Where Your Business Major Could Take You

Where Your Business Major Could Take You

Before jumping into a business major it’s important to understand what career options are out there. Knowing where each major could take you can help you to decide which path you want to explore. The following are majors offered at UTS:

1. Accounting

The recording of financial transactions and summarising of financial information within a business. This major could lead you on the financial or management accountant route; or also:

Forensic Accountant: produces audits of corporate, government, or non-profit records to determine liability, fraud and valuation; one of the most in-demand specialities in accounting (Average Annual Salary = $79,508)

Financial Analyst: use data to determine the potential risk and benefit of investments, helping their company or client make informed financial choices (Average Annual Salary = $72,527)

Audit and Assurance: provide audit activities for clients, advisor and influencing clients and engaging teams on resolutions (Average Annual Salary = $69,704)

Enterprise Risk Management: methods to manage risks (Average Annual Salary = $118,919)

2. Advertising and Marketing Communications

Manage a firm’s advertising and promotion activities by implementing advertising and communication strategies.

Advertising Manager: planning and managing advertising campaigns (Average Annual Salary = $68,500)

Marketing Communications Manager: planning, implementing and managing communications with customers (Average Annual Salary = $79,048)

Product Manager: responsible for developing and marketing products (Average Annual Salary = $114,000)

Public Relations: account executives responsible for planning publicity strategies and campaigns (Average Annual Salary = $58,575)

3. Business Law

Legal and regulatory framework of businesses is focused in which legal hurdles arise involving making ethical decisions for businesses.

Advisory (e.g. Policy Advisor): inform policy analysts on various issues in policy making; other roles include investment advisor, tax advisor and consultant (Average Annual Salary = $81,291)

Financial Services (e.g. Financial Analyst): analyses the market (trends, demographics and microeconomics factors) to help the company make smart investments (Average Annual Salary = $72,527)

Corporate Management (e.g. Risk Analyst): weigh risks alongside potential financial gain that the company may experience by taking the action (Average Annual Salary = $71,136)

4. Economics

Analyses the behaviour and decision-making of individuals, organisations and the government.

Economic Consultant: providing information to improve performance and policies (Average Annual Salary = $67,563)

Compensation and Benefits Managers: salaries and benefits choices that affect all employees of an organisation (Average Annual Salary = $142,968)

Management Consultant: practice of helping organisations to improve performance (Average Annual Salary = $106,000)

5. Finance

Financial decisions of corporations and individuals including the structure and operation of institutions and markets.

Chief Financial Officer (CFO)/Finance Director: reports to the CEO and COO on all the finance activities of a company including business planning, budgeting, forecasting and negotiations (Average Annual Salary = $350,000)

Actuary: deals with the measurement and management of risk (Average Annual Salary = $127,000)

Financial Analyst: analyses the market (trends, demographics and microeconomics factors) to help the company make smart investments (Average Annual Salary = $72,527)

Investor Relations Associate: present financial information about the company/clients to investors, analysts etc. (Average Annual Salary = $89,798)

6. Human Resource Management

Strategic approach to managing people in an organisation to help gain a competitive advantage.

Human Resources Director: responsible for all human resources activities, policies and goals of the company (Average Annual Salary = $150,267)

Compensation and Benefits Managers: salaries and benefits choices that affect all employees of an organisation (Average Annual Salary = $142,968)

Training and Development Manager: oversees the training programs, staff and budgets; and are responsible for organising training programs, including creating or selecting course content and materials (Average Annual Salary = $111,028)

Executive Recruiter: also called headhunters, looking for individuals to fill senior executive job positions (Average Annual Salary = $83,407)

7. Information Technology

34% of Australian CIOs say software development is the functional area within IT and technology that will create the most jobs over the next 5 years whilst 43% says it is the most challenging area to source skilled IT professionals.

Chief Technology Officer/Head of Technology: focused on technological issues within an organisation (Average Annual Salary = $300,000)

DevOps Engineer: developer interested in deployment and network operations, or sysadmins; interest in scripting and coding (Average Annual Salary = $121,111)

QA Engineer or Test Engineer: put programs through tests to solves areas of weakness to feedback to developers (Average Annual Salary = $90,000)

AI Engineers: perform hybrid of data engineering, data science and software development tasks (Average Annual Salary = $120,000)

Product Manager: responsible for the development of products (Average Annual Salary = $114,000)

8. Management

Developing relationships between people and organisations.

Managing Director (Healthcare, Pharmaceutical or Industrial): responsible for the operation and management of the healthcare or industrial area (Average Annual Salary = $366,000)

General Manager (e.g. Construction – Project Management): the construction industry has experienced a 15% growth in jobs over the last year thus a growing demand for project managers (Average Annual Salary = $98,029)

CEO or Entrepreneur: you can start your own venture!

9. Marketing

Involves all the activities of promoting and selling company’s products or services.

Chief Marketing Officer (CMO)/Marketing Director: responsible for overseeing the planning, development and executing of an organisation’s marketing and advertising initiatives (Average Annual Salary = $147,027)

Content Marketing Director: responsible for all content marketing initiatives to drive traffic, increase engagement, leads, sales and customer retention (Average Annual Salary = $85,000)

Creative Director: often involving graphic design, film, photography etc. in the creative process to produce engaging content to prospective consumers (Average Annual Salary = $96,432)

Marketing Analyst: performs research and gathers data to help market its products or services (Average Annual Salary = $70,178)

Events Coordinator: plans all the events for the company (Average Annual Salary $51,183)

Brand Manager: help build and raise awareness of the brand by delivering innovative marketing campaigns (Average Annual Salary = $79,265)

**Note: examples listed are only a small number of roles

Leave a Reply

Close Menu
%d bloggers like this: