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.

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The Benefits of Majoring in Business Management

Overview of the Degree

Bachelor's degree programs 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.

Career Information

Career Benefits

Business management is a degree that's in demand by employers. Employment of office managers was predicted to grow by 12% between 2012-2022, 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 13% 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.

Job Options

Many job options exist for graduates 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 most popular jobs held by graduates in March 2014 include:

  • Office manager
  • Human resources manager
  • Retail store manager
  • Operations manager
  • Human resources director
  • Administrative assistant

Salary Information

The middle half of employees with a Bachelor of Science in Business Management earned between $33,546-$121,169 in March 2014, reported PayScale.com. Median salary ranges for some popular jobs in the field included:

  • Buyer (non-technical): $35,773-$81,877
  • Office manager: $32,445-$60,440
  • Executive assistant: $35,357-$74,865
  • Human resources generalist: $33,546-$65,646
  • Operations manager: $40,260-$107,188
  • Human resources manager: $39,449-$87,866

Training Options

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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Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics

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