Management Career - Career Information for a Degree in Business Management

People who have obtained a Degree in Business Management may be qualified to enter the following career fields: General Business Managers, Marketing Managers, and Money Managers.

General Business Managers

General business managers formulate the policies and direct the operations of corporations, nonprofit institutions and government agencies. Business mangers interact with business decision makers and provide them with advice on the implementation of new business practices, as well as background data on new business opportunities.

Employment opportunities for business managers exist in almost every industry but are found primarily in the wholesale trade, retail trade and service industries.

Entry-level positions in business management include salaries that range from $25,000 to $40,000 or more per year.

Marketing Mangers

Marketing managers are responsible for developing a detailed marketing strategy for a company by determining the demand for products and services offered by their company as well as their competitors. Marketing managers also must identify potential markets and develop a pricing strategy that will maximize the company's share of the market and its profits while still offering a product or service that customers will be satisfied with. Marketing manager's work often with advertisers and promotion managers to promote and attract the attention of potential buyers to the company's products and services.

Employment opportunities for marketing managers are found in almost every industry including manufacturing, wholesale and retail trade, finance and insurance, scientific and technical services. These jobs are highly sought after and can be intensely competitive.

The average salary for marketing managers is around $75,000 per year; however, salary can vary depending on the level of managerial responsibility, length of service, education, firm size, location and industry. Manufacturing industries typically pay marketing managers a higher salary than non-manufacturing firms.

Money Managers

Money managers manage the buying and selling of stocks and bonds for businesses by selecting and managing investments that meet the goals of the business. Money managers often spend a lot of time putting together presentations for clients and studying or analyzing market data in order to make investment recommendations.

Employment opportunities for money managers are found with investment banks, insurance companies, hedge funds and with private money management firms.

The average annual salary for entry-level money manager and analyst positions is around $30,000 to $50,000. Positions with private funds are more likely to pay a higher salary. Money managers working in a private firm, often earn more, as they typically are equity holders in the firm.