Where do you see yourself in 5 years?
Because of the broad focus of the Business Administration studies, it may remain unclear till the very end what kind of profession you will end up starting at after you have finished your Masters. To help clear this up we have created a list of 5 popular jobs Business Management graduates can be found doing after leaving University.
As a business administration student you attain a lot of skills that are useful in your professional life. Examples are that you are trained at dissecting business problems with your critical thinking and analytical skills. You have been educated to gather, organize and represent data and use this to build an argumentation. In addition, you will create a global perspective and appreciation for various different cultures in business practices.
The careers we have highlighted have been chosen not only looking at your average salary, but also at further career opportunities and possibilities to climb the corporate ladder. We have analyzed the fit between the career characteristics and your individual study program and this is what we came up with:
Market Research Analyst – Median salary $62,150 in 2015
Help companies in deciding what to sell, what their target group is and how they should promote this. They design surveys and do market research to discover what consumers to target their products at. There is work available in a variety of industries, either in consulting firms or directly for the own employers.
Some of the soft skills you need are verbal communication, critical thinking and analytical skills. Further career opportunities you will receive is guiding your own projects and working for bigger clients as your knowledge improves.
General Manager – Median salary $66,600 in 2015
As a general/business manager you are responsible for the strategy, people, budgets, financial outcomes and structure within your business unit. You are the top executive. This career path will bring you to large and mostly multinational organizations. General managers oversee the daily operations and coordinate the performance goals.
The most important skills for any manager, but especially for general/business managers are planning and organization skills, communication and decision making competence and technological know-how. This however is a career that you will have to climb the corporate ladder for, and gain a lot of experience in the process.
Actuary – Median salary $96,700 in 2014
Actuaries perform calculations with which they determine the probability of various outcomes. By using computer software, they generate data and create reports regarding these findings. They are the ones that provide information to marketing managers, investment bankers etcetera to support them in their decisions.
Courses such as statistics, economics and corporate finance lie at the basis of this career. They rely on strong mathematical, computer and analytical skills in their day-to-day activities. Opportunities for well-performing actuaries are growing to be a Chief Risk Officer or Chief Financial Officer.
Management Consultant/Analyst –Median salary $87,000 in 2016
A popular career path is the one of the management consultant. In 2008 these consultants held around 747,000 jobs and this number has only grown over the last years. Management analysts/consultants assist a company in changing its structure, increasing its profits or improving the overall efficiency.
Skills important for management consultants are analytical skills, communication and cooperation skills, discipline and good judgment. The job outlook for consultants is good. However, there is a lot of competition within this field and it has become increasingly important to stand out in the crowd.
Human Resource Manager – Median salary $102,780 in 2014
HR managers oversee functions such as compensation, employee relations, recruitment and health at organizations. They try to organize the workforce in such a way that it can meet the future goals of the company. They develop policies for personal issues and see to their execution.
As a HR manager you can find yourself working for all kinds of companies, ranging from non-profit organizations to governmental agencies and private companies. The key qualities of a successful HR manager can be found in the image below.
We hope this article has sparked your interests and perhaps inspired you for the future. Let us know in the comments if you are interested in hearing about more career opportunities!