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Top 10 Essential Books for Entrepreneurs to Widen Their Skills
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The world of business is constantly evolving to include newer verticals. Many people dream of becoming an entrepreneur, but only a few live the dream. The reason is: it’s not as easy as it seems. Doing what you love and having your startup is great until you run out of new ideas and run head-first into losses. The most successful businesspeople are lifelong learners. Having or not having a degree in business does not guarantee your decision-making abilities and farsightedness. The more you cultivate your skills, the better you contribute to your company’s growth.  Thankfully, the best books for entrepreneurs are available across the market, authored by accomplished businesspersons. There are so many publications available for those who want to start their own business that it can be overwhelming to know where to begin.  Here are the top 10 best books for starting a business. 1. Josh Kaufman’s “The Personal MBA: Master the Art of Business” Josh Kaufman has built a successful career by simplifying business fundamentals and making them relatable to people at all career stages. He discusses the fundamentals of commerce, advertising, communication, strategies, and many other topics in The Personal MBA. The Personal MBA can assist entrepreneurs in grasping the difficult jargon they encounter. This book has to be on the checklist for budding entrepreneurs without a BBA or an MBA.  2. Jason Fried’s “Rework” Rework is a book that entrepreneurs will keep coming back to. This book is a motivator for people who have always wanted to make it on their own. It’s a brief overview of the basic principles an entrepreneur must always go by. It is one of the best books for entrepreneurs that approach the idea of startups from an entirely new perspective. The book is a guide to endless possibilities by starting small, keeping it simple, and avoiding the wasteful practices that corporations are prone to. 3. Eric Ries’ “The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses” In the book, The Lean Startup, author and businessman Eric Ries talks about some unique startup approaches, mainly focused on self-assessment of business ideas before making significant investments in them.  The book provides business owners with a mechanism to test their ideas repeatedly, adapt, and change before leaping into a hefty investment. The book broadens one’s ideas to analyzing probabilities over possibilities. 4. Peter Thiel’s “Zero to One: Notes on Startups, or How to Build the Future”  Peter Thiel elaborates on the importance of companies bringing new goods or services into the market with this book. The reading illustrates how modern businesses are concentrating on developing new ideas or modernizing their current products to adapt to the market.  The author challenges all budding entrepreneurs to transform the world from nothing to something with the help of 100% original ideas. He outlines some practical recommendations for entrepreneurs to take while launching a company and thinking of new business strategies. Zero to One does not offer the concepts of stereotypical services and products, instead demands newer innovations. 5. Timothy Ferriss’ “The 4-Hour Workweek”  Now, this is more of a lifestyle genre pick. The book is packed with helpful advice on how to build a lifestyle that involves success, wealth, and at the same time- well-being and peace.  In essence, it is a book that incorporates the fundamentals of smart time management and gradual self-discovery. The book constantly challenges societal norms and focuses on simultaneously improving and simplifying life. Tim says roughly 20% of your work will provide 80% of your results. But that’s not all. There are more surprises on every page! 6. Ken Colwell’s “Starting a Business QuickStart Guide”  Are you confident about starting independently but don’t know where to start? Well, Ken Colwell brings one of the best books for starting a business.  The Starting a Business QuickStart Guide provides practical solutions to the frequently asked questions of aspiring entrepreneurs. Colwell guides readers through the fundamentals of appraising an idea’s worth and drafting your first strategic plan. With this book, you will learn about the different stages of planning, adapting, and implementing with practical examples and an enjoyable lookout on seemingly tedious tasks. 7. Charles Duhigg’s “Smarter Faster Better: The Secrets of Being Productive in Life and Business”  Author of New-york Times best-selling novel, “The Power of Habit”, Charles Duhigg, comes back again with his second novel focusing on productivity in business and life. The anecdotes that come up every few pages give this book an added impetus. Charles emphasizes the importance of setting up short and long-term goals using the ‘SMART’- “Specific, Measurable, Attainable, Realistic, Time-bound” way. He approaches concepts such as teamwork, commitment, and motivation in a new light. This book will teach you to draw a line of balance between the different dynamics of your personal and professional life. 8. Geoff Colvin’s “Talent is Overrated: What Really Separates World-Class Performers from Everybody Else” Colvin takes another stance in a world where everyone is convinced that talent is in genes and comes naturally to a person. He believes that talent is not something a person is born with but is cultivable- a result of practice and dedicated efforts over the years. He also suggests that readers start practicing as early as they can because nothing is more valuable than experience. This book is a game-changer for people who want to start cultivating their abilities but have no idea how and where to begin.  9. Sahil Lavingia’s “The Minimalist Entrepreneur: How Great Founders Do More with Less” “You don’t learn, then start. You start, then learn.” Nowadays, you don’t need a fancy degree or hefty funding to get yourself started in the business. Several startups are taking it on digitally- exploring the ideas of minimalism in terms of investment and maximizing their profits.  This book is a perfect guide to learning about the fundamentals of business at the grassroots level. The book talks about how the market responds to quality over quantity and welcomes new ideas. Lavingia makes you believe in your ideas and pushes you to take the leap- only this time, you’re not afraid. Learn DBA Courses from the World’s top Universities. Earn Doctorate from top universities to fast-track your career. 10. Jen Jones’ “Intropreneur: Strategies to Build Your Business as an Introverted Entrepreneur”  As an entrepreneur, one of the most challenging things to do is communicate effectively, build brand reach, and keep on networking. But what if you are an introvert? This aspect can be quite challenging for someone who has a lot on their mind but is shy to speak up when it’s time. Jen helps you deal with the “Intropreneur” in you. The book is a guide to identifying the type of introvert you are, how to engage and build relationships with others without exhausting your energy level, and, most importantly, how and when to set boundaries. It works as a guide to find your strengths, work on them and achieve success. This is one of the best books for starting a business as an introvert. Conclusion  Industry experts and experienced market analysts in the business industry have written many books on entrepreneurship sharing their experiences and tips with newbies. Some of the best books for entrepreneurs urge readers to upskill themselves, understand the updated market trends and models, and pave their way ahead without the fear of failure.  If you want to build your entrepreneurship skills and are debating whether starting a business would be the right choice, check out upGrad’s Global Doctor of Business Administration program. Through this program, one can meet business professionals, get feedback, and develop their professional and interpersonal skills. Also, it helps develop your management and leadership abilities and is food for churning out fresh business ideas and approaches.
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by upGrad

17 Mar 2023

Top 10 Business Books To Read To Become an Entrepreneur in 2024
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Reading is crucial for an entrepreneur to stay updated on the latest trends, learn from the mistakes of others, and get inspired. A successful entrepreneur should read books, blogs, and magazines regularly. They should also attend conferences and seminars to stay up-to-date with the latest developments in their industry. The benefits of reading extensively as an entrepreneur are numerous. It can be a source of inspiration, knowledge, and new ideas. Reading top business books also helps them understand how other entrepreneurs have solved similar problems. Aspiring entrepreneurs can develop analytical skills with the help of a good book. On the communication front, it helps to improve your writing skills and vocabulary, which makes you a better communicator with your team members or customers. Our list of best business books of all time will ensure you find the right pick that fuels the entrepreneur in you! Top Business Books for Aspiring Entrepreneurs It is not easy to be an entrepreneur, and even more challenging to start a business. However, many books can help you in your journey. Countless books are available to entrepreneurs in the market, but one must find the ones that suit them the best.  1. The Lean Startup by Eric Ries The Lean Startup, a top business book by Eric Ries published in 2011, urges entrepreneurs to use iterative and incremental innovation. This book teaches you how to build a successful company by focusing on the customer’s needs and wants. It is a must-read for entrepreneurs interested in launching startups and is, inarguably, one of the best business books of all time.  2. The Power of Habit: Why We Do What We Do, and How To Change by Charles Duhigg In his 2012 book, Charles Duhigg discusses the power of habits. He breaks down these habits into three components —Cues, the trigger directing your brain into a preset and which habit to use; Routine, the behavior itself; and Reward, what your brain gets for using a particular habit. Using these components, Duhigg talks about how practices work in our brains and how they are formed. He also talks about how habits can be changed by understanding their patterns. 3. Zero to One: Notes on Start Ups, or How To Build the Future by Peter Thiel and Blake Masters Zero to One is a 2014 book about startups and how to build the future. The author, Peter Thiel, offers some insight into what it takes to create a startup from the ground up. In his book, he shares his experiences and those of other successful entrepreneurs. He also points out that there are different ways of thinking about innovation and entrepreneurship. He discusses how startups should focus on creating new things instead of copying what already exists in the market.  Learn DBA Courses from the World’s top Universities. Earn Doctorate from top universities to fast-track your career. 4. The Innovator’s Dilemma: When New Technologies Cause Great Firms To Fail by Clayton M. Christensen Clayton M. Christensen is an American academic and a Professor of Business Administration at the esteemed Harvard Business School. In 1997, he published The Innovator’s Dilemma, which explored the high-tech industry and argued that big companies could fail by pursuing small innovations rather than disruptive technologies that initially seem irrelevant to their markets. The book discusses why established companies fail to respond to disruptive technologies and market changes and how new market entrants can use that failure as an opportunity for growth. 5. Four Steps to the Epiphany: Successful Strategies for Products That Win by Steve Blank The Four Steps to the Epiphany is a book by Steve Blank, published in 2005. It is a guide for entrepreneurs who want to start their businesses. The book provides four steps used to create a successful business. The first step is ‘Customer Discovery’, which involves understanding the customer’s needs and wants. The second step is ‘Customer Validation’, which involves testing the product with customers and getting feedback. The third step is ‘Company Building’, which consists of building a company around the product or service validated in previous actions. And finally, the fourth step is ‘Company Succession’, which involves preparing for when you are no longer running your company or want to sell it off. 7. Principles: Life & Work by Ray Dalio Ray Dalio is the founder of Bridgewater Associates, one of the most extensive hedge funds in the world. He has been a successful investor for over forty years and has written a book about his principles. In this book, published in 2017, Dalio shares his life story and how he rose as a successful investor in the industry. He also shares the principles that have led him and his company toward success. 8. The $100 Startup: Fire Your Boss, Do What You Love and Work Better To Live More by Chris Guillebeau The $100 Startup is one of the top business books written by Chris Guillebeau, who shares his experiences building and running a small business. In the 2012 book, Guillebeau shares his experiences starting and running a small business. He talks about how he started his first company while living in poverty and how he has been able to help people around the world start their businesses. The author believes that anyone can start a successful company with as low as $100 if willing to invest time and effort. 9. How To Win Friends and Influence People by Dale Carnegie Dale Carnegie was a famous American author who wrote many books on self-improvement, public speaking, and salesmanship. His most famous work is “How To Win Friends And Influence People”, which has become a successful guide selling over 30 million copies worldwide. This book discusses the importance of understanding and influencing people, which is essential for success. Carnegie shows how to make friends quickly, change people without offending or arousing resentment, win people over to your way of thinking without argument or coercion, and handle difficult people. 10. The Seven Habits of Highly Effective People by Stephen Covey Regarded as one of the top business books, it is a self-improvement guide that teaches readers how to change their lives with simple yet powerful habits. It is written by Stephen Covey, who also wrote The 8th Habit and Principle-Centred Leadership. Covey divides the habits into categories such as being proactive, focusing on the end in mind, putting first things first, thinking in a rewarding manner, seeking to understand first, and finally understanding, synergizing, and sharpening the saw. 11. Think and Grow Rich by Napoleon Hill Think and Grow Rich by Napoleon Hill is one of the most popular books on success. The book was initially published in 1937 but has been revised many times. In this book, Napoleon Hill shares his wisdom with readers on how to become successful in life. He does this by sharing his personal story and the stories of other wealthy individuals he interviewed for the book. How to use These Books to Become a Better Entrepreneur A lot goes into being an entrepreneur as you bear the responsibility of setting up every aspect of your venture’s life cycle and ensuring that your product fulfills its potential in the market. We have put together the best business books of all time, which can help novice entrepreneurs to learn the ropes and extend their understanding of time beyond what they collected at college or high school. These books are an excellent resource for entrepreneurs. They provide insights on how to build and diversify business and manage the day-to-day tasks of running a company. They offer advice on what worked for them and what didn’t so that you learn from their mistakes and find a better approach. Final Thoughts Entrepreneurs always look for spaces to grow and diversify. Knowing which books to read can save you significant resources. This list contains the ten best business books of all time recommended by entrepreneurial leaders to help other entrepreneurs grow and learn more about entrepreneurship-from marketing plans to business models.  While books and educational resources are vital for your growth, nothing can match the significance of a certified degree course. upGrad’s Doctor of Business Administration, offered by Golden Gate University, promotes entrepreneurship education through an expert-led curriculum, fueling working professionals to strengthen their entrepreneurial skills further. The course offers five specializations, enabling candidates to opt for the choice best suited to their future endeavors.
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by upGrad

16 Mar 2023

What is Business Manager Salary in US? Factors Affecting the Salary
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The position of a Business Manager is intended for someone who exhibits administrative efficiency and brings new dimensions to the table. This article will focus on some factors that affect a Business Manager’s salary in the US.  Responsibilities of a Business Manager A Business Manager’s primary responsibility is to oversee and manage a company’s activities and employees. Other regular duties of a Business Manager include the following: Establishing business objectives following the needs of the organization. Building business strategies and detailed action plan to achieve the specified company goals. Monitoring and controlling how well people perform at work. Streamlining sales and marketing procedures to assist companies in locating and connecting with clients. Increasing the success rate through resolving conflicts between employees, suppliers, and clients. Adjusting recurring reports to track the performance of the business. Hiring and educating new hires. Ensuring that all corporate operations adhere to the laws and regulations. Traits of a Business Manager Successful organizations are led by great Business Managers who possess strong management skills. To manage an organization or a corporation, you need to have the following skills and qualities:  1. Being a visionary One of the characteristics of an excellent manager is having a clear vision. They also have a constructive mindset and planning as they move forward on a project. Being a visionary helps them predict consequences and work towards desirable outcomes. 2. Communication Skills Communication skills are another factor related to vision. This is a trait that all great managers possess. Your employees’ productivity may decline as a result of inadequate communication. Undoubtedly, great managers are superb communicators, allowing them to bring everyone on their team together.   3. Confidence Managers must have confidence in their ability to keep the team’s support. They need to be sure that their choice is the best for their business and staff. In business, there are constant ups and downs. During the best and the worst times, a great manager should be confident and not lose their calm. Factors Affecting the Business Manager Salary in the USA: The salary of a Business Manager in the United States of America is influenced by a wide range of factors, including skills, education, years of experience, and job role. Below are some of the factors. Skills  If you possess the ideal mixture of industry-relevant hard and soft skills and have had significant exposure holding other significant positions, your salary will be high. Since Business Managers are expected to be very dynamic: mastering leadership, development, and implementation of strategies, you must have a strong skill set to land high-paying positions.  Requirements constantly change in the corporate world. You must upskill yourself regularly to be an asset to the corporation. Employers prefer candidates who can provide value to an organization. Education  To maximize your earning potential and land a decent position in the business sector, you must have a minimum of a four-year bachelor’s degree in finance, accounting, or marketing.  The degree will not only open doors for you at the best companies but also give you an added impetus when you seek to upskill yourself and enroll in different technical courses. You can even do a master’s degree for a higher salary expectation. Companies usually choose a candidate with an MBA over one with a BBA. Years of Experience  Your market worth closely relates to your experience in terms of the number of years you have worked in the field. The more your experience, the more dynamic and competent you’re assumed to be. You are eligible to expect a comfortable package if you have more than ten years of expertise in the management industry. The experience, coupled with your exposure, ranks you ahead of your competitors and lands you on a higher package. Job Role  Your salary is also determined by the previous job descriptions you have held. Your current CTC is quoted depending on your organization’s role and performance. Business Managers are usually chosen among the highly experienced and most dynamic candidates. Hence, if you are great at your job and manage to make the most out of the situation, you could be looking at a great pay scale as the Business Manager. Check Out upGrad’s Doctor of Business Administration course What is the Salary of a Business Manager in the USA?  The average annual income for a Business Manager in the US is  $67,786 for candidates holding 3 to 5 years of experience. Salaries usually range from  $38,198 to $120,292. Entry-level:  In case you are a fresher or a job-seeker with less than a year of experience in the corporate world, your average annual base income will be $60,078. Usually, an experience of 3 years is a minimum requirement to hold the post of a Business Manager in the USA. Moderately experienced:  You can expect a pay scale of $73,864 annually in case you bring 6-9 years of experience in the corporate world and business expertise gained through exposure during your previous employment to the table. Highly experienced:  There are seasoned candidates with more than ten years of experience who have served in several other significant roles before becoming Business Managers. If you are one of them, you should be looking at an average figure of $74,747 per year as your pay scale. Business Managers: Different Job Roles and Salaries  1. Marketing Manager The role of a marketing manager is to monitor the overall market scenario regarding the brand. They are usually responsible for creating brand campaigns, assessing the market’s purchasing power, and building strategies to increase brand value.  Estimated annual income: $68,039 Salary range: $44,206 to $104,722 2. Operations Manager An Operations Manager is responsible for overseeing the internal workings of the company, including but not limited to marketing strategies, employee satisfaction, growth trends, intra-organizational drives, and so on. A Business Operations Manager salary is often rewarding and fully compensates for all the efforts needed to fulfill the position. Estimated annual income: $68,044  Salary range: $40,761 to $113,587. 3. Sales Manager/Sales Team Manager A Sales Team Manager leads the Sales Representatives of the company and keeps working to increase the client base actively. A Sales Manager also assesses the fresh leads from the Marketing Team and devises new sales strategies with the Operations Team. They are responsible for ensuring the smooth implementation of the same.  Estimated annual income: $67,871  Salary range: $30,844 to $149,347. Conclusion This article thoroughly explains some of the factors that influence a Business Manager’s salary. Check out upGrad’s Doctor of Business Administration program to get greater insight into the intricacies of Business Administration as a whole. The curriculum helps you upskill yourself, keeping in mind the demands of the present job market. 
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by Pavan Vadapalli

13 Jan 2023

What is Business Administration Course? Everything you need to know
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Business administration is a vast industry with various responsibilities, working conditions, and possibilities for advancement. Managing an organization’s assets, time, and people is known as business administration. Business administration professionals ensure that businesses are managed profitably, successfully, and effectively. This balancing act calls for knowledge and expertise across many different fields. Quantitative abilities and “soft skills” like influencing others, expressing ideas, offering feedback, and creating compelling presentations are necessary for a career in business administration. Business professionals often specialize in a particular area and need at least a basic understanding of accounting, finance, branding, human resources, and telecommunications. Business success involves the ability to communicate clearly and effectively. Business administration needs to work in teams and on collaborative initiatives rather frequently. Managing the workload is only one element of the difficulty; an essential part of business success is being a team member that your colleagues and superiors can count on. Check Out upGrad’s Doctor of Business Administration course What is a bachelor’s degree in business administration? Business administration is a topic of business and management that teaches you how to manage a business or venture, keep track of its progress, and make critical decisions that will help it become more successful and sustainable.  One of the most multidisciplinary academic programs is business administration, which incorporates theoretical information and ideas from fields such as economics, accounting, finance, marketing, and human resource management. You will be offered the chance to learn skills essential for selling goods and services, overseeing your business’s financial health, analyzing performance reports, motivating employees, maintaining high productivity levels, and coming to effective business decisions while studying business administration. A business administration degree comes with many advantages and prospects for growth, but it also requires time and effort. For instance, many programs would need extensive work experience during admission if you apply for an MBA—Master of Business Administration, not to be mistaken with a conventional Masters in Business Administration. You can become a business owner, research analyst, financial planner, risk management consultant, purchasing agent, quality assurance specialist, marketing representative, or office manager after earning a degree in business administration.  What is the scope of a career in business administration? Now that we have a brief idea of what is business administration, let’s look into what the field offers.  Your business administration expertise may be used in numerous industries, including manufacturing, health care, government, or nonprofit organizations, depending on your position at a given company. You might assist the finance, sales, human resources, or operations departments. You could also work on particular initiatives or engage in long-term strategic planning to help your organization make critical business decisions. Professionals in business administration are accountable for tasks like: Examining and controlling essential aspects of a business unit Managing operations Hiring fresh personnel Managing and inspiring team members Executing well both individually and collectively Skills needed for business administration  A business administration course will also help you learn the necessary skills to benefit your job roles. Some of the skills required have been listed: Communication skills Can you swiftly and tactfully respond to emails, conversations, and in-person questions? Can you provide constructive and non-accusatory comments to coworkers and employees, no matter how poorly they may have performed a task? If yes, you’re well on your way to becoming a successful master communicator, a skill highly sought after in today’s business. Microsoft Office proficiency Word and Excel from the Microsoft Office suite are essential tools for any modern office. In order to brush up on your knowledge, if you are unfamiliar with how they operate, find an online course or enroll in a class at your local library. Daily work will be considerably more accessible once you are proficient in Microsoft Office. Attention to detail Another highly valued professional trait is attention to detail and efficiency in all duties. You’ll become known as a top employee by paying attention to the small things, such as how your boss likes her papers and documents prepared and organized or when you need to carry out the daily mail. Management of time The majority of firms want candidates seeking jobs to have this essential quality!  Database management skills One of the most critical business administration skills is the ability to organize data. Once you’ve figured out a database system, everything in your life will be more accessible, from using spreadsheets to managing an offline filing system. Improve your knowledge online, or ask your local library about any related books or training sessions they could offer nearby. Budget Management Companies expect the team to have yet another essential ability. Managing money, from tiny cash to significant budgets for events and pay, is crucial in the workplace. Keep thorough records of every dollar going into or out of your business account, along with a paper trail.  Jobs after a business administration course Now that you know what is business administration course all about, let’s explore the career opportunities. Managers of business and administrative services in the United States belong to a career essential to the country’s economy’s continuous expansion. Business organizations constantly need employers who can do administrative tasks. Employers in Florida frequently urge specialists and technicians to pursue business administration degrees since they know that internal promotion is a tried-and-true method for business expansion in the United States. Business majors could acquire essential skill sets by studying company theories and discovering optimal business practices, including the ability to assess issues utilizing data. Business majors also have the chance to develop leadership abilities and may become skilled at establishing professional communications. This broad range of capabilities is something that employers from many various industries look for in business degree holders. If you are a business administrative aspirant, are you thinking about what you can do with a business administration degree? There are a number of job roles that you can explore as a business administrator. Here we will talk in detail about all the job perspectives.  1. Procurement Officer Procurement professionals, also called “purchasing officers,” are in charge of buying goods necessary for company operations. For this position, one of the most significant in the supply chain, analytical, administrative, and negotiation skills are required. The procurement officer must establish the standards and timeframes for the products their organization needs, then research and assess potential suppliers’ reputations, offerings, quality, and prices. The procurement officer must pick one of those to prepare a contract with, following which they must keep an eye on how well the service, delivery, and relationship are working. 2. Business Advisor Specialists in learning and development concentrate on enhancing employees’ abilities and knowledge by organizing, carrying out, and managing training programs. Specialists in training and development can find employment in almost every sector of the economy, and they interact with people frequently when making presentations and supervising training sessions. A daily task can involve determining the training requirements of the workforce through surveys, interviews, and consultations before creating training programs to address those requirements. Writing and editing instruction manuals, e-learning modules, and other training course materials are frequent examples of this. 3. Human Resources Manager The most precious resource for a business will always be its human capital. Managing the workforce, which begins with recruitment and involves payroll, compliance, training, benefits, planning, retention, counseling, and strategic planning, is the job of human resource managers. Although recruiting, screening, interviewing, and hiring workers is human resources experts’ primary responsibility, many have received training in all aspects of HR. Therefore they routinely deal with other HR-related duties like employee relations, pay and benefits, and training. These regular duties could include processing payroll, handling benefit management, and making sure that human resources processes adhere to all applicable federal, state, and local laws. 4. Loan Officer Loan officers evaluate, approve, or suggest that loan applications from individuals and businesses be approved. Typical duties could involve gathering, checking, and evaluating financial data on loan applicants, such as credit ratings and income ranges. They also contain loan agreements that adhere to all relevant federal and state requirements. Commercial banks, mortgage businesses, credit unions, and other financial institutions associated with lending employ most loan officers. 5. Financial Analyst Financial analysts gather information from sources like earnings announcements, run financial projections, and offer financial advice. They thoroughly understand a specific company, sector, or industry and express their financial opinions in presentations. Buy-side analysts and sell-side analysts are the two types of financial analysts. Buy-side analysts typically work for a pension fund or mutual fund business, conducting research and providing recommendations to funding money management. Sell-side analysts are employed by a business or brokerage that handles individual customer accounts. Sell-side analysts suggest buying and selling individual equities to the firm’s clients. Conclusion  A career in business administration is in high demand at the moment. Companies are looking for skilled professionals to assist their businesses by creating a proper financial structure. If you are searching for a course that will help you understand business administration from scratch, we suggest the upGrad Global Doctor of Business Administration course. This is the best opportunity to get your DBA degree, even during your strict daily routine. 
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by upGrad

12 Jan 2023

Top 10 Career Options in Business Management in US
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Business management is a multifaceted field, extending opportunities across diverse verticals. Business managers across MNCs have one primary goal, to guide every team member throughout the process and handle different business segments. This versatile nature of business management and an expanding range of career opportunities make it one of the rising industries in the market.  With over 215,758 business analysts actively working in the US, the business management vertical is currently experiencing high demand in NY, US. Moreover, the annual wage starts at $87,712, proving the lucrative nature of this field and compelling hundreds of others to pursue it.  Business management branches across multiple disciplines, allowing you to find your potential in the most suitable one. If you, too, want to pursue a career in business management, this is the right place to get started! We have listed the top ten career options under business management in the US. Top 10 Careers in Business Management Working on your skill set is the foremost requirement while exploring business management roles. Strong communication skills, leadership qualities, fundamental and advanced business management concepts, and teamwork are a few of the many desired skills employers seek in a business management candidate. These skills also work as a deciding factor to push you through a specific field among the extensive list of business management careers.  Let’s explore some of these roles that are popular in the US.  Chief Executive Chief Executive is one of the highest-paid jobs in the world. Chief executives have to plan, coordinate, and evaluate the tasks of different departments within a company. They ensure a smooth procession of tasks and are required to have significant skills to deal with obstacles. The estimated annual salary of the Chief Executive starts from $179,520.  Marketing Manager Marketing managers are responsible for building the company’s strategies, profits, losses, customer details, and so on. The marketing manager is also seen as a connecting link among other vertices of the company. For example, sales, public relations, account managers, project managers, and many more. Business development degree jobs require you to become a connoisseur of diverse media channels to utilize each for service or product endorsement. The annual salary of marketing managers is $133,800. Financial Manager Financial managers’ primary role is to maintain an organization’s financial health by overseeing investments, budgeting, and various finance-related decisions. They are supreme advisors for long-term financial goals invigilating even the most minor monetary decisions. The activities that come under this profile are investment activities, financial planning, annual reports, investors presentation, and more. The annual pay of Financial managers is $131,710.  Sales Manager Sales managers are the foundation of any organization, honing their role of setting sales goals by analyzing data and training candidates to successfully take up the role of convincing sales personnel. One of the most significant skills a sales manager must possess is fluency in communication. Not only does it help curate a convincing sales agenda, but it also helps train fresh sales professionals to learn the art of persuasion. If you’re someone fluent in the art of persuasion and communication, this is the perfect role for you! The annual wage of sales managers is $127,490. The role of a sales manager offers plenty of room to exceed annual pay by surpassing established targets.   Account Manager An account manager is the face of a business that carries out 1-o-1 sessions with the stakeholders, executives, and clients to create valuable relationships with their companies. They oversee all the team endeavors and carefully supervise each member’s task towards maximum efficiency. Account managers can also play a variety of different roles, such as– financial advisor, project manager, technical specialist, sales representative, business development manager, and so on. They must exhibit some common skills, including good verbal and written skills, teamwork, problem-solving, and supervision. The annual package of account managers starts at $65,000.  Project/ Portfolio Manager A project manager is one of the most interesting jobs that come under business management. A project or portfolio manager handles different projects that come under a company. They are responsible for guiding, monitoring, and helping other team members in various projects. Project managers, too, work across different parallels of a company, for instance, connecting team members and higher authorities or stakeholders. To ensure overall growth, a good project manager should understand business, technical skills, finances, and other departments. Moreover, the soft skills required for this role are– brilliant collaboration skills, communications, analytical, knowledge of tools, and many more. The annual salary of project managers starts at $77,199 and goes beyond, based on performance.  Compensation and Benefits Manager The main job of a compensation and benefits manager is to supervise the salaries, retirement plans, insurance, and other benefits present for the company’s employees. They have one of the most diplomatic jobs in a company as they work across spheres that maintain and balance the overall health of employees and the organization. The annual package starts at $127,530. Medical and Health Service Manager A medical or health service manager is one of the most crucial positions in the business. Their imperative contribution behind the scenes of hospitals and clinic centers ensures the effective functioning of any healthcare facility. They supervise all the medical duties undertaken by hospitals, which primarily include training hospital staff, monitoring health care records, scheduling appointments, and communicating with other parallels of the hospital. This profile is perfect for candidates with a medical background who want to pursue a career in management. The median annual wage starts at $104,280.  Public Relations/ Fundraiser Manager A public relations manager takes good care of the company’s reputation by taking charge of a company’s programs and ensuring an upright presence in front of stakeholders and the general public. PRs have a significant role in gathering sponsors and maintaining an image in the media. In order to pursue this role, interested candidates are required to hone many different skills, including top-notch communication, analytical skills, media knowledge, business knowledge, creativity, and many more. Fundraiser managers also work along similar lines. They gather funds for the company uniquely and creatively. They are responsible for planning out the marketing and PR strategies quarterly. The annual salary of PR managers ranges from $119,860.  General and Operations Manager General and operations managers ensure the smooth running of a business by undertaking the activities of almost all the vertices. A role as versatile as an operations manager’s demands a prominent skill set and years of experience. From supervising team members on basic tasks to making sure the deliverables reach clients on time, an operation manager juggles several responsibilities making it one of the most crucial positions in the US. The Bureau of Labor estimates a growth rate of 9.4% for the role of business operations manager in the US, making it a compelling option for many business management graduates! The annual wage of this profile starts at $82,360.  Conclusion Business management’s scope and growth opportunities are evident, not just in the US but across the globe. These exceptional opportunities should be enough to motivate candidates to pursue one of these choices as their career path. However, business management requires a combination of hard and soft skills. An early start is the only way to build skills as well as a significant portfolio with years of experience! A business management course can be the perfect choice to get started on your journey to obtain lucrative business management opportunities. upGrad offers a Doctor of Business Administration program tailored specifically for management and administration departments. If you want to upskill yourself to bag your dream business management role, check out this course on upGrad!
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by upGrad

12 Jan 2023

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