In this program, youll likely learn how to plan and execute small and large projects from start to finish and take courses such as project teamwork and leadership and project risk management. The average salary for industrial production managers is $108,790 per year or $52.30 per hour. Supply chain management is one of the top paying career paths out there. It gives you the necessary knowledge and skills to start and run businesses, manage them effectively, or even buy existing ones, and it teaches you how to reduce the risk that is inherent in any business venture. Political Science. Other schools offer specialized majors within their business school, like finance, accounting, or marketing. In the most prevalent field of study, business, 19 percent (387,900 degrees) were conferred. Andy Kiersz/Business. This position is one of the most popular entry-level roles in the financial services industry and one that exists at any number of . 1. Average Salary: $99,330Projected growth: 11.5%Courses to take: Graduates with a degree in Finance are invaluable to any business venture. They will get extensive knowledge about how online selling services work and ways in which they can be utilized to sell a product or service. Here are some of the most common internships for business majors: Product marketing internship If you're interested in marketing and want to learn more about this field, a product marketing internship can offer you the chance to learn a lot about the field while also picking up some new skills. An MBA degree will provide you with many transferable skills and is versatile enough to appeal to a range of different employees in the world of business and Finance. They do this by solving their organizational problems, evaluating new market expansion programs, or simply adapting to different operation strategies. 20 Most Useless Degrees 1. Undergraduate Degree Fields. According to the CareerExplorer.com, this career should provide moderate employment opportunities for the foreseeable future. If youre interested in a career as a import-export agent or international business analyst, this degree may help you meet your professional goals. Here are some of the most common entry-level jobs for business majors: Financial analyst. Although this major is part of a communications or business school, the curriculum involves much more than just business practices. This versatility of a business related bachelors degree is appealing to many individuals. These courses can help you create a sustainable business plan, develop market strategies, and run a small business. The most common major among American billionaires is economics. Entry-level job titles: Accounting associate, accounting representative, staff accountant, Mid-career job titles: Controller, forensic accountant, management accountant, securities analyst. After looking through 13,211 entertainment business major resumes and millions of job listings, we were able to find which are most preferred jobs by entertainment business major graduates. With all its diversity and usefulness, Business Administration ranks fifth in NACEs list on the top 10 degrees in demand. Financial aid may be available to those who qualify. The most popular advanced degree option for business majors is a master's degree . Students should consult with a representative from the school they select to learn more about career opportunities in that field. It involves courses such as statistical thinking and probability, scientific computing, and technical entrepreneurship. 5 Business concentrations to consider. And the employment of these experts is expected to grow 33 percent from 2020 to 2030, which is much faster than the average for all occupations. Average Salary: $83,048Projected growth: 7.7%Courses to take: Human resources management deals with current and future challenges around employment and the forces shaping workspaces and companys performance. Select from the list of majors that most interest you to jump to that section: Business Administration Accounting Nursing Psychology Communications Marketing Education Elementary Education English Computer Science Finance Criminal Justice Biology Political Science Economics Electrical Engineering History Liberal Arts Sociology Fine Arts By earning a business management degree, you will develop a well-rounded set of professional skills in various fields such as accounting, budgeting, marketing, planning, hiring, and leadership. And the employment of computer and information systems managers is expected to grow 11 percent from 2020 to 2030, which is much faster than the average for all occupations. 2022, The Integrated Postsecondary Education Data System (IPEDS): IPEDS is a system of surveys designed to collect data from all primary providers of postsecondary education. Dentistry. So, yes, they are worth it. Whether a student has the desire to work for a nonprofit, startup, or Fortune 500 company, they can benefit from a business degree. You will also study social responsibility, diversity, and crisis management. Bachelors degrees in purchasing, procurement/acquisitions, and contracts management can prepare students to oversee the design and implementation of business contracts and closely examine their efficiency. According to The National Association of Colleges and Employers, employees who have a Master of Business Administration degree make up to $27,000 more per year. Most Common Jobs for Biology Majors. Students will learn how to create and maintain relationships with audiences, develop products that satisfy consumers needs, and promote a brands mission. Accounting majors learn how to guide a businesss financial decisions. By comparison, here are the median annual wages for people in other professions: Many business programs require the completion of specific college courses before you can declare a business major. If you enroll in this degree program, you can gain strong leadership skills as well as a broad understanding of how to operate a nonprofit and for-profit business. The median annual wage for business and financial occupations was $72,250 in May of 2020, which was higher than the average for all occupations, according to BLS. "}},{"@type":"Question","name":"Do Business Majors Make More than Engineers? 2. Managerial skills are constantly on the need, and these consultants advise upper management on how to enhance their companys performance. Average Salary: $62,900-$137,020Projected Growth: 8.75Courses to take: Business administrators are the people who keep businesses on track. You may have also heard the term international trade or commerce. Management information systems are the data mechanisms that business leaders use for decision-making. 2019, College Majors and Careers: Job Relatedness and Compensation of 199293 and 200708 Bachelors Degree Recipients 4 Years After Graduation, 2019, Going Back to College: Undergraduates Who Already Held a Postsecondary Credential, 2019, NCES Blog: Classification of Instructional Programs and the 2020 Update, 2017, Beginning College Students Who Change Their Majors Within 3 Years of Enrollment. Besides, nowadays, you can manage multiple companies and their businesses even remotely. Doctor's degrees conferred by postsecondary institutions, by field of study: Selected years, 197071 through 201920, 2022, IPEDS Summary Tables. Administration can encompass everything from finance and economics to marketing and operations management. For this, a career in project management is demanding as good project managers are the most sought professionals of this industry. International business majors examine business relationships and processes in the global market. $43,000. Some choose to pursue a designation such as the Certified Financial Analyst (CFA) or Certified Financial Planner (CFP) to advance their careers. 4. Tourism and travel services management degrees are intended to teach students how to design travel and tourism plans, solve problems in the travel and hospitality industry, and enhance the guest experience through critical thinking. The main goal of an undergraduate degree in operation management and supervision is to prepare students to evaluate an organizations objectives, review their internal and external environments, and design effective management tactics to achieve the organizations goals. 5. This degree provides you with all the necessary knowledge and skills related to how businesses work, and how you can contribute to their international success. Several examples of courses in this type of degree include small business ventures, marketing strategies for small business, and customer relationship management for small business. Entry-level job titles: Marketing associate, social media marketer, assistant media planner, Mid-career job titles: Market research analyst, digital marketing specialist, marketing manager, Learn more: What Can You Do with a Marketing Degree? Detail may not sum to totals because of rounding. According to the U.S. Bureau of Labor Statistics, logistics make about $76,270 per year or $36.67 per hour. The degree also emphasizes managerial leadership skills. As a human resources management student, you will learn about labour laws and industrial relations policies, analyzing current issues in work and employment, managing diversity, solving problems in the area of human resource management, as well as negotiating. A Bachelors degree in business administration focuses on how businesses work and develop leadership skills. These professionals have the most career options open, and it is a position that pays well over$140,000per year, according to the U.S. Bureau of Labor Statistics. Here are additional common business majors that may align with your career goals: Economics majors examine the intersection of business, policy, and the economy. This core coursework is typically designed to highlight key transferable skills across all areas of business. Through this major, you will be equipped with the right set of skills to run a business on a global scale. However, it is also essential to be a business leader if you wish to ascend the management ladder. 12% Mathematics, General. Reducing Dependencies On The Founding Team. Auditor Auditors analyze the financial accounts of organizations to ensure compliance with regulations and internal policies. Many students go on to further their studies at the postgraduate level. There are many jobs out there paying six figures to graduate students. The employment of supply chain management professionals is expected to grow by 30% from 2020 to 2030, much faster than the average for all professions (US Bureau of Labor Statistics). Business is one of the most popular majors, accounting for over half of bachelors degrees awarded annually. Percentage distribution of bachelors degrees conferred by postsecondary institutions in selected fields of study, by sex: 201920. Entry-level job titles: Operations research analyst, business analyst, information systems manager, Mid-career job titles: Business intelligence analyst, director of information technology, information security director. By studying marketing research, you can develop the skills necessary to work as a market research analyst or marketing specialist and help organizations make informed business decisions. And the employment of these professionals is expected to grow 14% from 2020 to 2030, faster than the average growth rate for all occupations, BLS reports. Your job roles can include: market research, product buying decisions, and Web design or maintenance, so it might not be the easiest business major to choose. If you decide to pursue this degree, youll be able to use quantitative, qualitative, and problem-solving skills to achieve the financial objections of organizations. Do you have an entrepreneurial spirit? Minors: College minors are a series of about four or five courses in a designated subject area. Florida State University (Tallahassee, FL) 20. I understand that my consent is not required to apply for online degree enrollment. According to the US Bureau of Labor Statistics, the median annual wage for jobs in business and finance in the United States was $76,570 in May 2021. Advertising If you're an advertising major, you may hope to get into digital marketing, e-commerce, or sports marketing. If you select an entrepreneurship/entrepreneurial studies degree, you may take courses such as project management, product development and innovation, and business ethics. Competency-based ExcelTrack programs may allow you to earn your degree faster and for less money, Average Annual Job Openings, 2016-26: 78,700, Average Annual Job Openings, 2016-26: 24,400, Average Annual Job Openings, 2016-26: 3,400, Average Annual Job Openings, 2016-26: 56,800, Average Annual Job Openings, 2016-26: 29,000, Average Annual Job Openings, 2016-26: 210,800, Average Annual Job Openings, 2016-26: 10,700, Average Annual Job Openings, 2016-26: 33,400, Average Annual Job Openings, 2016-26: 25,400, Average Annual Job Openings, 2016-26: 21,300, Average Annual Job Openings, 2016-26: 76,700, Average Annual Job Openings, 2016-26: 32,500, Average Annual Job Openings, 2016-26: 11,700, Average Annual Job Openings, 2016-26: 4,200, Average Annual Job Openings, 2016-26: 9.8%, Average Annual Job Openings, 2016-26: 141,800, Average Annual Job Openings, 2016-26:38,000, Average Annual Job Openings, 2016-26: 81,300. Copyright 2021 Worldwidelearn.com. E.g. Some common for finance majors who are new in their careers include: Financial analyst Glassdoor salary range: $49,000-$89,000 Investment advisor Glassdoor salary range: $52,000-$115,000 Those with a marketing degree may choose to pursue an MBA. However, one of the hardest business majors is thought to be Accounting. Undergraduate finance majors typically take courses such as accounting, financial markets, international finance, and financial statement analysis. The hard evidence out there is that pre-law and criminal justice majors do worse on the LSAT and have worse outcomes when applying to law school. This job requires excellent interpersonal skills and a strong understanding of business principles. 1. Consider becoming a Psychology major if you are fascinated by how people tick. Entrepreneurship majors focus on leadership strategies for new business ventures. The most common business major is Business Administration, which emphasizes every aspect of business. So, yes, they are worth it. While some students begin with an associate degree in business and transfer to a bachelors business degree program, others head straight towards pursuing a four-year business degree. Nursing Informatics: Whats the Difference? A project management degree is worthwhile if you like to manage people, workflows, costs, and supplies. These professionals operate small businesses or major corporations, and they analyze a businesss strengths and weaknesses, figure out the best ways to make a profit, and steer companies through difficult situations. Most Common First Jobs for Finance Majors Getting acclimated to the finance industry tends to start with roles that hone the basics for new recruits. If you want a degree with less math, go for a BABA (BA in Business Administration); if you want a degree with no creativity requirements, go for Economics and Finance majors. Experience world-class education online with more than 175 programs at associates, bachelors, masters and doctoral levels. These organizations are great for networking and gaining valuable resources. Here is the breakdown. These professionals create and maintain efficient operations and ensure a safe working environment that meets strict regulations. They are the go-to professionals for all matters related to government policy, international relations, and important business decisions. Here are the 10 most popular college majors based on NCES data. The accounting and business/management major was designed for students who would like to help various organizations manage their finances so they can solve business challenges. Effective communication is key in all types of business, but marketing is particularly important for those seeking careers in the fashion industry. Glassdoor. Explore our list of popular college majors and let it lead you to a college that's right for you! According to a survey from the National Association of Colleges and Employers (NACE), business majors dominate six of the top 10 most in-demand bachelors degrees [2]. Students with a passion for design, art, and advertising may choose to major in marketing. There's a lot to learn about managing a business or department. According to the BLS, "Employment of business and financial . While an entrepreneur may not be a typical business professional, its essential to be a good business professional. Once you complete an organizational leadership program, you can work in employee training and development, business consulting, human resource management, strategic planning, corporate communications or project management. Learn more about common business majors and the associated career paths graduates may decide to pursue. With an undergraduate project management degree, you may work as a project manager, program manager, or business analyst in healthcare, manufacturing, online services, education, or virtually any other industry. Online media is a particularly ripe landscape for advertising majors. Students in business majors have a lower rate of employment and are more likely to be unemployed or underemployed than their counterparts with a non-business degree. They can learn how to develop strategic marketing plans that are based on strong research and proven sales tactics. Disclosure: EducationDynamics receives compensation for many of the featured schools on our websites (see Sponsored School(s) or Sponsored Listings or Sponsored Results or Featured Graduate School(s). Some of the topics that you will encounter during your bachelors degree in investments and securities degree include investment planning, hedge funds, financial reporting and policy, and so on. Bachelor's degrees conferred to females by postsecondary institutions, by race/ethnicity and field of study: 201819 and 201920, 2022, Digest of Education Statistics 2021, Table 323.10. If you complete this degree, you may be well prepared to work as an operations manager, logistics manager, supply chain manager, purchasing manager, or production manager. Getting a Web Development Degree at the University of California at Berkeley. What is the Hardest Business Major?The difficulty of a business major depends on a number of factors including natural talents, chosen courses, and school. Which Business Major Makes the Most Money?The highest paying business careers relate to the majors of Entrepreneurship, E-commerce, Marketing, and Finance, according to the Bureau of Labor Statistics. Economics follows in second place. Regardless of your specific concentration, a business degree can set you up to pursue lucrative career options. "Too general" was the most common complaint about this major. The demand for these professionals has never been greater; the world is drowning in data, and graduates working in this field are valuable for businesses who are eager to use this data to increase their sales and profit. Organizational leadership helps influence organizations and manage change in rapidly changing work environments. This is certainly not an exhaustive list, but these five fields makes up some of the most common business concentrations out there. Student organizations: A few examples of student organizations that cater to business students include: Beta Alpha Psi (an international society geared toward accounting and finance). In addition, you might be prepared to sit for a certification exam to become a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), Certified Financial Manager (CFM) or Certified Internal Auditor (CIA). 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