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What Can You Do With a Business Degree in the US?

What Can You Do With a Business Degree in the US?

What Can You Do With a Business Degree in the US?
Photo 1454923634634 Bd1614719a7bA business degree in the US (and other countries) generally leads to various job roles and industries. Business graduates gain transferable skills that many employers from many industries look for. Moreover, globalization and the growing economy of the US have become a huge factor in the growth of job opportunities for business specializations, including finance. In fact, as things in business become bigger, it becomes more complex and the need for accountants, auditors, and financial advisors grows. 

High-Paying Business-Related Jobs in the US

In the US, job opportunities in business and finance are projected to increase 5% between 2019 and 2029. The percentage of growth, according to the US Bureau of Labor Statistics, is faster than most occupations’ average. Also, the sector is expected to add around 476,200 jobs in the US market. Graduates with business degrees can have consultancy jobs or work in retail and sales, media, advertising, and so on. 

Moreover, the average annual median salary for a job in the business sector in 2020 is about $72,250. An average that is higher than other sectors and occupations in the US these days. 

Below are some of the highest-paying jobs in the US for business graduates. 

Personal Financial Advisors

A personal financial advisor’s job is to provide their clients with the correct guidance so they can manage their finances well. Thus, their job includes providing advice to their clients when it comes to investment, mortgages, estate planning, taxes, insurance, retirement, and so on. Plus, they also monitor their clients’ accounts in case of some needed change. 

In 2020, a personal financial advisor can make around $89,330 in one year. 

Management Analysts

A management analyst sometimes works with a team of analysts, or independently, depending on their client organization’s needs. Their job is to advise managers on how they can make their organization more profitable by reducing costs and increasing revenues. Because of that, most management analysts also work as consultants. 

A management analyst can make around $87,660 in one year, per a 2020 estimate of the Bureau of Labor Statistics. 

Financial Analysts

A financial analyst usually looks at trends that affect specific regions, industries, and specific products. To do that, they assess stocks, bonds, and various types of investments. This is so they can guide businesses and individuals in deciding how they should spend their money to gain profit. Financial analysts also examine their client organization’s financial statements to determine their value. 

A financial analyst makes around $83,660 in one year, according to the Bureau of Labor Statistics.

Financial Examiners

Financial examiners are in charge of making sure that their individual client and client organization is in compliance with the law when it comes to handling monetary transactions. A financial examiner’s job includes reviewing balance sheets, assessing bank management, and evaluating a loan’s risk level. 

A financial examiner in 2020 can earn an average salary of $81,430 in one year.

Budget Analysts 

A budget analyst assists both public and private organizations in planning their finances by preparing budget reports and monitoring the organization’s spending. They also work with program managers in preparing and developing an organization’s budget.

In 2020, the annual median salary of a budget analyst will cost around $78,970. 

Take a business degree in the US now. Browse through MSM Unify’s list of business courses to start. If you need more information about the best business schools in the US, check out our article on Best Business Schools for Master in Business Administration (MBA) in the US.

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