Business has long been considered one of the most practical majors for college students, and one of the best for helping grads land jobs. Not only does a strong educational background in business open up a graduate to a broad spectrum of job opportunities, but it also specifically prepares them for high-paying jobs in accounting, finance and marketing. Here we have compiled a list of the 10 fastest-growing careers for business majors.
- Personal financial advisors. A business degree prepares these professionals to successfully assess the financial needs and goals of individuals. After building a reputation and a significant client base, you can make really good money in this profession. More good news is that jobs in this profession are expected to grow by a whopping 30 percent between 2008 and 2018.
- Market research analysts. Employment growth for market research analysts is also expected to surge throughout the next decade, the Bureau asserts. Employers are expecting to add tons of new jobs for a projected employment growth rate of 28 percent between 2008 and 2018.
- Financial analysts. These professionals look over the books for individuals and corporations and assess the performance of their stocks, bonds and other investments. Not only do financial analysts bring in high salaries on average, but their profession is expected to experience growth of 20 percent between 2008 and 2018, the Bureau said.
- Cost estimators. It is a business major’s preparation in mathematics that equips him or her for this career. Cost estimators are known for accurately predicting the cost, size and duration of future business projects for a wide range of companies. These professionals are projected to experience 25 percent employment growth from 2008 to 2018.
- Management analysts/consultants. Management analysts are hired by organizations to propose ways to increase that organization’s structure, efficiency or profits. Jobs in this profession are projected to grow by 24 percent between 2008-18.
- Human resources, training, labor relations managers. These professionals are often part of the management team of corporations of varying sizes. They are projected to experience 22 percent employment growth from 2008-18.
- Accountants/auditors. Employment growth for accountants and auditors is expected to be much faster than average, according to the U.S. Bureau of Labor Statistics. In fact, 22 percent employment growth is expected between 2008 and 2018, the Bureau predicts.
- Actuaries. An actuary uses his background in statistics, finance and business to assess risk factors primarily for the insurance industry. Jobs in this line of work are projected to grow much faster than average, the Bureau said. Employment of actuaries is expected to increase by 21 percent from 2008-18.
- Budget Analysts. Working mostly for local, state and national governments, budget analysts help different entities allocate their financial resources. It’s a job that was, is, and will be very much in demand well into the future. Employment growth is projected to be 15 percent between 2008 and 2018.
- Sales managers. Like budget analysts, sales managers are also expected to experience 15 percent employment growth between 2008-18, according to the Bureau. Managerial experience is invaluable in the business world, and a strong business education is often a ticket to key leadership positions in management.
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