Getting that business degree is an immense feeling, but another feeling that comes is more along the lines of: “well, what do I do now?”
A business education is highly sought-after and most employers want to come across it as they can have faith that you will know how to handle their business and yourself.
You will get a lot of transferable skills from your business degree like analytical skills, problem solving, time management, and critical thinking.
With a business education degree, especially from a good establishment which has a focus on real-life work situations like finance – as Hult International Business School does for example, it is likely you have been well-groomed to understand what makes a good investment and what doesn’t.
Investing is no different to having a business, it is just that an investment alone is a business.
Your transferable skills in maths and management make anything to do with money management a great place to use these skills. Salaries average at around the £50,000 mark and can go well into £100,000.
A position within data analysis is a great place to start, and it is ideal for those of you that have got a head for numbers. You can earn well too, with salaries starting from around £25,000 and going up to around £60,000 at the top end.
In terms of what you will be doing, you will be looking at data analysis tools online which will give you an overview of datasets across areas of your business like finance, marketing, sales, general business and quality control.
As a business advisor, you would provide business owners with advice covering business and finance to sustainably grow the business. You would also help with important elements of a good business like a plan, marketing strategy, and so on.
There are many routes into this career like having your own business, and you can always shadow or get into it via schemes ran by your university or by your government.
The average salary of a business advisor starts from around £24,000 right up to around £50,000 for professionals with more experience.
Managing a business, whether it is your own or not requires most of the transferable skills you learnt in your business education degree like communication, analysis, entrepreneurship and so on.
Being a retail manager is a common choice for many business education graduates, and it is a good role if you want to learn more about business and what it takes to run businesses in a more practical environment, and it can also help you to figure out if there is an industry you would like to specialise in.
The average salary of a retail manager starts from around £20,000 and those with more experience can earn up to around £35,000.
Brand marketing manager
Chances are, if you know how to run a business, you know how to make a business run. Marketing is an invaluable tool for businesses to reach their target customers.
This is the job for you if you have a business mind that has got a creative edge to it, and it will be your job to promote the brand and make sure the image of the brand reflects and entices the target market.
You can work as a brand marketer within a company or you can work for yourself on a consultancy basis. Salaries for this position start from around £25,000 and can go up to £60,000.
With a position in financial planning, it would be your job to plan out finances for a business or person. This would also cover areas of business like helping to map out business plans and marketing strategies.
Your responsibilities would include preparing cash flows and helping plan for retirement or investments, as well as managing other aspects of finance like risks, insurance and tax.
The average salary of a financial planner is around £40,000. This figure can go higher though if you work on a consultancy basis.
Accountants are in demand in any economy, and this is because these people are arguably who is between business and government.
It is up to an accountant to help with tax and earnings as well as tracking all profits and expenses, along with other notable responsibilities that come with this role.
A head for numbers is vital and you can earn anything from £30,000 right up to more than £100,000.