As a business management degree holder looking ahead to 2024, you have ample options for an exciting, high-growth career. With your broad business acumen and leadership capabilities, doors can open to management, consulting, and analysis roles across diverse industries.
The business management skills you honed in your studies – strategic planning, project management, data analytics, finance, and more – equip you to deliver value in any role. Whether you envision yourself leading teams or charting your own entrepreneurial path, a business management degree offers flexibility.
In this article, learn about four business management degree jobs projected to be in high demand in 2024. Discover how your degree can prepare you for these emerging opportunities.
Overview of a Business Management Degree
A business management degree typically requires 120 credits of coursework, which takes four years of full-time study to complete. Core courses provide a broad overview of business concepts and functions. Students can expect classes in areas such as:
- Accounting: To understand how to manage business finances and evaluate financial statements.
- Economics: To gain insight into how markets and economies work.
- Marketing: To learn how to identify target markets and develop strategies to reach them.
- Human Resource Management: To understand how to recruit, support, and retain employees.
- Business Law: To know how legal principles apply to business ownership, transactions, and operations.
Concentrations
Many programs allow students to concentrate in a particular area of business, such as finance, marketing, human resources, or healthcare management. Concentrations usually involve taking three or four elective courses in the chosen focus area. For example, a finance concentration may include advanced courses in topics such as investments, corporate finance, and financial modeling.
Internships and Networking
Internship opportunities and networking events allow students to gain real-world experience. Internships expose students to a potential career path and help build skills. Networking events are a chance to connect with professionals currently in the field. Developing a mentor relationship with someone established in the student’s area of interest can be particularly valuable.
Career Prospects
A degree in business management prepares students for various entry-level roles within organizations. Some options to consider include: project manager, human resources associate, sales representative, financial analyst, and marketing associate. Salaries vary significantly based on the specific position and a graduate’s work experience. However, according to the U.S. Bureau of Labor Statistics, the median pay for management occupations in the U.S. is over $100,000 per year.
The business management field provides many promising career opportunities for students with the skills and drive to advance into leadership roles. With the proper coursework, networking, and experience, graduates can find success in a wide range of business professions.
Top Business Management Jobs to Consider in 2024
1. Human Resources Manager
As companies grow, the demand for human resources managers to oversee the hiring and managing of personnel also increases. Human resources managers plan and direct the administrative functions of an organization. Their duties include recruiting, interviewing, and hiring new staff; consulting with top executives on strategic planning; and serving as a link between management and employees. According to the Bureau of Labor Statistics, the job outlook for human resources managers will grow by 9% through 2024.
2. Operations Manager
Operations managers oversee the key activities that produce goods and services in a company. They help organizations run efficiently by managing staff, budgets, and ensuring compliance with business policies and government regulations. Operations managers typically need a bachelor’s degree in business administration, management, or a related field. The Bureau of Labor Statistics projects operations manager positions to grow by 2% through 2024. Operations managers earned a median salary of over $100,000 in 2018.
3. Management Analyst
As businesses work to improve efficiency and solve organizational problems, they rely on the expertise of management analysts. Management analysts, also known as management consultants, propose ways to improve an organization’s structure, efficiency, and profits. Although a bachelor’s degree in a business-related field is typical, some positions may require only a master’s degree in business administration. According to the Bureau of Labor Statistics, employment of management analysts is projected to grow 14% through 2024, much faster than the average for all occupations.
4. General and Operations Managers
General and operations managers oversee key activities of organizations to ensure they run efficiently and profitably. They plan, direct, and coordinate operational activities of companies and organizations. Most positions require a bachelor’s degree and several years of related work experience. The Bureau of Labor Statistics projects employment of general and operations managers to grow by 5% through 2024. General and operations managers earned a median pay of over $100,000 in 2018.
In summary, business management jobs like human resources managers, operations managers, management analysts, and general managers are in high demand. With the right education and skills, these rewarding careers offer job security, high pay, and opportunities for growth.
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FAQs
What kinds of jobs can I get with a business management degree?
A business management degree prepares you for a wide range of careers across many industries. Some of the top jobs for business management majors include:
- Project Manager: Oversees teams and ensures key projects are completed on time and within budget. Project managers made a median salary of $122,000 in 2019.
- Operations Manager: Manages the daily operations of an organization, including overseeing staff, budgeting, and ensuring maximum efficiency. The median pay for operations managers was $100,000 in 2019.
- Management Consultant: Provides advice and recommendations to help organizations improve their productivity, efficiency, and profits. Management consultants earned a median salary of $85,000 in 2019.
- Human Resources Manager: Oversees hiring, training, and employee relations for an organization. The median salary for HR managers was $116,000 in 2019.
- Market Research Analyst: Researches market conditions and analyzes data to determine potential sales of a product or service. Market research analysts made a median salary of $63,000 in 2019.
What kinds of courses will I take?
A business management degree typically requires courses in areas such as:
- Accounting: Learning how to analyze financial statements, prepare budgets, and understand financial operations.
- Finance: Understanding financial markets, investments, and how to make data-driven business decisions.
- Marketing: Developing strategies to identify target customers and promote products and services.
- Management: Learning leadership, teamwork, project management, and how to motivate and evaluate employees.
- Business law: Understanding legal issues that affect business such as contracts, regulations, and compliance.
- Economics: Learning how markets work, what affects supply and demand, and how economic forces drive business.
- Statistics: Gaining skills in data analysis, modeling, and using statistics to make business forecasts and decisions.
