Future Career Outlook

Employment Outlook for Business Graduates

The business world is constantly expanding, and fortunately business degree holders are some of the most well-prepared to succeed in it. The US Labor Bureau predicts business employment to increase 12-17% in the next decade, with growth rates varying by industry and region.

Here are the national employment figures for common job titles employed by most firms and companies, as of May 2008:

Job Title

Employment

Accountants and Auditors
1,133,580
Advertising and Promotions Managers
36,100
Business Operations Specialists
1,030,320
Chief Executives
301,930
Computer and Information Systems Managers
276,820
Database Administrators
115,770
Recruitment and Placement Specialists
205,800
Financial Analysts
236,720
Financial Examiners
26,020
General and Operations Managers
1,697,690
Human Resources Managers
60,980
Human Resources and Labor Relations Specialists
217,440
Loan Officers
321,850
Marketing Managers
166,790
Tax Preparers
63,030
Training and Development Specialists
206,890

Growth Factors

Since business is such a broad field, its growth is influenced by a wide variety of factors, including the economy, technology and the growth of other industries. Because of this, its growth is relatively stable in comparison to other career markets.

One facet unique to the business market is the low turnover rate for high-power positions such as CEOs, CFOs and high-end executives. These positions tend to open up only when other personnel move up or retire, making the job market for those positions extremely competitive, however well worth the competition. Middle-management and entry-level positions typically experience more growth, so employment is typically much easier to find in those positions. From there, an experienced business degree holder is well suited to move up to higher-level positions.