Acquiring a business degree is a compass for managing the constantly changing world of modern business. The goal of a successful business is to have a positive influence rather than only focus on profit margins. Imagine leading the way in promoting social responsibility or sustainable practices. Grab a seat and join us as we dig deeper into the fields embedded in business.
Business degrees serve as launching pads for a dizzying array of opportunities.
As to the Job Outlook 2017 Report by the National Association of Colleges and Employers, more than 72% of all organizations nationwide plan to recruit staff members who possess a business degree.
Because of this, business degrees are among the most sought-after degrees at universities. However, what precisely may be done with a business degree?
What kinds of positions will the degree enable you to obtain? It depends on your objectives, and the kind of degree you select is the response.
In this article, we’ll use job posting analysis software to highlight job titles that are looking for business graduates. But, before we get there, consider why a business degree might be an appealing option.
What is a Business Degree?
To educate students for the fast-paced, rapidly-evolving business world, a business degree teaches theories of finance, marketing, management, and administration and how to apply these theories to real-world situations.
There are several different business degree specializations available at the bachelor’s level. Choices consist of:
- Human Resources
- International Business
- Public Administration
- Healthcare Management
- Healthcare Administration/Management
An undergraduate degree is all that is needed for a lot of entry-level business jobs, from international commerce to sports management.
These programs teach students both general industry best practices and specialized information related to the desired job path, such as renewable energy technologies or healthcare processes.
However, a master’s degree or possibly a Ph.D. would probably be required if you want to pursue a position in upper-level leadership.
Obtaining a postgraduate degree later in your career may also result in pay increases in your current role.
What Can a Business Degree Get You?
Learn about what you can get with a business degree below:
If you’ve ever worked on a complex project with multiple parties, it’s easy to see the value of project managers. They ensure a project runs smoothly, meeting all deadlines and goals.
They do this by communicating with project owners to determine needs, assigning roles and tasks to the team, tracking progress, and facilitating the communication of issues or other changes.
Essentially, they keep everyone involved in a project informed and working toward a clear, shared goal. You would do well in this role if you excelled at accomplishing daily work with a bigger picture in mind.
This career could be a good fit if you balance daily encouragement and holding people accountable when necessary, manage competing priorities, and enjoy planning (and re-planning).
Human Resources Specialist
Roles within the human resources (HR) field are another common landing spot for business graduates.
HR specialists are involved in the recruiting, screening, and hiring of workers.
They are also involved in a business’s general day-to-day operations, whether through handling employee onboarding, maintaining important records, or assisting employees with questions regarding company policies.
You would do well in this role if you interacted well with others.
HR jobs focus on the human element of companies to ensure each employee works in the best conditions possible for them and the company.
Bookkeeping, Accounting, and Auditing Clerk
These financially focused roles are a common starting point for business professionals.
These positions are focused on overseeing an organization’s financial transactions and ensuring payment information is accurately captured in accounting software.
Additionally, they may be tasked with following up to resolve discrepancies and escalate within the organization as needed.
You would do well in this role if numbers helped you make sense of things and you were meticulous. These roles require an eye for detail and a little of an investigative spirit when records aren’t matching up as expected.
Operations and General Managers
While the exact work will vary heavily by setting, operations and general managers are responsible for making sure the day-to-day activity of a business or site is running smoothly and profitably.
They order inventory, manage staffing issues, lead teams, and plan for future projects or initiatives.
You would do well in this role if you had a strong base of general business skills, organizational ability, leadership ability, and problem-solving knack.
The day-to-day work and issues that may come up are varied, but much of it comes down to being an effective manager of people.
Business analysts put their business expertise to work by observing the market and business trends to create recommendations for the businesses they serve.
This position requires a mix of business sense, research skills, analytical thinking, and excellent communication skills for presenting their findings.
The work of a business analyst will vary greatly depending on the role and employer. For example, some may spend time analyzing processes to improve efficiency, while others may focus on questions like where to expand.
You would do well in this role if you excelled at problem-solving. Analysts need to gather information and offer recommendations to solve problems or answer questions big or small.
Account managers establish and maintain mutually beneficial relationships between businesses and clients.
What this looks like varies by employer, but their work usually has a consultative sales component.
They’ll spend their time communicating with clients, learning about their needs, and (ideally) selling additional services to meet those needs.
Account management jobs frequently mix sales and customer service—they aren’t just pushing for more business.
They also want to maintain strong working relationships with current clients.
If you enjoy building relationships, listening, and probing for sales opportunities or other areas of concern, this is your role. Communication will be essential.
Why Earn a Business Degree
“A college graduate will earn a median $1 million more than a high school graduate over his or her lifetime—completing a law, business, or other professional degree adds another $1.3 million to that figure,” according to a 2014 Georgetown University study that Forbes reported.
Whether you are an established professional in your area or a recent graduate, it is evident that including a business degree on your CV will probably result in a higher income.