Business majors can be chosen from many business areas. You can choose from everything in business, including international development and social network analysis. Everything becomes business in a capitalist society. You don’t have to choose everything. This all depends on your learning perspective. This guide will focus on the top 10 business minors.
The best way to learn is to choose a subject you love. Do something you enjoy that doesn’t put extra pressure on you but satisfies your thirst for knowledge. Most undergraduate students choose one of many non-business courses to earn the 60 credits. Others choose a minor. These courses are most popular with business students.
Best Minors for Business Majors
These are the top 25 business minors:
- Accounting
- Marketing
- Finance
- Taxation
- Project Management
- Human Resources Management
- Industrial Production Management
- Supervision and Management of Operations
- Construction management
- Hotel management
- Management Science
- Entrepreneurship
- E-Commerce
- Business Administration
- Management Analysts
- Investments and Securities
- Data analysis
- Health Administration
- Industrial production
- Leadership in an organization
- Stock Analysis
- Political science
- Psychology for consumers
- Information technology (IT).
- International Affairs
Accounting
Accounting is one of the most popular minors in business. Accounting is the documentation of financial transactions that are related to a company. These transactions are collected and examined and then reported to tax collecting and regulatory agencies.
A company’s activities, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They give a quick overview of financial events that occurred during an accounting period.
Average salary: An accountant earns an average salary of $53,715 annually.
Projection of growth: 8%
You can take these courses:
- Course for ACCA Exam Study.
- A bookkeeping course.
- Strategic Professional Course at ACCA
- An accounting course.
- Advanced Technical Course in Accounting and Taxation.
Marketing
Marketing describes a business’s actions to encourage purchasing or to sell a product or service. Marketing can include selling or delivering goods to customers, as well as advertising. Affiliates can do some marketing for businesses.
Promotion specialists use advertising as one of the main methods to reach important target markets. Targeted promotions could include:
- Celebrity endorsements
- Use distinctive slogans and taglines
- Eye-catching packaging and graphic designs.
- General media exposure.
Average Salary: $140,000/year
Projection of growth: 10%
You can take these courses:
- Computer programs.
- Economics.
- Introduction to Business
- Marketing.
- Probability and statistics.
- Psychology.
Finance
Many career options are available in finance. Your days could be devoted to a single person’s budget, a large business, or perhaps a division of your local government. Your career will be focused on helping others to achieve financial success, no matter which path you choose.
To help individuals and organizations make the best financial decisions, you will analyze financial data. You can also offer advice about improving their financial situation.
Average salary $93,664 annually
Projection of growth: 6%
You can take these courses:
- CFA designation (Chartered Financial Analyst).
- Certified Public Accountant (CPA) certification
- The title CAIA (Chartered Alternative Investment Analysts)
- The title Certified Financial Planner (CFP).
- Certificate as a Financial Risk Manager
- Taxation
Taxation
Taxes are a necessary reality in life. They have a significant impact on every person, business, and institution. To reduce their tax liability, everyone wants to have someone else do the paperwork. That’s where tax experts can help.
The paperwork that goes along with tax compliance are the details. One important aspect of compliance is completing and timely filing your client’s tax return by the law. Your area of expertise may allow you to do calculations, bookkeeping, or paperwork related to estate planning and family trust creation. You might be able to focus on compliance once you have mastered the basics of your job.
Average salary: $46,860
Prognostic growth: 3.71%
You can take these courses:
- An auditing and accounting certificate.
- Accounting Postgraduate Diploma.
- Taxation degree.
- An associate degree in tax and company-law.
- Advanced Diploma in Taxation & Financial Accounting.
- Advanced Taxation Diploma
- Postgraduate Tax Management Program.
Project Management
Project management has been a critical part of business for decades. Its importance is only increasing. Companies will need 87.7 millions people to fill the project management-related positions by 2027. This growing need is being met by 15% more companies worldwide than 2007. Opportunities for project managers are improving.
Average Salary: $77162 per Year
Projection of growth: 20%
You can take these courses:
- Master Project Manager (MPM)
- Project Management Professional
- Project Management Expert
- ACP project management
Human Resources Management
Every company wants to recruit, retain and motivate competent workers while putting them into the most suitable positions. To achieve this goal, human resources managers oversee the administration of human resource departments.
They are responsible for managing employee relations and ensuring legal compliance. They ensure that assignments are executed properly and on schedule by supervising the department’s experts and supporting employees.
Senior executives meet with human resource managers to discuss problems with corporate overall planning and talent administration. They pinpoint strategies for maximizing the company’s personnel’s contribution and ensuring they are used as effectively as possible. They can, for example, evaluate the productivity of employees and suggest ways to reorganize the business to meet financial goals.
Average Salary: $98,820/year
Growth forecast: 9%
You can take these courses:
- Information management master’s degree.
- Master of Science degree in Information Management
- A master’s degree in human resource management.
- Master of Science degree in Information Management
- Human Resource Management Graduate Certificate
- Master of Science in Human Resource Management.
Industrial Production Management
Managers of industrial production are responsible for overseeing manufacturing and other related facilities. They organize, design, and oversee all aspects of manufacturing, including cars, computers, and paper products.
Depending upon the scale of the operation, an industrial production director may be responsible either for a whole factory or a single department. They oversee the implementation of quality control procedures to ensure that the final product meets a specified standard.
They may choose from a variety of standards-based manufacturing industry programs, such as Six Sigma and ISO 9000. These tools help managers identify product flaws and pinpoint the root causes. A manager might discover that defective components are coming from an outside source. Management may then work with the supplier to improve component quality.
Average Salary: $76,456 per Year
Projection: 6% growth
You can take these courses:
- For Certified Production Managers
- Production and Operations in Manufacturing
- A graduate degree in production management
- Production control
- Graduate Certificate in Operation and Production Management
Supervision and Management of Operations
Operations management and supervision is a highly competitive industry that requires coordination and leadership in order to manage the day-to-day activities of organizations and businesses.
As an operations manager or supervisor, you will play a crucial role in the team. You may also be responsible for everything depending on your business, including recruiting, training, purchasing supplies, and implementing new rules. Management of budgets and information systems may be another responsibility.
Average Salary: $116,090/year
Prognostic growth: 8%
You can take these courses:
- Production Control
- Project administration.
- Enterprise Resource Planning.
- Operations Analysis.
- Inventory management.
Construction Management
A construction manager is a specialist in overseeing the development of residential, commercial, or industrial constructions. They can collaborate with other managers and focus on specific components or parts of each construction project while also participating in all stages from planning to completion.
As part of a team with architects, surveyors, or other building professionals in planning and delivery you will be responsible for the practical aspects and execution of each stage of construction.
Additionally, you’ll oversee and control a variety of tasks on a building site and ensure that all workers and contractors are according to a predetermined plan to make progress. You may be responsible for large portions of complex or multifaceted projects, or even the entire project.
Average Salary: $97,180 annually
Projection of growth: 10%
You can take these courses:
- Master Track in Construction Engineering and Management
- BIM-enhanced Master’s Degree in Construction Management
- Construction ethics and compliance
- Infrastructure and Project Financing
- Quality management in construction.
- Contract Management and Procurement
Hotel Management
A hotel manager oversees a hotel’s daily operations and personnel. The hotel manager oversees staff members, planning, marketing, organizing, and managing services for guests, including food and lodging. The proper operation of each hotel environment component is the hotel manager’s responsibility.
Average annual salary $55,088
Projected growth of 12%
You can take these courses:
- Production Control
- Project administration.
- Planning your enterprise resources.
- Operations Analysis.
- Inventory management.
Management Science
Management science is the study of problem-solving and choice in organizations. It may be compared to the scientific method applied to management, giving managers the ability to decide on matters affecting an organization’s performance. Management science may be used by healthcare institutions to determine which information systems they require and to organize employees and aircraft.
Management science is essential because it helps businesses identify problems, streamline management processes, use resources more effectively, and create strategies to achieve their objectives.
Average salary: $69,110
Projected growth of 9%
You can take these courses:
- Product Management Master’s
- MS in Regulatory Science
- Engineering in Industry and Management
- Understanding Behavior in Management
Entrepreneurship
Entrepreneurship is a field that offers many opportunities for those who are organized, intelligent, creative, organized, and business-savvy. Venture capitalists from countries like Canada, India, Germany and the United States are always looking for the right idea and the right people. Franchisee partners, who represent a well-known company, are another excellent way to start your own business.
Average salary: $105,089
Prognostic growth: 18%
You can take these courses:
- Innovation and entrepreneurship
- Use Financial Analysis to Help You Make Better Decisions
- E-Commerce Essentials
- The Essential Entrepreneurship Guide
E-Commerce
E-commerce positions are those who carry out the duties necessary for online sales and purchases of goods and/or services. These jobs are available in many divisions and capacities, including marketing, distribution, business development and business development.
Average annual salary $74,791
Projection of growth: 7%
You can take these courses:
- Online SEO Training
- Online shops: Create, launch and manage
- Course on eCommerce Marketing
- Basics of eCommerce
- Commerce Foundations
Business Administration
Business administrators are responsible for managing the daily operations of a company. They help to incorporate new procedures and policies into daily operations.
Business administrators carry out managerial and organizational activities that promote an organization’s overall productivity and that of its many divisions and teams.
Average Salary: $53,833 per Year
Projection: 11% growth
You can take these courses:
- Human resources
- Finance
- Marketing
- It
- Managing operations
- Entrepreneurship
Management analysts
Management analysts are responsible for creating and conducting operations manuals to help improve the business’ management. They conduct organizational studies to determine how efficient companies work and then adjust their processes and organizational structures.
Average salary: $87660 per annum
Promised growth: 9.4%
You can take these courses:
- Evaluation and management.
- Communication and management within the organization.
- Strategic planning.
- Information systems for management
- Personnel resources.
- Investments and Securities
The world’s financial markets and consumers are connected significantly through the investments and securities industry. Securities brokers, also known by the names securities, commodities and financial services agents, are able to advise clients who want to invest their money.
Securities brokers arrange for clients to acquire or sell stocks, bonds, or other securities. From the multitude of investment options, brokers guide clients to the most suitable investments.
Average Salary: $69,200 annually
Projected growth: 15,2%
You can take these courses:
- Administration in business
- Accounting
- Marketing
- Commercial savvy
- Financial planning & analysis
Data analysis
For stakeholders to comprehend data and apply it to make strategic business choices, the data analyst acts as a gatekeeper for the organization’s data. A bachelor’s or master’s degree in analytics, computer modelling, science, or math is needed for this technical position.
Data analysts are data scientists who collect, analyze, and purify data sets in order to solve a problem or answer a question. They can work in many fields such as finance, government, law enforcement and science.
Average salary: $87,540
Projected growth of 9%
You can take these courses:
- A degree and knowledge of the industry.
- Computer programming expertise.
- Expertise with data analysis software
- Understanding statistics and machine learning algorithms.
- Expertise in data visualization software
Health Administration
In the background, healthcare administrators make major decisions about the institution or facility they manage. They directly work with policy and finance to improve patient experience and ensure the security of visitors as well as employees.
Administrators in healthcare know the laws and regulations that regulate patient care. They have different duties than doctors or other medical professionals. Healthcare administrators, who often have a bachelor’s or master’s degree in healthcare administration, control the institution instead of managing patients directly as doctors do.
Average salary: $59,980
Projectioned growth:11.6%
You can take these courses:
- Hospital administration master’s degree.
- MBA in hospital administration and management
- A postgraduate degree in hospital management or administration.
- A postgraduate certificate in hospital or health management.
- An M.Sc. in hospital administration
Industrial production
They are responsible to manage manufacturing and other allied facilities. They organize, design, and oversee all aspects of manufacturing, including cars, computers, and paper products.
Industrial production managers are often called plant managers. They may be responsible for a particular production line or an entire manufacturing facility. Managers of industrial production must follow quality control procedures in order to ensure that the final product meets a specified quality standard.
Average Salary: $103,150 annually
Projected growth: 8.4%
You can take these courses:
- Business management
- Administration of manufacturing
- Engineering in industry
Organizational leadership
Organization leaders are typically responsible for leadership duties. These leaders make important decisions regarding corporate strategy, resource allocation, or resource use. This one, in addition to other responsibilities is crucial to the organization’s success.
In order to be effective in their role as organizational leaders, they often need to make decisions that affect the entire company. This can lead to increased team, departmental or organizational efficiency.
Average Salary: $52,265/year
Projectioned growth: 12.9%
You can take these courses:
- Communication
- Organizational conduct
- Human resources
- Analysis and research.
Stock Analysis
Stock analysts analyze financial data to help individuals and businesses make investment decisions. Another aspect is interpreting researched data on financial, economic, and political developments that can influence their organizations’ portfolios.
Stock analysts work closely with other team members to collect the information needed to manage and update internal and externe presentation materials. They also research businesses being acquired or currently owned.
They also evaluate, update and create financial models, investment assessment and valuations. The firm monitors the performance of its assets and provides reports.
Average annual salary: $60,417
Projection of growth: 10%
You can take these courses:
- Risk Management Certificate Program.
- Certificate of Stock Market Education.
- Technical Analysis Certificate Program.
- Bond Market Certificate Programme.
- Equity Research Certificate Program.
- Investment Banking Certificate Program.
Political Science
For political scientists, the most common study areas are national politics, comparative political, international relations, and political theory. Qualitative research is often used by political scientists to gather data from diverse sources.
They can, for example, consult historical records to study past governmental structures and practices. To test and create their hypotheses, political scientists often use quantitative methods.
They may also examine voter registration data to determine trends in voting. Political scientists are experts in many areas, such as history, globalization, political parties, and the differences between national political institutions.
The role of policy analyst for institutions that are involved in policy is also played by political scientists, including the government, labor unions and political parties. They evaluate current policies and occurrences using electoral outcomes, economic statistics, and public opinions polls. These sources are used to help them predict the effects of new policies.
Average salary is $157,710 annually
Projected growth of 6.6%
You can take these courses:
- Management of the public.
- Foreign Relations.
- Politics
- Economics.
- Business Management.
- Government policy.
- Health Care
- Communications.
Consumer Psychology
This specialist field studies how our attitudes, convictions and emotions affect how we interact with products or services. Consumer psychologists study why certain products are more popular than others.
The primary responsibility of a consumer psychologist is to enter the customer’s psyche. Studying and investigating consumer behaviour and the factors that affect consumers’ purchasing decisions are the key objectives of this speciality area of psychology. You can conduct research using questionnaires or focus groups.
Average annual salary $63,149
Prognostic growth: 17%
You can take these courses:
- Consumer Action
- Market Analysis
- Market Psychology
- Consumer behavior
Information technology (IT).
Technology is the foundation of the majority of modern businesses. Once a company embarks on this journey, there’s no stopping it. The emergence of many business models has been made possible by information technology.
IT professionals support businesses with maintaining their digital infrastructure, as well as assisting users with solving problems. IT professionals are in high demand for their ability to keep up with security protocols and technology advances.
Average annual salary $91,250
Prognosis for growth: 13.2%
You can take these courses:
- Information technology management.
- E-Commerce.
- Web-based programs.
- Computer programs.
- Computing networking.
- Protocols for the Internet
- Discrete arithmetic, algebra.
- Computer and programming basics.
International Affairs
You can explore the complex inter-relationships between nations in the broad field of international politics, and then apply this knowledge to your job. To complement your degree, it’s crucial to have appropriate job experience. Volunteering is a good way to get experience, both in the United States and abroad.
Average salary: $73,954.
Projection of growth: 5.9%
You can take these courses:
- Diplomacy
- Lobbying,
- Political analysis
- Security and international law
- A second language
Frequently Asked Question
Is it possible to take secondary vocational courses?
Economics is an excellent subject matter to study, regardless of whether you are majoring or minoring. It will help you connect with other people who could help your business. Having some knowledge will help you communicate with and understand others better, such as accountants or business owners.
What is the name and surname of this minor?
A minor is an academic subject that students can study while they are completing their undergraduate education at a college or university. Academic Minor Usually, three years of university study is required to meet these requirements.
What are the possibilities for a marketing degree?
A minor in marketing is a good idea, especially in certain fields. A marketing degree may be useful for companies looking to hire copywriters. This applies to graphic designers and freelance writers as well as admissions into public relations.
What degree is best for students in business?
MBA: This degree is often the highest-paying.
Learn more about Education Consultancy Business.
Where can I go with a Bachelor’s degree in business?
You can get a combination of a minor in business and a business degree. A strong business knowledge can help you get a job in the following roles: market research analyst, brand manager, advertising analyst.
What is a good minor in business?
You should ensure that the minor complements your major. Communications or human resources management courses are great choices and will give you the managerial skills you need. You might also consider studying international languages or a second language.
What subjects are required for a business administration degree?
Business fundamentals, finance, accounting, logistics, finance and ethics are some of the subjects that are required to earn a business degree.
What are the requirements to obtain a business degree?
A business degree requires financial accountingLogistics, finance and economics. Marketing, operations management, quality control, data systems.
Bottom Line
A customized curriculum is essential for business education. So, most universities have a flexible academic relations department. Students can choose the field they want to study. Choose a major that best suits your interests and goals.
Everyone agrees that a minor can make it in business. But you must have practical experience. Do something that shows you understand what you’ve learned and can apply it to your given tasks.
To practice your skills and strengthen your knowledge, you should look for volunteer and internship opportunities. This will help potential employers feel confident in hiring you.
After you have proven your skills, it is possible to confidently enter business.
Expert Opinion
You may be able to find lucrative work opportunities with a business degree. A minor that connects with your field of study can help you achieve this goal. Many institutions require that students complete a minor. This will help you to develop new skills and expand your knowledge of your field.
There are several subjects that, if you’re looking for minors to study, can be very beneficial for your future job in business. These are the top minors that business majors should consider, and you might want to explore them.
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