The Bachelor of Science degree in Business Management can help you tap into your leadership potential and get you to the top. The average CEO earns more than $278,000 annually and may also receive bonuses. Recent college graduates may be surprised at how much a business administration major can earn. Recent college graduates can start out making over $60,000 per annum - which is a good starting salary for a student.
Benefits of a Bachelor's Degree in Business Management
One of the greatest advantages of earning a bachelor's degree in business management is the opportunities it provides for networking. You will not only gain an in-depth knowledge of different industries, but also get to know professors, recruiters, or other students with the same interests. Your school can help you build a network to launch your own business. These relationships could lead to a mentor or job offer.
The bachelor's degree is in business management and provides both theoretical and practical knowledge that can be used to manage an organization. A broad understanding of business is gained, including the financial planning and marketing aspects. You can then become a specialist in one or more of the following areas: finance, human resources, marketing. A bachelor's program in business administration can prepare you for a position as a manager across a range of industries.
Optional specialization
Business management is a bachelor's program that allows you to develop broad business skills. However, you have the option to focus on a specific area. This will allow you to expand your network and enable you to pursue career advancement opportunities. Depending on your interests, you can choose from among several specializations. Listed below are some popular options. The Rasmussen University website has more information about the various options. You can choose from any one of these programs, depending on what interests you and your skill set.
A Bachelor of Business Administration (with a specialization on finance) may suit those who enjoy numbers. A finance degree typically includes classes that examine key concepts in finance such as investment and financial analysis. Students might also be able to explore the relationship between global markets and financial concepts, and how these affect marketing practices. But, make sure you look into all options so that you can find the best program for your needs. A Master of Business Administration (MBA), if you are looking for a more complete degree, is it worth your while?
Average salary
If you're looking for a way to improve your career, a bachelor’s degree in business administration would be a good choice. While retail managers had an average salary in 2015 of $46,000, it was much lower than other managerial jobs. Retail managers don't necessarily have to be college graduates, but the knowledge and experience gained from working in retail stores can help them become more qualified for managerial roles. These are common jobs that require a business administration degree.
According to U.S. Bureau of Labor Statistics a bachelor's in business administration earns an average salary of $65,660 a years. This salary is significantly greater than the average for all major occupations. However, a bachelor's degree in business management does not guarantee a high salary. The median salary for accounting professionals is $56,400 for entry-level accountants, and $73,560 for all accountants. According to the Bureau of Labor Statistics(BLS), financial managers are expected to earn an average of $134,180 by 2020.
FAQ
How can I find out if my business needs an accountant
Companies often hire accountants once they reach certain sizes. A company might need an accountant when it makes $10 million annually or more in sales.
Some companies, however, hire accountants regardless their size. These include small companies, sole proprietorships as well partnerships and corporations.
A company's size doesn't matter. Only important is the use of accounting systems.
If it does, then the accountant is needed. And it won't.
What does an auditor do?
Auditors look for inconsistencies among the financial statements' information and the actual events.
He validates the accuracy of figures provided by companies.
He also confirms the accuracy of the financial statements.
What is the best way to keep books?
You'll need to have a few basic items in order to start keeping books. A notebook, pencils or a calculator are all you will need to start keeping books.
What is a Certified Public Accountant and how do they work?
Certified public accountant (C.P.A.). is a person with specialized knowledge in accounting. He/she knows how to prepare tax returns and assist businesses in making sound business decisions.
He/She also keeps track of the company's cash flow and makes sure that the company is running smoothly.
Statistics
- "Durham Technical Community College reported that the most difficult part of their job was not maintaining financial records, which accounted for 50 percent of their time. (kpmgspark.com)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- According to the BLS, accounting and auditing professionals reported a 2020 median annual salary of $73,560, which is nearly double that of the national average earnings for all workers.1 (rasmussen.edu)
- In fact, a TD Bank survey polled over 500 U.S. small business owners discovered that bookkeeping is their most hated, with the next most hated task falling a whopping 24% behind. (kpmgspark.com)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
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How To
How to Get a Degree in Accounting
Accounting is the process of keeping track of financial transactions. Accounting includes the recording of transactions by individuals, businesses, and governments. Bookkeeping records are also included under the term "account". Accounting professionals create reports based upon these data in order to assist companies and organizations with making decisions.
There are two types, general (or corporate), accounting and managerial accounting. General accounting is concerned with the measurement and reporting of business performance. Management accounting deals with the management, analysis, as well as monitoring, of organizational resources.
An accounting bachelor's degree can help students become entry-level accountants. Graduates can also opt to specialize in areas such as auditing, taxation or finance management.
If you are interested in a career as an accountant, you will need to have a basic understanding of economic concepts, such as supply, demand, cost-benefit analysis. Marginal Utility Theory, consumer behavior. Price elasticity of demande and the law of one. They must also understand microeconomics, macroeconomics, international trade, accounting principles, and various accounting software packages.
A Master's degree in Accounting requires that students have successfully completed six semesters worth of college courses. These include Microeconomic Theory, Macroeconomic Theory. International Trade. Business Economics. Financial Management. Auditing Principles & Procedures. Accounting Information Systems. Cost Analysis. Taxation. Human Resource Management. Finance & Banking. Statistics. Mathematics. Computer Applications. English Language Skills. Graduate Level Examination must be passed by students. This examination is normally taken after students have completed three years of education.
For certification as public accountants, candidates must have completed four years of undergraduate and four year of postgraduate education. Before they can apply for registration, candidates will need to take additional exams.