Future Career Outlook

Employment Outlook for Business Graduates

The business world is constantly expanding, and fortunately business degree holders are some of the most well-prepared to succeed in it. The US Labor Bureau predicts business employment to increase 12-17% in the next decade, with growth rates varying by industry and region.

Here are the national employment figures for common job titles employed by most firms and companies, as of May 2008:

Growth Factors

Since business is such a broad field, its growth is influenced by a wide variety of factors, including the economy, technology and the growth of other industries. Because of this, its growth is relatively stable in comparison to other career markets.

One facet unique to the business market is the low turnover rate for high-power positions such as CEOs, CFOs and high-end executives. These positions tend to open up only when other personnel move up or retire, making the job market for those positions extremely competitive, however well worth the competition. Middle-management and entry-level positions typically experience more growth, so employment is typically much easier to find in those positions. From there, an experienced business degree holder is well suited to move up to higher-level positions.