There are many, many different types of business management jobs available today, but which ones are the most popular? Who employs people to perform them? Do certain types of business managers make more money than others? This article answers these questions and more! Read on to learn about some of the most common management positions and how much they earn annually. You’ll also find helpful tips and suggestions on how to become a manager in these lucrative fields!
|Business Management Jobs|
What is business management?
Business management is the art of creating and maintaining a successful business. It covers everything from organizing and delegating tasks, to managing cash flow, to keeping your employees happy and productive.
Business managers can work in almost any industry, but they're most common in retail and manufacturing companies. They are responsible for overseeing all aspects of the company's operations, including sales, marketing and staffing decisions.
Business management managers usually have an undergraduate degree in business administration or finance. They may also earn master's degrees in business administration (MBA) or related fields like industrial engineering or information systems management from accredited universities.
The responsibilities of a business development manager vary by industry. For example, a retail store manager might be responsible for hiring new employees or setting goals for their sales team; a manufacturing plant manager might oversee production schedules or quality control measures; while an office manager might help create policies for employee conduct or lobby for raises on behalf of their staff members.
Business management job description
The owner of the company is responsible for the overall direction and performance of the business. They are expected to provide leadership for the company, including making decisions about its products or services, advertising and marketing initiatives, and organizational structure. These leaders typically have considerable autonomy in making their own decisions without direct supervision from other managers.
Business owner responsibilities:
- To ensure that the business meets its financial objectives by managing and monitoring the financial resources of the organisation.
- To ensure that satisfactory information, both internal and external, is available to enable effective management decisions to be taken.
- To ensure that appropriate planning processes are established and regularly reviewed in order to meet the needs of customers, shareholders and other stakeholders.
- To develop the strategic plan for the organisation which will provide for its long-term prosperity based on detailed market analysis and an assessment of the likely impact of new technologies, legislation and competitor activity.
- To review on a regular basis the key operational areas of the business in order to maintain high levels of morale amongst all staff, improve levels of customer satisfaction, reduce costs where appropriate and improve overall profitability.
What is a business management degree?
A business management degree is offered through many colleges and universities. The curriculum for this type of program typically includes classes in accounting, finance, marketing and human resources. Students can choose to specialize in one or more of these areas by choosing an area of concentration. Business management degrees are accredited by the Accreditation Council for Business Schools and Programs (ACBSP).
In addition to offering courses that will help students gain a better understanding of how businesses operate, many schools also include internship opportunities that allow students to gain valuable work experience before graduation:
- Business management degrees are broad degrees that teach students the skills and knowledge needed to be successful in the business world. Students can choose between associate, bachelor's, or master's degrees, depending on their level of experience and what they want to accomplish after graduation.
- An associate degree in business management focuses on the basics of business management, including accounting, marketing, and human resources. Students who complete this program will be well-prepared for entry-level positions as managers or supervisors in small businesses.
- A bachelor's degree in business management is a more advanced degree that requires students to take classes in marketing strategy and communications, operations management, organizational behavior, financial management and analysis. This degree prepares graduates for careers as managers or directors of large companies.
- A master's degree in business administration (MBA) offers advanced training in strategic planning and leadership skills needed at higher levels of management within a company hierarchy. Students may also choose an MBA with concentrations such as finance or marketing strategy which allow them to specialize further into one particular area of interest after graduation.
Business degree specializations
Business degrees are also known as business administration or management studies. A business degree can prepare you for a variety of careers in the world of business. You can work on the front lines as a salesperson or customer service representative, or work behind-the-scenes as an accountant or financial analyst.
The first step towards choosing the right business degree is deciding what kind of career path you want to pursue after graduation. Do you want to work in finance, marketing or accounting? Or perhaps you're interested in starting your own business someday! Whatever your goals may be, there's no doubt that having a business degree will give you an edge when it comes time for interviews and job opportunities.
There are many different types of business degrees available today including Bachelor's degrees (BBA), Master's degrees (MBA), Doctorate Degrees (PhD), certificate programs and more! The first step towards finding the perfect program is determining which one aligns best with your interests and goals:
- Human Resources
- Health Care Administration/Management
- International Business
- Public Administration
Business is big and you have many interesting options.
Benefits of getting a business degree
A business degree is great for networking, but it can also help you land a job. Business degrees are one of the most popular degree types in the United States, and they're a great way to get your foot in the door at many companies.
Most employers want employees with a bachelor's degree or higher, so if you're applying for an entry-level position with a company, having a bachelor's in business administration (BBA) or another type of business-related degree could help you stand out from other applicants. This is especially true if you have experience working in a similar field—it shows that you understand what it takes to succeed in this industry and have taken steps toward achieving that success yourself.
- A business degree can open doors to many different careers.
- You will have the skills you need to manage your own career.
- Earning a business degree is a signal of commitment.
- Earning a business degree can offer more stability in the job market.
- Business majors are successful in many key areas.
- If you earn a business degree, you will be able to choose and pursue opportunities that interest you.
If you're looking for more advanced positions or leadership roles within your company, having an MBA can really show off your managerial skills while helping you advance your career path. Earning an MBA means that you've demonstrated your ability to think critically about complex issues within your organization and make decisions based on sound reasoning rather than gut instinct alone. This type of thinking is especially important when working within large organizations because there are often hundreds (or thousands!) of employees who need direction on how best to do their jobs each day
Top Ten Business Management Jobs
The following are the most important commercial functions:
1- Chief Executive Officer
Average Salary- $144,000/year. The chief executive officer (CEO) is responsible for all aspects of a company. As such, their salary reflects their many duties. The CEO will generally have an executive team with dedicated members to handle each section of work in their job description; consequently, they can be on top of most business decisions that need to be made quickly.
2- Director of Finance
According to the U.S. Bureau of Labor Statistics, the median salary for a director of finance is $135,750. The growth in demand for directors of finance has been steady over time, with a projected growth rate of 17% between 2012 and 2022 (compared to 9% for all careers). The field is also stable—no major busts or booms are expected any time soon.
3- Office Manager
An office manager is someone who supervises daily operations in an office. They manage everything from office supplies to human resources to budgets and team projects. An average salary for an office manager is $40,000. Business Manager: A business manager manages different areas of a company or organization, like human resources, budgeting, marketing and sales. An average salary for a business manager is $81,000.
4- Operations Manager
Operating managers are in charge of managing daily business operations. If a business runs smoothly, it’s due to their efforts. According to Payscale, operating managers earn an average salary of $95,000 annually. Most organizations have an operating manager at each location or within regional departments. Each location will likely have different managers overseeing various areas, including sales and product development, among others.
5- Human Resources Specialist
A human resources specialist is responsible for overseeing hiring, compensation, promotions, training and employee relations. They help companies keep their businesses running smoothly by managing people. According to PayScale, human resources specialists make $43,146 a year at large companies; however, those working in a small business can expect to earn around $30,000 per year.
6- Assistant Marketing Manager
$48,834 ($27.35/hour) A marketing manager is responsible for promoting a company’s product, branding and image. When you’re applying for a marketing manager position, you should try to emphasize how your personality would complement or supplement your boss’s. The assistant marketing manager position is generally filled by an intern who was given an opportunity to continue in their position after college graduation or after a few years of professional experience in an unrelated field.
7- Strategic Marketing Manager
While strategic marketing managers typically oversee a department, they also take responsibility for its operations. They set long-term strategies based on market research, competitive analysis, product trends, and consumer demographics. (Salary: $104,030)
8- Market Research Analyst
These professionals help companies explore their markets, helping them see how their products are faring in terms of sales, popularity and demand. As a result, companies can adjust what they’re offering accordingly. The median salary for a market research analyst is $54,869 per year.
9- Sales Representative (B2B)
Account management skills are especially important in B2B sales. Salaries for sales reps depend on a few factors, such as employer, industry, geographic location and job responsibilities. Most sales representatives earn between $37,000 and $65,000 per year. However, some may make up to $200,000 annually. It’s not uncommon for experienced professionals to sell their companies’ products internationally to compensate for low domestic salary rates.
10- Customer Service Representative
A customer service representative handles customer complaints and resolves billing issues. According to Glassdoor, a C.S.R. earns $9 an hour on average at a company with 100 employees or fewer, $10 hourly at companies with 101-500 employees, and $14 hourly at companies with more than 500 employees.
Other Featured Jobs for Business Management Certification
Here are other potential professional roles to consider if you have a business Management degree:
- Client services manager
- Project manager
- Human resource manager
- Business manager
- Community manager
- Staff accountant
- Logistics manager
- Account executive
- Data analyst
- Business consultant
What can I work with a business degree?
- Business Consultant
- Financial Manager
- Human Resources Manager
- Insurance Underwriter
- Talent Scout
- Personal Financial Advisor
- Real Estate Appraiser
- Sales Engineer
- Marketing Manager
- Event Planner
- Investment Banker
- Marketing Coordinator
A business degree opens up many doors!