Getting a business degree can open up many career paths, from human resource management to finance and sales- the opportunities are manifold.
We talked to the experts in the business world and put together a comprehensive list of all the job options you have after procuring a business management degree.
Management analysts provide recommendations to increase the efficiency of a company. They advise executives on ways to make businesses more lucrative by lowering expenses and increasing revenues. They may work with a particular department or the entire organization to observe how various jobs interact. While the specifics of this line of work will vary per company, think of these specialists as individuals who can stand back from day-to-day operations and discover duplicate procedures, unnecessary stages, and bottlenecks in the process of getting things done.
Management analysts often work as consultants that specialize in a certain area of expertise; therefore, this is usually a contract role. The position necessitates a thorough grasp of business procedures, but that isn't all. To comprehend the effects of possible process changes, management analysts require good problem-solving abilities, an eye for detail, and the ability to effectively communicate with stakeholders.
Daniel Foley, SEO Manager at LoanX
Project managers (PMs) are in charge of organizing, planning, directing, and coordinating business initiatives, as well as ensuring that all projects are finished on time, within budget, and in accordance with company objectives. They are in response to managing teams, arranging meetings, troubleshooting, and assessing small goals and milestones in relation to the bigger aim. The average wage in the United States is $76,404.
Ravi Patel CEO & Founder of Job Alert
The average wage in the United States (for an HR Resource Manager) is $69,206. Human resource managers are in charge of all elements of employee recruiting, firing, payroll, training, and development, as well as governance. They are frequently responsible for doing personnel research and recruitment, as well as arranging interviews and onboarding new workers. Human resource managers are in charge of payroll, benefits, and, if the firm offers them, incentive programs.
Alex Claro, VPN Analyst at CreditDonkey
While marketing skills are required for sales professions, those selling goods or services to a business-to-business (B2B) market must be able to communicate in business terms. As a result, business management majors with a strong sales background can do exceptionally well in this field. B2B sales professionals with a management background may have an advantage in this highly competitive area by being able to engage with business owners and managers from their unique point of view.
B2B salespeople might sell products like credit card processing merchant accounts, point-of-sale systems, or group employee benefit plans. Your management degree, when combined with a solid track record in sales, may help you be considered for promotion to sales manager.
Jeroen van Gils CEO at EcomContent
A business degree holder can get a job in finance by working as an analyst or manager.
You can work for companies like Nike, Coca-Cola, and PepsiCo with your business degrees. You will be able to obtain jobs such as marketing managers, market researchers, or sales directors if you have one of these degrees.
Your business degrees will give you an excellent opportunity to get jobs in accounting and audit at big companies. You can even work at smaller companies as well, but it will be more challenging to get a job in accounting than at the bigger businesses.
Human Resource is another career option for business management degree holders. This can get you a job in the HR department of companies or even be a manager at your own company.
A bachelor's degree is the minimum requirement for entry-level employment in public relations, so if this interests you, read on. Your most common job titles with these degrees are public information officers or account executives. Business Management graduates can also find jobs as special assistants to the president or public relations managers.
Do you want a job that lets you work on business projects? Then consider consulting, which is where companies hire professionals for short-term assignments and projects. As your skills improve with experience, you could become an independent consultant or open your own consultancy firm.
Business degrees are good entry-level qualifications for real estate jobs such as an appraiser, broker, and property manager. You can also get jobs in the fields of mortgage sales or residential housing development by having one of these degrees.
Megha Gadke, Founder at KetoConnect
Business administration is a good major because it ranks first among the most demanded majors. A business administration major can also prepare you for a variety of high-paying jobs with above-average development potential.
Carrying a business management degree, you could be an operations manager. You manage quality assurance programs, strategize process changes, and more while supervising, hiring, and training personnel.
Next is you can be a Marketing Manager, you locate potential customers for a company's goods and forecast product demand, and supervise a team that devises methods to stimulate interest and maximize earnings.
Lastly, to be a Risk Manager, you will oversee the organization's comprehensive insurance and risk management program, assessing and identifying risks that could impede the reputation, safety, security, or financial success of the organization.
Erin Zadoorian, CEO/Executive Editor, Ministry of Hemp
A compensation specialist is an expert in utilizing compensation theories and practices to motivate employees, maximize revenue, minimize expenses, or satisfy stakeholders. Companies often employ these specialists to design strategies that have measurable outcomes.
The job duties of a compensation specialist include evaluating financial data of organizations and understanding specific operating plans (i.e., guidelines for employees, managers, etc.).
The Financial Director is responsible for managing the company's financial, banking, and capital resources. They are responsible for managing corporate assets and liabilities. Directors are also responsible for other financial matters such as the company's investments in bank stocks, bonds, mutual funds, and other securities.
A Financial Director may also be involved in evaluating new business opportunities or the acquisition of other companies. Other duties associated with a Director may include budgeting and forecasting expenditures while developing a plan to meet financial needs while considering inflation rates and growth projections.
Lynda Fairly, Co-Founder Numlooker
Some jobs to consider are those in the accounting and finance industries. If you enjoyed your finance courses, you might want to consider a career in banking and insurance. Those who enjoy accounting courses can consider bookkeeping and accounting.
These are also jobs where having a business management degree can give you an advantage since many of the concepts have been covered during your degree course. Someone with another degree joining these careers would have to spend much more time catching up and learning the key concepts.
For example, a personal banker can handle a client's relationships with the bank, including loans, investments, and trust funds. They can work with clients, advise them, and answer their questions. Someone in insurance sales like me works with both corporations and individuals to educate them on insurance products and help match them with the best options that meet their needs.
Shawn Plummer, CEO of The Annuity Expert and Director of Advanced Annuity and Insurance Sales