Deciding on a career for yourself can sometimes be complex and confusing. With so many options to explore, you might find yourself overwhelmed searching for an answer to the question: what is best for me? This decision impacts our lives since it determines the course we are going to embark upon in the future. Naturally, one cannot make any compromise in this regard.
Business majors are an appealing option for students because of their versatility and requirement in every walk of life. Graduates in business majors are crucial for the operation of every organization and company, regardless of its nature. So, if you have decided to pursue a career in business, you are halfway there. You will now have to look into the options the domain offers. To help you with that, here are some of the trending business majors you can look into and consider.
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1. Supply Chain Management:
As modern transportation has contracted the distances, the movement of goods from one place to another is now more than ever. Supply chain management is about managing the flow of goods from their origin to consumption with optimum cost efficiency. As a supply chain manager, you would manage the logistics of all parts of the supply chain.
It includes the transport of raw materials, their processing, delivery, and the return of defective products in an economical way. The aim is to maximize the company’s profit by cutting down extra costs associated with the supply of the goods. If you are interested in this area, you can acquire a Supply Chain Management Graduate Degree to understand the complexities of global operation systems and boost your career. Some of the job opportunities in this domain are purchasing agent, operation manager, logistics analyst, storage and distribution manager, etc.
Are you good with numbers? If yes, then accounting might be the right choice for you. It is about recording the financial transactions of a business, which includes summarizing, analyzing, and finally reporting them to the concerned entities. Two main types fall under the umbrella of accounting. These are managerial accounting and cost accounting.
Managerial accounting generates monthly reports to help the management team make decisions about the business operation. It also includes dealing with any information that helps with the management. On the other hand, cost accounting helps businesses make decisions about the costings. They analyze the costs associated with the manufacture of a product. Business owners and analysts then use this information to set the price of a product.
To be a qualified accountant, you need to pursue degrees such as Certified Public Accountant (CPA), Certified Management Accountant (CMA), or a Chartered Accountant (CA), and many highly paid jobs would be waiting for you!
What can be better than investing all of your efforts in your business? If you are creative and have the drive to think out of the box, consider setting up your business. A degree in entrepreneurship can help you navigate your way in this competitive world.
It would develop an understanding of all the aspects of business and instill the skills of leadership and management. The first important thing to do is to overcome the risks of startups. There would be high chances of unparalleled growth after that, something that jobs usually do not offer. So, if you have a spark, do not hesitate to start this exciting journey.
4. Electronic Commerce (Ecommerce):
Advanced means of carrying out a business is what the modern-day demands. Ecommerce is a smart means of doing business, allowing the selling and purchasing of products over the internet. It is the best solution to outgrow the barriers of distances and traveling, enabling the products to be sold overseas conveniently. The shopping trend has especially changed after the pandemic, with more and more people preferring to shop from the comfort of their homes.
If you are interested in IT and are good at handling technology, look into this profession. Strategies for a smooth online shopping experience call out for qualified staff. You would require an associate degree in e-commerce for an entry-level position and a bachelor’s degree for managerial posts. The job options are web developers, e-commerce project managers, market research analysts, etc.
5. Healthcare Administration:
Healthcare businesses serve to fulfill the most desperate need of people. For the same reason, they thrive in every corner of the globe. In the post-pandemic world, their importance has intensified. So, you can always count on being a part of its administration which manages all the non-clinical affairs of a healthcare facility.
As a healthcare administrator, your core job would be to ensure the smooth running of the hospital. You can enter this domain by pursuing a bachelor’s degree in healthcare administration. However, you will need a master’s degree to qualify for the higher ranks. The job options available in this regard are medical staff directors, ambulatory care, medical coding and billing managers, emergency preparedness administrator, etc.
Business majors provide a wide spectrum of options and opportunities for you. With the wonders of technology, many new careers have surfaced that you can consider for yourself. All you have to do is to choose a path that best complements your skills and interests, and you are all set to shine!