Business Schools
In Richmond, Virginia
Business faculty can choose to work at one of 9 business schools in Richmond. The graphs, statistics and analysis below outline the current state and the future direction of academia in business in the city of Richmond, which encompasses business training at the following levels:
Statistics
Professional Trends
Richmond Vs. Virginia Business Employment
| Richmond | 1,550 |
| Virginia | 168,080 |
Of the 168,080 business professionals employed in Virginia, 1,550 work in Richmond. Between 2006 and 2010, in Richmond, there has been a 72% growth in the number of business professionals. As the employment for business professionals in Richmond has increased, overall employment in Richmond has also increased.
Richmond Vs. Virginia Business employment growth
| 128,710 | 133,640 | 107,730 | 161,460 | 168,080 |
| 900 | 1,290 | 1,430 | No data | 1,550 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Grey: Virginia
- Dark Yellow: Richmond
Business VS. All professions salaries in Richmond
| $74,769 | $70,397 | $68,269 | No data | $89,691 |
| $37,120 | $37,780 | $39,600 | No data | $42,600 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Business in Richmond
- Dark Yellow: All Professions in Richmond
As the number of business professionals in Richmond has grown, salaries for business professionals have also increased. In 2010 an average salary of $89,691 per year was earned by business professionals in Richmond. Four years earlier in 2006, the average salary for business professionals in Richmond was $74,769 per year. The growth in the salary of business professionals in Richmond is faster than the salary trend for all careers in the city.
Salary percentiles for Business professionals in Richmond
10th percentile |
$39,070 |
25th percentile |
$55,100 |
50th percentile |
$82,309 |
75th percentile |
$98,993 |
90th percentile |
$122,742 |
Business professionals in Richmond make a median yearly salary of $82,309. The difference in pay between the business professionals in the lowest pay bracket and those in the highest pay bracket is approximately 214%. Those in the lowest 10% of the pay bracket earn less than $39,070 per year, while those in the highest 10% of the pay bracket earn more than $122,742 per year.
Average Salaries for Business professionals and related professions in Richmond
Hospitality |
$19,315 |
Accounting |
$40,453 |
Human Resources |
$41,570 |
Fashion Merchandising |
$49,493 |
Forensic Accounting |
$66,190 |
Management |
$75,184 |
Finance |
$76,800 |
Project Management |
$78,076 |
Business Administration |
$80,655 |
Small Business |
$85,130 |
Business |
$89,691 |
Sports Management |
$90,560 |
Business Management |
$98,112 |
International Business |
$99,235 |
On average business professional salaries in Richmond are higher than salaries earned by their professional counterparts in related professions.
Educational Trends
Business schools in Richmond
There are 9 accredited business schools in the city. Many of Richmond's business professionals are graduates of one of these schools.
Business Programs Offered In Richmond
associate |
8 |
bachelor |
17 |
master |
10 |
doctor |
0 |
Certificate |
8 |
| Total | 43 |
There are a total of 43 degree and certificate programs in business offered by Richmond's business schools.
Student Completed Business Degrees In Richmond
associate |
179 |
bachelor |
883 |
master |
273 |
doctor |
0 |
Certificate |
65 |
| Total | 1,400 |
In 2010 approximately 1,400 students graduated from business courses.