Careers in Strategy & Business Development

Jan 17, 2020

Do you have a good business sense, and are interested in using strategy techniques to see an organization or business grow? Several different career paths await you, and you might find yourself turning a company around!

Career Options for Jobs Involving Strategy & Business Development

A number of different careers involve the developing of business and strategy at the same time. Working with other departments in a company and coordinating with individual staff members, you can have the opportunity to make decisions that directly impact the growth of your company. Check out this list to see if any of these jobs sound like the right fit for you!

Job Title Median Salary (2018)* Job Growth (2018-2028)*
Management Analyst $83,610 14%
Market Research Analyst $63,120 20%
Operations Research Analyst $83,390 26%
Training and Development Manager $111,340 8%
Top Executive $104,980 6%
Sales Manager $124,220 5%

*Source: U.S. Bureau of Labor Statistics

Career Information for Jobs Involving Strategy & Business Development

Management Analyst

Management analysts may be self-employed or directly hired by a larger company to find ways to improve the overall functionality of an organization. The focus of this work is using strategies to create solutions and alternate approaches at different levels, and this might include putting new systems into place, or amending existing policies and procedures. Management analysts, sometimes known as management consultants, should have a minimum of a bachelor's degree, and earning the title of Certified Management Consultant can also help in job searches.

Market Research Analyst

The goal of any market research analyst is to find out what potential customers want, and how much they are willing to pay for a product or service. Analysts will use data to create charts and readouts for clients and management to use for future strategy in marketing. These visual aids and information are then used to develop a marketing strategy to maximize the profits gained from the products or services offered by the company. Future trends can also be predicted by market research analysts, who need at least a bachelor's degree to begin their career. Positions involving research may call for a master's.

Operations Research Analyst

Research analysts in operations can find problems in the real world as they relate to business. They might improve production schedules and solve problems involving distribution. Operations research analysts need critical thinking skills to make strategic decisions based on their findings and provide recommendations to management. Typically, a master's degree is recommended for a job as an operations research analyst, but a bachelor's might be sufficient for positions at the entry level.

Training and Development Manager

Training and development managers come up with new methods of training that are designed to improve the performance of a company's staff. After learning about the company's culture and goals, these professionals develop a curriculum that will enhance personnel potential, which requires strategic thought. From there they use classrooms to teach new methods of training to others in the department, along with the rest of a company. By creating a workforce that is in touch with the goals of a company, managers in training and development are an important aspect of pushing a company forward. Some positions might ask for a master's degree, but a bachelor's is definitely required for this job.

Top Executive

The peak of management in a company, a top executive will make decisions that directly affect the future of a company's strategies. They can also choose who runs other departments, further influencing the goals of a business. In the private sector, top executives can go by the titles of chief executive officer, chief operating officer, and general manager. Top executives have a minimum of a bachelor's degree, and a substantial amount of work experience before they reach the top level.

Sales Manager

Sales managers use different techniques in their department to bring in new customers, and they also put together training programs for salespeople underneath them. They must work closely with other departments to determine customer needs, inventory issues, and staffing requirements. Figuring out the best solution to integrate all the needs of each department demands strategy skills to maximize efficiency. Sales managers can work in business to business sales as well as business to consumer sales. A bachelor's degree and significant work experience are prerequisites to a career in sales management.

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