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BUSINESS & FINANCE The Universities that teach it & the Companies that use it

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Bling Bling! Well, not so fast - but you’re on the right track. The business major is for the very serious and focused individual who can first grasp the concept of advanced statistics. Success in the business major is not about who has the “coolest” lemonade stand, but then again... maybe it is... but make sure you can handle the stats first because at its core, business is all about the numbers. But numbers are not as one dimensional as they may seem. Numbers represent things: ideas, interests, abilities, opportunities, timelines, gains, losses, possibilities and just about any other quantifiable "thing" you can think of. A true business person not only knows how to read and react to the numbers; they must also understand what those numbers represent.

Chief Financial Officers (CFO’S)
direct the organization’s financial goals, objectives, and budgets. They oversee the investment of funds and manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm’s expansion, and deal with mergers and acquisitions.

Marketing Managers
develop the firm’s detailed marketing strategy. With the help of subordinates, including product development managers and market research managers, they determine the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets—for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy with an eye towards maximizing the firm’s share of the market and its profits while ensuring that the firm’s customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services and oversee product development. Marketing managers work with advertising and promotion managers to promote the firm’s products and services and to attract potential users.

Sales Managers
direct the firm’s sales program. They assign sales territories, set goals, and establish training programs for the sales representatives. (See the Managers advise the sales representatives on ways to improve their sales performance. In large, multiproduct firms, they oversee regional and local sales managers and their staffs. Sales managers maintain contact with dealers and distributors. They analyze sales statistics gathered by their staffs to determine sales potential and inventory requirements and monitor the preferences of customers. Such information is vital to develop products and maximize profits.

Public Relations Managers
supervise public relations specialists. These managers direct publicity programs to a targeted public. They often specialize in a specific area, such as crisis management—or in a specific industry, such as healthcare. They use every available communication medium in their effort to maintain the support of the specific group upon whom their organization’s success depends, such as consumers, stockholders, or the general public. For example, public relations managers may clarify or justify the firm’s point of view on health or environmental issues to community or special interest groups.

Branch Managers
of financial institutions administer and manage all of the functions of a branch office, which may include hiring personnel, approving loans and lines of credit, establishing a rapport with the community to attract business, and assisting customers with account problems. Financial managers who work for financial institutions must keep abreast of the rapidly growing array of financial services and products.

 

Financial Analysts
and personal financial advisors provide analysis and guidance to businesses and individuals to help them with their investment decisions. Both types of specialist gather financial information, analyze it, and make recommendations to their clients. However, their job duties differ because of the type of investment information they provide and the clients they work for. Financial analysts assess the economic performance of companies and industries for firms and institutions with money to invest. Personal financial advisors generally assess the financial needs of individuals, providing them a wide range of options.

Certified Public Accountants (CPA’S)
perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals. For example, some public accountants concentrate on tax matters, such as advising companies of the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others offer advice in areas such as compensation or employee healthcare benefits, the design of accounting and data-processing systems, and the selection of controls to safeguard assets. Still others audit clients’ financial statements and report to investors and authorities that the statements have been correctly prepared and reported. Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms.

Management Consultants
in private industry, analyze and propose ways to improve an organization’s structure, efficiency, or profits. For example, a small but rapidly growing company that needs help improving the system of control over inventories and expenses may decide to employ a consultant who is an expert in just-in-time inventory management. In another case, a large company that has recently acquired a new division may hire management analysts to help reorganize the corporate structure and eliminate duplicate or nonessential jobs. In recent years, information technology and electronic commerce have provided new opportunities for management analysts. Companies hire consultants to develop strategies for entering and remaining competitive in the new electronic marketplace.


Earnings
Median annual earnings of financial analysts were $57,100 in 2002. The middle 50 percent earned between $43,660 and $76,620. The lowest 10 percent earned less than $34,570, and the highest 10 percent earned more than $108,060 - to more than $145,600 for the highest 10 percent of marketing and sales managers.

What career opportunities does Business offer?
Wondering what kind of careers there are in Business? You have to check out our list of careers that you can enjoy. Go now

What schools offer Business programs?
Different schools have different approaches to a Business education. If you are interested in the Business network, please contact the universities listed in our database for information.

 

 

 



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