The words business and management are commonly associated with career success. There are so many great opportunities coming from these areas that the challenge is less about searching for something to do with a business management degree and more about narrowing down the choices. So what can you do with a business management degree? First things first—you need to find a good business school and get your degree before you can really dive into the career search.
Business management programs vary from institution to institution, but there are some commonalities to look for. The basics of business management start with a broad range of topics in finance, accounting, and marketing. Trent-Gurbuz, writing for U.
Students then focus on coursework more aligned with their interests, or they may choose a concentration. When it comes to potential advanced classes, Trent-Gurbuz provided a list that speaks to the complexity of business management and how it reaches into many other areas. Possible course subjects include:.
Possible concentrations within a business management major are also varied, including:. Combining the benefits of a business degree and a management degree with training in diverse areas such as administration and organizational behavior as well as knowledge in specialized fields like healthcare administration, sports management, international business, and human resource management, a degree in business management makes a wealth of careers accessible.
Broadly speaking, it is a good time to be entering this industry. According to Ilana Kowarski in U. When you have the answer to those questions, you can then focus your studies and job search on the right areas.
An unfocused, general search for jobs in business management could become overwhelming. A management major will take courses on business law, finance, operations, and international business. These higher-level courses shift focus from necessary core skills to more specified and practical aspects of the major. Many business management programs also offer degree concentrations that give undergraduates students the opportunity to see what specific kind of management is right for them.
Typically, these classes could be offered on subjects like management in small business or sports management. By the end of the four-year program, undergraduates will have a thorough understanding of business management and the industries to which it can be applied. Graduate students will be able to explore management as it relates to a wider range of specific industries, and they are given the chance to delve further into the economic aspects of their field of study.
Career managers going back to school for more qualifications may take courses surrounding leadership techniques and business law to help them become more well-rounded executives.
Students with less professional experience can use their graduate schooling to explore courses about certain industries that were not available to undergraduates. This type of advanced management degree, like many graduate degrees, can result in substantially higher yearly earnings.
Individuals in management positions can potentially see an increase of just under twenty percent in their annual salary. Two more years of education may seem like a large investment, but you gain skills and techniques that can be applied to the workplace right away. There are two options when it comes to a management doctorate degree. One is a Doctor of Philosophy degree in management. This degree option focuses on the theories of management and performing new research projects to explore those theories.
The second option would be a Doctorate in Management. Similarly, this degree has to do with furthering the progress of management study while also incorporating theory application. Individuals with this top-level degree have the potential to substantially increase their salary. The percentage or amount of increase depends on what kind of upper-level executive position they earn and the industry they are working in.
In addition, a doctoral degree offers the opportunity to become a college-level educator. Below you can find a list of common fields you can utilize with a business management degree. Entrepreneurs work for themselves, trying to build businesses from the ground up based on profitable ideas. If the idea is not cost-effective or have enough demand, an entrepreneur must analyze that beforehand, and move on to the next business plan. If the idea is deemed profitable, an entrepreneur is then tasked with building a team to help bring their plan to fruition.
This is where the management side comes in. They must learn to push their group to work at maximum efficiency while keeping them at ease during the stressful beginning stages of starting a business.
Pinning down an exact salary expectation for an entrepreneur is a bit more in-depth than one might think. If an entrepreneur is successful in carrying out their plan, they would be a top executive at the business entity that they have created.
Job sectors Apprenticeships Working abroad Gap year Self-employment. Search postgraduate courses Funding postgraduate study Universities and departments Study abroad Conversion courses Law qualifications. What can I do with my degree? Getting a job CVs and cover letters. Applying for jobs Interview tips Open days and events. Choosing a course Getting into university Student loans and finance.
University life Changing or leaving your course Alternatives to university. Log in Register. Getting a job CVs and cover letters Applying for jobs Interview tips Open days and events Applying for university Choosing a course Getting into university Student loans and finance University life Changing or leaving your course Alternatives to university Post a job. The skills you gain on a business management degree allow you to contribute to your employer's organisation quickly and effectively Job options Jobs directly related to your degree include: Actuarial analyst Arbitrator Business adviser Business analyst Business development manager Chartered management accountant Corporate investment banker Data analyst Data scientist Forensic accountant Insurance underwriter Management consultant Project manager Risk manager Stockbroker Supply chain manager Jobs where your degree would be useful include: Construction manager Costs lawyer Environmental engineer External auditor Human resources officer Logistics and distribution manager Marketing executive Mortgage adviser Retail manager Sales executive Systems analyst Urban designer Remember that many employers accept applications from graduates with any degree subject, so don't restrict your thinking to the jobs listed here.
Work experience A business management degree prepares you for a career in business, which can apply to any sector or industry. Typical employers Industries as diverse as chemicals, utilities, fashion, health, grocery and construction all require functional managers with a clear understanding of systems, efficiency and operational issues. Skills for your CV Studying for a business management degree allows you to develop a broad understanding of business organisations and provides you with subject-specific knowledge in areas such as markets, customers, finance, operations, communication, information technology and business policy and strategy.
You'll gain a number of transferable skills on your course, including: an understanding of organisational behaviour and structure analytical and critical thinking a creative approach to problem solving decision-making persuasive written and oral communication numeracy and the ability to research, interpret and use business and financial data self-reliance, initiative and the ability to manage time, projects and resources appreciation of the causes and effects of economic and other external changes.
Further study Some graduates choose to undertake further study in subjects such as marketing, finance, human resources, computing and international business management, in order to develop their expertise in a particular area of business.
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