International trade is big business in New Jersey, with more than 20,000 businesses in the state exporting $36.8 billion worth of goods in 2014 alone according to the US Department of Commerce International Trade Administration. This level of trade supported 165,695 jobs that year, including high-paying positions for business development directors, trade specialists and corporate executives involved in international business.<!- mfunc search_btn -> <!- /mfunc search_btn -> <!- mfunc feat_school ->
New Jersey’s strategic coastal location makes it a prime location from which to make goods available to foreign markets. In addition, New Jersey boasts a highly educated pool of talented professionals who are highly compensated for their knowledge of international business and relations.
Both businesses and NGOs in New Jersey rely on professionals with expertise in international relations to help them navigate in the global sphere. In an analysis of New Jersey’s nonprofits released in 2015, the Center for Non-Profits reported that 30% of the organizations surveyed were likely to hire new employees in the coming year.
Salaries for International Business Professionals in New Jersey
The median salary for several categories of international business professional was exceptionally high in the Edison and Newark areas in 2014 according to the US Bureau of Labor Statistics:
The US Bureau of Labor Statistics provides a high level of detail on the salaries of a number of professionals found in the multinational companies and local exporting companies that call New Jersey home (2014):
*These values are equal to or greater than $90 an hour or $187,199 a year. The US Bureau of Labor Statistics does not report salaries beyond these values.
International Relations Professionals in New Jersey
Nonprofit staffing firm, Bluewater Nonprofit Solutions, released an analysis of the salaries of chief marketing officers in nonprofits in the Northeast area of the US, which includes New Jersey. In 2012, the median salary for these professionals was $104,272 with the maximum salary being $250,000. Half of the organizations paid bonuses, with the average bonus being 7.16%.<!- mfunc search_btn -> <!- /mfunc search_btn ->
Fundraisers in the Edison area earned a higher median salary than their colleagues in the rest of New Jersey:
- Edison: $58,420 (Median) – $84,570 (90th Percentile)
- New Jersey: $55,900 (Median) – $79,070 (90th Percentile)
The US Bureau of Labor Statistics provides a highly detailed salary analysis for occupational categories associated with providing expertise in international relations to government agencies, nonprofits and businesses (2014):