List Of 20 Career Opportunities In Business Studies [With Salaries]
In education, certain fields of study often face skepticism due to their perceived lack of direct application in real-world scenarios. Courses like philosophy, fine arts, and even some social sciences are sometimes viewed as less practical than career-oriented programs such as engineering or medicine.
Business studies, however, strikes a unique balance between theoretical knowledge and practice, making it one of the most adaptable disciplines available. Rooted in fundamental principles like management, economics, and communication, it offers a robust foundation that can be applied across various industries. Yet, despite its versatility, some still underestimate its potential, assuming it leads to generic roles or limited opportunities.
This article challenges that perception by showing the diverse and lucrative career paths available to business studies students. Whether you’re a student considering your options or a professional looking to pivot into the business world, understanding the breadth of opportunities in this field is key to making informed career decisions. Here, we list 20 career opportunities in Business Studies and their salaries.
20 Career Opportunities in Business Studies
1. Business Analyst
A career as a business analyst offers the opportunity to act as a link between an organization’s business objectives and the solutions needed to achieve them. Business analysts work to understand business needs, identify inefficiencies, and propose strategies to improve processes and systems.
They can collaborate with stakeholders and project managers to gather and analyze requirements. They may also evaluate the feasibility of proposed solutions, create detailed reports, and design workflows that align with organizational objectives. The role requires analytical thinking, problem-solving skills, and effective communication to translate complex technical requirements into practical business insights.
To excel in this field, professionals must have a strong understanding of business operations and the ability to interpret data using Excel, SQL, or business intelligence software. Certifications like Certified Business Analysis Professional (CBAP) or PMI Professional in Business Analysis (PMI-PBA) can significantly enhance credibility and career prospects.
Earnings for business analysts are influenced by industry, level of expertise, and other factors. In the United States, the average salary is $85,125 annually.
2. Financial Analyst
A financial analyst evaluates financial data to help businesses and individuals make informed investment decisions. Financial analysts assess economic trends and forecast potential outcomes to guide budgeting, investments, and risk management decisions. Their expertise ensures that organizations allocate resources efficiently and maximize returns.
Financial analysts may specialize in investment banking or portfolio management in this role. They can also work with senior management to create growth strategies, conduct market research, and determine whether new initiatives are financially viable.
Financial analysts must be proficient in tools such as Excel, financial modeling software, and data visualization platforms. A Chartered Financial Analyst (CFA) certification can also boost career credibility.
In the United States, the average annual salary for financial analysts is $78,052.
3. Marketing Manager
A marketing manager’s job is to create and deploy strategies to promote a company’s products or services, create brand awareness, and drive sales growth. This role involves overseeing marketing campaigns, managing budgets, conducting market research, and working closely with sales teams to see that marketing efforts and business objectives align. The ultimate goal of a marketing manager is to draw up effective campaigns that resonate with target audiences and contribute to the organization’s success.
Marketing managers are responsible for studying market trends, customer behaviors, and the level of competition. They use this information to craft compelling marketing strategies, including traditional advertising, social media, SEO, and email marketing. In addition, they must be adept at using data analytics to measure campaigns and adjust strategies accordingly.
On average, marketing managers in the United States of America earn $78,260 annually.
4. Human Resources Manager
Human Resources Managers are the backbone of a company’s workforce strategy. They ensure that organizations are legally compliant and create environments where employees can flourish. From shaping organizational culture to implementing key policies, HR Managers are involved in nearly every aspect of employee engagement.
What sets HR Managers apart is their human empathy and business acumen. They steer through the complexities of recruitment and talent development, fitting the right people in the right roles. Beyond hiring, they improve employee relations, foster team development, and handle sensitive issues such as conflict resolution or performance management.
United States salaries are an average of $82,897 per year.
5. Operations Manager
Operations Managers are central to any organization’s efforts to ensure efficient daily function. They oversee a company’s production or service delivery processes, with eyes on schedule and budget.
This position calls for strategic thinking and hands-on management. Operations Managers must identify areas for improvement, analyze workflows, and develop plans to optimize resource allocation. They collaborate closely with different departments, balancing short-term needs with long-term business goals. Their decisions impact everything from cost management to quality control and customer satisfaction.
The average yearly salary for Operations Managers in the United States starts at $76,128.
6. Management Consultant
A management consultant advises organizations that want to boost performance and overcome challenges. These professionals dive deep into a company’s operations, analyzing existing practices, identifying inefficiencies, and offering strategies for improvement.
Consultants must be skilled problem-solvers, understand industry trends, and communicate effectively to recommend effective solutions. While they work independently, collaboration with executives and other stakeholders is key to implementing the suggested changes. Success in this field requires thinking critically, managing high-stakes projects, and adapting to various business environments.
US management consultants typically earn an average salary of $85,857 annually.
7. Entrepreneur
An entrepreneur is a person who starts a business, runs and manages it, and takes on financial risks in the hope of profit. The entrepreneurial journey is one of innovation, creativity, and relentless problem-solving. Individuals identify problems or gaps in the market and build solutions to address those needs. Entrepreneurs are responsible for developing business ideas, securing funding, managing day-to-day operations, and scaling their companies.
Success in entrepreneurship is often shaped by the ability to deal with uncertainty, pivot when necessary, and drive the business toward long-term sustainability. While there is no formal blueprint for success, those who can lead with vision, adapt quickly, and make calculated decisions have the potential to turn their ideas into successful enterprises.
Entrepreneurs’ earnings vary widely depending on the industry, stage of business, and success level. Many new entrepreneurs may not earn a salary early on as funds are reinvested into the business. However, successful entrepreneurs who scale their companies in the United States can earn an average of $85,302 per year.
8. Supply Chain Manager
A supply chain manager oversees the end-to-end process of bringing products from suppliers to customers. They manage the flow of materials, information, and finances across the supply chain so everything runs efficiently, on time, and within budget. From sourcing raw materials to overseeing distribution, they must coordinate between suppliers, manufacturers, and logistics providers, constantly optimizing processes to reduce costs and improve quality.
This role requires a keen eye for detail and strategic thinking to address challenges like inventory management and transportation logistics. Supply Chain Managers must also be skilled in negotiation and problem-solving to ensure that all parts of the supply chain are in sync. As global supply chains become more complex, they must stay ahead of trends and technological innovations to maintain a competitive edge.
Supply Chain Managers in the US earn an average of $98,369 annually.
9. Accountant
Accountants are there to maintain the financial health of organizations, with a job to keep accurate, complete, and regulations-compliant financial records. Their work involves preparing financial statements, managing budgets, overseeing tax filings, and performing audits to identify discrepancies or inefficiencies. In public accounting firms, private companies, or government agencies, accountants ensure that financial data is organized and transparent.
The role of an accountant demands analytical thinking and a strong understanding of financial principles. To perform their duties effectively, accountants must be familiar with accounting software, tax laws, and financial reporting standards. Many accountants also specialize in forensic accounting, management accounting, or auditing, which requires additional expertise.
The average salary for accountants in the US is $65,266. However, this figure can vary depending on specialization and experience.
10. Sales Manager
A Sales Manager leads and motivates a sales team to meet or exceed targets and drive revenue growth for an organization. This role involves developing sales strategies, setting goals, and tracking performance, all while maintaining strong relationships with key clients and stakeholders. Sales Managers are central in ensuring sales teams have the resources, training, and guidance necessary to succeed. They are also responsible for managing budgets, forecasting sales, and negotiating high-level contracts.
This role requires leadership skills, market knowledge, and adapting to changing market conditions. Sales Managers must analyze sales data to identify trends, opportunities, and areas for improvement. They must also encourage a competitive yet collaborative team environment where everyone is motivated and aligned with the company’s objectives.
The average Sales Manager in the US is paid $87,948 per year.
11. Investment Banker
Investment bankers help businesses and governments raise capital, facilitate mergers and acquisitions, and manage financial risks. They advise clients on the best financing, restructuring, or expanding strategies and often deal with complex financial instruments like stocks and derivatives.
These people typically work in high-stakes environments, where they are expected to steer through intricate financial environments and provide solutions that align with the client’s long-term goals.
This role demands financial modeling expertise and the ability to thrive in high-pressure situations. Investment bankers often work long hours, managing multiple deals simultaneously while keeping an eye on regulatory books. The fast-paced nature of investment banking requires strategic thinking and quick, informed decision-making.
The average annual earnings for an investment banker is $117,646. Top-tier investment bankers, particularly those at prestigious firms or leading major deals, can earn more, including bonuses and commissions.
12. Project Manager
Project Managers guide projects through every stage, from initial planning to final delivery. They oversee timelines, budgets, and resources, always there to oversee projects to completion on schedule and within financial constraints. They coordinate teams, manage risks, and ensure the project’s goals align with the broader business objectives.
Successful project Managers can handle multiple priorities while focusing on the project’s end goals. They must also be adept at problem-solving, communication, and leadership as they coordinate between departments and stakeholders. Project Managers also use various tools and methodologies, like Agile or Waterfall.
In the United States, Project Managers earn an average salary of $90,658 annually, with senior Project Managers or those working on complex, large-scale projects earning upwards or more.
13. Public Relations Specialist
Public Relations (PR) specialists manage and improve the public image of their principals or organizations. They craft compelling narratives that reflect the company’s values, communicate key messages to various audiences, and build relationships with the media.
PR specialists handle everything from press releases and media outreach to crisis communication and event planning. Their job can be summed up by making sure that the organization is seen positively and its reputation is protected during positive and challenging times.
Effective communication, media relations, and a deep understanding of public perception are essential skills for a PR specialist. They must also be adaptable and skilled at managing the media, handling social media platforms, and crafting messages that resonate with the public. Often, PR specialists work closely with senior executives to ensure that their strategies align with the company’s overarching goals and respond quickly to any PR crises or changes in public opinion.
The average salary for PR specialists in the US starts at around $60,301 annually, depending on experience and location.
14. Risk Manager
As the title implies, Risk Managers identify, analyze, and diffuse potential risks that could affect a company’s financial stability, reputation, or operational success. They dissect and deal with internal and external factors that could lead to economic losses, legal challenges, or operational disruptions and then develop strategies to manage these risks effectively.
This process could involve ensuring compliance with industry regulations, forecasting potential market changes, or evaluating cybersecurity threats. Risk Managers help companies make informed decisions and safeguard their assets by identifying risks early.
The role requires a strong analytical mindset and the ability to assess quantitative and qualitative data. Risk Managers must be familiar with various risk management techniques, from insurance to hedging strategies, and need to stay updated on laws, regulations, and industry trends.
In the US, Risk Managers can expect to earn an average of $107,575 annually, depending on experience and industry.
15. Data Analyst
Data Analysts are the go-to persons for the interpretation and analysis of data to help organizations make informed decisions. They compile, process, and perform statistical analyses on large datasets. Their work often involves identifying trends, patterns, and correlations that can improve business processes and drive strategic decisions. Data Analysts are key in various industries, from healthcare and finance to marketing and technology, where data-driven decisions are critical for success.
A successful Data Analyst must have a strong foundation in data manipulation, statistical analysis, and data visualization tools like Excel, SQL, Python, or R. They also need a keen eye for detail to identify discrepancies and ensure the accuracy of their findings. Problem-solving skills and the ability to work with large volumes of data under tight deadlines are also important traits for this role.
Data Analysts in the United States earn an average salary of $80,917 yearly, with additional compensation tied to performance and project outcomes.
16. E-commerce Manager
E-commerce Managers oversee a company’s online store or digital marketplace, ensuring that it provides a seamless experience for customers while driving sales. They manage everything from the design and functionality of the website to marketing strategies and customer service. E-commerce Managers analyze trends, track customer behavior, and implement strategies to optimize the online shopping experience, improve conversion rates, and increase brand visibility.
This role calls for technical skills and data-driven decision-making. E-commerce Managers must be familiar with website platforms, content management systems, SEO strategies, and online advertising. They also need to stay on top of emerging trends in e-commerce, such as mobile shopping, personalized experiences, and automation tools.
In the United States, E-commerce Managers can expect to earn an average of $76,336 annually, depending on experience and company size.
17. Retail Manager
Retail Managers are there to oversee the daily operations of a retail store, ensuring that customers and staff have a positive experience. They manage store operations, sales, inventory, and staff, aiming to achieve sales targets while maintaining excellent customer service. Retail Managers make sure the store’s layout, displays, and inventory reflect the brand’s vision and that the team works efficiently to meet the store’s objectives. They also handle staffing, training, and health and safety regulations compliance.
This role requires leadership, excellent communication skills, and a deep understanding of customer behavior. Retail Managers must also be able to analyze sales data, track trends, and develop strategies to improve performance. They must also be adaptable, especially as the retail environment continues to evolve with advancements in e-commerce and consumer habits.
The average salary in the United States for Retail Managers is $79,761 annually.
18. Auditor
Auditors play a big part in an organization’s financial integrity by examining financial records and statements to ensure accuracy and compliance with regulations. They conduct detailed assessments of financial operations, identifying discrepancies, fraud, or inefficiencies and providing recommendations for improvement. Auditors can work within a company or for an external firm, reviewing accounting practices, internal controls, and overall compliance with financial regulations such as GAAP or IFRS.
An auditor must know accounting software, tax laws, and financial reporting standards. They must also be able to communicate findings clearly to financial and non-financial stakeholders.
Depending on the nature of their work, auditors may specialize in areas like internal auditing, tax auditing, or forensic auditing, each requiring additional expertise and focus.
Auditors in the US earn an average salary of $65,416 per year.
19. Corporate Trainer
Corporate Trainers design and deliver training that helps staff members develop the skills they need to perform their roles effectively. They identify skill gaps, create training materials, and conduct workshops or seminars to improve employee performance, productivity, and morale.
This role requires strong communication and presentation skills, as Corporate Trainers often lead training sessions for diverse groups of employees. They must also be adept at tailoring training materials to suit different learning styles in person, virtually, or through blended learning.
Additionally, trainers must be proactive in evaluating the effectiveness of training programs, gathering feedback, and continuously improving the materials and delivery methods.
Corporate Trainers typically earn an average salary of $66,877 in the United States annually.
20. Economist
Economists study the production, distribution, and consumption of goods and services, using data and models to analyze economic trends and inform decision-making. They play a critical role in the public and private sectors, advising businesses, governments, and organizations on economic strategies and policies. Economists analyze data on various factors, such as inflation, unemployment, and market behavior, to help shape policies that promote financial stability and growth.
The role requires strong analytical, mathematical, and research skills, as economists need to evaluate complex data and draw actionable conclusions. They must be proficient in statistical software and data analysis tools, and their findings often require clear communication through reports, presentations, or policy briefs.
Economists also need to stay informed about current global and national economic conditions, which can rapidly shift and affect markets, making the ability to adapt and predict changes essential. Economists may specialize in microeconomics, macroeconomics, or international trade, depending on their focus.
The average salary for an Economist in the United States is $112,823 annually.
What Can I Do With a Business Studies Degree?
A business studies degree equips you with transferable skills like critical thinking, problem-solving, and communication, which are valuable in virtually any industry. The careers listed above are just a starting point. You can enter finance, marketing, human resources, or even pursue entrepreneurship, depending on your interests.
What Jobs Need Business Studies?
Many industries rely on the expertise of business professionals, including:
- Financial services
- Healthcare management
- Technology firms
- Retail and e-commerce
- Consulting agencies
From analyzing market trends to managing teams, the skills you gain in business studies are highly sought after.
What Jobs Can Business Studies Get You?
Business studies can lead to roles such as business analyst, financial manager, marketing executive, or operations leader. It’s a degree that allows you to explore diverse career paths and industries, offering flexibility and growth potential.
Final Thoughts on List 20 Career Opportunities in Business Studies
A degree in business studies opens up a wealth of career opportunities. You can aspire to lead a team, manage finances, or launch your own business; the options are vast. Identify and align your strengths and interests with the career path that excites you most. With the potential for competitive salaries and professional growth, business studies is a smart choice for anyone looking to make a mark in the business world.
Note: Salaries are included as reported on Indeed.
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