Business management is the study of how to best organize, orchestrate, and control a company’s activities. If you have strong communication and analytical thinking skills, and enjoy working in leadership roles, business management could be the right major for you. Students in this field of study can expect courses in business policy, strategy, finance, statistics, human resources, and business law. Most classes will be lectures or seminars, but many schools may also require internships and computer-based lab courses as part of their program. For those researching online degrees, business management is a popular major, widely available through distance learning. Business management graduates have a variety of career options and may end up working as project managers, human resource professionals, management analysts, or sales managers.
Classes and Assignments of a Business Management Major
Students studying business management can expect a combination of lecture, seminar, internship, and some computer-based lab courses. Common topics include business policy, finance, human resources management, logistics, decision making, and business law. Students will also likely take courses in communications and psychology. Many schools incorporate internship courses into their business programs to help students gain real-world experience prior to entering the workforce. As far as course work, students will typically be expected to complete problem sets, situational exercises, in-class discussions, exams, papers, and presentations. Some courses, such as statistics, may also have a computer-based lab component.
Degree Levels for a Business Management Major
- Associate. While online bachelors business management degrees and online masters business management degrees are the most commonly sought degrees, online associate business management degrees may be a useful stepping stone towards further study in the field. Graduates with simply an associate degree may qualify for entry-level administrative assistant positions in the industry, but opportunities for advancement are limited.
- Bachelor’s. Business management majors at the bachelor’s level can expect to begin their study with introductory business, economics, and communications courses. More advanced topics may include business policy, finance, human resources management, business law, decision making, and logistics. Most schools also have general education requirements all undergraduates must meet to earn their degree. Graduates of with a business management major are qualified to pursue entry-level positions in project management, human resources, business analysis, and sales.
- Master’s. At the master’s level, students will take advanced courses in business management, typically within an area of specialization. In addition, students will conduct research, often applicable to real-life work situations. Working professionals can find a number of options to further their education through self paced online masters degree programs. Graduates with online masters business management degrees may pursue careers in project management, human resources, management analysis, or sales.
- Doctoral. If you are interested in pursuing a career in academia or are trying to put yourself in a better position to advance to upper-level management, a doctoral degree could prove to be one of the most useful college degrees. Busy professionals have a number of options for completing their post grad online. Graduates of a doctoral program in business management may teach at the college level or pursue upper-level positions in project management, management analysis, human resources, or sales.
A Future as a Business Management Major
Business management majors can work in a variety of industries such as manufacturing, health care, or government. They may fill positions as project managers, analysts, human resources professionals, or sales managers. While a bachelor’s degree can qualify you for entry-level positions, a master’s degree is recommended for the best advancement opportunities. According to the U.S. Bureau of Labor Statistics, management analysts earned a median salary of $73,570 in 2008, and sales managers earned a median annual wage of $98,530 in 2010. However, these statistics are estimates. Actual starting salaries can vary based on your level of experience, education, the type of employer, geographical location, and the general job market.