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Go For It!
Careers in Business
Professional
Development
LAP 15
Go For It!
Careers in Business
A
Identify types of careers
in business.
B
Describe traits, skills, and
educational requirements
needed for success in
business careers.
Professional Development
LAP 15
A
Identify types of careers in business.
 Business careers—all shapes and sizes!
 Endless possibilities
Three Categories
of Business Careers
 Management
and administration
Finance
 Finance
 Marketing
Management and
Administration Careers
 Exist virtually everywhere!
 Include everything needed to keep
business running smoothly
Management and
Administration Careers
 Categories:
• Administrative services
• Business information
management
• General management
• Human resource management
• Operations management
Management and Administration
Careers: Administrative Services
 Facilitate business operations
through a variety of administrative
and clerical duties
 Are often called support staff
Management and Administration
Careers: Administrative Services
 Examples:
•
•
•
•
Secretarial and reception
Customer service
Records management
Office management
Management and Administration Careers:
Business Information Management
 Provide a bridge between
business processes/initiatives and
information technology (IT)
 Help to align business and IT goals
Management and Administration Careers:
Business Information Management
 Job examples:
• Project manager
• Business analyst
• Business process
manager
Management and Administration Careers:
General Management
 Plan, organize, direct, and evaluate part
or all of a business organization through
the allocation and use of financial,
human, and material resources
 Assume supervisory responsibilities and
make decisions, either big or small
Management and Administration Careers:
General Management
 Job examples:
• Supervisor
• Store manager
or owner
• District manager
• Director
Management and Administration Careers:
Human Resource Management
 Focus on activities that involve planning,
recruitment, selection, orientation, training,
performance appraisal, compensation, and
safety of employees
 Serve as a link between top management and
employees
Management and Administration Careers:
Human Resource Management
 Job examples:
• HR generalist
• Training manager
• Benefits
administrator
• Recruiter
Management and Administration Careers:
Operations Management
 Plan, organize, coordinate, and control
resources needed to produce/provide a
business’s goods/services
 Oversee activities including quality control,
scheduling, procurement, and warehousing
Management and Administration Careers:
Operations Management
 Job examples:
•
•
•
•
Purchasing manager
Master scheduler
Quality manager
Supply chain manager
Finance Careers
 Make strategic decisions to report, obtain,
save, protect, and grow the financial assets
of businesses and individuals
 Require strong computational, analytical, and
interpersonal skills
Finance Careers
 Categories:
•
•
•
•
•
Accounting
Banking services
Corporate finance
Insurance
Securities and
investments
Finance Careers: Accounting
 Record, classify, summarize, analyze, and
communicate a business’s financial
information and business transactions for
use in management decision-making
 Participate in such activities as bookkeeping,
systems design, analysis, and interpretation
of accounting information
Finance Careers: Accounting
 Job examples:
•
•
•
•
Accountant
Auditor
Bookkeeper
Cost analyst
Finance Careers: Banking Services
 Accept deposits, lend funds, and
extend credit
 Manage cash, short-term investments,
mortgages and other loans, credit cards,
and bill payment
Finance Careers: Banking Services
 Job examples:
• Loan
officer/counselor
• Credit analyst
• Trust officer
• Branch manager
Finance Careers: Corporate Finance
 Manage policy and strategy for
(and the implementation of) capital
structure, budgeting, acquisition and
investment, financial modeling and
planning, funding, dividends, and
taxation
Finance Careers: Corporate Finance
 Job examples:
• Cash manager
• Capital budgeting
specialist
• Project analyst
• Treasurer
Finance Careers: Insurance
 Protect individuals and businesses
from financial losses
 Deliver “products” that transfer risk
from an individual or business to an
insurance company
Finance Careers: Insurance
 Job examples:
•
•
•
•
Insurance agent
Underwriter
Claims adjuster
Loss control manager
Finance Careers:
Securities and Investments
 Support the flow of funds from investors
to companies and institutions
 Provide services including financial
planning, asset management, mutual- or
hedge-fund management, and custody
services
Finance Careers:
Securities and Investments
 Job examples:
• Securities sales
agent/broker
• Investment banker
• Mutual fund manager
• Financial analyst
Marketing Careers
 Include opportunities whose processes
create, communicate, and deliver value
to customers and manage customer
relationships in ways that benefit the
organization and its stakeholders
Marketing Careers
 Categories:
• Marketing
communications
•
•
•
•
Marketing management
Marketing research
Merchandising
Professional selling
Marketing Careers:
Marketing Communications
 Engage in marketing activities that inform, remind,
and/or persuade the targeted audience of ideas,
experiences, goods/services, and/or images
 Use techniques including advertising, direct
marketing, digital marketing, publicity/public
relations, and sales promotion
Marketing Careers:
Marketing Communications
 Job examples:
• Account executive
• Public-relations
manager
• Media buyer/planner
• Marketingcommunications
manager
Marketing Careers:
Marketing Management
 Participate in all marketing functions, including
channel management, marketing information
management, pricing, product/service management,
promotion, and selling
 Can be involved in a number of different industries,
including sports, fashion, food, and travel
Marketing Careers:
Marketing Management
 Job examples:
•
•
•
•
Marketing specialist
Marketing manager
Product/Brand manager
Marketing director
Marketing Careers:
Marketing Research
 Engage in marketing activities that involve
determining information needs, designing datacollection processes, collecting data, analyzing
data, presenting data, and using data for marketing
planning
 Look for meaningful clues about what customers
need and want and why customers do what they do
Marketing Careers:
Marketing Research
 Job examples:
• Market research interviewer
• Market research analyst
• Market research supervisor,
manager, or director
Marketing Careers:
Merchandising
 Focuses on efficient and effective
product planning, selection, and
buying for resale
Marketing Careers:
Merchandising
 Job examples:
• Buyer
• Merchandiser
• Merchandise manager
or division manager
Marketing Careers:
Professional Selling
 Perform marketing and management activities
that determine customer needs/wants and
respond through planned, personalized
communication to influence purchase decisions
and enhance future business operations
Marketing Careers:
Professional Selling
 Job examples:
• Sales agent
• Sales representative
• District or regional
sales manager
B
Describe traits, skills, and educational requirements needed for success in business careers.
Educational Requirements
for Business Careers
 Ideal—bachelor’s degree or higher
 Helpful degrees include:
• Business
• Accounting
• Business
• Finance
administration
• Management
• Marketing
• Economics
• Communications
Educational Requirements
for Business Careers
 On-the-job training
 Special certifications and licenses
 Continuing education
 Professional development
Skills and Traits
for Business Careers
 Math skills
 Communication skills
 “People” skills
 Computer/Technology
skills
 Decision-making/
Problem-solving skills
 Creativity
 Enthusiasm/
Good attitude
 Trustworthiness
 Flexibility
 Self-confidence
 Business careers
you’ve observed
 What skills and traits
are required?
 Which appealed to you?
 Internet diploma
 Is it a good idea?
Acknowledgments
Original Developers:
Sarah Bartlett Borich and
Lelia Ventling, MBAResearch
Version 2.0
Copyright © 2014
MBA Research and Curriculum Center
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