Where Business Management Can Take You

People often go to business school to build leadership skills and transition into managerial positions.

Business management, according to Indeed, focuses on the “overall management of a business department. People who work in business management are often acting in leadership roles to oversee the day-to-day duties of team members within the business department.”

But what exactly do these roles look like and what paths can a business management degree open for you? Ilana Kowarski, a reporter for US News, recently spoke to experts on what kind of job options are out there for business managers.

VALUE OF BUSINESS MANAGEMENT

A management degree can be applicable to a wide variety of careers.

And that versatility is exactly what makes the degree valuable, experts say.

“Learning general business acumen can open a lot of doors in a lot of different fields,” Sam Olmsted, a Tulane University grad, tells US News. “I went into search engine optimization and content marketing, but other graduates might just as easily go into finance, accounting, sales, government, entrepreneurship, and project management.”

POSITIONS FOR BUSINESS MANAGEMENT

According to US News, a business management degree can be applicable to the following positions:

• Accountant
• Banker
• Business Analyst
• Compensation Specialist
• Executive
• Financial Analyst
• Financial Director
• Human Resources Manager
• Investment Banker
• Management Consultant
• Marketing Analyst
• Marketing Director
• Nonprofit Manager
• Private Equity Analyst or Associate
• Project Manager
• Sales Representative
• Talent Acquisition Specialist
• Venture Capital Analyst or Associate
• Vice President of Finance
• Vice President of Marketing

Additionally, the job outlook for management positions looks good with the Bureau of Labor Statistics predicting that employment for management will be 5% higher in 2029 when compared to 2019.

“Employment growth is expected to be driven by the formation of new organizations and expansion of existing ones, which should require more workers to manage these operations,” according to the Bureau of Labor Statistics. “The median annual wage for management occupations was $105,660 in May 2019, which was the highest wage of all the major occupational groups.”

Sources: US News, Indeed, Bureau of Labor Statistics