Wednesday, December 20, 2017
Careers for Business Degrees
It may come as no surprise that business is one of the most popular majors for students seeking a bachelor’s degree. These grads learn the skills they need to land a range of jobs in a wide variety of industries. Below, we highlight some of the fastest-growing, highest-paying jobs for graduates with a bachelor’s in business.
1. Medical and health services manager
Business grads hoping to enter the fast-growing healthcare industry can find positions as medical and health services managers. These professionals—who are sometimes called healthcare executives or healthcare administrators—are responsible for planning, directing, and coordinating the services in a healthcare facility, department, or practice. This might include supervising staff, creating work schedules, and managing finances. Like many jobs in the healthcare industry, this position is growing rapidly, with an estimated job growth of 20 percent through 2026, the U.S. Bureau of Labor Statistics (BLS) states. Medical and health services managers also enjoy high salaries, with an average annual pay of $96,540.
After passing a series of certification exams, students who earn a business degree can become actuaries. These employees help businesses analyze and minimize the potential cost of risk and uncertainty. Most actuaries work for insurance companies, where they are essential in creating policies and determining their premiums. While this is a fairly small industry, the number of jobs for actuaries is expected to grow by 22 percent through 2026, the BLS reports. With this rapid job growth—along with an average annual salary of $100,610—this is an excellent career option for business grads.
3. Financial adviser
Personal financial advisers help their clients meet goals by giving advice on insurance, mortgages, investments, taxes, retirement, and estate planning. More specifically, this can involve helping clients understand the risks and rewards of certain investments, monitoring clients’ accounts to understand their financial habits, and helping clients plan for life events, such as retirement. As the baby boomer population ages and seeks more financial advice, these professionals will be in high demand. According to the BLS, the number of jobs for personal financial advisers is expected to rise by 14 percent through 2026. These employees also tend to earn great salaries, with an annual pay of about $90,530.
4. Financial analyst
Financial analysts assess the performance of stocks, bonds, and other investments to help businesses and individuals make investment decisions. This often involves making investment and portfolio recommendations, analyzing financial data, studying economic patterns, and preparing reports. As new global markets emerge and businesses have access to more data, the demand for financial analysts will grow. The BLS reports that the number of jobs for these professionals will increase by 11% through 2026. This rapid growth, combined with an average salary of $81,700 per year, makes this a popular career option for grads with a bachelor’s in business.
5. Market research analyst
Market research analysts use the mathematics and analytics skills from their business degree programs to study market conditions. In doing so, they strive to understand which products people will want to buy and at what price. Given today’s data-driven economy, market research analysts are in high demand. According to the BLS, the number of jobs for these professionals will grow by a staggering 23 percent through 2026. Additionally, market research analysts earn a comfortable salary with an average of about $62,500 annually.