7 careers you can pursue with a business degree
The corporate landscape is continuously shifting and the skills and expertise that are sought out by employers have changed enormously in the last several decades. The shift is evident in the labor market where organisations have created a variety of new, exciting, and innovative roles for fresh graduates and upskilling professionals in the workforce.
Business degree graduates develop many valuable skills that ensure they make significant contributions across a wide range of sectors, due to the fact that a business major is one of the broadest and wide-ranging degrees a professional could have.
The Bureau of Labor Statistics (BLS) reports that employment of business and financial operations occupations is projected to grow by 7% from 2018 to 2028, translating to about 591,800 new jobs.
During modules, learners learn about how organisations operate, how they find revenue sources, how to negotiate effectively, and most importantly why some businesses thrive, and why some do not.
The development of personal skills is an added bonus. Presentation skills, logistical and analytical thinking, decision making, projects management, and more are all crucial for success in a 21st-century workforce.
If you have a business degree and you wish to put it to good use, do not forget to add these occupations to your list of options:
Accountants help organisations to finance their operations, abide by government regulations, save money, and maximise profits. They tap into the financial knowledge and skills learned during their studies to make sound decisions about the organisation’s resources.
Accountants are also known to represent and communicate business information that will be used by colleagues to operate more effectively, and by investors to make sound decisions about their investments. Additionally, these professionals conduct audits and provide consulting and tax planning services, often moving on to leadership positions within the finance division of their organisation or client organisations.
Management consultants apply analytical and problem-solving skills to their projects, utilising teamwork, and presentation skills cultivated through their studies. These consultants are experts at gathering information, organising it, then composing reports with their findings.
Analysts are power users of technology, processing, and representing data for their clients. They enlist the spreadsheet, database, and presentation tools that were often applied to their class projects as business majors.
Social Media Manager
Social media managers utilise their tech-savvy and knowledge of marketing communications to coordinate their employer’s presence on platforms such as Facebook, LinkedIn, Twitter, and Instagram.
They enhance business activity, establish brand identity, and get the word out about their organisation. Social media managers devise strategic plans, help develop content and measure the impact of online campaigns.
Business majors learn to assess the strengths and weaknesses of businesses and analyse trends in various industries. Financial analysts capitalise on the skills to evaluate companies, industries, and associated investments for clients or their parent company. These analysts interpret financial statements, calculate ratios and other metrics, and write reports with recommendations for investments and the allocation of corporate resources.
Business majors with a strong quantitative orientation to their background can become key players in the insurance industry by working as an actuary. Actuaries calculate the probability of risky events occurring, such as death, injury, accidents, fires, and illnesses when insurance companies would be liable to pay out claims. They utilise knowledge of accounting, finance, and economics, carrying out complex analyses of scenarios based on demographic profiles.
Actuaries, much like business majors, often work with spreadsheets, databases, and statistical software to conduct their analyses. Additionally, they must have strong writing, presentation, and persuasive skills to secure support from colleagues for their proposals.
Administrators in the healthcare sector must have knowledge of accounting, budgeting, human resources, marketing, management, business law, ethics, and information technology—all subjects that are covered in the business curriculum.
The teamwork, communication, analytical, and presentation skills that come with a business degree are all critical for success as a healthcare administrator.
College Admissions Representative
Business degree holders who are interested in working in a college environment should consider a position with the admissions office as an option. Admissions staff draw upon the strong communication, presentation, and persuasive skills of the business major to reach out to prospective students.
They develop marketing plans to strategically promote the college and encourage applications. A college admissions role is essentially a sales position for a college, so business majors with a strong foundation in sales and marketing, and an outgoing personality are likely to be successful in this niche.