Bookkeeping Accounting Auditing Clerk
What they do: These financially focused roles are a common starting point for business professionals. These positions are focused on overseeing the financial transactions of an organization and ensuring payment information is accurately captured in accounting software. Additionally, they may be tasked with following up in order to resolve discrepancies and escalate within the organization as needed.
You would do well in this role if numbers help you make sense of things and are meticulous. These roles require an eye for detail and a little bit of an investigative spirit when records arent matching up as expected.
Skills Gained With A International Business Degree
An international business degree teaches students foundational business concepts and cross-cultural skills needed to succeed in global activities. Some programs also provide, or require, additional language training. As companies expand into foreign markets, knowing how to effectively communicate across cultures is essential for organizational success.
Additionally, diverse business environments and varying communication norms require these professionals to understand international business etiquette, which is why international business programs often aim to develop students’ cultural awareness skills.
Careers In Sales And Purchasing
A bachelors in business administration provides job candidates a head start on the ladder of success. Even when a business career path does not require a business degree, the knowledge and skills obtained in college will provide an immeasurable competitive edge. A BBA is an asset in both finding employment and advancement.
Sales and purchasing are both key factors in a retailers success. Employees must have extensive knowledge of the product or service they are selling or purchasing. Sales managers interact with consumers while purchasers analyze vendor reliability, price, quality, and availability. Both need to learn the principles of business operations to be successful.
Business professionals prepare retail employees for management positions with skills in business operations, goal setting, resource management, analytical skills, and communication. Learning the principles of commerce, including active listening, relationship building, negotiating, and closing is essential. A retail professional can only increase their bottom line with an advanced business degree.
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How Do I Start A Career In Business
Some people rely on experiential learning and self-teaching to start their business careers however, for most, the journey starts in school. An associate degree may suffice for those seeking a fast way to transition into an entry-level business role, although ambitious, career-minded people generally seek at least a bachelor’s degree.
Best Business Majors For The Future
Home » 20 Best Business Majors for the Future
Compare business majors for the future based on salary and projected job growth.
Enrolling in one of the best business majors for the future is a smart way to set yourself up for success.
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Earning your business degree online, or on-campus, in a growing field can help you gain the skills and knowledge that employers are seeking.
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Great Jobs For Business Majors With A Bachelor’s Or Better
Organizations in every industry need people who can lead teams, manage money, and make data-driven decisions. That’s why jobs for business majors are so incredibly diverse and wide-ranging. Your education can prepare you to make an effective contribution to just about any sector you can name.
Plenty of students wonder, “What jobs can I get with a business degree?” But honestly, it might be easier to list the ones you can’t get. That’s because business is a broad field that encompasses everything from accounting and marketing to human resources and management.
Business programs are designed to teach you how companies organize themselves, raise revenue, allocate resources, and create value. By completing such training, you develop your analytical, leadership, problem-solving, and decision-making skills. These are valuable and versatile abilities that can be applied in a myriad of ways. As a business major, jobs in private companies, nonprofit organizations, and government agencies all become open to you.
Many people find good jobs with associate degrees in business. But the list of jobs below is divided into entry-level positions for business graduates with a bachelor’s degree and jobs that require some work experience or a higher level of education. These ideas are intended to get you pondering the extraordinary variety of career possibilities that could be in store for you. Use them as a springboard for your own exploration!
Master Of Business Administration
The Master of Business Administration degree is the traditional pathway for business professionals who want to advance into high-level roles. The MBA is a graduate degree that includes core courses in a broad range of business subjects, according to U.S. News & World Report, such as:
- information systems
The traditional MBA program takes two years of full-time graduate study to complete. Many schools now offer both part-time and accelerated study options in their online and on-campus programs. The MBA program gives you a flexible degree. It will appeal to a range of employers in the world of business and finance. Students may choose a specialization or concentration in a subject of interest. Among the most popular MBA specializations are:
- sustainability, according
There are plenty of roles you can hold with your MBA. It helps to choose a well-respected school and a sought-after specialization. Chief executives like CEOs typically need an MBA. Many of the more lucrative business career paths are open to students who earn an MBA with a relevant concentration. Chief executives have the highest-earning role in the business world. The median salary is almost five times the median wage for all occupations, the Bureau of Labor and Statistics reported. These top managers hold titles such as president, executive director and managing director. They oversee the big-picture direction of the company or organization, according to the BLS.
Job Titles: Chief Executive, Management Analyst
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How Much Do Business Graduates Make
Careers for business majors often come with good pay. According to a Georgetown University report that cites median earnings, you can make $66,000 with a business degree at the bachelor’s level. That’s pretty decent, considering the overall median salary of someone with a bachelor’s degree is $62,000.
Of course, your earnings will depend on your area of focus as well as your level of education. For example, the report notes that you can make $64,000 with a business management degree at the undergraduate level. But if you get a graduate degree in business management, you could make about $82,000 per year.
Overall, the report says that the highest-paying business majors at the bachelor’s level are actuarial science , management information systems , and business economics . Among graduate degrees, actuarial science is the business major that makes the most money , followed by business economics and finance .
Keep in mind that your income will also depend on the type of position you land. As you will see in the lists below, the highest-paying business jobs are typically those in upper management, such as CEO , financial manager , and sales manager . But even non-management roles often command comfortable salaries. For instance, a business analyst makes about $79,605 a year, while a management consultant makes $85,260. And an investment banking analyst earns around $116,159.
Where Can You Work As An International Business Professional
A career in international business can lead to job opportunities where you travel the world. Even if your job doesn’t require you to leave the country, you may still work with foregin markets and international customers.
International business professionals hold positions in nearly every industry, including healthcare, banking and capital markets, and consumer goods. As such, jobs are not limited to specific geographic locations but can be found across the country in virtually any public or private sector.
Many global companies, like Amazon and Google, hire international business professionals to develop global teams and maintain overseas operations. Additionally, public sectors, such as government agencies, hire these professionals for roles as foreign policy analysts and economists.
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Best Jobs For Business Majors: Bachelors Degree
#1 Advertising, Promotions or Marketing Manager
Median Salary: $141,490
For business majors, transitioning into advertising and promotions is a profitable decision. Marketing managers coordinate advertising plans, monitor team progress, negotiate contracts, and evaluate marketing efforts. A business degree in marketing or management builds skills in leadership, research, strategic analysis, and communication, highly valuable traits of an up and coming promotions manager. The top earners in this category commanded an average salary of up to $208,000 annually in 2020, and the job outlook is expected to grow by 10% through 2030.
#2 Financial Manager
Median Salary: $134,180
With a large average salary, financial management is one of the top business degree jobs available to the business graduate. Financial managers prepare financial statements, monitor financial details, supervise financial employees, and analyze market trends for their employers. A bachelors degree in accounting is essential, although a business degree in management can also enhance the chances of earning this position. Many companies may prefer hiring candidates with masters degree level education, but starting with a bachelors is step one. Top financial managers command an average salary of $208,000, and job growth is rocketing forward through 2030 at 17%.
#3 Sales Manager
Mean Salary: $132,290
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Business Careers In Management
Becoming a manager is a tough job, with long hours and heavy responsibilities. The upside is that managerial roles are known for being higher-paid, as well as boasting many opportunities for career progression or even a career U-turn. Managers can be found across all industries and fields, and their job is to provide structure and strategy to a workplace.
Because of the responsibility of such positions, its unlikely youll find a managerial role without first gaining a further degree or a number of years of mid-level work experience. Despite this, business graduates are well-placed to become managers later on in life, and with determination and steady career progression an additional degree may not be necessary.
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Is Business A Good Major
The better question may be: Is business a good major for me?
Just as business is not an easy major, careers in business tend to be demanding. Whats more, because business is one of the most popular degree fields, job competition may be fierce, depending on which career path you take.
But a business degree has much to recommend it as well. Entry-level positions in finance or management may require a business degree, according to Indeed.com, and the skills learned over the course of earning a business degree can be leveraged within many different roles even if you ultimately decide to pursue a career outside the traditional corporate scope.
At the end of the day, a business degree can offer a host of transferrable skills you can leverage in a business career and beyond. How you decide to use them is up to you.
Why Earn A Business Degree
According to a 2014 Georgetown University study reported by Forbes: a college graduate will earn a median $1 million more than a high school grad over his or her lifetimecompleting a law, business or other professional degree adds another $1.3 million to that figure.
Its clear that adding a business degree to your resume will likely lead to a higher salary, whether you are a recent graduate or an established professional in your field. However, thats not the only reason to earn a business degree. It can boost your career performance in many other ways:
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Human Resources Specialist: $62k
Positions in human resources are among the most common entry-level jobs for business management majors. HR specialists assess the staffing needs of an organization and find qualified candidates to fill job openings. They review resumes, interview applicants, conduct background checks, and orient new hires. They also process the paperwork required when employees leave an organization.
International Business Career Outlook
As the world economy continues to globalize, more U.S. companies are expanding business operations overseas. According to the Bureau of Labor Statistics , the field of business and financial operations is projected to grow 7% from 2018-2028 — faster than the average occupation in the U.S. This is due largely to the pressures of globalization, which continue to create jobs across many multinational organizations.
Many factors affect salary potential for international business professionals, including their industry and occupation type. For instance, management analysts working in consulting services earn an average salary of $106,160 per year, while the typical management analyst employed by a state government earns $66,450 annually.
A worker’s education level, location, and professional experience significantly affect their earning potential, as well. Refer to the table below for additional salary information at varying career stages for common business careers.
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Some Quick Tips For Getting Your First Job
Get Really Good At Answering The Basic QuestionsThere are interview questions that are very common in many of the positions you’ll be interested in — operations, sales, and finance.
It makes the whole interview process easier when you have detailed answers to these questions prepared.
Don’t be afraid to practice these questions out loud with someone you trust.
Get Someone With Experience To Read Your ResumeEven if you don’t have any direct work experience, you need to be able to communicate your ability to get tasks done through your resume.
Because many entry level job applicants only have internships, retail jobs, or summer gigs, they haven’t had any “big achievements” to mention. You will stand out tremendously if you take initiative at these jobs in small ways and add it to your resume. Were you able to reduce time to fulfill orders? Did you take what you learned at your internship and start a side project?
Someone with experience will help think of ways to make it look like you got a lot out of the experiences. At the very least, they can make sure you format your resume appropriately.
Training & Development Managers
Average salary: $115,640Education: Bachelors degreeTraining and development managers coordinate training efforts to enhance the skills of people in every industry. They are often found in offices and spend most of their time working directly with people. The position is directly tied to job growth, so the outlook for this position is steady, faster than the national average at 11%. There is plenty of opportunity for advancement, and the top 10% earn over $200,000 a year.
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What Business Majors Are Most In Demand
Todays employers are looking for candidates who have leadership and project management skills. Employees who are comfortable with technology, understand data and how to interpret it, and can work collaboratively as part of a team are best positioned to succeed.
If your interests are in a particular aspect of business, you may opt for a degree program that centers on that instead of choosing a business administration concentration. For example, if you work in marketing or hope to break into that field, you could earn a bachelor’s degree in marketing instead of a bachelor’s in business administration with a concentration in marketing.
You can choose the option that best reflects your career goals in other areas such as:
The communication, supervisory and management skills you can acquire in any of these programs can be translatable in the corporate, nonprofit and government sectors. Additionally, the project management expertise woven into each of these focus areas is applicable in any field post-graduation.
Bachelor’s in Project Management
If youve got a head for logistics and process control, you may even decide to focus your business administration degree on project management. This degree will provide the fundamentals of management with a deep dive into the planning and decision-making critical to resolving the complex issues of todays workplaces.
Bachelor’s in Accounting
What Industries Can You Work In With A Business Management Degree
Some popular industries for business management include:
- Private companies
With this degree program, the door is wide open for you. You can choose the industry and position you are passionate about, and utilize your knowledge of business practices to help advance your career and create growth for a company.
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Pursue A Bachelor Of Science In Business Administration
Colorado Technical University offers a BSBA degree program that allows students to pursue a broad understanding of business administration. CTUs Bachelor of Science in Business Administration program is recognized by the Accreditation Council for Business Schools and Programs and has been ranked on U.S. News & World Reports Best Online Programs list for three consecutive years .
©2022 All rights reserved. No information may be duplicated without CTU’s permission. The CTU logo is a registered trademark of Perdoceo Education Corporation. CTU cannot guarantee employment, salary, or career advancement. Not all programs are available to residents of all states. CTU does not accept applications from residents of Massachusetts or New York and certain foreign countries. Programs vary by location and modality see the University Catalog for details. Financial aid is available for those who qualify. The appearance of U.S. Department of Defense visual information does not imply or constitute DOD endorsement. See the Accreditation & Licensure section for information on the agencies that approve and regulate the school’s programs, including relevant complaint procedures. Visit Accreditations Page. For important information about the educational debt, earnings, and completion rates of students who attended these programs and other important disclosures, click the links below.Colorado Technical University· 1575 Garden of the Gods Road, Suite 100· Colorado Springs, CO 80907
Is It Worth Getting A Degree In Business
Getting your business degree can open doors to a variety of job opportunities and can offer competitive salaries as well as career growth.
According to the Bureau of Labor Statistics , most people in business-related occupations get paid higher1 than people in other careers. The market for business and financial operation careers is projected to grow 7% from 2018 to 2028 according to the BLS, which is faster than average for all occupations.* However, a business degree is more than just a high-paying salary.
The return on investment for business degrees is also very high. After getting your degree, youll be equipped with a specialized skillset that allows you choose from a variety of career options. The versatility of the undergraduate degree allows a lot of flexibility for many entry-level positions so you can grow in your career. Your business degree could turn into a management position, for instance.
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