Business is an ever-growing and thriving field. It is a diverse field of work where there are many opportunities for a person to grow and expand their horizons. There is no possible limit to how much or what you can do. It all depends upon your willingness to learn and develop. You will need a degree in business to pursue it as a lucrative career.
A bachelor’s degree would be preferable for anyone who wants to jump into the field of business and is aspiring to become a businessperson. Once you graduate with a bachelor’s in business, you can choose from many subfields, i.e., HR, management, accounting, finance, economics, and several others. Here we have gathered a list of a few opportunities a business graduate can avail;
Economics is a huge part of business studies. As business economists, you learn all about economic policies and their role in managing economies. You also learn to handle finances, investments and analyze statistics, which can be great for your future clients.
Jobs in the economy have been growing steadily since 2018 and have seen a 12-14% increase overall in the market. As a fresh graduate with a bachelor’s degree, you should apply for entry-level positions in any government or private organization. You can look for job openings for an economist or a research analyst and hone your skills necessary for top posts.
2. Finance Analysts
Finance is the most in-demand majors in business studies. Business students look forward to becoming a finance manager, advisor, or analyst in the future due to its evolving nature. Jobs in this major pay handsomely and are excellent for working on your leadership and management skills.
Students who want to look for job opportunities in finance should apply to different banks or consultancy agencies.
3. Accounting Professionals
A bachelor’s or an online master of accountancy will suffice for you to get a professional job in the field of accountancy. It is also the most sought-after business major, similar to finance. Companies require the expertise of an accountant in almost every single area of work. Undoubtedly, it makes accounting the most rewarding major for a business newbie. In accounting, you manage accounts, taxes, make business strategies, or merge corporate accountancy firms. You can also get into government departments such as tax agencies, business laws, and policy-making agencies.
4. Human Resource Professionals
Human Resource is another business major with job opportunities available in almost every sector. An HR officer, manager, or associate is the need of any modern organization. In HR, you learn management and organizational skills that you can incorporate to enhance the organization’s performance and employee productivity.
You also learn about employee rules and policies relating to labor, hiring, payroll, and others. You can look for any entry-level job openings if you are a passionate business graduate who wants to learn more about people, behaviors, and employee rights.
Marketing is a relatively old business major with many career options to pursue. Marketing graduates have to use creative, innovative, and problem-solving skills to build brands, ensure robust customer experience, and so forth. They work to improve selling rates, learn about consumer choices, and design campaigns to enhance product value. They also study the behavior of the target audience in and outside the market.
Marketing requires teamwork and patience. There are starting positions like a salesperson or marketing interns and executives. But you can grow into a full-fledged marketing professional if you have the leadership skills to ensure teamwork and product success in the market.
6. Advertising Professionals
Advertising is all about creative product endorsement. You need to follow the market trends and observe demographics, customers, and buying patterns. Both advertising and marketing run parallel to each other, but advertising engages the product’s creative placement in the market.
As a business graduate with an advertising major, you can look for any advertising agency jobs as a creative assistant, art/graphic designer, advertising, or promotional manager. You will get opportunities to grow immensely. You can get a promotion to a higher position, such as a creative director of an advertising firm.
This entrepreneurial major has to do with business management, global expansion, co-operation, and the international market. There’s no better way to utilize your business skills and creative thinking than starting your business. Other than that, there are many opportunities for you to work as a business administrator, international trader, marketing, and finance manager.
Annual Income & Growth Rate
Let us look at some BLS stats to analyze the growth rates and annual median salaries of some business majors,
- According to BLS, the average salary for economists is $105,020, and the rate of growth is 12-14%. The education you will need is a Bachelor’s degree.
- According to BLS, the average salary is $129,890 a year as a finance major, and the rate of growth for jobs is 15%. The education you will need is a Bachelor’s degree and a Master’s degree to excel in the field.
- As an accounting major, the average salary is $71,550 a year, and the rate of growth in the job is 4%. You should have a Bachelor’s degree to get entry-level jobs.
- As a Human Resource major, the average salary for a year is $116,720, according to BLS, and the rate of growth is 6%.
- According to BLS, the average salary is $135,900 per year as a Marketing or Advertising major, and the rate of growth is 5-6%.
- In an administrative position, the average salary for a year is $96,940, according to BLS, and the rate of growth on average is 6%.
Looking at these BLS statistics, we can say that there are many opportunities in the business field. You not only have the option to seek employment after getting a bachelor’s degree, but you can also experiment with some entrepreneurial ventures. Initiate a startup until you get a Master’s degree to become an expert or executive.
Due to the Covid-19 pandemic, it has become quite challenging to go out and physically attend college. However, many online programs are available for business students to receive their degrees online. You can get either a bachelor’s or a master’s degree according to your career requirements.
The business arena opens multiple pathways for freshly graduated students. They can choose from entry-level positions to executive-level jobs after gaining some experience and developing skills. This firsthand experience also helps them with their plans for the future.