One of the most popular college majors is business. But “business” is really a broad term. After all, most professional occupations involve business somehow. That’s why most business students study a concentration within the business major — something business-related, but more narrow in scope.
Browse these business concentrations your student might want to consider pursuing and the career fields associated with them.
As an accountant, your student would examine and maintain financial records for organizations or individuals. Some responsibilities include analyzing financial data, finance reports, budgets, tax returns and accounting records.
Becoming a certified public accountant is not a requirement to become an accountant, so not all accountants are licensed. Some accountants choose to work toward certification as a certified public accountant by taking and passing the CPA exam.
Concentrations to consider: accountancy, corporate accounting
Supply chain management
Supply chain managers are responsible for overseeing a company's supply chain, logistics strategy and operations in order to maximize productivity and process efficiency. They are tasked with maintaining positive relationships with external partners such as vendors, suppliers and distributors.
Concentrations to consider: supply chain management, business administration, global logistics management
If your student enjoys keeping an eye on the financial markets or likes evaluating data and risk, this might be the field for them. A financial analyst helps people and organizations make investment decisions by assessing the performance of large portfolios. They also develop investment strategies, but do not make trades.
Concentrations to consider: finance, accounting, economics, business administration
Does your student have a passion for both education and business? Then becoming a business teacher might be perfect for them. In this role, they’ll teach students about various aspects of the business world.
Concentrations to consider: business, business education
Actuaries use a lot of math (specifically probability and statistics), and spend a lot of time with numbers to analyze financial risk, usually within an area of expertise. They are tasked with evaluating the likelihood of future events, particularly for insurance and pension companies. In addition to an undergraduate degree, students must take and pass a series of actuarial exams to become a credentialed actuary in the U.S.
Concentrations to consider: actuarial science, mathematics, statistics, finance
As part of a legal team, corporate lawyers are experts in commercial law. If your student is interested in becoming a corporate attorney, they can expect to handle all corporate legal processes like lawsuits, negotiating and drafting business contracts, and helping to guide a business through mergers and acquisitions. Corporate law also involves making sure a company’s transactions comply with state laws and regulations, while helping them avoid possible legal risks and violations.
Concentrations to consider: business, business law, economics, finance
Health care administration
As a health care administrator, your student would oversee the staffing, budgeting and health records of a health care facility such as a hospital. Health care administrators manage both administrative and clinical procedures, and should be familiar with medical terminology and health care regulations.
Concentrations to consider: public health, health care administration, business administration
Computer systems analysis
As a computer systems analyst, your student would help organizations understand the needs and limitations of business and information technology to design better systems, and operate more efficient, effective computer systems and networks.
Concentrations to consider: computer information systems, compuster science, business intelligence, information security, computer systems analysis, management information systems
Business is a multidimensional field. Depending on what business concentration your student chooses and what line of work they want to get into, they might consider adding a graduate degree. This can be in a different field, too, such as law or health, because almost every occupational field involves business, so joining the two can only expand your student’s career possibilities.