Online Masters Degree Programs - Intelicus » MBA Career & Salary Resources

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admin — Mon, 07 Jun 2010 12:28:01 +0000

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Careers in Business Management – Business Management Career Opportunities

admin — Sun, 16 May 2010 16:32:58 +0000

Advantages to a Career in Business Management

One of the best advantages professionals gain from a career in business management is a sense of job security, because no matter where cutbacks are made, companies still need someone to stick around and run the business. While the economy recovers, and businesses start to see an increase in profits as customers return to healthier spending, general managers will also enjoy the pride that comes with being the cog in the machine that allowed for upsurges in business.

Other perks include a lot of traveling, as business managers oftentimes must meet with clients in different locations. The biggest draw for most is a lucrative salary that is typically higher than lower management pay, with the average earnings reported to the Bureau of Labor Statistics at $91,570. With more experience, the professional is able to expand a career in general management to the very highest executive positions who enjoy wages that can exceed $1 million. For more information read our article on business management salaries.

As companies seek out the business management applicants with the most advanced skills to respond to changes in technology, a career in general management becomes the best way to utilize an Online MBA program. By adding education to experience, professionals can improve their desirability in the workforce.

MBA Graduates Succeed in Business Management Positions

In today’s data-driven world, leaders who can collect and maximize the use of information will be in high demand, which is why a career in general management is best for MBA graduates. During an MBA, professionals learn how to use the latest technologies in order to forward the mission of their companies or organizations. With those skills, they are able to fill the current gap in management needs and accelerate careers toward higher positions with higher pay quickly.

MBA Contributions to a Career in Business Management

Coming up with effective business strategy is the number one desired trait in general managers for employers who are looking to get business back on their feet. After a slew of cutbacks because of recession times, businesses are desperate for the type of guidance that can help grow their companies back to health. What this means for professionals is that right now, a recent education could actually become more meaningful in the application process than experience, because it signifies that the professional is up on the current tools and skills that businesses are looking to implement in their management strategies. An MBA could be the deciding factor to help professionals ascend to upper level positions.

Perhaps the most valuable part of attaining an MBA is that it usually diminishes the amount of time they have to work in lower paying jobs before they can fill the management positions they aspire to. While general management jobs can be achieved without having an advanced degree, an MBA can impress owners who are looking for the most educated and informed leaders to promote. Rather than gambling by investing a lot of time in lower level positions, an investment in education, particularly when enrolled in an online program that allows the professional to keep up with work simultaneously, is a safer bet for ambitious professionals.

MBA Programs for Advancing Your Business Management Career

MBA programs like a Online MBA in Management offer instruction on the refreshing new face that businesses are hoping to give their companies. With a focus on giving students real world applications of core projects in existing businesses, graduates leave the program with a firm understanding of how they can use tools in an actual business setting. Below are some of the most common MBA programs to consider are listed below:

Common Business Management Job Duties

A general business manager differs from other managers in that its his or her responsibility to oversee the entire organization, rather than a specific area or department within an organization. One major duty of a general manager includes managing business expenses against profits taken in. Even more, a career in general management encompasses big picture responsibilities including everything from sales management to the company structure.

Some typical titles that are applied to general business managers are President, Vice President, Branch Manager, Chief Marketing Officer, Chief Financial Officer, Director and Chief Operating Officer. Specific duties of each position changes depending on the needs of the company and how it formulates its chain of command, but for the most part, a career in general management places professionals in top positions in business. They always have at least some authority over lower level managers who directly report to them.

Different companies have different requirements for the education they expect from business managers, as well as the levels of experience they want general managers to bring into the position. Education is becoming a higher priority, however, after the economic collapse necessitated some major changes in the operations of businesses. Now, businesses are eager to find newly educated managers who can offer innovative strategies to help tackle this evolving industry.

Business Management Career & Salary Resources

Want to learn more about how you can improve your business management salary, and advance your career? Explore our Salary and Career Resources below:

Nonprofit Careers – How to Get the Best Career in the Nonprofit Industry

admin — Sun, 16 May 2010 13:06:37 +0000

How An MBA Can Leverage Non Profit Careers

Some of the highest paid non profit careers and the degree needed to get them might surprise professionals who have not considered the wealth of positions and wealth of income that are available in this industry. A recent ranking done by Forbes based on information from the Bureau of Labor Statistics has found that non profit positions in education, healthcare, advocate groups, service groups and more can be lucrative alternatives to the traditional business world. For those seeking more meaningful employment, non profit careers could be a viable avenue.

MBA Critical for Non Profit Career Advancement

For anyone who seeks to advance in a non profit, an MBA is an impressive component that can lead to upper level positions with higher pay. Non profit workers in management jobs typically earn $61,499, according to the Bureau of Labor Statistics, but could earn as much as $166,144 by advancing to higher positions and furthering their education.

A Non profit MBA program like the one offered by Mayrlhurst University works to instill the type of leadership qualities in managers that non profits rely on for their organizations to succeed. These programs have a specific focus on the delicate nature of the non profit business world and focus on establishing the type of sensitive management skills that non profits seek. Professionals wondering about how to land non profit careers and the degree needed to get them should look no further than a concentrated Non profit MBA program.

MBA Degree Programs

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Green MBA Programs

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How Non Profit Careers Work

Even though non profits operate similarly to regular businesses, they are treated differently than other organizations, which introduces special business skills in order to ensure they are run effectively. Organized management systems are necessary to the survival of non profits. Leaders in these organizations must supervise in such a way that they create a perfect balance of money taken in and money used by the organization to retain its non profit status. Most non profits have to publish the intricacies of their funds, so not only do managers have to contend with government regulations but with industry watchdogs as well. A non profit manager lives under constant scrutiny and must be able to handle that pressure gracefully for the sake of the organization.

For most, being involved in the selfless sort of activities that non profits conduct is the biggest draw toward non profit careers. By finding an organization with goals that align with the professional’s personal ideals, they have a uniquely gratifying sense of accomplishment that not everyone in the business world can completely empathize with. Because of this personal reward system, non profits can be the most satisfying career path for MBA degree holders.

Most Common Non Profit Careers

Just as corporations, governments and individuals require the services of business-minded professionals, non profits have similar needs and expectations of their managers. Although there is no profit, there is still money to be managed and personnel to be paid. The salaries offered by non profits must remain competitive in order to keep a competent staffing pool.

Common non profit careers are found in working with charities, private organizations and trade unions, an include positions like social workers, librarians, administrators, healthcare providers, educators, counselors and, of course, managers. Read our article on Nonprofit Salaries for a more complete guide to increasing your salary. On average, careers yield the following salaries:

Social Service Specialist: $39,950
Counselor: $42,240
Social Worker: $48,180
Accountant: $48,464
Health Educator: $48,590
School Counselor: $53,540
Training and Development Specialist: $54,372
Administrative Manager: $54,704
Public Relations Manager: $57,701

Career Advancement Resources & Guides

If your interested in learning more about how to advance your career you may want to review the articles below:

Non Profit Careers Can Provide More Stability and Pay

Non profits account for almost 6 percent of the workforce in the United States, according to the Bureau of Labor Statistics, which comprises close to 9 million workers in total. It is not unusual for professionals to be under the false impression that non profit careers offer lower salaries than their for-profit counterparts, but in many cases, non profits actually pay higher wages because unlike private businesses, non profits benefit most by having consistent expenses. So, if a non profit wants to ensure that its budget remains the same, it will keep salaries at a higher rate to benefit from a higher budget. Non profits also appreciate the benefit of retaining qualified and talented employees who are more likely to stay in a position if the pay is high. If they were to hire someone at a lower pay rate, their budget would be cut, and then they are in danger of losing that employee to a better paying organization, so it’s in their interest to keep employees happy so they don’t leave the organization.

This is not always the case, however. Sometimes non profit careers can in fact yield lower salaries. The difference, however, is that the personal reward from the work and the benefits of working for a cause that one believes in is sometimes valued higher by non profit workers than a higher paycheck. Additionally, non profit careers can also benefit workers because often the hours are flexible and the benefits packages are better.

MBA Marketing Salaries – Top Marketing Salaries for MBA Graduates

admin — Sat, 15 May 2010 23:57:30 +0000

MBA Marketing Salaries Attract Creative Leaders

Two of the top 20 jobs identified by CNN Money in a recent report were marketing positions that come with the type of MBA marketing salaries graduates expect when they complete their advanced degrees. These jobs, brand manager and marketing specialist, have high entry-level pay with respectable ability to advance, which are the most desirable qualities a professional can seek in marketing today.

MBA Marketing careers attract professionals because they provide a unique balance of business and creative skills that allow marketers to get twice the satisfaction from a day’s work. For both of these favored positions, the potential for job growth is expected to be high in the next four years, which is why many professionals might seek an advanced degree in order to cement a higher salary offer after graduation.

What To Expect After You Graduate With a Marketing MBA

Online MBA Programs equip professionals with a strong background that leads to higher wages, but not everyone has the time to devote to an inflexible degree program that fights with their work schedules. Because of this demand, online degrees are rising in popularity, and as the technology advances to make the degree programs more and more impressive, this reliable source of education has become a lifesaver for many seeking to move up in their industries.

When considering online programs, finding the right accelerated program that emphasizes cutting edge marketing skills alongside a dynamic management core is essential to become as competitive as possible in the job marketing. The Online Marketing MBA typically focuses on developing both of these skill sets in its graduates while providing the flexibility one expects from an online program.

Overall, professionals have the right to demand that their degree programs are acknowledging the changes in current business trends and molding their curriculums to provide the very best education possible. With the current state of the economy necessitating some major shakeups in the way business is conducted, marketing is a huge component in that change, so be sure to look for degree programs that confront the transformations in the industry and mold to keep their courses current.

MBA Degree Programs

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Green MBA Programs

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Creative Marketing Jobs are in Demand for Those with MBAs

Retaining customers is any marketer’s greatest duty, and during the recession, only the most talented campaigns managed to maintain customer loyalty. Competition for customers increased dramatically, as people made cutbacks and companies made layoffs, which impacted every industry. One area where the smartest companies didn’t make cutbacks in, though, was marketing, which is why creative marketing is still in such high demand.

With this strategy driving the profits of companies, those who seek higher MBA marketing salaries and want to know what to expect after they graduate could be pleasantly surprised to see a payoff sooner than they think. The best business practices catch on quickly, and as other businesses monitor the success stories of their competitors, the emphasis on marketing has the potential to be the natural solution to many a company’s financial struggles. By educating yourself with an understanding of the most recent marketing trends, MBA marketing professionals can become the heroes of the business world, and with that sort of respect come promotions and higher management positions with even higher MBA marketing salaries.

Average MBA Marketing Salaries

At this point, there’s no question that an advanced degree is a valuable asset for any professional. The Bureau of Labor Statistics consistently identifies furthering education as the most significant step to positively impact one’s salary. If you want to gain a better understanding you may want to read our article on marketing careers and jobs for MBAs. Below, consider some of the following marketing careers and their average salaries:

Public Relations Specialist: $51,280
Market Research Analyst: $61,070
Advertising Manager: $80,220
Marketing Manager: $108,580
Sales Manager: $110,390

Entry-Level MBA Marketing Salaries

To obtain an entry-level marketing career, a bachelor’s degree is a common requirement, but to gain perspective on how an advanced degree could impact the salary a professional earns, investigate these lower level salaries for the same marketing jobs.

Public Relations Specialist: $30,140
Market Research Specialist: $33,770
Advertising Manager: $40,090
Sales Manager: $47,010
Marketing Manager: $55,270

These numbers indicate the wages of the lower 10 percent of professionals with these careers, and the difference in salary is substantial when considering they are employed in the exact same responsibilities. However, the potential to earn even more than the average pay in these positions exists, making the difference at times even more staggering.

When it comes to MBA Marketing salaries, what you can expect after you graduate depends largely in prior experience and ambition, but with an advanced degree, the highest level of salary can be achieved, and achieved quickly. With the right background, six-figure salaries above $150,000 for management positions are within reach. An MBA in Marketing does more than increase entry-level salary, it offers the potential for advancement.

MBA Salaries, Jobs, & Career Resources

If your interested in learning more about MBA Salaries and MBA Careers you may consider the following articles:

MBA Marketing Careers – Top Marketing MBA Careers and Jobs

admin — Fri, 14 May 2010 11:43:56 +0000

How a MBA in Marketing Can Help Your Career

After the economy experienced a downturn, the ensuing flood of professionals who went back to school has made the world an even more competitive place for marketing minds. As the economy recover and jobs become available, an education is essential to compete with these professionals for the most desirable positions. Beyond that, a recently acquired MBA exhibits to employers that a given professional is completely up on industry changes and has properly caught up with trends that will overtake outdated marketing practices.

Consider how Online MBA Programs have updated their curriculum to highlight new focuses on areas like Integrated Marketing Communications , that examine the marketing strategies both in the online and offline worlds. In-demand skills professionals should expect to gain from advanced degrees include knowledge of search engine optimization, podcasting, e-mail campaigns and pay-per-click advertising. By updating professional knowledge in these new technologies, those who are exploring MBA in Marketing graduate career options will find their options further broadened.

MBA Degree Programs

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Green MBA Programs

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Top MBA Marketing Jobs and Careers

Some of the top MBA in Marketing graduate career options include work in these positions:

Public Relations Specialist:

Focusing on the public reputation of their clients, this professional has a major responsibility to manage the communications that occur between businesses and customers. Average Salary: $51,280

Market Research Analyst:

Perhaps the most important position in terms of harnessing public opinion, this professional conducts surveys in order to influence future marketing strategies to retain customers. Additional duties include monitoring the organizations’ competitors in terms of prices and marketing methods to compete effectively. Average Salary: $61,070

Advertising Manager:

Working for firms or companies most often, advertising managers oversee the promotional campaigns that are necessary to attract a client base. They provide the connective role between sales staff and creatives in order to provide the best strategy to gain new customers and keep up established customer bases. Average Salary: $80,220

Marketing Manager:

Somebody has to take charge of finding new markets in the overall business strategy, and that’s where the marketing manager comes into play. By watching trends, they provide companies with the best possible understanding of how customers’ demands change to keep the company’s profits high by recognizing new products and services to satisfy customers. Average Salary: $108,580

As technology forces businesses to readdress the way they connect to customers, MBA in Marketing graduate career options will become available to those who are most up-to-date with the trends in their own industry.

Learning to Use Technology a High Priority to Expand MBA in Marketing Graduate Career Options

The marketing world has perhaps been the most impacted by technology, and positively so, as professionals examine the Online MBA in Marketing graduate career options available. It’s not just businesses that are increasing online presences, but individuals who provide the sort of information that marketers of long ago could only dream about having to customize their promotions plans. In tackling this new face of marketing, professionals can better situate themselves to ascend in their industries and gain the best possible positions in today’s job market.

Networks like Facebook and LinkedIn become incredible fields to mine for marketers, but utilizing these increases in information in order to benefit business takes a new type of marketing mind. Education is the best tool to gain these desired industry insights, and as the economy recovers and marketing jobs increase in availability, leaders are in high demand in a variety of career types.

MBA in Marketing Graduates, Examining the New Job Skills Needed

More than just learning to use the information provided on the Internet, the MBA in Marketing graduate career options will expand for those who also have an understanding of the application of this information beyond increasing profits but to also enhance brand recognition and reputation. Some of the most desired skills in marketing include gaining a better understanding of customers in order to see a business how they see it, mastering the visual appeal of companies, and providing access to the most in-demand features on a company’s site.

Even more exciting is that newly educated professionals actually have an advantage over those who have simply been in the business forever. Since companies are often clueless about how to approach new marketing, the new guys in the business have managed to outdo seasoned professionals by gaining a competence that is in high demand, as old skills are actually expiring in today’s industries. Gaining a new expertise will allow professionals to supplant these suddenly ineffective marketers and allow for future professional advancement.

MBA in Marketing Career Responsibilities

In the simplest sense, the main responsibility of marketers is in recognizing which target audiences they should be reaching out to, influencing those audiences to buy into the company’s goods or services and then retaining those audiences to make sure that the company continues to receive their business. The types of clients that marketers serve come in all shapes and sizes, whether they’re working with non-profits, small business, big business, government, education or any other sector. For a complete understanding of how to achieve a top MBA marketing salary, click here.

Looking for more career information? Consider the following MBA career, salary, and jobs articles:

Nonprofit Salaries, You Can Earn More Than You Think

admin — Fri, 14 May 2010 01:15:09 +0000

How an MBA Can Impact Nonprofit Salaries

As is the case in most businesses, nonprofits are currently seeking newly educated workers who can improve organizations by implementing new technologies. Armed with an online MBA degree, professionals improve the likelihood of placement and earning higher nonprofit salaries by exhibiting expertise in these advanced technologies and rising above other applicants.

Online programs like a Nonprofit Management MBA, stress the importance of applying business schools directly to nonprofits rather than teaching generic models that don’t necessarily fit the structure of a nonprofit organization. By asserting yourself as an expert in not just business but specifically in nonprofit business, professionals can leverage their credentials to demand higher starting pay.

Adapting to industry changes is a stellar quality in any applicant, and education is a major part of that adaptation. Because online degrees allow professionals to pursue an education while not affecting their work schedules, the appeal of nonprofit MBAs will continue to grow, and professionals who recognize this trend can stay ahead of the game by pursuing their degrees first. Just because nonprofits reflect altruistic work for causes that professionals likely endorse doesn’t mean they can’t expect to earn what they would in other industries. Maintaining a competitive edge is one of the best ways to ensure that professionals prospects don’t become stagnant.

All this serves to prove that an Online Masters Degree Program can help nonprofit salaries become higher than you think when compared to similar positions in the private sector. Looking to change careers? You may consider one of the following reading our articles on MBA Career Paths, Top MBA Salaries, or going back to school for a MBA.

MBA Degree Programs

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Green MBA Programs

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Growth in Nonprofit Job Market Could Lead to Higher Nonprofit Salaries

People who think there isn’t money in nonprofits need to reevaluate the current market, because when it comes to nonprofit salaries, you can earn more than you think. Some of the best-paying advocacy groups offer competitive pay for business-minded professionals. Two of the fastest growing positions in nonprofits are general managers and public relations specialists, and both of these career paths are expected to grow in the next five years by 20 percent, making nonprofits a viable option for many professionals seeking employment.

As a result of the recession, nonprofit efforts took a major dive as funding was cut and philanthropists reduced donations across the board. However, last year, Philanthropy.com reported an increase in grants in order to stimulate the economy, which proved to be a thrust in the right direction for nonprofit organizations. Now nonprofit efforts are on the rise and with them come increased job postings, making this market less competitive than others to enter and providing competitive nonprofit salaries higher than most imagine.

Common Nonprofit Jobs and Salaries

Unfortunately, when budgets get cut as many, many organizations experienced because of the recession, the lower-level employees are often the first to see their hours wane and even experience dismissal. It’s those with the strong skills who provide the backbone of organizations who have the most job security in these times. Because of this reason, an MBA becomes a valuable tool, particularly in nonprofits, because organizations are more likely to pay a qualified professional a higher salary to ensure that they stay longer and remain dedicated to the cause. Here are some common nonprofit positions and their accompanying salaries:

Social Service Specialist: $39,950
Counselor: $42,240
Social Worker: $48,180
Accountant: $48,464
Health Educator: $48,590
School Counselor: $53,540
Training and Development Specialist: $54,372
Administrative Manager: $54,704
Public Relations Manager: $57,701

Lowest Nonprofit Jobs and Salaries

Compare those salaries with what the lowest reported salaries are for the same positions, and it becomes clearer how a salary can vary depending on experience and education:

Social Service Specialist: $21,910
Counselor: $24,120
Health Educator: $26,210
Social Worker: $27,400
School Counselor: $29,360
Training and Development Specialist: $29,470
Accountant: $36,720
Administrative Manager: $37,430
Public Relations Manager: $46,870

Education is still a major factor when employers are considering applicants and deciding what salary a professional should earn. With an MBA, professionals line themselves up for promotion, raises and advancement because of the fundamental value of the advanced degree in employers’ eyes. For more information on nonprofit careers, click here.

Highest Nonprofit Jobs and Salaries

When considering how much to expect to be paid at any organization, professionals must consider how large the group’s budget is to begin with. If a nonprofit typically has a million dollar budget, professionals could anticipate a higher payout, averaging around $77,268 in management roles although this could increase significantly into six-figure numbers depending on the way the group manages their funds. But if the nonprofit has a lower budget, professionals have to lower their expectations for pay.

Nonprofit Salaries are Higher than Average

Nonprofit salaries on average yield higher pay than you might think, though. In 2007, the average hourly rate that nonprofit employees earned beat out the average Business Management Salaries, and some Healthcare Careers in the private sector. Here are some of the highest salaries paid to top professionals in nonprofits:

Social Service Specialist: $48,830
Counselor: $52,080
Health Educator: $60,810
Social Worker: $60,850
School Counselor: $65,360
Training and Development Specialist: $67,450
Accountant: $78,210
Administrative Manager: $98,980
Public Relations Manager: $126,060

Business Management Salaries, Jobs and the MBAs Needed to Get Them

admin — Thu, 13 May 2010 11:32:22 +0000

How an MBA Can Lead To Higher Salaries

The media tends to aggrandize the overnight success stories of managers who ascended to the top of their companies without an advanced education, most positions require an MBA in order to move up within the ranks. Currently, MBA programs are working to regroup as the business practices of yesterday proved to fail companies over the past three years as a result of the economic downturn. Consider MBA programs that acknowledge this growing need in business, like the Online Management MBA Program, a Green MBA , Online MBA Program in Finance, or an Online MBA Program in Marketing where the course descriptions reflect a need to revise and rethink business strategy in order to prevent the same mistakes from being made in the future.

The most essential changes being made by Online MBA Degree Programs include a focus on more ethics discussions in courses, real world application of studies during the program and other important issues that businesses face today. Even if a company doesn’t explicitly ask for an MBA as a requirement for application, the salary that professionals aspire to earn could be negatively impacted if companies believe you can be valued less without an advanced degree.

MBA Degree Programs

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Green MBA Programs

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Common MBA Careers and Its Business Management Salary

Comparing managers in all industries yields an average salary of $91,570. The lowest-level salaries, on average, come to $45,410, and the highest reported wages are well above $166,440. When choosing an industry to settle into and seek a management career, salary is a major factor for many.

Average Salaries for the Highest Paying Industries in Business:

Manager of Consultion Services: $142,310
Computer Systems Design Manager: $144,060
Computer Manufacturer Manager: $150,710
Managers for Athletes and Artists: $154,450
Securities and Commodity Exchanges Manager: $157,820
Financial Investment Manager: $162,790

Unfortunately, except for the first two industries, these industries employ the lowest number of managers in total. So, professionals looking to find out how to secure the best business management salary might want to instead look to which industries employ the highest number of professionals (listed in order from lowest to highest number of workers employed):

Industries That Employ the Highest Number of Business Management Professionals

Management, Scientific and Technical Consulting Services: $142,310
Computer Systems Design: $144,060
Building Equipment Contractors: $105,720
Local Government: $87,720
Companies and Enterprises: $128,350

By considering the amount of competition for position, the industry with the most jobs but highest average salary would be computer systems design and consulting services. But these aren’t the only management careers professionals can consider. These positions are also potentially lucrative and are found in a variety of industries

Business Management Positions with the Most Jobs and Highest Average Salary

Food Service Manager: $46,320
Independent Artist Manager: $60,050
Medical and Health Services Manager: $80,240
Retail Managers: $90,230
Operations Manager: $91,570
Financial Manager: $99,330

With more experience and education from a Online Masters Degree Program , professionals can learn how to secure the best business management salaries in any industry.

Choosing the Right Industry to Secure the Best Business Management Salary

Top MBA employers include companies that range from Kraft Foods to Google, but for professionals who wonder how to secure the best business management salary, the focus should be on the industry of interest rather than the company. In each possible industry, top employers exist who are willing to pay the upper-level salaries that MBA graduates strive for, so professionals just have to ask themselves: what type of company do I want to work for?

Fortune Magazine listed the top 100 MBA employers based on feedback from professionals. Google topped the list, but every industry from electronics to cosmetics to autos to toys were represented, with a healthcare company bringing up the tail end. As MBA professionals seek to secure the best business management salary, their chief consideration should be in discovering where their natural interests lie to maximize job fulfillment.

The bottom 10 percent of employees in common business positions:

Independent Artist Manager: $27,810
Food Service Manager: $29,450
Operations Manager: $45,410
Retail Manager: $46,700
Medical and Health Services Manager: $48,300
Financial Manager: $53,860

The difference in wages can sometimes be by as much as 50 percent, as you’ll see in the following section, which indicates that some professionals employed in the same capacity as others are paid significantly lower. For more information on General Management careers, click here. By achieving an MBA, professionals are putting themselves in a position where they can fight for higher salaries and have the goal of upward mobility within an organization become much more attainable.

As consumers are just now beginning to open their wallets to more casual purchases, companies will begin to see profits come back and budgets expand, and they’ll be looking for able managers to lead their companies in new and more dependable ways. Because the older generation of leaders are being called into question, and those who are not are soon to retire, The Congressional Research Service is predicting that management positions will be in high demand for businesses. An estimated 60 percent of managers in the current workforce are expected to retire in the next 10 years. Professionals will have to compete for those openings, and an MBA is a solid weapon to enter into that battle with.

Healthcare MBA Careers, Jobs and Outlook

admin — Thu, 13 May 2010 00:46:19 +0000

Healthcare Management Careers: Looking Ahead at Changes

The healthcare industry has one of the fastest growing job markets and brings in some of the highest average salaries, so those looking to get into healthcare management careers have chosen the right industry at the right time, especially if you have your Masters in Health Administration. On average, a healthcare manager earns $80,240 annually. The lowest recorded salaries are around $48,300 while the top-paying positions yield wages above $137,800. The financial reward of the healthcare management career path when paired with the quickly growing job availability is a perfect storm for professionals who understand that this industry is a business like any other. Read our article on a high healthcare management salaries to learn more.

Healthcare careers reflect 10 of the top 20 fastest growing careers in today’s economy. To snag the best positions and ensure a successful run in this industry, healthcare managers will need to pursue an advanced degree in the form of a Online MBA in Healthcare Degree.

Effect of an MBA on Healthcare Management Career

To graduate to the best careers in healthcare management, an Online MBA Program is not just a suggestion, but a necessary part of any resume. Healthcare managers must coordinate, plan, direct and supervise all aspects of healthcare services. As such an essential cog in the healthcare system, the most qualified professionals are sought to fill management roles, so first way an Masters in Business Administration can help your healthcare management career is simply by getting your foot in the door for that first interview.

A recent education gives professionals seeking healthcare management careers the assurance that they are current in their industry knowledge and are aware of how things have changed and advanced because of technology. Some of these advancements include medicine home delivery, electronic patient records, new diagnostic machines as well as a recent direction toward selling preventive care to patients in order to protect the public against the latest healthcare threats.

Healthcare Online MBA Options

Academic programs offer a variety of concentrations in the healthcare industry, including tracks that lead to careers in Pharmacy, Alternative Medicine, Nutrition, Nursing and Psychology, among many others. While some positions only require certification, others can demand advanced degrees in order to climb the ladder to higher paying positions. Depending on the type of career you want, any number of healthcare degrees become appealing, but in terms of healthcare management positions, the best possible degree choice is an MBA in Healthcare Management. At Marylhurst University, their specific focus on Healthcare Management for their online MBA offers an attractive route for professionals seeking an education while maintaining a regular work schedule.

Qualities to look for in a leading edge Healthcare Management MBA program include an emphasis on how business decisions are made in a healthcare setting, how current industry trends will influence those decisions and how to shape the future of healthcare based on those trends. For those wondering how an online MBA can help your healthcare management career, the answer seems to be simply by educating professionals on the latest industry trends.

MBA Degree Programs

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Green MBA Programs

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New Technologies Improve Job Opportunities for Healthcare Managers

As new information technology impacts doctors’ offices across the country, it becomes more apparent how an online MBA degree can help your healthcare management career. Individually, different technologies come with different costs, but having the sort of management know-how to spread an organization’s dollars to incorporate necessary new technologies and have the lowest impact on the budget is a skill healthcare facilities are eager to discover in professionals.

Jobs for Healthcare Managers

Healthcare management professionals ordinarily deal with day-to-day operations of facilities, whether they’re large or small. Specifically, healthcare managers fill these job types:

Clinical Managers:

In this line of work, professionals choose a certain niche of healthcare and are employed in the implementation of policies to assist in evaluating the best use of staffing resources, coordinating with other managers to effectively work as a team and providing a budget plan to make sound investments for the organization.

Assistant Administrators:

For larger facilities, assistant administrators work below head administrators to take care of the daily organization methods that impact the big picture of how the facility runs. This position provides the touchstone between the head managers and the lower level personnel.

Health Information Managers:

Rising in importance is the health information manager who must conquer leading trends dealing with the protection and security of patient records as information is transitioned to electronic form. Accuracy and availability of these documents is of utmost significance to this line of work.

Nursing Home Administrators:

A large number of nursing administrators choose to work providing home services for patients who cannot come into facilities regularly. This job necessitates that the professional work closely to manage the finances of the patient so that they receive the best medical attention from the comfort of their homes. The administrator is in constant contact with the healthcare provider to make sure the patient is getting what they need and monitoring the best solutions for what they can afford.

Healthcare Job & Salary Resources

Interested in learning more about other career advancement opportunities, you may want to review some of the resources listed below:

Top MBA Salaries and the Degrees needed to Get Them

admin — Wed, 12 May 2010 23:31:51 +0000

How to Earn Top MBA Salaries and the Degrees Needed to Get Them

For the first time in a long time, it’s business professionals who need the consulting on two major facets of their future success: how to find jobs with top MBA salaries and the degrees needed to get them. After the recession shook companies and forced them to re-evaluate business strategy, many schools took that opportunity to revamp their programs in order to assist professionals in becoming the new face of leadership in business. Now that online mba programs are climbing in approval ratings and traditional degree programs are scrambling to catch up with them, business leaders must figure out what educational background they should seek in order to ensure they can compete for high level, high-salaried positions.

Although the economy is still far from fully recovered, 10 industries dealing with business are managing to bounce back more quickly than others. Sustainable business is one of the biggest of these, as it becomes in the best interest of businesses to find alternatives in order to conserve energy and resources.

Green MBA Programs

Click on the links below for more information about Green MBA programs.

MBA Degree Programs

Click on the links below for more information about online mba degree programs.

MBA Salaries, Jobs, & Career Resources

If your interested in learning more about MBA Salaries and MBA Careers you may consider the following articles:

Emerging MBA Salary Trends

Emerging trends in local business, healthcare, education and discount retail services were other prospering areas of business that professionals should consider as they seek out top MBA salaries and the degrees needed to get them. History has proven to show that MBA holders traditionally are paid higher than non-degree holders, even with equivalent experience. Recently, the Bureau of Labor Statistics found that the average salary for professionals with MBAs was at least $15,000 more than what a bachelor’s degree holder makes in the same position. Even more staggering, the pay for someone with an advanced degree was double that of a someone who had only a high school degree.

Education Level and Average Salary Earned:

No High School Degree: $19,405
High School Degree: $26,894
Some College: $32,874
Bachelor’s Degree: $46,805
Advanced Degree: $61,287

Comparing the Costs and Salary Benefits of MBA Degrees

The best way to weigh the benefits and costs of earning top MBA salaries and the degrees needed to get them is in understanding the long-term effect a degree can have on wages, contrasted with the immediate cost of education. In the next 10 years, analysts are projecting that 23 million jobs will be added to the market, with a third of those jobs specifically in management positions. To become the most appealing candidate for these jobs, an advanced degree can assist professionals in landing the best-paying positions that become available.

Looking at the numbers, MBA degrees average out to an expense of $40,000 a year. Currently, the average college student finishes school with $19,000 in debt. However, the latest provisions the government is making to assist in making education more affordable could mean that right now is the best possible time to pursue an MBA, with increased grants and tax credits newly available.

Top MBA Salaries Differ According to Job Position

Masters Online Degree Programs can certainly give professionals reason to demand higher pay, and some of the most common jobs for MBA holders have salaries that range from $45,000 to more than $100,000. The key objective for those looking for the best paying positions is in choosing the right MBA Career Path.

The trending industries addressed earlier in this article could lead to MBA salary increases in these positions:

Instructional Coordinator: $59,000
Sales Representative: $59,000
Postsecondary Business Teacher: $77,000
Secondary Education Administrator: $86,000
Sales Manager: $110,000

Top MBA Salaries for Management Positions

Other management positions can earn top MBA salaries in a wide range of industries. Consider the average salaries these general positions have the capacity to earn:

Accountant: $65,000
Administrative Services Manager: $79,000
Financial Analyst: $84,000
Benefits Manager: $93,000
Marketing Manager: $118,000

Highest Paying MBA Salaries by Cities

Location is everything, but it can be difficult to decide where professionals are best situated to pursue their MBA careers. Top MBA salaries vary by location as much as they do by position, so how does one deduce the best cities to conduct job searches?

Resources like Indeed.com allow professionals to search specific job titles and compare earnings in up to 13 cities. As an example, compare the current job postings for a financial analyst in Atlanta, Ga., and Los Angeles, Calif. In Atlanta, the average salary being offered is $73,000, which is higher than the average earnings in Los Angeles, $69,000.

Don’t discount how important location can be in a job search. Current trends in business evidence an escalation in job postings, and an advanced degree can be the best weapon to compete in the burgeoning marketing. When seeking out top MBA salaries and the degrees needed to get them, consider industry, position and location as the best indicators of upwards mobility for careers.

MBA Career Paths and Jobs for Graduates

admin — Wed, 12 May 2010 01:35:59 +0000

Professionals Find Career Options For an MBA Graduate Improving

Some of the top employers to consider as career options for an Masters in Business Administration graduate include giant companies like Google, Disney, Apple and Nike, as ranked by recent MBA graduates in a CNN report. Because of the economy, many job seekers are scrutinizing potential employers nearly as much as the companies are scrutinizing them, asking a necessary but brutal question: how dependable is this employer in today’s shaky job market?

The good news for both employers and job seekers, though, is that things seem to be leveling out, thanks to new business practices being developed and implemented by today’s league of MBA degree holders. So career options for an MBA graduate promise to be more plentiful this year and in the following 10 years, according to a recent report in Business Week

Career Options For an MBA Graduate Expand

In bad economic times, business professionals take comfort in knowing that things are like to see an upswing at some point, and when they do, the best goal is to bulk up one’s resume with either experience or education. Because of educational stimulus packages and increased student grants, education might become an affordable and attractive option for those who wish to remain active during the downtime in their industry but can’t find jobs that match their skill levels.

Perhaps the most attractive types of online mba programs are those that investigate sustainability and environmental issues in the business world, because President Obama recently proposed a spending plan that allots $150 billion over the course of the next 10 years toward alternative energy solutions. Programs that focus on providing this sort of background for future business leaders are likely to see increased funding and better implementation of their program goals.

Online MBA Programs Gives Professionals a Leg Up During Application Process

While ambition is always rewarded in the workplace, unfortunately, some companies don’t always value experience without an MBA in the same way that they prize new applicants who have an MBA. In fact, some businesses use the MBA as a minimal requirement simply to cut back on the number of applications they have to consider before hiring. In today’s economy, where unemployment is still at 9.7 percent, most job seekers aren’t willing to gamble with those odds any longer.

Looking even further at the discrepancy between degree-holders and non-degree-holders, the Bureau of Labor Statistics reports that the unemployment rate of non-degree holders in 2008 was at 5.7 percent, while overall median weekly earnings came in at $618, if the individual had a high school degree. If one compares that with a 2.4 percent unemployment rate of those who have a Master’s degree, alongside the MBA degree-holders’ enjoyment of a weekly salary that averaged $1,233, and the value of an MBA becomes more undeniable.

MBA Degree Programs for Advancing Your Career

If your interested in advancing your career through an MBA you may consider the following online mba degrees below:

Green MBA Programs

Click on the links below for more information about Green MBA programs.

Job Options For an MBA Graduate

MBA graduates enjoy a unique position in the job market, because most industries involve a business component, which means that whatever market the degree holder is interested in, most likely they can find a way to apply their skills to work in it. Typically, employers for professional MBA degree holders are companies, non-profits, universities, government and schools, however, graduates have also found success working in the healthcare, entertainment and sports industries. Other possible industries include media, insurance, legal and self-employment options.

During the course of a Executive MBA Program, students learn core classes to gain an active understanding of accounting, marketing, operations management, finance and human resources. Toward the end of the degree, students can choose to narrow their focus into a specific discipline that would better position them for the work they hope to do after graduation.
Some of the most prevalent career options for an MBA graduate are Financial Controller, Project Manager and Financial Analyst, although a variety of potential careers includes everything from a civil engineer to a marketing director to an accountant to a social worker. Depending on the ultimate goals of the individual, any number of untapped job markets could become available.

MBA Career Salaries for MBA Graduates

Depending on the ultimate goals of the individual, any number of untapped job markets could become available. In a similar way, the salaries that match up with these job options vary. According to the Bureau of Labor Statistics , these are the median salaries for popular career options for an MBA graduate:

Social Worker: $45,000
Financial Analyst: $50,000
Accountant: $65,000
Civic Engineer: $78,000
Financial Controller: $80,000
Art Director: $90,000
Marketing Director $118,000

For a better understanding of what the average salary is for a certain position in a specific area of the United States, use a salary calculator, like the service offered at Salary.com. These calculators help employees all over the country to know what sort of pay rates to expect in different regions.

Additional considerations that might be made by any person seeking out career options for an MBA graduate are what sort of work environment is desired and what reputation a company or organization has.

MBA Career & Salary Resources

If you would like to learn more about MBA Salaries and MBA Careers you may read the following articles:

MBA Finance Salary Resources

admin — Mon, 10 May 2010 23:49:31 +0000

Why a Online MBA in Finance is Critical to Achieving a High Salary

Comparing the difference in pay rates between professionals in the same positions can be staggering, especially in cases were the lowest reported earnings can be 3 times less what the highest earner brings in. The career options for a Masters in Business Administration graduate are so varied that settling for the lower earnings can be an escapable fate, so long as professionals are aware of the scope of pay possible in their positions. Read our article about about MBA finance careers to learn more.

Through academic advancement in online degree programs, professionals are able to stay active in their industries while gaining the skills that will allow for career advancement. The world of finance is rapidly transforming to prevent the events that caused the economic collapse, and education is the best option for professionals who seek the top MBA finance salaries and the careers needed to get them.

MBA Degree Programs

Click on the links below for more information about online mba degree programs.

Green MBA Programs

Click on the links below for more information about Green MBA programs.

Comparing Top 10 MBA Finance Salaries in Various Careers

For those with a talent for money management, two questions loom overhead in terms of securing their own successes: what are the top 10 MBA finance salaries and the careers needed to get them? While wages differ according to specialty, location and sector, the truth is that right now, demand couldn’t be higher for money-minded advisors. Finding these top-paying positions simply takes a little bit of research into common positions and the career advancements these positions can lead to.

The importance of an MBA in securing work in today’s economy is paramount to guaranteeing success. Competition for job openings in finance will continue to be tough, and the better the qualifications list for any professional is, the better their chances are at landing some of the top 10 MBA finance salaries available.

Weighing the Value of an MBA to Earn Top 10 MBA Finance Salaries

After many businesses were forced to re-imagine their company’s goals and strategies because of the recession, a growing need for a new type of financial leader challenged MBA programs to revamp their courses. This gives up-and-coming financial professionals a chance to outshine their more experienced industry counter parts by applying to program that recognize this emerging trend. Among these changes are:

Ethical Business Approaches:

Whether it’s by adding a new course that focuses completely on ethical business or by altering existing courses to include this necessary concentration, MBA programs are recognizing the need for sensitive advisors who are looking out for their organizations more than for themselves.

Sustainable Business Practices:

As part of an initiative to protect available resources and cut back costs, green business practices are being emphasized by MBA programs. Some universities have even developed entire degree programs with this emphasis, recognizing that this trend is one that is serious and necessary.

Practical Application of Lessons in the Real World:

Because everything about the business industry’s changes is so new, schools are emphasizing practical applications of lessons by necessitating projects that take place in the actual business world. This prepares graduates with the latest skills already proven successful in businesses.

Top 10 MBA Finance Salaries

The highest paying jobs attract the most ambitious of business minds, and to discover which positions pay out the most, consider the top 90th percentile of some common financial careers. These top salaries reflect more than just an earnings goal but also identify which jobs have the capacity to allow professionals to move up in their careers.

Tax Preparer: $63,240
Loan Counselor: $63,680
Appraiser: $73,210
Emergency Management Specialist: $85,060
Insurance Underwriter: $99,940
Accountant: $102,380
Business Operations Specialist: $103,250
Credit Analyst: $108,370
Financial Analyst: $141,070
Personal Financial Advisor: $166,400

Finance MBA programs focus on a valuable set of in-demand skills, which has a definite focus on money management at its very core. The best-paid professionals will see wages climb due to impressive levels of expertise in these skills. While MBA programs undergo changes to produce the next generation of financial leaders, online programs like the Online Finance MBA will rise in demand because of the need to balance academic studies while maintaining professional positions.

Before considering the highest level of earning, though, it’s best to gain an understanding of what the average professional can expect to make in common finance capacities.

Average Salaries for a Finance MBA Graduate

Tax Preparer: $35,520
Loan Counselor: $41,970
Appraiser: $53,980
Emergency Management Specialist: $53,460
Business Operations Specialist: $59,920
Insurance Underwriter: $62,600
Credit Analyst: $64,580
Financial Analyst: $84,780
Personal Financial Advisor: $92,970

Finance Salaries without an MBA

The above salaries reflect average earnings that MBA finance graduates could expect to earn when starting out in their given industries. Without an MBA, the lowest reflected earnings in these positions demonstrate how important a degree can be in escalating pay rates.

Tax Preparer: $21,670
Credit Analyst: $30,390
Loan Counselor: $31,000
Business Operations Specialist: $32,690
Emergency Management Specialist: $37,200
Appraiser: $42,400
Insurance Underwriter: $43,490
Accountant: $45,900
Personal Financial Advisor: $46,390
Financial Analyst: $54,930

Career Options for Finance MBA Graduates

admin — Mon, 10 May 2010 23:19:35 +0000

Finance MBA Graduate Find Services in High Demand

Career options for a Masters in Business Administration graduate will always be many because if there’s one thing that every person could use help in managing, it’s their personal expenses. Money management is one of the biggest stressors for individuals in recession time especially but also generally speaking, and the National Endowment for Financial Education recently found that confidence for teachers to instill good habits in their students was at a shocking low.

A new effort to increase personal finance education as hit schools, and with it, a wave of respect for those who can help others achieve their personal financial goals. As professionals consider career options, a Online Finance MBA Degree could open up new paths tied to high salaries. The Bureau of Labor Statistics projects that 322,000 jobs will open up for finance specialists over the next eight years, and the specialty in the highest demand will be in financial investments.

Reasons for Expanded Career Options For a Finance MBA Graduate

Fortunately for the next generation of finance professionals, the retirement time for Baby Boomers has arrived , and as these longtime managers leave their positions, career options for a finance MBA graduate will continue to expand. This timing is also beneficial because of a demand in the financial industry toward more ethical advising. While the industry undergoes drastic changes in what it wants and expects from leaders, the academic organizations will be similarly adapting to meet those needs.

Real-world components to online mba programs have been emphasized in order to produce graduates who have a firm understanding of how new business practices will affect companies. Programs like the Online MBA in Finance utilize capstone projects in order to ensure that professionals will have more career options open to them, as they have proven industry applications of their new skills.

MBA Degree Programs

Click on the links below for more information about online mba degree programs.

Green MBA Programs

Click on the links below for more information about Green MBA programs.

Job Responsibilities Involved in MBA Finance Careers

Deciding which sector of finance to enter influences the career options for a Finance MBA Online graduate.

Corporate Finance

For some, corporate finance is appealing, but that leads to a second challenge in deciding between working with small businesses or large companies. Ultimately, the goal remains the same for finance professionals: achieve the best balance of finances in order to increase the company’s value. This is accomplished through budgeting, investing and managing assets.

Personal Finance

Perhaps personal finance is more appealing, though, where professionals find themselves assisting individuals in their day-to-day money management. As a consultant, the main focus is in helping people achieve financial stability for themselves and for their families. This ordinarily includes monitoring the person’s credit rating and protecting them against the types of personal events that can cause financial distress such as medical bills or unexpected car costs.

Public Sector

Then there’s also the public sector, which places financial advisors in working arrangements with city, county, state and national government. These career options involve working with managing incoming revenue and government budgets, and often have a heavy focus in debt management.

Job Duties for Finance MBA Graduates

Duties for finance professionals include the same basic responsibilities in each sector. Responding to economic trends, recognizing investment opportunities, exercising restraint when budgets are constricted and having an overall understanding of money management are the most desirable traits for those seeking the most diverse career options for a Finance MBA graduate.

Salaries and Job Positions for a Finance MBA Graduate

The scope of available jobs in finance is wide, because every industry has its own needs for managing its funds to ensure the highest level of profitability or success. Whether the professional is working in the private or public sector, for individuals or large companies, for schools or small non-profits, the specialized careers within these sectors include a broad range of salaries and positions. To gain an understanding of this range, consult this short list below or read more about MBA Finance Salary.

Real Estate Appraiser Salary:

In this field, professionals work typically with one client at a time, but they can decide between working with commercial or residential property, or working as a general appraiser, who investigates the value of both property types. Average Salary: $47,370.

Securities Sales Agent Salary:

Everybody seeks investment counseling at some point in their careers, and this job focuses on working with individuals and companies to best invest their finances. Average Salary: $68,680.

Personal Financial Advisor Salary

Personal money management is a rising industry as demand skyrockets. In advising individuals on investments, tax laws, insurance policies and retirement, personal advisors provide the financial insight that people are currently anxious for. Average Salary: 69,050.

Accounting Finance Salary:

Businesses have increased need for accountants who can maintain public records and ensure taxes have been paid correctly. Other duties include budgeting, assessing personnel performance and managing assets. Average Salary: $85,840.

Financial stability is no joking matter in today’s economy, so career options for a Finance MBA graduate will see a spike in both available positions and the value for these services in each sector.

MBA Salaries, Jobs, & Career Resources

If your interested in learning more about MBA Salaries and MBA Careers you may consider the following articles:

Commercial Real Estate Broker

admin — Mon, 04 May 2009 17:21:45 +0000

Career Overview

Commercial real estate brokers focus on income-producing properties such as retail stores, warehouses, apartment and office buildings, shopping centers, and industrial parks. Brokers sometimes arrange financing as well, and are responsible for managing agents.

Responsibilities

As a client advocate, commercial brokers are responsible for understanding the characteristics of a good investment property, as well as growth possibilities for specific geographical locations. They must also stay current on income tax regulations as well as options that allow a buyer a larger return on investment. Working in the highly competitive real estate field means commercial brokers must have good interpersonal skills and a head for detail.

Educational Requirements

Commercial real estate brokers must undergo between 60 and 90 hours of formal training in addition to passing a written exam and possessing 1-3 years of experience in the field. To become a commercial broker, one must take courses in the following:

Real Estate Finance
Real Estate Appraisal
Real Estate Economics
Real Estate Practice
Legal Aspects of Real Estate

Most brokers enter the field after working as an agent and training under brokers. However, being an agent is not a required prerequisite for becoming a broker.

Areas of Specialization

Commercial real estate brokers can specialize in the following areas:

Office properties, one of the highest-profile areas of commercial specialization
Retail properties, a busy field given a high amount of retail turnover
Industrial properties, which require expertise given the legal, zoning, and environmental issues involved
Business brokerage, another highly specialized area that requires dealing not only with the client but with equipment, customer base valuation, and other factors
Investment properties, which can prove a lucrative niche

Career Opportunities

Below is a list of possible career options for qualified commercial real estate brokers. This is not a complete list and serves only as a guide to potential career paths.

Commercial Real Estate Manager
Commercial Sales Agent
Director of Management Services
Leasing Agent
Office Leasing Manager
Owned Real Estate Representative
Real Estate Representative
Regional Leasing Manager
Sales Associate

Salary Ranges

According to the Bureau of Labor Statistics (BLS), median annual earnings, including commissions, of salaried real estate brokers were $60790 in May 2006, with the middle 50 percent earning between $37,800 and $102,180 annually. Median annual earnings in the major industries for brokers during this period were:

Offices of real estate agents and brokers: $64,350
Lessors of real estate: $61,030
Activities related to real estate: $48,250

Professional Organizations

There are several professional groups for commercial real estate brokers. These can prove a powerful resource and offer helpful information.

ACRE – Association of Commercial Real Estate
www.acre.org

Commercial Brokers Association
www.commercialmls.com

ICSC – International Council of Shopping Centers
www.icsc.org

NAIOP – National Association of Industrial and Office Properties
www.naiop.org

Department Director

admin — Mon, 04 May 2009 17:21:09 +0000

Career Overview

Business department directors oversee specific departments in a wide range of business environments. Directors are responsible for supervising all department activities as well as a variable number of employees, and often prepare reports describing their department’s progress.

Responsibilities

Business department directors direct and oversee all activities in their individual department. This often entails developing, maintaining, and training employees on department practices and procedures, monitoring quality and cost of vendors, preparing budget proposals and annual reports, and carrying out supervisory responsibilities for employees such as interviewing, hiring, and training.

Educational Requirements

Business department directors typically need at least a bachelor’s degree in business or a field directly related to his or her industry. A master’s or doctorate degree is often preferred, as is three to five years of experience in the field.

Areas of Specialization

There are as many areas of specialization for business department directors as there are business departments. The wide range of business specializations includes public relations, public administration, operations management, marketing, international business, human resources, hospitality management, finance and accounting.

Career Opportunities

Below is a list of possible career options for qualified business department directors. This is not a complete list and serves only as a guide to potential career paths.

Accounting Department Director
Communications Department Director
Finance Department Director
Human Resources Director
Legal Department Director
Marketing Department Director
Public Relations Department Director

Salary Ranges

Salaries for business department directors may vary widely by industry. A few examples of salary are as follows: The Bureau of Labor Statistics (BLS) reports that in May 2006 median annual earnings for compensation and benefits managers were $74,750, while training and development managers earned $80,250 and human resource managers earned $88,510.

Meanwhile the BLS finds that median annual earnings of wage and salary financial managers were $90,970 in May 2006, with large organizations more likely than their smaller counterparts to offer higher salaries.

Professional Organizations

Since networking is a huge part of the competitive business world, professional organizations offer a tremendous resource. Here are a few organizations for business professionals:

ABWA – American Business Women’s Association
www.abwa.org

ACCED-I – The Association of Collegiate and Events Directors – International
www.acced-i.org

ASAE – American Society of Association Executives
www.asaenet.org

IABC – International Association of Business Communications
www.iabc.com

eWomen Network
www.ewomennetwork.com

NADCO – National Association of Development Companies
www.nadco.org

The Alliance of Women’s Business and Professional Organizations
www.womensalliance.org

Business Manager

admin — Mon, 04 May 2009 17:19:49 +0000

Career Overview

Business management is one of the most exciting, challenging, and varied fields you can get into. The options of what type of organization you want to manage in are endless. On the one end, you could seek to be the manager of a horse stable, managing the care of the horses, cleanliness of the barn, training of employees, and running of a lesson program. In contrast, you could manage a web design company, managing the flow and completion of projects, working with customers, dealing with equipment issues, training employees and doing some design work yourself.

In this day of tight belts and cost cutting, managers are expected to pitch in right next to their employees, so if you don’t know the jobs in your department when you take on the job, you will need to learn them quickly.

Responsibilities

The responsibilities of a business manager are endless. First and foremost is to keep “things” running. Things could mean a 12-person department, a 250 person division, or a multi-billion dollar corporation that is international in scope. By running, we mean maintaining or bettering the budget while keeping all operations going smoothly and efficiently. A truly good manager doesn’t simply “maintain.” To set yourself for success, you need to figure out ways to improve the operations of the department thereby reducing costs while maintaining efficiency. In other words, you need to be process oriented – to find better, cheaper, yet high-quality ways of doing things, and then documenting those ways for the organization’s future reference. Then there is the supervision piece. You are directly responsible for supervising, training, and coaching your staff and making sure their performance meets company goals. Finally, you are responsible for hiring employees.

Here are some more specific duties a business manager performs:

Runs department/organization meetings
Works with Human Resources to determine correct staffing levels
Prepares annual budget for department
Prepares and/or directs staff to prepare reports
Conducts employee performance reviews
Meets with other company and department leaders to assist with setting organizational strategy
Completes necessary Human Resources paperwork
Prepares department schedules for vacations, training, shifts, breaks, and so on
Performs other duties as assigned

Educational Requirements

The pathway to business manager is about as winding as a route can be. Many business managers have climbed the ranks of their organizations going from a stock-person to company vice president with nothing more than a high school diploma. However, although there are still such cases, this has become the exception. Today’s rule calls for education and in many cases, it is simply a required credential to even get an interview.

There are four main ways to prepare academically. First is an associate’s degree. Second is a bachelor’s degree in one of the liberal arts. Third is a bachelor’s degree in one of the business disciplines. Fourth is to achieve a master’s in business administration.

The primary differences among these options are as follows:

An associate’s degree provides basic courses in accounting, management, marketing and business administration
A BA in one of the liberal does not focus on business, though courses in psychology, economics, sociology and English, particularly writing, provide a good foundation for business. If you opt for a degree in liberal arts, the best bet is to pepper some business courses, such as Accounting 101, as electives.
A BS in a business discipline: accounting, finance, management, marketing, or administration is certainly the direct route from here to there. The only disadvantage of getting such a degree is that if you decide the discipline is not for you, you don’t have anything else to fall back on.

Areas of Specialization

Business management is unique to every organization and every job. It is impossible to list every possible area of specialization for a business manager. But here are a few of the major ones:

Human resource managers are responsible for the people and processes in their departments as well as providing a service to other departments in the organization. This type of manager is primarily concerned with service.
Marketing managers are responsible for those activities that have to do with selling the organizations product, image, and service. Typically marketing houses advertising, sales, and public relations in their area.
IT managers keep the computer systems and Internet connections up and running. They determine equipment needs for the organization as well as guard the computer systems from outside attacks.
Production supervisors are the business managers who keep the production lines going, workers scheduled, quality control activated, and equipment maintained. They are upper management’s liaison to the workers at the bottom who make it happen.
Plant managers run a production facility of some kind and are concerned with making quality products, staying within budgets, and maintaining the facility. Of course they are also responsible for all the people working in the plant.
Retail managers are in charge of retail establishments such as clothing stores, gift shops, and sports stores
Food service managers run restaurants, cafeterias, and chains of restaurants or cafeterias.
Sales managers work in most fields and are responsible for motivating sales reps and seeing to it that they meet their sales goals.

Career Opportunities

The career opportunities in business management are endless.

Vice President
Division Manager
Chief Financial Officer
Business Office Director
Law Firm Administrator
Office Manager
Department Manager
Assistant Manager
Supervisor
Management Consultant

Salary Ranges

Just like everything else in this field, the salary range for a business manager is wide. According to the bureau of labor statistics, the median range is from $38,000 to $160,000.

Professional Organizations
You can find more information about a career in business management by contacting any of the following professional organizations:

American Management Association
www.amanet.org

Project Management Association
www.pmi.org

Business and Professional Women
www.bpwusa.org

International Association of Career Management Professionals
www.iacmp.org

Additionally: Whatever the business domain you wish to work in, you should also join the professional organizations most active in that area.