An MBA degree can help you develop a variety of skills applicable to various fields and industries. To ensure that their operations function at the highest level possible, almost every company must use the services of business professionals. You will be able to create a more refined job search after learning more about the available business positions within each industry. Our article examines seven jobs that usually require a degree in business and lists several companies that hire these kinds of situations.
Where do I start?
If you want to get an answer to this question, you might want to consider getting a bachelor’s degree in business. In my opinion, this is an important first step in the right direction that will prepare the individual to prepare for opportunities in this field. It is, however, necessary that you continue to pay attention to the nuances associated with that degree to succeed.
Think about the field you want to work in before you begin a degree program. What do you want to do? Would you like to be in operations or managerial position? Maybe in finance? Or perhaps in human resources? How about marketing?
If you are unsure of the industry, you should pursue, consider volunteering or getting an internship to get a sense of what might be a good fit. It’s not just that having experience in a particular field boosts your resume; it can give you a better understanding of what the job is really like, which can help you find the right fit.
An excellent way to get known in your field and take advantage of your leadership skills is to join a professional group. With a business degree, you can pursue the following careers:
1. Chartered Accountant
It is important to keep in mind that accountants are not just tax preparers. In addition to preparing, analyzing, and maintaining financial records, management accountants advise businesses on cost reduction and manage money entering or leaving businesses. Organizations, industries, or individuals can have accountants working for them.
Accounting majors need expertise in financial and accounting practices, detail-oriented skills, problem-solving abilities, and communicating complicated financial concepts. An accountant does not require a certification to start, but one that has been obtained or pursued increases your hiring chances. The annual wage for an accountant is $53,806.
2. Finance Analyst
As a business major, you will learn how to assess a business’s strengths and weaknesses and analyze trends across various sectors. Financial Analysts use these skills to evaluate companies, industries, and investment opportunities. Financial analysts research financial statements, calculate ratios and write reports to recommend investments and resource allocations. Business majors gain the knowledge of accounting, finance, economics, and mathematics that financial analysts need. Currently, the national average salary for financial analysts is $74,469 per year.
3. HR Specialist
Every business has human resources specialists who deal with the human side of the company. The job of a human resources professional may include recruiting, interviewing, hiring, and onboarding new employees, arranging, administering, and presenting employee benefits, resolving employee conflicts, and facilitating training. People who enjoy working with people and enjoy communication and interpersonal skills are good candidates for HR specialists. HR specialists must also be capable of analysis and presentation. Organizations may require, or may prefer, candidates with Human Resource Certification Institute (HRCI) or Society for Human Resource Management (SHRM) certifications. Choosing HR assistant positions as an entry-level candidate would be your best bet before moving onto a specialist role. The average salary for HR assistants is $63,490.
4. Managing Analyst
In your role as a management analyst, sometimes called a management consultant, you find ways to reduce costs and boost revenues to help companies become more profitable. You likely provide consulting services to different companies. In addition to interviewing their clients’ managers and employees, they observe processes and procedures and analyze data to understand the full scope of the business and any issues they are facing. Following this, they offer recommendations and stay in touch with past clients to guarantee these new systems deliver the company’s results. The average salary for this position is $88,810.
A marketing manager is responsible for planning, implementing, and evaluating promotional campaigns for an organization’s products and services. Additionally, they are responsible for performing market research and analyzing past and current campaigns. A marketing manager can work in almost any industry or sector for practically any type of company or manage a portfolio of clients at a marketing agency. Marketing managers may specialize or broaden their knowledge by focusing on one area such as social media, email, and search engine optimization (SEO), search engine marketing (SEM), e-commerce, or events.
Marketing managers may also supervise a team of marketers, depending on their position and the size of the company they work for. Especially those with business degrees and who want to be creative, business degree holders can excel in these roles with strong communication, presentation, and analytical skills. An entry-level candidate should look for marketing coordinators, assistants, or analysts before becoming a marketing manager. A marketing manager typically earns $142,170 per year.
6. Marketing Executive
According to the employer and industry, account executives are also known as salespeople, sales representatives, sales agents, or sales engineers. In different companies, account executives may prospect for new clients, determine existing clients’ needs, and explain how products work, negotiate deals, and resell existing clients.
Many business majors have the personality and communication skills of an account executive. They must know how to make an argument for spending money. The commissions and bonuses earned by account executives go beyond the base salary, which means there are many high-paying sales roles to pursue. Starting, candidates might consider sales or business development roles. There is a median salary of $73,562 per year.
7. Administrative / Management
Business analysts analyze and evaluate an organization’s practices, processes, and opportunities to improve performance, efficiencies, or profit. Business analysts have a wide range of duties depending on the industry and the company’s needs. However, business analysts need many of the same business majors: research skills, analytical skills, knowledge of new technologies, markets, and companies, and communication skills. Undergraduates in business majors can obtain a business analyst at the entry-level or as a junior analyst. Depending on how far they advance in their careers, business analysts may specialize in one specific area, such as IT or data analysis.