Careers in business are in high demand with many college students turning to management, accounting, finance, and other business-related majors hoping for a challenging and rewarding career with room for advancement. The good news is that there is plenty of need for workers educated in business fields. Even better, there are a lot of positions available in business careers that do not require an MBA, a master of business administration degree.
With an associate or bachelor degree in a business field, you can get an entry-level position in one of several areas. With your education you will also have the ability to start your own business and earn a living as an entrepreneur. From finance to accounting to management, there are so many great careers with business management degree options.
Entrepreneurship – Business Careers That Allow You to Be Your Own Boss
Many people dream of being an entrepreneur. To be your own boss, make your own schedule, and choose what you work on, sounds great to many. Not everyone has the skills and knowledge to start up a successful business, though. To be an entrepreneur means coming up with an idea, writing a business plan to demonstrate how you will finance and get your business off the ground, and then running that business to make it a success.
Market Demand Depends on Your Business
One of the many great things about being an entrepreneur is that your business can be anything you want it to be. As long as you have the business skills and knowledge along with a willingness to work hard, you can be successful. You can also use your knowledge of the market to choose a business idea that is in demand. For instance, health care is one of the most in-demand industries right now. You can take what you learn from the degree program in Health Care Administration from City College and turn it into a successful medical-related business.
Education and Skills
To be an entrepreneur does not technically require any education, but to be a successful entrepreneur requires that you learn a little bit about everything needed to run a business: management, finance, accounting, and project management. The skills you need to run your own business also include intangibles, like an ability to motivate and lead others and a strong work ethic.
In terms of salary, most careers in business are predictable. This is not the case with entrepreneurship. You have the potential to make a lot of money starting a business, but it will likely take time and a lot of work to get there. At least one study on entrepreneurship and earnings found that entrepreneurs on average earn more than employees, even CEOs.
Careers in Business and Math – Accounting
Either an associate or a bachelor degree in accounting can launch your career in this field. Accountants, bookkeepers, and auditors are all business professionals who work with numbers. They work with financial records to ensure accuracy, prepare taxes, record transactions and update statements, and generally assess the financial health of a company. While an accountant or auditor may require additional education or certification an associate or bachelor degree can be initial steps toward certification.
High Demand for Trained Accountants
Careers in accounting are growing faster than average job growth. There are expected to be nearly 150,000 new jobs for accountants and auditors over the next several years. There is plenty of demand for workers who can handle accounts and numbers because it does require some level of training and skill. Currently unemployment among trained accountants is only 2.5 percent, a low number compared to the average.
Education and Skills
While being an accountant does require training, it is not a career in business management, so it does not require an MBA. To get an entry level position in accounting, auditing, or bookkeeping, all you really need is a two-year associate degree. For more advanced positions or to move up in your current position, it helps to earn a bachelor degree in accounting.
Accounting is a great business career choice, not just because of demand for trained workers, but also because of the salary. In 2016 the median annual salary for an accountant was $68,150 with the top earners making over $120,910. Entry-level accountants and those with an associate degree typically earn less, but there is plenty of room to advance and earn more with additional schooling and/or certification.
A Finance Career in Business Management
Careers with business management degrees are varied and can either be specific or more general. One specialization that is very much in demand right now and that can lead to a very lucrative career is finance. Financial analysts, financial examiners, and personal financial advisors are all hot careers right now. Analysts help guide businesses and individuals to make smart financial and investment decisions; examiners make sure companies comply with financial regulations, and advisors work with individuals to help them manage their money.
Finance Professionals Are in Huge Demand
People who are knowledgeable about finance are very much in demand right now. Leading the way is job growth for personal financial advisors, which is expected to be 30 percent through 2024, a rate that is a lot faster than average job growth. Growth for analysts and examiners is also ahead of the curve, with many positions expected to be available in the future.
Education and Skills
To work in finance, you need a degree in business. A general business management degree is adequate to get your foot in the door and land an entry-level position. To advance in finance, it helps to have a bachelor degree, like City College’s Bachelor of Science in Management, or to specialize in finance.
In addition to demand, salaries for finance workers are also high. An associate degree or bachelor degree in management will start you in the industry. With additional education and advancement you could move into positions such as personal advisors making a median annual salary of $90,530, analysts earning $81,760, and examiners who earn a median salary of $79,280.
A career in business management, finance, accounting, or entrepreneurship could be just around the corner for you. All you need to do to get there is get a great education. Business careers start with business degrees like those offered at City College. These degree programs provide you with the foundation of knowledge you need to land your first job, to grow in that job, or to take your own path and become an entrepreneur.