Careers in the Business Management & Administration Industry
~ Guy Kawasaki American Marketing Specialist, Author, and Silicon Valley Venture Capitalist
Top Jobs in business management & administration - Check out some of the fastest growing jobs
operations Research analysts
- Job outlook: 25% increase from 2019-2029 (BLS)
- Average salary: $84,810 per year/$40.78 per hour (BLS)
- Education requirement: Bachelor’s Degre25
Emergency Management Directors
- Job outlook: 4% increase from 2019-2029 (BLS)
- Average salary: $73.590 per year/$35.86 per hour (BLS)
- Education requirement: Bachelor’s Degree
Management Analysts
- Job outlook: 11% increase from 2019-2029 (BLS)
- Average salary: $85,260 per year/$40.99 per hour (BLS)
- Education requirement: Bachelor’s Degree
business management & administration occupations
careers within business management & administration
With 2020 being a year of sustained dynamic instability, it has caused aftershocks that will continue to challenge us on the importance of maintaining the ability to quickly pivot to meet the demanding and ever-changing nature of business. This being said, businesses will more than ever depend on employees to assist with the destabilization that has changed the course of business for the foreseeable future. To meet these challenges, managers will need to “upskill” and cultivate some primary competencies through a hybrid of technical and soft skills, and adapt to the increasingly digitized and potentially remote workplace.
The business management & administration industry has a multitude of opportunities for you. Explore all the paths you can take in this industry or explore some of the top occupations by checking out the top jobs.
General and Operations Managers
Plan, direct, or coordinate the operations of public or private sector organizations, overseeing multiple departments or locations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services. Usually manage through subordinate supervisors. Excludes First-Line Supervisors.
budget analyists
Budget analysts advise organizations—including governments, private companies, and universities—about the details of their finances. They prepare annual and special reports and evaluate budget proposals. They analyze data to determine the costs and benefits of various programs, and they recommend funding levels based on their findings. Although government officials or top executives in a private company usually decide on an organization’s budget, they rely on the work of budget analysts to prepare the information for that decision. Throughout the year, budget analysts oversee spending to ensure that organizations comply with the budget and to determine whether certain programs need changes in funding. Analysts also evaluate programs to determine whether they are producing desired results. In addition to providing technical analysis, budget analysts must communicate their recommendations effectively within the organization. For example, if there is a difference between the approved budget and actual spending, budget analysts may write a report explaining those discrepancies and recommend changes to reconcile them.
Operations research analysts
Operations research analysts are involved in all aspects of an organization. They help managers decide how to allocate resources, develop production schedules, manage the supply chain, and set prices. For example, they may help decide how to organize products in supermarkets or help companies figure out the most effective way to ship and distribute products. Analysts must first identify and understand the problem to be solved or the processes to be improved. Analysts typically collect relevant data from the field and interview clients or managers involved in the business processes being examined. Analysts show the implications of pursuing different actions and may assist in achieving a consensus on how to proceed.
Administrative Services & Facilities managers
Administrative services and facilities managers plan, direct, and coordinate activities that help an organization run efficiently. The specific responsibilities vary, but these managers typically maintain facilities and supervise activities that include recordkeeping, mail distribution, and office upkeep. In a small organization, they may direct all support services and may be called the business office manager. Large organizations may have several layers of administrative managers who specialize in different areas.
management analysts
Management analysts, often called management consultants, recommend ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. The work of management analysts may vary from project to project. Some projects require a team of analysts, each specializing in one area. On other projects, analysts work independently with the client organization’s managers. Management analysts often specialize in certain areas, such as inventory control or reorganizing corporate structures for efficiency. Some focus on a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency. Organizations hire management analysts to develop strategies for entering and remaining competitive in the market.
