So you’ve decided to major in business. It’s an excellent choice if you’re interested in a versatile career path. Many students that graduate with a business degree end up working in various positions, including management, payroll and network administration. The path you take will depend on the positions you acquire early in your career and the promotions you receive throughout your years. You may learn that you like a particular position better than others and end up on a completely different career path than you set out on when you graduated. That’s the beauty of having a business degree.
If you’re studying for one or contemplating majoring in business, then see if the following career options interest you.
Chief Investment Officer (CIO)
This is an ideal job for someone who is good at negotiating with and wooing people. In this position, you’re responsible for raising capital and entering into investment deals for the organization you’re employed by. You will also manage fund portfolios, which are designed to increase the profits of the company. The salary of CIOs is in the six figures, ranging around $151,424 annually.
Partner at an Accounting Firm
There are two types of accounting firm partners – salaried and equity partners. As an equity partner, you’re considered a high-level asset for the firm, since you invested some of your own money into the company. As a salaried partner, you don’t have to invest your own money, but may still be qualified to receive profit-sharing. Your job will be to choose managers, evaluate the performance of managers and establish the procedures and policies for the firm. The average salary for this position is around $163,225.
If you’re good at counting and managing money, then this is a good career path. In this position, you will be responsible for managing the daily cash flow of a company. You will also have to come up with departmental strategies for management and create data analyses and reports to be used by the management team. Other responsibilities include managing, evaluating and disciplining employees. The median salary for treasurers is $87,435.
This is pretty self-explanatory – as a payroll director, you will be responsible for overseeing the payroll department. This includes payroll taxes and payroll accounting, which you will oversee for the company. In some cases, you will also be responsible for hiring new workers. External and internal audits are sometimes performed by individuals in this position. Other duties would include upgrading payroll software, automating payroll processes and fixing issues found in payroll. The median salary for this role is $89,640.
Financial Analysis Manager
In this role, you will be collecting data related to the financial performance of your company and then consolidating it into a complex report. You will play a big part in the financial decisions of the organization based on your knowledge and expertise. You will also manage a groups of financial analysts, who will help you reach company goals within a reasonable time frame. The average salary for financial analysts is $90,539.
If a business degree isn’t cut out for you, then consider Rutgers online social work masters program. However, if you think one or more of these careers is right up your alley, then majoring in business is a good option.