What is Business Management?
Nevada’s gaming industry is one of the largest in the U.S., if not the largest. The casinos in Las Vegas bring in huge amounts of money from tourists who come to the state for the gambling and entertainment opportunities. Tourism in Las Vegas is one of the largest industries in the state. Accordingly, nearly 400,000 people work in the casinos, hotels, and other attractions in Las Vegas; roughly 2,500 new jobs are added to the tourism, hotel, and gambling industries yearly. On top of that, Nellis Air Force Base hosts the state’s aerospace industry. By itself, the air base employs 12,000 workers, both military and civilian.
While tourism and the military bring in billions of dollars each year, Nevada also has other various, thriving industries. These include real estate, rental, and leasing; professional and business services; retail; educational services, healthcare, and social assistance; finance and insurance; construction; manufacturing; transportation and warehousing; and wholesale trade.
All of these industries require skilled business managers who possess relevant business experience. Each of these managers must have at least a basic understanding of management and leadership. Business management covers a wide range of managerial positions within a private, non-profit, or even a government organization or agency.
These professionals should understand business finance, accounting principles, and business process analysis, among other things. And business professionals who have earned their business management degree in Nevada will have the essential career skills and understand the key concepts they need to successfully run an organization in the state. Business administration & management degrees can help them gain these skills.
Online Business Management Education in Nevada
A business manager can oversee the goals of an entire smaller organization or a department in a larger organization with just a basic education in the field and some experience. The main goal is to ensure that they have made the organization’s objectives clear to every employee.
They may monitor an organization’s finances, supervise employees, and put business strategies in place, but they may have many more responsibilities as well. Much of this is dependent on the organization they are a part of (it’s size and goals), their role or title, and other important factors.
Because the field of business is broad, business manager’s responsibilities will rely heavily on the industry in which they work. If they are in manufacturing, this may mean tracking production and quality analysis goals. If they are in the tourism industry, they may need to ensure that a certain number of customers walk through their door every week/month/year. Because business refers to any company that provides a product or a service, the goals of each manager can be drastically different and it’s impossible to tell you what the day-to-day of a business management professional will be.
Online Associate Degree in Business Management (AS)
A community college in Nevada offers an associate degree in Hospitality and Tourism Management. For students who earn this degree, Nevada offers thousands of positions in this profession. They may work as supervisors in food service management, hotels, entertainment, events, hotel operations, ski resort management, air and ground transportation, sustainable tourism, or outdoor recreation leadership.
An associate degree in business is designed to teach students the basic concepts of business in order to help them enter the business world. Some of what they may learn includes carrying out and evaluating management decisions, actions, and outcomes. They may also learn to use technology to help in both communication and making decisions; how to break down the effects of diversity, social, legal, and ethical issues in a modern business; and more. All of this is part of business process analysis.
Once they graduate, they should be able to show their employment-related knowledge, skills, and abilities on their resume in order to help them land an entry-level position in business.
Online Bachelor's Degree in Business Management (BS)
Prospective students who choose to enroll in a >bachelor’s degree in business management gain the skills they need for a general business management career, to open and operate their own business, or to manage a human resources or other specific business department.
These business management programs require around 120 credit hours, on average, to earn the degree. Material taught may include leading, planning, and organizing. Students may also learn about the activities of an information technology development, infrastructure, procurement, accounting, and human resource management so that they can understand every part of a business when they start their new career. These programs may also offer concentrations in human resource management, entrepreneurship, or another business-related field.
After graduation, individuals should have the skills needed to think critically and analytically, communicate well in a business environment, proactively use information technology to help aid operations and business analysis.
Online Master's Degree in Business Management (MS)
Whether you attend online or on-campus, you should be able to find a master’s degree that will help boost your career and resume. Those who cannot find the specialty they want in their state can even apply to online California degree programs to finish their education the way they want. There are a variety of options, such as a Master’s in Management and Leadership, management information systems, a general MBA, E-MBA, or an MBA with a concentration in human resources, leadership, or whatever specialty you like.
These graduate study programs help students transform themselves into leaders who have the ability to bring teams together so that they are able to solve problems using strategic thinking and decision making. Business managers and leaders use analytical and critical thinking skills to create change and maintain the bottom line throughout their organization.
An online Master of Business Administration (MBA) gives business professionals the knowledge and skills they need to help their organizations or their own small businesses to grow, while also offering a huge variety of options when it comes to concentrations. This can help you move up in your current company, find new opportunities within your current field, or even pivot to a more lucrative field. For students who have personal or professional commitments, a part-time MBA programs are available in most cases.
Online PhD Degree in Business Management (PhD)
Doctoral students planning to earn a PhD in management or another business field will have to meet a variety of graduate school requirements, which will vary by the school and the program you choose. On top of this, they will often have to complete around 70 hours of graduate credits, which may include 45+ hours of coursework.
Students will often need to pass at least one comprehensive exam covering what they’ve learned sometime during their second or third year. However, some management students who have already completed their master’s degree before enrolling in the doctoral program may be able to transfer at least some graduate credits into the higher-level degree. This, again, depends on the school and program you choose, as well as your previous educational focus and GPA.
Become a Business Manager in Nevada
There are no requirements in any state in the US for business professionals to earn licensure or certification, except for focused fields, such as CPAs. However, business managers who take the time and effort to earn certifications in business management or other key business processes may be more likely to receive competitive job offers. While on-the-job experience is vital, so is learning new information and expanding your skills.
While a certification may not be required, they certainly may give someone the edge over another applicant for a managerial position. And, during tough economic times, a certification may mean the difference between a job offer and being passed over. Here are just some certification options for those looking to succeed in business, though you should always ensure that any certification you are considering will support your future career goals.
- CBPA Certified Business Process Associate, Professional or Leader
This certification is intended for business managers who have the knowledge and skills needed in business process management. The Association of Business Process Management Professionals International (AABPMP) offers courses and certifications at three levels. Each certification reflects the high standards which are expected of well-qualified professionals in this field.
- International Institute of Business Analysis (IIBA)
This non-profit organization has dedicated itself to the business analysis profession. In creating its certification programs and exams, it closely follows the Business Analysis Body of Knowledge benchmark.
It offers two certifications:
- Academic Business Analysis Certificate (ABAC)
This entry-level certification may be earned from an institution which partners with IIBA or a university. This helps students prepare for competency based IIBA certification.
- Entry Certificate in Business Analysis (ECBA)
This certification verifies a professional holds foundational knowledge of business analysis practices. They should have a minimum of 21 hours of professional development and must pass an exam to obtain certification.
- Academic Business Analysis Certificate (ABAC)
- American Management Association’s Certificate in Analytical Skills
- Professional Certificate in Team Leadership
Careers for Business Management Graduates
- Financial Analyst
A financial analyst is critical to the health of an organization’s daily operations. They research and use financial data to understand the business and market in general so that they are able to see how the organization stands up in comparison to other businesses. They may also make recommendations on steps the organization may take, such as making different investments or selling stock.
- Operations Manager
This manager may handle both human resources’ higher-level duties and management. Part of their responsibility is to attract new talent for the organization. They also develop training standards and hiring procedures. An operations manager analyzes and makes improvements to organizational processes and strive to improve quality, efficiency, and productivity. They may also be known as the chief operating officer (COO).
- Account Executive
Account executives may be found in more than one field. They help their organizations to grow by finding leads, closing sales, providing support to current clients, and creating new sales strategies. They also explain product value to clients. They should be adaptable, good at multi-tasking, and knowledgeable about their products or services and business in general.
- Managerial Accountant
Managerial accountants oversee the financial performance of an organization. They ensure that all accounting and financial operations run smoothly, overseeing the work of the junior accounting staff. They also go over financial statements, making sure every entry is accurate and reconciling general ledger accounts. This professional may help recruit and train accounting staff and begin disciplinary measures against employees who are performing poorly. They should stay current with the newest developments in accounting technology and software.
- Regional Manager, Services Company
A regional manager of a services company may supervise separate stores, business branches, or offices within an organization. They take responsibility for staffing, performance, profit, and other operations and metrics of each branch they oversee. They instruct the managers and supervisors at each branch and report on each branch’s performance to the organization’s upper administration. Store managers, supervisors, and general managers may be promoted to regional management once they have accumulated sufficient industry and leadership experience.
- C-Suite Executive
The C-suites house the most senior executives in an organization. Members of the C-suite hold large amounts of business experience, have a healthy strategic mindset, are capable of managing conflict and making high-quality decisions, and are adaptable.
C-suite executives should have strong technical skills which are related to their position. A chief marketing officer should be an expert in marketing, for instance. And their leadership skills should be exceptional.
Members of the C-suite might include titles such as:
- Chief Executive Officer
- Chief Security Officer
- Chief Financial officer
- Chief Strategy Officer
- Chief Operating Officer
- Chief Research Officer
- Chief Technology Officer
- Chief Medical Officer
- Chief Information Officer
- Chief Legal Officer
- Chief Compliance Officer
- Chief Investment Officer
- Chief Analytics Officer
- Chief Human Resources Officer
- Chief Brand Officer
- Chief Data Officer
- Chief Commercial Officer