Millennials have reached their peak earning years. And these business careers offer the best chance for higher salaries and career growth, courtesy of https://www.gamblingmentor.org/.
The median pay for an actuary reached $105,900 annually in 2021. Actuaries typically need a bachelor’s degree in an analytical major. Entry-level roles don’t typically require any work experience. The Bureau of Labor Statistics (BLS) reports much faster than average projected job growth for actuaries, with a 24% increase from 2020-30. What is an actuary? Actuaries apply math and statistical tools to determine the risk of negative events. They help businesses minimize the cost of risks, particularly in the insurance industry.
- Budget analyst
Budget analysts work in the public and private sectors, analyzing proposed budgets, overseeing spending, and planning for the future. According to BLS data, budget analysts earn a median salary of $79,940. The career path requires a bachelor’s degree but no required work experience in a related field.
Some employers prefer to hire candidates with a graduate degree. A business master’s degree can provide the finance, management, and accounting experience necessary for jobs as a budget analyst. In the public sector, budget analysts can choose to pursue a certified government financial manager credential.
- Data analyst
Finding the best business administration degree online can seem overwhelming. To help, we’ve ranked our top picks based on cost, convenience, and quality. While the BLS does not track data analysts, they do provide salary information for two very closely related titles: data scientist and operations research analyst. According to the BLS, data scientists earn a median pay of $100,910, while operations research analysts make $82,360. A data analyst can often be found at platforms like online casino ca.
Most colleges do not offer a data science major. Data analysts often major in fields like business, statistics, or the social sciences. Online data science bootcamps and courses can help millennials move into data analyst roles.
- Financial manager
Financial managers benefit from high salaries and strong demand. The field reported median pay of $131,710 in 2021, with much faster than average projected job growth. That translates into an estimated 64,200 new jobs every year.
What do financial managers do? They oversee financial reporting, create long-term plans, and manage investment strategies. The field requires a bachelor’s degree and around five years of experience in finance or a related field. A finance or business management degree provides the necessary analytical skills. Financial managers can pursue voluntary certifications like the chartered financial analyst credential.
Logisticians, also known as supply chain managers, oversee an organization’s purchasing, transportation, and delivery needs. They may specialize in product acquisition, resource allocation, or service development. Careers in logistics require a bachelor’s supply chain management or logistics degree. A business management degree also leads to opportunities as a logistician.
The BLS reports median salaries of $77,030 per year with much faster than average projected job growth. Industry certification helps logisticians break into the field. Entry-level roles don’t require prior supply chain experience.