Business, Management & Administration

About
Careers in the Business Management and Administration cluster relate to planning, organizing, directing and evaluating business functions essential to efficient and productive business operations. Careers in leadership, management, and support roles are needed by all types of organizations to operate successfully.
What are trends in business and administration?

• Jobs exist in for-profit corporations, not-for-profit organizations, and government.
• Executives direct operations and business strategy for a company or division of an organization, while managers report to executives, lead parts of their division, and manage front-line employees.
• Administrative support workers are at the front line for bookkeeping, clerking, customer service, and data entry that many departments require to function.
• Self-employment careers are part of this cluster—from selling handmade products online to operating large scale businesses that employ dozens of workers.

- Quick facts -

Business management job growth
Large growth in business management occupations is expected over the next ten years.

Employment numbers
In the United States, nearly 16 million people work in management and business operations jobs, while more than 19 million work in office and administrative support occupations.

Salary highs and lows
Management occupations are in the highest paid occupation group, while office and administrative support occupations are in the ten lowest-paying occupational groups.

Corporate social responsibility
Corporate social responsibility is expanding, such as practicing energy efficiency, sourcing materials sustainably, ethical labor practices, and promoting more diverse candidates into leadership roles.

Would a career in Business Management & Administration be a good fit for me?
​Do you have strong organizational skills? Are you comfortable taking on responsibility and motivated by the promise of advancement? Then a career in business management and administration may be for you. Here are some points to keep in mind:

• Corporations often recognize hard work and achievements with benefits such as salary increases, stock options, bonuses, and the chance to work on new challenges.
• Management careers typically require some knowledge of accounting, marketing, data analytics, and relationship management.
• Large corporations are more prone to reorganizing and laying off employees than smaller businesses.
• Knowing how to use data to improve business decisions is a top in-demand skill in virtually all industries.

Quiz