Possible Career Options With a Degree in Business
Business degree programs offer a lot more flexibility than most majors when it comes to getting a job after graduation. This is because business programs allow students to explore so many different aspects of business operations, such as marketing, communications, finance, economics, production, and management, just for example. As a result, students who graduate with business degrees have almost unlimited options when it comes to seeking jobs. You could end up working on marketing campaigns for a corporation, managing a warehouse, or keeping the books for a restaurant or retail store. The point is that you have many career options to consider when you earn a degree in business. Some, however, are bound to be more desirable than others. Here are a few avenues to explore.
Chief Executive Officers (CEOs), Chief Financial Officers (CFOs), Chief Operations Officers (COOs), Chief Information Officers (CIOs), Chief Legal Officers (CLOs), and other chief-level executives, collectively known as the C-suite, are at the top of the food chain in the business world. The only way to hold a more powerful position is to own a private company. Your average business degree won’t allow you to start at this level, but you can definitely work your way up to a C-suite position with the right education and experience. The earning potential for chief- level executives will vary by company, but a six-figure salary is to be expected.
Becoming a Vice President (of business, finance, marketing, sales, operations, etc.) generally puts you at the senior management level in a company, just below the executives. The benefits to holding such a position are myriad. On the one hand, you’ll gain the ability to oversee an entire department, working with other VPs to make the overarching decisions that move the company forward. Unlike executives, though, you’ll still have some interaction with the people doing the work. In some ways, VPs get the best of both worlds. As a VP you should expect to earn a six-figure salary, generally averaging out around $150,000, according to salary data company Payscale.
In some businesses, there are actually two controller positions: the business controller and the financial controller. American companies generally merge the two into one position. As a corporate controller, you’ll utilize data analysis, logistics, and forecasting, as well as knowledge of production and sales, to spot inconsistencies, capitalize on business opportunities, and identify and eliminate waste within an organization. Controllers may also be responsible for understanding and managing liabilities, as well as legal and financial compliance. Balancing risk and reward is also part of this job. For these efforts, corporate controllers could earn close to $100,000.
No matter what industry you’re interested in, your business degree from Rutgers Online could allow you management opportunities. In fact, earning a business degree is one of the best ways to enter such positions without having to work your way up through the ranks of employees to become a general manager (going through several lower-level management positions along the way). Potential earnings will vary widely depending on the industry and the business you work for. As an example, however, the general manager of a hotel stands to earn an average salary of over $75,000.