Management analysts conduct in-depth studies on business operations to develop solutions that boost revenue and lower expenditures. International business majors are qualified to consult with global enterprises as management analysts and suggest strategies for improved efficiency. Logistics managers currently report a median yearly salary of $104,827, or $2,016 per week. Having a bachelor’s degree and APICS certifications is suggested for the best job outlook. Their international business knowledge comes in handy for identifying logistical operations that could be improved for faster delivery and better profit. Logistics managers ensure the allocation of materials is suitable for keeping the company’s inventory stocked with product. Logistics ManagerĬorporations that stretch beyond borders need to hire skilled logistics managers to coordinate their supply chain from vendors or suppliers to customers. After graduation, the following are six gratifying, profitable careers available with your international business major.
Entry-level jobs like purchasing agent, actuarial assistant, and sales representative could be ideal for building your resume during school. The Bureau of Labor Statistics projects that there will be 8 percent growth through 2024 for around 632,400 new domestic jobs in business. The good news is an international business background will reward you with wide-ranging job choices from finance to public relations and manufacturing. Across the globe, accredited B-schools are competitively admitting young hopefuls who are shooting for the stars in today’s multinational market. However, Insider also previously looked into BLS alternate projections for 2019-2029 that took into account the pandemic's impact on occupations and industries to see how job growth may be affected.Harvesting bountiful career opportunities worldwide is the biggest motivation for students to select international business majors. That projection didn't take into account the pandemic's impact on employment since the data used was from before the pandemic. Our previous ranking using the geometric mean of median annual wages in 20-2029 projections can be found here. "Employment in the leisure and hospitality sector is projected to increase the fastest, largely driven by recovery growth, while the healthcare and social assistance sector is projected to add the most new jobs," BLS wrote in a news release. One of the tables consider all jobs and the other one BLS notes excludes "occupations with above average cyclical recovery," such as motion picture projectionists and restaurant cooks, both in industries that have been largely affected by the pandemic. In fact, BLS published two separate tables of the projected fastest-growing jobs.
"Because 2020 serves as the base year for the 2020–30 projections, these recession impacts translate to lower base-year values than seen in recent projections and, therefore, higher projected employment growth." Recession from February to April 2020, which led to substantial and immediate declines in output and employment," BLS wrote in a news release for the employment projections. "The COVID-19 pandemic triggered an economic It's important to note that some jobs in BLS' projections are are expected to grow a lot over the decade, even faster than the 7.7% increase for all occupations, but mainly due to recovery from jobs lost seen during the pandemic. Based on this, several of the top jobs are medical, tech, or manager positions. We only included jobs that pay at least $41,950, the median wage for all occupations, because we were interested in jobs that are both expected to grow and pay well. Wage data is for May 2020 from the Bureau's Occupational Employment and Wage Statistics program that was released earlier this year. A higher geometric mean would mean a higher rank. We then ranked occupations based on their geometric mean. To come up with our set of jobs that are expected to have bright futures ahead of them, we took the geometric mean of median annual wages and projected employment growth from 2020 to 2030 for each occupation. Insider was interested in looking at jobs that pay well and that also may see more jobs added over the decade. Overall, BLS forecasts that employment will grow by 11.9 million, from 153.5 million in 2020 to 165.4 million in 2030. The latest release shows how occupations could change from 2020 to 2030. The Bureau of Labor Statistics releases annual employment projections of how various jobs will grow or decline over the next decade. The above list of jobs both pay above the median wage and are poised to grow over the next decade. How we came up with our list of the best jobs of the future
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