Business & Management

A higher potential salary

A business degree is one of the top 5 qualifications in terms of earning potential, with graduates earning significantly higher average salaries compared to other disciplines, according to a recent report from USA Today. When compared to pre-MBA levels, research from the Forte Foundation shows that MBA graduates can expect a pay increase in the region of 35-45%, with this figure rising to 55-65% after five years.

77%
of business & management graduates are employed within six months of graduation.

What can you do with a business degree?

An often overlooked aspect of a business degree such as an MBA is its versatility in the job market. Business graduates are often suitable for various work opportunities and can enjoy the freedom to cross multiple industries throughout their careers. Many employers also stress their preference for graduates with a business degree as they possess a solid set of transferable skills such as critical thinking, problem solving, decision-making, and project management, all of which can be applied within different levels of an organisation.

Business Analyst
£30,000
per year
£70,000*
per year

The opportunity to work in a growing industry

The career options in business and management are extensive and rewarding. According to a 2016 report from the Higher Education Statistics Agency, 7 of the top 10 jobs held by graduates working in the UK are related to business and management. The survey also indicates that 77% of these graduates are employed within six months of graduation. The consultancy sector is also popular among business and management graduates with a broad range of career options available including organisational planning, strategic consulting, HR consulting, and business process management. In addition, the 2016 Graduate Market report from High Fliers indicates that consultancy vacancies have increased by 63% since 2006.

Careers in Business & Management
  • Possible salary range:
    £14,000 – £30,000*
    Key responsibilities:
    Support office efficiency by organising meetings, typing documents, and updating computer records.

    Skills and abilities: Strong organisational skills, computer literacy, excellent grammar, and attention to detail.

    What you’ll be doing: This position is required by large and small businesses in all sectors. Typical day-to-day responsibilities include:

    • Greeting visitors to the office
    • Organising staff meetings, and taking notes during the meeting
    • Arranging travel for staff members
    • Updating computer records
    • Typing, printing, filing, and ordering replacement stock
    • Answering phone, email, and social media enquiries 

    Career progression: This position could lead to supervisory or managerial roles. Further training could lead to other departments or specialisations. You may decide to develop yourself with administrative assistant certification such as CAP or CAA. 

    * https://nationalcareersservice.direct.gov.uk/job-profiles/admin-assistant

    Business & Management
    BA (Hons) Business (CMI)
    £13,500 (UK/EU)
    Business & Management
    BA (Hons) Business (HRM) (CMI)
    £13,500 UK/EU
    Business & Management
    BSc (Hons) Business Management
    £11,250
    Business & Management
    MSc Project Management (APM)
    £9,500 (UK/EU)
  • Possible salary range:
    £30,000 – £70,000*
    Key responsibilities:
    Work with organisations to identify ways they can improve.

    Skills and abilities: Abilities to work with, and motivate, employees at all levels to meet deadlines. Strong analytical skills, with the ability to foresee important issues and changes.

    What you’ll be doing: Cooperate with senior staff to support organisational changes, such as IT systems and sales strategies. Typical day-to-day responsibilities include:

    • Speaking to managers to understand their aims
    • Understanding how current business processes are conducted
    • Analysing data from the findings to recommend improvements
    • Explaining benefits of changes and the best ways to put them into practice
    • Assessing risks and monitoring progress

    Career progression: You could become a Senior Business Analyst – however you may prefer to move into project management, consulting, or to set up your own company. You might choose to enhance your career prospects by studying for business analysis certification. Alternatively, you may decide to work freelance or gain experience from other industries. 

    * https://nationalcareersservice.direct.gov.uk/job-profiles/business-analyst

    Business & Management
    BA (Hons) Business (CMI)
    £13,500 (UK/EU)
    Business & Management
    Master of Business Administration
    UK/Europe/Middle East/Other Int. £17,000
    Business & Management
    Project Management
    £8,500
    Business & Management
    Management Consulting
    £8,500
  • Possible salary range:
    £25,000 – £60,000*
    Key responsibilities:
    Find new customers, and persuade existing ones to buy new products or services.

    Skills and abilities: Excellent communication and organisation, with strong negotiation and problem-solving skills. Attention to detail and ability to meet deadlines.

    What you’ll be doing: Positions are available in a variety of businesses and charities. Typical day-to-day responsibilities include:

    • Reaching out to organisations to find new customers
    • Working with a team to determine what an organisation needs and propose new options
    • Building positive relationships with clients and customers
    • Identifying new opportunities for sales campaigns and forecast targets
    • Selling products to new and existing customers
    • Creating reports and presenting to senior management
    • Delivering training to junior staff

    Career progression: You may decide to enhance your career prospects with a focussed business management course. With experience, your business management career path could lead to positions such as Senior Development Manager, Business Development Executive, or Marketing Director. You could also use your skills in sales, marketing, and other areas of business. 

    * https://nationalcareersservice.direct.gov.uk/job-profiles/business-development-manager

    Business & Management
    MSc Project Management (APM)
    £9,500 (UK/EU)
    Business & Management
    Sales Management
    £7,500
    Business & Management
    MSc Strategic Business Management
    £8,500 total fee
    Business & Management
    Entrepreneurship
    £8,500
  • Possible salary range:
    £22,000 – £70,000+*
    Key responsibilities:
    Complete projects within agreed timescales and to budget by planning and organising staff, tasks, and resources.

    Skills and abilities: Excellent organisational, communication and leadership skills, IT literacy and budgeting skills.

    What you’ll be doing: In the role of Project Manager, you could work on a variety of projects in different industries or sectors, including building projects and IT systems. Typical day-to-day responsibilities include:

    • Determining the aims of the client or business
    • Planning different project stages, and deciding resource requirements
    • Agreeing prices with contractors and suppliers
    • Choosing and leading a project team
    • Monitoring progress, quality, and costs
    • Analysing risks, and reporting regularly to senior managers and the client

    Career progression: You may decide to enhance your project management skills through a focussed qualification. With experience, you may rise to the position of Senior Project Manager, or choose to work as a freelance consultant. 

    * https://nationalcareersservice.direct.gov.uk/job-profiles/business-project-manager

    Business & Management
    Certificate in Project Management
    £550
    Business & Management
    Project Management
    £8,500
    Business & Management
    MSc Strategic Business Management
    £8,500 total fee
  • Possible salary range:
    £25,000 – £60,000*
    Key responsibilities:
    Responsible for the development of a product, from identifying customer needs through to marketing the final product.

    Skills and abilities: Strong communication and collaboration, research and analytical ability, decisive leadership with customer and product knowledge.

    What you’ll be doing: The Product Manager roleis common for a variety of industries, developing manufactured, technical, and financial products. Typical day-to-day responsibilities include:

    • Being responsible for overall product success
    • Determining customer needs through research and feedback
    • Assessing market trends and competitor products
    • Creating product management processes and forecasting results
    • Managing conceptualisation, production, and marketing
    • Overseeing product development and assigning staff accordingly
    • Planning and demonstrating new features to stakeholders
    • Developing and implementing marketing campaigns
    • Determining pricing, and forecasting short and long term sales
    • Co-operating with all departments as required
    • Maintaining industry and product knowledge, attending relevant events

    Career progression: You may join a team, and with experience become a Senior Product Manager, Associate Product Manager, or Head of Product, potentially rising further to roles such as Chief Marketing Officer.

    * https://www.prospects.ac.uk/job-profiles/product-manager

    Business & Management
    MSc Strategic Business Management
    £8,500 total fee
    Business & Management
    MSc Project Management (APM)
    £9,500 (UK/EU)
    Business & Management
    Project Management
    £8,500