The Accountancy, Business, and Management track is the perfect choice for students who are passionate about economics, marketing, entrepreneurship, and corporate operations. In particular, this strand essentially aims to produce future professionals who are competent in business communication, data analytics, financial management, and other areas relevant to the corporate world. Students who are equipped with these foundational skills will gain the opportunity to pursue various jobs in the industry, from financial management to business consultancy. Notably, however, most career paths in the field of business are among the most in-demand and highest-paying positions in the country.
If you’re wondering what you can do with a business degree in the future, you can rest assured that you have a lot of promising choices. Keep scrolling down to learn more about seven possible career paths that ABM students can take.
1. Sales Manager
Sales managers are tasked to lead their team in formulating business plans based on the company’s pre-existing data and future goals. This job is an ideal career path for detail-oriented individuals who want to develop strategic plans and guide colleagues toward fulfilling their sales goals. They must also clearly understand their target audience to ensure that their customers’ needs are in line with the products they’re selling. Thus, a bachelor’s degree related to marketing management or consumer behavior is a must to thrive in this field.
2. Business Analyst
A cross between information technology and entrepreneurship, business analytics is a fast-growing field owing to society’s shift to digitization. The job typically entails implementing various business information systems and overseeing market research to maximize a brand’s profitability. Apart from being knowledgeable in analytical and technological tasks, promising candidates for this job are also effective communicators and methodical problem solvers. Aspiring professionals may opt to take up information technology, management, or business administration in college to gain an advantage in the job market.
3. Account Manager
As the number-one contact person for clients, account managers are responsible for a wide variety of tasks involving customer service and financial management. More specifically, they have to interact with various clients every day to guarantee that customers are satisfied with their current account status. After communicating with clients, account managers collaborate with the sales team and find ways to improve their current services according to the customers’ feedback. Usually, a bachelor’s degree in business administration, marketing, or sales is necessary to qualify for this position.
4. Financial Analyst
Financial analysts are expected to be skilled in all data-related responsibilities, whether it’s gathering and organizing numerical information or analyzing and predicting future data trends. Furthermore, they must use their knowledge in numbers to suggest ways on how to further grow a business’ revenue and improve its internal processes. Financial analysts may also specialize in various fields such as investment banking, equity research, and corporate development. Regardless, nearly all professionals in the field come from an accounting or business administration background. Some also opt to take up an MBA to advance their career.
While financial analysts focus on hypothesizing future economic trends, accountants specialize in managing daily finances. This means that accountants typically deal with the nitty-gritty of financial operations like auditing and sorting taxes. Nevertheless, there are certainly overlaps between the two jobs, so analysts and accountants typically collaborate with each other to better corporate systems. Needless to say, an accounting degree will be instrumental in joining this industry.
If the 9-to-5 employee life doesn’t appeal to you, you’re better off starting your own business and being self-employed. While growing your own company from the ground up is difficult, you’ll be reaping the rewards of your hard work after a few years. Most successful business owners today are known to be innovative, data-driven, self-motivated, and adaptable. When it comes to technical skills, entrepreneurs should also have some knowledge in financial literacy, sales, customer service, and marketing. That said, taking up any business-related course in college will help prepare them for the highly competitive startup sphere.