Cooper Business School

By Katrina Robinson

If you’re interested in pursuing a business degree, or are already in the process of majoring in business, you may be wondering what types of careers you can look forward to after graduation.

Business major graduates have a wide variety of professional paths that they can choose from; it’s all a matter of preference and where their strengths and weaknesses lay. Check out the following five career choices that are common for business majors, and see if one of them appeals to you:

1. Management Consultant

A management consultant’s role is to advise executives on ways that their organization can improve, in either efficiency or profits. This career path promises a very high starting salary, which is rarely the case for recent college graduates. Furthermore, there is a very good long-term earnings potential with this position. If you’re interested in pursuing this type of professional path, consider gaining your experience by aiding a start-up small business or non-profit organization find its niche in the market.

2. Personal Financial Advisor

This position involves assessing the financial needs and goals of individual people rather than business or organizations. A personal financial advisor helps families set up budgets, plan for their future, and manage their investment plans. If you’re considering going into the personal financial advisor role, you may want to think about getting a master’s degree, as it will help you to earn more in this career.

3. Actuary

An actuary assesses risk factors, primarily for insurance companies. By using his or her background in business, statistics, and finance, an actuary can help insurance companies make the right decisions regarding whether or not to insure organizations or individuals. Jobs in this field are projected to grow much faster than normal, so there should be plenty of opportunities if you’re interested in becoming an actuary.

4. Investment Banker/Trader

You wouldn’t automatically think that a person with a business degree would be perfect for a position as an investment trader, but it’s the truth. Investment bankers typically specialize in trading financially, such as with stocks or bonds. If you’re interested in number-crunching and dealing with various people on a daily basis, this may be the ideal career for you. Start now by becoming well-educated about the stock market and investing in general.

5. Business Manager

Business and retail management is a growing field, but it is often overlooked because it doesn’t have the same pizzazz as some of the other careers that business majors commonly go into. However, these are very secure careers that also are well-paying. As a business manager, you’ll help to keep the business afloat and work with a wide variety of people. While business managers typically don’t have the highest starting salaries, there is lots of room for advancement.

Here are just five careers that you can consider if you’re a business major. Which of these careers appeals to you?

Katrina Robinson is a freelance writer who covers a wide variety of subjects, from personal finance to obtaining a private student loan.

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