What Are the Requirements for a Career in Business & Management?

In Business and Management, there are limitless paths to a successful career. For example, you could get a bachelor’s degree in a field like economics, go on to get your MBA at a top school, and then accept your dream job – and dream salary – right after graduation.

But plenty of famous businesspeople took less conventional routes to success. Bill Gates famously dropped out of college to start Microsoft, and Tumblr founder David Karp became a multi-millionaire without even finishing high school. These exceptions just illustrate the importance of personal characteristics like grit, motivation and creativity in building a successful business career.

And the good news is that you can develop these personal characteristics while you build your skills and knowledge in a Business and Management degree program. Read on to learn how to prepare for each step of your educational journey – or check out the College Choice homepage for Business & Management!

What to Study in High School

For a successful application to a top Business and Management degree program, you’ll need to develop a wide range of skills.

To prepare for the financial part of your education, you should try to take the most advanced math classes available. Courses in computer science and applications will also be helpful. And don’t forget the “soft skills” of communications, media and art. All of these skills could be useful in your future – especially if you plan to work in marketing or sales.

Higher Education

While not every job in Business and Management will require a degree, college is still your best bet if you want to earn a great salary in Business and Management.

You could enter the workforce in two years or less with an associate degree in Business and Management. You’ll find these degree programs at community colleges or technical schools, and they will train you in the foundations of business to prepare you for an entry-level job.

With a bachelor’s degree program, you will get an in-depth education in Business and Management theory and practice. These degrees will prepare you for a wide variety of entry-level or mid-level jobs. In general, you’ll be able to command higher salaries and have more opportunities for advancement than you would with an associate degree.

After you complete your bachelor’s degree, you may still want to continue your education. Master’s degree programs in Business and Management include the master’s degree in business administration, or MBA. This is such a popular graduate degree that we’ve created a separate hub for information about MBA programs.

Other popular Business and Management master’s degree options include specializations like public administration or international business.

There are also two kinds of doctoral programs in available in Business and Management. You could enroll in a PhD program, or get a doctor of business administration (DBA).

Standardized Tests

If you decide to apply for a graduate program in Business and Management, you will probably need to take at least one of the standardized admission tests for graduate programs. The most popular graduate admissions exams are the Graduate Management Admission Test (GMAT) and the Graduate Record Examination (GRE).

Both exams test both quantitative (math) and qualitative (writing and language) skills and reasoning. For business programs, though, the GMAT is more frequently required compared to the GRE. If you are thinking of applying to get a graduate degree, be sure to review the program’s admissions requirements to find out which standardized tests you need to take.

Professional Certifications

In the competitive world of Business and Management, it’s important to stand out from the competition. Professional credentials can be a way of demonstrating your expertise, and may help you to land a better job or higher salary.

A few common professional certifications in Business and Management include Certified Business Manager (CBM) or Project Management Professional (PMP). To obtain these certifications, you’ll be required to pass an exam and meet minimum education requirements. And after you get certified, you’ll need to complete a certain amount of continuing education or professional development hours every year in order to keep your credentials current.