A Bachelor of Science is in Business Management gives you the opportunity to maximize your leadership potential, and quickly move up to the C-suite. The average CEO earns more than $278,000 annually and may also receive bonuses. A business management degree can bring in a surprising salary, even if you are a recent college grad. The average starting salary for a recent college grad is over $60,000 per year.
Benefits of a bachelor’s degree in management
A bachelor's degree is a great way to network. You not only get a deep understanding of the different industries but also meet other students who share your interests. If you develop your networking skills in school, you will be able to build a network that can help you launch your business once you graduate. These relationships can also lead to a job offer or mentor.
A bachelor's in business administration provides you with the theoretical and pragmatic knowledge required to work in an organisation. A broad understanding of business is gained, including the financial planning and marketing aspects. You can then choose to focus on specific areas like finance, marketing or human resources. A bachelor's degree is possible in business management. This will allow you to be a manager in various industries.
You have the option of specialization
A bachelor's degree is in business management, which will allow you to have broad business skills. You can also choose to specialize in one area. This will broaden your network and allow you to better pursue career advancement opportunities. You can choose one of several specializations depending on your interests. Here are some options that are popular. The Rasmussen University website has more information about the various options. You can choose any one of these programs based on the interests and skill set you're interested in.
For those who like numbers, a Bachelor of Business Administration with a specialization in finance may be for them. 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. You might consider a Master of Business Administration degree (MBA) if you want a more extensive degree.
Average salary
If you wish to further your career, a bachelor's program in business management would be an excellent choice. In 2015, retail managers earned an average salary of $46,000, but the salary was far lower than other management jobs. Although retail managers do not need a college education, the experience gained while working in retail stores could help them get higher-level managerial positions. These are common jobs that require a business administration degree.
According to the U.S. Bureau of Labor Statistics a bachelor's degree is required in business management to earn an average salary of $65,660 per year. This salary is much higher than the average of major occupations. However, a bachelor's degree in business management does not guarantee a high salary. The median income for accountants is $56,400 for entry-level accounting professionals and $73,560 overall. The Bureau of Labor Statistics (BLS) estimates that the average financial manager's salary will be $134 180 by 2020.
FAQ
What is the average time it takes to become an accountant
Passing the CPA examination is essential to becoming an accountant. Most people who are interested in becoming accountants have studied for at least 4 years before taking the exam.
After passing the test one must have worked for at minimum 3 years as an Associate before becoming a Certified Public Accountant (CPA).
What is an Audit?
An audit is an examination of the financial statements of a company. Auditors examine the accounts of a company in order to make sure everything is correct.
Auditors are looking for discrepancies among what was reported and actually occurred.
They also ensure that financial statements have been prepared correctly.
What is bookkeeping?
Bookkeeping can be described as the keeping of records about financial transactions for individuals, businesses and organizations. This includes all income and expenses related to business.
Bookkeepers track all financial information such as receipts, invoices, bills, payments, deposits, interest earned on investments, etc. They also prepare tax reports and other reports.
Statistics
- BooksTime makes sure your numbers are 100% accurate (bookstime.com)
- 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)
- "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)
- 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)
- 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 Become an Accountant
Accountancy is the science of recording transactions and analyzing financial data. It can also involve the preparation statements and reports for various purposes.
A Certified Public Accountant (CPA), is someone who has passed a CPA exam and is licensed by the state boards of accounting.
An Accredited financial analyst (AFA), or an individual who meets the requirements of the American Association of Individual Investors, is an individual who is accredited by Financial Analysts. A minimum five-year investment history is required in order to be an AFA according to the AAII. They must pass several examinations to prove their understanding of securities analysis.
A Chartered Professional Accountant or CPA (sometimes referred to simply as a chartered accountant) is a professional accounting who has received a degree in accounting from a recognized university. CPAs must comply with the Institute of Chartered Accountants of England & Wales’ (ICAEW) educational standards.
A Certified Management Accountant (CMA), is a certified professional accountant that specializes in management accounting. CMAs need to pass exams administered through the ICAEW, and must continue education requirements throughout their careers.
A Certified General Accountant is a member of American Institute of Certified Public Accountants. CGAs have to pass several tests. One test is known as the Uniform Certification Examination.
International Society of Cost Estimators' (ISCES) offers the Certified Information Systems Auditor certification. Candidates for the CIA need to complete three levels in order to be eligible. These include practical training, coursework and a final examination.
Accredited Corporate Compliance officer (ACCO) is a distinction granted by the ACCO Foundation, and the International Organization of Securities Commissions. ACOs must hold a baccalaureate or higher degree in business administration, finance, or public policy. Additionally, they must pass two written and one verbal exams.
A Certified Fraud Examiner (CFE) is a credential by the National Association of State Boards of Accountancy (NASBA). Candidates must pass three exams and obtain a minimum score of 70 percent.
International Federation of Accountants (IFAC), has awarded a certification to an Internal Auditor (CIA). Candidates must pass four exams that cover topics such auditing, compliance and risk assessment.
American Academy of Forensic Sciences (AAFS) designates an Associate in Forensic Account (AFE). AFEs need to have graduated from an accredited college/university with a bachelor's level in any other field than accounting.
What is the job of an auditor? Auditors are professionals who conduct audits of organizations' internal controls over financial reporting. Audits can be performed on either a random basis or based on complaints received by regulators about the organization's financial statements.