There are many ways to make money in the business world, not just starting a small business. Some career paths for business graduates, like entrepreneurship and management consulting pay high salaries but involve long hours and short-term projects. You can also look for careers that offer a stable income with fewer hours and more predictable work, such as information systems or computer science. In this post, we’ll share some of the highest-paying business careers and what they involve.
Table of Contents
Career Paths for Business Graduates
1. Entrepreneurship
If you’re looking for a career path that will allow you to make serious money, entrepreneurship is a good option. As a business graduate, you’re likely to have a lot of transferable skills that can help your new business thrive. Make sure that if you choose this path, however, it is right for both the type of work experience and lifestyle that appeals to you.
You’ll need some knowledge of accounting and finance to determine whether launching your own company will be profitable enough to sustain itself in the long run. To gain this knowledge, you should look into an online mba program, as these degrees are very well-rounded and popular among successful entrepreneurs as options for career paths for business graduates.
You can also get started using MoreBusiness.com’s numerous sample business plans and other free content. It can fast track your path to success.
2. Business Analytics
Business analytics is a very broad field, but it’s the process of analyzing data to gain insight into business performance. Business analytics is a key tool in business intelligence and can be used to analyse data from any source. The goal of business analytics is to identify opportunities and risks so they can perform better in the marketplace.
Business analysts are expected to use their skills to help companies make smarter decisions by analyzing large amounts of data (for example, sales figures and customer behavior) and identifying trends that indicate where they should focus their efforts. Like entrepreneurship, the MBA career potential also includes careers such as business analytics, given the wide scope of the degree.
3. Investment Banking
If you want to make big money, consider a career in investment banking. It’s a high-paying and competitive field that requires strong math, finance and communication skills. You’ll need an undergraduate degree from an accredited college or university and good grades in business classes (with an emphasis on accounting, economics and financial management). The roles are generally quite high-stress as you’ll be managing large amounts of money for clients, and performance is mandatory. If you’re not used to these kinds of environments, then these career paths for business graduates may not be for you.
4. Supply Chain Manager
While not the first career to come to mind, computer science careers are some of the best paying for business graduates. These professionals use mathematical models and algorithms to solve problems. They work with both software and hardware, so they need to be able to communicate effectively with other workers in a team environment.
The high pay results from the demand for people who can use technology daily, with most of the population using smartphones and social media daily. Learning how computers work can be fascinating for many students, and it would certainly be one way to find yourself making good money when you graduate from college or university.
5. Information Systems
While not the first things to come to mind, many business graduates have great-paying positions within Information System roles. Information systems is a field that focuses on the management of data and information. These professionals work with companies to manage their systems and use technology to gather data about customers or other businesses.
There are several ways to earn an information systems degree from a business school:
- Bachelor of Science in Business Administration with a concentration in Information Systems (BSB/IS)
- Bachelor of Science in Business Administration with a concentration in Management Information Systems (BSB/MIS)
If you have a propensity for computing or data and an interest in business, then this could be a great option for you. Because the field isn’t oversaturated, it is rich with opportunities for growth and development.
Your Pick
The business world is constantly changing, and it’s important for students to stay up to date on the latest trends. If you’re interested in pursuing career paths for business graduates, then consider some of these top-paying options that are sure to impress your future employer.
