What is Business Management?
In North Carolina, plenty of business management colleges and degree programs offer students the opportunity to learn about the various aspects of running a business. These programs can provide students with the skills and knowledge necessary to get into the business world and manage a business effectively.
The benefits of having a degree in business management are numerous. A degree in business will provide you with a comprehensive education and equip you for a number of lucrative business careers, but a degree in business management will also prepare you for promotions and supervisory positions within those careers. The majority of programs in business management cover accounting, finance, marketing, human resources, and operations. In addition, some schools offer specializations in fields like entrepreneurship, information systems, international business, and supply chain management.
Choosing a business management program can be difficult. So, it’s important to consider your interests and career goals and find a program that matches them. You should also research the schools you are considering and make sure they have a good reputation. After all, attending a school that hasn’t bothered to become accredited could be a thorn in your side for the rest of your career.
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Business Management Education in North Carolina
A business manager is someone who assembles all of the necessary pieces of the puzzle for a business to succeed. They should have an understanding of budgets and operational best practices and be able to motivate staff and create a productive work environment. Business managers are responsible for a company's overall success, and they are accountable to the employees and corporate directors. A degree in business management will provide students with the skills they need to start a career and gain experience in a variety of business settings.
Business managers can pursue careers in consulting, owning small businesses, or managing sales or customer service departments in a huge variety of industries. A business management degree is a great start, but those in the field may also choose to earn specialized certifications, such as the certified management accountant (CMA) credential. This can help you work in management within a specific field. Several schools offer certifications, preparing graduates for careers as business managers in their chosen industry or department.
Online Associates (AS)
Earning an associate degree in business management is a convenient way to further your education. Business management associate degrees prepare working adults for entry-level positions in office administration, marketing, and sales. These degrees are also useful stepping-stones to bachelor's degree programs and they are an excellent way to improve your career prospects and increase your value in the workplace.
Students who pursue an associate degree in business management will learn the foundational principles of business through their core coursework. They will also learn to manage teams within a company and devise innovative business solutions to meet industry challenges. Core courses in these programs include classes such as Strategic Management, Project Management, Business Ethics, Principles of Macroeconomics and Microeconomics, Accounting I and II, International Business, and a few others. To earn an associate degree in business management, students will compete around 60 credit hours, which should take most students around two years. Some students, such as those who attend online or take summer courses may be able to accelerate earning this degree.
UniversityHQ nationally ranked associates in business managementOnline Bachelors (BS)
In recent years, the number of people earning online bachelor's degrees has soared. And business and business management have always been popular degrees because of their versatility. Online degrees can offer a number of advantages over traditional, on-campus degrees. For one, students can often complete their degree at their own pace, which is convenient for those who are already working full-time, such as those who may have completed an associate degree already. Additionally, online courses can be more affordable than traditional courses. One of the main arguments again online learning in business education is that it doesn’t allow students to build a strong professional network, which can be invaluable for career growth.
Gaining a bachelor’s degree, whether you earn the degree online or not, will provide you greater access to the business world than you can gain with only an associate degree. It will prepare you for promotions and movement into supervisory positions. It will also prepare you to go on to earn a master’s or MBA degree, which is often a requirement for the highest levels of management. And these degrees provide a better foundation of business knowledge than an associate degree, mostly due to the fact that you have two more years to complete classes, meaning you can have a wider base of knowledge. This is important for those who want to manage larger businesses or even start their own business, because they will have a better understanding of every part of business and how they work together to succeed.
UniversityHQ nationally ranked bachelors in business managementOnline Masters (MS)
A master's degree in business management, more often known as a Master’s of Business Administration (MBA), offers students a variety of practical skills to succeed and experience growth in their business management career. Whether you're a recent graduate with limited management experience or a seasoned executive looking to make a change, the program will prepare you with the necessary skills to make the right decisions. You’ll learn innovative problem-solving techniques and gain valuable skills in strategic and critical thinking. These skills can help you advance in your current role or find a new position in business management.
MS in business management and leadership degree programs are designed for working professionals who want to advance their careers. They often emphasize ethical business practices and corporate social responsibility in an increasingly globalized society. The course curriculum can also examine current issues related to diversity and sustainability, as well as the supply chain as it becomes ever more tenuous. Online flexible programs are common, and they are ideal for working professionals seeking to enter higher-level positions. Students can gain a broad understanding of core business functions while studying specialized courses in new industry sectors.
UniversityHQ nationally ranked masters in business managementOnline Doctorate (PhD)
Doctoral programs in business management are the natural next step after getting a master’s degree if you are looking to work in academia or become known as an expert in your field. Accredited colleges provide online business management doctoral programs all over the US because they know that professionals at this level can’t take the time required to drive to classes during their busy weeks. Curriculums in these types of programs are meant to assist students in advancing their professions and helping them get into research and teaching. A PhD in business management earned online will instruct students in the use of research methods in company settings, among other things. Those who are interested in working as a researcher or gaining tenure in a college or university teaching position will gain the most from completing one of these terminal degrees.
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Online Certifications
A certificate in business management can be a valuable tool for those seeking entry-level positions in the private, public, and non-profit sectors. Students who have some prior experience in the field may also find this certificate useful as a jumping-off point to pursue higher-level careers, rather than jumping right into further education. The curriculum of these programs usually includes principles of accounting and business strategy, as well as computer applications, interpersonal skills, and human relations. The best instructors also bring real-world business experience to the classroom and have real-world connections. In addition, students may get personalized academic advice from instructors who are seasoned practitioners and have a deep understanding of today's economy.
Certificate programs vary in length and some can be completed in as little as eight weeks. Online courses are generally self-paced and do not require in-person meetings, although some do require virtual meetings in which students can ask questions and collaborate with their instructors.
Become a Business Manager in North Carolina
Becoming a business management professional in the state of North Carolina is an excellent goal for those looking to make it in the business world. The following guide provides essential steps that will help you on your way to becoming a successful business manager.
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Step 1: Earn your bachelor’s degree in business administration or a related field
In order to be successful in the business world, it is often helpful to have a degree in business administration or a related field. Earning a bachelor's degree in one of these areas can give you the skills and knowledge you need to be successful in a variety of business settings. There are many schools that offer programs in business administration or a related field, so it’s important to do your research and find one that fits your needs. Once you have graduated from a program like this, you will be ready to take on the challenges of the business world.
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Step 2: Gain experience in the workforce
In order to be successful in business management, you must gain experience and start networking within the industry. There are many ways to do this. One way is to obtain an internship while you are still in school. You may even choose your school based on the internship connections they have and the opportunities they provide to their students. Internships can help you create a network before you even graduate, and it may turn into a job offer if you find a company you fit into well as this allows you to learn about the company and the industry while also developing your skills.
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Step 3: Networking with people in the industry
As mentioned before, networking with people in the industry is key to success in business management. By attending industry events and meeting people in your field, you can create opportunities for yourself and learn from those who have already achieved success. It’s also important to build a strong network of colleagues and mentors who can offer advice and support as you progress in your career. You can join a professional association focused on your industry or managers in general in order to continue networking while you fully engage with your career.
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Step 4: Keep up with current trends and developments within the business world
The business world is constantly changing and evolving. In order to be successful, it’s important to keep up with the latest trends and developments. This includes staying up to date on changes in technology, as well as changes in the way businesses operate. It’s also important to be aware of new opportunities that may arise, and to be prepared to take advantage of them. By keeping up with current trends and developments, you can help ensure that your business remains competitive and successful.
What Can I Do with a Bachelor's in Business Management?
A bachelor's in business management or administration can lead to many different career paths. Some popular options are working as a business analyst, project manager, or human resources specialist. These positions typically require strong analytical and critical thinking skills, as well as experience in data analysis and Excel. Alternatively, some people with a business management degree and in-depth knowledge of a specific industry choose to start their own businesses. This option allows for a great deal of creativity and freedom, but also requires significant risk-taking and business acumen. Overall, a bachelor's in business management provides students with the skills and knowledge necessary for a wide variety of careers in the business world.
Potential Careers for Business Management Graduates
- Sales Manager:
A sales manager is responsible for managing the sales team and ensuring that targets are met. They will develop sales strategies, oversee sales operations, and monitor performance. They will also provide support and training to sales staff.
Necessary Requirements:
- Proven experience as a Sales Manager or similar role
- Strong leadership and motivational skills
- Excellent communication and interpersonal skills
- Organizational and time management skills
- Results-driven and target-oriented
Estimated Salary
- The median annual wage for sales managers in the US in 2021 was $127,490
- The mean annual wage for sales managers in North Carolina is $133,880
- Financial Analyst:
A financial analyst is responsible for providing financial analysis and support to an organization. They will develop financial models, perform data analysis, and support the decision-making process.
Necessary Requirements:
- Bachelor’s degree in finance or accounting
- 3-5 years of experience in financial analysis or related field
- Strong analytical and problem-solving skills
- Proficient in Excel and other financial modeling software
Estimated Salary
- The median annual wage for financial analysts in the US in 2021 was $81,410
- The mean annual wage for financial and investment analysts in North Carolina is $94,030
- Account Manager:
An account manager is responsible for managing a portfolio of accounts and developing strong relationships with clients. The role includes responsibilities such as identifying new business opportunities, negotiating and renewing contracts, and ensuring client satisfaction.
Necessary Requirements:
- Proven account management experience
- Strong relationship-building skills
- Excellent communication and negotiation skills
- Ability to meet deadlines and work under pressure
Estimated Salary
- The median annual wage for sales managers in the US in 2021 was $127,490 and managers (all others) earned $124,650
- The mean annual wage for sales managers in North Carolina is $133,880 and managers (all others) earn $127,380
- Operations Manager:
An operations manager is responsible for the overall operations of a company. They are in charge of ensuring that all departments are running smoothly and efficiently and are also responsible for developing and implementing new strategies to improve company operations.
Necessary Requirements:
- Proven experience as an operations manager or similar role
- Excellent organizational and leadership skills
- Outstanding communication and interpersonal abilities
- Strategic thinking and problem-solving skills
- Solid understanding of business processes
Estimated Salary
- The median annual wage for general and operations managers in the US in 2021 was $97,970
- The mean annual wage for general and operations managers in North Carolina is $117,130
- Benefits Specialist:
A benefits specialist is responsible for administering employee benefits programs and ensuring compliance with all relevant laws and regulations. They work closely with the HR team to develop and implement benefits programs that meet the needs of the organization and its employees.
Necessary Requirements:
- Bachelor’s degree in human resources, business administration, or a related field
- 3-5 years of experience administering employee benefits programs
- Knowledge of relevant laws and regulations, including the Affordable Care Act
- Strong communication and interpersonal skills
Estimated Salary
- The median annual wage for compensation, benefits, and job analysis specialists in the US in 2021 was $64,120
- The mean annual wage for compensation, benefits, and job analysis specialists in North Carolina is $66,520
- Director of Operations:
A director of operations is responsible for the overall management and operation of a company. They develop and implement strategies and policies to ensure the company is running efficiently and effectively and are also responsible for managing the budget and ensuring that the company meets its financial targets.
Necessary Requirements:
- Proven management experience
- Excellent communication and interpersonal skills
- Strong organizational and leadership skills
- Ability to work under pressure and meet deadlines
- Bachelor's degree in business or a related field
Estimated Salary
- The median annual wage for general and operations managers in the US in 2021 was $97,970
- The mean annual wage for general and operations managers in North Carolina is $117,130
- Account Executive:
An account executive is responsible for managing and developing relationships with key accounts, as well as identifying new business opportunities. They will work closely with clients to understand their needs and develop tailored solutions and are also responsible for maintaining a high level of customer satisfaction and ensuring efficient delivery of services.
Necessary Requirements:
- Proven account management or sales experience
- Excellent communication and interpersonal skills
- Ability to build relationships and solve problems
- Strong negotiation and presentation skills
- Self-motivated and results-oriented
Estimated Salary
- The median annual wage for advertising and promotions managers in the US in 2021 was $133,380 and chief executives earned $179,520
- The mean annual wage for advertising and promotions managers in North Carolina is $148,780 and chief executives earn $262,660
- Accounting Supervisor:
An accounting supervisor is responsible for the overall supervision of the accounting department. This includes but is not limited to Accounts Payable, Accounts Receivable, Payroll, and General Ledger. They will usually report to a controller in larger companies.
Necessary Requirements:
- Bachelor's degree in accounting or finance
- CPA or MBA preferred
- 5+ years of accounting experience
- Supervisory experience
Estimated Salary
- The median annual wage for accountants and auditors in the US in 2021 was $77,250
- The mean annual wage for accountants and auditors in the US in North Carolina is $84,960
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