Are you wondering whether it would be worthwhile to enroll in a good business college? Perhaps you’re wondering what your earning potential would be with your degree in hand.
Some business colleges confer associate’s degrees; others confer bachelor’s degrees. Many employers prefer to hire candidates who have earned bachelor’s degrees. The answer to the question of possible earnings depends on which degree you earn, the geographic area in which you live and your negotiating skills. Let’s take a look at the salary a Canadian business college graduate can realistically expect to earn after having received an associate’s or bachelor’s degree. All salaries quoted below are approximate and given in Canadian dollars.
An associate’s degree from college will qualify you for many bookkeeping positions. Bookkeepers in Canada typically earn salaries that fall somewhere between $29,000 – $60,000 per year. Accounting skills are necessary for earning the figures at the upper end of this pay scale. The national average annual bookkeeper’s pay in Canada is $41,000.
A position as a bookkeeper can lead to higher paying corporate job titles such as accounts payable clerk, auditing clerk, accountant or financial controller.
“Certified General Accountant” (CGA) is one of many professional designations that business college can prepare you for. This designation requires an undergraduate degree and a thorough understanding of various accounting and business practices. In Canada, accountants each earn an average salary of about $50,000 annually.
For many Canadians, accounting jobs can lead to other, better-paid positions. An accountant might go on to become an assistant controller, a financial controller, a financial analyst or an accounting manager. Some accountants move into upper level corporate positions including chief financial officer, finance director or Vice President of Finance. The salaries that accompany these job titles can be significantly higher than the average accountant’s salary.
College can give you a head start on a lucrative career in digital marketing. On average, digital marketers in Canada earn salaries of about $61,000 per year. Digital marketers who have extensive experience with social media can often command higher pay. This job title can also lead to promotions and even higher-paying positions. For example, you could get promoted from digital marketer to marketing director and become eligible for a greatly increased salary of up to $112,000 per year.
In Canada, it isn’t necessary to obtain a terminal degree in order to earn a comfortable salary. Whether you’re about to graduate from high school or you’re thinking of launching a second career, a business college education could be a stepping stone to a brighter future. An undergraduate degree prepares you adequately for many good jobs in niches such as bookkeeping, accounting and digital marketing.