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Business Management Careers

Major industries for careers in Business Management

  • Some of the most sought after careers in business management are in the sectors of retail and consumer goods. These career paths are ideal for people with strong backgrounds in sales, marketing and distribution.
  • There are good opportunities for building a career in business management in the technology sector. This includes strategy-making roles at established firms such as energy providers and telecommunications operators. There are also opportunities for people with training in business management in start-up companies who are looking to develop and commercialize new technologies.
  • There are even careers in business management in the non-profit sector. The non-profit sector needs professionals for fund-raising, marketing and publicity. A person with a credentialed business background is often an ideal fit.
  • The government sector too offers careers in business management. This is often in regulating existing businesses to ensure fair competition and transparency.


Education Programs that can help

  • A Bachelor of Business Administration or BBA is often the most direct way to apply for jobs in business management.
  • A Master of Business Administration or MBA is often the gateway to positions in senior management. You are not required to complete a BBA before starting your MBA. In fact some of the most successful candidates in MBA programs are those with relevant work experience.
  • Mid level managers often find that executive courses and professional education is useful for them as it helps them enhance their career prospects and take on bigger responsibilities.

What will you study in a business management program?

There will be variations in the program curriculum depending on the type of degree that you opt for, university that you enroll in as well as the specialization that you choose to pursue. Many universities allow students to choose a concentration area in order to help them focus on their academic and professional interests. Specializations may include:

  • Finance is a popular choice for specialization for those interested in a career in business management. The necessary credentials are best acquired by completing a relevant certification in accounting or finance.
  • Marketing is also a popular specialization for careers in business management given the high demand from retail and consumer goods sectors.
  • Other popular specializations for careers in business management are human resource management and operations management.

The courses that you may have to study include:

  • Developing A Business Perspective
  • Fundamentals Of Management
  • Fundamentals Of Accounting
  • Marketing Management
  • Ethics And Enterprise
  • Supply Chain Management
  • Project Management
  • Data Analysis for Business Decisions
  • Information System
  • International Business Management
  • Foundational Skills for Business Leaders
  • Organizational Strategy

The list above covers the kind of courses that are typically taught in a bachelor and masters of business administration. For more specific information, you should get in touch with your university.

Popular jobs

  • One of the most popular career paths for those looking for careers in business management is banking. The banking sector hires many of those interested in careers in business management and provides them with the relevant skills.
  • Another area where jobs are available in business management is management consulting. This deals with advising existing businesses on means of improving efficiency and expanding profitability and market share.
  • There are also top careers in business management in the technology sector. Those seeking careers in business management can work at computer and biotechnology companies that are looking for professionals to manage and distribute their products.

Statistics on Careers in Business Management

  • Careers in business management are among the most readily eligible to those having graduated.
  • The salary for careers in business management goes up with work experience and additional training. According to O*NET, where business operations analysts earn a median annual wage of $65,120, business intelligence analyst draw a median annual salary of $81,140.
  • Senior managers are often offered benefits such as stock options that increase the value of their pay package.
  • Some of the most popular careers in business management are available to those who have a technical background in engineering, science or computers.

Which Career should I pursue?

If you’re wondering which career option you should pursue, the simple answer here is; it is a matter of personal preferences. You need to take into account your academic and professional objectives, do your research and then decide the career path that you wish to work towards.

In order to give you a better idea of the options available, look through the list below. It provides a brief description of some of the jobs that have been listed as the ‘Best Business Jobs Of 2014’by US News.

Market Research Analysts:

They are responsible for researching and evaluating local and national market conditions and making forecasts about potential sales and profit levels. Market research analysts also help in formulating appropriate marketing strategies and campaigns.

Median wages (2013): $60,800

Job Growth Rate (2012-2022): 22% or higher

Operations Research Analyst

These professionals make use of mathematical models and other optimization strategies to analyze information that may help the management of the company with effective decision making and policy formulation.

Median wages (2013): $74,630

Job Growth Rate (2012-2022): 22% or higher

Business Operations Manager:

They are responsible for planning and coordinating the various operations of organizations. General and operations managers may have to collaborate with the concerned departments and assist in policy formulation, management issues, or logistics.

Median wages (2013): $96,430

Job Growth Rate (2012-2022): 8% to 14%

Marketing Manager

They use their expertise to formulate marketing strategies and campaigns. Marketing managers oversee all relevant marketing activities and ensure that consumer interest in products and services offered by the company can be sustained.

Median wages (2013): $123,220

Job Growth Rate (2012-2022): 8% to 14%

HR Specialists

They perform tasks like interviewing, assessing, and recruiting new employees, providing training sessions, ensuring health and safety at workplace, developing and assessing compensation schemes, and dealing with labor relation issues.

Median wages (2013): $56,630

 Job Growth Rate (2012-2022): 8% to 14%

Whether you will be eligible to apply for the above mentioned positions essentially depends on the specific educational and professional requirements of the prospective employers as well as your personality traits.

Related Links

Online Business Management Courses

States with the highest employment level in this occupation:

State

Employment

Employment per thousand jobs

Location quotient

Hourly mean wage

Annual mean wage

California 1660 0.11 1.26 18.13 37720
Florida 1130 0.14 1.68 17.97 37370
Illinois 960 0.16 1.92 17.9 37240
Texas 760 0.07 0.78 16.62 34570
New York 650 0.07 0.85 20.12 41840

Source: bls.gov

How long does it take to start a business management career?

The amount of time it takes to start a career in business management depends on the profession you select. But on a general basis, you will need to have at least a 2-year long associate degree in business management or a four-year long bachelor’s degree in business management, to pursue the various career options in this field. For more advanced positions, you might need a master’s degree, that typically lasts two years.

What are the requirements to start a business management career?

To start a career in business management, you will need to get a degree. The level of degree you go for depends on your prior education and future career goals. You may choose to go for a 2-year long associate degree, a four-year long bachelor's degree or a two-year long master’s degree. As part of these degrees, you will be completing courses in business law, economics, ethics, entrepreneurship, finance, human resource management and marketing among others.

How much can I make with a business management career?

The amount of money you make with a career in business management depends on the profession you choose to take up. Business management majors have a variety of options to choose from. These include careers as sales executive, marketing executive, retail manager, logistics and distribution manager, mortgage advisor and so on.

Frequently Asked Question(s)

Q:What are the common industries for Business Management careers?

A:The common industries for Business Management careers include, Banking, Management Consulting and Technology Sector.

Q:While studying about the Business Managements jobs without experience, I came across the Principles of Management course. What are the contents of this course?

A:Business Management programs and certifications always have the Principles of Management course. This course emphasizes on the practices and principles of management, with ample focus on the functions of management in regards to organizing, planning, directing, staffing as well as controlling. You may also be trained on topics such as motivational techniques and methods of effective leadership in management.

Q:While I went through the careers in Business Management, there was mention of the course on Business Communications. What are the contents of this course?

A:It is common to get to read about the course on Business Communications while going through the careers in Business Management. This course is worth 3 credits in total. It is structured to offer students with ample understanding of the basic levels of communication that are applied in the business industry. Students are also highlighted on the proper use of English grammar.

Q:While reading on the prospects for career of Business Management, there was mention of the course on Personal Finance. What are the contents of this course.

A:It is quite common to get to read about the course on Personal Finance while going through the articles on career of Business Management in the United States. This course is worth 3 credits in total. It is designed to offer students with strong understanding of the consumer focused overview of the various economic concepts. Students are also highlighted on the concepts of insurance and retirement plans.

Q:As I read about the Business Management career options, there was mention of the course on Principles of Finance. What are the contents of this course?

A:It is usual to get to read about the course on Principles of Finance while going through the articles on Business Management career options. This course is usually worth 3 credits in total. It is intended at making the students understand the way in which management capital is taken care of in a business oriented firm. There is also emphasis on the risk and cash flow strategies.

Q:While looking for some business management jobs, I came across distance learning programs. How can these programs help me?

A:Distance learning programs would be mentioned when searching for business management jobs. Online educational programs are specifically designed to help students study at their own pace and convenience. The syllabuses for these courses are extensive and cover every topic in detail. By enrolling in online programs, students can also save money on travel and accommodation. It is recommended search institutions on our website for more information.

Q:What are some of the business and management careers that I can pursue?

A:Although the actual career choice you will make will depend on factors like your personal preference, and academic performance, a few of the job choices that you can consider include: Purchasing Manager, Business Manager, Contract Specialist, Insurance Sales Agent, Personal Banker, Sales Director, Business Development Manager, Financial Analyst, Business Analyst, IT, Supply Chain Analyst and Retail Store Manager.

Q:While searching for business management degree careers, I came across a course on Social Impact of Business. What is included in this course?

A:Course on Social Impact of Business would be mentioned when searching for business management degree careers. This course examines different social and technological trends that effect businesses and its operations. Students with the help of this course also learn about the interactions between business and society. Interested students are advised to search our website for more information.

Q:What does a career in business management entail?

A:A career in business management can see you working in a number of roles in a company. In fact, business management degrees are designed to prepare students for the challenges of the real world business environment. The job market is tough right now but the right business degree will surely help you in getting the job you want.

Q:Can an MBA promise lucrative management careers?

A:In business it is important to maintain a check and balance and make sure all processes run smoothly. Basically, good management skills are required to make business valuable and that is what an MBA programs train the students for. After an MBA one can look forward to senior management jobs in a company.

Q:What are the different careers in business I can pursue?

A:There are a number of different careers you can initiate in the field of business. You will first need to earn a degree in business and develop strong skills. You can work at a managerial post or an executive post. The job specifications will depend upon your area of specialization and degree level.

Q:Can you tell me about careers for business management degree holders?

A:There are a number of management careers one can pursue with a degree in business management. A business management degree can open doors to job positions in various organizations. Depending upon the specialization area, one can work in finance departments, human resource departments, marketing departments, supply chain departments, and more.

Q:Can you tell me a little about some of the most popular business management occupations?

A:There are a number of business management occupations that have become popular nowadays. A few have been mentioned here: advertising, promotions manager, computer information systems managers, compensation and benefits managers, administrative services managers, financial managers, supply chain managers, and more. The pay for each job will vary and will be dependent upon the level of degree one has.

Q:As I was reading about careers in business management, I came across some of highest paying business jobs. Can you name a few?

A:There are many high paying jobs one can work towards in the field of business management. However, to qualify for these jobs, you must have specialize in the right field and earn at least a master's degree. A few of these jobs have been mentioned here: senior financial analyst, regional sales manager, business development manager, project manager, and marketing manager.

Q:Can you tell me about careers from business management education?

A:Business management education is among the most popularly pursued academic principles. If you have earned a degree in business management, you apply for jobs at managerial positions in organizations. Some of the major specialization areas offered that determine the type of job you can qualify for include marketing, supply chain management, administration, and managerial finance.

Q:What is the demand for business management jobs?

A:Business management jobs are always in high demand as management is a major pillar in all organizations. Without proper management strategies and plan, no organization can run smoothly. There are various types of business jobs that can be found in all departments. One must have the knowledge and skills required to become a competent manager.

Q:Can you tell me about careers business administration with rn degrees?

A:Individuals with RN degrees can pure managerial job positions in the healthcare administration sector by earning a business degree. Many institutes are now offering dual degree programs that focus on managerial studies as well as nursing education. On the other hand, nursing administration has evolved as popular academic principle which basically equips students with managerial skills and administrative skills needed in the nursing field.

Q:Tell me about business MGMT careers?

A:All organizations need professionals who have expert skills in managing business operations. Such professionals contribute directly to the organization's growth by handling projects efficiently and on time. Careers in business management are eagerly sought as they offer lucrative job opportunities. You can pursue a business management career in technology sector, advertising and various other fields.

Q:For a business management career, are there any skills I should be focusing on?

A:If you want to pursue a career in management, it is not just the degree that will help you become successful. You need to make sure you have a diverse skill set. Business managers should have the following skills: communication skills, problem solving skills, project management skills, analysis skills, decision making skills, and HR skills.

Q:What can be termed as the best business management job or career?

A:There is no such thing as best business management job as there are many factors that come into play to make a job or a career a lucrative one. While for some the money factor may make it the best job, for some it's the professional growth that matters. Business management jobs in technological sector, retail or other sectors all have their attractive features and good salary is one of them.

Q:What career can i pursue with a business management degree at undergraduate level?

A:Bachelor degrees in business management can lead to a number of careers in organizations. You can work at managerial levels, supervisory level, and administrative level. The exact job position can only be determined by your major. For example, with a major in marketing, many individuals seek jobs as marketing managers.

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