Business Career Guide
Business Career Characteristics
What are the Education Requirements?
How do You Prepare for a Business Career?
What are the Main Business Disciplines?
Business people largely have very similar mindsets and characteristics.
- Able to achieve and thrive in a goal-based environment.
- Team players.
- Able to work well with others, share ideas, create groups and teams that function, work well with other departments or factions of the business.
- Business people have their heads very focused on what they need to do to help the company get further.
- Business people do not slack off and do not sit around idly.
- They are committed to bettering themselves and their company through hard work.
The majority of business positions will require a minimum of a high-school diploma or equivalent, however, in recent years the standards have increased because the jobs offered by businesses became very popular. Associates degrees are also a minimum requirement for many positions.
For most positions, a bachelor’s degree is recommended or required for you to even apply straight out of school. For higher-level positions, master’s degrees or higher are recommended because of the high-stakes position that the business major will be working in, like economics.
The higher the stakes, the more the pay.
Start by taking business courses that are required for your major. Taking a sociology or psychology course might also help you understand the clientele of a business as well.
Check out management courses, marketing, economics, etc.
Try to get an internship with a company, small or large to help you understand where you would fit in best.
The main factions of business are accounting, business management, communications, customer service, e-commerce, economics, and entrepreneurship. They all serve different purposes within the business industry and within the company that they are working for.
An accountant is a very vital role when looking at the way a company or business functions. Without accountants, the business would most likely collapse or run itself into the ground. Accountants deal with the numbers and financial aspects of the business, dealing with payroll for the employees, budgeting, monitoring corporate spending, finding money for bonuses, and so on.
Accountants often work with corporate officials and management to help them with research analysis, data comprehension, and creating reports. They prepare assets, capital, and liability account data by analyzing, formatting, and creating complied reports of the data they have found.
They track and monitor the spending of the company through financial reports and logs to make sure that the business is not overspending on any of its factions or means of production.
Salary: Accountants make an average yearly salary of $71,550, but can range higher or lower.
Typical Entry-Level Education: Bachelor’s degree in accounting recommended/required depending on the business.
Job Outlook: Accounting has a projected growth of 6% from 2018 to 2028.
The role of a business manager is to be the person who leads and supervises the daily goings-on in a business. They are a big part of leading their employees and co-workers, as well as handle tasks to keep the company and its employees on task.
Business managers work to foster productivity and efficient work in the company while trying to use creative resources to better and further the advantages of the employees and the company as a whole.
Besides supervising their employees, they also have a part in evaluating the way the company works and creating strategies to make the work environment a better place for their employees, customers, and business in general.
Salary: The average salary for a business manager is $96,940. However, it can range between $30,000 to $120,000 depending on work experience and education.
Typical Entry-Level Education: Bachelors or graduate degree in some form of business administration or a related field.
Job Outlook: Business management is expected to grow 7% from 2018 to 2028.
Communications is the label for the work down by employees in a business who works with the public or the press. They handle the way that information concerning the company they work for is released into the public. This could be when the information is released, in what way, or if a press conference is necessary.
They help to preserve the image of the company through public relations and social media as well, so it is a career that is constantly evolving with technology and the times.
They also have a hand in the marketing and advertising aspect of the business, although not as much as a marketing agent or someone who works in advertising would. They are the people who screen and check everything that goes out into the public with their business name on it.
If something goes wrong, they are the ones who set up or speak at press releases or conferences to explain information to the public or issue an apology on behalf of the business if necessary.
Salary: Average salary for a communications specialist is $116,180 but can range higher or lower depending on work experience and education.
Typical Entry-Level Education: A bachelor’s degree in communications, public relations, journalism, or business is required/recommended for most positions in the communications faction.
Job Outlook: Communications is expected to grow by 8% from 2018 to 2028.
An e-commerce specialist is a person who is an expert when it comes to creating strategies for online sales and the different platforms on which to display and/or advertise the products or services being created or provided by the company they work for.
They help the marketing and advertising departments formulate and initiate search engine and website driven ad campaigns to targeted audiences to increase their chances of making sales.
They must be up to date with all the newest digital marketing techniques and how to use new and trendy forms of social media to funnel in an audience to become customers.
Salary: The average salary for someone who works in e-commerce is $126,640, but can range from $17,000 to $120,000 depending on work experience and education.
Typical Entry-Level Education: Bachelor’s degree in e-commerce recommended, minimum of an associate’s degree required.
Job Outlook: E-commerce has an expected 5% growth from 2018-2028.
Economists are people who monitor and study the economy and the market that their business is working in. The main feature of their job is analyzing the data that they collect from their research in financial and socio-economic fields, and using that data to advise their company.
They create economic forecasts of how the economy will change, where it will grow, and where it will shrink so that businesses can try to invest in markets that will pay them back later.
Salary: The average salary for an economist is $105,020 but can range higher or lower based on work experience and education.
Typical Entry-Level Education: Master's degree in economics required for most positions, bachelor's degrees for lower positions.
Job Outlook: Economics is expected to grow by 8% from 2018 to 2028.
Entrepreneurs are the ones who are responsible for a lot of the creative direction that a company will take. They create plans for the business and then execute those plans as the director.
They help to create new policies, make goals for different factions of the business, meet and work with investors and potential clients to come to agreements. They help to oversee all aspects of the business with a creative and unique eye, especially in sales, products and services, distribution of goods, and marketing. They are the ones who have lots of creativity and use it to propel the company they work for forward towards the future. Entrepreneurs are goal-oriented, team players, and know how to convey their ideas to a room full of people.
Salary: The average salary for someone working in entrepreneurship is $66,688, but can range depending on work experience and education.
Typical Entry-Level Education: Bachelor’s degree in business administration recommended, a high-school diploma or equivalent required.
Job Outlook: Entrepreneurship has an expected growth of 6% from 2018 to 2028.