How we do business is continuously being revolutionised by digital transformation, from data-driven decision-making and streamlining processes to product innovation. This has challenged companies to address the increasing need for specialised talent requirements that has impacted every facet of the job market.
What next after getting a business degree?
You have graduated with a business degree and now you must set your sights on a career path. A variety of factors will influence your career choice, including the type of job you want, where you want to live, and how much money you want to make. No matter what type of business role you are looking for, you can use this guide on how to pick a business career path.
Business majors are some of the most sought-after graduates by employers. This is because they have the skills and knowledge that are essential in a wide range of businesses and industries. A business degree can provide you with the foundation for a successful career in a number of different fields, including accounting, finance, marketing, human resources, and much more.
Opportunities will get even better if you decide to pursue an MSC finance and management, which is a specialised field of study that combines aspects of both finance and management. The course covers a wide range of topics, from financial accounting and investment analysis to corporate finance and risk management.
In-demand career paths for business professionals
Choosing a business major can be overwhelming. With so many different types of businesses and industries, it can be difficult to decide which one is right for you. There is a multitude of career paths for business professionals. Here are five career paths that have a high demand for business professionals.
1. PR consultancy
One of the biggest trends in business is the increasing importance of branding and marketing. If you are good at this, then PR is a great way to build your career. Key skills that you need for this career path include strategic thinking, creativity and communication.
Working in a PR consultancy involves creating and implementing strategies and tactics to help a company achieve its goals. You will have to start by taking a business management course at university in order to get your PR qualification.
2. Sports team management
Sports teams need effective sports managers who have the skills to make impactful decisions for their teams and also deal with data analysis to help them improve performance. If you are a business major, then you will already be familiar with the maths and statistics that are essential in sports management.
If you are a sports lover, then this could be the perfect career path for you. Sports management firms handle all kinds of tasks related to the day-to-day operations of professional sports teams. This includes accounting, marketing and sponsorship activities.
3. Talent agency
Talent agencies handle all aspects of the recruitment and placement process for companies, which are completely dependent on the skills and knowledge of their staff. The best talent agencies have data analysts who use advanced analytics in order to find the best fit for a team or an individual.
Companies will always look for talent with specific skills, which is why it is important that you choose your profession carefully. Talent agencies help companies by matching their needs with the appropriate candidate.
4. Gallery management
Galleries need highly skilled managers who are passionate about art and have an eye for detail. A business degree will provide you with the skills to analyse the artistic value of an artwork, which is a key aspect of this field.
This job is well-suited for people who are passionate about art and aesthetics. Gallery management involves hiring, training and maintaining the gallery’s workforce. If you are a business major, then you will already be familiar with the skills required for this career path: adaptability, teamwork and a passion for art.
5. Publishing
What do the world’s most influential magazines and newspapers have in common? A publishing management degree. Publishing teams are in charge of everything related to the daily operations, including product development and marketing.
The job of a publisher involves compiling and editing content for publications, which can include everything from blogs to books. Publishing is an industry that relies heavily on technology and skilled employees. As a result, the publishing sector is a fast-growing one.
Skills that business majors need to have
To achieve success in any business career, it takes an organised deep thinker with excellent problem-solving skills – you should always strive to please your clients even if you are working remotely. New business graduates will have many options after graduation. Each field requires different skills and knowledge, but there are several skills that are universal and can be applied to most professions.
These are some of the specific skills you need to succeed in this career:
- Strategic thinking: You must be able to look at the bigger picture about what’s going on in your company and identify opportunities to improve its performance.
- Analytical problem-solving skills: Problems that arise in your business need to be solved efficiently to avoid escalations. You must be able to use data science and other analytical tools to draw insights that will help you make better business decisions.
- Economic understanding: To effectively plan budgets, analyse costs and make optimal business decisions, you must understand the concepts of cost and pricing. Economic understanding helps you to assess whether an investment will be profitable.
- Teamwork: This is one of the most important skills to have as a business professional. You will be required to engage with your co-workers, clients and superiors on a daily basis, so you must be able to work well in groups.
- Marketing understanding: You will have to develop a deep understanding of how people perceive and interact with your business or its products. Whether that is creating brand identity, marketing campaigns or advertising messages, you will have to be able to create persuasive content that speaks to your target audience.
- Networking: Networking is a key skill that is essential to achieving your goals. This can only be done by socialising with professionals in your industry and being open to opportunities that could become available in the future.
Bottom line
Business is a very rewarding career path and there are many fields to choose from. You can work in consulting, research, management or a number of other industries. No matter which business career path you choose to follow, you will have to be highly self-motivated, organised and hardworking.
