Business Management Majors: Salary and Career Facts

Find out about the types of jobs you could pursue with a business management degree. Read on to learn more about career options along with salary and job growth information. Schools offering Business Management degrees can also be found in these popular choices.

What is a Business Manager?

Managers work in every type of business you can image. The duties of a manager vary from company to company. Managers may be involved in many different areas within an organization. A manager may oversee administration, operations, sales, personnel hiring or purchasing matters. They may motivate and inform employees and resolve any workplace conflicts, in addition to guiding a company to financial growth and success. Most managerial positions will be involved in some type of decision-making role for the company. Read the following chart to learn more about career options and potential wages.

Human Resources Manager Financial Manager General Manager
Degree Required Bachelor's degree Bachelor's degree Bachelor's degree
Education Field of Study Business management
Human resources
Business management
Business management
Key Skills Social, communication, public speaking Financial, detail oriented, math Social, problem-solving, analytical
Job Growth (2014-2024) 9%* 7%* 7%*
Median Salary (2015) $104,440 * $117,990 * $97,730*

Source: *U.S. Bureau of Labor Statistics

What's the Curriculum for a Business Management Major?

A bachelor's degree in business management includes a core component of classes in accounting, finance, law, economics, management and marketing along with your school's general education requirements. In addition, you may select a concentration in an area of business management such as entrepreneurship, human resources management, business law or international business management. Many programs require you to complete an internship as part of the curriculum requirements.

You can earn a Bachelor of Arts (B.A.) or Bachelor of Science (B.S.) in Business Management; another option is a Bachelor of Business Administration (BBA) with a concentration in management. All programs typically have similar core curricula. The B.A. and BBA are sometimes broader programs that may include more liberal arts requirements, while the B.S. can be a more career-oriented program.

What Kind of Jobs Could I Find?

An undergraduate degree in business management can lead to a host of careers. Managing people and business functions are skills needed in a large number of industries.

If you like managing people, you may want a career as a human resources manager, assessing employment needs and ensuring all job openings are filled with qualified candidates. If you prefer working in financial management, you may want to consider working as a financial controller and overseeing all financial activities of a business, including income, expenditures and taxes. The job of a general manager requires establishing employment policies and business procedures as well as overseeing the day-to-day activities of an entire business.

As a business management major you may decide to go into business for yourself. If you choose this path you may be the chief executive officer and be in charge of everything, including finances, operations and human resources.

What Salary Could I Expect?

Your salary is going to depend on the size and type of company you work for and the job you choose. According to the U.S. Bureau of Labor Statistics financial managers earned a median annual salary of $117,990 in May 2015. Human resources managers earned a median salary of $104,440 and general and operations managers earned a median annual salary of $97,730.

What Are Some Related Alternative Careers?

Human resources specialists are integral parts of a company's human resources office. These professionals will screen, recruit and interview potential workers of a firm. They need to be well-versed on compensation and benefits, employee professional development and other human resources related concerns.

Financial analysts are trained to help companies and individuals make sound investment choices. They need to have the analytical skills to assess the performance and risks of bonds, stocks, and other investment options. Financial analysts usually work in an office setting and hold a bachelor's degree to enter the field.

Top executives work in all types of companies, and they are considered to be the highest level of management in a company. Top executives develop strategies and policies to help the company meet its business goals.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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