Applied Management Majors: Salary and Career Facts
Students enrolled in applied management programs learn the basics of business and leadership through business-intensive courses. Learn more about the requirements of applied management programs, career options for graduates and earning potential.
What Does Applied Management Majors Do?
Graduates with applied management degrees may purse a variety of different management careers. Some of these careers involve helping individuals and organizations manage assets and investments. Others, included supervising employees, managing services and keeping budgets. The level of management you may go into depends on the degree you earn. Most require a bachelors degree, though some only require a high school diploma or equivalent. Take a look at the following chart for an overview of a couple of these careers.
<table border="1"><tr><td> </td><td> <b>Food Service Managers</b> </td><td> <b>Financial Managers</b></td></tr>
<tr><td> <b>Degree Required</b> </td><td> High school diploma or equivalent </td><td> Bachelor's degree</td></tr>
<tr><td> <b>Education Field of Study</b> </td><td> N/A </td><td> finance, accounting, economics or business administration</td></tr>
<tr><td> <b>Key Responsibilities</b> </td><td> supervise cooks and servers, keep a fresh stock of supplies, hire employees and maintain customer satisfaction </td><td> prepare financial statements, assess market trends, review financial reports and make financial decisions</td></tr>
<tr><td> <b>Job Growth (2020-2030)</b> </td><td> 15% </td><td> 17%</td></tr>
<tr><td> <b>Median Salary (2020)</b> </td><td> $56,590 </td><td> $134,180</td></tr>
</table><h3 id="section---WhatIsAppliedManagement">What is Applied Management?</h3><p>Applied management is a field of study that examines the ways in which management skills are used in a variety of businesses. This field is often pursued by those in technical fields who already have the necessary hands-on skills. If your background is in <a href="https://learn.org/articles/Bachelors_in_Health_Care_Administration_Salary_and_Career_Questions_Answered.html">health care</a>, hospitality, retail, business, or a number of other areas, studying applied management can help you to advance your career to administrative roles.
</p><h3 id="section---WhatWillILearnInAnAppliedManagementProgram">What Will I Learn in an Applied Management program?</h3><p>A degree in applied management will prepare you for a leadership position with many different businesses. You will develop accounting, economic and business skills that allow you to make decisions, work with numerous employees and understand technologies common to many work environments.
</p><p>Some of the business subjects you may come across during your studies include accounting, business law, organizational behavior, microeconomics, managerial finance, communications and marketing. Other management courses that will aid in the business field are business forensics, information technology, financial planning, global markets, strategic planning and international business.
</p><h3 id="section---WhatJobsCanIApplyFor">What Jobs Can I Apply For?</h3><p>With an applied management degree you can apply for many different jobs. You could pursue a position as a manager, cost estimator or trainer, to name a few. You can also consider careers in property management, health care management, food service management and hospitality management. Many employers in these career fields accept bachelor's degrees for entry-level positions.
</p><h3 id="section---HowMuchCanIEarn">How Much Can I Earn?</h3><p>Depending on what area of work you decide upon, your salary will vary. This also varies depending on the industry you choose to go into as well. The following chart is a list of different occupations and their median yearly salaries as of May 2018. This data reflects info from the U.S. Bureau of Labor Statistics (<i>www.bls.gov</i>).
</p><p></p><table border="1"><tr><th>Position</th><th>Salary</th></tr>
<tr><td>Financial Manager </td><td>$134,180</td></tr>
<tr><td>Property Manager </td><td>$59,660</td></tr>
<tr><td>Lodging Manager </td><td>$56,670</td></tr>
<tr><td>Food Service Manager </td><td>$56,590</td></tr>
<tr><td>Cost Estimator </td><td>$66,610</td></tr>
<tr><td>Administrative Service Manager </td><td>$98,890</td></tr>
</table><h3 id="section---WhatAreSomeRelatedAlternativeCareers">What Are Some Related Alternative Careers?</h3><p>Given you have a lot careers to chose form, depending on their level of education, there are a lot of related fields and careers available for consideration. Loan officers for example have to be able to analyze financial records before they can approve loans. Operations research analysts analyze companies and organizations to come up with ways to solve problems and make them more productive. Top executives main purpose is to come up with ways to make companies meet their goals.</p>