business

Business Management Degree Types:

Master of Business Administration MBA

Master of Management

Master of Business

 Career Paths:

  • Master’s Degree: 
    • Marketing Manager
    • Human Resource Specialist
    • Director of Business Development and Strategy
    • Product Manager
    • Senior Analyst
    • Management Consultant
    • Strategy Analyst
  • PhD:
    • Researcher
    • Professor

Helpful tips to prepare for graduate study in Business Management:

Most professional business schools require you to take only a few core courses as an undergraduate. These typically include accounting, economics, calculus and statistics.

  • Business schools also seek candidates with well-developed communication, analytical and organizational skills.
  • You may be required to take the Graduate Management Admission Test (GMAT) instead of the GRE.

Strategies

Business Management can be applied to a broad number of opportunities, think about the following industries:

  • Banks/Financial Institutions
  • Private Businesses (stores, restaurants, cafes, etc)
  • Healthcare organizations
  • Software and Technology companies
  • Local, State, Federal Government
  • Nonprofit organizations
  • Temporary or staffing agencies
  • Educational Institutions
  • Manufacturers
  • Hotels/other hospitality facilities (casinos, motels, cruise liners, resorts, etc)
  • Labor unions
  • Nonprofit organizations
  • Internet companies
  • Music/Theater/Movie companies
  • Print and Electronic media outlets
  • Science Development Companies/Labs
    • Pick up a double major or minor in health care, human resources, psychology, accounting, sports management, journalism, music industry, etc to broaden potential opportunities as well as to focus on an industry of interest.
    • Get involved in student leadership roles to gain experience
    • Develop personal contacts for potential opportunities
    • Consider earning an MBA to reach the highest levels of business management
    • A willingness to relocate opens up more opportunities

  • Include a core competencies section where you can list things like Strategic Planning, Quality Control, Process Improvement, Project Leadership, Client Relations, Market Analysis, etc.
  • Include a skills section where you can include Microsoft and other skills you may have.
  • Replace your statement with an executive summary, which is more like a 30 second elevator pitch that explains who you are and what you’re looking for. It should be approximately 3-5 sentences long and explain what you’re great at, most interested in and how you can be a value to the company.

Questions may vary by industry

  • What is the process you typically follow to make a decision about a plan of action?
  • When given two or three equally viable paths to achieve an object, how do you decide which path to follow?
  • What is your process or methodology for making important decision?
  • When faced with several options, none of which is sufficient to accomplish your goal, how do you decide with option to pursue?
  • What method do you employ for delegating tasks to your team members?
    • How do you ensure that tasks are successfully completed? Are there any steps you take?
    • How do you make employees feel valued?
    • How do you communicate expectations to team members?
    • What specific strategies have you used to lead a team?
    • How Would You Describe Your Management Style?
    • What Would You Do if You Had a Subordinate Doing Their Job Inefficiently?
    • How Do You Keep Staff Members Motivated?
    • Do you know who our competitors are? (not only should you research what the company does, but you should also look into who their competitors are)
    • What information do you need before making a decision?
    • How do you react to problems?

Management Analysts (Business Management Analysts, Business Management Consultants, Business Office Managers, etc)

Median Salary:$80,880

Outlook: +14% (faster than average)

Administrative Service Managers (Business Unit Managers)

Median Salary:$83,790

Outlook: +8% (average)

Financial Analysts

Median Salary:$78,620

Outlook: +12% (faster than average)

Human Resources Managers

Median Salary:$102,780

Outlook:+9% (average)

Sales Managers

Median Salary:$110,660

Outlook:+5% (average)

Top Executives

Median Salary:$102,750

Outlook:+6% (average)

Advertising, Promotions and Marketing Managers

Median Salary:$123,450

Outlook:+9% (faster than average)

Advertising Sales Agents

Median Salary:$47,890

Outlook: -3%

Compensation and Benefits Managers

Median Salary:$108,070

Outlook:+6% (average)

Food Service Managers

Median Salary:$48,560

Outlook: +5% (average)

Medical and Health Services Managers

Median Salary:$92,810

Outlook: +17% (faster than average)

Public Relations and Fundraising Managers

Median Salary:$101,510

Outlook: +7% (average)

Training and Development Managers

Median Salary:$101,930

Outlook: +7% (average)

Purchasing Managers

Median Salary:$106,090

Outlook: +1%

Property, Real Estate, and Community Association Managers

Median Salary:$54,270

Outlook: +8% (average)

Preschool and Childcare Directors

Median Salary:$45,260

Outlook:+7% (average)

Post secondary Education Administrators

Median Salary:$88,390

Outlook: +9% (faster than average)

Natural Sciences Managers

Median Salary:$120,050

Outlook: +3% (slower than average)

Lodging Managers

Median Salary:$47,680

Outlook: +8% (average)

Computer and Information Systems Managers

Median Salary:$127,640

Outlook:+15% (faster than average)

Construction Managers

Median Salary:$85,630

Outlook: +5% (slower than average)