For many students, a bachelors degree in business management is exactly what they need to propel their career forward and take it to the next level. A business management degree gives students an overview of all different areas of business including accounting, operations, marketing, human resources, and more. Business management coursework focuses on giving students an understanding and experience in the overarching areas of business that will be important for their career.
But many students wonder exactly what kind of careers they can pursue with a bachelors degree in business management. It’s important to understand your career options before you graduate with a bachelors degree so you know what you are ultimately aiming for.
Business management is a broad term that refers to the discipline of managing the operations of or within a business. While it’s difficult to give an exact business management definition, it generally entails coordinating and organizing general or specific business activities to help the organization thrive. It’s not uncommon for a business manager to have several direct reports who manage specific areas of the business.
Someone working in business management can oversee activities ranging from strategic and financial planning to production, resource management, and marketing. They can also work in specific fields or areas of a business. For instance, one business management professional might work in manufacturing while another may be in charge of all finances. Regardless of title or focus area, everything a person in business management does has the objective of helping the business succeed. It should also be noted that in business management, a good manager strives not only to help the business, but also support the employees responsible for building it.
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Should I Major In Business Management?
A bachelors in business management job outlook is another benefit of this program. Business management is a degree with growth potential as it is in high demand by employers.
According to the U.S. Bureau of Labor Statistics, administrative services managers were predicted to grow by 6% between 2019-2029, which is faster than the average growth rate compared to all occupations. BLS predicts human resources manager positions will also grow at a faster than average rate of 6% within the same decade. Another career with fast growth is marketing management, which also has 6% growth projected for the same period between 2019-2029.
The salary potential in the field of business is another benefit of choosing this major. PayScale.com reported median salaries for those in occupations where a Bachelor of Science in Business Management is helpful. These salaries are updated as of February 2020 and include the following:
Is business management a hard major? While some topics may be more difficult for some students, business management is a common major and many students are able to graduate with a degree. It is possible to earn a bachelors in business, whether that be a Bachelor of Science (BS) or Bachelor of Arts (BA), as long as you take the time to study and understand the topics involved. General course topics in the major include:
Students can also specialize their studies by selecting a concentration, such as marketing, finance or international business. Many programs encourage or require internships, which are often essential in helping students land jobs after graduation.
Because of the structure of business management degree programs, students can also earn their degrees online or from home. Online and home-based business management programs are accredited just like their on-campus equivalents. Students are eligible to receive financial aid as well. Tuition might cover books, training equipment, instructional support and access to student services.
Business Administration Career Prospects and Growth
Entering a business administration major into a job search engine may not pull up many job listings.
But that isn’t because there isn’t a demand for employees with this major. It’s the exact opposite!
In fact, a business administration major can help equip you with the skill set for a variety of careers across multiple fields.
According to the Bureau of Labor Statistics, the average growth is at 8% for the business and financial operations industry.
A business administration major can help prepare you for a career in a variety of fields with above-average growth. Business administration majors may be found in health care management, business management, finance, accounting, and marketing.
With a business administration major, you may work in a variety of positions with above average growth as seen in these careers.
With growth projections like these, you can rest assured that careers in the business industry are projected to grow, making a business administration major a wise choice.
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A key component in deciding if a business administration major is a wise investment is the projected salaries.
On average, a business professional with a bachelor’s in business administration can expect a salary well beyond the national average.
According to the Bureau of Labor Statistics, some careers in the business administration field include:
| Career | Annual Median Salary |
| Personal Financial Advisor | $89,330 |
| Management Analyst | $87,660 |
| Financial Analyst | $83,660 |
| Budget Analyst | $78,970 |
| Logisticians | $76,270 |
| Accountant or Auditor | $73,560 |
| Insurance Underwriter | $71,790 |
| Market Research Analyst | $65,810 |
| Fundraiser | $59,610 |
| Appraisers and Assessors of Real Estate | $58,650 |
Regardless of the field that you choose to work in, from health care management to real estate, with potential salaries at nearly double the national average, a business administration major may be an astute financial decision.
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FAQ
Is a business management degree worth it?
What is the best business management major?
Why should you major in business management?
- Marketing. A business degree in marketing allows you to develop analytical skills in product merchandising, consumer behavior and effective campaign organization. …
- International business. …
- Accounting. …
- Logistics. …
- Finance. …
- Investments and securities. …
- Human resource management. …
- E-commerce.