Reasons for Majoring in Business Management
Higher Education Articles May 7, 2014Receive information about a bachelor’s degree program in Business Management and its career outlook, career choices, wage outlook, and training choices.
Majoring in Business Management
Students enrolled in Business Management bachelor’s degrees are taught about planning, organizing, and directing the activities of numerous types of organizations. Students are not only taught to consider the business as a whole but also to consider the economy and other greater external factors that affect the company. Students can select a concentration, such as international business, finance, or marketing, to help streamline their studies. General coursework may include topic areas such as human resources management, accounting, business management, economics, and business law and ethics.
Career Outlook
There is a burgeoning demand for Business Management degree graduates among employers. A job growth rate of 12% was predicted for office managers over the 2012 to 2022 decade (U.S. Bureau of Labor Statistics). Keen competition was also expected with more applicants than job opportunities. A job growth rate of 13% was predicted for human resource managers over the same period (BLS).
Business management students may choose to enter the workforce immediately on completion of the degree. While there are top executives with no more than a bachelor’s degree in the field, companies often fill top executive positions from within the business.
Career Choices
Graduates with a bachelor’s degree in Business Management may choose from different work options in several industries such as manufacturing, hospitality, insurance, healthcare, and advertising. PayScale listed the ten most popular job options of business management graduates in 2010, which are as follows:
•Human resources generalist
•General manager
•Retail store manager
•Staff accountant
•Human resources manager
•Office manager
•Financial analyst
•Marketing manager
•Financial controller
•IT business analyst
Wage Outlook
In 2010, the average annual wage earned by the middle half of workers holding a Bachelor of Science (B.S.) in Business Management ranged from $33,520 to $86,180. The average annual wages earned by some professionals in the field were as follows:
•Construction project manager: $48,307-$81,854
•General manager: $46,484-$86,180
•Human resources manager: $49,796-$69,815
•Operations manager: $48,447-$74,883
•Restaurant manager: $36,198-$54,776
•Retail store assistant manager: $33,520-$49,108
•Retail store manager: $35,016-$53,056
Training Choices
Business Management degree programs are shaped to allow students to earn their degrees from home or online formats. Accreditation is given to online and home-based Business Management programs; the same goes for on-campus programs. Financial aid is also available to students; access to student services, instructional support, training equipment, and books might be covered within tuition.
