Listen to this article now
Are you considering pursuing a business degree but wondering what kind of career opportunities it could lead to? You’re not alone. With so many options available, knowing which path to take can be challenging. However, with that said, what you can be sure of is that a business degree will provide:
- A strong foundation for various in-demand jobs
- Potential for career growth
- Financial stability
- Personal fulfillment
An MBA is among the most sought-after degrees globally. The number of MBA students in the US in the 2020-2021 academic year totaled 187,000, out of which 34% were international students, according to the Graduate Management Admission Council,
Pursuing Masters of Business Administration Online
A business administration degree can be a game-changer for your career. It can open doors to exciting job opportunities, from executive-level positions to entrepreneurial ventures. It can do so by helping you gain the skills, knowledge, and network you need to succeed in the fast-paced business world. All in all, it can provide a truly transformative experience.
For students who lack the opportunity or access to classroom-based education or simply want to manage their time better by pursuing their degree online, there are many online MBA degrees available. In fact, online MBA programs are becoming more popular than ever. According to a report by the Graduate Management Admission Council, nearly 3 in 4 online MBA programs saw an increase in applications in 2020, with consulting, healthcare, and technology as the top three most preferred fields.
The Southeastern Oklahoma State University online MBA program is an excellent opportunity for students seeking a career in healthcare and information technology. The program is designed to equip students with the skills necessary to manage complex healthcare systems, make data-driven decisions, and implement innovative solutions to improve patient outcomes. Graduates will be well-positioned to pursue a range of high-demand careers. With its flexible and comprehensive curriculum, the MBA in Healthcare Information Systems program at SOSU provides a unique blend of business management and healthcare information technology curriculum that prepares graduates for leadership roles in the healthcare industry.
Top 8 In-Demand Jobs You Can Get with an MBA Degree
Let us delve into the various job opportunities available with a business administration degree, along with their salary ranges and projected growth rates. With this information, you’ll be better equipped to make an informed decision.
Financial analysts analyze financial data and help businesses make informed decisions. They review financial statements, market trends, and other data to determine a company’s best course of action. They can work in various industries, including banking, finance, insurance, and real estate.
The median annual salary for financial analysts is around $95,570, and the job outlook for this profession is strong, with a projected growth rate of 9% between 2021 and 2031.
Marketing managers create and execute marketing campaigns that drive business growth. They develop strategies to promote products and services, manage budgets, and work with other teams to ensure that marketing efforts align with overall business objectives.
A business degree can be a great foundation for a career in marketing, as it provides a solid understanding of consumer behavior, market trends, and branding.
Their median annual salary is around $133,380, with a projected job growth rate of 10% over the following decade.
Human Resources Manager
Human resources managers are responsible for recruiting, hiring, and managing employees. They work in harmony with other departments to ensure that the company is staffed with the right people and that employees are supported and engaged. They also develop and implement policies and procedures related to employment and labor laws.
A business degree focusing on human resources can prepare graduates for this role, along with strong interpersonal and communication skills.
The median salary for this job is around $126,230 annually, and the job outlook is projected to grow by about 6% in the next decade.
Operations managers are responsible for ensuring that a business runs smoothly and efficiently. They manage teams, oversee logistics and supply chain management, and work to improve processes and reduce costs. They also monitor performance metrics and make data-driven decisions to optimize business operations. Strong leadership and problem-solving skills are a prerequisite for this role.
Operations managers find jobs in industries like manufacturing, transportation, and healthcare.
They earn a median salary of $97,970 annually.
Business analysts are responsible for analyzing business operations and identifying opportunities for improvement. They use data to develop recommendations for streamlining processes, reducing costs, and increasing revenue. They also work with other teams to implement these recommendations and monitor the results.
A business degree with a focus on analytics can prepare graduates for this role, along with strong quantitative and problem-solving skills. Business analysts can work in healthcare, finance, and technology, among other industries.
The median annual salary for business analysts currently stands at $83,953. The projected job growth is 5% over the next decade.
Management consultants work with businesses to help them improve their operations and achieve their goals. They assess business operations, develop strategies to improve efficiency and profitability and provide guidance and support to help companies implement changes.
Management consultants can work in various industries, including healthcare, finance, and technology.
On average, they earn around $93,000 per year. The projected growth rate is 11% from 2021 to 2031.
Sales managers are responsible for overseeing sales teams and driving revenue growth. They develop and implement sales strategies, set goals, and monitor performance metrics to meet sales targets. They also work with other teams to ensure that products and services meet customer needs. Strong communication skills are a must for this role.
The median annual salary for sales managers is around $127,490. The job outlook has a projected growth rate of 5% in the following decade.
Entrepreneurs are individuals who start and run their own businesses. They identify opportunities, develop business plans, and secure funding to launch their ventures. They also manage day-to-day operations, hire and manage employees, and work to grow their businesses. According to the Global Entrepreneurship Monitor 2019/2020 Report, there are over 582 million entrepreneurs worldwide, of which 31.7 million are US-based and account for 99.9% of businesses in the country. The TEA (total early-stage entrepreneurial activity) rate is 21.3%, meaning that more than one-fifth of adults worldwide are engaged in entrepreneurship. The top three industries for small businesses in the US are healthcare and social assistance, professional and technical services, and retail trade, as revealed by Small Business Administration.
To become a successful entrepreneur, you will require a willingness to take risks and persevere in the face of challenges. This can be a challenging and rewarding career path, with the potential for significant financial and personal rewards in the long, steady run.
Earning a business degree can offer a wide range of career opportunities across many industries. Whether you’re interested in finance, marketing, or entrepreneurship, you will find a role tailored to your personality. The key is to identify your interests, build your skills, and stay focused on your goals. By pursuing a business degree, you’ll gain a strong foundation in business principles and a versatile set of skills that can be applied in various contexts. It will prepare you for the challenges and opportunities of the modern workplace.
Never forget that business success is not just about earning a high salary or climbing the corporate ladder. It’s also about making a positive impact on the community and the world. As you embark on your career, stay committed to your values and vision, and never stop learning and growing. With hard work, honesty, and a passion for making a difference, you can build yourself a rewarding and fulfilling career.