Are you thinking about getting a business degree but aren’t sure which career route is right for you? Here’s a list of the top 6 career paths for business graduates, together with their typical wages in the UAE*, to help you make an informed decision!
1. Actuary
An actuary is a business specialist who studies the financial implications of risk and uncertainty. An actuary combines mathematics, statistics, and financial theory to analyze and estimate the risk of prospective events, and assists firms and clients in developing the required policies to reduce the cost of that risk.
Actuaries work for a variety of institutions, including insurance companies, investment firms, consulting firms, banks, and government agencies. If you’re thinking about a career in actuarial studies, your N&N Education adviser can help you identify the finest universities in Australia, the UK, United States, Canada.
Average Actuary Salary/ Year: AED 307,226
Most Popular Career Paths for Actuary: Actuarial Assistant, Actuarial Analyst, Senior Actuarial Analyst, Actuarial Manager
2. Financial Analyst
Financial analysts advise organizations and individuals on making the best financial decisions. They are the money geniuses; they examine information from stock markets and investment portfolios, review financial statements, and devise the finest investment strategies. Financial analysts work for banks, brokerage firms, funds, insurance companies, and a variety of other industries.
To become a financial analyst, you must have a bachelor’s degree in accounting, economics, finance, statistics, or math. Check with your IDP Education Counsellor about how to apply for these fields.
Average Financial Analyst Salary/Year:
- Entry- level Financial Analyst: AED 135,304
- Experienced Financial Analyst: AED 223,054
Most Popular Career Paths for Financial Analyst: Financial Analyst, Financial Controller, Finance Manager, Finance Director, Chief Financial Officer (CFO)
3. Management consultant
If you have great problem-solving abilities and a desire to help businesses perform better, you could seek a management consultant position. Management consultants work for consulting organizations, which provide services in various areas of business.
As a management consultant, you must have a strong understanding of business, thus a business degree will be extremely beneficial. Many management consultants pursue a postgraduate degree in business, such as an MBA. Discuss the finest MBA degree alternatives with your N&N counsellor.
Average Management Consultant Salary/Year: AED 242,409
Most Popular Career Paths for Management Consultant: Business Analyst, Associate Business Consultant, Engagement Manager, Partner or Director
4. Accountant
Accountants play an important role in any firm, whether it is a large global corporation, a government entity, or a small independent business. Accountants evaluate financial records, compile financial reports, and present financial information to management so that they can make informed decisions. They also ensure that taxes are paid accurately and on schedule.
To work as an accountant, you must have a bachelor’s degree in business with an Accounting major from a university or institution. Following that, you can pursue certification as an accountant to gain a competitive advantage in the industry. Your N&N consultant can advise you on the best colleges to pursue your Accounting Bachelor’s degree and the best job options for you.
Average Accountant Salary/ Year:
- Entry-level Accountant: AED 55,692
- Experienced Accountant: AED 125,000
Most Popular Career Paths for Accountant: General Accountant, Senior Accountant, Financial Controller, Finance Manager, Accounting Manager, Chief Financial Officer (CFO)
5. Marketing Specialist/ Market Research Analyst
A marketing specialist, also known as a market research analyst, is a business professional who researches market circumstances to help businesses determine what sells. They help companies understand what items customers desire, market gaps, who buys what things, and at what price.
A marketing specialist should be good in arithmetic and analysis, as well as critical thinking and paying attention to detail. These are the primary talents you are likely to acquire while pursuing your business degree. Consult your N&N Education adviser about the finest business courses for marketing expert careers.
Average Marketing Specialist Salary/ Year: AED 125,813
Most Popular Career Paths for Marketing Specialist: Market Analyst, Marketing Team Leader, Marketing Manager
6. Human Resources Specialist
HR specialists seek, assess, interview, and position employees. According to the BLS, human resources experts frequently undertake additional human resources tasks, such as employee relations, compensation and benefits, and training.
If you want to work as an HR specialist, you must have a bachelor’s degree in business and a minor in human resources. A postgraduate degree may also be required, depending on the HR job you’re seeking. Discuss with your N&N Education counsellor the best study alternatives for HR positions.
Average Human Resources Specialist Salary/ Year:
- Entry-level HR Specialist: AED 157,856
- Experienced HR Specialist: AED 229,263
Most Popular Career Paths for HR Specialist: HR Generalist, HR Assistant, Recruiter, HR Manager, Training and Development Manager, Director of Human Resources
