Brought to you by Marymount University:
Is your high school graduation around the corner? It’s the time when most students get bombarded with career-related questions. From relatives and friends to siblings, everyone keeps asking what’s next? While most students know where they want to go for college, they aren’t sure if they ‘ve opted for the right degree. Sometimes, parents pressure children to opt for medicine, whereas at times, they opt for music or arts due to peer pressure.
That’s certainly not how you choose a career. Your career choice must align with your life-long goals, aspirations, and skillsets. For instance, a person who is good with numbers will waste their talent by opting for fine arts.
So, which degree aligns with your skill set? Students wanting to become entrepreneurs, managers, or bankers should opt for a business degree.
Even though business degrees are mainstream, specializations can help you stand out. Perhaps you can do a minor in business resources and a major in finance. It’ll open doors to lucrative opportunities in the corporate world. After all, the market prospects and demand for business grads are skyrocketing.
If you wish to unearth more about this, look below. Here are seven high paying jobs you can land with a business degree:
1. Health Services Manager
Gone are the days when business degrees limited people to corporate employment prospects. Now, you can work as a health service manager by opting for a doctorate in business administration (DBA). Business schools are already offering this program. In addition, some of them have also introduced an online DBA program, so students can study from the comfort of their homes.
This role will allow you to work behind the scenes at a hospital to ensure processes run smoothly. You would get to manage digital records, collaborate with the finance team, and create schedules for health providers. It’s the best choice for anyone striving to make a difference in others’ lives without getting involved in patient care.
2. Financial Manager
Students with impeccable number-crunching skills can step into the finance field. Besides offering profitable returns, this field can open doors to endless learning opportunities. As a finance manager, you’ll be responsible for looking after the company’s financial health. In addition, you’ll help the organization in reaching its short and long-term financial goals. For this, you have to be self-disciplined, inquisitive, and an incredible problem-solver.
Financial managers also have to direct investment activities on behalf of the company. Hence, you should know how to analyze market trends and target the right deal at the right time.
3. Human Resource Specialist
Not having people skills can be a deal-breaker in today’s corporate world. Employers want people who can navigate challenging situations with empathy and flexibility. You can become a successful human resource specialist if you have this skill set. Your job role will revolve around hiring talent for the company. And so, you’ll be taking interviews, screening people, and recruiting employees. Likewise, you’ll conduct training sessions for recruits to familiarize them with organizational policies.
Besides this, you’ll also look after employee wellness and safety. If they have any concerns or complaints, you have to address them with empathy and without being biased.
4. Information Security Analyst
As we move into a digitized world, data security has become a concern for business owners. Hackers have been breaking into networks and stealing confidential information that costs millions to the organization. In response, entrepreneurs are looking for security analysts. These IT experts play a key role in protecting an organization’s network and systems. So, are you good with tech?
As an IT security analyst, you will plan and implement new security protocols to respond to cyber breaches. Likewise, you’ll train employees to navigate new password-protected systems. All in all, you’ll have to identify weaknesses and develop solutions to keep organizational data protected. It might sound like a challenging role, but it’s equally rewarding. On average, information security analysts earn $102,600 annually.
5. Loan Officer
With new FinTech and microfinance banks opening in the market, the demand for loan officers is rising. These officers determine if a bank or FinTech should give loans to an individual or company. Here, your critical thinking and evaluation skills will come into play. You must review applications and financial data to determine if the borrower can repay. Likewise, you have to assess the risk exposure before approving any application.
To fit in this role, you must beware of all borrowing rules and regulations. Also, you have to understand the debt policies and procedures to become a reliable loan officer. Almost all FinTech and financial institutions want their loan officers to have a business degree and loan originator license.
6. Product Manager
These days, product managers have the most creative role in the industry. They get to work on different projects with multiple teams to ensure the success of a service or product. They test the product to determine if it’s fit for the market. Likewise, they also assess the functionality, ensuring the product fulfills market demand.
For this role, you should thoroughly understand the market and consumers’ changing tastes. Likewise, you must have impeccable communication skills to explain to the team where/how their product is lacking and what amendments they can make. Once the project is over, product managers can jump onto the next product, giving them exposure to different industries.
7. Management Analyst
Someone who isn’t afraid of taking calculated risks while solving complicated problems is the perfect fit for a management analyst. These analysts strive to reduce costs and boost revenue through innovation. Hence, you’ll find yourself examining financial data and employee reports as a management analyst. In addition, you’ll have to observe and evaluate employee performance while suggesting organizational changes.
For instance, you can recommend a few changes in procedures if employees feel demotivated due to monotonous work. It will lead to improved organizational efficiency and higher productivity levels.
Believe it or not, a business degree can open doors to endless career opportunities. Whether you want to become a finance or product manager – a business degree gives you all the choices. Similarly, you can kick start your career in the field of healthcare as a health manager. The diverse options allow you to pick a career that aligns with your life goals. Hence, determine which career path best fits your interests and aspirations before making your final choice.