ulta Beauty. Further, 83% of these employers were seeking Full-time workers. Others such as Part-time, Commission, Internship, Temporary, Contract were also available. Most jobs for Sales Manager required an applicant to have Entry Level experience.

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$14,000

$153,000

Salary Distribution

Best Cities for Business in Indiana

The following list of Indiana cities show the largest number of job postings for Business careers:

City # of Employers Average Salary
Indianapolis 100 $67,941
Fort Wayne 29 $65,277
Merrillville 14 $92,731
Bloomington 7 $54,467
Carmel 7 $66,170
South Bend 7 $56,240
Elkhart 5 $61,135

Top Indiana Employers for Business

The following list analyzes the top employers in Indiana hiring students and professionals in the business, management and executive fields:

Employer Name Average Salary

Indiana Campus-Based Business Degrees

The following campus-based colleges offer Business degrees for Indiana students:

You can earn an MBA from Indiana University at the Columbus campus that reflects all of the prestige and quality that you would come to expect from an IU MBA, but at an affordable campus that is closer to home in Indiana. This is a flexible program that allows you to earn your MBA in less than 24 months. You will be prared for many professional paths that will enhance your management career. This program meets only two nights per week, and you can earn your IU MBA on a schedule that works for you. It also is one of the most affordable MBA programs available.

One of the most popular aspects of this program is its small cohort format. Cohorts usually consist of 18 to 24 students, and you will benefit from direct, face to face interaction with guest speakers, faculty and your classmates. All aspects of this MBA program reflect the global aspects of modern business. Your cohort will typically have classmates who are from several continents.

This program has a 45 credit hour curriculum that features modular, integrated experiences to help you to learn about business management in a way that reflects how business management is done in a global context. You will participate in these unique MBA events and activities:

  • The Business Strategy Game competition that has gotten IUPUC seven world champions out of 10 cohorts that have graduated.
  • A global point of view that is critical to all of your management discussions and thinking
  • Applied business projects that involve local and international businesses, with hands-on business management, decision making and analysis
  • Specialized attention to professional development, as well as communication skills, and one on one coaching from your business professors

Indiana Online Business Degrees

The following online-based degree programs are available for Indiana business students.

Disclaimer: All salary numbers and figures are will vary depending on several factors such as level of education, college/university attended, amount of experience, industry, company size and location.

Sources: Sources for the above salary, employer and jobs data was aggregated through Indeed.com and BLS.gov

Robert S
Robert S
Programs Specialist
Robert is Programs Specialist at Business Student.com where he features some of the most innovative degree options from schools around the country. Have a school, college, degree or certificate program you would like reviewed? Contact me today.

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