What can I do with a business management degree?

Taking care of your family can often mean neglecting your own needs. When making your professional choice, think about the people in your life and how you can help them out while still having a good time at work every day.

Even though you’ve held numerous jobs throughout your life, you’re now ready to pursue a profession of your own. You’ve decided to put in the time and effort necessary to make a name for yourself in the competitive world of business. A degree in Business Management may be exactly what you need to help you attain this objective.

Is a degree in Business Management useful? If you want a solid foundation for multiple careers, an associate’s or bachelor’s degree in this field can help you achieve that goal. If you are interested in starting a career in business management, here’s what you should expect:

How do I get a business management degree?

You will need a degree in business management to get your foot in the door. Most employers expect at least a bachelor’s degree, focusing on business studies, from their employees, regardless of their position. An MBA degree may lead you to stand out from other applicants and make you a more intriguing candidate in your own right.

In addition to a college degree, some firms ask for prior business management expertise. Managerial, executive, and other high-level roles are especially at risk. Entry-level roles, on the other hand, may be an exception.

Business management jobs

Here are some examples of various business roles you could pursue with your degree:

1. Accountant

Accountants prepare, preserve, and analyze financial records for corporations or individuals, often on their behalf. Bookkeeping, tax payments, reviewing records, reducing costs, and raising earnings are some of their responsibilities.

A bachelor’s degree in accounting, business, finance, or a closely related discipline is required for accountants at the very least. If you want to operate as a Certified Public Accountant (CPA) in the state where you work, you may need to obtain a license.

According to the BLS, accounting and auditing jobs are expected to expand by 7 percent between 2022 and 2030.

2. Business manager

Business managers are responsible for many parts of a company’s day-to-day operations. They ensure that a company is running smoothly and on schedule to accomplish its objectives.

Depending on the company, a business manager may be in charge of other departments, such as marketing, finance, and human resources.

According to the BLS, a

administrative services and facilities managers — the organization’s closest occupation to a business manager — earned $56,080 to $169,930 a year. Salaries differ depending on the sector, the size of the organization, and other criteria such as location and expertise.

A bachelor’s degree and several years of hands-on experience in the workplace are required to become a business manager. A master’s degree in business administration may be required by some businesses, particularly larger ones.

According to the Bureau of Labor Statistics, positions in all management occupations are predicted to expand by 9% between 2022 and 2030. In the following years, this will equate to around 906,800 new jobs.

3. Financial manager

Financial managers, like accountants, look after an organization’s finances. However, they usually look at their overall and long-term money. Responsibilities include looking at financial data, setting objectives based on that data, and making plans to reach them. In some businesses, they may have to improve the performance of employees in financial, accounting, or sales departments. They may also have to do this.

Annual wage range: $70,830 to $208,000 per year. Again, salaries can vary based on a lot of different things.

There are many different jobs for people who have a bachelor’s degree in business, economics, or finance. Having a master’s degree in one of these fields or getting a CPA or Chartered Financial Analyst (CFA) certification can help you get a job with a lot of money. You will need to work in a lower-level business or finance job for a long time before moving up to become a manager.

Demand for financial managers is expected to rise 17% between 2022 and 2030, much faster than the growth expected for most other jobs.

4. Management analyst

Management analysts look at how an organization runs and try to make it more efficient and productive. They figure out what problems their clients have and develop ways to solve them. They usually work for themselves or a consulting company, not for a company. This way, they can give an unbiased and fresh look at things.

Management analysts made between $50,990 and $156,840 a year in May 2020. Salaries depend on where you live, how long you’ve worked, and what job you do.

Need to get an undergraduate degree in business, management, or something else related to work in this job? If you want to start in business, you might want to get a master’s degree in business or have any work experience.

Between 2022 and 2030, the demand for management analysts in the United States is expected to rise by 14%. This is a lot faster than the expected growth for all other jobs.

5. Marketing manager

It’s their job to run a business’s marketing department, including its employees and its marketing projects. Market research for new products and services, the effectiveness of marketing campaigns, and the results of these campaigns are all handled by these people. They also report this information to their bosses and other internal people who need to know. They often work with other parts of the company, like sales, or they represent them in the media.

The BLS said that in May 2020, the range of annual salaries would be $74,620 to $208,000 per year. Salary ranges are based on a lot of different things.

Business, marketing, and communication are all fields where you will likely need a bachelor’s degree to work in this field. To become a manager, you will need a lot of experience in marketing. In addition, some employers want people who have worked in management for a long time.

Between 2022 and 2030, the BLS predicts that there will be a 10% rise in the number of people looking for marketing managers.

6. Project manager

Project managers in an organization are in charge of running specific projects and tasks. This includes managing the project’s budget, client relations, finances, and the people who work on it. You can work as a project manager in various industries, from government agencies to healthcare to technology and everything else in between.

According to the BLS, project management specialists made between $42,180 and $135 220 a year in May 2020. These ranges are different for each industry, location, educational status, experience, and other things.

Most employers will want to see that you have a bachelor’s degree before you can work for them (preferably in business or business management). Some jobs require extra certifications or even a master’s degree in project management. Before you can become a project manager in your chosen field, you’ll need some experience.

The Project Management Institute (PMI) predicts that the demand for project managers worldwide will rise by 33% through 2027.

The salary ranges aren’t just for people who went to the University of Phoenix. Actual results depend on many different things, like how long the person has worked, where they live, and other things that are unique to them. The University of Phoenix does not guarantee that you will get a job, a raise in pay, or a promotion in your job. BLS data is based on where you live. The BLS website has information about a specific state or city that can be looked up.

Final Remarks!

If you have a Business Management degree, what can you do? As you can see, there are many ways to earn. It all comes down to what you want to do and how much time and money you can spend.   Instead, you can ask for more information by commenting below!

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