What Are Possible Career Paths with a Business Administration Degree? While the following positions are only a sample of the possible careers a student with a business administration degree may pursue, they demonstrate the numerous industries and organizational roles that may be available in the business field.
A sales manager oversees a company’s sales team and is ultimately responsible for revenue production within an organization. Responsibilities typically include setting sales goals, analyzing sales data and creating sales training programs for the sales representatives. Sales managers also project sales and assess the profitability of products and services. According to the U.S. Bureau of Labor Statistics (BLS), opportunities for sales managers are projected to grow 5% between now and 2024.
Business consultants also referred to as management consultants, help companies propose ways to improve a business’s efficiency. They advise managers on how to make an organization more profitable through reduced costs and increased revenue. Management consultants generally organize information about a problem and design a procedure for improvement, recommend new systems and organization changes, and confer with managers to ensure changes are working. The Bureau of Labor Statistics indicates the employment of management consultants is projected to grow 14%, or much faster than average, by 2024.
Financial analysts gather data such as earnings releases, run financial models and make financial recommendations. They develop a solid understanding of a particular business, industry or sector, and they deliver presentations that communicate their investment opinions. Financial analysts fall into two categories: buy-side analysts and sell-side analysts. Buy-side analysts usually work for a pension fund or mutual fund company, where they perform research and make recommendations to the fund’s money managers. Sell-side analysts work for a brokerage or firm that manages individual accounts. Sell-side analysts make recommendations to the firm’s clients to buy and sell certain stocks. According to the BLS, job prospects for financial analysts are projected to grow by 12% between now and 2024.
Market Research Analyst
A market research analyst helps a company understand who their customers are, what products they should be selling, and how they can successfully promote those products. Market research analysts often design surveys and train and supervise interviewers who conduct the surveys. They then analyze the research and report the results to management. Market research analysts work for employers in a variety of industries and for consulting firms. According to the U.S. Bureau of Labor Statistics, job opportunities for market research analysts are projected to grow by 19% between now and 2024.
Human Resources (HR) Specialist
While the primary function of human resources specialists is to recruit, screen, interview and hire employees, most human resources specialists are trained in all HR functions, and therefore they frequently handle other human resources work, such as employee relations, compensation and benefits, and training. These daily tasks could include processing payroll and administering benefits, as well as ensuring all human resources functions are in compliance with federal, state and local regulations. The Bureau of Labor Statistics reports job opportunities for human resources specialists are projected to grow 5% between now and 2024.
Loan officers evaluate, authorize or recommend approval of loan applications for people and businesses. Daily responsibilities could include obtaining, verifying and analyzing loan applicants’ financial information, such as credit scores and income levels. In addition, they review loan agreements to make sure they are in compliance with federal and state regulations. Most loan officers are employed by commercial banks, credit unions, mortgage companies, and related financial institutions. According to the BLS, job prospects are projected to grow 8% between now and 2024.
Meeting, Convention and Event Planner
Meeting, convention and event planners coordinate all aspects of events and professional meetings. Typical duties include meeting with clients to understand the purpose of the meeting or event and then arranging locations, transportation and other details. Before a meeting or event, the planner solicits bids from event venues and vendors, and after the meeting or event, the planner will approve the venue and vendor payments. While most meeting, convention and event planners work for private companies across a wide range of industries, some are employed by religious, civic, food service and professional organizations, to name a few. The U.S. Bureau of Labor Statistics reports job growth for a meeting, convention and events planners is projected to grow by 10% between now and 2024.
Training and Development Specialist
Training and development specialists focus on improving employees’ skills and knowledge by planning, conducting, and administering training programs. Training and development specialists can work in nearly every industry, and they spend a great deal of time with people - giving presentations and leading training activities. Daily responsibilities may include assessing employees’ training needs through surveys, interviews and consultations, and then developing training programs that meet these needs. This often includes writing and editing training manuals, online learning modules and other training course collateral. According to the Bureau of Labor Statistics, the job growth outlook for training and development specialists is projected at 7% between now and 2024.
Are you interested in pursuing a Bachelor of Business Administration program that is both globally recognized and locally accessible? At Mantissa College, we offer just that! Our program is delivered in collaboration with the Ecole de Commerce International (ESGCI), Paris Graduate School of Management, France, providing our students with the opportunity to study in Malaysia and earn a French qualification.
Our BBA program enables post-secondary school applicants with five (5) credits to apply directly into the degree program, without the need for a foundation or diploma program. This program is tailored to equip students with the basics of the business field and provide a diverse and up-to-date program syllabus to prepare them for real-world business situations.
As an alumnus of Mantissa College’s BBA program, Ms. Cathy states, “Thanks to the diverse and up-to-date program syllabus, I am now capable of taking up more projects because I had been exposed to a wider perspective on handling matters from my learning experience.” With over 80,000 alumni worldwide, our BBA program boasts a dynamic global network that could be the edge you need to excel in your career.