When your child is deciding on a major, it’s natural to worry about whether or not that degree will lead to a career. College is expensive, and you may have been saving for this since before they were even born. While some fields have fairly obvious career paths, such as a science degree leading to a career in science, not all degrees are so clear-cut. If your son or daughter has expressed interest in a business degree, you might be wondering just what kind of jobs they might be qualified for. As it turns out, there are a number of fast-growing and well-paying careers out there which a business degree can lead to, so let’s take a look at a few.
Market Research Analysts
Using the latest data from the Bureau of Labor Statistics, market research analysts are a top career choice for business majors. Market research analysts study trends in sales data, analyze the information gathered from customers, and prepare that data in a readable manner for executives and management. A job as a market research analyst usually requires a bachelor’s degree to get started, particularly in market research or business administration, and have a median income of $63,120 a year. The amount of market research analysts employed in the US is predicted to increase by 20% over the ten-year period from 2018-2028, with this growth driven by the increasing importance of consumer data on business decision-making.
Financial managers head up the finance departments within corporations, helping them to stay profitable and grow at a sustainable rate. While financial managers usually need some work experience in related positions, such as a financial analyst, the education requirement is usually a bachelor’s degree. With a median income of $127,990, financial managers are extremely well-paid, and with expectations of growth in the area of 16% between 2018 and 2028, promotions into this career are certainly an option for dedicated employees with the right education in the coming years.
Management analysts, also called consultants, come into companies to help them increase efficiency and reduce waste. They can facilitate this in a number of ways, such as helping departments communicate better, adjusting budgets, and analyzing employee data to help identify those who are working hardest and those who’ve fallen behind. Entry-level positions as a management analyst usually require a bachelor’s degree, although work experience in relevant fields is often required as well. With a median annual income of $83,610, management analysts are well compensated. With the predicted growth of 14% between 2018 and 2028, it’s definitely an industry with a lot of potential, as companies seek to increase efficiency and productivity, particularly in healthcare.
While these are some of the fastest-growing careers, there are plenty of other careers in business that can become available with a degree. Business management careers are often some of the highest paying jobs out there, and nearly all of them require at least a bachelor’s degree. Finance and accounting are also great choices that can lead to lucrative careers. Regardless of the exact major, getting an education in business is a great choice for students heading off to college, providing them with the skills they need to succeed in a large number of career fields, or even start their own business, should they feel so inclined.
We always want to look out for our kids and make sure they are making good sound educational decisions. With a little bit of research and support, your child will be well on their way.
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