There are different types of business degree and diploma courses you can undertake. Most of these courses cover subjects such as business management, accounting, finance, and entrepreneurship which is a cleat reflection of what most students in different institutions cover in their business management classes.
If you are planning to become a professional in business, you must be dedicated to studying one of these business programs. You may also prefer taking a joint degree since it helps you to acquire general business knowledge and skills; you will be able to handle any business job that comes on your way. Here are the leading career opportunities in business management
Business Risk Manager
The work of risk manager in an organization is to identify potential risks and carry out risk analysis. They also assess potential threats that may occur as a result of the identified risks. Risk managers plan and decide how to reduce, avoid and transfer risks. They are responsible for managing risks in a company relating to its customers, employees, reputations, interests of stakeholder and assets.
Risk managers always combine what they learned in business management classes and the general knowledge obtained from work experience to perform their duties. As a business risk manager, you may work and specialize in different sectors such as enterprise risk, information and security risk, technology risk, and business continuity.
Risk managers also have other roles such as quantifying and establishing the organization’s risk level and providing the required risk analysis report to the top management.
Business Actuarial Analysts
Business actuarial analysts use statistical formulas to analyze and assess risks. Business Actuarists mostly work in insurance companies where they get involved in calculating average life expectancies of different life stages to identify the policy premium that should be altered using specialized computer software and spreadsheets. Technically, business actuarial analysts must have a background in information technology.
Apart from working in insurance companies, actuarial analysts can also work in different financial service industries and provide support in actuarial team. As a business actuary, you can specialize in different areas such finance, health, and care and in software development. The primary responsibility of these experts is to use specialized computer software and spreadsheet to carry out data analysis tasks.
Business Data Analysts
Data analysts are currently on high demand across all business sectors such as consulting, finance, education, government, manufacturing, and pharmaceuticals. They have the ability to pay attention to communication and data collection. Data analysts not only make use of essential skills in analyzing and understanding data but also provide analysis and useful insights through different visual and non-visual ways. Business data analysts are categorized into different groups and can work in various fields such as in data quality, data assurance, business intelligent, and higher education and marketing.