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What Business Major are You Interested In?
Earning a business degree in Wyoming can lead to a wide variety of occupational opportunities. As one of the most popular majors in the United States, programs are readily available throughout the nation. While colleges and universities set their own unique curriculums, most programs are designed with the same goals in mind. Students often receive general instruction relevant to the field while developing expertise and skills in management, finance, leadership, and marketing. These qualities are highly valued by most employers. Outcomes ultimately depend on individual action, but graduates have the potential to lead extremely successful and profitable careers and almost any industry.
According to the US Bureau of Labor Statistics, employment in business and financial occupations is expected to increase by 7% from 2021 to 2031. This is about as fast as the average for all occupations and will account for an additional 715,100 new positions in the field. Additionally, more availability will occur as workers leave the field permanently due to career changes and retirement. Overall, approximately 980,200 job openings are projected for this field each year.
However, that some business and financial occupations are expected to experience more growth during this time than others. Employment for market research analysts is also projected to grow 22%, while logisticians are expected to see an increase of 30% over the next ten years. Conversely, labor relations specialists will see a decrease of 4% in job availability.
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Online Business Education in Wyoming
Professional and business services is the fifth largest industry in Wyoming, accounting for $6.4 billion of the state’s revenue each year. Additionally, many of Wyoming’s other top sectors depend on and/or benefit from hiring professionals in this field. Other top sectors that may employ business degree graduates in the state include educational services, healthcare, manufacturing, mining, real estate, retail, construction, wholesale, entertainment, finance, and insurance. As of May 2021, Wyoming employed 10,250 people in business and financial operations with an annual mean wage of $73,170. This is significantly above the state’s annual mean wage of $52,110.
Prospective students seeking to major in business can choose from colleges and universities throughout the nation. Online programs make higher education even more accessible, especially for people with full-time jobs and/or family obligations that make attending classes in person difficult. Those interested in pursuing employment in Wyoming should, however, give preference to academic institutions within the state. Local schools have a better understanding of employer expectations in Wyoming and adjust their curriculums accordingly. These colleges and universities are also more familiar with state business laws and regulations, which helps ensure those planning to open their own companies are prepared for the process. Additionally academic institutions often establish relationships with nearby companies and organizations, providing easy access to student internship and professional employment opportunities.
There are many different types of business professionals in Wyoming, and a degree in business can lead to a wide variety of employment opportunities. While there are many professions in the field, expectations and responsibilities often differ wildly depending on employer industry and size. As a result, most academic degree programs strive to ensure graduates are adequately prepared to work in almost any setting. In general, business professionals perform tasks related to analyzing and/or improving company or organization performance. The most successful individuals tend to have excellent interpersonal, leadership, communication, and social perceptiveness skills, as well as exceptional critical thinking and problem-solving abilities.
Most sectors in the nation depend on and utilize business professionals to some extent due to their knowledge and skills in analytics, leadership, and research. This provides those in the field with a significant amount of flexibility, with many pursuing occupations related to their personal interests.
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Some of the most prominent career pathways available include:
- Accounting
- Business Development
- Economics
- Entrepreneurship
- Finance
- Global Business
- Human Resources
- Management
- Marketing
- Operations
- Sales
While some entry-level business jobs may require little or no formal education, most positions in the field require candidates possess degrees. As a popular major, prospective students can generally find relevant academic programs at the associate, bachelor’s, master’s, and doctoral levels. Many institutions also offer professional certificates in various business topics for undergraduate and graduate students.
The type of degree you choose to pursue can significantly impact your career prospects. As a result, it’s always a good idea to research your intended profession to determine its education standards prior to enrolling in an academic program.
Online Associate (AS)
Associate degree programs in business generally consist of 60 credit hours of coursework that takes full-time students approximately two years to complete. These programs are comprised of both general liberal arts and major-specific classes. Curriculums vary, but students can typically expect to study various topics in English communication, mathematics, and history, as well as finance, human resources management, and customer service. Instruction at this level tends to be broad.
Those seeking a basic introduction the higher education and the business field will benefit most from this type of degree. Associate programs are also often less expensive than traditional four-year options and allow graduates to qualify for entry-level employment relatively quickly. Professional opportunities vary, but common outcomes include administrative assistant, executive assistant, food service manager, bookkeeper, office manager, human resources employee, and office clerk. Notably, however, bachelor’s degree graduates typically qualify for the same job and employers tend to select candidates with more education.
It's also relatively common for associate degree graduates to pursue bachelor’s degrees. It is possible to transfer undergraduate credit hours between properly accredited colleges and universities. Academic institutions regularly accept up to 60 or 90 transfer credit hours, which allows individuals with associate degrees to enter as juniors rather than freshmen. Full-time students can then complete the remaining requirements in approximately two years.
Online Bachelors (BS)
Bachelor degree programs in business generally consist of 120 credit hours of coursework that takes full-time students approximately four years to complete. Those who have earned college undergraduate credits via the advanced placement (AP) program or by attending higher education classes previously may require less time to graduate, however. These programs are still comprised of both general liberal arts and major-specific classes, although students can expect to receive more extensive instruction related to their majors. Common topics covered include marketing, finance, and accounting. Students may also be given opportunities to select concentrations, or specialties, within the business field.
Some of the most common options available include:
- Entrepreneurship
- Finance
- Global Business
- Human Resources
- Management
- Marketing
- Sales
According to the US Bureau of Labor Statistics, this type of degree is standard in the field. Most individuals pursuing entry-level business employment will require, at minimum, bachelor’s degrees. Graduates may qualify for jobs as financial analysts, human resource specialists, and management consultants.
Those interested in supervisory positions often choose to continue their educations by enrolling in master’s degree programs. Applicants should be prepared to meet minimum grade point average (GPA) and Graduate Record Examination (GRE) score standards set by their gaining graduate schools.
Online Masters (MS)
Master’s degrees in business generally consist of 30 to 60 credit hours of coursework, which full-time students can finish within about two years. Undergraduate credits cannot be applied toward graduate-level learning, although many colleges and universities do require students to possess bachelor’s degrees. In some cases, specific prerequisites must also be met prior to admittance.
Graduate students interested in this field can either pursue a master’s in business or a master’s in business administration (MBA). Both of these degree options provide relevant instruction that builds upon the knowledge and skills gained previously. MBA programs, however, tend to place greater emphasis on planning and execution than standard business programs.
These online business degrees are ideal for individuals planning to pursue upper management and supervisory roles in business. With extensive knowledge and skills in business, management, and leadership, graduates are often considered for the best mid-level employment opportunities. They also tend to promote faster and often earn more money. Some of the most common professions available to those with master’s degrees in business include training and development manager, top executive, public relations and fundraising manager, human resource manager, information technology manager, financial manager, industrial production manager, and management analyst.
Online Doctorates (PhD)
Doctorate degrees in business generally consist of between 90 and 120 credit hours and take full-time students four to seven years to complete. Curriculums vary, but instruction is typically focused on high-level business concepts and research methods not previously covered. Ample time for independent study is often provided, with students writing and defending well-researched dissertations prior to graduation.
This is the highest level of education available in the field. Notably, however, few employment opportunities in business require doctoral degrees. They are most appropriate for individuals interested in research and/or academia.
Alternatively, prospective students can enroll in doctor of business administration (DBA) programs. They generally require at least six years to fully complete. These are professional degrees designed to enhance executive and professional practice, placing instructional emphasis on theoretical knowledge related to business and business management. Graduates are often qualified for employment in upper management and executive positions such as top executive, postsecondary business professor, postsecondary education administrator, and economist.
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Become a Business Development Specialist in Wyoming
The first step to becoming a business professional in Wyoming is determining your intended occupation. With so many different career options available in the field, it’s important to take time to consider which suits your interests and aptitudes best. Not only does this ensure you pursue work you will like, but it will help you identify the most appropriate academic degree program. As every profession has varying education requirements, pinpointing your objectives early ensures you gain the knowledge, skills, training, and credentials needed to be successful.
After meeting the necessary education requirements, you can generally begin applying for employment. To make yourself more competitive or to qualify for specialty jobs, you may need to obtain one or more professional certifications and/or licenses. There are numerous credentials available in the business field. The majority are offered through associations, organizations, and corporations, as well as some academic institutions. Becoming certified or licensed is a great way to improve employment prospects, marketability, and overall earning potential. In some cases, employers require candidates to possess certain credentials prior to applying or stipulate they must be earned shortly after being hired.
You can also start your own business in Wyoming. This process is largely overseen by the Wyoming Secretary of State Business Division. The first few steps generally consist of choosing an entity type, company name, and registered agent. You can then complete and submit the correct paperwork. While paper forms are available, domestic profit, non-profit corporations, domestic limited liability companies, and domestic limited partnerships have the option to file online. Filing fees for most entities are $100, although non-profit corporations pay $50. Paper filings can take up to 15 business days to process, but businesses created online are active as soon as the application is completed. State sales and use taxes must be paid through the Department of Revenue and all workers’ compensation documentation should be filed with the Department of Workforce Services. It’s also important to note that annual reports about your business are due every year on the first day of the month in which the business was filed.
Potential Careers for Graduates
A degree in business will prepare you for a wide variety of professional employment in Wyoming. Education level often dictates which jobs you qualify for and how much money you will make, but graduates at every level should have little difficulty finding opportunities available in the state.
Job titles, descriptions, and prerequisites may also differ, but some of the most common professions in the field include:
- Business Development Director
- Chief Executive Officer (CEO)
- Content Marketing Specialist / Manager
- C-Suite Professional
- Data Analyst
- Entrepreneur
- Information Technology (IT) Director
- Marketing Manager
- Office Manager
- Public Relations Specialist / Manager
- Supply Chain Specialist / Manager
- Team Leader
- Vice President of Operations
- Account Manager
Account managers oversee advertising and sales interactions with assigned customers. In order to appeal to current and new clients, they often work to develop highly targeted pitches utilizing their extensive knowledge about the products and services offered. These professionals also participate in various planning meetings and demonstrations. According to PayScale, account managers make an average base salary of $57,650 per year. - Administrative Assistant
Administrative assistants perform a wide variety of tasks in order to support other workers around them. They often file paperwork, sort files, conduct minor research, and complete errands, as well as completing tasks related to data entry, billing, inventory, correspondence, and record-keeping. According to PayScale, administrative assistants make an average base hourly rate of $16.25, or approximately $40,150 per year. - Business Analyst
Business analysts help stakeholders make more informed decisions after examining sets of business data and documents. These professionals regularly report data findings and suggest possible adaptations in order to ensure internal departments are more efficient. In some cases, they may be asked to maintain on-call hours or work overtime in order to complete analyses faster. According to PayScale, business analysts make an average base salary of $64,000 per year.
- Human Resources (HR) Specialist
Human resources managers oversee employee benefits and initiative programs for companies and organizations. This entails managing all related policies and procedures, as well as ensuring compliance regulations are met. These professionals also ensure all work-related activities are legal and properly documented. According to PayScale, human resources managers make an average base salary of $68,750 per year. - Operations Manager
Operations managers are responsible for the overseeing the production of goods and/or services for their employers. They work with various departments to ensure that outcomes meet or exceed buyer expectations and frequently help establish related sales and profit goals. These professionals manage business safety, which includes verifying all rules and regulations are followed properly. In some cases, operations managers According to PayScale, operations managers make an average base salary of $68,500 per year. - Project Manager
Project managers are placed in charge of one or more projects, for which they are responsible for setting goals and timelines. They oversee all of the resources associated with their project(s) and must appropriately manage their budget(s). These professionals are also tasked with providing important information and updates to other management teams and stakeholders as needed. According to PayScale, project managers make an average base salary of $75,000 per year.
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