Sometimes taking care of your family means taking care of yourself. Your decision to earn your degree is as much for you as it is for them. This is why you want to choose a career that will not only support your family, but also allow you to enjoy going to work everyday.
Considering a degree in business management is a great place to start! It is understandable, though, to have questions—the most obvious of them being: what can you do with a business management degree?
The answer isn’t as simple as you might think. It is important to note that business management isn’t only for professionals who desire to supervise a team. The education you’ll receive while earning a business management degree is versatile and can prepare you for a wide variety of roles in the business world.
We used real-time job analysis software from Burning-Glass.com to examine more than 540,000 positions requiring a business management degree over the past year.* We then identified the five jobs in highest demand based on degree level.
Most common business management jobs with an associate degree
The chart above illustrates a large gap between employers desiring applicants with an associate degree and those with a bachelor’s degree. The difference between the two might seem harrowing, but keep in mind that employers often list their preferred level of education in job postings. Often times they are willing to hire qualified applicants with slightly varying education levels.
Earning your associate degree in business management can take less than two years and wouldn’t burden your family as much financially. Learn about the job descriptions and earning potential for positions requiring an associate degree:**
1. Sales representatives: $24,970 - $110,690/year
Sales representatives work with both a company and its potential and existing customers to promote the sale of company products. This can include working behind the scenes for small businesses as well as representing the front lines at a local.
2. Stock clerks: $17,040 - $37,540/year
A stock clerk’s duties include receiving store products, maintaining and stocking merchandise displays, monitoring inventory and assisting customers in their buying experiences. Working as a stock clerk requires a healthy balance of people skills and independent productivity.
3. Administrative assistants: $20,370 - $49,370/year
Workers in this field are expected to perform routine clerical duties such as database management, updating and filing necessary paperwork, scheduling and confirming appointments with clients and directly assisting supervisors when asked.
4. Human resources specialists: $33,240 - $96,470/year
Human resources (HR) specialists are responsible for an array of tasks, including maintaining, hiring and employment records, scheduling new employee orientations and updating important HR documents such as performance evaluation forms and employee directories.
5. Bookkeeping, accounting and auditing clerks: $22,020 - $55,170/year
Workers in these realms focus on monitoring and maintaining a company’s financial records. Duties typically include coding documents according to procedure, recording and summarizing numerical data on behalf of the company and reconciling any financial discrepancies found all while complying to federal, state and company policies.
Most common business management jobs with a bachelor’s degree
The career opportunities are exponentially higher for those with a bachelor’s degree in business management. The good news is that you can earn your bachelor's in as little as 18 months! Here’s a look at what your career options and salary ranges could look:
1. Sales representatives: $37,300 - $145,730/year
The primary responsibilities of sales representatives include identifying prospective customers based on research conducted and business-related events attended, maintaining customer records and contacting new and existing customers to both discuss and meet their business needs—this can consist of everything from negotiating prices to preparing contracts.
2. Sales managers: $53,770 - $155,090/year
Sales managers are responsible for what happens behind the scenes. This includes planning, directing or coordinating the actual distribution of a product to the customer. Sales managers are also responsible for establishing sales territories, analyzing sales statistics and assisting in the training programs for new sales representatives.
3. Human resources specialists: $33,240 - $96,470/year
The general duties of an HR specialist include hiring new employees, interpreting HR policies and procedures, maintaining employment-related records and often conferring with management in both developing and implementing policies and procedures.
4. Financial analysts: $48,100 - $152,420/year
Financial analysts conduct qualitative analyses concerning a company’s finances and investments. This is done by composing charts, graphs and spreadsheets; forecasting business, industry and economic conditions through analysis of financial information; determining the prices at which a company should offer its product to the public market; and recommending and preparing investment plans through use of financial analysis.
5. Management analysts: $45,200 - $145,920/year
Management analysts spend their work days gathering data concerning problems or procedures within a company. They then analyze the collected information to conclude possible solutions or alterations. New procedures are designed based on interviews conducted with employees, on-site observation and close study of company documents.
What this means for you…
Exploring your options before making a final decision is important. If you still have some lingering questions about which path you should take, check out this guide to a career in business management.
If you’re confident that business management is the right path for you, head over to the Rasmussen College business management degree page for more information. Better yet, if you have an associate’s degree you may be able to complete your bachelor’s degree for as little as $9,900. If you’d like to learn more about how you can potentially save time and money while providing yourself a chance at new business opportunities visit our Flex Choice Degrees Page.
*Burning-Glass.com (Analysis of 542,738 job postings requiring business management major AND bachelor’s degree OR an associate degree, June 13, 2013 – June 12, 2014)
** Job descriptions and salary ranges courtesy of the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition. Salary data represents national, averaged earnings for the occupations listed and includes workers at all levels of education and experience. This data does not represent starting salaries and employment conditions in your area may vary.