What is Management?
The responsibility of management is to be efficient and effective at administering an organization's human, financial, material, and intellectual resources so that they can achieve business goals. Managers possess strong leadership and communication skills as well as have critical thinking skills which enable them not only to motivate employees but also solve problems. By having an overall knowlege in accounting, managing, marketing, and business law, a manager is competent to make decisions that will have a positive impact on the business.
How to Succeed in Management?
In order to succeed, individuals must be willing and capable of leading others and understanding their strengths and weakness so that they may be assigned tasks accordingly. Because managers interact with employees and clientele on a regular basis, it is necessary for them to be able to communicate ideas clearly, both in oral and written form. Managers take responsibility for their actions and accept the consequences of their decisions, whether it pertains to administration of financial or human resources.
Career Opportunities in Management
Among the career options that are available to individuals with a major in management are general managers, operations managers, human resource managers, project managers, management analysts or consultants, and computer and information systems managers. Other popular positions that can be obtained are retail managers, customer service representatives, employment recruiters, sales managers, and office managers.
Salary Expectations (United States Average)
Depending on the specialization that an individual chooses, their salary will vary accordingly. Listed below are just some of the most popular jobs for business management majors and their respective average salaries.
- Retail Store Manager - $52,500
- Office Manager - $44,300
- Operations Manager - $71,400
- Employment Recruiter - $71,700
- Administrative Assistant - $34,800
- Information Tech. Manager - $96,500
- Project Manager, Construction - $90,200
- Outside Sales Manager - $81,900