Those entering a business career directly out of college with a bachelor's degree or while on track to complete a bachelor's degree will find the best starting careers involve finance, risk analysis related to funds or insurance payouts, working with the generation of proposals and duties related to promoting efficiency and productivity within their organization.
Associate Consultant
One way to begin your business career right out of college involves beginning your business career while you are still an undergraduate. You would do this by entering into a business profession part-time while still attending school and on track to a bachelor's degree. If you can make use of this route, you would begin your career as an associate consultant. You would work for companies in a finance-related capacity, possibly in a firm in the area of private equity or investment banking and possibly in a finance or business management area of another type of firm. Your work in this kind of position would involve problem-solving related to helping your employing organization pursue its organizational mission in a better, cheaper and faster way than existing operations.
First Year Analyst
With a completed bachelor's degree, you can go into your business career by starting out in a first-year analyst position as a business analyst, also called a management analyst. Business analyst jobs also deal in problem solving. However, the foundation of a business analyst career involves working on the preparation of proposals for potential clients. Once a client accepts the proposal, however, business analyst work involves similar problem-solving and improved efficiency related work as does an associate consultant.
Actuary
An actuary is another good entry-level business position suitable for bachelor's level college graduates. Actuaries assess risks and liabilities related to future payouts such as for health or disability insurance or for funds designated as future retirement payouts. Actuaries can work in a number of different organizations, including insurance carrier companies and state and federal government agencies.
Outlook, Salary
Management analysts can expect a growth rate considerably faster than that across all profession during the 2008 to 2018 time span. The BLS gives an estimated growth rate of 24 percent for this career. Business analysts can expect an annual salary range of $55,590 to $82,090 depending on type of employing organization. Also, the business or management analyst career, at the full-time level, may involve year-end bonuses of $5,000 or more at the completion of the first and second year of full-time employment with a company. Actuaries can expect an overall growth rate in that profession during the interval between 2008 and 2018 of faster than other professions. The BLS estimates the growth rate for actuaries during this interval as at 21 percent. For actuaries, the median annual salary ranged from $83,380 to $107,970 depending on the type of employing organization.
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