Taking care of your family can sometimes entail taking care of yourself as well. Your decision to pursue a business management degree is as much for your own benefit as it benefits others.
This is why you should choose a profession that will not only allow you to support the people you care about but also allow you to look forward to going to work every day.
But what exactly can you do with a degree in Business Management? Both an associate’s and a bachelor’s degree in this concentration can provide students with the adaptable training they need to build a strong foundation that can be applied to a variety of different jobs after graduation.
Examine what you can expect to encounter as a Business Management major in greater detail below.
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Is Earning A Bachelor’s Degree In Business Management Worth It?
Prior to enrolling in a business program, many people ask themselves the following question: “Is a business management degree worth it?”
Making the decision to pursue a degree is a major decision and one that should only be made after careful consideration.
A business management degree triples the potential for increased job opportunities, higher earnings, and career advancement.
It is also possible to experience tremendous personal satisfaction and pride as a result of earning a business administration degree.
Business degrees are becoming increasingly popular as well. In fact, the number of business degrees awarded at the bachelor’s degree level has more than tripled since 1970, according to the National Center for Education Statistics.
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Why Should I Obtain A Business Management Degree?
A business management degree comes with a slew of advantages. Here are a few examples.
To begin, a business management degree can help you prepare for a wide range of career opportunities across a wide range of industries, including positions in management and leadership positions.
Second, graduates of business management degree programs can go on to work in a variety of fields such as finance, human resources, information security, marketing, and other related positions.
A degree in business management can lead to a variety of occupations within those fields, such as business analyst, financial planner, data analyst, human resources manager, and accountant, to name a few.
Furthermore, many of the fields in which a business management degree can assist you in becoming more qualified are expanding.
In accordance with projections from the U.S. Bureau of Labor Statistics, employment in business and financial operations occupations is expected to grow at a faster rate than the average for all occupations from 2019 to 2029 on a national level.
Business Management Degrees are classified into the following categories:
Considering that business management is such a diverse field, you should select the path that best prepares you to achieve your professional objectives.
- Obtaining an associate degree in business management, which takes two years to complete, can provide you with opportunities to break into the field of business management. Earning a bachelor’s degree while working your way through a company from the bottom up is a good way to advance your career in the organization.
- B.A. in Business Management (Bachelor of Arts): A four-year bachelor’s degree, such as a Bachelor of Arts in Business Management (B.A. in Business), is generally your best option for a variety of reasons, the most important of which is that most employers are looking for positions that require this four-year degree as a bare minimum.
Obtaining a Bachelor of Business Administration (BBA) degree will invariably open doors to the highest possible career advancement opportunities.
- Master’s Degree: If you want to work at the highest levels of management, you should pursue a Master’s degree.
Employers seeking candidates for senior-level positions are looking for those with advanced degrees in their respective fields.
It is customary for this additional education to require two years or more of additional schooling beyond the bachelor’s degree level.
Obtaining a master’s degree may become an option offered to you by your employer in order to compete for the top position in the company for which you currently work.
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How long doos It Take To Acuire A Degree in Business Management?
In terms of time, a business administration major can take anywhere from two to four years to complete, depending on your level of dedication:
- Associate’s degree programs, which provide opportunities for entry-level employment, typically last two years.
- An undergraduate degree program takes four years to complete.
- Master’s degree programs and MBA programs typically take one to two years to complete.
- A DBA program typically takes three years to complete.
What Are The Skills Required To Be A Business Manager?
Some may believe that people who pursue a career in business management are naturally gifted leaders. However, while some people are born with these abilities, others must learn them through trial and error.
Those abilities include the ability to motivate and inspire others, a willingness to take risks and learn from mistakes, and a keen sense of self-awareness that allows you to know when to take control and when to delegate authority and responsibility.
In addition to effective time management and the ability to prioritize, other characteristics that can help someone succeed in business management include the ability to drive toward and achieve business objectives.
Business Management Jobs To Consider
The courses listed above will help Business Management majors develop a versatile skill set that can be applied to a variety of positions in the field after they graduate.
Both associate’s and bachelor’s degree holders have a plethora of viable options available to them. Let’s take a look at some of the most common Business Management careers.
These jobs will be listed according to the distinct categories of business management degrees.
Associate’s degree in Business Management Jobs
Acquiring a bachelor’s degree in Business Administration has the potential to improve your job prospects and income potential.
According to the Bureau of Labor Statistics, those with an associate’s degree earned an average of $6,864 more per year than those with only a high school diploma in 2017. (BLS).
The fact that you know this is wonderful, but what opportunities are available to you as an associate’s degree holder?
We looked at more than 155,000 job postings from the previous year that required a Business Management Associate’s degree to give you a better idea of what’s out there to help you decide what to pursue.
We were able to identify five common jobs seeking professionals with this credential as a result of the data.
1. Clerks in the fields of bookkeeping, accounting, and auditing
Workers in these fields are responsible for monitoring and maintaining the financial records of a company.
Typical responsibilities include coding documents in accordance with procedure, recording and summarizing numerical data on behalf of the company, and reconciling any financial discrepancies that are discovered, all while adhering to federal, state, and company policies and procedures.
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2. Office manager or administrative assistant
On their typical day, administrative assistants answer phones and schedule meetings. They also update database information, prepare invoices, and manage both incoming and outbound mail.
These employees must be well-organized and meticulous in their work because they are responsible for a wide range of clerical tasks that are essential to the smooth operation of a business.
3. Sales team
A wide variety of industries require the services of these workers—if there is an item or service, businesses will require someone to assist them in selling it.
They provide product knowledge, respond to customer questions, and complete transactions for customers. Many of these positions have the potential to earn a commission, which can provide a significant boost to your earning potential if you can find the right situation and pay structure to match your skills and experience.
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4. Customer service team
It’s right there in the title: customer service representatives are solely concerned with providing excellent customer service.
This group of business professionals ensures that customers and clients are attended to, whether it’s by listening to their questions or concerns, placing orders, providing information about products and services, or recording details of customer contact information.
Because customer service associates are frequently listening to customer complaints and working to resolve them, patience and understanding are essential qualities in this position.
5. Personal banker
A personal banker is responsible for the overall management of a client’s relationship with a retail bank. These bankers have a broad range of knowledge about the products and services that a bank provides, ranging from loans and personal accounts to trust funds and investment opportunities.
They can provide excellent customer service by answering clients’ questions and guiding them through the process of making the best financial decision for them. They serve as the primary point of contact for customers and clients.
Bachelor’s degree in Business Management jobs
Those with a bachelor’s degree have significantly more opportunities for advancement in their careers. A bachelor’s degree is traditionally a four-year investment, but there are options available to earn your Bachelor’s degree in a shorter amount of time if you want to do so.
As previously stated, bachelor’s degrees are associated with greater job opportunities and higher salaries. If you have the time and resources to devote to your education upfront, this is a great option.
According to our job analysis of the same time period, there were more than 1.3 million job postings that required a bachelor’s degree in Business Management.
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1. Marketing manager, for starters
Marketing managers forecast the demand for the products and services that their organization, as well as their competitors, provide. They identify potential markets for the organization’s products and supervise a team that develops strategies to maximize profits. They are also known as market researchers.
2. Sales and marketing manager
Sales managers are the professionals who are in charge of developing the strategy that will underpin sales initiatives and objectives. Their responsibilities include handling customer complaints, preparing budgets, monitoring customer preferences to determine where to direct sales efforts, and analyzing sales data.
A typical sales manager is responsible for overseeing the distribution of goods and services by assigning sales territories, setting sales objectives, and developing training programs for the organization’s sales representatives. This may also include the recruitment and hiring of new sales personnel, as well as the evaluation of their performance.
3. A business analyst
Business analysts spend their working days collecting information about problems or procedures that exist within a corporation.
They then conduct an analysis of the information gathered in order to come up with potential solutions or modifications. New procedures are developed as a result of employee interviews, on-site observations, and a thorough examination of company documents.
4. Finance analyst
Financial analysts conduct qualitative analyses of a company’s finances and investments, as well as its operations. They create charts, graphs, and spreadsheets, and forecast business, industry, and economic conditions based on the analysis of financial data and other data sources.
They also determine the prices at which a company’s product should be offered to the general public and prepare investment plans that take advantage of the information gleaned from their financial analysis.
5. Account manager
Account managers act as the organization’s personal representatives when dealing with a customer or client. They develop and maintain client relationships, collaborate with sales and marketing teams to acquire new clients, prepare presentations and sales pitches, and communicate client agendas to the rest of the organization.
In accordance with their employers’ requirements, these professionals may deal with individual customers or clients who represent entire corporations. This position also entails keeping track of budgets and communicating with clients about cost factors.
References
- https://www.devry.edu/online-programs/bachelors-degrees/business-management/is-a-business-management-degree-worth-it.html
- https://www.rasmussen.edu/degrees/business/blog/what-can-you-do-with-business-management-degree/
- https://www.business-management-degree.net/faq/bba-4/
