When someone says that they work in business you probably think of corporate suits, briefcases and corner offices in high, high-rise buildings. And, in a very narrow sense, you’d be right. But “business” can include jobs in just about anything. A young lady with a corner coffee shop is in business, a retired gentleman who runs a gardening service is in business, a financial accounts manager is in business and your insurance broker is in business.
The list of business careers is almost endless, so when someone says that they work in business, you need to ask them to be more specific.
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Some of the most popular business career choices
- Business analyst: it’s a challenging, high-powered job that comes with a nice salary that tops $100,000 per year.
- Business development: another challenging job with an attractive salary package that reaches up to $168,000 but which averages around $106,000 per year.
- Business management: a perennial favourite thanks to its consistently high earning potential that can reach around $145,000 per year.
Other business jobs that make the list include banking manager, management consultant, financial analyst, financial controller, human resources management and marketing management.
Let’s take a closer look at the careers mentioned
Business analysts’ jobs include analysing current business processes, including administration, and financial and work flow processes, to determine where companies can improve productivity, morale and profits. They identify areas where a company may need improvement and determine whether the company is still on track to reach its goals and remains true to its mission.
Good business analysts attribute their successful careers to a number of soft skills, such as communication, diplomacy, confidentiality and creativity, as well as the skills they learnt at university, such as data analysis, strategic thinking and basic IT systems knowledge.
Because business analysis is such a specialised job, it requires specialised degrees.
- Bachelor of Business (Business Analysis), which, depending on the area of specialisation, qualifies students for jobs as technology consultants, risk analysts and project managers.
- Master of Strategic Foresight, which helps students fully evaluate and understand business challenges, identify opportunities and devise creative solutions in line with company policies, processes and vision.
Business developers are similar to analysts in that they identify opportunities for growth and help implement plans designed to capitalise on those opportunities. It’s a role that requires knowledge in sales, marketing, production and finance.
In terms of soft skills, business developers need to be people-people, they need to be innovators, motivators, organisers and communicators.
Because business developers need such a broad range of skills, they need a degree that is broad enough to give them all the information they need.
- Bachelor of Business, which provides a thorough background into the business world and allows for different areas of specialisation, which is particularly important if graduates want to go into a particular industry, such as marketing or finance.
- Master of Business, which helps graduates navigate all the challenges that go with the job, such as implementing change, improving staff morale and addressing poor performance.
Business managers have a very important job in that they are usually responsible for overseeing the operation of an entire business enterprise. They have to know what’s going on in each and every department, they have to know which people and departments are performing and which aren’t and they have to take steps to address poor performance. This means that they also need to recognise and reward good performance. They consider financial information to determine short and long-term business plans and, once those plans have been approved, they are responsible for their implementation.
They’re people-people, organisers, communicators and motivators.
If you want work successfully in business management you need the qualifications to back up your innate skills.
- Bachelor of Business Management, which set students up for careers in large commercial and private companies, as well as SMEs in a range of industries, including financial services, retail and government.
- Bachelor of Commerce (Management), which allows graduates to work in a variety of business settings, including administration, planning, project management, change management and customer service.
- Master of Business Management, which allows graduates to reach senior management positions in finance, human resources, marketing and project management.
You’ll find a range of other business courses at institutes all over Australia, such as TAFE NSW, TAFE Queensland, Royal Melbourne Institute of Technology, TAFE SA, Sydney Institute of TAFE and TAFE Victoria. A sampling of the courses available includes:
- Certificate IV Business Sales, which qualifies you for entry level jobs as sales agents or sales representatives.
- Diploma Business Governance, which is for business professionals with more experience as it provides the grounding necessary to serve on a board of directors.
- Diploma Banking Services Management, which is usually available on a full-time, part-time and online basis and which qualifies you for junior positions in the banking sector, including small business banking and commercial and retail lending.
- Advanced Diploma Agribusiness Management, which provides a unique skill set that allows students to follow niche careers as insurance brokers, business managers, grain marketers and machinery dealers.
- Advanced Diploma International Business, which is one the best pathways to complete a degree in international business studies so you can work towards a respectable career as a consultant or high-powered executive.
Business is a broad term that encompasses a diverse range of jobs and careers for people who want to work in a variety of environments. If you want to run your own small home business you’ll benefit from some introductory certificates and short courses, but if your ambitions extend to high-flying international careers and Fortune 500 management than you’d better hunker down for postgraduate studies.
Search TafeCourses.com.au to find the business courses that will help you reach your goals and you’ll be able to take advantage of the varied vacancies that are advertised every day.