Where do you see yourself in the next five years? Perhaps, working for a multinational organization, designing software, or running your enterprise single-handedly. After all, everyone has different goals and ambitions. In the 21st century, with new emerging career fields, choosing the right career has become challenging. Information technology, cybersecurity, healthcare, marketing, business education – every industry offers incredible job prospects and opportunities.
Instead of making random choices, explore your talents to pick a career that aligns with your interests. If you have the urge to make a difference in the community, step into the healthcare sector. Otherwise, opt for business education to broaden your horizons. It offers different specializations, which means you can work in finance, marketing, or even sales. In addition to this, business is one of the most lucrative fields because every company aims to maximize profits.
Before calling the shots, explore career fields, and familiarize yourself with the business world. If you are unaware of the emerging specializations in this field, have a look below. Here we are unfolding seven trending business education fields for career seekers.
Are you good with numbers? Although the job trends and economic conditions are volatile, accounting is a practical-thinking field with stable market demand. Nowadays, industries are employing accountants as they need expert advice on money-related matters. They review budgets and audit financial statements to ensure compliance with the regulatory standards. Taxation is emerging as a specialized section where expertise gets well paid by the employers.
Those candidates enrolling in an online MBA accounting program need to explore the electives and their application for the sake of making an informed decision. Online education is manageable with a part-time job or apprenticeship. It overall creates a lucrative profile to present to the recruiters and impress them right away. It will develop critical problem-solving and leadership skills, preparing you for accountancy roles and responsibilities. Similarly, you will also learn about accounting principles, tax laws, and finance courses to develop a keen understanding of accounting practices.
In this digital age, globalization has become the new business market. As everyone is relying on technology, eCommerce is changing how established companies operate and perform business activities. The demand for online shopping is not declining anytime soon, which means companies would need eCommerce professionals. An eCommerce degree will familiarize you with software applications to create new business opportunities. After all, technology is here to stay.
According to the Bureau of Labor Statistics, the number of self-employed workers will increase to 10.3 million by 2026. Therefore, the people who want to open their ventures can opt for entrepreneurship majors to learn the ropes. It would equip you with the necessary skills to lead business operations and make the right decisions. You will also learn about finance, public relations, and human resources, giving you a unique competitive edge over peers. Besides, the demand for this field is not skyrocketing because people want autonomy. It is also because companies need employees with an entrepreneurial mindset.
Believe it or not, a company’s marketing strategy to connect with audiences directly impacts its success and failure. In addition to defining your brand’s relationship with the customer, it influences business sales and profits. As a result, marketing careers have some of the highest rates of job growth. If you have some sense of creativity with critical thinking skills, why not opt for a marketing major? You will learn about strategic branding, repositioning tactics, and expansion strategies. Moreover, you can focus on a broader perspective and study global marketplaces.
5. INTERNATIONAL BUSINESS
With the availability of digital tools, many companies are initiating cross-cultural collaborations. If you like learning about international markets, opt for a specialized degree in international business. It would give an incredible opportunity to learn foreign languages. Similarly, you would develop a competent understanding of international markets, becoming proficient in business ethics. In short, it would equip you with the right set of skills to run a business on a global scale. Simultaneously, you will be working on commercial transactions and taking up different job roles to help the company settle in the new region.
Unsurprisingly, graduates with finance degrees are invaluable to every company. They have expert knowledge regarding government policies, market regulations, and international relations. With increasing economic uncertainty, the demand for finance professionals is spiking. As a finance manager, you would be responsible for drafting financial statements and making investment decisions. You would also be taking all external financing decisions to ensure the company doesn’t drown itself into loans.
Indeed, the job roles and responsibilities are overwhelming, but the perks it offers are worth all the effort. On average, these professionals earn $63,844 with an expected growth rate of 11.5%.
7. MANAGEMENT ANALYSTS
Popularly known as consultants, management analysts are in high demand today. Managerial skills are the organization’s utmost priority as it lays out a pathway to improve efficiency. Management analysts advise upper management on how to enhance the company’s performance, ensuring higher productivity. Simultaneously, they solve organizational problems, evaluate new market expansion programs, and adapt new operation strategies. If you are well-versed with management practices, this field could be the perfect fit for you.
When we talk about career choices, there is no one-size-fits-all model. You have to pick a program that aligns with your interest, goals, and ambitions. Unlike conventional degrees, business education gives plenty of choices to career seekers. You can become an eCommerce expert, an international business specialist, or an accountant. After all, every specialized program has its set of advantages, challenges, and varying growth prospects.