Careers In Business Management

Answer 1

Business management is a career field that covers a number of sub-specialties which include purchasing manager, administrative services manager and marketing manager. While these disciplines may seem to be very different from one another, they do have one thing in common. They all allow applicants to effectively rise to the top of their chosen business profession and effectively lead various marketing, manufacturing or financial departments.

Purchasing managers are responsible for the planning, coordinating and conducting the activities of corporate purchasing officers. They are also often tasked with the management of materials, services and products as they relate to the supply chain.

Administrative services managers are often tasked with coordinating, planning and implementing the services which allow companies to operate efficiently. This may include securing equipment and property for the company, allocate industrial space and cooridinate facility maintenance. They may also be in charge of a central department that manages the operations of multiple departments at once.

Marketing managers are responsible for coordinating, planning and executing marketing plans and strategies. The primary goal of these plans and strategies are to significantly increase the company's profits and market share or to develop brand recognition for the company.

Business Management Educational Requirements

Individuals seeking employment in this field is required to at least obtain a bachelor's degree in business management. Some positions in the manufacturing industry may require applicants to have a bachelor's or master's degree in engineering, business or applied sciences. Applicants looking to obtain work a business management position in marketing may be required to obtain a degree in advertising or marketing.

Business Management Earning Potential

According to the United States Department of Labor, individuals in business management make a median income of approximately $80,600 per year. Those earning in the bottom ten percent made approximately $50,000 per year, while those in the top ten percent made in excess of $100,000 per year.

Expected Job Growth In Business Management

Job Growth in business management is expected to increase at around 15 percent over the next ten years. This trend is expected to increase over the next ten years as the number of corporations increases in the United States.