In some cultures, it is common for the family elders to decide everything for the clan's junior members, from what they'll study at school to the career field they will spend their working lives in.
For some youths, such decision-making customs are welcome. Admittedly, it takes quite a load off not having to figure out your place in the world on your own, especially when you're so young and have little idea of what the world is really like. Or, for that matter, what kind of person you'll be in 20 years.
Other people are quite resentful of being told every step their life will consist of. They would rather risk, possibly fail and learn without any direction, although most would welcome guidance... if only it were guidance being offered!
Your parents or caregivers might have given you guidance or its more forceful cousin, direction, when you chose your GCSE and/or A-Levels subjects. At the time, you may have resented their input, especially if they suggested/recommended/instructed you to sign up for courses you had no interest in.
Was Business Studies one such course?
If so, you will likely end up thanking them for their foresight. Few courses are as relevant to today's commercialised world than that one. Even fewer would open as many career options.
What are those options, exactly? That's what your Superprof presents.
In the Finance Industry
The business and financial worlds are so intertwined that, as you study Business, you will inevitably learn about money. Every aspect of finance, from its unique vocabulary to its many applications is taught in the Business curriculum. Successful completion of this course of study opens virtually every door to the finance industry.
This course's syllabus covers everything from profit and loss to how money influences business activity. However, the part of the programme that will most help you land a job in an accounting firm or a major company's accounting department is business performance from a financial perspective.
To know how well a business is doing, you have to look at the balance sheet. Are there more credits than debits? Is there a significant risk or does this company only ever bet on a sure thing? Those questions could only be answered by someone with knowledge of accounting.
If you never intended to work in a major company, you could take what you learned about finance in Business Studies, do a little bit more learning and become a Certified Public Accountant. Maybe you could even open your own accounting firm!
Whether you want to work in corporate banking or personal banking appeals to you more, you have a good chance of landing such a position with your Business Studies education.
You learned about the different ways to finance a business; you also explored what risk represents from a financial perspective.
Who would you give a loan to? Does that person or business possess the qualities that make him/her/it an acceptable risk? What degree of risk would be acceptable and how it that threshold determined? How do global financial markets influence risk factors where you are?
Admittedly, you would get more traction in the banking industry if you took A-Levels Business Studies...
You might think that a financial auditor is just a glorified accountant but that description would miss the mark. There are similarities in those two fields but auditing has a couple of aspects that make it more interesting.
For one, auditors may work for independent firms that companies hire to go over their books. If you are assigned to audit a company's books, you will work with employees at all levels, not just the CEO and CFO (Chief Financial Officer). You will have to get a feel for how the company operates - everything from how they pay their bills to how they purchase materials.
Your job will essentially consist of looking over the company's accountants' shoulders, going over their work and making sure there is no fraud or waste.
According to the jobs website Jooble, businesses across the UK are urgently looking for financial auditors and there just aren't enough of them to fill all of the slots.
Some people see government work as noble, essential and secure, even if it doesn't pay as much as private-sector jobs do. And, if you thought there were tons of jobs for auditors in that sector, can you imagine the demand for workers with finance knowledge in government?
The National Audit Office is a large and sprawling operation that oversees the accounts of all government offices as well as other public sector bodies. Conversely, the Comptroller and Auditor General is responsible for public accounting and financial reporting. Together, those two offices - one a government entity and the other independent of government, accommodate about 1,000 employees.
Surely there's room for you in there, right?
Also take a peek at what the GCSE Business Studies syllabus covers...
Human Resources Job Possibilities
In your Business Studies courses, you learned all about different job roles and the responsibilities each position has, why companies are structured the way they are, how to hire and keep the most valuable employees and more. Could you put those concepts into practice and make a good living at it? How about in these capacities?
As a hiring manager or even just working in the Human Resources office, you would be responsible for posting job adverts, screening potential job candidates, and scheduling and conducting interviews. It sounds straightforward but it's much more complex an operation than it looks.
For one, you have to have the perfect blend of business savvy and people skills. You will have to intuit, based on just a few short interactions, whether a job candidate will fit well into the company's culture, represent its values and contribute to its continued success and growth.
Diversity training, continuous learning, required safety training, educating staff on new products, procedures and processes: a business's training department is a perpetual hive of activity.
Sometimes, the training is mandated by the government so the training coordinator must ensure that the training fulfils its requirements and that every employee participates. More often, though, companies will retrain their employees before a new product or process is implemented.
Training coordinators often create the needed training materials, plan the scheduled training sessions and facilitate the instruction. They may later work with individual or groups of employees to give them hands-on experience.
In smaller firms the team-builder may be a part of the training department but, increasingly, business leaders are realizing that team-building is a function apart from training.
As you learned (or will learn) in Business Studies, employee retention is a keystone of any successful business. The best way to keep employees motivated and invested in their jobs - thus, more likely to stay on is through team-building. These activities may take place within the firm or off-campus; some companies even plan action-packed retreats for their employees.
As a team-building coordinator, you will have a budget to work with and an outlet for your creativity. You may plan events to raise money for charity or simply contribute to local businesses by planning dinners, workshops or employee funfairs.
Are you wondering where you can find a tutor for Business Studies?
Jobs in Planning and Consulting
Before we sink into this final jobs group, let's talk for a moment about management. Aren't you wondering why management jobs don't feature in this article?
Management jobs are the obvious choice for people who've completed Business Studies. Such jobs include:
- Retail manager
- Logistics manager
- Construction manager
- Sales manager
- Distribution manager
- Business Development manager
Manager positions in subgroups of any of these are also open to you, for instance:
- Section manager
- Shift manager
- Floor manager
- Group manager
- Communications manager/director
- Media manager
The list goes on and on, demonstrating that Business Studies is one of the most versatile learning programmes you could undertake. Now, let's get to our last jobs category: consulting.
If you don't yet have the conviction that the Business Studies curriculum sets you up for a whole host of professions that offer great stability, a tremendous opportunity for advancement and, most importantly, jobs in some of the fastest-growing sectors of the jobs market, perhaps these next jobs will convince you.
As a business consultant, you may be hired for anything from cultivating and promoting a leader's image to advising him/her on what moves to make so that their business thrives.
You will have to know about your clients' competitors, their products and business models and strategies to give them their edge. You will also have to keep atop of local, national and global trends, politics and economy.
Imagine the scramble business consultants face now that Brexit is in effect! Wouldn't you consider such a job high-energy?
Where a consultant advises business leaders, strategists plan the moves and, often, oversee their implementation. Imagine Outlining a strategy only to see it fail because of an unforeseen condition?
The Moderna Pharmaceutical Group likely drew on their business strategists when planning the production and rollout of their coronavirus vaccine.
The other top laboratories also have such strategists hard at work, not just in jockeying for their companies' optimal positioning on the global market but in how they can cut costs and generate maximum revenue.
As a strategist, everything you learned about risk, competition and profit/loss will come into play.
If you'd like to work directly with clients while still helping to shape a dynamic and powerful industry, consider investment consulting.
Your job would entail researching and recommending investment products for your clients. To be successful in this position, you have to gain the trust and understanding of every client, be aware of how much risk they can afford to take and recommend investments that, ideally, would yield the greatest return.
This job is not for the fainthearted. Markets are unpredictable, meaning that a seemingly unconnected event happening in another country could negatively impact your clients' portfolios. We've seen plenty of such fallout in the recent past: citizens losing their retirement nest egg through no fault of their own.
If you are risk-cautious and have strong analytical skills, can think critically and communicate effectively, there's no reason any of the jobs listed in this article wouldn't be open to you with a good result in your Business Studies courses. Or, for that matter, any other job you may have set your sights on.
Now check out our complete guide to Business Studies.
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