What can you do with a MBA? Plenty! That’s the beauty of getting an masters in business administration, it opens the doorway to a plethora of high paying, executive level career options.
An MBA equips you with the skills, knowledge and experience necessary to qualify for senior level positions in many industries including – marketing, finance, communications, entertainment and human resources.
To give you an idea of the types of MBA jobs there are, here’s 5 popular MBA job opportunities worth noting:
Many MBA graduates choose to run their own show by becoming an entrepreneur. The freedom of being one’s own boss appeals to many MBA graduates who typically support themselves through setting up and running their own ventures. While there’s no guarantee for money and success as an entrepreneur (the truth is many startups fail) it can lead to a long lasting, lucrative and highly satisfying career.
2. Financial Analyst
A financial analyst is another top MBA career choice, thanks to its typically high salary and being one of the few jobs in this tough economy that is still relatively high in demand. A financial analyst evaluates and analyzes a company’s financial state and health and makes suggestions on investments and expenditures based on their findings and predictions. Due to the high level nature of this position, an MBA with a concentration in finance is often required.
3. Marketing Manager
Marketing manager jobs are particularly popular choices for MBA graduates with a concentration in marketing. A marketing manager will oversee the entire marketing structure, campaigns and management of either a marketing department or for the marketing efforts of an entire company. Creative and challenging, this role is ideal for an MBA graduate with a passion for marketing.
4. Business Manager
A business manager is another top MBA jobs option because it is one of the most senior business related positions out there. A business manager may manage the business and financial side of a company or may work freelance as a business manager for individuals. For example, many celebrities have business managers who help secure business deals and also manage their finances. Either job can be very lucrative, depending on the size of the company working for or the wealth of the individual clients.
CEO is the ultimate career goal of many MBA graduates, as it is most often the highest possible executive role in a company. A CEO (Chief Executive Officer) is the head of a company, and is responsible for signing off and agreeing to all major decisions within the company’s internal and external activities. Due to the seniority of this job, it is typically the highest paying job available in a company.
Once you’ve got your MBA, the job MBA search is your next major challenge. Keep the above jobs in mind and good luck!
Are you considering getting a bachelor degree in business administration? Are you unsure whether this is the right major for you? Read on to find out what you can expect with a business administration degree, what your career options are and the top benefits of a business degree:
What is a Business Administration Degree?
A degree in business administration at undergraduate level can be a great choice for anyone that wants to embark on an exciting career in business. This degree will cover business fundamentals such as essential business strategies, concepts and critical thinking. Many undergraduate administration degrees are four year programs, but if you choose an online business administration degree you may be able to complete it in less time.
In addition to this, many online and on-campus undergraduate business administration degrees allow you to specialize in one of the following subjects:
- Operations Management
- Information Systems
These specializations can be incredibly useful, as they allow you to specialize in the area of business you’d like to work in. Through these specializations you will graduate with a sound understanding of your desired business sector which could help you land your dream first business job straight out of college.
What Can I Do With a Business Degree?
A business bachelors degree in business administration will open the doorway to a plethora of business related careers. Many entry level business positions require undergraduate degrees in business and with this degree you can expect to qualify for entry level positions such as:
- Agency Underwriter
- Billing Clerk
- Benefits Administrator
- Financial Analyst
- Executive Assistant
- Retail Manager
- Insurance Sales Agent
Of course above is just a sample of some of the positions you may able able to qualify for. There are many other jobs you could qualify for with a business administration degree and you may even decide that you want to be an entrepreneur and work for yourself. This is the beauty of a business administration degree, it qualifies you for a huge array of business positions, which means you’ll have a plenty of choice and freedom when it comes to finding business related jobs in the future.
What are the Advantages of a Business Degree?
As you can likely already tell, there are plenty key advantages to getting a degree in business administration. However, if you’re still unsure with regards to just how beneficial this degree is, here are the top advantages of a business administration degree:
- The Chance to Specialize – Many other degrees, especially at undergraduate level, don’t allow you to specialize but with a business administration degree you will usually be able to choose from a large list of specializations. This will allow you to specialize and focus on something that you’re really interested in pursuing, and learn the essential skills necessary to gain employment in your chosen industry.
- The Opportunity to Learn Real World Skills – A bachelors degree in business administration will provide you with real world business skills that you can directly apply to both your first job and to your long term career. Having these skills will help you stand out when you’re seeking employment and could help you secure your first business job out of college. Other undergraduate degrees can definitely have their appeal, but they likely won’t provide you with the real world, practical business skills that a degree in business administration will.
- The Ability to Be Taught By Experienced Business Professionals – Many business administration programs hire professors that have both teaching and real world business experience, so you’ll be able to learn from professors who aren’t just great educators but also have a wealth of business experience. This means you can learn from successful business professionals who can likely teach you invaluable business skills and provide you with effective tips on how to brake into your chosen business related industry.
A bachelor degree in business administration can provide an excellent initial stepping stone toward a successful and long lasting business career. Do some further research before you sign up for your program or find a mentor that can help you make sure that this really is the degree for you and try to enroll in a program that has a good reputation for getting grads hired into great companies shortly after they graduate. Good luck!
Bachelor of Science in business management is one of the most popular undergraduate business degrees and can open the gates to a variety of high earning business careers. But just what are business management degrees? And what kind of business management degree careers can you expect to get?
Read on to discover a comprehensive breakdown of what most typical business management degrees cover, a list of popular business management degree jobs, salary expectations and business management degree requirements:
What Many Business Management Degrees Cover:
Whether you choose to complete an online business management degree or get your degree from a brick-and-mortar institution many business business management degree programs will teach and train you how to successfully manage a team of employees in a business setting. You will be equipped with the skills to take on a business management position and lead a team toward business success. If you want a job in business which allows you to have plenty of responsibility and the opportunity to lead others, then a degree in business management could be an ideal fit for you.
Business management degree courses will often include:
- Business Ethics
- Macro and Microeconomics
- Strategic Management
- Management Theory
- Business Information Systems
- Business Communications
- Business Law
- Critical Thinking
Business Management Degree Requirements
Each college or university will differ slightly in their business management degree requirements but entry into the program will most likely depend on attaining a certain GPA and completing various prerequisite courses before declaring a major in this subject. To get a head start in your business management degree try to get high SAT scores in high school as these should help you get accepted into colleges or universities that feature prestigious and renowned business management degrees.
Business Management Degree Careers
One of the main benefits of degrees in business management is that they equip students for a variety of business management positions. According to PayScale the average salary range for a graduate of Bachelor of Science business management can range from the low 30s to over 100k per year, depending on which type of business management job a graduate chooses and how many years of experience he or she has.
Career options for business management degree holders can include:
- Human Resources Manager
- Human Resources Director
- General Manager
- Communications Manager
- Marketing Manager
- Executive Assistant
- Office Manager
- Sales Manager
- Operations Analyst
- Operations Manager
A Bachelor of Science in business management can lead to a lasting and lucrative career in the business sector. Make sure you do plenty of online research before you enroll in a program to ensure that you select a program that has a great reputation and a track record for getting grads hired into desirable entry level positions. Good luck!
If you’re a business major you likely want to make yourself as marketable as possible for when you graduate and enter the job market. Well, one of the best ways you can increase your marketability is through completing several internships while you’re in college. Internships for college students allow students to learn invaluable business skills, gain contacts and get a foot in the door of the companies they intern for. What’s more, internships greatly impress recruiters and employers, as it shows that you’re serious about pursuing a career in business and are willing to put in the hard work that’s required.
However, getting an internship isn’t all that easy. In these tough economic times, even internships can be incredibly competitive and hard to come by, so it’s essential that you take preparative steps to maximize your chances of landing a desirable internship.
To help you out in your internship search and acquisition, here are some tips on how to get a business internship:
Start Researching Well in Advance
Due to the competition of many business internships for college students, it’s important that you start researching early. For example, don’t leave it until a couple weeks before summer break starts to start applying to summer internships. Ideally, start researching for internship opportunities at the beginning of the semester prior to the one you want to complete your internship during. Human resources at major companies can take a while to file and process applications, making it imperative that you start your research early.
Follow Application Guidelines down to a Tee
When applying to internships, follow and complete each application guideline down to a tee. If you miss out any component of the application your application will likely never be considered. Make an outline of everything that’s involved in the application and slowly work your way through it. Internship application evaluators want to see that you can listen to instruction, so don’t mess up on this initial step.
Use Your College’s Campus Resources
If you need help with finding internships, filling out their application forms and preparing for internship interviews, head over to your campus’ career department. Here you will likely find career counselors and aides that can help guide you toward internship success. Campus career centers are designed to help students find internships and secure suitable employment after graduation, so it’s definitely worth your time to visit yours.
Dress Smartly to Your Interview
Once you’ve secured an internship interview, dress to impress. Dress in smart business attire, no matter how casual the company is. Employers will want to see that you really want this internship, and have gone above and beyond to prepare for it, and this includes how you dress. Dressing smartly, even if there’s a casual dress code in the company you’re being interviewed by, proves that you are taking the interview seriously and really want to leave a positive impression.
Follow Up with a Thank You Note
Always follow up from every internship interview you complete with a thank you note. You can do this by sending a thank you email or to really stand out from the crowd you might want to send a hand written note. Although this may seem old fashioned, mailing a hand written note indicates undeniable effort on your part and that you have gone the extra mile to prove that you’re interested in the role.
Having “business intern” on your resume will look excellent once you graduate and could help you land that all important first job more quickly and at a desirable company. Follow the above suggestions to help you achieve your internship goals and optimize your chances of future business success.
Many businessmen and women view completing an MBA as an essential step for getting to the top of their field. Traditionally, completing an MBA has often been regarded as one of the quickest ways to climb the corporate ladder. This is because an MBA demonstrates that the MBA graduate has expertise in their business concentration and has a fundamental understanding of how to successfully run a business from the ground up.
However, plenty of successful business practitioners and entrepreneurs have excelled in business without an MBA. A masters in business isn’t for everyone, and is such a huge commitment it isn’t a decision that should be taken lightly.
Here are 5 things to consider before you enroll in an MBA program:
Will An MBA Increase Your Salary?
Promotions and getting hired into senior management positions are not guaranteed for all MBA graduates. Although your chances will be increased within certain business sectors, many industries favor work experience over MBA completions. Therefore, only choose to complete an MBA program if you are virtually certain it will advance your career and your earning potential.
Have MBAs Helped Others in Your Field?
Do some research and look at MBA graduates in your field. Has an MBA helped them get high flying jobs? Or are they still earning pretty much the same as yourself? If the MBA benefits haven’t been that great to your competitors, then an MBA probably won’t help your career much either. On the other hand, if others in your field have done exceptionally well with an MBA, then an MBA could easily be your ticket for business success.
Do You Have the Time for for an MBA?
Whether you choose to complete an online business program or attend a traditional brick-and-mortar school, you will need to factor in the huge amount of time it will take to complete your program. If you have a full-time job, family and other personal considerations, you may struggle to keep up with an MBA program. MBA’s are extremely challenging and time demanding, so only consider signing up for one if you have enough time to dedicate yourself to the program.
Can You Afford an MBA?
MBA’s are very expensive, with the average one costing $100k or above. Some companies will pay partially or some cases entirely for your MBA, but the majority of MBA students have to finance their studies completely by themselves. Although scholarships are often available as well as financial aid, the chances are you will still graduate with significant student debt. If you know that your salary will dramatically increase thanks to an MBA, then getting into this level of debt could be worth it, but if not you may want to strongly evaluate just how much you’re willing to sacrifice for the sake of an MBA.
Are You Qualified for an MBA?
There are many MBA requirements to most MBA applications, some of which include GRE results and so many years of business related experience. What’s more, you will also need several strong letters of recommendation and usually some kind of samples of your business work. You typically have to fulfill each stated requirement in order for your MBA application to even qualify for evaluation so only apply for an MBA program if you have all of your papers in order.
There are many benefits of an MBA, but this doesn’t necessarily mean an MBA is right for you. Use your answers to the above questions to help you evaluate to what extent an MBA can help you in your career goals and advancement.
Becoming a successful entrepreneur usually requires certain characteristics and personality traits, but education can also play a huge role. A budding entrepreneur may have a great business plan, but it can take the right degree program to equip him or her with the essential skills and knowledge to turn this plan into a reality.
There are hundreds of degree majors out there for entrepreneurs to choose from, but some are much better at effectively preparing would be entrepreneurs for the business world than others. Here are a few of the best degrees for entrepreneurs:
Perhaps the most obvious choice, a degree in entrepreneurship covers how to set up a business and how to make it a success. Students will be taught how to think outside of the box, be proactive and learn how to effectively lead a team. What’s more, entrepreneurship programs often hold networking events which allow students to make powerful connections with established entrepreneurs and also invite entrepreneurs to talk and hold Q&A sessions. Overall, a degree in entrepreneurship can be a great choice for any hopeful business man or woman.
Entrepreneurship is all about selling and persuading potential clients to come on board, making strong communications skills a must. A communications major will train students how to effectively communicate, learn the art of persuasion and how to win an argument. What’s more, a communications program teaches its students not only how to communicate well verbally but also in writing. Therefore, a communications graduate will know how to write persuasively and articulately, which could easily prove to be an impressive skill for the entrepreneur, especially when writing sales letters and pitching business proposals to potential clients.
All entrepreneurs need to be well acquainted with the ins and outs of marketing, both for acquiring clients and for seeking investors. A marketing major will provide students with a solid foundation of how marketing functions and how to use it to their advantage in business. Marketing programs usually cover how to compile and operate a marketing campaign, how to measure marketing efforts and how to pitch marketing strategies and plans. All of these are without a doubt important skills required for any entrepreneur, making a marketing major an excellent choice for an aspiring entrepreneur.
For entrepreneurs hoping to conduct international business and appeal to international markets, an international business major is a wise pick. International business programs teach business on a global scale, and how to effectively conduct business internationally. Students will graduate with a firm understanding of how businesses operates internationally and how they can break into an international market successfully. This is a particularly great major for would be entrepreneurs that want to travel and experience business from many different cultural angles and perspectives.
Lawyers can easily be entrepreneurs, especially if they set up their own law firm or practice from home. Furthermore, aspiring entrepreneurs can benefit from a law degree even if they don’t want to practice law. This is because a law degree will teach students how to present, explain and win an argument – which is an essential skill for any entrepreneur. Also, having extensive legal knowledge is another great skill to have, as it will help entrepreneurs know how to avoid legal pitfalls, protect their business legally and could save an entrepreneur potentially thousands on not having to hire attorneys or legal experts when legal issues arise. Although not the most blatant of choices for an entrepreneur, a law degree can actually prepare aspiring entrepreneurs for the business world to a very high degree.
Each of the above degrees provide quintessential skills in communication, self-promoting and of course business – all imperative skills for wannabe entrepreneurs. These degrees for entrepreneurs all offer a head start in business, providing the potential for aspiring entrepreneurs to reach their business goals quickly and effectively.
Business jobs are highly desired by many graduates, but establishing a successful career in business takes a lot of time, dedication and of course hard work. According to a recent U.S. News and World Report article many business jobs are in demand due to the onsets of economic recovery, but because of high unemployment rates these jobs can still be very competitive and difficult to obtain.
So if you are considering launching your career in business, take into consideration these 5 steps for standing out from the crowd and landing your dream business job:
Improve Your Education
Business careers usually require some kind of qualification, such as an undergraduate business management degree or completing an MBA program. Many employers look for candidates that have these qualifications, so it’s important to complete as many qualifications as possible. This will maximize your marketability and open the doors to higher earning positions. If you can’t afford to give up your job or current lifestyle to go back to school, consider attending an online school, where you can save money and time by studying from the convenience of your home.
Once you have a degree in business you may be wondering “How to get a business job?” Well one of the most important first steps post graduation is to network as much as possible. Networking is essential for learning about potential jobs and gaining industry contacts. Look out for local networking events and try to go to at least one or two a week. Have your business cards at the ready and don’ t be afraid to reach out to contacts you make in the near future about jobs opportunities.
Write a Strong Resume
A strong resume is vitally important for all careers in business, as your business resume is often the first thing an employer learns about you. A resume should be well written, concise and clearly demonstrate your business skills and talents. For jobs in the business sector you will want to clearly indicate on your resume how your business degree or qualification adequately prepared you for business career paths. Mention specific courses you took and how these equipped you with top skills and knowledge. Lots of people want business careers, so you need an extra strong resume to stand out to employers.
Have a Portfolio
When the phone finally rings for your dream job, don’t arrive to your interview empty-handed, make sure you have a portfolio in tow. A portfolio shows that you came to the interview prepared, and are taking your business career seriously. If you have only just graduated from college and don’t have much of a portfolio yet, just include examples of your coursework or work that you completed during internships. Moreover, if you are a seasoned employee and are applying for business management jobs, include case studies in your portfolio that illustrate your talents and achievements at previous positions. Many employees forget to put a portfolio together for interviews, so get a head start in the interview process by always bringing a well organized, professional portfolio with you.
Have Your Own Website
If you really want to impress potential employers’, build you own website that showcases both your resume and your business skills. Include a professional photo of yourself and your contact details. This way when an employer “Googles” you, they will find an impressive online portfolio that shows you have taken considerable time to promote yourself and that you are sincere about working in business. If you aren’t familiar with website design and publishing, ask a friend to help or even hire someone to do the job. Although it’s an investment of time and perhaps money, it will pay off if you land your desired job.
Jobs for business majors can be very competitive, but if you follow all of the above suggestions in your job search, you’re chances of securing your perfect job will be significantly increased. Don’t be afraid to go that extra mile to get the job you want and deserve, good luck!
If you are considering embarking on a business degree, you may be asking yourself “What Can I Do With a Business Degree?” Well the answer is quite simple, plenty!
A business degree can open the doors to many different career paths, business as well as non-business related, and can equip you with essential skills and knowledge that you can utilize to your advantage in virtually any kind of career.
However, there are some careers that are just easier achieved with a degree in business. Here are 5 top jobs with a business degree and how you can achieve these:
An excellent first job out of college, many entry-level manager jobs either prefer or require you to have a degree in business. A managerial role will include managing and organizing a group of people and having a fairly senior role in your office. This will provide you with fantastic team building and leading skills which you can then transcend toward higher earning jobs further down the line. To put yourself a step ahead of other applicants for managerial roles try choosing business courses that teach and analyze leadership roles in business.You may also want to consider an online business management degree, which can give you plenty of spare time to enroll in business related internships and also build contact by attending business events.
When you’re considering business administration schools, keep in mind that business administration degree jobs include accountancy. Although accountants aren’t generally regarded as the most glamorous of jobs, a career in accounting can be lucrative and often times high in demand. To prepare yourself for a career in accountancy, you will probably want to either choose a degree in business administration or choose a business degree that offers a specialization in accounting.
Public Relations Specialist
If you love interacting with others and fostering new relationships, then you will likely love a career in PR. Many of the skills and tools you gain while completing your business degree can easily be transferred and effectively utilized within the public relations field. One of the most versatile jobs for business majors, public relations is an ever expanding and changing career field. Increase your employment chances in public relations by taking PR related internships while in college and also enroll in any PR related courses offered at your school.
Most major companies hire marketing specialists that help market their company to potential clients and investors. If you are creative but also have a business mind, marketing is a wise choice. There is plenty of room for growth as a marketing specialist and there is always potential for moving all the way to the top of your company or even forming your own. If marketing is definitely the career path you desire, make sure you concentrate in marketing in your business degree or enroll in a business marketing degree program.
Don’t feel like working for others? Become an entrepreneur! Although easier said than done, becoming a successful entrepreneur can be very financially rewarding and of course very exciting. You will likely need substantial savings to start up your own company, so you might want to consider online business degrees where you can enjoy both low tuition rates and more free time to hold down a job. Or if you prefer a traditional brick and mortar school, try and choose a school that offers a business specialization in entrepreneurship.
Naturally, there are many more prosperous and in demand jobs that either require or desire business degrees but we wanted to highlight some of the top few. Feel free to do further research and look into all of the many great jobs you can attain with a business degree. Also, make sure you do your homework and choose the best business school and business program that suits your career goals.
Preparing end of year tax returns are met by many with dread and confusion. End of year tax forms can be hard to understand and keeping a track of your year’s expenditures can seem near impossible.
However, there are many simple steps you can take towards preparing for the arduous task of filing your end of year taxes.
Here are our top tips for taxes:
Make A Note of Any Deductions
If you already know of any deductions you may be able to claim on your tax return come tax season, make a note of them. If you have made a charity donation or spent a lot on healthcare, or getting that online bachelors degree this year, you will likely be able to claim some deductions.
Make sure you keep a file or a drawer full of receipts and any other needed documentation. This a great tax tip, as you don’t want to be scrambling around for pieces of paper at the very last minute.
If you plan on donating something and claiming it on your tax return, don’t leave it any longer. This will allow you time to gather all the correct documentation you will need to claim on your end of the tax year forms.
Above all, make sure you ask for a receipt when you donate, otherwise you won’t have any other documentation to prove your donation to the taxman.
Decide Whether to Standard or Itemize Your Deductions
When you fill out your end of year tax form, you will either choose standard or itemize deductions. Standard deductions are based on your filing status and will have a set amount. If you don’t have many additional deductions (from what you originally filed) filing out standard deductions are generally a lot easier.
However, if you have further personal deductions that total more than your standard deductions, it can be worthwhile to itemize your deductions. These can include charity donations and also mortgage interest, charitable contributions, property taxes, medical expenses as well as other miscellaneous expenditures.
In order to be fully prepared for your end of tax year paperwork, you will want to make sure you decide well in advance whether you will choose standard or itemized deductions. Substantial paperwork is especially required for itemized deductions.
Contribute to a Retirement Plan
For tax savings tips, investing in a retirement plan is a great option. Investing in plans such as a 401(k) or 403(b) can give you some much needed tax breaks.
These retirement plans are therefore great ways for planning for your future and also helping reduce your next tax returns. However, you must begin to contribute to these plans before December 16 of the year you are filling for 401 (k) and 403(b) and other plans you often have until April 16.
Do Your Research
Don’t leave anything to the last minute when it comes to these tax saving tips. If you need any additional documentation, make sure you have it all gathered and organized well before you plan on filing your forms.
Likewise if you need additional help such as an accountant or a lawyer, make sure you have scheduled their help well in advance. Do as much research either through them or online to make sure that you are aware of all of the deductions you can make for this end of tax year 2011. The last thing you want is to miss something out, and miss the chance to save money or receive tax refunds.
As you can see, filing your tax returns is a fairly complicated procedure. However, there are many loopholes and tax return tips you can use to get and save the most out of this time consuming process. Just be sure to plan everything in advance and know your options and you should be fine. Good Luck with your end of year tax savings!
Even with the convenience and flexibility of online programs, earning your business degree takes a lot of time and effort. You must be devoted to your school work and put in a lot of hours to complete your assignments, but that doesn’t mean you’re doomed to no social life.
As with anything, you must find the balance to life to fully enjoy the moment you’re in. Finding time to socialize is especially difficult if you also work while in school because your time is so limited, but it is still possible. Maintaining a social life in college is such an important part of the experience that if you fail to foster one, you’ll always look back with regret.
When it comes to college, social interactions are a huge component, so it’s important not to neglect this vital part of life. We are meant to live in community with others, and it is very detrimental to your emotional health when you are isolated and alone. Balancing work,school and family is a tough job, but one that pays off big rewards when done correctly. Of course, it is important to be diligent in your studies to ensure your academic success, but it is also important to create a sustainable schedule where your life, relationships and experience life outside of responsibilities are maintained.
Here are some tips on balancing school with a social life:
Balancing School and Social Life
1. Make time for friends – If you feel like your social life is suffering, then it is time to branch out and make some friends, or make time for the friends you already have. Call up an old friend and make plans for the weekend. If you plan something, you can make the proper adjustments within your week to ensure that you can go out and have a good time without worrying about other things. While it may feel like you have absolutely no time to hang out with friends, you can make the time by choosing time with friends over other unimportant matters. It all comes down to time management. Continue reading Finding a Balance Between School and Social Life