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4 Best Business Majors That Can Help You Climb the Ladder of Success

According to the US National Center for Education Statistics, business majors formed the largest percentage among learners who were awarded bachelor’s degrees in 2018–19 in the US. The best business majors are clearly in high demand, however, the best business degrees require sizable investments. 

While several general business courses can provide you with an overview of many different branches of business management, over a dozen industry-specific ones can help you specialize. Recruiters prefer candidates who already understand their industry. Thus, there is a high demand for candidates with top business degrees in these specialized branches. 

Here, we have compiled a list of top business majors with high projected growth rates as indicated by the US Bureau of Labor Statistics.

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Finance

Every single aspect of a business is affected by finances. Procurement, inventory, salaries, and even marketing will be thrown into disarray without proper financial management. Hence, financial managers are essential for a business to function well. Financial management is one of the best business majors, especially for those who understand the fundamentals of finance or those interested in the space. 

What You Will Learn

  • Financial Risk Assessment
  • Demand Forecasting
  • Building Financial Models
  • Pricing
  • Data Reporting
  • Fund Procurement
  • Portfolio Management

Roles You Can Pursue

  • Chief Financial Officer
  • Investment Banker
  • Financial Analyst
  • Funds Manager
  • Financial Advisor
  • Economist
  • Stockbroker

Projected Career Growth

17 per cent between 2021 and 2031, which is much faster than the average for all occupations. If you wish to select financial management as your business major, you should get started with one of the many courses on financial management offered by Emeritus to get an edge over your peers. 

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Marketing

Marketing determines whether your customers trust your company enough to purchase your products and services. As expected, this makes marketing managers invaluable to businesses. If you are creative, have excellent communication skills and love convincing people, you might be the right fit for jobs like marketing manager or chief marketing officer. If positions like these interest you, you should consider taking up a course in marketing management. 

What You Will Learn

  • Marketing Fundamentals
  • Data Collection and Analysis
  • Digital Marketing 
  • Media Buying 
  • Negotiations
  • Consumer Psychology

Roles You Can Pursue

  • Chief Marketing Officer
  • Social Media Manager
  • Market Researcher
  • Brand Manager
  • Marketing Manager
  • Digital Marketer

Projected Career Growth

10 per cent between 2021 and 2031, which is faster than the average for all occupations.

A career in marketing can be extremely lucrative. Start your journey with one of the top sales and marketing courses on Emeritus to get a head start before you take up a marketing management degree. 

Entrepreneurship

While many people seek out top business degrees for the sole purpose of securing the highest-paying job that they can, people who enter entrepreneurship management are the ones who look to pursue success by starting their own business ventures. 

In a Deloitte survey, 70 per cent of millennials claimed they might reject traditional work to work independently. While several new businesses will come to be, the ones that will succeed will be the ones that are properly managed. This is why entrepreneurship management is one of the best business majors

A degree in entrepreneurship management need not necessarily mean you need to start your own company. These courses teach you many transferable skills which can also be used to score various jobs.

What You Will Learn

  • Demand Forecasting
  • Risk Assessment
  • Inventory Management
  • Pricing
  • Human Resource Management
  • Business Strategy

Roles You Can Pursue

  • Business Consultant 
  • Sales Manager
  • Recruitment Officer
  • Brand Manager
  • Business Reporter

Salary Expectations

Indeed reported an average base salary of about $65,000 for entrepreneurs in the US.

If you are enthusiastic about starting something on your own or want insights into how new businesses operate, you might want to consider entrepreneurship courses from Emeritus before you sign up for an entrepreneurship management degree.

Human Resources

what-is-executive-presenceA company is only as strong as its people. Conversely, rapid employee turnover can debilitate even the strongest organization. A recent Mckinsey survey found that over 40% of employees are considering resigning in the next three to six months. The pandemic prompted what is being called the Great Resignation. Thousands of employees resigning at once has created the need for talented human resource managers to help businesses meet their need for reliable and capable employees. 

If you enjoy working with people and are interested in the field of recruitment, human resource management may be one of the best business majors for you. 

What You Will Learn

  • Recruiting 
  • Organizational Structuring
  • Determining Compensation
  • Assigning Benefits
  • Employee Training 
  • Employee Relations
  • Employee Satisfaction

Roles You Can Pursue

  • Human Resource Manager
  • Human Resource Specialist
  • CHRO
  • Training and Development Manager
  • Mediator
  • Recruitment Specialist

Projected Job Growth

7 percent between 2021 and 2031, which is slightly faster than average for all occupations. 

Related Content: Is HR a Good Career?

If you consider yourself to be a people person and are interested in the world of recruitment and human resource management, you should definitely check out the top courses in human resource management from Emeritus.

As businesses continue to expand, the need for talented business managers will also grow. By signing up for one of the best business majors, you can take your first step towards corporate success. Just ensure you select a field that interests you and is in vogue. Consider taking online courses from the best universities in the world to augment your skills and knowledge. 

By Tanish Pradhan

Write to us at content@emeritus.org

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