A lot of people think that business services aren’t a good career path to follow, but in reality, it’s one of the best. There are plenty of different reasons why this is the case, and you should read on to find out more about them. By the end of this article, you’ll know all about how business services works as well as why it’s one of the best career paths to follow in today’s economy. Here are ten reasons why it’s such a good career path. Let us know by leaving your thoughts in the comments section below!
According to data from Job Outlook, management consultants and specialists will see a growth of 7 percent by 2024. This is faster than average job growth in America. Faster job growth means more opportunities for young people entering or in college. Especially if you’re pursuing a bachelor’s degree at a school with an MBA program or similar, management consulting can be a great path for you!
Plus, even if business services isn’t your thing, there are other good career paths in business that you may want to consider! If it’s entrepreneurship and small businesses that interest you instead, click here to read about why entrepreneurship might be a better path for you.
Business services is a broad category, covering everything from accounting and legal services to public relations to human resources. The Bureau of Labor Statistics projects that employment in business services will grow 11 percent by 2020. Management, legal and other related business services are expected to expand at an even greater rate. With some education, training and work experience in your field of choice, you can expect to earn between $45,000-$75,000 annually.
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Shift in Demographics
The first reason why business services is a good career path is because of the shift in demographics. As baby boomers retire and more millennials enter the job market, business consulting companies need to work on talent acquisition. These two groups are very different from each other which means businesses will be looking for people that understand their new demographic, as well as how to retain and inspire them.
This means a future in business services can be extremely lucrative. So if you’re considering your career options now or in years to come, look into business services firms so you can take advantage of these changes.
Demand for Skilled Workers
Recent data from Skills Gap suggests that there is demand for skilled workers in business services and as a result it can be a good career path to enter. By 2017, employers are expected to need 8.9 million managers, which represents an 18% increase over 2012.
This means there will be plenty of jobs available for those looking to enter a business services field. Skilled workers are necessary in nearly every sector of business and those with specialized knowledge in a specific area often get promoted quickly. In addition, with companies looking for help implementing technological advancements into their business, skilled technicians will be needed more than ever before.
Many people assume that engineering and technology is a good career path, but there are plenty of other possibilities for employment. For example, business services (i.e. management consulting, legal work, information technology) offer many opportunities for growth across various industries and countries around the world (for example India).
The future may be difficult to predict, but we can be assured that human beings will always need to communicate with each other; thus requiring an increased demand for linguists who are capable of translating language. And if you’re looking to become fluent in multiple languages, it might be worth paying attention to what you study in school while you still have access to student rates on learning software and all those expensive textbooks!
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Flexibility with Working Hours
If you don’t want to be on-site all day, it’s possible that business services is a good career path. Work from home options are usually available so it may not matter if you are in an office or working remotely. This can make your work schedule more flexible, allowing for more family time or for an additional source of income.
However, if you have to do on-site work and travel, some opportunities may still be available. With your potential salary, extra time outside of work is possible; with options like Uber and Lyft , driving yourself to meetings instead of taking taxis can save hundreds each month and provides another way to earn money while spending your free time doing something else besides being in traffic jams.
Career and Financial Security
You can earn a solid living in business services. The Bureau of Labor Statistics projects employment growth for most business-service positions to be at least 11% from 2012 to 2022, which is much faster than average.
Business-service workers with technical certifications and training can also earn good money, particularly those who work for large companies. For example, computer support specialists with Microsoft certifications often make more than $100 an hour. Overall, financial security should not be a worry if you pursue a career in business services.
With business services, you can specialize in different areas of management. You can rise through the ranks as a manager or seek out smaller organizations that are looking to hire talented managers.
Even if you’re not interested in being a manager, working for an organization that relies heavily on management services gives you more job security than working in areas like IT where jobs are more plentiful but temporary. Working with management makes your knowledge and expertise extremely valuable and helps ensure long-term growth in your career path.
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Benefits Beyond Compensation
The most obvious reason why business services is a good career path is its potential for high earnings and upward mobility. Many business-services professionals are paid handsomely for their work, but other perks and benefits matter just as much. For example, employees of a major accounting firm will have access to employee-discounted stocks, a robust 401k plan, physical office space with free coffee—and that’s just a small sampling of what you can expect at some of these companies.
Whether it’s a luxury watch or an extra week off each year, consider how each benefit could affect your happiness (and bank account). If there are more pros than cons on your list, it might be time to reconsider your career goals.
Learning Curve is Short
If you decide to get into business services as a career, be prepared to learn on your feet and try a variety of positions. As one entrepreneur puts it, As I’ve been promoted up in my company, I’ve taken on new responsibilities and assumed many hats but not necessarily additional training – so I have learned many things from trial and error. If you are willing to take on new responsibilities without much formal training, business services is a good career path for you. Because there is always room for advancement in any business service position, working hard can bring about better opportunities for yourself.
Let’s face it—business services are not always at top of mind when you’re thinking about a career path. But, in fact, business services are a good career path for many reasons—some obvious and some more subtle. If your heart is set on business services and you think it might be a good career path for you, now is an especially great time to join.
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