The world of business is rich with diverse In-Demand Business Careers per major education paths. Business degrees provide flexible skill sets in areas such as accounting, economics, management, marketing, and more. They can be complemented with business minors to help students develop a custom skillset geared towards individual strengths and passions.
Business majors are a broad set of academic programs designed to prepare students for different facets of the business world. They provide a broad understanding of contemporary and modern business principles, strategies, and practices. They can also include focuses on administration, finance, global business, international business, management, marketing, and much more.
Business jobs are in high demand, and earning a degree in business can open the door to a wide variety of job opportunities. If you’re currently a student or considering getting a business degree, it’s important to have an idea of what kind of career path you want to take. Knowing where you want to end up can help you pick a degree program that will be the best fit for you.
What Are The Most Common Business Majors In The Marketplace?
Business Majors cover a wide range of disciplines designed to help businesses and organizations run smoothly and increase their profit. They can prepare graduates to oversee the daily operations of the business from an entrepreneurial, corporate, or human perspective. They can explore markets on international, local, and global scales as well as oversee investments.
Similar to Berry College’s School of Business, most departments offer a variety of business majors and concentrations. Choosing a concentration can help business majors broaden their overall understanding while gaining a specialized skillset. It also provides an excellent opportunity for students to customize their business degrees to better align with their career goals.
With a choice of 75+ areas of study, as well as a range of pre-professional programs, you can find your intellectual home at Berry. If you’re still undecided, Berry’s liberal arts foundation provides the perfect opportunity to indulge your curiosity and discover your passion. Whatever major you choose, you will graduate with a sense of purpose – ready to influence everyone.
Forthwith, a majority of business majors prepare future generations to make meaningful contributions to the business industry. This can include things like providing sound financial advice, successfully working with international or multicultural companies, overseeing daily operations, and more. With that in mind, some of the most common business majors are as follows:
Business Accounting
Accounting focuses on measuring, analyzing, recording, and reporting financial information to help businesses make informed decisions. It teaches students how to prepare and interpret financial statements, record transactions, and comply with accounting standards. It can also prepare students for accounting specialties such as auditing, taxation, and internal controls.
Business Administration
Business administration provides a corporate perspective on running and maintaining a profitable business. It teaches students how to set and reach specific goals or objectives. It develops a student’s ability to create and implement marketing strategies, analyze market trends, evaluate business performance, and more. Equally important, business administration trains students to improve the overall performance of a business or organization by making strategic decisions.
Business Management
In essence, business management provides a human perspective on running and maintaining a profitable business. It develops leadership, communication, teamwork, decision-making, project planning, critical thinking, and managerial skills to ensure employee productivity and motivation. It prepares students to deal with group dynamics, resolve interoffice conflicts, and appropriate ways to recruit, develop, and retain talent.
Business Economics
Simply put, business economics highly focuses on the production, distribution, and consumption of goods and services. It analyzes and explains a broad range of issues. Such as unemployment, inflation, environmental sustainability, education, taxation, and more. This field strives to optimize resource allocation and achieve societal welfare plus economic efficiency.
Business Finance
It focuses on managing money, assets, and investments, and mitigating risks to help a business or individual reach their financial goals. Whilst, helping drive a shareholder’s wealth with minimal effects by analyzing financial data and making informed decisions. It trains students to study financial markets, create budgets, and assess risks with various decisions.
Business Marketing
Marketing aims to convey how a product or service fulfills the needs and wants of customers. Students learn to conduct and analyze market research to create custom promotional strategies and materials for specific audiences. It prepares students to understand consumer behavior, create product value for customers, build long-term customer relationships, etc.
The Topmost In-Demand Business Careers To Consider For Enrollment
Due to the wide range of topics classified under the business umbrella, job hunting can feel overwhelming. To help narrow the search, we compiled a brief list of in-demand business careers spanning different category industry specialties. For instance, business teachers are responsible for teaching college and high school students about the basic business elements.
These educators help teach the next generation of students the fundamentals they need to know about business. It’s vital to help students see what the business world has to offer and how they can be an integral part of it. In layman’s language, high school teachers in business need to have a business degree, as well as a teaching licensure from a recognized body.
However, the way to get teaching licensure will vary by state. Whilst, keeping in mind, if you’re hoping to teach college courses, you don’t necessarily need teaching licensure. But, you will essentially need higher education degree for the job. This education is vital so that you thoroughly have the knowledge of the things you’re going to be teaching to students.
For this list, we looked for positions predicted to grow faster than average between 2021 and 2031. Must be remembered, that this is not a complete list of business concentrations. Otherwise, it highlights the variety of career options available. Those with business degrees have developed a broad and adaptable skillset that works well with a variety of career opportunities.
1. Human Resource Manager
One of the topmost in-demand business careers to consider is that of a human resource manager — they are in charge of the administrative efforts of an organization. They often oversee the hiring and firing in an organization, the benefits, team building opportunities, etc. Human resource managers are critical for an organization when it comes to day-to-day efforts.
Getting your Online HR Management Degree can be key to getting your foot in the door for a human resource job. Your degree will go over business basics, as well as the things that are specific to human resources, from training and development to business communication. When you earn a degree in human resources you’re setting yourself apart from the competition.
Sometimes, human resource managers have to begin as human resource specialists on an HR team at certain businesses or even other organizational structures. And then, thereafter, they can be promoted into becoming the human resource manager. This means, that you may start out making less money and work your way up. Perse, with the right skills, you’ll get there!
Any business degree can help lead you to a job as a financial examiner, but a degree in something like management degree can really set you apart. The experience you can get with a human resource degree can give you the data and knowledge you need to be able to perform your HR job functions well. This degree can really set you apart from other candidates.
2. Market Research Analysts
Market research analysts conduct and analyze market research to determine the sales potential of a product or service. They gather information through methods such as surveys, questionnaires, opinion polls, focus groups, interviews, and more. They research competitor performance, marketing methods, and prices to determine potential customer demand.
Market research analysts create customer personas based on data collected through market research. These personas provide deeper insight into the target audience’s buying behaviors, needs, and pain points. Market research analysts explain these findings to their clients and provide market strategy suggestions to better position their client’s products or services.
These personas help create customized sales plans, advertising, and promotion strategies to reach those most likely to make a purchase. According to the BLS, this field is projected to increase by 19% between 2021-2031. Overall, analysts are responsible for helping businesses weigh investment decisions. The fact is that they provide financial guidance for a company.
Whilst, helping them look at budgets, and basically helping with the major financial decisions of an organization. Thus, organizations need finance analysts to help them carefully look at all their monetary decisions and options.
3. Financial Examiners & Personal Advisors
Financial examiners review financial records, statements, and reports to ensure companies are compliant with relevant laws, regulations, and guidelines. This includes verifying the accuracy and completion of income statements, cash flow statements, balance sheets, and more. They stay updated with law changes, industry best practices, and regulatory compliances.
Financial examiners can also assess current risk management policies and procedures to identify and mitigate potential vulnerabilities. This’s performed to protect consumer financial information as well as improve the stability and integrity of financial systems. According to the Bureau of Labor Statistics (BLS), this field is projected to increase by 21% (2021 -2031).
Personal financial advisors help individuals manage their personal finances. They provide advice to help individuals make sound decisions regarding personal savings, establishing and maintaining college funds, investing, and more. They can monitor client accounts and make recommendations to keep clients on track for their financial goals during life changes.
Personal financial advisors help individuals prepare for long- and short-term financial goals. They can provide tax advice and help clients adjust financial plans as necessary. They can provide general services or work in specialized areas such as debt management, tax planning, or estate planning. According to the BLS, this field is projected to increase by 15% (2021 – 2031).
4. Business Management Analysts
Management analysts can also be referred to as management consultants. They work with managers to improve an organization’s profitability and efficiency. They review existing systems, practices, expenditures, and employee records, and conduct independent research through employee interviews and on-site observations. They provide an objective perspective.
Especially, on the current state of an organization’s operations and recommendations to improve performance. They provide written reports and presentations to explain their recommendations for organizational, procedural, and systems changes. As managers implement these recommendations, management analysts monitor the results to ensure they work.
According to the BLS, this field is projected to increase by 11% between 2021 and 2031. Overall, you’ll need the basic skills of handling finances and the business building blocks, as well as management and leadership skills to help explain and navigate changes for an organization. An MBA can offer this crucial education to help you have strategic business plans.
Focus on case studies that will give you the experience needed to translate lessons learned from other organizations to yours. Most business management analysts will have to have at least a bachelor’s degree in business or math to be considered for a job. On that note, an MBA Degree is the ideal degree for someone hoping to become a business or financial analyst.
5. Business Reputation Managers
Advertising managers create, implement, and monitor ad campaigns to generate product interest, increase sales, and drive awareness. They work alongside creative teams, media agencies, and stakeholders to create advertisements tailored to specific audiences. Promotions managers work alongside advertising teams to create and implement promotional incentives.
Such as discounts, coupons, loyalty programs, contests, and more. They monitor promotional campaign performance and adjust as necessary to increase product interest. Marketing managers identify potentially profitable markets, determine the demand for a client’s products or services, develop pricing strategies, and more.
They oversee a company’s overall marketing strategy which includes advertising and promotions to align marketing efforts for consistency. According to the BLS, these fields are projected to increase by 10% between 2021-31.
6. Business Financial Analysts
Financial analysts assess the performance of investments for individuals, businesses, and organizations. They analyze market trends and financial statements to assess an entity’s current financial capability. They research the potential for financial growth, risk, and return on investment to set realistic financial goals and expectations. Thus, financial analysts are critical.
For one, they review, analyze and evaluate business systems and user needs for their employers. They are involved with defining the scope and objectives for a project, as well as formulating strategies for systems. Analysts focus on seeing what needs to be improved, and what they can do to create change within an organization for improved efficiency and profit.
In most cases, they run scenarios and look at numbers to see how the company is performing as a whole, analyzing everything from vendors to clients. While, at the same time, they offer advice and suggestions on how to create improvements and help create situations where the organization can grow. Most financial analysts will also prepare business investment proposals.
As well as other financial documents to present their recommendations to clients. What’s more, they monitor industry trends to gain insight into economic factors which may impact revenue growth and prospects. For your information, according to the BLS, this field is projected to grow by 9% between 2021-31. Therefore, it’s also good that you give it a try in your options.
7. Business Accounts Bookkeepers
Last but not least, business accountants typically work in three fields; tax, industry, or audit. No matter which field they work in, accountants are responsible for the finances of an organization or individuals. They help ensure finances are correct for taxes, do payroll for employees and vendors, run audits to ensure organizations are using proper finance processes and more.
Basic bookkeeping positions don’t necessarily require a degree, but most accountant jobs will require candidates to have a bachelor’s or a master’s degree in accounting to be precise. Additionally, those who want to pursue becoming a Certified Professional Accountant or CPA have a certain amount of educational hour requirements in order to sit for the exam.
This often requires a bachelor’s and master’s degree in accounting. Degrees in accounting will prepare you for the CPA exam, as well as give you the basic knowledge and skills about finances, financial reporting, accounting practices, taxation, auditing, and financial statements that you need to know to succeed. Accounting is expected to grow by 6% in the next few years.
Conclusion:
The world of business offers a variety of majors and career options. It caters to a wide range of interests, skills, and personal aspirations. Business degrees can prepare graduates to work for large corporations or with individuals. The expertise and insights of business professionals can offer promising opportunities for professional growth and job satisfaction.
By all means, if you’re planning to get a degree in business, knowing what kind of career path you want to follow can greatly help you. In that case, following some of our shortlisted business degree courses we have highlighted herein, can help you make sure that you are choosing the right degree program. So, as to step ahead in the world of any business industry.
Be that as it may, if you’ll still need more help, you can always Consult Us at any time so as to get more support from our professional career experts. Not forgetting, you are also welcome to share some of your additional thoughts, opinions, suggestions, recommendations, or even contributions for FAQs & Answers in our comments section. Thanks for your time!
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