What Types Of Business Degrees Are There – The wheels of commerce turn around us. From the supply chain that feeds the gas station you passed before, to the ads on the website you just visited, those who work in various business roles shape many, many moments in your day.
The range of businesses that shape our lives highlights one of the most exciting aspects of business – there is a role in business for almost every skill set.
What Types Of Business Degrees Are There
Unlike some industries that tend to seek workers with a unique skill set, businesses are a broad category where many types of workers are needed.
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Plus, once you have an idea of where you want to be in business, there are more types of degrees than ever before to help you get there.
Not sure which company role is right for you? Many students who wish to enter the business world begin with a general business administration degree. After obtaining a sample of business establishment, they specialize further on the job or in an academic setting.
Think you’re ready for the big step? Read on to find out exactly what you can do today with a business degree.
The short answer is that the average salary for most corporate positions is well above the average salary for all careers. Also, for those moving into a business structure or starting their own business, the sky really is the limit when it comes to profits.
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Virtually all the richest people in the world have a “business” career. Most got to where they are now by starting their own business and growing it to epic proportions. Or inheriting a business from a family member and helping to run it.
There is no college degree in the world that can turn you into the next Bill Gates, or Elon Musk, or Warren Buffett. But if money is an important aspect of your career choice, you can’t do much better than business.
The bigger answer is that earnings in business sectors depend a lot on your role and experience level. Below we’ll look at earnings by career level in corporate roles.
Depending on the degree level you enter the workforce with, you’ll likely start in an entry-level position. A sample of entry-level corporate positions includes the following.
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Entry-level business development associates are professionals tasked with supporting business goals related to business development. These multidisciplinary roles may involve different tasks in different organizations. However, some commonly cited business development job activities include developing, executing, and evaluating plans to increase business sales. In addition, business development professionals can network and support their clients, as well as communicate and source potential business partnerships.
Business development jobs are great ways to start a corporate career because of their prominence, exposure and multidisciplinary nature. These jobs can often expose young workers to a wide variety of business tasks and allow them to further specialize when the opportunity arises. Parts sales, parts business analyst, part customer service representative, business development can be a great career for the right type of candidate.
Business development jobs are also well paid for an early career role. The median salary for entry-level business development jobs is $49,000, with the top 10% of earners in this role earning more than $74,000.
Entry-level sales rep roles are great for outgoing “people” types who are also entrepreneurial. These jobs often require direct contact with prospective clients, as well as strategizing, scheduling meetings, and tracking sales-related goals.
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There are many advantages and disadvantages to sales representative jobs. Although for the right kind of worker, they can be perfect. Salaries for entry-level sales representative positions are often supported by commissions and bonuses. This means that the pay may be better in sales roles than in other entry-level roles. However, this assumes you hit your sales goals. With monthly and quarterly goals, meeting sales goals can sometimes lead to late nights or early mornings at the office.
Our best advice for those looking to get into a sales role is to choose an industry they are passionate about or know about and are willing to put in the hard work. More than other positions, sales positions are highly dependent on the individual work ethic of the individual involved.
The average salary for entry-level sales representatives is just $42,000 per year. But that comes with an average annual pay or bonus amount of more than $10,000, as well as other common incentives. If you want to transfer your business skills into a very ‘people-oriented’ role, then sales can be a great avenue.
Finally, entry-level business analyst positions are great for recent business graduates who excel in quantitative disciplines and communications. Business analyst positions focus on generating business intelligence to guide important business decisions. This may involve creating or analyzing spreadsheets, large datasets or interviews. Basically, if a company has created a report on a topic, chances are a business analyst was involved.
Bachelor’s Degree In Business & Management
For students of business or other quantitative disciplines, business analyst positions can be an excellent “in” for making career decisions in business.
The median salary for entry-level business analysts is $56,000 with that number nearly doubling for later career stages.
To learn more about different business careers and how they relate to business degrees, be sure to check out the FAQs below:
As corporate employees gain their first years of experience, they typically follow one of two paths: (1) become increasingly specialized in their skill set, or (2) move into management within their assigned job title.
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Although there are too many mid-level business careers that you can list in this article. Below we’ll list the average salaries of low-level managers and more experienced technical roles in the business world.
Additionally, a number of business roles work directly with clients’ money or investments. These roles typically require an advanced business degree and sometimes pass a licensing exam. Some common “money-centric” business jobs, as well as salaries, are:
As you can see, with a few years of experience, there are various lucrative careers in the business world.
Those who work hard during the early stages of their business careers and show potential for leadership positions are likely to find themselves offered management opportunities within a few years of starting their careers.
What Do You Learn As A Business Major In College?
Management is a critical part of every department of business organizations. Managers can work in marketing, engineering, human resources, logistics, sales, engineering, accounting and many other capacities.
That said, many managers first develop skills and knowledge specific to the area they manage. For example, most sales were made at lower sales levels. Many technical managers are engineers.
That said, business degrees can lead directly to management positions. And whatever your path to management, a business degree is ideal for learning many of the interdisciplinary skills required of managers.
Associate degrees are often considered some of the best value among degree types. This is because many state and local community college school districts offer free tuition. Even for programs that are not free at the associate level, tuition is often lower than four-year institutions.
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Many degree-granting member institutions also offer transfer agreements with four-year universities and colleges. This means that students who complete a master’s degree and meet certain requirements are automatically entered into a four-year program. This often allows students to save money on the first half of a four-year program (the membership portion) and earn a four-year degree at the end.
If you perform well in your initial business role for several years, you could well find yourself promoted to management. Many companies require managers to hold a university degree. Even if some don’t.
A bachelor’s degree is the most common entry requirement for a professional career. While students can specialize in an area of practice at the graduate level. The largest number of undergraduate business students pursue an undergraduate or graduate business degree.
Graduate business programs typically require 120 credit hours to complete. Without prior completion of coursework (as in a master’s degree), bachelor’s degrees require approximately 4 years of “full-time” study. Many non-traditional student programs allow students to slow down their time until graduation.
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As with an associate’s degree, bachelor’s degrees require general education courses. These courses help ensure that you can think logically, speak persuasively, write well, and have basic quantitative skills worthy of college study. In addition to general education courses, bachelor-level business degrees will often include courses such as:
Postgraduate level students will also often have the opportunity to specialize in a part of the business. Some of the most common specializations at the graduate level include marketing, human resources, management, accounting and finance.
Jobs that can be obtained with the right qualifications and experience (often in the form of an internship) with a business degree include:
While many career corporate workers return for more advanced education later in their careers, many begin with a business degree. Relevant qualifications