Career Opportunities In Business Studies- Business studies is a field of study that is concerned with the principles of business, management and economics. The study combines the elements of financial, marketing, human resource management and operations. There are so many career opportunities in business studies and in the following paragraphs, we would discuss them in full.
Different Career Opportunities In Business Studies
Here are the different career opportunities in business studies:
- Accountancy
- Insurance
- Business Administration
- Entrepreneur
- Brokerage
- Human resources management
- Marketer
- Cashier
- Secretary
- Logistics
- Office Management
1. Accountancy
This is one of the great career opportunities in business studies. Accountants see to the measurement and processing and sharing of both financial and non-financial information of an organization.
Roles Of An Accountant
- They maintain financial records of an organization
- Track movement of funds
- Protect business assets
- Calculation of profit and loss incurred by an organization
Skills A Good Accountant Must Possess
- Strong mathematical skills
- Good attention to details
- Strong business acumen
- Organizational skills
- Time management skills
- Problem-solving skills
- Critical thinking skills
- Analytical skills
2. Insurance
This is also among the good career opportunities in business studies that involves risk management. They are different types of insurance : health , auto, life and long-term disability. Insurance companies works to help people regain financial balance , after a negative event.
Skills Needed To Be An Insurance Agent
- Good mathematical skills
- Strong attention to details
- Good interpersonal skills
- Excellent customer service
- Good communication skills
If you desire to work in the insurance company, you can work in any of these roles; Actuary, Sales agent, Claims, Adjuster, Underwriter, etc.
3. Business Administration
Business administration involves coordinating and management of activities geared towards achieving set goals and objectives of an organization.
Roles Of A Business Administrator
- Manage and coordinate business operations
- Oversee the activities of the staff
- Manage business resources
- Hire new staffs
Skills Needed To Be A Business Administrator
- Effective communication skills
- Leadership skills
- Inter-personal skills
- Planning and organizing skills
- Negotiation skills
4. Entrepreneur
The job of an entrepreneur is also among the top career opportunities in Business studies. An entrepreneur is an individual that discovers a problem and then develops a business idea to solve that problem.
Roles Of An Entrepreneur
- Identify market opportunities
- Develop strategies to take up new opportunities
- Start up and manage business opportunities
- Oversee activities of employees
- Hire staffs
- Decision making and risk-taking
Skills An Entrepreneur Needs
- Strategic planning
- Communication
- Time management
- Leadership
- Problem solving
- Marketing
- Management
5. Brokerage
Brokerage is also among the career opportunities in business studies. As a stock-broker, you will be buying and selling stocks and securities on behalf of your clients.
Responsibilities Of A Stockbroker
- They manage investment portfolio of their clients
- Offer investment advice to clients
- Update clients regularly on the status of their client investment portfolio status
- Keep clients informed when new investment opportunities show up
- Search for new clients
Skills Needed By Stockbroker
- Communication
- Interpersonal
- Mathematical
- IT skills
- Negotiation
- Analytical skill
- Decision making
6. Human Resource Management
It falls among the career opportunities in business studies. The human resource is the unit that controls and manages the employees in organization.
Roles Of Human Resource Manager
- Motivate employees to greater productivity
- Organize training programs at regular intervals for staffs
- Hire and train new staffs
- Maintain company culture
- Ensure compliance
- Carry out disciplinary action when necessary
Skills Needed For Human Resource Manager
- Leadership skills
- Communication skills
- Decision making skills
7. Marketer
A marketer is involved in the promotion of the products and services of an organization. They are also involved in creating brand awareness and promoting good image of the company.
Roles Of A Marketer
- Create brand awareness
- Carry our marketing campaign
- Conduct market research
- Create content that would promote company’s product and services.
Skills Needed By A Marketer
- Effective communication skills
- Analytical skills
- Project management
- Can work under pressure
- Effective collaboration/ team work skill
8. Cashier
A cashier works in a business setting to handle sales, collect payments and issues receipts appropriately. It is another great career path in business studies.
Roles Of A Cashier
- Processing of sales transactions
- Acceptance of payments
- Issues bills and receipts
- Reconciliation of cash withdrawals and sales receipts
- Handles customer’s complaints
- Answer customer’s inquiries about products and services
- Customer service skills
- Excellent communication skills
- Attention to details
- Knowledge of POS system
- Ability to work under pressure and in a fast-paced environment
9. Secretary
A secretary works as an administrative professional. He/ She has very critical roles to play in the corporate environment.
Roles Of A Secretary
- Welcomes and receives guests
- Answer and direct phone calls
- Schedule meetings and conferences
- Organize documents and files
- Assist executives with project tasks
- Organize and distribute messages
Skills Needed By A Secretary
- Good communication skills
- Team work skills
- Attention to details
- Negotiation
- Flexibility
- Organization and time management skills
10. Logistics
Logistics is a critical aspect of supply chain management. It is one of the good career opportunities in business studies. Logistics is the acquisition, storage and transportation of goods from its source location to its destination.
Responsibilities Of Logistics Company
- Warehousing
- Packaging
- Processing of order
- Transportation
- Inventory management
- Cargo handling
Different Job Roles Obtainable In A Logistics Company
- Dispatcher
- Logistician
- Operations manager
- Warehouse logistics manager
- Supply chain manager
- Inventory Manager
- Customer service representative
- Freight forwarder
- Truck driver, etc.
11. Office Management
It involves the design , implementation and evaluation of workflow in an organization in order to attain efficiency and productivity. An Office manager is a personnel functioning in office management role.
Roles Of An Office Manager
- Facilities and human resource management
- Project management
- Recruitment and training
- Monitoring and reviewing of systems
Skills Needed For Office Manager
- Problem solving
- Time management
- Decision making ability
- Ability to work under pressure
Conclusion
Accountancy, stockbroking, business administration are some of the career opportunities in business studies. With a qualification in business studies, you can choose to start your own business or work as part of a team in an organization. The knowledge and skills required to do any of such will be acquired why studying in college.
Frequently Asked Questions
What career opportunities exist in business studies?
When you take studies related course, you can work in the following capacity; secretary, entrepreneur, cashier, accountant, stockbroker, business administrator, etc.
What are some of the benefits of getting qualification in business studies?
You get an understanding of how business works such that you can set up your own business if you want
You acquire essential skills for life and work e.g problem solving, decision making, presentation skills, analytical skills, etc.
What field of business is the best to study in?
Finance
Accounting
Marketing
Logistics/ Supplychain
Business administration
Management information system
Is business studies a good career path.
Yes. It is a good one most especially for people who aspire to be entrepreneurs and business leaders. You get to acquire knowledge and skills needed to pursue career opportunities even at global level and helps you understand how business works.
What is the topmost and highest paid job in business?
The job of a chief executive officer is the topmost position and also the highest paid in an organization.
References
- www. indeed. com- What does a secretary do? 12 Essential secretary duties
- https: // emeritus. org- Who is a marketer and what is their role in growing business
- www/ kofastudy. com- Career opportunities in Business studies
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