A business management degree prepares you for a career in business, which may stretch across any sector or industry.
Studying a management degree gives graduates a broad knowledge of business, finance, economics, marketing, as well as a range of practical skills and work experience, making them highly sought after by graduate employers and for graduate training schemes.
There are many different career levels in the management field. You may work as an assistant manager. In this job, you will assist one or more other managers. You may be assigned a number of duties and will most certainly be responsible for overseeing other people.
You can also work as a mid-level manager. In this position, you will report to one or more executive managers and will most likely have an assistant manager to help you complete your duties. Mid-level managers typically supervise more people than assistant managers.
The highest level of management is executive management. Executive managers are usually charged with supervising all of the employees within a business. They are also responsible for supervising business operations.
A number of job titles exist within these three management levels. A business management degree prepares you for a career in business, which may stretch across any sector or industry.
Job titles are usually related to a manager's responsibility. For example, a manager that oversees people and human resources is known as a human resources manager. An accounting manager would be responsible for accounting operations, and a production manager would be responsible for production operations.
You will gain a number of transferable skills on your course, including:
- An understanding of organizational behavior and structure.
- Analytical and critical thinking.
- A creative approach to problem-solving.
- Persuasive written and oral communication.
- Numeracy and the ability to research, interpret and use business and financial data.
- Self-reliance, initiative and the ability to manage time, projects and resources.
- Appreciation of the causes and effects of economic and other external changes.
Career Opportunities with a degree in management:
Management consultant:- One of the most obvious careers paths with a management degree is management consultancy, in which you’ll help business improve their performance and evolve by resolving problems and using your business skills to offer objective, expert advice on the company’s strategy, structure, management, and operations. You’ll need to carry out research and data collection in order to best understand the company and its goals, and then identify issues, present your findings and help implement changes. This role involves a large amount of responsibility and pressure, and management consultants often work with minimal supervision, so it’s important to have the stamina and be self-motivated.
Production manager:- If you have an interest in manufacturing and want to combine this with the knowledge you acquired in your management degree, a role as a production manager could be for you, in which you’ll be responsible for the planning, coordination and technical management of manufacturing processes. Your exact responsibilities vary depending on the company size and the nature of the production system, but you’ll be involved with both human and material resources, designating both a timescale and budget for production jobs and being responsible for product standards and ensuring health and safety standards are met. Most production managers are employed by food manufacturing and processing companies.
Project manager:- Project managers are responsible for delivering projects on time and within budget by organizing people, resources and tasks. Also known as project coordinators and project officers, you could work in almost any sector and organization, from healthcare to construction or advertising. Your role will involve finding out the client’s goals, checking the feasibility of the project by analyzing budgets, teams and resources, negotiating with contractors and suppliers, monitoring progress and implementing changes where needed, reporting back to senior managers and the client, and evaluating the success of the project against its expectations, in order to learn from any mistakes.
Social media manager:- One of the newer management careers, if you’re an expert social media user and understand how engaging multimedia content can be used to promote businesses, you might enjoy a career as a social media manager. In this role, you’ll be responsible for developing and implementing strategies for social media marketing, including blogging, maintaining social media platforms, and creating and/or outsourcing videos. You might also be involved with other areas of marketing and communication, particularly in smaller companies. Social media is fast-paced and always changing, making your role difficult but always interesting.
Risk manager:- Risk managers advise organizations on the potential risks to its profitability, reputation, safety, security and even existence. After identifying and assessing threats, risk managers implement plans and processes to ensure their client is prepared when something goes wrong. You might specialize in a particular area, such as enterprise risk or corporate governance. This is a highly analytical role in which you’ll need to be aware of the company’s goals, legal requirements, costs, and environmental factors. You’ll also need to build relationships with clients and present your risk reporting in a suitable way to different audiences.
Best Management Degree Programs
There are many good schools that offer management degree programs. Some of the most well known specialize in business education. This is especially true of schools that offer bachelor's, master's, and doctorate degrees in management. Some of the best management schools in the United States include Harvard University, Tuck School of Business, Kellogg School of Management, and Stanford School of Business. You can see more business school rankings by clicking on the following links:
Best Non-Profit Management Schools - A list of the five best schools for non-profit management majors.
Best HR Management Schools - A list of the five best schools for human resources management majors.
Best Operations Management Schools - A list of the five best schools for operations management majors.
Other management careers you could pursue following your degree include roles in retail management, in which you’ll be responsible for the smooth day-to-day running of a store, working on the shop floor to deliver excellent customer service and meet the store’s financial goals. Or if you have an interest in finance and excellent numeracy skills to match, you could pursue a career as a forensic accountant. The skills gained from your management degree would also be useful for a role as a human resource manager, in which you’ll help employees develop their careers and look after relations, benefits, and welfare. You could also work as a sales executive/consultant, promoting products and services to customers and aiming to meet sales targets. And of course, your management degree could also enable you to have the skills and knowledge to become an entrepreneur and found your own business!