Today’s workforce is changing.
Pursuing a degree in business can provide you with a versatile set of critical business knowledge as well as a deep understanding of specific fields, including marketing, finance, management and more, depending on your area of specialization.
But, what path is right for you?
From becoming a small business owner to managing an entire team, business majors can pursue a variety of career paths. Overall, business and financial occupations are projected to grow by 7% from 2018 to 2028, faster than the national job growth outlook, according to the U.S. Bureau of Labor Statistics (BLS).
What Can You Do With a Business Degree?
Below are a few career examples for those who hold a bachelor’s degree in business. Job seekers are encouraged to do their own independent research, as requirements may vary from state to state.
Finance & Accounting
A BA in Business Administration with a Specialization in Accounting can provide you with business fundamentals and specialized accounting knowledge, including procedures of internal and public accounting and an understanding of accounting information systems. Potential careers include:
- Financial Analyst – a financial analyst evaluates financial reports and often makes business recommendations, such as investment decisions, based on financial data and knowledge. The job growth for financial analysts is expected to grow 6% from 2018 to 2028, according to the BLS. The median annual wage is $85,660, as of 2018.
- Accountant – an accountant assesses all financial operations of a business, and ensures financial records are accurate and that taxes are paid on time. This position has a projected 6% growth rate from 2018 to 2028, according to the BLS. The average annual wage is $71,550, as of 2018.
A BA in Business Administration with a Specialization in Marketing focuses on fundamental business and marketing principles including how to create marketing strategies, understand consumer perception and behavior and manage growth. Career opportunities include:
- Marketing Manager – marketing managers work to increase sales and profitability by estimating the demand for products and services, developing marketing campaigns and helping companies expand into new markets and acquire new customers. Between 2018 and 2028, marketing manager positions are expected to grow by 8%. The median annual wage is $135,900 as of 2019, according to the BLS.
- Public Relations and Fundraising Manager – PR managers create and manage an organization’s public and media relations programs to maintain a favorable brand image for the company they represent. Job growth is projected at 8% from 2018 to 2028, according to the BLS. The median annual wage is $116,180 as of 2019.
- Market Research Analyst – a market research analyst gathers and analyzes market data to provide information for product design, marketing campaigns and opportunities for market growth, including new products, new retail locations or changes needed throughout delivery or the supply chain. Growth is projected at 20% between 2018 and 2028 with a median annual wage of $63,790, as of 2019, according to the BLS.
A BA in Business Administration with a Specialization in Management presents an overview of the disciplines of management, including staffing, strategy, planning and leadership as well as focusing on managing in a global economy. Career options include:
- Management Analyst – management analysts are responsible for improving an organization’s efficiency and performance in a variety of areas. They often specialize in a particular area, such as technology, corporate structure or inventory management. Management analysts positions are expected to grow by 14% between 2018 and 2028, according to the BLS, and the median annual salary is $85,260 as of 2019.
- Sales Manager – sales managers create sales goals and training programs for sales representative. They direct and lead sales teams. The median salary for Sales Managers was $121,060 as of 2019, and the projected growth between 2018 and 2028 is 5%, the BLS says.
A BA in Human Resources Management focuses on business fundamentals such as accounting, finance, marketing and more, while incorporating specialized human resources topics such as hiring and recruitment, training and development, and compensation and benefits.
- Human Resources Manager – human resources managers plan, direct and coordinate an organization’s workforce, including employee benefit programs, recruitment, training and development, hiring, and directing disciplinary procedures. According to the BLS, 7% career growth for HR managers is projected from 2018 to 2028. The median annual salary as of 2019 is $116,720.
- Benefits Administrator (Benefits Manager) – a benefits administrator (benefits manager) designs and administers a company’s benefits program to all employees in accordance with company goals. Additionally, this specialist makes recommendations for insurance and retirement plans and negotiates for programs that align with company objectives. The projected growth for compensation and benefits managers is 3% from 2018 to 2028, according to the BLS. The median annual income is $112,270 as of 2019.
- Training and Development Manager – training and development managers develop direct and coordinate programs to enhance the skills and knowledge of an organization’s employees. The BLS says positions are expected to grow by 8% between 2018 and 2028. The median annual salary is $113,350 as of 2019.
What Other Jobs Can You Get With a Business Degree?
Career opportunities within business continue to expand in other sectors as well. Those with business skills are also needed in information technology and healthcare. Additional careers in those sectors include:
- Computer and Information Systems Manager
- Database Administrator
- Assistant Hospital Administrator
- Healthcare Services Manager
Florida Tech offers a variety of business programs to meet the needs of today’s workforce. Want to learn more about our 100% online business degrees?
National long-term projections may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth. Business program options do not guarantee career or salary outcomes. Students should conduct independent research for specific employment information.