Category Archives: Business

Three Ways to Major in Economics

For students who take an interest in economics, there are multiple ways to build an academic plan that will suit each student’s unique career needs.  Students can choose a Bachelor of Arts, Bachelor of Business Administration, or Bachelor of Science degree plan.  What this means is that students who have an interest in double majoring have 86 possible choices for their second major.  Students can use this foundation to enter thousands of occupations, including business, law, and healthcare.  An Economics minor is also available.

Click here for some initial ideas on career possibilities with an Economics major.

Career Spotlight: Marketing Manager

 

Marketing is a popular major choice for many of our students, due to the perception that interpersonal skills and creative talent are key elements.  Today’s post will focus on the responsibilities of marketing managers.  From Occupational Outlook Handbook:

Marketing managers estimate the demand for products and services that an organization and its competitors offer. They identify potential markets for the organization’s products.

Marketing managers also develop pricing strategies to help organizations maximize profits and market share while ensuring that the organizations’ customers are satisfied. They work with sales, public relations, and product development staff.

For example, a marketing manager may monitor trends that indicate the need for new products and services. Then they oversee the development of that new product.

Take note that strategy based on data is a key element of this profession.  Do you consider yourself a strategic thinker?  Do you like analyzing information?  Obviously, the ability to work as part of a team is also critical.

It is also important to recognize that many marketing managers have work experience in the field prior to taking on the management role.  Reviewing full-time job postings for marketing managers will help you gain an understanding of what kinds of experience you will need to be qualified for a leadership role.  You could even begin gaining experience during college through internships.  Make sure to visit the website for the Office of Career and Professional Development for information on how to prepare for and find an internship.

Another resource, the American Marketing Association, has a section of their website devoted to students.  It includes a job board.  Keep in mind that once you determine if a career in marketing is for you, you will need to develop a plan for marketing your own skills and talents.

Click here for more information on the Marketing major at Baylor.

Career Spotlight: Real Estate Agents and Brokers

Many House Hunters fans out there have pondered a career in real estate.  Here is a bit of information to help you take that idea from fantasy to reality.  The primary difference between real estate agents and brokers is that brokers can run their own real estate businesses.  Agents must work for a broker.

Baylor students can major in Real Estate through the Hankamer School of Business.  To learn more about the job duties, pay, and job growth of brokers and real estate sales agents, you can visit Occupational Outlook HandbookRealtor.org has a list of designations and certifications available through the National Association of Realtors®.

Happy hunting!

Entrepreneurship

Do you have a desire to create your own company? If so, you might be called to entrepreneurship. Lucky for you, Baylor has just the program you need.  Click here to learn more about Baylor’s Entrepreneurship and Social Entrepreneurship programs.

Here are a few related articles you may find interesting:

6 Tips For Starting Your Startup From An Entrepreneurial Guru

Female Startup Founders Share Lessons Learned

I Started My Own Company: Ten Lessons I Learned

Financial Planning Major

Are you interested in helping clients build up a nest egg?  If so, the Financial Planning major might be a great fit for you.  The program is offered as a major on the Bachelor of Business Administration degree plan, and it provides the educational requirements for students who want to sit for the Certified Financial Planner exam.  More information on some of the careers related to this major can be found on the Occupational Outlook Handbook website (links below).

Personal Financial Advisors

Insurance Sales Agents

Securities, Commodities, and Financial Services Sales Agents

Career Spotlight: Accountant

Known for its good salaries and stability, the field of accounting seems to be more popular than ever.  Accountants are responsible for preparing financial statements, handling tax payments, and being able to explain their work.  This means that their work requires much precision and attention to detail.  Accountants also need to be able to communicate effectively in person and in writing.  Baylor University offers three ways for an undergraduate student to complete an accounting major:

1) Bachelor of Business Administration in Accounting

2) Five-Year Joint Degree Program:  Bachelor of Business Administration in Accounting/Master of Accountancy

3)Five-Year Joint Degree Program: Bachelor of Business Administration in Accounting/Master of Taxation

Interested students can visit the Baylor Business website for more information on these programs.  For more information on accounting careers, the following links may be helpful:

Accountants and Auditors (Occupational Outlook Handbook)

This Way to CPA (AICPA)

 

Interested in Sales?

Here is a great opportunity to hear from a sales professional about his career through the Baylor Business Professional Development Program “First Wednesdays”.

Here is some information about the event as seen in “On the Baylor Horizon”:

“Wednesday, November 7, 5 p.m. in the Kayser Auditorium.  First Wednesdays provide an opportunity for students to hear from business professionals about various roles in sales and marketing.  Paul Nelson, sales executive with IBM, will share insights from over 30 years of experience in sales, management, and executive management positions.  For additional information, visit www.baylor.edu/business/selling/pdp.”

 

What is an Actuary, and Why Would I Want to Be One?

Students tend to avoid learning about careers that are unfamiliar to them.  Unless you have a family member who is an actuary, or you stumbled upon the option while viewing your career assessment results, you may not have heard of actuaries.  Students who are mathematically-inclined should visit the following links to get more details on this high-paying career.

Be an Actuary

Occupational Outlook Handbook

Casualty Actuarial Society

Social Entrepreneurship: A New Track and Minor

Students who want to use their business sense to serve others and make a positive impact on the world might be naturally drawn toward the field of social entrepreneurship.  What is social entrepreneurship, you might ask?  Check out this link from PBS.  Still interested?  You can review the course requirements for the Social Entrepreneurship track within the Entrepreneurship major or the Social Entrepreneurship minor.  For further information, visit the Majors Fair (which will also feature minors and secondary majors) on October 16th, from 2:30 p.m. to 4:00 p.m. on the 2nd Floor of the Bill Daniel Student Center.