Business management is a term that captures the theories, practices and concepts in the operations of a business. As a discipline, business management involves the study of administration, marketing, economics, finance and information systems.
Nearly every company, whether they are a nonprofit, small business, large corporation or even a sole proprietorship, relies on business management principles. Therefore, an extremely versatile degree to consider is a business management degree.
A degree in business management prepares graduates for a wide variety of career paths. Furthermore, this degree will prepare students to meet the challenges of a quickly-changing technology-driven world. Along with preparing students for the rapidly evolving technology industry, students will develop leadership skills and become more business savvy.
What Courses Make up a Business Management Degree?
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Caption: Knowing what courses are being taught can make acquiring a business management degree like a walk in the park.
There are many options and career paths available to an individual when it comes to a business management degree. Furthermore, students can choose from completing a business management degree as an associate or a bachelor’s degree. So, what topics and courses does a business management degree cover?
Firstly, students will be taught subjects including organizational effectiveness, business principles, data analytics and more. Furthermore, there are a variety of different courses offered through a business management degree.
Of course, classes and programs will differ depending on the length of the degree and the chosen university. However, some courses are consistent throughout each curriculum.
For an associate degree in business management, some standard courses include customer service, functional and project management, principles of finance, and business analysis and intelligence.
Of course, a bachelor’s degree program will offer different courses than an associate degree due to time constraints and other factors. Typical courses offered for a bachelor’s in business management degree include dynamic team development, organizational behavior analysis, business law, and ethical behavior, financial decision-making and risk management.
Whether it be an associate or bachelor’s degree, these courses are designed to develop a student’s skill set for a business management role.
What Career Opportunities Await Associate Business Management Degree Grads?
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Caption: Degree, check. What’s next?
Just as the coursework and program will differ between an associate’s and bachelor’s degree, so will the job opportunities after graduation. It may be evident that there are even more advanced career opportunities after obtaining a bachelor’s degree in business management.
Furthermore, along with more job opportunities, the salaries are also higher after completing a bachelor’s degree. Employees in any given field with a business management degree earn a median salary of $100,000 a year. If at all feasible, it may be worth it in the long-term to pursue a bachelors’ business management degree to earn more money.
We have compiled a list below of the most common jobs for individuals who have received a degree in business management:
Data Analyst: A business management degree can prepare you for a career as a data analyst. Those who are highly analytical and have strong mathematical skills will make successful data analysts. Furthermore, data analysts are currently in high demand in the tech industry worldwide. A postgraduate degree in data science or business analytics may be helpful for this career path. Additionally, a data bootcamp may also be beneficial.
Data Scientist: A career as a data scientist is another possible outcome of a business management degree. Data scientists turn raw data into significant information for a company. Since data is generated every day, data scientists are in high demand in the tech industry. Salaries for a data scientist will depend on various factors, including experience and location. Furthermore, some employers may require a master’s or Ph.D. in business analytics or big data for this role.
Management Consultant: Those with a business management degree who enjoy problem solving might choose a career as a management consultant in the tech industry. Management consultants support companies by solving issues, improving business performance and increasing growth. Additionally, employers value experience as much as education for this role.
Systems Analyst: Upon graduating with a business management degree, students may seek out a career as a systems analyst. Systems analysts design new IT solutions, modify existing features and make improvements within a tech company. A high-level of technical expertise and business insights are required to be a successful systems analyst. Most analysts are graduates with an IT or business related degree. Furthermore, analysts usually start as junior programmers before being promoted to developer roles.
Actuarial Analyst: A career as an actuarial analyst requires strong mathematical capabilities, data analysis skills and a business management degree. Additionally, prior work experience may be beneficial in this career choice. Furthermore, a specific degree in actuary science might be required.
Financial Analyst: Financial analysts will conduct analyses about a company’s finances and investments. The main tasks that come with a career as a financial analyst include creating graphics and spreadsheets, and forecasting business, industry and economic conditions for financial information. Additionally, another important function of a financial analyst is deciding on the prices of a product that the company offers to the public.
Business Analyst: A business analyst focuses on gathering data problems and procedures for their company. After gathering all the data, they then analyze the information and present possible solutions. If a new solution or process is needed, they are designed based on interviews with employees, a close study of documents and on-site observations.
Account Manager: An account manager is another possible career option after obtaining a business management degree. An account manager will act as the company’s representative to a client. Depending on the account managers’ employer, they could work with individual customers or clients. One main task as an account manager is to work with sales and marketing teams to find new clients, prepare sales pitches and communicate their clients’ needs to the rest of the company.
Marketing Manager: A marketing manager is another possible career that has many tasks. Some of the main functions of a marketing manager include identifying potential markets for the company and overseeing a team to help develop strategies. Marketing managers will estimate the demand for products and services that an organization and its competitors offer.
Applications Programmer: Application programmers write code for the software used in computers and other devices. A business management degree can prepare students for a career as an applications programmer. The ability to write error-free code for applications is necessary in this role. Furthermore, they make these applications user-friendly. An advanced degree in IT or computer science may be helpful to succeed in this position. Salaries for this position may vary from $42,000 to $96,000. Furthermore, application programmers may progress to junior software engineers or, eventually, project managers.
Is a Business Management Degree Worth it?
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Caption: Is a business management degree beneficial? Find out before putting in the work.
One factor to consider when deciding to pursue an education in business management is the admissions requirements. While admission requirements vary from institution to institution, there are standard requirements for undergraduates.
It is necessary to review the selected school guidelines before completing an application to ensure submission of all the required information. Additionally, a high school diploma or a degree equivalent is required to further your education.
The next common requirement is to have a minimum GPA from a previous school experience, such as high school. The final common condition is a qualifying SAT or ACT score. Depending on the institution, you will be required to take the SAT or ACT and have a specific or higher rating.There are many career options in the tech industry after pursuing a business management degree. Exploring all these options before deciding on a degree and career path is necessary, while also keeping in mind that additional education may be required to succeed in the tech world. Career Karma can assist you with deciding on a career path and help you find relevant training, such as coding bootcamps.