What Can You Do with a Business Management Degree?
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For those seeking a business management career, accounting is a field that is both growing and in demand. The U.S. Bureau of Labor Statistics predicts that, on a national level, as the economy grows, more workers should be needed to prepare and examine financial records.3 Accountants are responsible for a variety of financial record-keeping tasks, including preparing tax returns, administering payrolls, auditing financial information, and contributing to business plans. Businesses across industries require the skills of accountants.
If you have an analytical mind and can solve complex problems, a business analyst role could be a great fit. Business analysts gather and interpret information that can provide insight into the health of an organization, as well as how a business can be more efficient and effective going forward. Business analysts are all about finding solutions that are rooted in data. According to the BLS, the outlook for employment in this field is projected to grow, on a national level, 11 percent from 2019 to 2029, which is much faster than the average for all occupations.4
Security and Commodities
The world of investments and money management is another avenue for those seeking a business management career. One potential role is as a securities and commodities sales agent, which is someone who facilitates the sale of securities, and who provides guidance to organizations in search of investors. The U. S. Bureau of Labor Statistics reports that demand for investment banking and retirement services, on a national level, is expected to result in expanded employment opportunities in this field.5
Do you enjoy digging into data? If so, another business management career worth exploring is as a data analyst. Data analysts are responsible for collecting data, analyzing it and using the findings to recommend changes or enhancements to business strategy. Companies across industries employ data analysts, making it a versatile and in-demand role. For example, employment of operations research analysts (a type of data analyst) is projected to grow, on a national level, 25 percent from 2019 to 2029.6
If you are passionate about helping others reach their financial goals, working as a financial planner could be right for you. Financial planning is a business management career that involves working closely with individuals and organizations to develop plans geared toward helping them meet their financial objectives. Specifically, financial planners identify client goals, risk tolerance and time horizon to determine investment strategy. As the population ages, demand for financial planning services should increase on a national level, according to the U.S. Bureau of Labor Statistics.7
Exercise your creative side with a business management career in marketing. A marketer researches the demand for the products and services of an organization, as well as what the competitive landscape looks like. From there, a marketer defines specific audiences, messaging and points of differentiation to help ensure a product or service is as compelling as possible in the marketplace. Marketing is also a growing field, with overall employment, on a national level, expected to grow faster than the average for all occupations between 2019 and 2029.8
The above occupations represent just some of the roles that answer the question, “What can you do with a business management degree?”
4Local growth will vary by location. https://www.bls.gov/ooh/business-and-financial/management-analysts.htm
5Local growth will vary by location. https://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm
6Local growth will vary by location. https://www.bls.gov/ooh/math/operations-research-analysts.htm
7Local growth will vary by location. https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
8Local growth will vary by location. https://www.bls.gov/ooh/management/advertising-promotions-and-marketing-managers.htm