Benefits Of Getting Business Management Degree

Sometimes taking care of your family also means taking care of yourself. Your decision to graduate is just as important to you as it is to them. That’s why you want to choose a career that not only supports the people you love, but also allows you to enjoy going to work every day.

You’ve had different jobs all your life, but you’re ready to start a career. You are determined to take the steps necessary to establish yourself in the business field, where the options are vast. It’s no wonder you’re considering getting a degree in Business Management to help you achieve this goal.

But what can you do with a Business Administration degree? Either an associate’s or bachelor’s degree in this concentration can provide students with the versatile training necessary to build a solid foundation that can be used in a variety of jobs. Let’s take a closer look at what you can expect as a Business Management major.

What is a Business Management degree? Courses to expect

Before exploring the many business management jobs, it’s helpful to familiarize yourself with the educational elements that help equip students for such positions. The curriculum in a Business Management program encompasses the fundamental business acumen needed to succeed in this dynamic industry.

Regardless of education level, majors in Business Management can expect to learn about business principles, organizational effectiveness, data analytics, relationship management, and more. Let’s take a closer look at the types of courses you can expect at the associate or undergraduate level.

Common Business Management associate’s degree courses:

  • Principles of Finance
  • Business Analysis and Intelligence
  • Human Resource Management
  • Functional and Project Management
  • Customer Service

Common Business Management bachelor’s degree courses:

  • Accounting for Business Managers
  • Business Law and Ethical Behavior
  • Financial Decision Making and Risk Management
  • Dynamic Team Development
  • Organizational Behavior Analysis

Business Management jobs to consider

The courses listed above help equip Business Management majors with a versatile skillset that can be applied to a variety of positions in the field. There are plenty of viable options for both associate’s and bachelor’s degree holders. Let’s take a look at some common careers in business management.

What can you do with an associate’s degree in Business Management?

Earning an associate’s degree in Business Management has the potential to positively impact your job prospects and earning potential. According to the Bureau of Labor Statistics (BLS), associate degree holders earned an average of $6,864 more per year in 2022 than those with only a high school diploma.

That’s good to know, but what opportunities are there for associate’s degree holders? To give you a better idea of what’s available, we analyzed more than 155,000 job openings that required a Business Management Associate degree in the past year.2 The data helped us identify five common job openings that professionals with this degree seek.

1. Bookkeeping, accounting and auditing clerks

Employees in these areas focus on monitoring and maintaining a company’s financial records. Duties typically include encrypting documents as per the procedure, recording and summarizing numerical data on behalf of the company, and reconciling financial discrepancies found, all in compliance with federal, state, and company policies.

2. Administrative assistant

Administrative assistants typically answer phone calls, schedule meetings, update database information, prepare invoices, and manage incoming and outgoing mail. These workers need to be organized and detailed as they are responsible for a variety of administrative tasks that keep businesses running smoothly.

3. Sales associate

These workers can be found in a wide variety of industries: if there is a product or service, companies need someone to sell it. They provide expertise in merchandise, answer customer inquiries and process transactions. Many of these positions have the potential to earn commissions, which can give you a nice boost to your earning potential if you find the right situation and reward structure.

4. Customer service associate

It’s right there in the title: Customer Service Representatives are all about serving the customer. Whether it’s listening to a customer’s questions or concerns, placing orders, providing information about products and services, or capturing details of customer contact information, these business professionals ensure that customers and customers are served. Patience and understanding go a long way in this position, as customer service representatives often listen to customer complaints and work to resolve them.

5. Personal banker

A personal banker handles a customer’s entire relationship with a retail bank. From loans and personal accounts to trust funds and investments, these bankers have a wide range of knowledge about the products and services a bank offers. They can provide great customer service by answering customers’ questions and helping them make the right decision for their finances. They are the central point of contact for customers.

What can you do with a bachelor’s degree in Business Management?

Career opportunities are significantly higher for those with a bachelor’s degree. While a bachelor’s degree is traditionally a four-year investment, there are opportunities to accelerate your bachelor’s degree.3

Since job openings and salaries tend to be higher with a bachelor’s degree, this option is a good choice if you can invest time in education up front. Our job analysis over the same time frame found over 1.3 million job openings requiring a bachelor’s degree in Business Management.4 Learn about the five most common jobs for professionals with this degree.

1. Marketing manager

Marketing managers estimate the demand for products and services that an organization and its competitors offer. They identify potential markets for the organization’s products and oversee a team that develops strategies to maximize profits.

2. Sales manager

Sales managers are the professionals responsible for determining the strategy behind sales initiatives and goals. They resolve customer complaints, prepare budgets, monitor customer preferences to determine the focus of sales efforts, and analyze sales statistics.

Most sales managers direct the distribution of goods and services by assigning sales territories, setting sales targets, and establishing training programs for the organization’s sales representatives. This may also include recruiting and hiring new sales personnel and evaluating their performance.

3. Business analyst

Business analysts spend their workdays collecting data about problems or procedures within a company. They then analyze the collected information to come up with possible solutions or changes. New procedures have been designed based on employee interviews, on-site observation and close review of company documents.

4. Financial analyst

Financial analysts perform qualitative analysis related to a company’s finances and investments. They compose charts, graphs and spreadsheets; forecasting business, industrial and economic conditions through analysis of financial information. They also determine the prices at which a company should list its product on the public market and prepare investment plans that respond to their financial analysis.

5. Account manager

Account managers act as an organization’s personal representative to a customer. They foster customer relationships, work with sales and marketing teams to find new customers, prepare presentations and sales pitches, and communicate customer agendas to the rest of the company.

Depending on their employer, these professionals may work with individual clients or clients representing entire companies. This role also includes monitoring budgets and explaining cost factors to clients.

Where will a Business Management degree take you?

So what can you do with a Business Management degree? As you can see, there are plenty of answers to that question. It all depends on your personal interests and what level of education you can commit to. You can learn more about the education path ahead by visiting our Business Management program page. Alternatively, you can request more information to learn more from a Rasmussen University Admissions Advisor who can help answer all of your questions.

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About the Author: Sazzamul Ahmed