Over 72% of all businesses in the country intend to hire employees with a business degree, according to the National Association of Colleges and Employers’ Job Outlook 2017 Report. This statistic underscores the immense value and versatility that a business degree offers in the job market. A business degree teaches theories of finance, marketing, and management and administration, and how to apply these theories to real-world problems, preparing students for the fast-paced, fast-changing business world.
Business degrees offer a versatile path to careers in various fields such as management, marketing, finance, accounting, human resources, entrepreneurship, and more. The earning potential for business graduates is also significant, with studies showing that a college graduate will earn a median $1 million more than a high school grad over their lifetime, and completing a business or other professional degree adds another $1.3 million to that figure.
Whether your interests lie in high-paying roles like financial manager or information security analyst, growing fields like operations research or market research, or entrepreneurial opportunities, a business degree can open the door to a rewarding and lucrative career. In this article, we’ll explore what jobs can you get with a business degree and the diverse range of job options available to business degree holders and the factors that make a business education a smart investment.
Introduction to Business Degrees
A business degree provides a solid foundation in the theories and practical applications of finance, marketing, and management and administration. By teaching students how to apply these principles to real-world problems, a business program prepares graduates for the fast-paced, dynamic world of business.
One of the most popular fields of study today is business, and it’s no surprise why. A degree in business opens up a world of opportunities and can lead to a successful and rewarding career. But with so many different business degrees available, you may be wondering which one is the best for you.
Definition of a Business Degree
At its core, a business degree equips students with the knowledge and skills necessary to thrive in the business sector. Through coursework in areas like accounting, economics, operations management, and organizational behavior, business degree programs teach students how to analyze data, make informed decisions, and effectively lead teams and organizations.
One common question among prospective business students is, “which business degree is best?” The answer to this largely depends on individual interests and career goals. For those inclined towards finance and investment, a degree in finance or accounting may be the preferred choice. On the other hand, individuals interested in marketing and advertising may opt for a degree in marketing or communications. It is advisable to consider personal strengths and passions while making this decision.
Specializations Within Business Degrees
One popular specialization within business degrees is finance. This specialization focuses on managing and analyzing financial resources, which is crucial for the success of any organization. With a finance specialization, graduates can pursue careers as financial analysts, investment bankers, or even chief financial officers of leading companies. Finance professionals are in high demand and often receive competitive salaries, making it one of the highest paying jobs with a business degree.
Another specialization within business degrees is marketing. This field is all about creating and implementing strategies to promote products and services effectively. Marketing professionals play a vital role in helping businesses reach their target audience and increase their sales. Careers in marketing can include roles such as brand managers, market researchers, or advertising executives. Marketing professionals also have the potential to earn high salaries, particularly if they excel in their field and work for established companies.
For those interested in the healthcare industry, a specialization in healthcare administration/management is a great choice. This specialization combines business knowledge with an understanding of the unique challenges and regulations in the healthcare sector. Graduates with a healthcare administration/management specialization can pursue careers as hospital administrators, healthcare consultants, or even CEOs of healthcare organizations. These positions often come with competitive salaries, especially in high-demand areas such as healthcare management.
Importance of a Business Degree
Earning a business degree can provide significant benefits, including increased earning potential, the development of versatile business skills, and preparation for in-demand, high-growth careers. While an undergraduate degree may be sufficient for entry-level, aspiring for upper-tier leadership roles often necessitates a master’s degree or even a doctorate. Overall, a business degree offers a path to a wide range of rewarding and lucrative career opportunities.
High-Paying Jobs with a Business Degree
A business degree can open doors to several well-compensated career paths. Two noteworthy examples include financial management and information security analysis.
Financial Manager
Financial managers are responsible for the overall financial health of an organization, helping to achieve short and long-term financial goals. Their duties include producing financial reports and forecasts, directing investment activities, analyzing market trends, and assisting management in financial decision-making. The median annual salary for financial managers is $131,710, and the job outlook is projected to grow 17% from 2020-2030, making it an attractive option for those with a highest paying jobs with a business degree.
For those considering a business major, it’s natural to wonder about the lowest paying business majors. While there are no universally agreed-upon rankings, some studies suggest that majors such as hospitality management or recreation management tend to have lower average starting salaries compared to other business disciplines. However, it’s important to remember that individual career choices, skills, and experiences can greatly impact earning potential regardless of one’s major.
Conversely, many aspiring business professionals want to know what is the highest paid job in the world? While it varies across industries and sectors, some of the highest-paying jobs globally include positions like chief executive officer (CEO), investment banker, surgeon, and aerospace engineer, among others. These professions often require advanced degrees, extensive experience, and a high level of expertise. However, it is crucial to pursue a career not solely based on earning potential but also on personal passion and interest.
Information Security Analyst
Information security analysts play a critical role in protecting an organization’s computer networks and systems. They identify weaknesses, plan and implement security protocols, respond to breaches, and train users. The median annual salary for information security analysts is $102,600, and the job outlook is projected to grow 33% from 2020-2030, underscoring the high demand for professionals with a best business degrees for money.
Information security analysts play a crucial role in safeguarding sensitive data and protecting organizations from cyber threats. They are responsible for identifying vulnerabilities in computer systems, implementing security measures, and staying updated on the latest technologies and threats. Given the ever-increasing significance of data privacy and security in our digital age, information security analysts are in high demand across various industries, including finance, healthcare, and government sectors.
Growing Career Opportunities
In today’s rapidly changing job market, it is crucial to stay informed about the growing career opportunities available. Many people are often curious about what the highest paid job in the world is or what the best business or job might be. While it is difficult to determine the absolute highest paid job, there are several professions that consistently rank high in terms of income. These include neurosurgeons, corporate executives, investment bankers, and IT managers, among others. However, it’s important to note that the highest paid job may vary based on factors such as location, experience, and industry.
When it comes to determining the best business or job, there isn’t a one-size-fits-all answer. The ideal career choice depends on individual skills, interests, and personal goals. Some may find fulfillment in pursuing a creative field, such as graphic design or photography, while others thrive in more technical professions like engineering or software development. Ultimately, the best business or job is one that aligns with an individual’s passions, motivates them, and provides potential for growth and advancement.
Operations Research Analyst
Operations research analysts leverage critical thinking and mathematical modeling skills to help organizations operate more efficiently and effectively. They collect and analyze data, develop mathematical models to solve complex problems, and provide strategic recommendations to leadership teams. The median annual salary for operations research analysts is $82,360, and the job outlook is projected to grow 25% from 2020-2030, much faster than the average for all occupations.
Market Research Analyst
Market research analysts study the marketplace, examining consumer trends, competitor activities, and other factors that influence the demand for a company’s products and services. They monitor sales data, research target demographics, and develop new methods for gathering consumer insights. By presenting actionable data-driven recommendations, market research analysts play a crucial role in guiding strategic business decisions. The median annual salary for market research analysts is $63,920, and the job outlook is projected to grow 22% from 2020-2030, also much faster than the average.
Careers in Healthcare with a Business Degree
A business degree can also lead to rewarding careers in the healthcare industry. Medical and health services managers work behind the scenes at hospitals, doctor’s offices, and other care facilities to keep them running safely and efficiently. Their responsibilities include managing operations, training and recruiting staff, overseeing health records, creating schedules for providers, and communicating with insurance representatives.
The median annual salary for medical and health services managers is $101,340, and the job outlook is projected to grow 32% from 2020-2030. This strong growth reflects the increasing demand for skilled professionals who can navigate the complex, rapidly evolving healthcare landscape. Those with business degrees are well-equipped to take on these vital roles, leveraging their expertise in finance, operations, and strategic management to drive improvements in healthcare organization performance and patient outcomes.
What jobs can you get with a business degree?
A business degree provides a versatile path to a wide range of careers. Some of the key jobs that can be obtained with a business degree include financial manager, information security analyst, operations research analyst, market research analyst, medical and health services manager, management analyst, administrative services manager, fundraiser, accountant, financial analyst, human resources specialist, and marketing manager. These roles span diverse industries such as finance, healthcare, technology, consulting, and more, with many offering high salaries and strong job growth outlooks. The analytical, financial, and interpersonal skills developed through a business degree program make graduates sought-after candidates for a variety of in-demand positions.
Business Degrees for Management Roles
When it comes to pursuing a career in management, having a business degree can significantly enhance your chances of landing a coveted job. But with numerous options to choose from, what degree gets the most jobs? Which is the best business degree or job to pursue?
While there is no one-size-fits-all answer to these questions, several business degrees tend to open doors to a wide range of job opportunities. One of the most sought-after degrees is a Bachelor of Business Administration (BBA). This degree provides a general overview of various business disciplines, including accounting, finance, marketing, and management. With a BBA, graduates can explore careers in fields such as human resources, finance, or entrepreneurship.
However, if you have a specific industry in mind, specializing in a particular field might be beneficial. For instance, if you’re interested in the technology sector, a degree in Business Information Systems or Information Technology Management could be a great fit. These degrees equip you with the knowledge and skills needed to excel in roles such as IT project management or business analysis.
Management Analyst
Management analysts, sometimes called management consultants, help organizations become more profitable by finding ways to reduce costs and boost revenue. They interview and observe on-site, examine financial data and employment reports, recommend organizational changes, and train workers in new strategies. The median annual salary for management analysts is $93,000, with job outlook projected to grow 14% from 2020-2030.
Administrative Services Manager
Administrative services managers, also known as office managers, oversee staff and business operations, helping to organize and execute projects. They earned a median salary of $99,290 in 2021, with job outlook projected to grow 7% through 2031. With a business degree, individuals can develop the management, leadership, and problem-solving skills needed to excel in these roles.
Entrepreneurial Opportunities
A business degree can also open doors to entrepreneurial opportunities. Fundraisers work in the political or non-profit sectors to raise money for organizations, analyzing what’s important to potential donors, crafting compelling messages, organizing campaigns and events, maintaining donor records, and training volunteers. The median annual salary for fundraisers is $60,660, with job outlook projected to grow 16% from 2020-2030.
Many universities also offer specialized business degree concentrations in entrepreneurship, equipping students with the skills to start and grow their own businesses, such as developing business plans, securing funding, managing operations, and marketing products/services. With a focus on entrepreneurship business degrees and business degrees for startups, these programs provide aspiring entrepreneurs with the knowledge and practical experience needed to transform their ideas into successful ventures.
Accounting and Finance Careers
When it comes to career options in the field of accounting and finance, there are a plethora of choices available that can lead to lucrative opportunities. Many individuals are often curious about the highest paid job in the world, and while there are several contenders, one cannot overlook the immense earning potential of top-level finance positions. Roles such as investment bankers, hedge fund managers, and chief financial officers (CFOs) often top the charts when it comes to high-paying jobs in the financial sector.
On the other end of the spectrum, individuals may wonder about the lowest paying business major. While it’s important to note that no career path guarantees a low income, some business specializations may command lower starting salaries compared to others. For example, careers in hospitality management or human resources might have lower average initial wages. However, it’s important to remember that these figures can differ based on various factors such as location, industry, and experience.
Accountant
Accountants analyze a company’s financial statements, review accounting systems, ensure regulatory compliance, and find ways to reduce costs and increase revenue. To become a licensed Certified Public Accountant (CPA), additional requirements beyond a bachelor’s degree in accounting or finance may be needed. Accountants earned a median salary of $77,250 in 2021, with job outlook projected to grow 6% through 2031.
Financial Analyst
Financial analysts take a deep dive into an organization’s financial data to make key decisions impacting future spending and investments, both domestically and globally. They analyze financial trends, assess market conditions, and provide recommendations to help organizations make informed financial choices. Financial analysts earned a median salary of $95,570 in 2021, with job outlook projected to grow 9% through 2031.
Human Resources and Training Roles
A business degree can prepare students for roles in human resources and talent management. Human resources specialists are responsible for recruiting, screening, and interviewing workers, processing new hire paperwork, conducting training, managing compensation and benefits, and addressing employee issues. They earned a median salary of $62,290 in 2021, with job outlook projected to grow 8% through 2031.
Training and Development Managers
Training and development managers create, manage, and coordinate the training and development activities and staff of an organization, helping employees build the skills needed to meet business objectives. They earned a median salary of $120,130 in 2021, with job outlook projected to grow 7% through 2031.
- Human Resources Specialist; A business degree can prepare students for roles in human resources and talent management. Human resources specialists are responsible for recruiting, screening, and interviewing workers, processing new hire paperwork, conducting training, managing compensation and benefits, and addressing employee issues. They earned a median salary of $62,290 in 2021, with job outlook projected to grow 8% through 2031.
- Training and Development Managers; Training and development managers create, manage, and coordinate the training and development activities and staff of an organization, helping employees build the skills needed to meet business objectives. They earned a median salary of $120,130 in 2021, with job outlook projected to grow 7% through 2031.
Marketing and Branding Positions
A business degree can also lead to rewarding careers in marketing and branding. Marketing managers play a crucial role in promoting an organization’s products and services through innovative print and digital marketing campaigns. They work closely with sales and product teams to analyze market segmentation, develop effective pricing strategies, and devise targeted campaign approaches that resonate with consumers.
According to the Bureau of Labor Statistics, marketing managers earned a median salary of $135,030 in 2021, and the job outlook is projected to grow by 10% through 2031, faster than the average for all occupations. This presents an exciting opportunity for business graduates with a strong background in marketing, branding, and digital strategy.
Market Research Analyst
In addition to marketing manager roles, a business degree can also prepare students for positions as market research analysts. These professionals study and evaluate market conditions to forecast product and service performance, collecting valuable demographic, competitor, and consumer data to help organizations make informed decisions and position themselves for success.
Market research analysts earned a median salary of $63,920 in 2021, and the job outlook is projected to grow by 19% through 2031, much faster than the average for all occupations. This growth is driven by the increasing importance of data-driven decision-making across various industries, making market research analysts highly sought-after business professionals.
FAQs on What Jobs Can You Get With a Business Degree
What jobs can you get with a business degree in finance?
With a business degree, you can get roles in finance, such as financial analyst, investment banker, or financial planner, where you’ll analyze financial data, manage investments, and provide financial advice.
What jobs can you get with a business degree in marketing?
A business degree can lead to marketing positions like marketing manager, brand manager, or digital marketing specialist, focusing on creating and executing strategies to promote products and services.
What jobs can you get with a business degree in management?
Graduates with a business degree can work as management consultants, project managers, or operations managers, helping organizations improve efficiency, oversee projects, and manage business operations.
What jobs can you get with a business degree in human resources?
With a business degree, you can work in human resources as an HR manager, recruiter, or training and development specialist, focusing on employee relations, talent acquisition, and organizational development.
