Is Business Management a Good Major?
Are you interested in pursuing a degree in business management but are unsure what you can do with such a degree? Are you wondering about the pay and job prospects in this field? This article may clear up these issues and help you make a decision.
The Benefits of Majoring in Business Management
Overview of the Degree
Bachelor's degrees in business management teach students how to plan, organize and direct the activities of various organizations. Students not only learn to think about the company as a whole, but to take into consideration larger external forces affecting the company, such as the economy. Students can also streamline their studies by selecting a concentration. Concentrations may include marketing, finance and international business. General course topics in the degree program include business law and ethics, economics, financial management, accounting and human resources management.
Business management is a degree that's in demand by employers. Employment of office managers was predicted to grow by 11% between 2008-2018, noted the U.S. Bureau of Labor Statistics (www.bls.gov). Competition was also predicted to be keen, as applicants will outnumber job openings. The Bureau also noted that employment of human resources managers was predicted to grow by 22% within the same decade.
Business management students also have the benefit of entering the business world immediately upon graduation. Even some top executives have only a bachelor's degree in the field. Often, top executive positions are filled from within an organization.
Many job options exist for graduates with a with a bachelor's degree in business management. Many industries, such as advertising, healthcare, insurance, hospitality and manufacturing, employ graduates of a bachelor's in business management. According to PayScale.com, the ten most popular jobs held by graduates in 2010 include:
- Office manager
- Human resources manager
- Staff accountant
- Retail store manager
- General manager
- Human resources generalist
- IT business analyst
- Financial controller
- Marketing manager
- Financial analyst
The middle half of employees with a Bachelor of Science in Business Management earned between $33,520-$86,180 in 2010, reported PayScale.com. Salaries for some popular jobs in the field included:
- Retail store assistant manager: $33,520-$49,108
- Retail store manager: $35,016-$53,056
- Restaurant manager: $36,198-$54,776
- General manager: $46,484-$86,180
- Construction project manager: $48,307-$81,854
- Operations manager: $48,447-$74,883
- Human resources manager: $49,796-$69,815
Because of the structure of business management degree programs, students can also earn their degrees online or from home. Online and home-based business management programs are accredited just like their on-campus equivalents. Students are eligible to receive financial aid as well. Tuition might cover books, training equipment, instructional support and access to student services.
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