Business majors develop numerous valuable skills and knowledge that allow them to make considerable contributions to companies and corporations worldwide.
Graduates can quantify data, evaluate the impact, and utilize those figures to create proposals.
Students who major in this field can write concisely and clearly while developing analyses and other business projects for classes.
Professions typically require group projects so students can gain value and learn the challenges of working in a team setting, which is prominent in the corporate world.
Keep reading to learn more about the top careers for business majors.
Article Table of Contents
- 1 Best Careers for Business Majors
- 1.1 One: Accountant
- 1.2 Two: Actuary
- 1.3 Three: Business Instructor
- 1.4 Four: Business Reporter
- 1.5 Five: College Admissions Representative
- 1.6 Six: Corporate Attorney
- 1.7 Seven: Financial Analyst
- 1.8 Eight: Fundraiser
- 1.9 Nine: Healthcare Administrator
- 1.10 Ten: Information Security Analyst
- 1.11 Eleven: Management Consultant
- 1.12 Twelve: Market Research Analyst
- 1.13 Thirteen: Operations Research Analyst
- 1.14 Fourteen: Social Media Manager
Best Careers for Business Majors
These are some of the top-paying and most stable career paths for business majors graduating from college:
Accountants are always in strong demand because they help firms finance operations, maximize profits, save money, and follow government regulations.
These professionals tap into the financial skills and knowledge gained in college to make robust decisions about the company’s resources.
In addition, accountants communicate critical business information that colleagues can use to make decisions and operate more efficiently.
Accounting experts also can work on the client side to help investors make the right decisions surrounding investments.
Other responsibilities for those in this role include providing tax and consulting planning services and conducting financial audits.
In addition, many accountants move into senior management roles within the financial division after gaining experience and seniority.
By becoming an actuary, business students with strong quantitative skills can become critical partners in the insurance industry.
The primary responsibilities of an actuary include calculating the probability of risky events such as illnesses, fires, accidents, injury, and death, where insurance companies would be liable for a payout.
To reach this risk number, actuaries use economics, finance, and accounting knowledge while carrying out complicated scenarios based on specific demographic and environmental profiles.
Actuaries use statistical software, databases, and spreadsheets to perform these reviews.
Other traits of those successful in this role include persuasive, presentation, and writing skills.
Three: Business Instructor
Educating high school students about business is an excellent option for recent grads or industry veterans.
In addition to having at least a bachelor’s degree, students must also complete teacher education requirements.
Business majors gain knowledge in accounting, finance, management, and marketing to be effective in the corporate world, and this information can be taught to the next generation of interested students.
Strong interpersonal and verbal skills are required to keep students engaged.
Creating and presenting stimulating lessons are the key to success.
Also, to become a college professor, you must earn a master’s degree with some educational requirements.
Four: Business Reporter
Electronic, broadcast, and print media offer extensive coverage of business- and corporate-related events within the financial sector.
Business majors learn to evaluate industries and companies and then compose summaries of these findings, exactly like reporters.
In addition, students develop the presentation and communication skills required to articulate specific content and details within the business world.
If you’re fascinated by business but prefer to report it rather than conduct business, then becoming a reporter in this sector may be your best career path.
One important note, until you reach higher levels of business reporting, the median pay is low, hovering around $50,000.
Five: College Admissions Representative
Those interested in working under the college umbrella should consider a role in the admissions office.
Admissions staff utilize strong persuasive, presentation, and communication skills learned from pursuing a business degree.
College admissions representatives create marketing plans that promote the university and encourage potential students to apply.
Admissions staff must work with other team members on various projects and deliver programs on time, just like the business curriculum.
This role is considered a sales position for colleges, so business majors with excellent marketing and sales backgrounds and outgoing personalities will succeed.
Six: Corporate Attorney
Attorneys who practice business law benefit from a wide range of business practices and ethics knowledge that business majors gain.
With an undergraduate degree in business, students develop a foundation in corporate law curricula, such as incorporations, business successions, collections, mergers, contracts, securities, and bankruptcy.
The presentation, writing, and research skills gained by business majors can drastically help in the corporate law area.
The median annual wage of corporate attorneys is around $125,000 per year, with an anticipated job growth rate of 4% over the next decade.
Seven: Financial Analyst
The business curriculum teaches students to assess the strengths and weaknesses of companies while analyzing trends across multiple industries.
Financial analysts use these skills to evaluate client investments, industries, and companies by calculating ratios, interpreting financial statements, and writing reports with investment recommendations.
In addition, financial analysts benefit from business coursework in mathematics, economics, finance, and accounting.
The median salary for a financial analyst is around $82,000 annually, and the projected growth is around 5% over the next decade.
Fundraising is an interesting position for those passionate about a specific cause, and who want to apply communication and leadership skills learned during business school.
Fundraisers can work in the nonprofit or political sectors to raise money for a purpose or organization.
While this may sound like a simple task, it extends beyond only requesting money.
Instead, fundraisers must analyze the most important points for potential donors, create compelling and strong messages, train volunteers in best practices, maintain donor records, and organize events and campaigns to gather donations.
While fundraisers come from various academic backgrounds, some of the most successful have degrees in business because of the required organization and skills learned during the coursework.
Nine: Healthcare Administrator
Healthcare administrators must boast extensive knowledge of information technology, ethics, business law, marketing, management, human resources, budgeting, and accounting, all topics in a typical business curriculum.
Business majors interested in this field continue to earn a graduate degree in healthcare management.
The most critical skills in this field include presentation, analysis, communication, and teamwork, all derived from business school projects.
The Bureau of Labor Statistics found that the median income for medical administrators is around $100,000 annually.
This career path has a projected growth of 32% over the next decade.
Ten: Information Security Analyst
Information security analysts are critical in protecting the organization’s network systems and computers.
These IT professionals serve as the gatekeepers for all company information systems or monitor a client’s systems to help safeguard their reputation and protect sensitive data.
Training users accomplish this by utilizing new systems, responding to cyberattacks and breaches, planning and adding security systems and protocols, and identifying weaknesses within the system and security area.
For those who enjoy understanding how systems work, thrive off a challenge, and like to think ahead while being tech-savvy, becoming an information security analyst may be an excellent career path.
Eleven: Management Consultant
Management consultants perform processes for clients, similar to case analysis conducted in business school.
These professionals utilize problem-solving, presentation, teamwork, and analytical skills to complete projects for corporations or clients.
Consultants are experts at finding information, organizing it to look for trends, and creating reports that summarize their findings.
Analysts are also tech-savvy since they must represent and present the data understandable for clients.
Those in this role utilize presentation, database, and spreadsheet tools typically used throughout business school.
Twelve: Market Research Analyst
Market research analysts study the marketplace within a certain industry to determine the employer’s position versus the competition, which helps market products and services.
Since the consumer marketplace continues to expand and evolve, market research analysts must find new ways to delight and engage customers.
This occurs by presenting actionable insights visually appealingly, creating new ways of gathering consumer data, researching products, competitors, and consumers, and monitoring sales trends.
Those best fit for this role are creative and analytical and can take raw data and turn it into a clear story.
Thirteen: Operations Research Analyst
Those opting to become operations research analysts will utilize critical thinking skills that help companies operate effectively and efficiently.
These professionals take data and create actionable insights using mathematical modeling, statistical analysis, and data mining.
The most common tasks include advising leadership on business solutions, validating and testing models to confirm accuracy, creating mathematical models that solve problems, and gathering and analyzing huge data sets.
The most successful operations research analysts utilize mathematics to problem solve and are analytical thinkers who approach problems with logical and methodical concepts.
Fourteen: Social Media Manager
Social media managers use their knowledge of marketing communications with technology to coordinate an employer or client’s Tumblr, Instagram, Twitter, Pinterest, LinkedIn, or Facebook presence.
The role of a social media manager is to enhance business activity, get the word out about the organization, and create an online brand identity.
Those in this role measure the impact of online campaigns, develop content, and create strategic plans.
In addition, social media managers utilize support staff to gather data and other information that can be used on social media to improve the engagement of a targeted demographic.
Like in the business school coursework, social media managers must work as a team and have the people skills to lead without possessing authority over other team members.
Business is a broad area of study, so students receive a range of knowledge that can open many doors in the future.
With so many excellent jobs for business majors available, it’s important to understand whether you want to work for a major corporation or smaller clients, what industry you wish to target and narrow down the field you want to pursue.
This is a challenging task, but now that you know the variety of available careers with excellent salaries and a strong outlook, you can better decide your career path.