Image by Jo Zixuan Zhou © The Balance 2019. Business majors develop many valuable skills and areas of knowledge that enable them to make a significant contribution to the corporate and not-for-profit worlds. Gaining experience in the field before you graduate can help you either prove or disprove such rumors, and even if they’re proven, you may have such a passion for what you are doing that you may decide that’s where you want to be anyway. These programs, be they diploma or degree programs, take a very practical and hands-on approach in teaching you highly employable skills in business. Salary: According to the BLS, the median annual income for financial analysts in May 2018 was $85,660. Resume Guide Cover Letter Guide Job … Get the facts about careers you can get with a business management degree. Accessed May 17, 2020. However, workers in some of the higher-paying professions may also spend more than the average number of hours on the job. Management analysts, also known as consultants, create new ways of improving an organization’s efficiency. Deciding what merchandise will appear on store shelves is the main task of retail buyers. Please Note: The coursework related to an undergraduate business administration degree can vary significantly from one college or university to the next, and even from one year to another within the same program. They use market research data to determine pricing, forecast market trends, and identify areas for market growth. Analysts are power users of technology as they process and represent data for their clients. Because a business administrator has the ability to pursue career opportunities in a variety of industries, there is a … Other than gaining valuable on-the-job work experience, these opportunities have many benefits: Having a chance to meet others with the same career interests as you is a great opportunity, especially while you’re still a student. Luckily, many schools offer co-op, internship and practicum opportunities in business administration. These professionals manage employees, research projects and administrative policies. … Chief executives plan, … The best way to begin a career in business administration is to be offered a position with the same organization you worked for as a student! If you’ve done quality work and made a good impression, chances are that organization will want to retain you on a full-time basis once you’ve graduated. If you are fascinated by business, but would rather report on it than conduct business, this kind of reporting might be for you. They utilize knowledge of accounting, finance, and economics and carry out complex analyses of scenarios based on demographic profiles. The lowest 10% earned less than $52,540, and the highest 10% earned more than $167,420., Job Outlook: Employment of financial analysts is projected to grow by 6% between 2018 and 2028—about as fast as the average for all occupations.. Search Business administration jobs. Many business majors with an interest in the field will go on to graduate work in healthcare management. The top jobs are also in high demand and have a significant number of job openings. They study sales data and evaluate market … Accessed May 17, 2020. One of the most sought after jobs in the business sector and among the highest salary jobs for Commerce students, a marketing manager is expected to manage the marketing sector of products in a company. "Average Social Media Manager Salary." To find out more about careers directly related to your major, consult the following professional association websites. Bureau of Labor Statistics. You will also possess the skills required to pursue your own business ventures! If you're thinking about pursuing a diploma or degree in this field and you're not quite sure what you'd be studying, then take a look at some sample course titles to see what you will be studying: • Management Information Systems: Design and Analysis, • Money, Banking and Financial Institutions. Insurance underwriter 11. The salary you could earn as a business administration graduate first entering the workforce can vary drastically, and is heavily dependent on the following factors (not an inclusive list): • Your level of education (diploma, undergrad, MBA, etc. Supply chain managerJobs where your degree would be useful include: 1. The lowest 10% earned less than $27,370 and the highest 10% earned more than $200,180., Job Outlook: Employment of reporters as a whole is projected to decline by 10% between 2018 and 2028. Financial analysts capitalize on those skills to evaluate companies, industries, and associated investments for clients or their parent company. 15 highest paying business majors. The Balance Careers Menu Go. Management Analysts assess and determine the best means of restructuring organizations to maximize efficiency, investments, and profits. Data analyst 8. Business Administration programs are designed to enable you to hit the ground running in a variety of different careers. Business majors who are interested in working in a college environment should consider a position with the admissions office as an option. Don’t think high-paying management jobs only belong in the business world. A business administrator will probably work in a full-time salaried position. Coming in directly behind marketing management in best sales and marketing jobs in the United States, ... Master’s Degrees in Business Administration have proven to be incredibly rewarding for many motivated adults who have the perseverance to take on new learning opportunities and to complete the necessary steps to advance in their jobs. Marketing managers use advertising and public relations in order to maximize sales and maximize the … "Lawyers." Here are the top ten highest paying management jobs in America as of May 2016, according to the U.S. Department of Labor employment survey. Management analysts work with companies to improve overall efficiency, proposing plans to increase profitability, reduce costs and increase revenue. Note that when you look at employment ads, you will rarely see one that is categorized as a position for business administration majors. According to U.S. News & World Report, the best business jobs of 2013 pay a lucrative salary. Actuarial analyst 2. Business adviser 3. Business analyst 4. Business development manager 5. So, be aware that this list is only meant to provide examples of possible course titles. Also, these jobs are projected to grow at double and even triple the national average of other occupations during the next decade. Have you heard that working in Human Resources requires outstanding people skills? Some business administration jobs require advanced degrees; others require no degree at all. An MBA is an important credential for those who want to be chief executives, management analysts and … They learn to use information technology tools to gather, organize, and represent data for presentations and papers. Management consultants or management analysts carry out a process for clients, not unlike the case analysis method used in many of the classes for business majors. Teamwork, communication, analytical, and presentation skills of the business major are critical to the success of a healthcare administrator. A diploma or degree in this field can teach you many employable skills and competencies. So, if you want to know more about where this degree can take you, read on below. In this article, we will discuss salary for a business administrator, explore business administration jobs and how to advance in this career. A marketing manager needs a bachelor's … Bureau of Labor Statistics. They apply analytical and problem-solving skills to their projects and utilize the teamwork and presentation skills cultivated through their studies. "High School Teachers." Collapse List Expand List. Business majors have a unique opportunity to study and understand business principles before joining the professional sector. MoMo Productions / Getty Images. By Geoff Williams, Contributor Feb. 26, 2020. Included are job descriptions, expected salaries, educational requirements and other pertinent information related to these careers. Strong verbal communication and interpersonal skills are required to engage students. Accessed May 17, 2020. Bureau of Labor Statistics. They will already be familiar with you and your work ethic, and they will save a great deal of time and expense trying to recruit someone else. "Management Analysts." The best jobs for business undergraduates have two things in common. Jobs in Human resources. Bureau of Labor Statistics. Financial analysts benefit from the coursework in accounting, finance, economics, and mathematics that is traditionally part of a business major. What is a business administration job's salary? Business management career facts 1. For example, depending on your area of focus within business administration, you can acquire knowledge and practical skills that prepare you for a career in management, marketing, human resources, administration, finance, and many other fields. Best Jobs for Graduates With a Business Degree, Top 10 Best Jobs for Communication Majors, 10 Jobs for Graduates With an Economics Degree, Jobs and Careers for Political Science Majors, Here Are the Best Jobs for Introverts—and Tips for Getting Hired, 11 Best Jobs to Balance Your Career and Parenthood, Top 10 Job Options for Psychology Majors to Consider, IT Career Options, Job Titles, and Descriptions, Salaries, Required Training, and Projected Growth for HR Managers, Reporters, Correspondents, and Broadcast News Analysts. A financial … If science is your calling, you can put your leadership skills to use as a natural sciences manager. Below, we’ve chosen careers that we feel relate to this field of study, either because the subject matter of the education relates to the occupational field, or because the skills you’ll need to be an effective employee can be gained by studying business administration. It’s a classic catch-22, employers want a worker with experience, but you can’t get experience until you have a job…but how do you get a job without experience? They can quantify a set of data, evaluate the financial impact of decisions, and use figures to back up their proposals. They plan, estimate, organize, and promote businesses. They enhance business activity, establish brand identity, and get the word out about their organization. The Best Business Careers. Graduates with a degree in the field of business will find that the ability to help … Salary: According to the BLS, the median annual income for reporters in May 2019 was $43,490. Business majors with a strong quantitative orientation to their background can become key players in the insurance industry by working as an actuary. See salaries, compare reviews, easily apply, and get hired. These jobs listed and detailed below will not only make your time in front of an open textbook or a computer screen for hours worthwhile but will also place you in the top paying positions in business management. Canadian Association of Management Consultants, Human Resources Professionals Association, American Association of Healthcare Administrative Management, American Society of Management Consulting, United States Association for Small Business and Entrepreneurship, scholarships that are specific to business administration. Educating high-school students about the business world is an option for business majors who also complete the teacher education requirements. Read more about earning a healthcare management degree. *Unfortunately, similar statistics for other Canadian provinces and the United States cannot be found from reputable sources. Consultants are experts at gathering information, organizing it, and composing reports with their findings. Management Analyst. Salary: According to the BLS, the median annual income for management analysts in May 2019 was $85,260. With classes like business law and business ethics, students gain a legal and ethical perspective of the world around them. 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. Projected job growth (2016 – 2026): 6% increase 2016 median annual salary: $60,530* Job overview: Sales representatives contact new and existing customers, explain product features, answer any questions that customers may have. Detailed Review—Top Ranking Best Careers in Business Administration. 25 Best Business Jobs of 2020 Business positions pay well and some don't require a college degree. The Best Jobs and Career Advice for Business Majors. Print, broadcast, and electronic media all provide extensive coverage of events and developments in the business and financial sectors. These opportunities can be invaluable for your future career. The Best Business Careers. Sales representative. Stockbroker 15. They develop marketing plans to strategically promote the college and encourage applications. Like business majors, social media managers must be team players and have the people skills to coax cooperation when they don't possess formal authority over colleagues. Our scholarships database has Canadian and American scholarships that are specific to business administration, as well as scholarships that are open to any field of study. Finding a Job. This careers guide contains detailed occupational information on career paths relevant to this degree. Accessed May 17, 2020. They develop the communications and presentation skills needed to clearly articulate content about the business world. The lowest 10% earned less than $64,860, and the highest 10% earned more than $193,600., Job Outlook: Employment of actuaries is projected to grow by 20% between 2018 and 2028—much faster than the average growth rate for all occupations.. Management analysts also offer specialized guidance to decrease costs, increase operations, … Think About Business School Getting a Masters of Business Administration, more commonly known as a MBA, can be one of the single best returns on investments available to recent college graduates. Salary: According to the Bureau of Labor Statistics (BLS), the median annual income for accountants in May 2019 was $71,550. This is why there are many different business administration education options. The lowest 10% earned less than $59,670, and the highest 10% earned more than $208,000., Job Outlook: Employment of lawyers is projected to grow by 6% between 2018 and 2028—about the same as the average growth rate for all occupations.. 115 post graduate diploma in business administration jobs available. Not listed in any particular order, if you are considering a degree in business management, taking a look into each management field will help you make a … The Best Jobs for Business Administration Majors. Business majors learn to analyze companies and industries and compose written summaries of their findings, just like reporters. Basic skills include intermediate to advanced use of databases, and especially Microsoft software such as Word, Excel, etc. The lowest 10% earned less than $44,480, and the highest 10% earned more than $124,450., Job Outlook: Employment of accountants and auditors is projected to grow by 6% between 2018 and 2028—about as fast as the average for all occupations.. When you have this business degree, you can launch your career in many different industries in various administrative and managerial roles, from public to private to nonprofit organizations. Business majors may well be the most marketable degree in the entry-level job market. 10. Analysts enlist the spreadsheet, database, and presentation tools often applied to their class projects as business majors. Salary: According to the BLS, the median annual wage for lawyers was $122,960 in May 2019. Salary: According to the BLS, the median annual wage for medical and health service managers was $100,980 in May 2019. 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