Are management degrees worth it? Absolutely! All worthy knowledge is a plus. Any degree is marketable and will probably land you a job. Still, it is an important question if you are thinking of studying management as your major. However, priority is to determine your own ambitions, skills, and interests.
Do you really want to study management? Will you enjoy a lifelong career managing people and other types of resources in the business world? Your task to assess yourself and prepare for your future accordingly.
Management is actually a process of planning, organizing, staffing, directing, and controlling. Management is the administration of business, a not-for-profit organization, or a government body. It is mostly about handling people and believe it or not, there is a lot of psychology in investing.
Before moving ahead, you need to know that a management degree has two levels — undergraduate degree i.e. BBA. It provides knowledge about management and leadership competence and sharpens an individual’s skill to enter the business sphere. BBA candidates get more job opportunities over other graduates as the BBA program prepares them to enter the real corporate world.
The second level is — masters i.e. MBA. MBA is a highly specialized degree that dives deeply into one topic such as accounting, management, human resources, information technology, etc. They can achieve a lucrative career in the corporate world with handsome salary packages.
What I believe is that just a degree in management is not worth it, you need to have three basic elements to have this valuable career — certification, qualification, and experience. With these three in your resume, just hold your breath and wait for the job offers to come pouring in. Honestly, because a management degree is so broad, there are so many career options and routes you can take in life.
Here, in this article, you will find jobs that are directly and indirectly related to a management degree:
A management analyst is the one working for an IT firm or any firm and finds solutions to basic user problems and requirements. They are the professional who analyses the process, documents, or system of organization by accessing the business structure and its integration using the latest technology.
They are expected to impress the stakeholders and other authorities with their presentations, which in turn would have an amazing effect on business. I would say it’s an interesting job for nerds. And if you are that income-person then let me tell you that even the lowest-paid salary in this job is $62,500.
It’s a job with a low-stress level, good work-life balance, and solid prospects to improve, get promoted, and earn a higher salary. Also, it’ll keep you busy investing more than 40 hours per week.
Salary :- $85,260 per year
Qualifications:- Bachelor’s degree and Master’s degree.
General managers are the ones who look after the administration and make decisions and lead and direct employees. They are basically operational level employees. You need to act as a link between workers and higher-level authority and pass on their requests or complaints or anything to them.
Does this sound like what you’re looking for? You can definitely become a general manager if you have most or all of these skills — amazing verbal and written communication skills, critical thinking, an expert in financial management, ability to enforce and maintain high standards( even under pressure), planning, and managing a company’s performance. You also need to be street smart for the job to deal with basic regular employees’ problems.
Salary :- $52,960 per year
Qualifications:- Bachelor’s degree
HUMAN RESOURCE SPECIALIST
Are you curious as to what you will do in an HR career? They are basically responsible for recruiting the workforce and that itself is a huge task. It includes recruiting, screening, interviewing, and placing workers. HR managers basically plan, direct, and coordinate the administrative function of an organization. If you ever don’t fit in an HR specialist job, you can even shift to being an HR generalist.
The skills in both these jobs overlap, so you can move between the realms until you find the perfect fit. I believe it’s good to explore all the possibilities. HR is a very interesting and rewarding job to opt for after getting a management degree. All you need to have is a bright, enthusiastic, and thoughtful professional attitude, like to work in a team and truly enjoy working with people.
It’s not a career for somebody who is an introvert or is anti-social or an individual contributor. Besides, the job is time-consuming and needs real hard work. I would say if any of what I’ve described here excited you or sounds interesting to you, you can give this job a chance.
Salary :- $60,350 per year
Qualifications:- Bachelor’s degree
In my opinion, a graduate degree in management is worthwhile for this job. It’s a satisfying job as it lets you see how your efforts and your job duties, if nicely done, can impact others’ lives positively so much. As an administrator, you will have continuing responsibility for maintaining health access and health status of your community, job security, capacity development for your staff, etc.
You will have the power to change the standards of hospital efficiency and patient outcomes. You can work as a physician in some hospitals and medical groups. Many people believe that healthcare administration is a stressful job. But the truth is “stress” is in the eyes of the experiencer. If you’re really loving your job, you won’t ever feel overburdened. It all depends on your interest and individual personalities.
It’s a challenging and rewarding career. Despite mergers and acquisitions of institutions and facilities in health care, the need for effective healthcare administration remains the same.
Salary :- $74,360 per year
Qualifications:- Bachelor’s degree
MARKET RESEARCH ANALYST
With this option you basically need to convey a survey, a focus group or simply ask questions in your conversation and collect the data, categorize it as explicit or implicit and make the best use of it in your business It’s a time-taking job, you have to check the results and see if they are accurate and have no errors.
In this highly competitive world, jobs like market research analysts have gone up in demand. So, studying management as your major definitely won’t be a waste of time or money . You need to have the ability to cope with the fast paced and pressured work, accuracy, and ability to notice patterns with statistics and a mind-blowing analytical mind.
Being in a high-pressure environment, the market researcher is required to deliver accurate results fast. The day to day work life is from 9 to 5 in most offices.
Salary :- $94,020 per year
Qualifications:- Bachelor’s degree.
In the end, I would like to quote Steve Jobs, “ Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe in great work. And the only way to do great work is to love what you do.”
So, Just follow your heart and give your best to any career you choose.
You can also take a look at our other articles: https://www.getjobzz.com/blog/