Do you want to study a Business degree abroad, but don’t know what career opportunities you’ll have after graduation? No worries, we’ve got you covered.
Whether you want to start undergraduate or postgraduate studies, it’s important to consider what you can do with a Business degree. That’s why we’ve looked at some of the most popular Business jobs and created an easy-to-read article with everything you need to know.
Before we start, did you know that Business is one of the most popular academic disciplines in the world? On our portals alone, there are over 13,000 Bachelors, 15,000 Masters, and 600 PhDs in Business & Management.
You’ll see that the type of Business degree matters because it directly impacts your salary. According to PayScale, these are the average earnings in the United States:
- Average salary with an Associate Business degree: 51,000 USD/year
- Average salary with a Bachelor’s degree in Business: 64,000 USD/year
- Average salary with a Master’s degree in Business: 83,500 USD/year
Now, let’s look at what you can actually do with a Business degree:
Associate degrees are most common in the US, although you can also find them in Canada, Australia, and other countries. The main benefits are the lower tuition fees and the time needed to graduate, which is usually 2 years. These are some of the jobs you can have with an Associate Business degree:
1. Assistant Store Manager – 48,000 USD/year
- Provide training and guidance to other employees
- Create and adjust work schedules
- Order new inventory
2. Relationship Banker – 39,500 USD/year
- Provide clients information about banking products and services
- Help clients evaluate their needs and choose the right financial solution
3. Accounting Assistant – 40,000 USD/year
- Perform routine bookkeeping
- Process accounts payable and receivable
- Create reports for insurance billings
4. Sales Consultant – 50,000 USD/year
- Schedule meetings with clients to present the company’s products or services
- Understand the clients’ needs and make product recommendations
- Keep track of purchases and payments
5. Executive Assistant – 54,500 USD/year
- Schedule and oversee the itinerary of an executive
- Handle email correspondence, screen phone calls
- Prepare reports
A Bachelor’s degree is a great way to establish the foundation of your Business and Management knowledge and skills. You can choose from many subdisciplines, including Accounting, Business Administration, Entrepreneurship, Human Resource Management, Project Management and others. After graduation, you’ll have lucrative job opportunities, such as:
6. Operations Research Analyst – 75,700 USD/year
- Support decision makers by performing detailed analyses
- Manage resource allocation based on current and future performance
- Create reports and summaries
7. Business Operations Manager – 73,800 USD/year
- Create strategies that ensure the company’s financial goals are met
- Establish rules and policies that allow employees to participate in financial decisions
- Negotiate business contracts
8. Personal Financial Advisor – 60,800 USD/year
- Help clients evaluate their financial situations
- Create financial plans and ensure clients meet their goals
- Assist clients with other financial tasks (budgets, tax returns, etc.)
9. Compliance Officer – 67,900 USD/year
- Evaluate risks to create preventive and management strategies
- Conduct reviews to check that compliance procedures are followed
10. Management Analyst – 65,800 USD/year
- Analyse and collect data to improve the company’s efficiency and financial growth
- Recommend solutions and action plans
- Create reports detailing recommendations, policies, and strategies
A Master’s degree in Business is the next step you might make after deciding to take your career to the next level. Popular reasons for enrolling in a Business Master’s are taking on a management or administrative position, changing careers, or acquiring specialised knowledge.
It’s also not uncommon for popular degrees, like the Master of Business Administration (MBA), to require at least 2 or 3 years of work experience from the applicants. All the hard work will finally pay off when you take a leadership role, where you’ll inspire the people around you, and earn a salary that reflects your influence, competence, and experience.
11. Project Manager – 73,400 USD/year
- Manage and assign resources to projects
- Assign tasks and ensure staff members understand their responsibilities
- Monitor progress, identify issues and create plans to overcome them
12. Financial Manager – 72,000 USD/year
- Oversee a company’s financial plans, decisions, and transactions
- Develop and implement procedures to ensure the company reaches its financial objectives
Perform financial analysis and create monthly, quarterly, and annual reports
13. Investment Banker – 98,800 USD/year
- Help private, public organisations, or governments raise money through debt or equity
- Offer advice for mergers, acquisitions, and other transactions
- Oversee all stages of the transaction process
14. Regional Sales Manager – 80,900 USD/year
- Oversee and train other sales managers within the district
- Develop marketing programmes to increase sales of products and services
- Establish budgets, strategies, and create periodic sale reports
15. Chief Executive Officer (CEO) – 158,000 USD/year
- Make all major business and executive decisions for the organisation
- Manage and evaluate the performance of other managing staff
- Develop strategies and action plans that determine the company’s direction and development
Famous people with a Business degree
Below you’ll find a list with people who run some of the biggest companies in the world. What do they all have in common? A Business degree.
We’re not saying that a Bachelor’s or Master’s in Business will make you a CEO, but it can definitely help. Being a visionary and a people person are great gifts, but you still need to develop your business knowledge and management skills if you want to take charge of a large corporation.
- Jack Ma, former Chairman of Alibaba
- Satya Nadella, CEO of Microsoft
- Tim Cook, CEO of Apple
- Logan Green, CEO of Lyft
- Daniel Schulman, CEO of PayPal
The road to becoming an entrepreneur
It’s easy to get excited by lucrative Business jobs and forget that you can be your own boss. Jack Ma and Logan Green are great examples because they founded or cofounded their companies. You shouldn’t exclude the possibility of becoming an entrepreneur and creating an organisation that follows your values and vision for the world.
It’s not easy to start a business, and it’s even harder to keep one successful. In fact, 96% of businesses fail within the first 10 years after being created. But that doesn’t mean you shouldn’t try in the first place.
One of the most important lessons shared by successful business-people is to embrace failure. They always mention how they’ve failed more times than most people tried, and that’s why they made it, because they’ve used every lesson to reach their goals. Are you ready to follow in their footsteps and succeed in the business world?