Business management is a field that’s always going to be there. The main role of these professionals is overseeing the administrative responsibilities of a company. Additionally, in most cases, they also need skills in accounting, marketing and handling managerial procedures. Here are 10 of the top business management careers for anyone aspiring to take on a leadership position, along with some of the education requirements and skills you’ll need to get there.
1. Finance Manager
The main role of a finance manager is monitoring and giving advice on the fiscal trends of a company. They also work closely with other key stakeholders within the business to ensure prudent spending of resources, and that expenditure conforms with the strategic plan. Typically, for you to qualify as a finance manager, you require a business degree in accounting or finance.
2. Sales Manager
The function of a sales manager is running the sales department of a company. In retail businesses, they may also be referred to as retail managers. This expert provides sales consultation, instruction, leadership and mentoring to those in the marketing section of an organisation. They may also hire employees in sales and help to develop effective sales strategies for the business.
3. Information Technology (IT) Manager
This role is mainly given to an IT professional whose risen to an administrative position within the company. They usually make decisions about the creation and maintenance of business software and information structures, as well as help in procuring ICT services, and recruitment and training of support staff. Generally, this professional should have vast knowledge on how to fulfill the IT needs of a company.
4. Business Development Manager
A Business Development Manager is charged with the responsibility of growing an existing business, particularly by looking for new clients and identifying growth and brand promotion opportunities. In this job, salesmanship and business development skills are key components, plus you may also need to have a deep understanding of how the industry works and develop personal connections with other players.
5. Product Manager
Product Managers are charged with ensuring the success of a product-line that’s been launched into the market. They help in maximising the profits of a product by checking that it’s produced to the highest quality standards, which meet both the industry requirements and customer needs. To succeed in this career, you should have business acumen and technical skills as well.
6. Team Leader
A team leader provides direction and supervision to various departments within the organization, and is usually under the watch of a general manager. The role of a team leader in a business depends on how large the staff is and the amount of supervision needed. In places where management duties are heavy, they may take up functions such as task delegation, staff development and quality control.
7. Construction Management
Industries such as construction, building and facilities create various types of construction management jobs. To succeed in this career, you’ll require technical knowledge as well as business management aptitude in communication, accounts and even leadership. You may be given the role of overseeing construction / engineering projects, properties, facilities like schools or hospices, and even design projects.
8. General Manager
A General Manager holds the position of determining the strategic direction of a company and providing leadership. They usually don’t get involved in day-to-day decision making since they delegate such tasks to their juniors. The best thing about General Manager positions is that the skills are transferable, meaning you can easily cross from one industry to another and still remain relevant. An MBA is a highly relevant qualification.
Usually, an entrepreneur starts a business venture from scratch and labours towards seeing its growth and success. They oversee the development of their startups, making all sorts of decisions about how the business can grow, such as who to partner with, where to get funding, hiring of employees and so on.
10. Operations Manager
Operations Managers are mainly involved in daily business activities that ensure smooth flow and coherence within the organisation. They may oversee the production process, delivery of service, or the running of a facility like a theme-park. While you’ll require a deep understanding of the industry in order to succeed as an operations manager, other qualities such as self drive, passion for the job, leadership and good rapport with the staff are also important.