What Can You Do With a Degree in Business. It’s a daunting task to choose a professional degree right after high school. No matter if you have been through this hustle recently or years ago, pretty sure you can recall the struggle and confusion about pickling one particular degree. You are not the first and probably not the last to face this puzzling situation. We all have different interests and skills. Choosing a degree that can align with our skills and academic interest is exhausting but worth the time. We spend so much time and research in picking a professional degree as a career aspect associated with that field of education. A professional degree prepares us for our profession by offering us the theory and essential skills to pave our way to a career.
We have seen people looking for jobs right after graduation because they are ready to enter a career. With everyday modernization and inventions, the workforce industry has expanded enormously, giving way to various career pathways not known before. We see career opportunities in fields like IT, engineering, Healthcare, and even business. The workforce industry has expanded its roots in different directions. Many people who once worked as nine to five employees are shifting to business setups.
Students and professionals are considering earning a business degree, and the appeal is quite evident. Earning a business degree can serve as a launching pad for many incredible opportunities you can avail of in your professional life. To enjoy the ease of online learning, you can opt for an online MBA degree. Students who consider choosing a degree in business often wonder why they should major in business. Here is what you can do with your degree and the pathways you can explore.
- Business Advisor
As a business advisor, you will be providing information, support, training, and coaching to business people. You can offer your services to individuals setting their startups or establishing businesses seeking expert advice to grow and scale up their sales. A business advisor job’s key areas include providing information related to finance, funding, and grants. You can offer services like coaching and mentoring to help a business get through different changes. Business advisors have a wide range of knowledge and expertise that can provide detailed insights into the range of available options. You will also be shouldering the responsibility of making diagnostic assessments to analyze the present operations and suggest improvements. The annual median salary for a business advisor ranges from 25,000 to 40,000 dollars, depending on the career level and expertise.
- Actuarial Analyst
Businesses rely heavily on statistics and numbers. Numbers and digits play a substantial role in looking into a business’s progress and the areas requiring improvements. Actuarial analysts use mathematical formulas, particularly concerning advanced statistics and modeling. They use specialized computational software and spreadsheets to analyze data and extract useful information for a business. An actuarial scientist can work in different settings. They can also serve as financial analysts, general insurance like pricing and reserving, saving and investments, and software development. The average median salary of an actuarial analyst ranges from 18,000 dollars to 52,000 dollars per year.
- Business Analyst
A business always needs analysis of its operations, strategies, and other aspects that can prove beneficial in the longer run. A business analyst works within an organization to manage, change, and design strategies aligned with future goals. A business analyst understands and analyzes the current operations running in an organization, gauges its impact on the company growth, and suggests solutions. You will also communicate with employees and colleagues to understand different departments’ needs and requirements before devising any plan. Business analysts also work with external stakeholders to investigate and understand their feedback and incorporating them into their strategies. They also ensure plans and their prompt execution.
- Project Manager
A business runs multiple projects simultaneously to smooth and streamline its operations. Each project is different. It requires a person’s managerial skill who can understand and cater to every project’s needs individually. A project manager tracks the progress of various tasks allotted under a project, delegate tasks to the team members, and ensure their execution within the deadline. They shoulder the responsibility of working out a budget, initiating a project, or checking for resources’ availability. They also select, lead, and motivate the team members working on a project. A project manager also identifies and manages risks associate with a project and ensures its timely completion.
- Management Consultant
Suppose you enjoy problem-solving and helping organizations to scale up their business operations. In that case, you can opt for a career as a management consultant. These consultants help organizations and businesses to solve issues, maximizing growth, and improving business performance. They use their skills and expertise to offer solutions tailored to the needs and requirements of a business. A management consultant conduct research and surveys to understand the operations and prepare business proposals and presentations. They are also responsible for interviewing client’s employees, stakeholders, and management team members.
Careers and job opportunities in business have been on rising lately. With many people studying business, there are high chances of career opportunities for business management degrees. The Bureau of Labor Statistics suggests that businesses’ jobs will grow by 10 percent in 2016-2026, meaning that there will be 773,800 more jobs in this field. These figures indicate that there are enough room and opportunities for people who are aspiring to study business. The career pathways offer incredible options depending on the area of interest and expertise of a person. A business degree equips you with the knowledge that can assist you in your career. Still, it also helps you polish your interpersonal skills that are an integral part of any career. Soft skills like communication and management can help you progress in your career with your academic qualification.