If you are considering one of the careers in business then you know that you can never go wrong, it’s really just a matter of choosing the right one for you.

What career options are there in business? You will be surprised to find out that there are a lot of career opportunities out there looking for someone with a business degree, almost every industry needs someone with the skills that a business degree equips you with.

Careers in Business - multi-racial people sitting around a table.

Business Administrator

As a business administrator, you sort of become the jack of all trades. You need to be well versed in the activities of every section of the company. 

You oversee and manage the processes that go in hiring staff, being the link between staff and the executives while making sure that you work to constantly improve business operations, for standardization that will help the business achieve a competitive advantage. 

While often overlooked, this role touches every other role in the company.

Business administrators are essential to every business as they are normally on the frontline reinforcing efficiency in every business operation to drive revenue to the company. Every other role is supervised by the business administrator.

Educational Requirements

The educational requirement for a business administrator depends on the position, what is guaranteed in most industries is that the minimum requirement is at least a bachelor’s degree. Master in Business Administration may be a requirement depending on the position you are applying for.

Skills Required by Employers

Soft skills that a business administrator must possess include, good communication skills, good interpersonal skills, leadership skills, strategy, and an incredible goal setter. As well as analytical skills, problem-solving and being a critical thinker.

Annual Est. Salary

The annual median salary for a business administrator in the US is $86, 000. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Stockbroker

Also known as investment brokers, share brokers, security trading representatives, they also act as financial and stock market consultants. Stockbrokers have clients and with their wealth of knowledge for trading, they trade financial securities on behalf of their clients.

The study financial markets to figure out the right trading times. Stockbrokers have to work very closely with their clients to understand them and to help the clients set sound achievable financial goals.

This means the stockbroker will need to stay up to date with the changing financial regulations, tax legislations, and new financial market trends to help the client maximize their investments and gain the maximum benefits.

Every country is different in how they register and license stockbrokers, however, all countries do require a form for registration and certification in order to operate as a stockbroker, and in most countries, you will need to write a stock broker’s board exam to be licensed as a stockbroker.

If you are considering being a stockbroker, a minimum bachelor’s degree in business will be of great benefit. Setting out to seek an internship in stockbroking in the last year of your studies will be a great way to begin training in the stockbroking industry. 

There is also on-the-job training on entry-level positions where union stockbrokers are supervised and trained by experienced stock brokers.

Skills and Educational Requirements

Key skills for a stockbroker include market analysis skills, mathematical skills, negotiation skills, and leadership skills. As your career advances in stockbroking, you will highly likely be required to upgrade your business degree into an MBA.

Annual Est. Salary

The annual median salary for a stockbroker in the US is $64,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Market Researcher

Market researchers are the advisors to companies about the market conditions that affect the products and services of the company. They conduct research to study consumer behavior and determine the level and nature of the need for company products and services.

The job itself will require the researcher to meet with the company management or companies as clients if you are consulting, to agree on the research projects that need to be undertaken to improve business brand and product offerings.

This means the researcher will formulate a research proposal given the needs of the client, once approved the researcher will collect supporting historical data to guide the research, formulate and design survey questions. 

After the research has been completed the researcher will submit to the company the findings of the research and make recommendations that best fit the direction and goal of the company and ultimately lead the company to improved profitability.

Skills and Educational Requirements

The minimum requirement will be a business degree or related, degrees such as marketing also equip you for market research. Major business trends awareness to make you stay at top of your game and give sound advice, organizational skills, analytical skills, ability to initiate and lead projects, observational skills and ability to work in a team will go a long way as a researcher.

Initially working with experienced market researchers will put you on the right track to learning all you need to know, however also working in other fields like marketing will help you appreciate the need for the market researcher. 

Annual Est. Salary

The annual median salary for a market researcher in the US is $63,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Business Analyst 

careers in business - a computer showing graphs and numbers

Business Analysts deal with small and big companies, they look at the very core of the business by analyzing the business process that is intended and generating revenue for the company.

They provide their business acumen expertise to help the business reach its business goals. They have to be aware of not only the business process of the company but also have a great insight into the client needs that the business is trying to meet.

Business analysts thus assist the company in evaluating its current processes so that they can suggest methods that the company can implement to streamline the process for efficiency. 

They also help the company train the current staff for improvement of service and work closely with senior management for restructuring to the company should they need one.

Skills and Educational Requirements

Key skills that are essential to a business analyst are technical analytical skills, communication, problem-solving skills, and research skills. 

There is a lot of experience required in planning, implementing strategies, and training of staff to be a business analyst, and a business degree will open the path towards being a business analyst.

Annual Est. Salary

The annual median salary for business analysts in the US is $77,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Actuaries

Actuaries perform a lot of mathematical-related work to predict risk. Risk related to a form of insurance or investment. They work with a computer system that produces charts and tables that are presented to insurance departments, management, investment management, and pension fund management to advise of the pricing that should be assigned to policies. The insurance cover prices are highly dependant on the actuaries’ interpretation of risk associated with the undertaken investment or policy. 

Skills and Educational Requirements

Keys skills necessary for an actuarial are mathematical skills, research skills, computer skills problem solving as well as communication and interpersonal skills.

A minimum business degree will suffice for a career in actuaries.

Annual Est. Salary

The annual median salary for actuaries in the US is $100,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Insurance Underwriter

Insurance underwriters work for an insurance company as the key personnel that decides on the terms and conditions for which policies are underwritten. They have to be aware of all risks surrounding the cover they are underwriting for, the actuarial predictions about any changes that could affect the cover as well as the person buying the insurance.

Skills and Educational Requirements

Some of the key skills for underwriting include accounting, finance, mathematics, computers as well as business. All the skills that a business degree covers.

In some companies they also have worth as go-between the insurance company and the salespeople, they inform the sales personnel about the changes in covers and what to heighten during the sales process. They need good leadership skills, teamwork, and communication skills

Annual Est. Salary

The annual median salary for an insurance underwriter in the US is $69,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Operations Management

The operations manager is responsible for designing and streamlining all operations of the company to ensure that the operational processes are efficient and cost-effective. They need to constantly be monitoring and evaluating the operational process to total quality control. 

This helps the company ensure that they are doing its best with the available resources to meet its goals and meet customer needs.

Skills and Educational Requirements

Operations managers need to have very professional relationships with the operations staff to ensure smooth operations and leadership. Great communication skills, lead by example and have a positive attitude.

Studies in a business degree will be very beneficial for understanding the importance of all business processes. Beware the salary implications are dependent on the industry.

Annual Est. Salary

The annual median salary for an operations manager in the US is $100,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Business Development Manager

Business development managers look for opportunities to grow the business in a number of ways. They identify new potential clients and business opportunities that are meant to generate more revenue for the company. 

This means they have to be up to date with the current trends and new developments that could improve the company’s services. They have to train personnel to help them keep up with the changing skills requirements to retain the current client base and attract new ones.

They have to pay very close attention to changing market trends and constantly evaluate the position of the company. As they do their research they have to be very good at strategic planning, taking initiative, and reaching out to prospects as well as understanding the needs of the customers

Skills and Educational Requirements

Must have good organizational skills, sales, and marketing skills as well as strong marketing skills. A degree in business or a master’s degree in business administration.

Annual Est. Salary

The annual median salary for an operations manager in the US is $99,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Product Manager

Product managers are people that the company relies on to understand fully what customers need so that the company can design the type of product that will meet the needs of the targeted audience. The product manager is responsible for laying out price success measures that will indicate the success of the product. 

They have to define the vision of the product and closely monitor the product performance in line with the set goals. They also have to work very closely with the marketing team to ensure the product is being marketed the right to reach its right consumers.

Skills and Educational Requirements

Analytical skills, business skills, research skills, and communication skills are key for a successful product manager. Business degrees offer courses that help individuals who seek to be product owners.

Annual Est. Salary

The annual median salary for an operations manager in the US is $95,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.


Project Manager

Project managers are responsible for planning, organizing, executing, monitoring, and controlling specific projects for the company. Project managers have to manage individuals in a team who are responsible for different tasks that contribute to the success of the project.

Skills and Educational Requirements

Business acumen skills to understand how a project fits into the bigger scheme of the business, initiator skills to be able to lead the project, interpersonal skills, and good communication skills.

A degree in business can equip you with the tools you need to be a good project manager and an education specifically in project management will also be of great help.

Annual Est. Salary

The annual median salary for an operations manager in the US is $75,000 entry-level. Every country’s economic situation is different, so you will need to find out about the specific countries you are interested in.

An investment in a business degree may be one of the best decisions you could ever make. Even if you never have your own business, there are a lot of businesses that need competent business professionals

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