{"id":16004,"date":"2023-02-10T02:46:27","date_gmt":"2023-02-10T01:46:27","guid":{"rendered":"https:\/\/ubi.edu\/?p=16004"},"modified":"2023-05-16T23:53:36","modified_gmt":"2023-05-16T22:53:36","slug":"how-much-can-you-make-with-a-business-degree-from-belgium-and-luxembourg-updated-2023","status":"publish","type":"post","link":"https:\/\/ubi.edu\/how-much-can-you-make-with-a-business-degree-from-belgium-and-luxembourg-updated-2023\/","title":{"rendered":"How Much Can You Make With a Business Degree From Belgium and Luxembourg? (Updated 2023)"},"content":{"rendered":"
The earning potential for graduates with a<\/span> business degree from Belgium and Luxembourg<\/span><\/a> can vary depending on several factors such as job experience, industry, and position.<\/span><\/p>\n However, in general, earning a business degree from Belgium and Luxembourg can provide graduates with a strong foundation for a successful and lucrative career.<\/span><\/p>\n According to Glassdoor, the average salary for a Business Development Manager in Belgium is around \u20ac60,000 to \u20ac120,000, while a Marketing Manager can earn between \u20ac55,000 to \u20ac90,000 per year.<\/span><\/p>\n In Luxembourg, a Senior Financial Analyst can earn an average salary of around \u20ac82,000 to \u20ac121,000 per year, while an Accountant can earn between \u20ac51,000 to \u20ac85,000 per year.<\/span><\/p>\n It is important to distinguish jobs that require some experience (5 to 7 years), and jobs that do not. Below are several jobs in each respective category. For a fair comparison, C-level executives have to be excluded from this list.<\/span><\/p>\n As seen with experience, there are more factors that go on to decide your salary. This depends on your ability to secure a job, as well as the expertise and qualifications you have.<\/span><\/p>\n Below is a rundown of some academically cited factors that affect your earnings:<\/span><\/p>\n As business students have increased flexibility in their choice of industries, fresh graduates can pick from a plethora of sectors that could provide a myriad of professional experiences.<\/span><\/p>\n The finance industry in Belgium and Luxembourg is known for its competitive salaries, especially in investment banking and private equity. According to Glassdoor, the average salary for an entry-level financial analyst in Belgium is around \u20ac50,000 to \u20ac85,000 per year, while a fund manager can earn \u20ac87,000 to \u20ac137,000 per year.<\/span><\/p>\n The technology industry in Belgium and Luxembourg is also known for its competitive salaries, especially for highly skilled positions such as software developers and IT directors. According to Glassdoor, an entry-level software developer in Belgium can earn up to \u20ac50,000 to \u20ac70,000 per year, while a project manager can earn up to \u20ac60,000 to \u20ac120,000 per year.<\/span><\/p>\n Management consulting is another industry in Belgium and Luxembourg that is known for its high salaries. According to Glassdoor, a management consultant in Belgium can earn up to \u20ac72,000 to \u20ac85,000 per year or more, depending on their level of experience and the specific industry they work in.<\/span><\/p>\n FMCG<\/span><\/p>\n The fast-moving consumer goods (FMCG) industry is a popular destination for fresh business graduates in Belgium and Luxembourg. According to Glassdoor, a product manager in the FMCG sector can earn up to \u20ac60,000 to \u20ac100,000 per year, while a supply chain analyst can earn up to \u20ac48,000 to \u20ac80,000 per year.<\/span><\/p>\n This underrated industry is particularly popular with business administration students who are interested in risk management. With shipping reinsurance, companies facilitate the safe transport of goods over international waters. As Belgium is a major port of call, many Shipping Insurance firms have headquarters in Antwerp. A commercial underwriter can expect to earn \u20ac30,000 to \u20ac60,000 per year, while an actuary can earn \u20ac50,000 to \u20ac65,000 per year.<\/span><\/p>\n The energy industry is an important sector in Belgium and Luxembourg. According to Glassdoor, an energy analyst in the energy sector can earn up to \u20ac48,000 to \u20ac50,000 per year, while an energy manager can earn up to \u20ac50,000 to \u20ac70,000 per year.<\/span><\/p>\n Deciding whether or not to pursue a master’s degree depends on several factors.<\/span> Pursuing a master’s degree can help with career advancement<\/span><\/a> and lead to higher salaries in some fields. It can also provide personal fulfilment and help with skills and knowledge development. However, it requires a significant time and financial commitment.<\/span><\/p>\n It’s essential to research the specific job market and salary expectations for the jobs you’re interested in before making a decision. Additionally, you should consider your personal career goals and the requirements for the career path you’re interested in. Ultimately, the decision to pursue a master’s degree should be based on careful consideration of these factors.<\/span><\/p>\nWhat Are The Highest Paying Jobs In Belgium and Luxembourg?<\/b><\/h2>\n
No Prior Experience<\/b><\/h3>\n
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Some Prior Experience Needed (Mid-career)<\/b><\/h3>\n
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What Are The Factors That Affect Your Salary?<\/b><\/h2>\n
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Sectors With The Highest Salary<\/b><\/h2>\n
Finance<\/b><\/h4>\n
Technology<\/b><\/h4>\n
Management Consulting<\/b><\/h5>\n
Shipping Reinsurance<\/b><\/h4>\n
Energy<\/b><\/h4>\n
Is a Master’s degree or an MBA worth it? Should you pursue higher education?<\/b><\/h2>\n
Closing Thoughts<\/b><\/h2>\n