Getting Down to Business

A business degree can open up a whole world of employment opportunities to you. A master’s degree in business administration, also known as an MBA, can open even bigger doors. Regardless of the type of business in which you're interested, a business degree can teach you the mechanics of business operations that are vital to the success of any organization. The field is also ripe for consulting work, which can offer great flexibility for working mothers.

A Range of Options

Every company, organization or business needs professionals who are educated in how the business world operates. From business planning, financial analysis, marketing and consumer science, a business degree can position you as a vital cog in the business wheel. Business degrees can also put you on the management track, particularly if you specialize in a particular area of business, paired with a far-ranging knowledge of business operations as a whole.

Job Descriptions

People who earn business degrees generally have good organizational skills and are adept at math, communications and analyzing complex data. A business degree also gives you an understanding of how consumer marketing trends evolve, how to problem solve and how to work in collaboration across various departments in an organization. Here are a few common jobs in business.

Business analyst: A business or marketing analyst helps a company determine what types of products are most likely to be successful by studying market trends and consumer habits. The outlook for this type of position has a much higher anticipated growth rate over the next decade, at 23 percent. This is largely due to the fact that business analysts are in demand regardless of the state of the economy. In good times, businesses want to know how to earn more; in down times, they need to know how to survive and change direction accordingly.

  • Education: Bachelor’s degree
  • Median income: $62,560

Financial analyst: Financial analysts specialize in helping companies, organizations and individuals make informed and educated investment decisions. This involves a high degree of analytical, math and research skills. An MBA or accounting degree can also be useful in this position. The number of jobs in this profession are anticipated to grow at a slightly higher-than-average rate over the next decade, at 11 percent.

  • Education: Bachelor’s degree
  • Median income: $81,760

Sales manager: A sales manager serves as the head of an organization’s sales department, helping to identify and cultivate leads, analyze market trends and data, establish sales goals and develop incentives for staffers. Sales managers are typically involved with the marketing side of operations as well, assisting with the development of sales and marketing strategies as well as sales collateral. Jobs in the sales management arena are anticipated to grow at an average rate over the next decade at 7 percent.

  • Education: Bachelor's degree
  • Median income: $117,960

Marketing manager: A marketing manager helps develop marketing plans and marketing campaigns aimed at business development. A marketing manager typically works in conjunction with sales managers and marketing staffers like copy writers and graphic designers. Essential skills that can be learned in business school include a keen eye for business and an understanding of how to conduct consumer surveys, polls and focus groups to gather data. An average growth rate of 9 percent is anticipated for this field over the next decade.

  • Education: Bachelor’s degree
  • Median income: $127,560

Business owner: A business degree can give you the knowledge you need to become an entrepreneur or business owner. You’ll gain an in-depth understanding of how to analyze business trends, assess product viability, set prices and identify appropriate markets. You’ll also learn how to identify business start-up needs, such as insurance business entity establishment, business plan development, securing operational finances and accounting and legal needs. Earning potential as a business owner varies, depending on the type and size of the business you operate.

  • Education: Variable
  • Median income: Variable

Bachelor's vs. MBA

A bachelor’s of arts in business is an undergraduate degree that takes four years to earn; an MBA, or master’s in business administration, requires an additional two years of education, and is a highly-intensive program of specialized study that positions degree-holders for manager and leadership positions. As such, opportunity and earnings increase with this advanced degree.

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