Business Schools
In Salem, Virginia
Business faculty can choose to work at one of 2 business schools in Salem. The following statistics and charts help analyze the current state of the business academic community in Salem, and the future trends. Academia in business includes business training at the following levels:
Statistics
Professional Trends
Salem Vs. Virginia Business Employment
| Salem | 4,320 |
| Virginia | 168,080 |
Exactly 4,320 of the 168,080 business professionals employed in Virginia, work in Salem. The number of business professionals in Salem has grown by 12% from 2006 to 2010. As the employment for business professionals in Salem has increased, overall employment in Salem has also increased.
Salem Vs. Virginia Business employment growth
| 128,710 | 133,640 | 107,730 | 161,460 | 168,080 |
| 3,850 | 4,080 | 4,110 | 4,380 | 4,320 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Grey: Virginia
- Dark Yellow: Salem
Business VS. All professions salaries in Salem
| $77,461 | $74,190 | $76,338 | $77,440 | $77,924 |
| $34,070 | $34,760 | $35,520 | $36,840 | $37,980 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Business in Salem
- Dark Yellow: All Professions in Salem
In Salem, salaries for business professionals have increased. Salem business professionals made $77,924 per year, on average, in 2010. The average salary for business professionals in Salem was $77,461 per year, four years earlier in 2006. The growth in the salary of business professionals in Salem is slower than the salary trend for all careers in the city.
Salary percentiles for Business professionals in Salem
10th percentile |
$35,231 |
25th percentile |
$47,239 |
50th percentile |
$72,809 |
75th percentile |
$88,215 |
90th percentile |
$103,361 |
Business professionals make a median salary of $72,809 per year in Salem. The difference in pay between the business professionals in the lowest pay bracket and those in the highest pay bracket is approximately 193%. Those in the lowest 10% of the pay bracket earn less than $35,231 per year, while those in the highest 10% of the pay bracket earn more than $103,361 per year.
Average Salaries for Business professionals and related professions in Salem
Hospitality |
$28,620 |
Human Resources |
$34,300 |
Accounting |
$42,702 |
Advertising |
$44,340 |
Risk Management |
$50,190 |
Restaurant Management |
$50,520 |
Fashion Merchandising |
$51,605 |
Forensic Accounting |
$56,215 |
Finance |
$62,111 |
Project Management |
$71,116 |
Fashion Marketing |
$73,095 |
Business |
$77,924 |
International Business |
$78,390 |
Management |
$80,291 |
Property Management |
$80,610 |
Sports Management |
$81,480 |
Marketing |
$85,757 |
Business Administration |
$87,500 |
Business Management |
$95,004 |
Small Business |
$103,330 |
Salem business professionals have earnings that are higher than the salaries earned by others in related fields, on average.
Educational Trends
Business schools in Salem
Many of Salem's business professionals are graduates of one of the 2 accredited business schools in the city.
Business Programs Offered In Salem
associate |
2 |
bachelor |
4 |
master |
1 |
doctor |
0 |
Certificate |
0 |
| Total | 7 |
Salem's business schools offer 7 business degree and certificate programs.
Student Completed Business Degrees In Salem
associate |
235 |
bachelor |
163 |
master |
16 |
doctor |
0 |
Certificate |
0 |
| Total | 414 |
Approximately 414 students graduated from business courses in 2010.