Business management degree programs are designed to give students skills in project management, customer service and human resources that are necessary to running organizations. Business management majors can seek a variety of job positions including financial analysts, technical jobs or administrative jobs such as operations managers. Responsibilities, duties and salaries depend on the actual job title.
Human Resources Managers
Human resources managers coordinate and oversee the recruiting, interviewing, hiring, benefits, compensation and retirement of all personnel in their organizations. A bachelor's degree is the typical requirement, though many colleges do not offer a specialization in human resources until the graduate level. Experience in the field is also needed for senior-level positions. Voluntary certification from organizations such as the Society for Human Resource Management can enhance job opportunities and salaries. As of May 2009, salary ranges from $50,590 to $148,390, according to the U.S. Bureau of Labor Statistics.
Operations managers guide organizations by creating policies and procedures, and planning what materials the staff will use. Operations managers are usually one of the top executives within a company and reach their positions with a combination of advanced management degrees and many years of experience. The compensation package usually includes a base salary, and in many large organizations, this salary is enhanced by stock options and performance bonuses. Operation managers earn a median salary of $92,650 per year. Salaries can range between $45,780 and $166,400, according to the BLS.
Financial analysts assess how stocks, bonds and other commodities perform to guide businesses and individuals in making investment decisions. Buy-side analysts decide which are the best funds for corporations to invest in. Sell-side analysts help securities dealers choose the right stocks and bonds to sell to their clients. The position requires a minimum bachelor's degree in finance, business, accounting or economics. However, many positions require a master's degree in finance or an MBA. Professional certification such as the Chartered Financial Analyst can also be helpful in building a career in this field. Financial analysts earn a median salary of $73,670 per year, with a range between $44,080 and $139,350.
Staff accountants keep track of an organization's finances by keeping records, ensuring that all applicable rules and regulations are followed, and by paying accurate taxes on time. Smaller offices may have only one accountant, while a large organization may have several accountants managed by a supervisor. A bachelor's degree in accounting or a related field is the minimum requirement. However, a CPA designation allows an accountant to file reports with the Securities and Exchange Commission, a procedure required by public companies. CPAs are licensed by their State Board of Accountancy. The median salary for accountants is $60,340 per year, with a range between $37,690 and $104,450.
- PayScale: Popular Jobs for Business Management Majors
- Bureau of Labor Statistics: Human Resource Managers Description
- Bureau of Labor Statistics: Human Resource Managers Wages
- Bureau of Labor Statistics: Operations Managers Description
- Bureau of Labor Statistics: Operations Managers Wages
- Bureau of Labor Statistics: Financial Analysts Description
- Photo Credit business woman image by Mat Hayward from Fotolia.com
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