Most people in the process of choosing a field of study in university often consider how they might be able to apply their studies in the real world. “What kind of career will I be able to have if I study ____?” is usually a prime consideration.
Unlike law, accounting or medical degrees, a Business Management degree doesn't seem to be as specific in suggesting a potential career. Because of this, Business Management may seem vague or just not as interesting as others as a programme choice.
However, once you explore just how useful it can actually be in not just one, but several industries, you just might choose a Business Management programme for the sheer number of possibilities for applying your studies in the workplace.
Business Management Degrees Offer Flexibility
Both business and management are essential aspects of the workplace in any field or industry, and in all organisations of any size. Whether you end up working in a huge conglomerate or run your own SME, you're going to need business and management skills to succeed.
These skills include
● Business Ethics
● Critical Thinking
● Problem Solving
● Project Management
● Resource Management
This makes a Business Management degree applicable virtually anywhere, giving anyone who has completed one added flexibility in choosing or switching careers. If you want to pursue a university education but are not 100% decided on your career path, Business Management studies give you a chance to reflect and weigh your options while gaining relevant skills and knowledge.
There Are So Many Possibilities
Here are just 40 of the possible careers you can enter after completing a Business Management degree, and a short description showing how you might apply what you have learned.
While accountancy is a specialism in its own right, Business Management studies do cover accounting to some extent, even as they provide you with a broader business perspective. You can either specialise in accountancy after completing a Business Management programme, or take up Business Management to complement your accounting degree.
This field needs Business Management degree-holders when it comes to its account management and business strategy aspects. Your expertise will come in handy when understanding the client's business needs and planning ways to meet the client's objectives.
It's precisely because Business Management has very little in common with art that this field needs professionals who have studied it. Running art galleries, holding auctions, organising exhibits and other related activities need the skills you acquire at a Business Management programme.
Closely related to accounting, auditing involves making sure that the financial statements of an organisation are correct and comply with financial reporting regulations. An auditor must be able to understand and evaluate the organisation's business and operations as well as check and confirm its accounts.
A Business Management degree is one of the academic qualifications of choice among banks looking to hire. The maths and critical thinking skills you acquire while pursuing your degree will be essential to your career.
- Brand Management.
Closely related to marketing and advertising, brand management is all about creating and developing a brand to sell a company's products and services and to set it apart from the competition. A keen understanding of the industry and its business dynamics will be needed for a career in this field.
- Business Analysis.
There is no way efficiency can be achieved without a thorough analysis of the operations or processes involved. This is where the analytic thinking skills you develop during a Business Management programme will serve you in good stead.
While it falls to scientists and engineers to produce industrial chemicals, it falls to the business managers to help make sure that these chemicals reach the industries that need them in a manner that is profitable for their producers.
Business Management graduates play a key role in helping people stay in touch, by helping to run the organisations responsible for mobile phone and internet services.
In working together with architects, designers and other property development personnel, business managers are crucial to ensuring that there are adequate resources for completing a project on time, and that the project becomes profitable.
This involves giving advice to other people, usually other businesses. You generally work with a team in finding ways to improve a business' operations or to enhance its efficiency.
- Data Science.
Businesses are increasingly becoming reliant on data to provide insight and inform decision-making. While IT studies are needed to become a specialist in this field, a Business Management degree facilitates the understanding of a business needed to come up with the solutions suggested by the data.
To maintain and increase their profitability, defence companies need Business Management experts to show customers how their technology can perform and be delivered on time within a budget.
This involves the physical transport and storage of goods and materials, either in-house or as a solutions-provider. Managing trucking, shipping or air freight networks, or offering such services to other businesses will require Business Management expertise.
- Environmental Science.
A Business Management degree will help you to apply environmentally sound practices in the workplace.
A Business Management degree will prove useful in the marketing and retail aspect of the fashion industry.
You may apply your Business Management skills in banking, investment, fund management, trading and other related fields. You may opt to augment your studies with another, more specific programme such as economics.
- Government Services.
If you have a Business Management degree and you're considering a job in government, your career path may include positions as a contract or information administrator or coordinating manager.
- Human Resources.
Positions in this field require a firm grasp of business principles and operations as well as interpersonal and communication skills.
A Business Management degree can help you secure a job as an insurance underwriter, which involves accepting or denying applications for insurance coverage. You would be working with risk managers, insurance brokers and actuaries.
While law is, of course, a field of study in itself, Business Management studies can prove useful if you decide to take up law later on. Businesses need corporate lawyers to help them remain competitive as well as compliant.
Closely related to distribution, this involves the transfer of information related to inventories, purchase orders and deliveries. The skills you learn in a Business Management programme will be essential to keeping all this information organised and updated.
This involves transforming raw materials into components used in making finished products, or the products themselves. A Business Management degree will help you in overseeing this process which involves planning and budgeting.
Closely related to advertising and brand management, marketing will require you to write reports and to analyse while conducting market research, coming up with marketing plans, and liaising with clients.
Though widely regarded as a more of a creative or entertainment field, media is actually a multi-billion-dollar industry that relies heavily on business and managerial savvy. On top of traditional and digital media such as movies, TV, video games and online content, this field also includes publishing and journalism.
Yes, it is possible to pursue a medical or healthcare career even after obtaining a Business Management degree. Though business or management may seem to have nothing to do with becoming a doctor at the outset, a well-developed business sense and project management experience will serve you well in, for instance, overseeing hospital processes and systems.
Charities or non-profit organisations also need Business Management specialists to help them in fundraising and budgeting. Degree-holders may also work as volunteer coordinators.
Closely related to manufacturing, production is more focused on the finished products. Business Management studies can help you find ways to make the production process more efficient, such as lessening the amount of materials needed to produce a fixed amount of goods.
- Project Management.
Business Management programmes hone the skills that are crucial for success in project management, which include putting a team together, planning, budgeting, overseeing progress, and seeing a project through to its successful completion.
- Public Relations.
Business Management degree-holders are often found in public relations, which makes perfect sense when you consider how businesses rely on PR to enhance their credibility and earn the trust of their customers.
- Real Estate.
Becoming a real estate broker or agent is one possible career path to follow after completing a Business Management programme, although further studies may be needed for gaining knowledge in property valuation, law, community planning and other related fields.
Closely related to distribution and sales, retailers sell the goods that are supplied by the distributors. Companies may fund your business studies if you are working in retail as part of your career path.
- Risk management.
The analytical skills and business insight you developed during your Business Management Studies will be helpful in advising organisations on how to identify potential problems and mitigate risk. You must be able to understand the organisation's business structure, processes and objectives, and to report your findings and recommendations to stakeholders.
There are many opportunities for Business Management degree-holders in sales, including office work, client-facing roles, and travel. If you'll be travelling, the understanding you have of international business will be invaluable.
- Social Media.
Many companies prefer their social media managers to have a Business Management degree because of how the various platforms may be used for an organisation's marketing communications, as well as the planning and execution skills involved.
- Stock Market.
As a stockbroker or stock market analyst, you'll be helping individual or institutional investors make smart investment decisions, which involves an understanding of the current business environment.
Closely related to accounting, tax-related positions often involve advising people on paying and saving on their taxes, which are an integral part of managing a business.
Business Management degree-holders are also in demand at water and energy companies because of their need for managers who understand operations, systems and efficiency.
Business managers have a key role to play in helping technology reach end consumers, as the scientists or engineers behind the technology may not have the necessary business acumen to make this possible.
Fitness and wellness experts looking to build a profitable business out of their field of expertise are also advised to take Business Management programmes.
Post-Graduate Students Can Benefit, Too
If you should decide to take up further studies after graduation or programme completion, Business Management studies may enhance your career prospects. You may even focus on a field of specialisation depending on the industry you've decided to enter.
Larger organisations might also be willing to fund further studies for someone with a Business Management degree. Such studies include acquiring professional certifications or licences. Those who have such degrees, licences or certifications might also receive comparatively higher salaries.
Master's in Business Administration (MBA) programmes are generally designed for those who already have an appreciable amount of experience on the job. These programmes go deeper into business management theories and practical applications.
Even Entrepreneurs Will Gain An Edge
While it's one thing to have a big idea for a business, it's quite another to bring that idea to life. Because of the skills that are developed in Business Management programmes, degree-holders are especially equipped for launching their own enterprises.
Students who pursue a Business Management degree with the intention of starting their own business, however, should be aware of the challenges involved. It may take some time and a significant investment before their business takes off, and economic conditions may be unpredictable. To face these challenges, the skill-set they acquire during their Business Management studies will prove indispensable.
EASB Offers Several Options
EASB offers Diploma, Advanced Diploma and Bachelor of Arts (Honours) Top-Up programmes in partnership with leading UK universities, Queen Margaret University, Cardiff Metropolitan University, and the Edinburgh Business School of Heriot-Watt University.
Choose from any of EASB's programmes according to your personal needs—you may complete the BA (Hons) programme straightaway, or start with the Diploma and Advanced Diploma programmes, and top up to a full Business Management degree.
If you have a relevant EASB or polytechnic diploma, or their equivalent, you are welcome to apply. Programme intakes are every February, May, July and October. International students will need to present proof of their English proficiency. EASB grants and scholarships are also available.
Like or share this post with someone you know can benefit from Business Management studies, or learn more about EASB's Business Management programmes at http://www.easb.edu.sg/en/programmes/disciplines/business-management.html