Business management is a field that appeals to many students. After all, every business needs managers, so it seems clear that management students will be able to land jobs upon graduation. That may not be a guaranteed outcome, but there are many terrific jobs students can land with a business management degree; and here are some of the highest paying business management degrees.
Students should keep in mind that, because there are many different sorts of business managers, there are also many different business management degrees. Students may focus on hospitality management, for instance, or information technology management. Marketing, finance, and human resources students will also have management potential as they pursue successful business careers.
Business management careers can be entered into in many ways. For some, simply working up from an entry-level position can result in a satisfactory business management career. However, for certain success, there are more steps that students should consider.
One of the most important steps along the way to success in business is earning an education. During one's high school years, it’s important to go as far as possible with mathematics, while also taking advantage of any business-related electives offered. These days, some high schools offer the option of taking dual-credit courses at a local community college. This may provide an opportunity to take accounting, marketing, or business management courses.
A college degree is probably the best launchpad for success in business. Some may start with an associate business management degree from a local community college. This is a great approach, but a bachelor's business management degree is the optimal kicking off point. During a business management degree program, students should consider at least one business management internship program.
Finally, business management degree students should aim for a master’s degree. A master’s business management degree, or an MBA (Master of Business Administration) is a de facto requirement for upper management jobs in business firms.
Students always want to know if a college degree is worth it. While there are never any guarantees that a business management degree is worth it, it’s always good training for life. It may also be the case that a business management degree is not suitable to one's immediate environment. In fact, most students find that they must move away from home or their college's town to start their business management careers.
Sometimes, this will mean that students end up working in industries or businesses that they didn't initially intend. While this may seem sub-optimal for some, many students find that exploring a new industry is a welcome way to learn and develop their business skills and knowledge. In fact, the industry one starts in isn't necessarily where one stays forever. Many students return to school for their MBA after two or three years and then leverage both their experience and their master’s business degree into their dream job in their dream industry.
Ultimately, while there is no career guaranteed by a business management degree, a college education is one thing that never goes away. The knowledge from a business management degree can serve the student in various ways for a lifetime, even if not in the way they initially desire. That can even mean in ways that far exceed expectations.
Business management is a field that will continue to grow alongside the economy. Every business needs management to oversee operations, marketing, human resources, and other aspects of a business venture. Thus, many management sectors will grow as fast as average, according to the Bureau of Labor Statistics (BLS).
There are exceptions, of course. For instance, BLS data reflects great growth in some areas. Computer and Information Systems Managers are slated to experience 15% growth in the years between 2022 and 2032, yielding 86,000 additional jobs in the sector. Naturally, IT is still an area that is experiencing phenomenal growth. Older industries, such as lodging, will add 3,400 new jobs between 2022 and 2032, a 7% increase.
Without going through each employment sector, as defined by the BLS, it's safe to say that business management is an area that will grow somewhere between 5% and 7% over the next nine years (as of this writing). This can be a good basis for confidence for business management students who are seeking positive outcomes upon graduation.
Students who are interested in business management can start focusing on their preferred industry while still in school. There are programs that cover business management in a general way, but there are business management degrees that focus on specific industries or fields such as human resources, construction, hospitality, and even sports management.
There are many ways to get a job in business management. Some businesses will bring new managers on from their existing pool of workers. Other businesses that have a more complex system have management training programs that recruit the best college graduates to onboard along with a new team of management professionals. Future management professionals can take steps to support their long-term success.
One of the best ways to get a job in business management is by earning a business management degree. This can be an associate degree, a full four-year undergraduate degree, or a master’s degree, including an MBA. Those who start with an associate degree can do very well when they start off with an entry-level position. They may need more training later, but a two-year degree is often enough to impress an employer when a management position opens.
Bachelor's business management degrees may be the sweet spot for students. Employers love to take on new managers who have a full four-year degree for their management training programs. Further, bachelor's business management degrees offer students the opportunity to expand their knowledge base with courses in related fields, such as accounting or economics, while also taking specialized courses in the industries they care the most about. Those with degrees in this field can work in human resources or as a marketing manager or sales managers.