OCCUPATION SNAPSHOT
BUSINESS MANAGEMENT MANAGEMENT - BACK IN BUSINESS In southeast Michigan, employers have strong and growing demand for business managers. Throughout 2017, regional employers posted a total of 11,045 open positions related to business management—more postings than any year before,with especially dramatic growth for General and Operations Managers. Employment in the field is growing at a steady rate and more openings are created every year. About 24% of business managers are at least 55 years old and will likely retire in the next five to ten years. Furthermore, employment, currently at about 48,000 individuals, is expected to climb to nearly 51,000 in 2022. These jobs often require or prefer an individual with a Bachelor’s degree, but many positions are open to those with less than five years of experience. This is an excellent opportunity for students to start their career with a two-year program at a local community college.
SALARY POTENTIAL
Current workers in business management have a starting annual salary of $47,927, near the median family income in the region. With experience, annual earnings can grow to nearly $200,000 per year. The current workforce is also primarily white and male, which means there is a great opportunity to attract women and minorities into the field to grow the workforce.
11,045
65%
JOB POSTINGS
65% of the workers currently in this field are male.
High and growing employer demand for these management positions
BACHELOR'S DEGREE PREFERRED
$47,927
15%
STARTING SALARY
Only 15% of the workers currently in this field are minorities.
For more information on how to start your career in business management visit your local community college.