Business Management is a versatile career that presents opportunities in everything from sales to finance to technology. If you've studied Business Management and are wondering which path to go down, read on to discover the top careers available to you.
Workers who do the actual, practical tasks in a business need someone to report to, someone who will give directions, supervise, coach and provide feedback. That person is a team leader. This is perhaps the most common management role since every business with more than a few employees needs one or more team leaders. To progress to this position, it can be helpful to study for a Diploma of Business (or similar) or even go for a Master of Business Administration (MBA).
Business Development Manager
Also known as Sales Development or Strategic Programs Lead, this role requires inborn sales and strategic talent. An in depth industry knowledge and a h2 personal network is beneficial, but can be learned on the job. The purpose of the role is to identify a marketing and growth strategy for the business, and actively apply the strategy to win new customers and expand the business.
Perhaps the most glamorised business management career is starting and running your own business. But while working solo offers more freedom and variety, it requires hours of additional work and does not guarantee a salary. In addition to managing their business, entrepreneurs are required to carry out all the laborious tasks associated with promoting and selling a product or service. If you're adventurous, have a clear vision, and love going solo, this may be the path for you.
Finance managers graduate with a major in accounting or finance. They are essential for supporting business leaders in making financial decisions that keep the organisation on track to meet its goals. Finance managers track spending, monitor revenue, and offer general financial advice. They are vital to the success of the business.
Operations managers are responsible for overseeing the physical processes of the business. This may include manufacturing processes, keeping a facility up and running, or delivering a product. Since their role is to ensure a smooth day to day process, operations managers must have qualities such as emotional intelligence, great work ethic, initiative, and communication skills.
Becoming a project manager usually available only after you've gained industry experience, as it requires a deep knowledge of the business field and product or service. The project manager oversees a process with a clear beginning and end point, and ensures that every aspect is completed to industry standards. Higher level management skills are essential for this role.
Product managers have a task that is vital to the success of the company: overseeing the development and manufacturing of the product. This includes designing and implementing efficient production, ensuring high quality standards, and identifying successful marketing strategies to result in a good or service that meets consumer needs while providing profit to the company. Product managers work with marketers, financial advisers, and business executives to pull the process together and ensure that everyone is on the same page. A h2 industry knowledge is vital for this role.
Information Technology Manager
Info tech managers are the brains behind the technology and communication systems within an organisation, and are responsible for maintaining and installing systems as well as leading and growing the tech team. This position requires several years of industry experience, and is usually held by IT technicians who have risen to this leadership and administrative role.