Of the nearly 2 million bachelor’s degrees earned in 2015, the greatest numbers of degrees were in business fields, according to the National Center for Education Statistics. Business degrees have been a popular choice for several years, and that seems to be for good reason. The Bureau of Labor Statistics (BLS) projects business and financial occupations to grow at a rate of 10 percent between 2016 and 2026, higher than the national average.
Top 7 Business Administration Employment Options
Projected to grow at a rate of 22 percent between 2016 and 2026, actuarial positions are part of a fast-growing and high-paying field. Actuaries spend their days analyzing a company’s risk, such as operational risks or compliance risks. About 70 percent are employed in the finance and insurance industries, although some work for consulting agencies.
Actuaries use statistics and financial theory to analyze business risks, and then take steps to minimize the impact of foreseen threats. These professionals compile data, assign value to risk, explore business strategies to manage that risk and present their findings to key decision makers.
On average, an actuary can expect to earn a median salary of $101,560.
2. Personal Financial Advisor
Most financial advisors own their enterprise or work in securities and contracts. These business professionals often meet clients after regular business hours. Financial advisors must hold a bachelor’s degree, and many seek graduate degrees or certifications. The BLS projects the field to grow 15 percent between 2016 and 2026.
A personal financial advisor provides advice to individuals and families about investments, insurance, taxes, savings and other financial management topics. An advisor meets with clients to educate them about personal finance, inform them of their options and make recommendations for financial plans. The median annual salary for personal financial advisors is $90,640.
3. Management Analyst
Management analysts need at least a bachelor’s degree in business administration to get started in this growing field. Most work in professional service industries, are self-employed or work for the government. They typically consult with clients to improve organizational efficiency.
Charged with helping companies increase revenue and decrease expenses through streamlined leadership, management analysts gather and examine data. Management analysts make recommendations to improve systems or policies based on their findings, and they earn about $82,450 a year.
Learn more about a business career
Land a job in business administration with an online degree from St. Ambrose University.Explore degree
4. Financial Analyst
Students who love investment may enjoy being financial analysts. These professionals specialize in investment fields to recommend appropriate investments to employers. A bachelor’s degree and a license from Financial Industry Regulatory Authority (FINRA) are typically required for financial analyst posts.
Financial analysts review and track stocks, bonds and other investments. They evaluate performance over time and use that data to make recommendations to their clients. Some financial analysts work for buyers, and others spend their days selling stocks and bonds. They can expect to earn around $84,300.
5. Financial Examiner
Financial examiners ensure corporate compliance with regulatory agencies and applicable laws. They may travel to inspect banks or credit unions, or they may be employees of a bank. Financial examiners with three years of experience and a bachelor’s degree can become Certified Financial Examiners (CFEs).
A financial examiner’s duties include monitoring bank data, such as balance sheets and loan documentation, to determine the overall condition of a financial institution. Financial examiners also review relevant regulations and help financial institutions establish policies compliant with those regulations. Financial examiners earn around $81,690 annually.
Working in manufacturing, logisticians oversee moving products from a supplier to a customer. They typically need a college degree in a business-related field, and some companies may require their logisticians to hold certification through APICS or the International Society of Logistics (SOLE).
Logisticians analyze and oversee the supply chain – manage purchasing, transporting, storing and inventorying products. A logistician earns an annual salary of $74,590.
7. Budget Analyst
Budget analysts need a bachelor’s degree and strong skills in accounting, statistics and economics. They help organizations, government agencies and companies organize budgets. A budget analyst employed by the government may need to earn a Certified Government Financial Manager credential from the Association of Government Accountants as well as a bachelor’s degree.
Working with program managers, budget analysts develop micro budgets by section, review program recommendations, create an organization-wide budget and monitor spending. A budget analyst salary is about $75,240.
Start Your Career in Business Admin
Earning a bachelor’s degree is the first step to a career in business administration. St. Ambrose University’s online program provides you with the business, leadership, and communication skills you need in today’s demanding business world.
With the online Bachelor of Business Administration program at St. Ambrose University, you’ll master business concepts and trends to become fully prepared to take the next step in your career.