Is business services a good career path? That depends on your interest in business and your goals for the future.
There are many different types of business services careers. So the answer to this question depends on what you’re looking for in a job.
Is Business Services A Good Career Path – Job Outlook
If you want to be an entrepreneur, then a career in business services may be a good fit for you.
Business is constantly changing, and those who can change with it will find success.
Job prospects in business services vary depending on the economy. In a good economy, there are plenty of opportunities for those interested in business services.
In a lousy economy, jobs may be scarce. But, overall, the outlook for business services is good.
There are many different types of business services jobs; here are some main ones:
Who is a consultant? How are they different from business services professionals? Businesses usually hire consultants to provide expert advice on a particular issue.
For example, a business hires a marketing consultant to help them with their marketing strategies.
Many companies such as banks and accounting firms have in-house consultants.
But, many independent consultants work for themselves.
Consultancy is a great career choice for those who are good at problem-solving. They need to have a lot of experience in the business world.
Usually, they get paid between $66,000 – $143,000 yearly, according to Payscale.
Consultants’ roles also include:
– Advising clients on business decisions
– Helping businesses solve problems
– Conducting research
– Writing reports
2. Business Analyst:
A business analyst is someone who helps businesses improve their operations. They do this by analyzing data and making recommendations.
Business analysts usually have a bachelor’s degree in business or a related field.
However, many companies will hire candidates with other degrees if they have the right skills.
Salaries can range from $49,000 – $85,000 per year, as per Payscale.
But how exactly does a business analyst operate? First, they gather data from various sources.
This data can come from financial reports, customer surveys, or social media.
Then, they analyze this data to identify trends and make recommendations.
Their recommendations can be anything. They may be improving customer service or changing how a product is made.
3. Business Development Manager:
The development manager is in charge of creating and executing strategies.
This role is essential because it helps businesses grow. The business development manager is responsible for:
– Identifying new business opportunities
– Negotiating deals
– Managing relationships with clients and partners
– Creating marketing plans
– Developing sales strategies
The role of a BDM is different from that of a Sales Manager. They are responsible for the growth of the company.
BDMs are more focused on long-term planning. Sales Managers are more concerned with meeting short-term targets.
The average salary for a business development manager is $76,154 per year. (Payscale)
They also usually get a commission for every deal they make.
4. Business Writer:
A business writer is someone who writes about business-related topics. They may write for magazines, newspapers, or websites.
Some business writers also write books. Many business writers are self-employed and work from home.
However, some work for companies as in-house writers. Business writers usually have a degree in journalism, English, or business.
However, you don’t need a specific degree to be a business writer.
You can be a business writer if you have good writing skills and know a lot about business.
This service is such a critical part of businesses. The average salary for a business writer is $56,039 per year. (Payscale)
5. Social Media Manager:
The social media manager handles a company’s social media presence among business services.
They create and post content, run ads, and engage with followers. Social media managers usually have a degree in marketing or a related field.
Social media is a rising platform, and businesses must have a presence.
That’s where social media managers come in. They help businesses grow their social media following and create a positive image.
The average salary for a social media manager is $53,061 per year. (Payscale)
SMMs use many tactics to grow a company’s social media presence. They use concepts of SEO, content marketing, and paid advertising.
All these services are essential for businesses. They help companies grow and reach new audiences.
6. Event Planner:
An event planner helps businesses plan and host events. This can be anything from a conference to a product launch.
Event planners are responsible for:
– Finding venues
– Booking speakers
– Arranging catering
– Managing budgets
– Promoting the event
Event planners usually have a degree in hospitality or business. However, many event planners are self-taught.
This service is growing in demand because more businesses are hosting events.
The average salary for an event planner is $51,335 per year. (Payscale)
A recruiter helps businesses find and hire employees. This service is essential because it allows companies to find the best talent.
Recruiters are responsible for:
– Writing job descriptions
– Posting jobs
– Screening resumes
– Negotiating salaries
Recruiters usually have a degree in human resources or a related field. Today, technical skills are also necessary for recruiters.
This is because many job boards and applicant tracking systems are online.
Technical recruiters are in high demand because they can find the best talent. The average salary for a recruiter is $76,112 per year. (Payscale)
8. Human Resources Specialist (Operations):
Operations in human resources is a broad term. It covers many different services that businesses need.
Human resources specialists handle:
– Employee benefits
– Policy implementation
Operations in human resources are a critical part of any business. This is because it helps companies run smoothly.
The average salary for a human resources specialist is $53,125 per year. (Payscale)
HR specialists are in high demand. They help businesses with many different services. This is a career that is growing in popularity.
9. Customer Experience:
Customer experience is a term that covers many different services. It is the process of creating a positive experience for customers.
This can be anything from customer service to product design. Customer experience is essential because it helps businesses keep customers happy.
The average salary for a customer experience specialist is $43,168 per year. (Payscale)
Customer experience and support are a critical part of any business. The roles include:
– Customer Service
– Technical Support
– Product Design
– Quality Assurance
All these are important for businesses. They help create a positive customer experience.
10. Accounts Officers:
An accounts officer helps businesses with their finances. This can be anything from invoicing to bookkeeping.
Accounts officers are responsible for:
– Issuing invoices
– Keeping financial records
– Preparing reports
– Reconciling accounts
– Maintaining petty cash
Accounts ]officers usually have a degree in accounting or finance. They may also be certified public accountants.
This service is growing in demand because more businesses need financial help.
The average salary for an accounts officer is $58,242 per year. (Payscale)
11. Legal Services Specialists:
Legal services are the process of providing legal assistance to businesses. Every business needs a lawyer to protect its interests.
Lawyers help businesses with:
– Intellectual property
– Regulatory compliance
Lawyers usually have a law degree. They may also be certified by the state bar.
This service is growing in demand because businesses need more legal assistance.
The average salary for a lawyer is $88,130 per year. (Payscale)
12. Logistics Officers:
Logistics officers help businesses with the transportation of goods. This can be anything from shipping to warehousing.
They are responsible for:
– Planning routes
– Scheduling deliveries
– Coordinating with suppliers
– Managing inventory
They usually have a degree in business or a related field. Today, technical skills are also crucial for logistics officers.
This is because many logistics systems are online. The average salary for a logistics officer is $69,065 per year. (Payscale)
So is business services a good career path? The answer is yes.
Businesses need to invest in these services to be successful. The most important thing is to find exemplary service for your business.
Don’t be afraid to experiment and try new things. The only way to find what works is to try it out.
What Are The Benefits Of A Business Services Career?
There are many benefits to a business services career. The most important use is that it helps businesses be successful.
But other benefits include:
1. Good Pay:
As you observed above, business services professionals earn a good salary. This is because businesses are willing to pay for quality services.
You just need to have the right skills and experience. Many companies are willing to pay top dollar for the best services.
2. Opportunity For Advancement:
There are many opportunities for advancement in business services. This is because businesses are always looking for ways to improve.
You will be in high demand if you can offer new and innovative services. You can also advance by taking on more responsibility.
3. Helping Others:
Many people choose business services because they want to help others. This is a noble career choice.
You can make a difference in the lives of others by helping businesses be successful. This is a gratifying feeling.
4. Every Successful Business Needs You:
Every successful business needs quality business services. This is because companies need to focus on their core competencies.
They need to outsource the non-essential functions to professionals. This is where you come in. You can help businesses save time and money.
5. It’s A Growing Field:
The business services industry is growing. This is because businesses are always looking for ways to improve.
And as the world becomes more complex, businesses will need more help. This is good news for business services professionals.
What Are The Disadvantages Of A Business Services Career?
There are a few disadvantages to a business services career. Just like all careers, it has its downsides.
1. Lay Offs:
One of main disadvantages is that businesses can lay off business services professionals.
Companies that are struggling often make cuts in this area. So you need to be ready for the possibility of layoffs.
Especially after Covid-19 and the recession, many businesses had to shut down. It caused many people in business services to lose their jobs.
The job outlook is not much secure in business services.
2. You May Not Be The Decision Maker:
Another disadvantage is that you may not be the decision maker. This is because businesses make the decisions.
You need to be able to work with others and follow directions. This can be frustrating for some people.
Those used to make decisions may not like this aspect of the job.
3. Businesses Come And Go:
Another disadvantage is that businesses come and go. This means that your job is not secure.
You need to be ready for the possibility that your company may go out of business.
This is one of the most significant risks of working in business services.
You need to be ready for the possibility that your company may not be around tomorrow.
That sudden change can be tough to deal with. Apart from these disadvantages, business services is a great career choice. It has many benefits and can be very rewarding.
Perks & Benefits In Business Services Career
Business services professionals enjoy several perks and benefits. These include:
1. Health Insurance:
One of the essential benefits is health insurance. Businesses need to provide health insurance to their employees.
This is a great benefit. Usually, for a family, health insurance can be costly. So this is a great perk.
Business professionals get up to 80% of their health insurance paid by the company.
2. Paid Time Off:
Another great benefit is some paid time off. Businesses require their employees to take vacation days.
This is an excellent benefit because it allows you to take time off when needed. You can use this time to relax or spend time with family and friends.
3. 401k Plans:
Another benefit that business services professionals enjoy is a 401k plan. This is a retirement savings plan.
Businesses will match a certain percentage of what you contribute. This is a great way to save for retirement.
Many businesses also offer other retirement benefits.
4. Stock Options:
Some companies offer stock options to their employees. This is an excellent benefit because it allows you to buy stock in the company.
You can make a lot of money if the company does well. Stocks are a great way to invest in a company.
Stock investment has a lot of potentials.
5. Yearly︎ Bonuses:
Another great benefit of working in business services is that you may be eligible for a yearly bonus.
This is a great way to make extra money. Bonuses are often based on how well the company does.
So if the company does well, you will likely get a bonus.
Future Prospects Of A Business Services Career
The prospects of a business services career are good. The demand for business services professionals will grow.
However, in the future these fields will be in demand:
1. Artificial Intelligence:
Artificial intelligence is a growing field. Businesses are using artificial intelligence to automate tasks.
AI has changed the business landscape. So those with experience in AI will be in high demand.
Jobs in AI will be high paying. So it is an excellent field to get into.
Cybersecurity includes protecting computer networks from attacks. With the increasing use of computers, there is a need for cybersecurity experts.
The main responsibility of a cybersecurity expert is to identify vulnerabilities. And then they patch them.
Your job will be to protect businesses from cyber-attacks.
3. Big Data:
Big data is a field that deals with large amounts of data. Businesses use big data to make decisions.
Today, data is being collected at a rapid pace. So those with experience in big data will be in high demand.
Bid data improves business efficiency. Your job will be to help businesses make sense of all the data.
4. Cloud Computing:
Cloud computing is also a growing field. It involves storing and accessing data over the internet.
Businesses use cloud computing to store data and applications.
Your job will be to help businesses migrate to the cloud. You will also help enterprises to use cloud services.
Robots are being used more and more in businesses. They automate tasks.
Robotics jobs include programming robots and maintaining them. Your job will be to help businesses use robots to automate tasks.
Thus, is business services a good career path for you?
The answer is definitely yes. With the latest technologies, business services professionals have a lot of scopes.
I hope this article helped me understand the concept of business services. Business services is a great career path with a lot of potentials.
So if you are considering a career in business services, go for it. You will not get disappointed.
Best of luck!
Last Updated on 2 years by Shahzaib Arshad