The business landscape is constantly evolving. Over the past few decades, the skills and expertise required by companies have also changed significantly. This is evident throughout the current labor market as employers offer an array of new and exciting positions for recent graduates. Completing a business program from a reputable institution is an excellent way to acquire the skills needed to avail these promising career opportunities.
A business degree may give you a competitive edge on the job market, especially if your chosen major is in high demand, leading to higher salaries and growth opportunities. According to a survey, business majors account for eight of the ten most sought-after majors by employers. Some of these in-demand business majors are listed below:
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How to Pursue a Business Degree?
Before discussing the most sought-after business majors, let’s examine how you can pursue a business degree.
There are several options available to prospective students seeking a degree in business. You may enroll in an on-campus business program or pursue an online business degree, depending on your preferences and priorities. Online education offers several advantages, including flexibility in scheduling, a broader range of perspectives, cost savings, and increased learning efficiency.
For instance, UIS online programs allow working professionals to prepare for a successful professional career conveniently and cost-effectively.
Advertising
An advertising degree will give you a thorough understanding of the fundamentals of communication. It is said that advertising is a step beyond marketing. A career in this field enables you to express your creative side and passion for what you do.
Advertising enhances consumer awareness and perceptions. Advertising professionals strive to build a loyal customer base. The online media marketplace offers a particularly favorable environment for advertising majors. There are various positions available to you with this major, including media planner, account executive, and copywriter. An advertising specialist earns a median annual salary of up to $106,130.
Finance
Money is vital in every business – its source, destination, and how it can be effectively utilized. The study of finance can assist you in developing the necessary skills to evaluate these questions and formulate reliable answers.
You can assist organizations in making sound financial decisions and achieving their objectives through your work.
The courses you may study to earn this degree include investment management, microeconomics, macroeconomics, and financial accounting. Jobs available to finance majors include finance manager, financial analyst, financial planner, and accountant, with an average median annual salary of $134,180.
Data Analysis
The role of corporate data analysts combines two disciplines essential to any company’s success: data collection and insight generation. The primary responsibility of data analysts is to collect and organize data from various sources. Additionally, data from these sources must be interpreted to develop business insights. This will assist them in identifying trends, improving customer service, and expanding into new areas.
In the era of data-driven business decisions, organizations have never needed analysts more than they do today. Graduates in this field will possess a high degree of mathematical proficiency and a solid working knowledge of business operations and strategy. Roles available for graduates with this degree include business analyst, financial analyst, data analyst, data journalist, and more. A data analyst can expect to earn up to $72,332 per year on average.
Human Resource Management
A company’s human resources department plays an essential role in its success. An organization’s success depends on people who dedicate their time and energy to the company. The human resources department is responsible for personnel relations, workplace motivation, organizational behavior, and the selection of employees.
A degree in human resources will enable you to identify and recruit top talent for your organization. In this role, you must demonstrate leadership and interpersonal skills by hiring and terminating employees, communicating with senior executives, and organizing work schedules.
The potential job options for an HR major include human resource manager, training and development specialist, public relations specialist, and compensation and benefits manager. An HR specialist typically earns $121,220 per year on average.
International Business
Globalization will continue to increase the demand for professionals familiar with international business practices. Students who graduate with international business degrees can bridge cultural and linguistic gaps and implement multi-national strategies.
Students will study various topics in this major, such as international business, economics, law, and supply chains. In particular, large companies are actively seeking employees capable of identifying and leveraging new markets abroad. The job opportunities for students who have majored in international business include external auditors, global logistics management, and international finance managers, with an average salary of $93,961 per year.
Supply Chain Management
Students majoring in Supply Chain Management (SCM) oversee the business’ supply chain operations. Those who pursue a degree in SCM will be trained in logistical skills, product development, sourcing, and manufacturing. Working in a company, they are responsible for ensuring that products and services are delivered systematically.
Managing the entire lifecycle of products until they reach the customer is crucial. You may work as a supplier, retailer, transportation company, manufacturer, or consultant in this field. Management in this field position requires ensuring that products and services are delivered in the most cost-effective way possible. Graduates who have majored in SCM can work as purchasing agents, logistics analysts, and operations managers, with an average salary of up to $136,625.
Project Management
A project’s success is determined by its manager. Project managers are responsible for delivering a project and ensuring its objectives are met. A company always initiates projects to maximize revenue, minimize costs, and boost the economy. This makes a career in project management challenging since competent project managers are in high demand. The role of a project manager entails the supervision of projects, conception, planning, preparing budgets, maintaining quality, and ensuring timely project completion.
Pursuing a degree in project management is rewarding if you are interested in managing personnel, supplies, costs, and workflows. You will learn how to plan and execute various projects of various sizes through this major. Upon earning your degree, you can work as a project manager, program manager, or business analyst. The average salary for project managers is up to $81,666 per year.
Wrapping Up
Developing industries are the result of complex processes that constitute the foundation for a growing business sector. The right business major is necessary for those who wish to be part of it.
In today’s fast-paced business environment, every organization needs professionals who can assist them in improving efficiency, and productivity, thinking critically, and collaborating efficiently. If you earn one of the leading business degrees in demand, you will have the opportunity to propel your resume to the top of hiring managers’ lists.
