The Go-Getter's Guide to a Business Management Career
You’re the type of person who likes to stay one step ahead. Whether you’re a soon-to-be business management graduate or still considering pursuing a degree in business management, you want to be prepared for what your future holds. Just “going with the flow” is not an option. You want to know what your options are and what your next steps should be.
That is precisely why we created this comprehensive guide to a career in business management. This guide features a combination of expert insight, government information and real-time market intelligence to provide you with everything you need to know to launch a successful business management career.
Use this resource to start creating your plan of attack after graduation so you can outshine your competition and make an immediate impact in the industry!
Top 5 industries to find business management jobs
A business management degree is unique in that it prepares you to work in a variety of fields. But knowing exactly which industries have the most opportunity for business management jobseekers will give you a leg up on the competition.
We used real-time job analysis software from Burning-Glass.com to examine more than 80,000 business management job postings from the past year to identify the five most promising industries for business management professionals.* Here’s what we found:
Includes sales reps, financial managers, loan interviewers and more.
Includes accountants and auditors, architectural and civic drafters, lawyers and research analysts.
Includes educational administrators, elementary and middle school teachers and teaching assistants.
Includes first-line supervisors, claims adjusters, insurance sales agents and insurance underwriters.
Includes hospital management and administrators, nurses, technologists, technicians and more.
Top 10 entry-level business management positions
The next step in planning for your career in business management is to familiarize yourself with the specific positions available to you after graduation. Our business management job analysis helped us identify the 10 most common job titles for individuals with minimal experience. **
Whether you’re selling products or services, sales reps do a whole lot more than knock on doors. They represent their company, communicate value and help achieve their respective company’s goals.
Often considered the “numbers guys”, financial analysts assess the performance of their company’s stocks, bonds and other investments to help guide them into financially responsible decisions.
Much of an HR specialist’s work revolves around employment: recruiting, interviewing, screening and placing workers.
Simply put, accountants ensure money is kept properly monitored. They are responsible for keeping a close watch on the company’s financial records and documents.
These people work hard to ensure a company is being profitable by analyzing efficiency, working to solve problems or improve procedures.
As the title suggests, these individuals supervise and coordinate the activities of their retail sales workers. This may include budgeting, purchasing, accounting and personnel work.
Similar to accountants, auditors usually work with a company’s financial documents in order to ensure the company is in-line with rules and regulations. This is usually in the form of a third-party appraiser.
8. Sales agents
Whether it’s insurance sales, advertising or real estate, sales agents ensure their company is consistently generating new business.
Market research analysts study market conditions to help their company develop the right products and services for the right people for the right price.
10. Sales managers
These individuals usually manage a team of other sales professionals, setting goals and developing plans for the team while analyzing sales data to ensure best practices are met.
Advice from business management gurus
The best way to rise above and beyond your competition is by learning from the pros. Getting firsthand advice from those who have been in your shoes will help prepare you for what’s to come and help you feel confident in your future.
We enlisted some successful business professionals to share some tips and tricks that will help prepare you for a career in business management and put you ahead of the pack. Here’s what they had to say:
Leverage your alumni
Though networking can take place anywhere from a planned event to a grocery store, don’t over-look the people who started their journey exactly where you did—your school’s alumni.
“Networking through Alumni Relations at your college or university is an obvious and wise choice,” says COO of Get Konnected, Nancy Michaels. “Asking for informational interviews before you receive your degree puts less pressure on the alumni who's willing to share their insights with you and you begin to cultivate a viable network.”
Ask yourself if you’re really ready for a management position. If the answer is no, consider how you can hone your skills or accomplish new feats.
“Constantly evaluate your knowledge and skillsets for a management role and fill in the gaps,” says Ian Taylor of Ian Taylor Trekking.”
Show, don’t tell
When it comes to resumes and cover letters, it may seem like listing your experience is enough. To really stand out you should not only highlight the quantity of your experiences but, more importantly, the quality of what you’ve accomplished.
“You need to show, rather than tell, that you are already an effective manager,” says Joe O’Neil, marketing communications manager at The Expert Institute.
The ball is in your court
This guide has provided you with the information and advice you need to succeed in a business management career. Now it’s up to you to take the next step in getting ahead. Start by identifying companies in your area and learning about the positions they offer. Then you can use the tools right in front of you.
Rasmussen College students and graduates can use the Optimal Resume Tool to learn how to create, present, manage and share your professional credentials. Also don’t forget to take advantage of the team of career services experts!
Whatever you do, remember that you’ve gotten yourself this far. Though it may seem overwhelming at times, your go-getter attitude is sure to take you the rest of the way too!
*Burning-Glass.com (Analysis of 81,287 entry-level business management job postings, April 30, 2013 – April 29, 2014)
**Descriptions of job duties courtesy of the U.S. Bureau of Labor Statistics