Studying business opens up plenty of opportunities. Here’s how you can change your life with the best business careers.
Majoring in business can set you on a path to change your life with the best business careers. While the education is both specific and broad, it teaches many quantifiable skills that allow you to excel in many types of business careers.
Most programs teach skills of working individually and in groups, which can prepare you well for the way businesses operate in the real world. They also teach how to understand data, evaluate financial decisions, and use numbers to mitigate risks.
Once you’ve received your degree, whether it’s an Associate, Bachelor’s, or Master’s in Business Administration (MBA), the next step is deciding where you want to apply your skills.
Let’s take a look at business career lists and salaries to introduce you to some of the multiple options that are available.
Ranked: The Best Business Careers
It’s true that this list fluctuates based on the economy and supply and demand of the workforce, but here’s a look at the top 10 best business careers from this year, their median salary, and projected amount of jobs in 2018.
|Job||Medium Salary||Number of Projected Jobs in 2018|
|5||Business Operations Manager||$99,310||205,900|
|6||Market Research Analyst||$62,560||21,800|
|10||Operations Research Analyst||$79,200||31,300|
This is just an abbreviated list in the American market. There are many more job opportunities for those with business degrees across the world. The positions are mostly the same, but the salaries, of course, fluctuate by location.
How to Get Started
From accounting to marketing, and finance to management, the knowledge from a business degree sets you up for a variety of positions.
First things first, you’ll have to earn a degree. You can do this at either a traditional on-campus university or an online option. For example, University of the People offers degree programs in Business Administration at the Associate, Bachelor’s, and Master’s levels. The online university is tuition-free, accredited, and run by academics from some of the most well-known universities around the world.
When you’ve decided when and where you’d like to earn a degree, it’s also necessary to understand how much education you need based on the career path you’re interested in pursuing.
Then, based on your own individual schedule, current life situation, and demands of the job, you can select the level and type of education that best suits your needs. Here’s a quick reference as to what each level of a degree can provide:
Typically designed as 2-year programs, these degrees are often the basis to earn a bachelor’s degree. But, if you choose to jump into the job market upon graduation with one, you can expect to land positions in entry-level jobs for business majors, like: Customer Service Associate, Store Manager, Sales Consultant, Sales Supervisor, Relationship Banker, Executive Assistant, to name a few.
Designed in most institutions as a 4-year degree, bachelor’s degrees certainly expand your opportunities and salary in the job market. They can afford you roles such as: Accountant, Financial Advisor, Marketer, Commodities Trader, Human Resources Manager, Manager, and Entrepreneur.
As the final step in a business administration education, an MBA can add $2,000-$5,000 more per year in salary as compared to those with a bachelor’s degree. Not only will your salary increase with the higher education, but you’ll also be able to fill senior-level positions in business like: Management Consultant, Operations Manager, Marketing Manager, Investment Banker, Financial Advisor, CEO, Entrepreneur, and more.
For those who are already in a career and they are looking to either advance in their current position or entirely change directions, studying business administration creates all of these opportunities for a successful future. All industries are made up of businesses with the need for people to fill managerial, operational, marketing, and financial positions. And, in the changing world of business, there are always new and exciting challenges that make each day at least slightly different than the last.
Finding a Career You Love
No future is promised, but it’s always better to work in a field that interests you or can align well with your passions. For most people, that’s easier said than done, but there are resources that can help guide the way.
For example, here’s a list of reading provided by entrepreneur and author of The 4-Hour Work Week, Tim Ferriss which he believes every entrepreneur and person in business should read:
- Anything You Want, Derek Sivers
- Radical Acceptance, Tara Brach
- How to Fail at Almost Everything and Still Win Big, Scott Adams
- Creativity, Inc., Ed Catmull and Amy Wallace
Additionally, you can look to others who have found their calling and created businesses from it. Simon Sinek, a British author, motivational speaker, and organizational consultant, shares many wise words in his TED Talks, such as “How Great Leaders Inspire Action.” Speaker and author Ryan Holiday, a young entrepreneur who has worked with author Robert Greene, has an entire website dedicated to those seeking their passionate next step, and it’s filled with blogs, reading lists, and inspiring words of wisdom.
More Opportunities Await
Up until now, we’ve mostly discussed the potential opportunities of working for someone else. But, like all of the aforementioned sources of inspiration, you can be your own boss based on what you learn from business programs. The practical and theoretical knowledge from your education can prepare you to analyze data, apply decision-making, and even consider ethical business practices while doing it all.
It’s true that not all entrepreneurs have their business degree, but both job experience as well as education can greatly prepare you to balance risk and reward and know how business communications and operations should work.
If you do feel like being an entrepreneur is your calling, you can obviously start your business right away or after you’ve worked in your career for any amount of time.
Regardless of what you choose to do, your business acumen will position you well to be your own boss, and potentially, lead a team!
As you can see, earning a business degree at any level, whether it is an Associate, Bachelor’s, or Master’s, creates a world of opportunity for careers in business. The majority of jobs rely on a similar set of soft skills that combines analysis, decision-making, problem-solving, and communication.
Once you’ve decided what kind of career you’d like, you can get going by earning your degree and/or jumping straight into work!