The 10 Highest-Paying Finance Jobs

If you find yourself interested in the machinations of money, there’s no career closer to the pulse than finance. Finance is literally the study of large amounts of money. Whether this has to do with the formation of a company, restructuring, navigating tax burdens and regulatory concerns, analyzing commodity prices, or insurance. 

Another perk of finance jobs is there’s not a particularly high barrier to entry. A bachelor’s degree in finance, accounting, or business can get you in the door. Though individuals often specialize over time with advanced degrees in accounting, data science, finance, or MBAs. 

If you’re interested in the most lucrative positions that you can obtain within the field of finance, check out the top 10 below!

Hedge Fund Manager

Hedge funds are the amalgamation of many individuals’ money used for the purpose of investing. You can think of the largest hedge funds as collections of IRAs, 401(k)’s and other retirement investments for thousands of firms or individuals. The pooling of this much wealth for investment purposes allows for a much more sophisticated range of trading techniques than a traditional investor. This amount of capital also opens up opportunities like the large scale investment in infrastructure, real estate, and fine art. 

As one may expect, hedge fund managers are very well compensated for their important position. Though salaries vary, they can be upwards of $2,400,000. 

Chief Executive Officer

Chief executive officers (CEOs) are mentioned on this list because there are few business-centered skill sets more translatable to looking at high level strategy within a corporate setting than finance. This is why in large corporations the chief financial officer is often second in command or “next in line” for consideration for a CEO position if the current CEO steps down or is replaced. 

Chief executive officers have a wide range of salaries, from roughly $0 (with aggressive equity deals) through hundreds of millions of dollars. The average across businesses of all sizes is presently $766,000. Though many small or upstart businesses will begin with salaries much lower for CEOs. 

Chief Financial Officer

Chief financial officers are tasked with perhaps the most crucial task for a company’s bottom line: ensuring pricing is proper, expenses are in check, and providing overall guidance through the lens of financial metrics. CFOs are particularly needed in the event a company goes public, or is having a range of fundraising rounds. Additionally, companies that work in a capital intensive industry benefit from chief financial officers for the proper structuring of large real estate and equipment deals. 

While CFOs at the largest firms in America make millions or tens of millions of dollars a year, the average across all companies is presently $393,000. 

Futures Trader

Futures traders work in commodities markets buying and selling futures. Futures are financial instruments that provide a deal that a certain amount of a commodity can be bought or sold for a certain price at a given time. Essentially futures markets are smart betting on whether commodities like corn, rice, oil, and others will be more or less in demand and available at given points in the future. 

Futures trading can take many forms. But individuals wishing to buy a seat at the commodities exchange in Chicago (potentially the largest in the world) must purchase a seat for around $300,000. This gives you a glimpse at how much money may be changing hands. While the average futures trader may only make a little more than $100,000 a year, some select futures traders make hundreds of millions or billions of dollars in this work. 

Stock Analyst

Stock analysts (also known as equity analysts) typically work for firms that keep tabs on specific industries on the buying or selling side of stocks. These individuals may use advanced analytics, statistics, and data science to mine into stock equaluations and provide reports. These individuals may be commissioned by firms to look into their own pricing, or they may perform this analysis on behalf of a large bank or the public. 

Stock analysts earn an average of $70,000, with more senior individuals making well over $100,000 a year. 

Finance Manager

Finance managers typically work in firms large enough to have an entire organizational branch under a chief financial officer. Alternatively, these individuals may work in a investment banking setting or in conjunction with law firms if they are in the business of helping external entities with finance. These individuals typically manage an interdisciplinary team of analysts, legal individuals, accounting and more to support finance objectives within their organization. 

The average annual earnings for finance managers are presently $129,000. 

Investment Banker

Investment bankers help to gain investors for private or governmental fundraising efforts. These individuals may help a corporation to structure how they are going to go public or offer stock. They may work in helping to provide valuation for companies. Additionally, they may focus on organizations going through a merger or an acquisition. Due to this skill set, investment bankers have also found very lucrative work in looking at the valuations of already publicly listed companies and making investment decisions for large hedge funds. 

The average salary of an investment banker is presently $120,000 a year. Senior investment bankers can make substantially more. 

Mergers and Acquisition Analyst

Mergers between two organizations as well as the acquisition of one entire company by another are some of the largest financial transactions that occur. These dealings are typically a maze of governmental and regulatory red tape, tax repercussions, and expose the need to restructure assets at a massive scale. As such, merger and acquisition agreements require extensive analysis and experience. Mergers and acquisitions analysts do just this. Often as part of a team under a M&A finance manager. 

The average salary of a mergers and acquisition analyst is presently around $90,000. 

Consultant

Consultant is one of the broadest categories of business jobs. This title can mean many things. But typically it means one of two things, both of which can be quite lucrative. The first option for getting into consulting is to join a large consulting firm. Firms like Mckinsey hire grads from top undergraduate and MBA programs to help large organizations solve their business problems. Essentially large organizations (including governments) will reach out, and a team of consultants will do research from an outside perspective to provide a suggested path as well as analysis. Secondarily, some individuals build up a great deal of experience in a given field. After their acclaim has grown, they are able to bill for consulting with other organizations and individuals within that same field. The field in question can be literally anything, from paper products to software. 

The range of pay for consultants varies considerably. Among the top consulting firms in the nation analysts may make several $100,000 a year. 

Information Technology Auditor

These days finances and technology are inextricably intertwined. Where financial audits of the past were mired in libraries worth of paperwork, today the “paper trail” is likelier to be in the digital world. Much as more traditional auditors, these individuals may work for the government or private industry. For the government, auditors work to determine wrong doing, particularly as it relates to taxation. Within the private realm, auditors may preliminarily investigate their own organization to determine the amount of risk of an audit. Additionally, if an audit is ever called on a private organization, a private auditor may perform their own investigation to be used to contest the governments investigation. 

The average salary of an information technology auditor is presently around $100,000. 

The 10 Highest-Paying Health Care Management Jobs

Health care management often requires an interdisciplinary background which, more often than not, means multiple degrees or dual degrees to gain the knowledge necessary to succeed in the industry. These days the average middle class American requires much more to maintain a comfortable life. Earning a high salary isn’t just “nice” it’s essential largely in part to excruciatingly high costs for students loan payments. You get the picture. Finding a high paying job in health care management is likely a top priority. What we discovered is that there are a number of health care management jobs that pay exceptionally well. Sure it does mean that you too must maintain exceptional professional standards but the same is true in any industry. If you have a background in business and technology you will likely fair better than those who have a medical background. If you have all three and years of experience to boot, then it’s time to start applying to the top C-suite jobs in the industry. Not sure where you would fit in? Take a look at the top 10 highest paying health care management jobs for a closer look.

Hospital CTO

The Chief technical officer (CTO) healthcare administration is responsible for managing technical services and apply an IT roadmap which support clinical financial and strategic missions of the hospital or healthcare center. As a CTO you will do the following: analyze evaluate and promote security, investigate software and hardware that’s useful and compatible for the healthcare facility, provide leadership for all network related activities including sharing with contractors and vendors who provide services for the healthcare setting. As a CTO you must have a strong knowledge of current business practices as well as interfaces in standard software as well as hardware requirements for medical facilities. The CTO should have an understanding of issues related to healthcare including security, current trends, and management issues. The CTO typically has a background in project management that includes leadership and teambuilding as well as oral and written communication skills and budgeting management skills. To become a CTO most positions require a minimum of five years of applicable experience from a healthcare organization. The average salary for a hospital CTO is $194,639.

  • Average Pay: $194639

Hospital CEO

The hospital CEO oversees the performance in working of every aspect of a hospital. The CEO manages day-to-day operations and broader strategic developments for the long-term success of the hospital. The CEO may hire and retain qualified staff and is responsible for ensuring that the hospital delivers the highest quality in patient care. The CEO of any organization is responsible for the financial performance of an organization and must therefore house a strong background in finance and be able to create a budget that works at any scale for their medical facility. Often times, a CEO has to develop relationships with others outside of the hospital setting including those in the press, referring physicians, and the greater medical community. As a hospital CEO, you should have a Master of Health Administration in hospital management or an MBA of in hospital and healthcare management. Most positions require healthcare administrators to have at least five years of experience before landing a job as a CEO. The salary expectation of a hospital CEO ranges depending on the size of the hospital but starts at about $153,000 and can go much higher.

  • Average Pay: $153084

Hospital Chief Financial Officer

The hospital chief financial officer develops a strategic financial plan to operate a medical facility. The CFO is responsible for business development, preparation of financial statements as well as revenue management, and must oversee patient and ministry admissions processes as related to healthcare the healthcare industry patient. TH CFO must engage with financial management techniques in accounting that are relevant to the healthcare industry. Typically, the chief financial officer reports directly to the CEO of the hospital and regularly interacts with top management in the hospital and with affiliated organizations. Many chief financial officer‘s maintain contact with other consultants and government agencies. The prime responsibilities of a chief financial officer are as follows: to create financial reports that are both internal and external, design financial policies,procedures and systems, create reimbursement strategies, design operational capital budgets, file tax returns and plan for taxes, analyze patient financial services, and disperse payments such as payroll and accounts payable. As a chief financial officer you must have excellent verbal and written communication skills as he will regularly consult with upper management. Additionally, you must have highly technical skills as you will be interpreting current financial trends and be required to take appropriate action. Chief financial officer’s must be able to interface with the community as they are regularly required to engage with external professional associations and participate in community service.

  • Average Pay: $152106

Nursing Director

A Director of Nursing is responsible for supervising and leading an entire nursing unit. Ultimately the director of nursing is responsible for the care that is received by the hospital’s residence. Some of the director of nursing job duties may include: directing the nursing program including updating policy and procedure when necessary, overseeing the nursing staff including hiring and firing as well as developing nursing training. Directors in nursing must also have exemplary oral and written communication skills as a director of nursing communicates with the residence, the families, and physicians as required by their job. Typically as a nursing director you will have a hand in developing the budget for the nursing unit and be in charge of creating a care plan for residents of the hospital as well as ensure that those plans are followed. Finally, a nursing director is always compliant with local state and federal regulations and creates updates to policy as needed. A director of nursing salary ranges depending on experience but it’s typically around $150,000 a year. To land a director of nursing job it is important to have a background as a nurse practitioner as well as at least five years of experience.

  • Average Pay: $150724

Health Information Manager

The Health Information Manager manages an entire facility and reviews medical records for accuracy completeness and timeliness. The health information manager also organizes and maintains the databases and assigns clinical coding for insurance purposes. As a health information manager, patient outcomes are a big part of your job. In fact, health information managers track and analyze patient data to ensure that residents are receiving the care they need and furthermore that healthcare has been adequate enough to ensure prolonged safety of the residence. The health information manager ensures that data has been electronically recorded within a secure setting and is always seeking new ways to protect patient privacy. Additionally, the health information manager manages other staff members who are responsible for healthcare informatics. The manager works with the staff to ensure that patient data is accurate and up-to-date. As a health informatics manager you can expect to earn on average $132,000 a year. This position is growing and according to the Bureau of Labor Statistics health informatics managers are on the rise. This position is growing by a rate of 8% which is much faster than the national average.

  • Average Pay: $132040

Nursing Home Administrator

A nursing home administrator is responsible for every level of management at a nursing home including patient care and overall budget and mission of the organization. In other words, a nursing home administrator is both responsible for patient care and business decisions. Some of the job duties of a nursing home administrator include hiring and firing staff, keeping an organization on track for long-term goals, providing staff training, lead teams that to include managerial clinical custodial staff members, create the budget, and act as the overall face of an organization communicating between staff families and other residents of the community. Nursing homes are 24/7 in nature. Therefore, nursing home administrators may work non-standard hours including nights, weekends, and holidays. Typically, a nursing home administrator does not engage in clinical work and spends a great deal of time interacting with members of the community, staff, and family members. Because of this, a nursing home administrator must have a pleasant demeanor and have excellent oral and written communication skills. Additionally, a nursing home administrator is organized, punctual, and a great leader. This position has risen in need over the years due to the growing number of individuals in the aging population. The average salary of a nursing home administrator is $117,000 a year.

  • Average Pay: $117766

Medical and Health Services Manager

A medical and health services manager is an individual responsible for the overall operation of the health service facility. As such the health services manager manages employees, creates and maintains the facilities budget, while remaining up-to-date on current health service related laws and technology required to operate. As an individual who both manages people and finances, it’s important to have a background in business as well as in health. The health services manager will hire train and supervise all employees. Additionally, the health services manager should have a technology background as they will be in charge of maintaining the facilities records. Finally, health services manager should have knowledge of the medical community as they will be working hand-in-hand with medical professionals as well as patients and our insurance companies. As such, the health service manager position is inter-disciplinary. To become a health service manager one should have at least a bachelors degree in health administration. However a masters degree is typically required. The job outlook for this position is particularly good with an 18% growth rate- much higher than the average job growth. According to the Bureau of Labor Statistics, the median salary for a medical and health service manager is $99,730 a year.

  • Average Pay: $99730

Health Care Consultant

As a healthcare consultant you will be required to analyze an organization’s operations and discover inefficiencies within it. In other words, the primary role of a healthcare consultant is to recommend ways to reduce costs and to increase revenue within an organization. When applied to a medical setting, this means working hand-in-hand with the healthcare facilities administrators to identify the exact problem areas than to propose solutions. A healthcare consultant will need to conduct evaluations and then design systems and procedures to improve efficiencies. As such, this career involves a lot of programming analysis and management consulting. As a consultant it is important to have exemplary oral and written communication skills, a pleasant demeanor, and be reliable. Healthcare consultants may work as independent contractors or be hired from within a company as an ongoing consultant and analyst. As a healthcare consultant you may work with C-suite executives as well as nurses and doctors. Therefore, it is beneficial for a healthcare consultant to have a working knowledge of the healthcare industry as well as some previous medical training. However it is not always necessary to have medical training. Many individuals with with a degree such as an MBA do well as healthcare consultants. Some individuals may choose to become certified as a certified management consultant (CMC) to increase their job prospects. As a healthcare consultant,you should be able to engage with critical thinking, have exemplary math skills, and have good judgment. On average, a healthcare consultant earns $95,688 a year.

  • Average Pay: $95688

Hospital Administrator

A hospital administrator is responsible for overseeing the health services as well as the activities of a hospital or other healthcare facility. The healthcare administrator job duties are: managing the budget and maintaining the budget, managing staff including hiring and firing as well as training staff, becoming the communicative liaison between departments to ensure quality control and the highest patient care, and working alongside IT technicians to ensure that healthcare technology to ensure that technology safely protects patient privacy. The day-to-day jobs include managing the budget, sterilizing equipment, evaluating personnel, ensuring HIPPA compliance, training personnel, coordinating services with the hospital board and other regulating authorities, completing documentation of patient visits and more. A hospital administrator should have a minimum of a bachelors degree in healthcare administration as well as a CPR certification and a good working knowledge of HIPAA regulations and other coding regulations. To be an excellent healthcare administrator you should have fantastic oral and written communication skills, the ability to multitask, planning skills, the ability to work independently and as part of a team, have critical thinking skills as well as problem-solving skills, and a number of years of experience In management. On average, a hospital administrator earns $87,269 a year.

  • Average Pay: $87269

Clinical Practice Manager

A clinical practice manager or just practice manager oversees the business side of a physicians practice. In other words, a practice manager oversees the billing, pay, staff performance as well as recordkeeping in a facility. The practice manager ensures that the business opens and closes on time and that all of the appointments are made and completed. The practice manager is in charge of the budget and ensures that billing is done correctly and to code. The practice manager is also is in charge of staff performance and therefore hires, fires, and train staff appropriately. Overall, practice managers are responsible for the operation of the practice which includes the health and safety of its staff. Additionally, many practice managers are in charge of medical supplies as well as maintaining the equipment and ordering medical supplies. In many instances, a practice manager functions as an HR representative and helps to resolve conflicts in the workplace. Finally a practice manager overseas records and ensures that they are safely stored. Therefore, practice manager will interface with IT professionals. To become a successful practice manager It is important to have a background in business as well as a number of years experience in administration. Practice managers benefit from superior math skills including those in accounting and statistics as well as effective oral and written communication skills. On average, a practice manager can expect to earn $71,076 a year.

  • Average Pay: $71076

The 15 Highest-Paying Jobs in Marketing

The landscape of marketing has changed greatly since the copywriting-heavy “Mad Men” days of the mid-20th century. Today nearly every operation is constantly in contact with their client base, requiring some communications, marketing, or public relations expertise. Marketing has also become greatly intertwined with technology. With the richness of inputs from client or visitor visits, marketing is now more data driven than ever before. These emerging uses of marketing have pushed the job market forward, and provide more opportunities for individuals to get into marketing than ever before!

Chief Marketing Officer (CMO)

Chief marketing officer positions are the most senior marketing-centered role you can achieve in most organizations. These individuals may not only be in charge of marketing efforts within an organization, but also sales. With sales and marketing typically called the “commercial” division of a company, CMOs have a massive impact on revenue.

More so than nearly any other position within an organization, chief marketing officers must show vision. Vision infectious enough to trickle down into sales calls and the creative work of individual marketers. Typically CMOs have held another leadership position in both sales and marketing and have held this position for close to a decade (a common requirement).

  • Pay Range: $92k-$342k

Growth Hacker

Growth hacking is a mindset born from early to mid stage startups. While growth hackers borrow from the toolsets of many other digital marketing positions, they differ in that their key metric is growth. This comes across in the AARRR stack, wherein a marketer focuses on honing customer acquisition, activation, retention, referral, and revenue. In short, growth hackers have made client base growth a science.

If you find yourself a multidisciplinary marketer, capable of creating web pages, writing copy, and interacting with customers one-on-one, then growth hacking may be a great role for you. Most opportunities for growth hackers are in startups, which can be a good or bad fit depending on the individual. Typically startups have higher opportunity but also higher volatility than more established industries.

  • Pay Range: $47k-$166k

Developer Evangelist

Within software-as-a-service industries, products are ever changing. And one of the ways in which these changes get across to current users is through developer evangalism. Additionally, some changes just aren’t good, and constant feedback is needed. Basically, SAAS companies need to be in constant contact with their customers in a discussion on moving their products forward. This is where developer evangelists come in.

The key role of a developer evangelist is to embody the developer experience (they are one) and create a vibrant community wherein information can flow back and forth from the developer community and the software maker. This job often entails a great deal of travelling and speaking at conferences, as well as the creation of sample apps or projects and educational endeavors for the developer community.

  • Pay Range: $110k-$190k

Marketing Manager

Marketing managers are some of the most common marketing positions you can find, as typically every marketing team has one. This individual will likely have several years of experience “in the trenches” of marketing, and will still create some marketing assets on their own. This is also one of the broadest types of positions we’ve mentioned. Marketing manager will mean entirely different things based on the industry of the employer and the objectives of the organization.

One aspect that remains constant about marketing managers is that they tend to need experience in a range of marketing disciplines. For example, a digital marketing manager will likely be in charge of individuals enacting PPC (ads) as well as organic marketing (SEO or social). Within a more traditional industry, these individuals may work as more of an editor or oversee print work that will be placed out into the world.

  • Pay Range: $72k-$130k

Corporate Communications Director

Corporate communications directors are particularly important for organizations at high risk for negative exposure. Think of these individuals as both the head of public relations as well as positive marketing-related messaging all at once. Typically individuals in communications roles will have worked their way up from a communications related degree, they may originally have been journalists or public relations specialists. Some communications directors rely heavily on a network of press contacts they’ve built up over time.

Communications roles are more prevalent in large enterprise, and if you drop the “corporate” from this title, very common in governmental and non-profit spaces.

  • Pay Range: $110k-$160k

Market Research Director

Market research is tasked with determining if there is a market for a product, and if the product meets the criteria from the product. Essentially, market research is marketing more focused on the community at large than one organizations’ messaging. These lessons yield valuable insights for both marketing and product teams, and can help to avoid roadblocks and failed products down the line.

Market research is typically a more research-heavy role compared to other forms of marketing. And a quantitative degree may be required, or at least work in analytics and with statistics.

  • Pay Range: $99k-$114k

Director of Digital Marketing

A similar role to others on the list, this job title is primarily implemented to distinguish between digital and print marketing as well as to establish a “director” who is often above multiple project or product managers within marketing (and their teams). This individual will be expected to be an expert on many forms of digital marketing and marketing technology. Additionally, one of the main tasks of individuals in this role is to guide the organization into the future of digital marketing. Much as a chief marketing officer must provide “vision,” so too does a director of digital marketing need to instill a culture and vision around digital projects.

  • Pay Range: $138k-$182k

Freelancer

Perhaps the role with the largest variability in pay ranges, freelancers can be among the highest and lowest earning marketing careers. If you’re into taking full ownership of finding, onboarding, and managing all your clients, but want greater ownership of the earnings from each projects, freelancing might be for you!

In may settings, small marketing agencies start with a single freelancer. The freelancer drums up more clients and then hires indviduals to help with the workload, thus creating a small business at the end of the day. It should also be noted that freelancer is a very general term. These individuals may work in design, copywriting, programming, analytics, or any subdiscipline of marketing.

  • Pay Range: $15k-$300k

Marketing Agency Owner

Unless you bought an agency, a marketing agency owner is most likely an individual who started as a freelancer and then formalized their operations as they grew. Similarly to freelancing, marketing agency owners may make a great deal, or very little depending on how business is and how they are investing the proceeds. With this said, as opposed to the freelancer, the upside is higher for marketing agency owners, as some agencies can grow to create billions of dollars in revenue.

Also similarly to freelancing, marketing agencies can be full service or specialize in one area. Popular marketing agency types include PPC-centered agencies, SEO-centered agencies, outreach-centered agencies, growth hacking agencies, web design-centered agencies, and full service.

  • Pay Range: $60k-$1M+

Content Marketing Director

For large organizations, there may be many content managers and vectors of content work. You may have large ad productions, tutorials and documentation, community building, and the creation of sites or apps. Within this setting, the content marketing director is tasked with pulling all of these disparate projects into a coherent vision. Individuals in this role will likely have worked either in another senior marketing role or for a number of years as a content marketing manager.

  • Pay Range: $92k-$172k

Product Marketing Manager

Product marketing managers are meant to own the public messaging and attention given to a specific product. These versatile marketing mangers are likely involved with a range of marketing types and settings including digital marketing, print marketing, marketing events, and packaging. These individuals also provide feedback to the product team through the form of market research. This total skillset is hard to achieve without years of experience or in-all-likelihood a graduate degree in business or marketing.

  • Pay Range: $92k-$119k

Demand Generation Manager

Demand generation managers are related to growth hackers and business development professionals. But their primary metric is rather how many leads and how much attention they can heap onto an organization or product. These individuals may additionally be present within sales organizations in the form of sales development representatives (SDRs).

This role may be an entirely digital focus, or work in a more traditional industry where in-person one-on-one meetings or larger events are hosted. Pay for this role may vary greatly, but often has a low base salary and high potential for performance pay if one can generate a great deal of demand.

Pay Range: $60k-$130k Base

Brand Marketing Manager

Brand marketing managers hold roles similar to product marketing managers, but represent entire lines of products. These individuals are prevalent in both online and more traditional goods and services. Individuals in this role must consistently monitor marketing trends within their industry and oftentimes help to host both in-person and physical marketing events, attend trade shows, as well as perform digital marketing.

Brand marketing manager roles are particularly prevalent in food and beverage product fields. And are less prevalent in health care, IT, or engineering fields.

  • Pay Range: $70k-$126k

Digital Strategist

Digital strategists may work in freelance, corporate, and agency settings. These individuals are good at seeing the big picture, at gaining input from clients or stakeholders, and then sketching out a vision for what can “move the needle” in a particular marketing arena. These individuals are often called into external teams to provide an outside point of view that can shift strategy going forward. It’s important for digital strategists to stay up-to-date with the latest marketing and digital trends.

This role also tends to be analytics heavy, as strategists are looking in on projects from a high level and need to be able to monitor success or failure. This means that some quantitative background is often sought in digital strategy roles.

  • Pay Range: $61k-$80k

Data Scientist

While most data scientists don’t work in marketing, a handful do find work finding insights in massive amounts of web-centered data. Marketing-related projects that data scientists could be involved in could include serving up relevant ads or content, monitoring news coverage in strategic areas at a large scale, and providing insights into site or store visitors and behaviors.

Data science is one of the mot in-demand skill sets of the 21st century. And whether you would like to work in a marketing-centered application or another, can provide a great deal of opportunity.

  • Pay Range: $83k-$200k

10 Ways To Level Up Your Linkedin Presence

Linkedin is more than just “another online community.” Power users on Linkedin create and host conferences, generate millions of dollars in revenue, become thought leaders, and find their next job. 

Additionally, as the largest career-centered social network, Linkedin houses many smaller communities that are bound to overlap with your location of work to some extent. While perhaps you don’t work in business development, sales, or marketing, on Linkedin, everyone can play the role of all three. And that’s what we’re going to talk about in this guide. 

Why You Should Level Up On Linkedin? 

  • More than on other social networks, people on Linkedin are looking for their next hires, they’re looking for partners for their next business venture, or they’re sourcing ideas on how to solve a business problem they have. That means for enterprising individuals, opportunities abound!
  • Linkedin has over 722 million members. This means there’s undoubtedly members with the same interests, career titles, and overlapping goals. 
  • Linkedin is the largest concentration of international business members
  • Linkedin has provided a variety of tools for reaching out to others, and tracking what’s working and what’s not. 

Master the Profile Page

One major advantage of Linkedin over other platforms is that once you have meaningful engagements with others, they want to check out your landing page. And in this case, it’s a landing page all about you!

There are tons of templates online for really mastering a profile page. But here are a few rules of thumb that many have found useful. 

  • Focus on client issues. You’ll see this in everything from headlines (ex: “I help SMBs generate leads.” 
  • Use quality design. You can embed elements like a highly produced PDF, or edit your profile image or background to share more information quickly (for example: “looking for work” embedded in your profile image around the edges. Or “i’m hiring”)
  • Emojis catch eyeballs. While some are perhaps overplayed (the rocket ship), you can include these in your headline as well as your name to stand out in other people’s feeds. 
  • Quality posts drive individuals to not only check out your profile page, but see a list of your past posts. Your profile page is like the index page of your blog!

Use Recommendations and Endorsements

Linkedin is social and slightly gamified in the sense that the platform seeks to promote engagement. When you go out of your way to provide recommendations and endorsements to others you may have worked with, more prompts emerge for these individuals to recommend and endorse you. 

Endorsements and recommendations also factor into search results. These are like reviews with even greater specificity. Individuals searching for hires with specific skills can not only see that you claim to know a discipline, but that others who have worked with you have cited your expertise in this area. 

Join a “Workplace”

Or if your place of work doesn’t have a formal “workplace,” then start one! This is a great way to gain synergy for posts as being in the same workplace prioritizes the content of others in your workplace. Whoever runs your organizational account can also notify all coworkers of new posts. Each re-share within an organization meets a new secondary network providing the chance that more posts will go viral!

Linkedin Groups Are Where the Action Happens

There are professional forums for almost every discipline online. But there’s no other site that hosts so many of these popular forums than Linkedin, and they’re called “groups.” Gaining a reputation for regular and quality engagement within groups has led many individuals to solid revenue streams for their business, job offers, and partnerships. Groups are also often private, so you can speak your mind to a greater degree to a group of similarly focused professionals. 

Stay in front of your audience

Even if you aren’t a marketer or content producer, chances are you have some thoughts on what your working on. And chances are you have more experience than someone else out there in your field. Share these insights! In an age in which anyone can become a thought leader, you’re missing out on opportunities by not staying in front of your audience. 

Of note, this process can start small. Spend a few minutes every day — or a few hours once a week to come up with a number of posts you can share. As you get deeper into content creation you’ll see ways you can repurpose content or perspectives you’ve already documented. Even if you report an earlier “take” nearly word for word, chaces are a different audience will see it a second time. 

Use Inmail

Inmail is the ability to message someone else on Linkedin, and there are a few routes to gain this capability. First, you can “connect” with someone and once they agree to connect you can gain their direct inbox. Secondly, you can pay for a premium Linkedin plan, which allows you a specific amount of inmail you can send whether you’re connected to individuals or not. Third, you can effectively run inmail ads, which show up in someone’s inbox based on their meeting some set of criteria (a job title, location, or so forth). 

Inmail has THE BEST response rate of any personalized messaging ads on any other social media service. And because Linkedin has a ton of profession-related data, you can often get in front of exactly who you want to talk with. If you’re using inmail not as an ad format, reach out for advice, for partnerships, or just to be nice about a recent development in a colleagues career. 

Don’t Spam

This may seem contrary to “stay in front of your audience.” But there’s a difference between spam and regularly posting. Regularly posting in a “non-spammy” way provides value. And that should be the key deciding factor you think of every time you post, comment, inmail, or talk in a group. Am I providing value here? Those that do on Linkedin often get noticed, and this can lead to job opportunities, people wanting to work with you, partnerships, or posts going viral. 

Use Automation Tools

Time spent being thoughtful, providing values for others, and figuring out your messaging is time much better spent than dealing with the minutiae of actually using a platform. Automation that’s of value on Linkedin tends to come in a few forms. There are social media planning and posting tools which provide information on trending topics, the ability to schedule posts in the future, cropping of images or videos to the proper size for each platform, and so forth. 

Additionally, there are web scraping tools that can provide you the name and details of everyone in a given group or the most popular posts in a given topic. These can be valuable for discerning who you should follow, what types of posts succeed, and generally attaching some data to your process of reaching out on Linkedin. 

Plan Your Posting In Advance

This point goes hand-in-hand with using automation tools as well as “staying in front” of your audience. The key point here, however, is that you can nurture relationships with potential clients, partnerships, and more by providing a coherent narrative. Some Linkedin influencers have built out their posts like they’re giving a course on a topic. With each interaction, they gain a bit more community and some feedback on their topics. And several of these individuals have gone on to bandy these exchanges into hosting their own formal courses or conferences!

Thoroughly Follow Through With Comments

When someone comments, you’ve already won the battle for their attention. More than that, they’re genuinely interested in continuing to give their attention to the topic you’re talking about. Additionally, as more quality engagements stack up on a post, it gains synergy, through notifications to individuals who have liked the post already, or showing up in new feeds. Use this to your advantage even if your follow up is as simple as saying thanks!

Companies with Tuition Reimbursement to Finance Your Education

There is more than one way to pay for your education. Take, for example, Daniel Watts, who earned over $11,000 winning the game show “Wheel of Fortune,” which he used for school expenses. 

While you don’t necessarily need to put yourself under the pressure of a game show to get money, you do need to think creatively when it comes to paying for your education. Fortunately, there are plenty of options for financing your education. Namely, asking your company to cover some of the cost of tuition. 

This guide will walk you through tuition reimbursement programs and point you to companies that offer them. And if your company doesn’t offer one, we also have some tips for asking your boss to consider financing your graduate degree. 

You can also jump down to the infographic to quickly scan some companies offering tuition reimbursement programs and some other corporate job perks.

What Is Tuition Reimbursement?

companies that offer tuition reimbursement

The promise of a paid degree seems far fetched, but trust us, it exists. It’s called tuition reimbursement. 

Tuition reimbursement is an employee benefit offered by some companies — it provides payment for a portion or all of your education tuition fees. The very first step in securing any money this way is checking your company’s policies. Understand if it’s an option for you and how your company manages these benefits.  

One thing that you might discover in reviewing your company’s policies is how much they pay for tuition reimbursement. There are several factors that go into how much companies pay their employees for education and career development. Such considerations include the type of degree you’re after, your academic standing at school, if you work full or part-time and the company’s size and bandwidth. We’ll get into the numbers below when we go over some companies’ tuition reimbursement programs. 

Another important thing to note is that not all tuition reimbursement programs function the same way. Some involve you paying the tuition fee upfront and then being compensated by your company after that payment. However, some companies will pay their contribution to the fee first and have you cover the rest. It’s important to be aware of your company’s policy when it comes to payment timing. 

20 Companies with Tuition Reimbursement Programs

Tuition reimbursement programs not only benefit you, but they also make sense for your company. According to the Lumina Foundation, education reimbursement programs have a 129% return on investment, which means for every dollar the company invests, it generates an additional $1.29. 

Here’s a list of companies that offer some great MBA tuition reimbursement programs. Of course, there are plenty more, but this list is concentrated on companies in the business field:

  • Amazon. “Amazonians” can participate in the Career Choice program and have the company pre-pay 95% of their tuition. They will also be reimbursed for 95% of textbook costs. 
  • Apple. Apple will reimburse full-time employees up to $5,250 per year towards tuition. They also match charitable contributions, which is great for employees that are looking to get into the social impact space. 
  • AT&T. For employees that are after an undergraduate degree, they can get up to $20,000 at AT&T. Employees pursuing a graduate degree can receive up to $25,000. Textbook and exam prep fees can also be covered by the company. 
  • Baird. The asset management firm and investment bank pays 100% of its employees’ MBA tuition through the Baird Scholar program. The program is open to standout associates at the firm who have excelled in their first few years of work.
  • Bank of America. Once employees have spent six months with the company, the company offers up to $5,250 a year for courses relevant to their position or for degree programs. Once training is complete, employees also receive access to Bank of America educational resources including e-books, web-based trainings and instructor-led classes. 
  • Boeing. The airplane manufacturer offers an unlimited annual amount for employees studying science, technology, engineering or mathematics. 
  • Best Buy: For employees that work up to 32 hours a week for a minimum of six months, they become eligible for Best Buy’s tuition reimbursement options. For undergraduates, that includes up to $3,500 per year in tuition reimbursement, and for graduate students, the number caps at $5,250 per year. The company will also pay for other fees involved in coursework (tutoring, studying prep, etc.), up to $325 for undergraduate students and $525 for graduate students per year.  
  • Deloitte. Participants of the company’s Graduate School Assistance Program receive a full tuition reimbursement after two years of employment. Other benefits include a job offer upon degree completion, a technology stipend, discounted price on GMAT preparation materials, application support and career development support. 
  • Fidelity. The company has saved students over $38 million in school loans through its educational offerings. Employees that work for the company six months and longer can receive up to $10,000 a year in contributions for work-related courses and university. The bank also has a student loan assistance program and retirement assistance program that will match up to 7% of employee 401k accounts. 
  • Ford. The motor vehicles company offers an Education Assistance Plan that gives employees up to $6,000 per year. They also have programs for personal development costs and textbook reimbursement. 
  • Geico. The company offers more than an entertaining, talking reptile. It offers its full-time employees up to $5,250 per year in tuition assistance. It also covers outside costs like application fees, coursework material and textbooks. 
  • Intel. The tech giant will reimburse employees up to $50,000 for their degree, with no annual limit. They also offer free tutoring and have scholarships available for employees’ children. 
  • Intuit. The financial software company offers its full-time employees up to $5,000 per calendar year. And for part-time employees, they still cover some costs, reimbursing up to $2,500 per calendar year.
  • McDonald’s. The golden arches also has a golden tuition reimbursement program. For those who’ve worked at the fast-food joint for more than 90 days and meet a minimum of 15 hours of work per week, they can get up to $2,500 per year in tuition reimbursement. That number increases to $3,000 per year for managers. However, tuition assistance is only applicable for community colleges, universities or trade schools. 
  • Oracle. The software and technology company offers its full-time employees up to $5,250 per calendar year for courses related to their position. 
  • Raytheon. This defense technology company offers its eligible, full-time employees as much as $10,000 a year for their tuition fees. They also offer college planning programs for employee dependents. 
  • Smuckers. Smuckers — the company that bought you those iconic peanut butter and jelly uncrustable sandwiches — offers some seriously delicious tuition assistance as well. Eligible employees can get full tuition reimbursed for company-approved courses. Children of employees can also apply for scholarships and get up to $3,000 paid toward their education.  
  • The Boston Consulting Group. According to Transparent Career, BCG will offer full tuition reimbursement for employees who plan on remaining at the company after they get their degrees. They also offer a Social Impact Leave of Absence if to take a few months off to volunteer or do some social good.
  • UPS. UPS workers have a lifetime cap of $25,000 for education expenses, and eligibility begins on day one for both part-time and full-time employees.  
  • Wells Fargo. The bank encourages continuous learning by reimbursing employees up to $5,000 annually for tuition. The company also has scholarship opportunities for the children of employees which reward eligible students up to $3,000 per year. 

This is only a handful of firms that offer tuition assistance. According to the Lumina Foundation, 56% of firms have some type of tuition reimbursement program. So, if you’re considering business school, be sure to check if your company falls in that wedge of the pie by reviewing your employee benefit package closely. 

How to Ask for Tuition Reimbursement If Your Company Doesn’t Offer It

If your company doesn’t offer tuition reimbursement, not all hope of your MBA dreams is lost. Looking to pursue an online degree at a lower cost is a good idea.

However, if you have your heart set on campus learning or if the online tuition is still out of your price range, consider asking your employer about tuition reimbursement. Here are some steps to think about before sitting down with your boss: 

  • Review your company’s policies. Read through your company’s policies with a critical eye for things like career development, educational aid benefits or tax benefits for schooling. There might be different phrasing for tuition reimbursement that goes overlooked or a third party takes care of those things. So, before you have a conversation with your boss, do your homework and review the company’s policies and benefits. 
  • Assess the cost of your MBA. Next, assess the cost of your MBA. Do you absolutely need the help of your employer to cover it? Could you come up with another way to fund your MBA? Is there a cheaper alternative? Gather all this information before you talk to your boss. 
  • Put together your pitch. You’ve crunched the numbers and read the fine print, but it still looks like you need to turn to your company for help. Now, it’s time to prepare the pitch. You’ll want to have a case prepared including the company policy, the cost of your MBA program, the amount you’re asking for and a suggested plan on how to move forward. Additionally, you’ll have to reason the return on the investment. Make clear how the skills you aim to learn will directly benefit the company. 
  • Discuss it with your boss. By this point, you’ve polished your case. When pitching it to your boss, make sure your passion comes through. If going to business school is your dream and money stands in the way, it’s in your employer’s best interest to help out — remind them of that. And if the discussion doesn’t go your way, be sure to ask questions as to why and if there are any alternatives. 

Asking your company for tuition reimbursement is one of the many ways you can alleviate the financial pressure of paying for your education. Especially if you’re considering a top business school, you’ll want to explore all your options. Your education is valuable and it shouldn’t come at a personal, irreparable cost. 

Source: Lumina Foundation | Student Loan Hero | Transparent Career

20 Highest-Paying Jobs in Software-As-A-Service Companies

What is the SAAS Industry? 

The ‘software as a service’ industry is the branch of the IT market where on-demand software is licensed either to businesses or consumers, typically on a subscription basis. On-demand software is either provided as the whole product or within the context of additional services, as is the case with Microsoft’s original ‘software plus service’ model. 

The SAAS industry is one of the fastest growing sectors within the IT job market. This explosive growth leads to some jaw-dropping opportunities. In the ranking below we breakdown the most notable of these opportunities. One note to make is that the vast majority of these top-end jobs are located in tech hubs around the country where cost of living and other expenditures should be taken into account. Specifically, we list bay-area salaries separately for this reason. 

Most Lucrative SAAS Jobs

  1. Chief Financial Officer (CFO)
the service companies jobs

Bay Area Average – $481,765

National Average – $371,548

A chief financial officer is the captain of the ship when it comes to financial planning and business development. A CFO will direct the macro strategy of an organization while also monitoring micro performance metrics. This position represents the highest level of achievement for many professionals, and is a role to be aspired to. Those interested in this role will want to build a strong background in finance and business management while building the IT knowledge and skills needed to thrive in an SAAS market. 

  1. Chief Data Officer

Bay Area Average – $265,000

National Average – $211,000

A chief data officer is a professional who manages a company’s high value data. These professionals often oversee the development of a company’s data architecture and data communications technology. Specifically in the context of the SAAS market, a chief data officer will likely be tasked with managing the host-server of the organization’s software as well as any data-exchanges therein. Preparation for this career path will likely require an advanced degree in IT with a concentration in Data Management. 

  1. Chief Marketing Officer (CMO)

Bay Area Average – $305,590

National Average – $180,000

Chief marketing officers are the quarterbacks and playmakers of the marketing and promotions department. These professionals put plans into action to bring an SAAS organization to market with strong brand acknowledgement and consumer engagement. These professionals often oversee entire marketing departments and so prospective CMOs will need to build a strong back in both business administration and marketing. An MBA program with a specialization in marketing would be ideal. 

  1. Chief Technical Officer (CTO)

Bay Area Average – $309,300

National Average – $162,168

A CTO is a professional who oversees the scientific and technological developments, concerns, and challenges of an organization. Specifically in the context of the SAAS industry, a CTO will likely oversee the development, maintenance, and iteration of proprietary software. Those aspiring to the position of CTO will need to earn an advanced degree in IT with a concentration in software development. 

  1. Security Architect

Bay Area Average – $177,000

National Average – $153,439

A security architect is a professional tasked with ensuring the security and stability of proprietary software in an SAAS organization. These professionals develop security protocols on both the server-end and the user-end of the software. Professionals looking to build into this career will want to build a strong background in cybersecurity with an emphasis in software development. 

  1. Head of Analytics

Bay Area Average – $180,304

National Average – $144,912

In an SAAS organization, the Head of Analytics will be tasked with all manor of responsibilities relating to data gathering, priming, and analysis. These professionals develop the tools needed to monitor key software performance metrics both in terms of base functionality and user engagement. Companies then use this data to further optimize both software iterations and the overall direction of business. To earn this position one will likely need a background in data science with an advanced degree in Computer Information Science, Data Science, or Business Information Analytics. 

  1. Engineering Lead

Bay Area Average – $197,909

National Average – $140,035

An engineering lead will be the specialist in charge of developing proprietary software within the SAAS model from the bottom-up. These professionals are expert programmers who are able to convert business objectives into software iteration. To become a lead engineer, students will need to become masters of software engineering. The extent to which schooling is necessary will depend on the aptitude and aspiration of the student. 

  1. Systems Architect

Bay Area Average – $172,501

National Average – $137,745

While a lead engineer develops a program from the bottom-up, a systems architect directs the software development from the top-down to meet certain objectives in terms of system functionality. For instance, these professionals might be tasked with integrating a user profile system in tracking consumer analytics. In order to succeed as a systems architect one will need to develop a strong foundation in computer science with a degree concentration in systems architecture, software architecture, or data infrastructure. 

  1. Data Engineering Manager

Bay Area Average – $203,637

National Average – $135,373

A data engineering manager oversees groups of data science engineers in order to ensure daily productivity and progress toward macro objectives. These professionals assign various parts of a large scale project to the data engineers under them, and then monitor performance and progress while updating plans of action accordingly. Students who aspire to this position will want to pursue an advanced degree in data science with a concentration in information management or computer technology management. 

  1. Data Scientist

Bay Area Average – $171,216

National Average – $123,462

Data Scientists are the professionals who convert raw data into actionable information. These professionals are tasked with gathering, cultivating, and organizing data from various data servers. In the context of SAAS, data scientists will be charged with exploring various variable interactions and relationships in the context of an organization’s proprietary software, as well as how consumers interact with these data points. Data scientists typically hold at least an undergraduate degree in data science with some of the best positions being reserved for those with graduate education. 

  1. Experienced ‘Software As a Service’ Sales Rep

Bay Area Average – $200,000

National Average – $118,000

In the SAAS industry it doesn’t matter how good your software is if you can’t sell it. Experienced sales reps in the industry make really good money, which is fair compensation for their primary responsibility of securing licensing contracts for the organization’s proprietary software. These professionals are sales experts within the field of IT and will typically have backgrounds in MBA programs or IT programs with business concentrations. 

  1. Cloud Engineer

Bay Area Average – $155,432

National Average – $117,300

In today’s market, many consumers and business clientele expect cloud infrastructure and functionality. Cloud engineers are the professionals tasked with ensuring that an SAAS organization’s software offers these functionalities. These professionals are expert programmers who specialize in cloud architecture. As such these professionals typically hold degrees in computer science with a specialization in cloud computing, cloud architecture, or cloud programming. 

  1. Head of Growth Marketing

Bay Area Average – $165,000

National Average – $117,110

The Head of Growth Marketing is the professional within an SAAS organization’s marketing department who is tasked with lead generation, consumer engagement, and brand exposure. Whatever elements of a marketing campaign are purely focused on growth are the expertise of these professionals. In today’s market this typically requires an expertise in social media marketing and lead generation. Helpful degrees in this profession would be an MBA with IT specialization or social media marketing degree with an IT specialization. 

  1. UX Manager

Bay Area Average – $138,345

National Average – $115,363

UX Managers are the professionals who oversee the development and interaction of the components of SAAS software most related to user experience. UX Managers will oversee a team of software engineers and programmers and set the team’s objective. Objectives are typically designed to improve upon areas reported in testing or consumer feedback. These professionals often work closely with the customer support department in order to determine key areas of focus in the user experience with the organization’s software. UX Managers typically hold advanced degrees in computer science, IT, or software development with established concentration in UX design. 

  1. Developer Evangelist

Bay Area Average – $123,459

National Average – $114,442

What may at first sound like a tongue-in-cheek role is really a key factor in the success of the SAAS model. An organization’s proprietary software might not be the most intuitive thing regardless of its functionality. This can be a problem when recruiting users or seeking investors. Developer Evangelists are essentially translators whose job it is to convert dense technical language into intuitive stories that confer the value of an organization’s proprietary software. Professionals interested in this work will want to build expertise in marketing, promotions, and communications, such as through an MBA or a IT degree with a business concentration. 

  1. Full Stack Developer

Bay Area Average – $150,850

National Average – $111,429

As the elements of software development become more and more specialized, there are professionals who distinguish themselves by demonstrating expertise at every level of the development process. Full Stack Developers are such professionals, who are able to develop software to complete objectives in various areas such as database infrastructure, UX/UI design, and network architecture. These professionals have typically completed undergraduate or graduate degree programs in computer science, preferably programs specifically designed for full stack software development. 

  1. Product Manager

Bay Area Average – $143,338

National Average – $97,270

In the SAAS industry an organization’s proprietary software is its product. Thus product managers are tasked with viewing these products for what they are in the context of market and consumer needs, as compared to competitor’s products. These professionals thus direct teams to iterate on software design in order to better position the SAAS company in the marketplace. Product managers typically hold MBAs, or advanced business degrees with an emphasis in product development or product management. 

  1. DevOps Engineer

Bay Area Average – $176,278

National Average – $95,000

A DevOps Engineer is an efficiency specialist in the world of IT. Particularly in the SAAS industry, these professionals help to shorten the development lifecycle required to iterate on proprietary software. This helps SAAS companies to respond to market demands quicker and patch bugs and user-reported problems more readily. These professionals accomplish this by overseeing typically separate departments of IT, software development, and network admins. DevOps Engineers usually have diverse backgrounds in computer science. 

  1. Penetration Tester

Bay Area Average – $128,622

National Average – $84,690

A penetration tester employs a ‘pen test’ in order to test the viability of web application firewalls (WAF) and other security measures. As such these professionals are specialized cybersecurity professionals who work closely with the IT department to iterate on web security. These professionals have typically earned a specialized degree in cybersecurity. 

  1. Customer Success Manager

Bay Area Average – $242,098

National Average – $72,000

Customer Success Managers are a new brand of customer support specialist, who specifically are tasked with the successful on-boarding of new users and clientele. Within the context of the SAAS industry, these managers typically oversee multiple teams of customer support professionals in order to monitor user experiences and to ensure that customers have the necessary tools and resources to effectively use the SAAS software. These professionals typically hold a degree in business, communications, or IT. An ideal choice to consider would be a Computer Systems Information Management degree. 

What Is Social Entrepreneurship? + How to Impact Change With Your Business Degree

Social entrepreneurship is where starting a business meets solving a social issue. In social entrepreneurship, founders — also known as social entrepreneurs — use their business savvy and keen sense of opportunity to build a company focused on creating social value. They look at global problems and apply business and commerce solutions to solve those problems.  

That’s the elevator pitch version of social entrepreneurship. However, there’s far more to it. Quite literally, the aim of social entrepreneurs is to save the world through business tactics. And a short elevator ride isn’t enough time to solve the entire world’s problems. 

We’ve created this definitive guide to social entrepreneurship to help you understand it. Learn how to make an impact in the world with your business degree by understanding the emergent field of social entrepreneurship. 

You can also quickly jump down to the infographic that summarizes social entrepreneurship. 

What Is Social Entrepreneurship?

qucik mba

The Global Entrepreneurship Monitor launched a study to clearly define social entrepreneurship through empirical data. They found two elements that define social entrepreneurship activity: The organization is driven by social value creation rather than value capture (short-term financial gain) and the organization is market-based rather than non-market-based. This means that the venture needs to function in the private sector, but its missions and decision-making revolves around a social issue, as opposed to the financial bottom line. 

This narrowed definition differentiates social entrepreneurship from other business sectors with overlapping characteristics. We’ve broken down the difference between social entrepreneurship and neighboring areas of business:  

  • The difference between nonprofit work and social enterprise comes down to funding. Nonprofit organizations are funded by the public whereas social entrepreneurial activity relies on generating their own profit.
  • The difference between social entrepreneurship and corporate social responsibility comes down to the mission. Social entrepreneurial ventures proactively address a global issue and model their business around that mission. Corporate social responsibility programs focus primarily on their product or service, and incorporate socially responsible practices as a secondary concern. 
  • The difference between commercial entrepreneurship and social entrepreneurship is innovation. Social entrepreneurs innovate to solve global problems specifically, whereas commercial entrepreneurs innovate around any topic where they see an opportunity gap.

The Origins of Social Entrepreneurship

The term “entrepreneur” originated in French economics as early as the 17th and 18th centuries. While some of those innovators were certainly socially inclined, the spotlight on social entrepreneurship really came with Muhammad Yunus’s founding of Grameen Bank. 

Yunus, known as the “Banker to the Poor,” started Grameen Bank in Bangladesh in 1983 with the goal of providing microloans to impoverished people to help them escape from poverty.  This approach to solving social problems through business turned heads, and in 2006, Yunus was awarded the Nobel Peace Prize for his work. 

Today, social innovation is a valued differentiator. In fact, consumers are four times more likely to trust a brand with a strong purpose.

Not only are consumers more apt to make socially responsible purchases, they’re also looking at the business sector to solve global problems. In a survey by Cone Communications, 78% of people wanted companies to address social justice issues and 63% of American consumers looked to businesses to take the lead on social and environmental change. 

Social innovation has transformed from a theory in the early 1980s to a response to social problems, leaving opportunity for you to make an enormous impact with your business degree. 

Social Entrepreneurship Examples

Since Yunus’s novel Grameen Bank, hundreds of socially driven companies have emerged. These companies tackle issues such as combating hunger, climate change and poverty. Here’s a list of companies born out of social entrepreneurship: 

  • TOMS is a shoe brand that made famous the “one for one” business model. For every shoe purchased, they gave a shoe away. Over the past 13 years, they’ve given nearly 100 million pairs of shoes to people in need.   
  • Misfit Foods aims to fight climate change by combining plant-based food solutions with meat. Their mission is to “meet people where they are by making a veggie-forward product that meat-lovers and meat-reducers can all get on board with.” 
  • GoldieBlox aims to balance the gender gap in STEM. The media and entertainment company “educates and empowers young girls through engaging content, fun toys and interesting resources on science and technology.”  
  • Ashoka believes that everyone is a changemaker. Their program “identifies and supports the world’s leading social entrepreneurs to help them realize their business and social impact aspirations.”  
  • Grameen Bank is the bank for the poor. They give out “suitable microloans” to people in financial need to get out of poverty.  
  • Better World Books believes in the “power of knowledge.” Every time you purchase a book from Better World Books, the company donates a book to someone in need.
  • The Big Issue aims to “dismantle poverty through providing opportunity.” The magazine offers employment opportunities to the homeless. 

Social Entrepreneurship Opportunities at Business Schools

Pursuing social entrepreneurship has tremendous payoffs. You can solve some of the world’s most pressing problems and win a Nobel Peace Prize, not to mention grow a tremendous amount of business success along the way. Feeling inspired? Here are some opportunities to pursue social entrepreneurship at business school: 

  • The Fuqua School of Business offers an MBA program with a concentration in social entrepreneurship through the Center for the Advancement of Social Entrepreneurship. Classes include impact investing and advanced avenues of social impact. 
  • The Wharton School offers an MBA/MSW partnership program with the Penn School of Social Policy and Practice. The center is home to the Schwartz Family Penn Impact Lab, a one-week program in Costa Rica accompanied by five months at the university for jumpstarting social projects. 
  • The University of Oxford offers three social entrepreneurship electives that go over international social entrepreneurship, innovation and design and development. It also offers fully-funded scholarships to candidates focused on social innovation. They also have an initiative solely for social innovation called the Skoll Centre for Social Entrepreneurship
  • Yale University offers the Program on Social Enterprise which discusses nonprofits, social enterprises and public sector social entrepreneurship. The program comes with optionality as you can study Global Social Entrepreneurship, Managing Social Enterprises, Urban Poverty and Economic Development. 
  • University of Michigan offers a number of classes through their Center for Social Impact. Some courses include Corporate Responsibility and Ethics, Advocacy and Social Change, and Social Entrepreneurship and Innovation. 

Business is changing for the better. A social consciousness has been inspired in board rooms across the world as social entrepreneurship has gained attention.

So, whether you’re set on abolishing poverty or getting carbon emissions down to net zero, your business degree can provide the education you need to tackle those global challenges. 

Sources: Cone Communications | Zeno Group | Nobel Peace Prize | The Meaning of “Social Entrepreneurship” | Global Entrepreneurship Monitor 

Infographic sources: Global Entrepreneurship Monitor | Zeno Group Strength of Purpose Study | Interbrand Best Global Brands | TOMS | Microcredit Summit Campaign | Forbes Most Innovative Companies | BetterWorldBooks Impact | Ashoka Impact | Deloitte | Misfit Foods Blog

The 30 Highest-Paying Remote Jobs in Business For 2021

Explosive Growth of Remote Work

According to 2018 American Community Service (ACS) data about 5 million American employees work remotely, a figure that amounts to roughly 3.6% of the American workforce. Experts originally estimated that remote work would gradually grow in popularity over the next few years, but the pressure placed on the workforce by the coronavirus sped up this timeline significantly. 

Of all the temporary chaos and upheaval brought about by the worldwide pandemic of 2020, the job market–specifically in regards to its handling of remote work–will likely never go back to the way it was. While admittedly relying heavily on estimation, recent projections suggest that by the end of 2021–just a year from the writing of this article–around 25-30% of the workforce will work from home multiple days a week. 

Building a Career around Remote Work

While current world events  may have driven many individuals to work remotely against their wishes, there is no denying how smooth the transition was for many others. Throughout the transition to remote work in response to quarantines and social distancing guidelines, many companies saw productivity rates stay the same and in some cases productivity even increased.

Some people are just more comfortable at home. And many workers have more control of their environment than they would at a cubicle at the office. Being comfortable allows one to maintain focus and ensure you have an ideal workspace to maintain high levels of productivity. But let’s face it–a large portion of people just like making good money from home. 

If you are one of the many people who got a taste of remote work and decided that there is no going back, then be prepared to make some career changes–as many career paths are more conducive to remote work than others. But don’t worry, we’ve done the leg work for you and have compiled a ranking of the highest paying remote jobs in business for the coming year of 2021.  

top paying remote jobs

30 Highest-Paying Remote Jobs in Business for 2021

  1. Chief Marketing Officer

Average Annual Earnings: $174,077

A chief marketing officer (CMO) is the figurehead of a company’s marketing operations, and their salaries reflect the seniority and prestige that comes with the title. A CMO directs all of the company’s marketing efforts. The CMO develops macro strategies of the overall direction of the brand or marketing effort of the company, creates a plan of action to bring this strategy to life in micro strategies and daily tasks, and then assigns these tasks to marketing employees. 

Marketing professionals are masters of technology and communication, and so it should be no surprise that there is likely no better career for remote work. Emails, phone calls, and video conferences are tools of the trade in marketing. It just so happens these are the tools of remote work as well. If you want a career that is not hindered whatsoever by remote work, then a marketing career might be the ideal choice. 

In fact, marketers might actually benefit from a commitment to remote work, as that keeps them flexible to pursue the type of work most important to their career goals. Particularly in the case of pursuing the CMO title, you will want to build knowledge and expertise in a specific area–and the flexibility of remote work gives you the ability to do just that. 

  1. Director of Growth

Average Annual Earnings: $160,000

The director of growth position is similar to that of the CMO but without the singular focus on marketing efforts. That is, a director of growth is tasked with measuring the effectiveness of big-picture strategies and daily operations that are most conducive to a company’s growth and success. As such the growth director will work closely with marketing teams to ensure marketing efforts are bringing a return on investment, but they will also work with other departments as well.

In other words, a growth director is a professional business person whose expertise allows critical assessment of a company’s efforts–be they marketing, product development, or human resources. Because of this, a growth director is required to have extensive expertise in all the various components of business operations. 

While this job varies drastically depending on the organization, the fundamentals of this role are ideal for remote work. As long as the growth director is able to communicate effectively with the necessary members of the company, much of the director’s responsibilities can be met by conducting performance reviews and analyses of data–that in most cases can be sent from anywhere. 

  1. Full Stack Developer

Average Annual Earnings: $131,591

A full stack developer is a software developer or engineer who is able to take on both front-end and back-end development. In other words, a full stack engineer is able to tackle all the responsibilities of developing a website or application, while still being able to participate in high-level strategizing, planning, and optimization. In order to achieve this kind of flexibility, one needs to master more than a few programming languages including more basic languages like HTML and more complex like languages like C++. 

Given the broad range of skills required in full stack development, job roles will differ drastically depending on the industry you choose to work in, and the direction of web or app development you choose to specialize in. 

But regardless of these choices, the full workload of the full stack developer can be completed entirely while working remotely. Essentially anywhere that has an internet connection and allows you to take your work computer will work as an office for a programmer. 

  1. Financial Manager

Average Annual Earnings: $127,990

A financial manager is a professional charged with monitoring a company’s financial wellbeing. Financial managers oversee daily operations and development strategies meant to correct any financial risk factors or simply to improve the bottomline. Given that nearly every conceivable activity of a company is connected in some way to its money, financial managers are interdisciplinary professionals who problem solve in a wide array of contexts. 

These professionals direct a company’s investment efforts, conduct budget and performance reviews, and present plans for financial optimization. While a financial manager must be experienced with business in general, the bulk of their daily responsibilities are made up of statistical calculations, data analytics, and project management. 

While a financial manager might need to make trips to company headquarters relatively often, the majority of work can be completed remotely. Some financial managers might never need to step foot in the company building to do their job successfully. 

  1. Data Scientist

Average Annual Earnings: $122,901

Data scientists are researchers are researchers by nature and problem solvers by trade. In the modern world of Big Data, there are very few problems that cannot be explained or resolved entirely by the data available to us. Data scientists are the professionals tasked with seeking out said data, creating a strategy for collecting it, and then presenting it in an intuitive manner. 

GIven these responsibilities, data scientists are interested in any tool, application, or technique which contributes to the finding, collecting, or organizing of data. Because of this many data scientists have expertise in programming, software engineering, and graphical design (as developing ways to present data effectively is often as important as anything else).

Given that the primary professional focus of the data scientist is data, these professionals are able to work wherever they please so long as they can access the tools and information needed. Even before the developments of the global pandemic, it was not uncommon for data scientists to hold jobs in another state while working remotely or at a company branch. 

  1. Project Management

Average Annual Earnings: $116,000

Project management is the field of bringing ideas to life, and giving them form in actionable business plans. Project managers oversee projects of varying size–from the development of a new company product or service, to the development of a new company branch across the country. Whether overseeing plans big or small, a project manager is responsible for ensuring smooth culmination of them.

Project management will appear to be an entirely different career in the software industry than project management in the restaurant industry. For this reason, to become a qualified project manager you will need to develop experience in your desired industry, and will be expected to excel at both communication, business strategy, and business management tasks. 

The real necessity of a project manager’s daily workload is to have an open line of communication with the company members and any employees working on the project of interest. Project managers must be plugged in to the progress and events of a project, which in today’s world of ubiquitous technology can be satisfied through sophisticated use of communication tools and messaging apps.

  1. Investor

Average Annual Earnings: $112,130

Professional investors are experts of the financial and business sectors. They have carved out a career by making their money do the heavy lifting, whether by investing in business opportunities or traditional investments such as those in the stock market. Some investors specialize entirely in stock trades, and focus on making their earnings through day trading efforts and consulting services. 

Others investors focus more on the private sector, and invest in small businesses, real estate, or startups. Investors like these make their money from the returns on their business investments, and might incorporate investment consulting or financial advice into their wheelhouse.  

A career in investment is a career in flexibility–in that one chooses where to invest time just as they choose where to invest money. As long as you are financially mobile and have access to all the modern devices of communication, you should be able to create a career in investment that is independent of any one work location. 

  1. Consultant

Average Annual Earnings: $110,816

Consultants are professionals who rely on superior skill or expert level knowledge to act as advisors to those in need of that skill or knowledge. Consultants work in virtually any industry, but the most successful consultants are those specialize in a very specific area of industry or focal point of business. Some common areas of consulting are in marketing, business legality, and industrial-occupational psychology. 

Consultants gravitate towards these areas because they represent markets of expert-level knowledge that are of universal appeal to any business. Many consultants have found success in carving out a path based on their unique interests, but a necessary requirement of a career in consulting is having clients to consult–so just work to ensure that you have knowledge and skill of high value to as many people or business interests as possible. 

A consultant is a remote worker by nature. Their work is wherever their client is, but the work of consulting itself can be conducted from anywhere with a phone and an internet connection. With this in mind, the field of consulting is an ideal choice for anyone looking to build a lucrative career while working entirely from remote locations. 

  1. Front End Developer

Average Annual Earnings: $109,929

As opposed to a fullstack developer who focuses on both front-end and back-end development, a front-end developer focuses almost exclusively on the former. Front-end development refers to the “client-side” of the development process, that is, the building of the various web or application features with which the client/user will interact. 

The distinction between front-end development and back-end becomes increasingly blurry as the general public becomes more tech-savvy and programming software becomes accessible. That being said, specializing in front-end development is a great well to build the kind of expertise valued by employers. 

 Like other programming careers on this list, a front-end developer is someone who can do their work anywhere in the world so long as he or she has a work computer and an internet connection.

  1. Product Management

Average Annual Earnings: $109,000

Product management is the professional role of a manager who has taken responsibility for the design, development, and promotion of a company’s product. A product manager creates the strategy behind product features and the branding themes of product design. Product management represents a more narrow focus of project management–the only project of concern to these professionals is the successful launch and performance of the product to which they are assigned. 

Product managers usually have robust backgrounds in the target industry of their products with skills in branding and marketing, business management, and finance. Given the seemingly infinite number of products in our world, it should be no surprise that the specific requirements and compensation of this position hinges entirely on the employing company and industry of the product.

Much like other positions on this list, product managers represent a relatively high rank in corporate hierarchy, that is, their focus is to create plans, strategies, and schedules, and to manage the teams associated with the product. These managerial responsibilities can be carried out remotely in many cases, and even in more demanding situations would likely only require intermittent returns to company grounds. 

  1. Actuary

Average Annual Earnings: $102,880

Actuary scientists are professionals who employ advanced mathematical and statistical techniques to assist in risk mitigation, performance analysis, and operations assistance. In some cases, a company might have several hindrances to productivity that can only be revealed through in-depth multivariate analysis of actuary science. Actuary scientists employ their expertise in an array of industries, but are typically most sought after of industries of size and complexity. 

In other words the larger and more complex an industry or company is, the more variables and interactions there are for a data scientist to explore and the more room there is for optimization. But the level of knowledge and mathematical expertise required to do this job effectively is only learned in advanced schooling and actuarial credentialing procedures. 

If you are willing to commit the time and effort to necessary schooling, you can build an actuary science career as a remote worker. Working remotely might mean that actuary consulting jobs are more readily available, but there is almost no locational requirements for an actuary to do their job effectively. 

  1. Mathematician

Average Annual Earnings: $101,900

Mathematicians work as in-house experts, researchers, consultants and educators in order to create positive change in various industries. The role and responsibilities of a mathematician will depend largely on the chosen focus of their career with the most stark contrast being between the paths of the educator and the consultant of the private sector. 

While mathematics educators attempt to pass on their knowledge and to cultivate expertise in others, however consultant mathematicians rely on their own expertise to solve others’ problems and provide guidance. While similar in role to a business-minded actuary scientist, a mathematician focuses more on prescriptive data modeling. That is, while actuarial science employs investigative data analysis to discover new problems, mathematicians are usually employed to model or solve existing problems. 

Because the mathematician’s tool of the trade is his mind and computational tools, working remotely should be no hindrance at all. While some teaching positions might require residency near the school, there should be an abundance of remote work opportunities in the private sector. 

  1. Executive Coach

Average Annual Earnings: $99,113

Executive coaches work with both company executives and high-potential workers to bring their self-actualization and career trajectory to the next level. These coaches help their clients develop a stronger sense of self-awareness through setting goals and creating healthier routines in daily work. 

In many cases, executive coaches specialize in an area of business–such as coaching executives in the software industry, logistics industry, or working specifically with sales executives. While specializing might narrow your professional focus to a smaller group of opportunities, it lends itself well to executive coaching remotely. 

As a remote working executive coach you can coach clients all around the country from the comfort of your home office or work environment of choice. By opening yourself up to short-term opportunities not limited by your location, you should be able to build a strong career from wherever you choose to coach.

  1. Engineering Research Manager

Average Annual Earnings: $92,943

Engineering research managers are professionals who fill the role of both managing teams of engineers and overseeing research efforts. Large scale engineering projects that employ groups of engineers are extremely complex, and to complete such projects successfully there is usually a tremendous amount of research and concept-checking that must be accomplished. Zoning laws, soil science, and structural physics are common areas of research for engineering researchers. 

Large engineering firms might employ many engineering research teams and managers on a single large project or spread across several smaller projects. Likewise engineering research might be outsourced to an engineering research firm depending on the scale of the project and research required. 

As long as engineering researcher managers have the necessary access to databases, project specifications, and open lines of communication with their research teams, they should have no problem working mostly from a remote location.

  1. UX/UI Designer

Average Annual Earnings: $91,500

A UX/UI designer is a design professional who holds expertise in product and website development that facilitates both a positive user experience (UX) and an intuitive user interface (UI). If you have ever used a product that was just totally nonsensical in its design, the product makers may have skimped on hiring a UX designer. And if you have ever visited a website that was confusing in its menus and layout, then the site creator might not have had any UI experience. 

While these two roles are totally different in essence, the responsibilities are commonly combined into one job as a UX/UI designer. Many designers however, choose to focus on either UX or UI in order in order to develop a more specialized skill set and take on more demanding projects. 

And as long as you have access to the internet and open communication with your employing company, you should find plenty of UX/UI work that can be completed remotely. 

  1. Statistician

Average Annual Earnings: $87,780

A statistician is a professional scientist who specializes in developing predictive models, performance projections, and risk assessments from data sets. In today’s age of Big Data, almost all business relies on statistical data sets in one way or another. 

Statisticians explore available data trends in order to establish a narrative of value to their employer. Investigative stats work usually takes a prescriptive or descriptive approach–where prescriptive approach involves looking for a predefined variable or trend in data, while a descriptive approach looks to establish a new variable or trend in data. 

Regardless of chosen specialty, statisticians work almost exclusively with numbers, programs, and databases–meaning that they will have no trouble adapting to remote work format. 

  1. Financial Analyst

Average Annual Earnings: $85,660

Sometimes the impact of a current event might have totally unforeseen consequences on a business, and it is the job of the financial analyst to predict these consequences and suggest solutions. In other words, a financial analyst is a professional role assigned to experts who inform a company’s financial decision making process through conducting deep analysis of the variables that impact business operations. 

The exact responsibilities of a financial analyst will heavily depend on the specific job and the context of its industry. High level financial analysts have developed an expertise of business within a certain industry, but also have a strong knowledge of world economics and current business climates. These professionals work in corporate offices, in financial analyst firms, or as private practicing analysts. 

While many companies may be willing to adapt to a financial analyst who works remotely, building a private practice as a consulting analyst is your best bet to insure that you can work from wherever you want without problems. 

  1. Day Trader

Average Annual Earnings: $80,081

Day traders are entrepreneurial professionals who dedicate their careers to mastering the ebbs and flows of the stock market. What distinguishes the day trader from other stock market professionals, is the focus on intraday exchanges. That is, a day trader buys and sells financial assets within a given day so that all positions are set by the time the market closes at the end of the day. 

As one might imagine, earning potential in day trading is extremely high–with some day traders making millions each year. This immense potential for profit however, is balanced by an intrinsic risk associated with the stock market. Mitigating this risk with skill and market knowledge is the true pursuit of the day trader. 

Day trading is among the most well-suited jobs for remote work, as all you need to work is a computer or phone and access to trading software. It should be noted however that day traders rely heavily on information exchanges, which might require proximity to investment groups or business centers. 

  1. Data Analyst

Average Annual Earnings: $75,547

In the world of 2020 and beyond, the power of data–known as Big Data in the tech industry–to influence the direction of industry grows rapidly year after year. Data science is the field of using this data to incite an increase in productivity and efficiency, and data analysts are professionals tasked with carrying out this responsibility in a business environment. 

Data analysts usually employ programming expertise to collect, organize, and analyze complex data sets. The successful completion of their task represents a win-win for both business and consumers. As data analysts increase productivity and efficiency, millions of dollars are saved and are passed on to the consumer in the form of more affordable products and services. 

  1. Landlord

Average Annual Earnings: $73,659

If you have ever rented a house, then you are familiar with the role of the landlord. Landlords own property such as lands or housing and then lease out that property to a leasor. Professional landlords are experts of real estate, and in many cases hold multiple properties as a kind of real estate investment business. 

These professionals monitor real estate markets to find business opportunities, such as apartments that can be fixed up and rented out or houses that can be split into duplexes. As such, creative problem solving and business know-how are crucial dispensations for a landlord. 

Landlords can outsource virtually every task of property management if they so wish, meaning that landlords often hold rental properties around the country–and around the world for that matter. This means the job of landlord will be of interest to anyone looking to work remotely in real estate. 

  1. Business Development Manager

Average Annual Earnings: $73,000

Business development is the field of striving for a company’s increased yield, productivity, and efficiency. Business development managers work interdepartmentally to create new strategies for business optimization, and to ensure existing strategies are being executed effectively. 

Business development managers often hold extensive backgrounds within a specific industry, or hold a bachelor’s or master’s degree. Whether building this expertise in the workforce or in school, specialization is key as it conveys the clout necessary to effectively direct teams toward beneficial tasks. The effectiveness of a business development manager is measured in how well they are able to hit performance benchmarks and how well they can lead business operations. 

By virtue of traditional policies, some company’s management positions will require at least a proximity to company grounds. However as a business development manager in private practice, you can provide your skills to any company looking to outsource the position while working remotely. 

  1. Web Based Business Owner

Average Annual Earnings: $73,000

Web based business owners are entrepreneurs who invest in online infrastructure the way real estate developers invest in property. Web based business owners usually develop a digital or physical product and participate in e-commerce, marketing, or consulting. 

Much like business ownership in general, the exact responsibilities and accompanying expertise of this role will depend entirely on the chosen business project. Online business owners however, do generally benefit from at least some web development knowledge as well as industry-specific expertise. This can be developed either in the workplace or through a business oriented degree program.

This career can be successfully conducted entirely from a remote location so long as you have an internet connection. Though some business-related responsibilities are likely to be more demanding than others. 

  1. Accountant

Average Annual Earnings: $70,500

As a business grows, so too does the red tape surrounding what must be done to legally and ethically monitor and record such growth through transaction receipts, spending reports and tax summaries, and payroll. Many business owners attempt to take these responsibilities on themselves before discovering that it is a fulltime job. 

An accountant takes over a set of the fiscal responsibilities of a business, and either works in-house, with an accounting firm, or as a private accountant. The most common responsibilities of a certified public accountant is to prepare taxes, conduct financial reports, and develop budgets. Some schooling is required to become an accountant. 

One your accounting career gains momentum you can leverage all of the modern communication tools and financial report apps to work with clients remotely. Many accounting firms however, will require its employed accountants to make regular office visits to pick up physical copies of files and reports. 

  1. Web Developer

Average Annual Earnings: $69,855

Web developers are to the internet what real estate developers are to real estate. As such, these front-end developers focus their careers on building websites from the bottom-up, and usually excel with knowledge in web-programming languages such HTML and JAVA. 

The extent and value of opportunities available to a web developer will depend on the level of their programming expertise, their design portfolio, and any further specialization they may have–such as building out ecommerce sites, databases, or UX/UI functionalities.

Web developers can complete their professional responsibilities from anywhere so long as they have their computer and an internet connection. 

  1. Loan Officer

Average Annual Earnings: $68,937

Loan officers work with clients to establish whether they are applicable to receive a loan, and if so, to establish the terms of the loan. As a necessary step in this process, loan officers connect clients’ credit scores with spending history and overall financial wellbeing in order to create a mutually fair loan agreement. 

Loan officers can find employment at banks, credit unions, or work with outsourcing agencies. The latter two options usually allow loan officers to work remotely, since virtually all of their responsibilities can be performed online by pulling data from company databases and client files. 

  1. Health Coaching Business

Average Annual Earnings: $60,000

As sciences glean more data on what is important to human health, there has arisen a need for professionals to aid individuals in putting the data into practice. Health coaches work with clients in-person or online in order to establish goals and a plan for reaching those goals, incorporating elements of nutrition, sports medicine, and psychology. 

The daily routine of the modern day human can be extremely taxing to our physical and mental faculties. So whether someone wishes to combat an existing health challenge, to increase productivity, or simply to increase overall levels of wellbeing, health coaches are being sought out with increasing frequency. 

Prospective health coaches can focus on building a physical business based on in-person interaction, or focus on building an online coaching business. Or they can offer a combination of services which incorporate both approaches. 

  1. Market Research Analyst

Average Annual Earnings: $59,727

Market research analysts are business professionals who specialize in conducting high-value data queries pertaining to certain business dynamics or industry trends. These professionals are employed in a variety of environments in order to gleen helpful directives for their employing company from industry data.

For instance, a company launching a new product might employ a market research analyst to come up with a report detailing performance trends in competitors’ products. But the market research analyst must be skilled enough in research tools and analytic skills to investigate any topic important to employers. This usually requires some schooling and at least some programming knowledge to effectively use web scrapers, data mining programs, and analytics software. 

  1. Writer

Average Annual Earnings: $51,711

A professional writer is one who employs a mastery of language and communication skills in order to accomplish certain business objectives. This can mean writing at such a high level that your published work provides a financial return, such as professional bloggers or novelists. A professional writing career can also take the form of a more business-marketing oriented approach. 

That is, many writers specialize in content marketing, and use their writing skills to generate high quality written content for a client to use in marketing efforts. Many web business owners employ these copywriters to quickly build content to meet SEO goals or respond to trending topics. 

Regardless of the writer’s chosen path, as long as they have a means to write their job can be completed entirely online while working remotely. 

  1. Social Media Manager

Average Annual Earnings: $50,473

Social media management is a field of marketing with a relatively low barrier to entry. These professionals take over the responsibilities of running social media accounts for a company brand or individual influencer. In many cases this entails taking over content publishing, follower interaction, and promotion efforts. 

Because of this a background in marketing will be key in landing the best contracts. In order to build the necessary expertise you will want to participate in paid social media marketing, brand promotion, and community engagement/promotion. Many degree programs now offer the necessary curriculum for excelling in social media management. However these skill sets can also be cultivated outside of the classroom through strategic participation in related professional roles. 

A plus side to this profession is that you can complete your professional responsibilities completely online. And moreover, you can scale your earnings by taking over more client accounts as you become more efficient. 

  1. Voice Actor

Average Annual Earnings: $45,170

Voice acting is a popular side hustle and full-time career choice alike that has gained popularity during the pandemic. Because voice actors can record their voice work remotely to sell to clients online, it is an excellent career choice for anyone who is drawn to remote work. 

Voice acting as an industry is growing extremely fast, as the demand for work increases with the expansion of video game, audiobook, and anime film industries–all of which rely heavily on the work of many voice actors. 

Another strength of voice acting work is that it is receptive to amateurs and experts alike–companies cannot afford to pay pros to voice every line of background dialogue or short response, so there is a real demand for newcomers to the industry who are willing to work for less initially in order to build a professional portfolio of work. 

30 Best Automation Technology Tools to Level Up Your Business

What do Automation Technology Technology Tools offer?

If you run a small business–or a business of any size for that matter–then you will know just how many responsibilities fall on the shoulders of the business owner. Not only do business owners take responsibility for the day-to-day operations of their employees or partners, but they also act as the face of the business for their community of customers and followers. 

To do all these jobs at the highest level of performance is insanely demanding, which is why most (about 9 out of 10) startups fail in the first three years. Thankfully, technology is beginning to step up to the plate in offering solutions for the many responsibilities of business ownership. 

Automated Customer Engagement and Customer Service 

For example, the field of automation technology is the market of applications and software tools which can automate entire tasks that had previously been the responsibility of the business owner or employees. To give an example, many automation technology tools offer techniques for customer engagement and customer service. That is, these automation tools are able to employ artificial intelligence to answer questions or direct prospective customers to certain webpages, and some are even able to reach out to customers every so often to give a message from the owner or offer deals if they haven’t been to the business in a while. 

But that is only scratching the surface of what automation technology is really capable of, so let’s go through some of the best automation technology tools available that can really take your business to the next level. 

ubot studio alternative
  1. Zapier

https://zapier.com/

Zapier is revolutionizing automation technology through making possible automation functionalities which simply were not possible just a few years ago. It is what is known as a meta-tool. That is to say, Zapier functions by offering customers different low code process-routes of “zaps” and “triggers” that provide the framework for connecting any number of existing applications. The value of a meta tool is in its ability to make use of existing tools and create new uses for them as well, and Zapier is able to connect just about any app with any other app. So with this in mind, there is simply nothing better on the market right now than Zapier.  

As a business owner you might be interested in connecting your google calendar to certain behaviors on your banking or budgeting apps, or you might want to connect your Facebook automation apps with your booking software, so that you can offer deals to people on their birthdays automatically. The beauty of this kind of tool is that there are virtually endless possibilities and you really are only limited by your imagination. 

  1. Import IO

http://import.io/

Import IO is one of the fastest growing software companies in the country, and offers an integrated web tool. The tool offers low code data extraction that allows for data transforms on returned data, which makes it an excellent web scraping tool that excels at targeting and gathering data from both individual web pages and large groups of sites alike. 

This tool is an excellent option for any business that builds momentum from business analytics or other research efforts. With a web scraper like this one, you will be able to comb the internet for all the information you need on certain market queries. Such as, what kinds of deals are your competitors offering in other parts of the country? Or what are the most popular products on offer? 

  1. Robotic Process Automation

https://www.uipath.com/

Ever encounter a ridiculously monotonous task that just requires you to click through countless spreadsheets? With robotic process automation you can train the application to log into certain apps and then conduct some specific action or sequence of actions–like clicking data from a spreadsheet to a CRM application. 

If your business is one that relies heavily on the exchange or transformation of data, these kinds of tools are indispensable because they can save you so much time. Particularly if you are incorporating more automation technology in the backend of your business, you will likely find plenty of uses for this kind of tool. 

  1. Hey

https://hey.com/

If your business relies on email outreach and email marketing, or content-heavy email exchanges, or even if you simply manage a large contacts list then Hey is a great tool to consider. Its primary functionality is as an email filter, but its search and organization features are probably the most valuable. 

Hey allows you to quickly manage large groups of contacts and save data for each. While it may have been difficult to manage fifty emails a day, it suddenly becomes reasonable to deal with hundreds. This is primarily due to the feature that allows you to create ‘batch reactions’ to certain tags which you assign to individual contacts of types of contacts. 

  1. Leadfeeder

http://leadfeeder.com/

Leadfeeder offers a specific but valuable functionality–it allows you to see what companies are visiting your website. While this service certainly benefits B2B operations more than say a community-facing small business, it can deliver up leads nonetheless. 

The only downside of this application is that it is so focused on delivering on its promise of telling you which companies have ties to your web traffic, that it is unable to deliver much if any information on ‘who’ the individual is. Thus this application has a very niche market, but it is extremely valuable for any operation that generates leads off of company profiling. 

  1. Hunter

http://hunter.io/

Hunter’s premise is simple, it allows you to see the email addresses associated with a website or business. The uses for a tool like this are endless, but there is particular value for any business that is interested in lead generation opportunities. 

Hunter is also a very cost-effective option compared to services which offer virtually the same service but at a premium. While other tools might tie on more bells and whistles, Hunter provides an excellent foundation for anyone looking to automate an aspect of their lead generating efforts. 

  1. Postman

http://postman.com/

Postman offers invaluable technology for any individual or business interested in working with or developing new APIs. What is great about Postman is that it presents its tools within a graphical user interface (GUI) for developing an API so that you can do so without any coding knowhow. This also allows for the process to be shared between multiple users so that you can work on its features through a collaborative process. 

Postman empowers many small business operations that might not be able to afford hiring the technical experts that traditionally build APIs from the ground up. So if you are interested in developing API functionalities for your operation, definitely consider giving Postman a look. 

  1. Leadformly

https://leadformly.com/

If you run any form of digital advertisements then you are probably intimately familiar with running split-tests to optimize your call-to-action content and click funnels. Leadformy automates this process and promises to increase your lead generation, in some cases by a factor of 3 or more. 

This application is built to smooth out the process of designing click funnels, so that you build your call to action directly within Leadformly, which then tracks all engagement, projects ideal user profiles, and corrects your call to action accordingly. This can not only make you more money by generating more quality leads, but it can also save you a tremendous amount of time you would have otherwise spent conducting split tests to derive comparable but likely lesser information. 

  1. Brandmark

https://brandmark.io/

Brandmark offers a super unique service. By developing a proprietary AI that generates creative media elements, Brandmark offers a totally unique graphic design service for your branding needs. This tool can generate different creative elements based on your input, such as having to do with the mood, feel, or color scheme. 

So whether your business is built around such branding elements, or if you just need a quick and original design to get the ball rolling, Brandmark is an excellent option. In terms of linking within the context of a broader automation network, you could use this tool to automatically generate more graphically appealing content for your click funnels, or lead-generation content. 

  1. Intercom

http://intercom.io/

Intercom introduces a conversational aspect to each step of the customer experience, using both automated and direct-message options. This allows businesses to direct customers to ideal content, while keeping the customer satisfied and cared for–all without the headaches of an outsourced customer service agency. 

Intercom is an excellent tool for both small businesses and larger operations alike, given its incredible ability to scale–pretty much without limit–according to customer’s needs and/or the options available to them. Intercom and tools like it offer a basically mandatory service, now that most online retail spaces employ some kind of comparable feature. 

  1. Growbots

https://www.growbots.com//

Have you ever had the thought that if you could just keep your customers’ attention business would explode? Well, that’s the premise of Growbots. Through automated email outreach and algorithms for persuasive copy, Growbots aims to sustain your customers’ interest in what you have to offer. 

You will have as much control as you like over what is said, how it said, and when–or you can let the app pretty much run itself. It adjusts its behavior according to engagement metrics, so in the right context this tool can pay for itself many times over through increasingly effective customer engagement and retention. 

  1. Diffbot

http://diffbot.com/

Diffbot is the secret web data extraction tool of many marketing success stories–with a precrawled database about 50 times larger than that of Google’s, it is able to provide target data that other companies simply are not. Similar to Import IO, Diffbot functions primarily as web scraper, but distinguishes itself through a commitment to offering functionalities commiserate with the titanic scale of the internet, allowing web scraping operations of enormous proportions. 

As a web scraper, Diffbot empowers businesses to enhance lead data and create market research tools. So if you have questions that need answering, no matter how deep they might be, Diffbot is an excellent option. 

  1. SEmrush

http://semrush.com/

Digital marketing is an inevitable component of running a business successfully in 2020. SEmrush aims to make the process more streamlined and approachable for both amateur and veteran digital marketer alike. With SEmrush you can automate various parts of the digital marketer’s workload–from scheduling social media campaigns, to compiling site performance metric, as well as suggesting PPC optimizations. 

Even if you have not incorporated digital marketing efforts into your business, SEmrush might be the perfect tool to get you started. And even still, if you are uninterested in taking on more responsibility, you could pay for an experienced digital marketer to set this tool up for you so that all you have to do is maintain it.

  1. Buffer

https://buffer.com/

Buffer is a tool that doubles down on delivering social media marketing optimization tools, so that you can continually optimize your followers, track their engagement, and pinpoint areas of potential improvement. For example, Buffer will be able to analyze the most ideal spread of content for your followers and when is the best time to engage them. Most businesses have social media accounts that contribute to the bottomline of their business operation, but some businesses are realizing that you can run businesses almost entirely through social media. 

The beauty of a tool like Buffer is that no matter where you fall on that spectrum, it can offer some level of optimization that can benefit you–most of which will be enough to pay for the cost of the tool. In other words, Buffer is one of those awesome tools that will likely pay for itself in no time. 

  1. Hubspot

http://hubspot.com/

Hubspot offers a wealth of all-in-one CRM services that are designed to not only help you generate leads, but how to turn leads into customers that you keep. Hubspot accomplishes this by offering a toolset of lead generation, automated email outreach, and automated targeting optimization.

With a tool like Hubspot, you can accomplish an astonishing number of tasks in marketing, customer service, and/or business management. As a business owner this is the ideal type of tool to help you take some responsibilities off your shoulders–while still growing and optimizing your business.  

  1. Twilio

https://www.twilio.com/

Twilio is the ultimate tool for incorporating various forms of customer communication into one application. With Twilio your customers can reach you through SMS text messages, automated phone calls, or through online chats supported by top tier AI. As the owner of the business you will be able to tailor this information to meet your standard of intent and the personality of your brand. 

A notorious challenge for new business owners is managing the expectations of both prospective and established customers alike, while also managing all the various day-to-day responsibilities of business. Twilio is an ideal tool to lessen the burden of this responsibility, while also increasing your ability to stay in contact with your community.  

  1. Chatfuel

https://chatfuel.com/

Sometimes all-in-one applications are overwhelming to those new to a certain kind of tool. Chatfuel aims to avoid this problem by specializing in a no-code chatbot with extensions for Facebook, Instagram, and Messenger. Chatfuel requires no coding experience and as such, is an excellent option for business owners who need to get a chatbot up and running quick and affordably.

While other tools might offer more in the way of features, services, and tangential offerings, Chatfuel’s focus on their no-code chatbot means that customers can expect customer service and sales reps who specialize in getting Chatfuel up and running for businesses quickly and affordably. 

  1. Botsify

https://botsify.com/

While Chatfuel focuses on ease of access without any reliance on coding, Botsify offers both elements–that is, ease of use and the option to dive into the backend code to customize functionalities. Botsify’s opening claim on its website is to drive 500% growth in ROI while automating 80% of customer support within 2 months. 

Botsify delivers on this claim through its AI working to gleen important information from individuals who visit your site, priming them to be handed off to a human customer support rep once all the major leg work is taken care of by the bot. This allows customer support reps to focus more on customer’s actual problems and less on lower level information exchange, which Botsify claims amounts to about 80% of the customer support’s workload. It stands to reason that if customer support can focus more time on the remaining 20% that quality of support for these remaining tasks will improve as well.  

  1. Ubot Studio

https://ubotstudio.com/site/

Ubot Studio offers one of the best tools for creating both low-code web browser bots and coder friendly functionalities. That is, you can fire up Ubot’s app and put your bots in action as either a beginner or expert coder. These bots are designed to automate virtually any task that occurs within a web browser, and as such, they are compatible with 99% of the websites on the web. 

With a tool like Ubot, you are really only limited by your imagination. You can automate web scraping protocols, create various real time data pipelines and automate the analysis and refinement process, or you can simply automate basic tasks of typing or clicking that you find cumbersome. With such an impressive range of functionality coupled with both beginner-friendly low code options and more in-depth programming options, Ubot is an excellent tool for any business that relies on the interwebs. 

  1. Pandora Bots

https://home.pandorabots.com/home.html

Pandora Bots looks to add a level of fidelity in its chatbot AI that is meant to preserve a human element of flexibility and give the conversations a more natural feel to them. In other words, Pandora Bots adds ‘small talk’ to the AI chatbot industry, which is an excellent addition for any business whose brand relies on a grounded humanistic approach. 

Through a library of more than 10,000 snippets of small talk, your chat bot will be capable of engaging customers on a level previously unattainable by AI communications. Moreover Pandora Bots offers various connectors for APIs and DBs according to the primary intent of your business communications. 

  1. Buzzsumo

https://buzzsumo.com/

Have you ever wondered how some marketing companies always manage to hit every trending topic, incorporating it into their marketing efforts? Buzzsumo is one of the tools that makes this kind of clairvoyance possible. This tool provides an aggregate review of trending topics through all major social media platforms, and then provides a number of data analysis options to filter which topics are most relevant to your business. 

Similarly, Buzzsumo provides the tools for exploring which demographics are interacting with which trending topics. This further empowers any marketing efforts to not only stay on top of trends, but how to stay on top of the right trends in the context of customer interests and brand following.  

  1. Quora

https://www.quora.com/

Quora’s mission is simple–to bring knowledge from those who have it to those who need it. Quora allows experts to answer questions on a range of topics. So broad, in fact, that if you can think of it, then it has probably been discussed on Quora. As a tool for business owners Quora can be used to enhance an audience by answering questions on the network, or to pay for sponsored answers on specific questions. 

In the modern day, information exchange is as important as any other performance vector. As such, Quora gives businesses an excellent pipeline for either conducting research, enhancing an audience, or priming certain topics–all of which contribute to lead generation. 

  1. Integromat

https://www.integromat.com/en

Integromat’s tagline is that they are ‘the glue of the internet,” a claim which is backed up by its unparalleled functionalities across all activities that take place on the internet. Integromat works essentially like an open-sourced Zapier, but requires a little technical know-how accordingly. 

Integromat offers direct support for the most popular apps and services on the web, and thanks to HTTP/SOAP and JSON modules, can connect virtually any of the web services conducted on the interwebs today. In short, Integromat gives you the tools to automate as much of your life as you wish. For business owners Integromat is an excellent tool for someone with more coding knowhow, who can make use of the ridiculously flexible functionalities on offer. 

  1. Automate

https://automate.io/

Automate functions as an easily accessible app-connector much like Zapier, but without the potentially overwhelming number of possibilities. Automate creates automated task chains in order to streamline marketing, sales, and business process automation without the need for technical know-how required in similar apps of deeper complexity. 

Automate is an excellent option for businesses looking to dip their toes into automation, who are not quite ready to take on the level of behemoth functionality offered in comparative Zapier-likes. The simplicity of this tool is a major pro for anyone looking to get started in automation who doesn’t have coding experience. 

  1. Microsoft Flow

https://flow.microsoft.com/en-us/

Microsoft Flow is another Zapier alternative that looks to tackle the complexity of some of the more complex options without sacrificing intuitive user interfaces and simplicity of design. In other words, with Microsoft Flow you can set up complex automation chains that would have otherwise required at least some level of coding expertise. 

Microsoft Flow may be the best option for businesses who want to carry out complex and multifaceted layers of automation, but who do have coding expertise or experience working with these types of tasks. In this way, Microsoft Flow has created a perfect niche of beginner accessibility for automation tasks of intermediate-to-advanced level complexity. 

  1. Workato

https://www.workato.com/

Workato looks to deliver on the same niche as Microsoft Flow, that is, Workato also offers a tremendously vast array of workflow automation functionalities delivered through a low-code platform. Workato also looks to combat the technical expertise required to successfully use its tools by offeringing a surprisingly robust list of community recipes–many of which are packaged in easy to use instructions. 

Through the combination of intuitive and an active and helpful community, Workato is an excellent alternative to any of the Zapier-likes mentioned in this ranking. Workato’s tagline is “automate the work out of everything,” which is something you can truly accomplish with its offerings. 

  1. IFTTT

https://ifttt.com/

IFTTT offers a Zapier alternative that connects over 600 popular applications and services. Do you want your porch light to turn on when an Uber pulls up? Do you want your alexa to record and announce Google calendar events? IFTTT offers a swath of services that are not just beneficial to the businessperson, they are helpful to anyone looking to automate various aspects of modern life. 

For this reason, IFTTT is an excellent option for businesses who want an all-in-one app connector that they can benefit from in both their business efforts and their daily routines at home or in the car. Like Workato, IFTTT maintains a very active and helpful community that consistently posts guides and FAQs on how to set up various automation sequence chains. 

  1. LeadsBridge

https://leadsbridge.com/

LeadsBridge offers a compact and user-friendly CRM integration tool that will aid your business in analysing ROA of advertisement campaigns and other digital marketing efforts. As a business owner, it is crucial that every penny spent is going towards building towards performance goals and growth benchmarks. Leadsbridge is designed to ensure that money spent on digital marketing is accomplishing what it needs to. 

So whether you are a digital marketer yourself or you want a tool to guarantee you are getting your money’s worth, LeadsBridge is a great option. Given that it provides enough functionality to give even an amatuer digital marketer a relatively wide safety net, this app might be the perfect option for a business owner to take over digital marketing efforts for the first time. 

  1. Cloud HQ

https://www.cloudhq.net/

Cloud HQ is another Zapier alternative that differentiates itself through a unique and potentially game-changing feature, that is, the ability to pull-in past events in the automation chain. Zapier and most of its kind are only able to add triggers for new or current events in the sequence, which can be hindersome if you are wishing to incorporate information retroactively. 

Cloud HQ also offers over 60 prepackaged productivity apps to aid business owners in various tasks in email, marketing, and business operations. There is a special emphasis placed on email productivity apps–from labelers, to trackers, and automation bots. The combination of these features make Cloud HQ an excellent tool for automation.  

  1. ActionDesk

https://www.actiondesk.io/

If you are looking for an app connector like Cloud HQ but are intimidated by its cost or find some of its services extraneous, then ActionDesk might be the perfect alternative. ActionDesk also allows for the inclusion of triggers using historical data, allowing for sequence chains to incorporate data retroactively–a task which Zapier and similar apps are not able to directly accomplish. 

While ActionDesk might not offer a wealth of tangential offerings, it is a powerful app connector at a very attractive price. For this reason it might be the perfect option for someone who wants to tinker around with automation before committing to some of the more complex and demanding tools on the market. 

The 10 Best Locations For International Business

There’s a whole world of business opportunities out there, literally. For those willing to reach outside of their comfort zones and confront business problems on an international level, there are opportunities to grow businesses an order of magnitude bigger than in any one domestic sphere. More than that, foreign investment is the main driving force of International economy. Beyond that, it’s simply interesting to take a look at some of the fastest growing economies in a world. For those who are already in business, or looking to obtain a degree in international business, there’s a lot one can learn from the most thriving economies in the world. Here at GreatBusinessSchools we’ve taken a look at the top hundred economies in the world and compared them according to a number of metrics: how skilled the workforce is, how high quality the infrastructure is, economic predictability, attractive tax measures, and good connectivity with international markets.

For your convenience, we have compiled a list of the 10 best destinations for international business.

1 – Singapore

best countries for international business

To stay on top of the ever-changing economic landscape, Singapore has invested heavily in upgrading its infrastructure and connectivity. In fact, the Republic ranked as the top logistics spot in the world according to the World Bank, putting Singapore at the forefront of supply chain solutions in today’s global market. The country is also recognized for having a very strong infrastructure, global and regional high-speed connectivity, and is one of the most networked economies in the world. Singapore is also business-driven and offers a business-friendly regulatory environment in order to attract global businesses. Finally, 53 percent of the population holds a Bachelor’s degree or above and Singapore has two major universities, assuring the presence of a qualified workforce and educated clientele.

Singapore is known for being a key player in the area of Biomedical Sciences, Tourism, Logistics, Construction, Finance, Health Care, Info-Communications, and Media, and as a main chemical development and manufacturing hub worldwide. Additionally, as an established IT hub, it already attracts global players in the media industry such as Twitter and Netflix, among others, and has formed countless foreign business partnerships. Receptivity to international partnerships greatly facilitates operations in the country. Moreover, the government launched Smart Nation, a program promoting the use of technology and cloud computing within private industry to create data analytics, cyber security, design, and more. In fact, the government is behind many decisions promoting a shift toward a high-tech economy founded on diverse industries ranging from education, gaming, sports, and lifestyle to finance.

2 – Sweden

Investing in Sweden sounds like a good venture since the country excels and competes at the highest international level. In fact, Sweden is one of the most productive nations in the world and also a leader in innovation, ranking #1 in Europe. The Swedish infrastructure and construction sector is booming as the country is investing 64 billion euros in roads, railways, and metro expansions, and 150 billion euros will be spent on new housing and offices between now and 2030. This in turn is creating major opportunities for contractors and there is currently a need for international expertise, as well as for innovation and investment from foreign firms. Sweden is also home to 6 of the top Global Universities, so it is not surprising that it has one of the highest educated workforces in the world. Additionally, 47.2% of the population holds a Bachelor’s degree or higher, and Swedish people are known for their work ethic and sophisticated consumer taste.

Major industries include Automotive and Transportation Technology, Information Technology, Communications, Pharmaceuticals, Green Technology, and, of course, tourism. Sweden hosts over 30 of the 500 largest companies in Europe, and many international information technology companies like Microsoft and Intel have elected Sweden as a base for their European operations. Starting a venture in Sweden is an easy process, and the country offers economic and political stability, a well-performing economy, and has the highest manufacturing productivity in Europe. Additionally, regulatory frameworks are outright and transparent, and, comparatively, the corporate tax rate is low, making Sweden a business-friendly environment. Not surprisingly, Forbes has recognized Sweden among the top five best countries in which to do business.

3 – Canada

As a dynamic, multicultural center, Canada offers a welcoming business environment to foreign investors, and major incentives for business development. The country has experienced remarkable growth due to a diversified economy, low business tax costs, judicious fiscal management, and financial regulations. Moreover, a sound banking system, a stable workforce, and a business climate that encourages entrepreneurship and innovation are all predictors of profitability. Canada also ranks highly in terms of quality of life and hosts six of the top 200 global universities. Additionally, technology is opening up endless possibilities in terms of business ventures and is an important driving force behind the country’s recent infrastructure improvements. Finally, Canada possesses a highly educated workforce with 60.6% of the population having completed post-secondary education.

Canada is a country that drives tremendous amounts of innovation and growth, thus, presenting significant levels of opportunities for strategic foreign investment in sectors like Oil & Gas Field Services, Construction, Marketing & Media Software Publishing, Financial Technology, Virtual and Augmented reality, and Medical Marijuana. Additionally, marijuana production is federallyegulated and medical use is legal nationwide, creating opportunities for support companies from transporters, growth capital sources, and industry consultants, to the tech space. According to the World Bank, Canada offers foreign investors preferential market access through NAFTA and EU partnerships, and immigration policies have recently changed to become more advantageous for foreign investors.

4 – Australia

Australia is increasingly gaining attention from foreign investors due to a strong economy (the world’s 13th largest, in fact), a strategic geographic location that is close to emerging Asian markets, political stability, and a flexible regulatory environment. Australia offers high levels of innovation investment and a world-class information and communication technology infrastructure. Indeed, because of a vibrant economy, immigration into Australia is on the rise and with this expansion has come an improvement in large-scale infrastructure. In particular, the construction , civil engineering, and transportation sectors have seen major activity. Additionally, the government welcomes foreign organizations to enter the infrastructure development market in order to increase competition. Australia is also home to world-class research institutions. In fact, the country hosts eight of the top 200 Global Universities and 49.3% of the nation has completed tertiary education.

Australia’s workforce is among the most skilled in the world and employment in knowledge-intensive services is one of the highest in the world. Australia offers distinct advantages due to its richness in natural resources making it an attractive option as an investment destination. Agricultural Production, Resources & Energy, Financial Services, Biotechnology, Education, and Tourism are among the main sectors for entrepreneurship. The Finance sector is currently one of the country’s key areas of growth–particularly fund management, payment systems, and retail banking.

Australia’s strong record of innovation, commercial focus, and globally collaborative approach make it an ideal environment for international organizations to enter joint or standalone ventures.

5 – Switzerland

Switzerland is one of the top 10 wealthiest countries in the world and home to some of the world’s top multinational companies, such as pharmaceutical major league players, and the largest food and beverage company–Nestle. Due to its advantageous geographic location, Switzerland offers easy access by land and a well-developed automotive infrastructure network for international trade. Switzerland is also one of the world’s most advanced countries in terms of research and development and provides the opportunity to attend some of the world’s most renowned universities (seven of the top 200 global institutions are located in Switzerland). Additionally, the literacy rate is 99% and 48.8% of the population hold a bachelor’s degree or above. Additionally, a highly educated and multilingual workforce offers potential investors the choice of employing multilingual workers. In short, the country offers many business advantages: a good geographical location, firstate infrastructure, and a highly qualified and diverse workforce.

Switzerland has long been recognized as an investment safe-haven and, due to its neutral political state, it has maintained a strong and stable economy over the years. Banking is one of the most important industries there but other sectors are attracting foreign entrepreneurs as well. For instance, other key economic sectors include Tourism, Information Technology, and Pharmaceuticals, as well as new industries like the Bio- and Nano-technologies. Among developed countries, Switzerland offers one of the lowest taxation rates, a very low inflation rate, and provides investors with many tax incentives, such as generous interest rates. For foreign investors interested in doing business in Switzerland, the government has initiated the Swiss “one-stop-shop” program, which is a service that provides helpful resources and helps investors connect with their desired field of activity. A strong and stable economy as well as many tax incentives make Switzerland an appealing destination for investors.

6 – United States

The United States has long been a top investment destination and consistently ranks among the best internationally for its competitiveness, innovation, and ease of doing business. While infrastructure quality is inconsistent across the country, upcoming strategic infrastructure projects worth $450 billion are scheduled for the near future. The U.S. is also home to 63 of the top 200 global universities and while 47,5 population hold a bachelor degree or higher, the country hosts one of the most productive workforces in the world.

Some of the advantages include a business-friendly environment, open markets, and a high quality of life. The United States is known for promoting and encouraging free enterprise, competition, and economic growth. Indeed, the U.S. offers the world’s largest consumer market, and a market-driven and transparent economy. Moreover, regulatory environments offer great operational freedom, making the process of forming a business simple and straightforward. Major industries in the United States include Energy, Manufacturing, Transportation, Healthcare, and Agriculture, Financial Services, IT, and Telecommunications. Reasons for foreign entrepreneurs to invest in the U.S. include risk diversification, efficiency of financial markets, and strong corporate governance. Other factors may include geographic convenience, and a common business language of English.

7 – Netherlands

Excellent business infrastructure makes Holland the perfect place for high-tech industries to flourish. Businesses can benefit from a first-class logistics infrastructure that include airports, seaports, high-speed roads, rail, and IT connectivity. Holland is also known for providing world-class education and is home to 12 research universities, and 8 university medical centers. Notably, 45.2% of the population holds at least a bachelor’s degree. On top of an educated and highly trained workforce, 90% of the Dutch population speaks English–a major incentive for international corporations.

Top industries include life sciences and clinical research, which, in turn, contributes greatly to business expansion and productivity. In fact, the country ranks among the Top 10 in life science and healthcare patents worldwide. The country’s open corporate business culture, transparent government, competitive tax structure, and strategic location on the North Sea have attracted major corporations over the years. For instance, heavyweights like Shell, Heineken, and IKEA all have headquarters in the Netherlands. Holland is also a leading supplier of chemical products and services. Other key industries include agrifood, information technology, high tech innovation, and aerospace. New regulations allow foreign entrepreneurs to apply for a temporary residence permit for the Netherlands. Competitive tax measures, a strategic geographical location, and being one of the most wired countries in the world make the Netherlands a hotspot for international investors.

8 – United Kingdom

The United Kingdom is a leading force in terms of foreign investment in Europe. Also a world leader in innovation and research, it is home to 33 of the Top 200 best global universities. The U.K. also maintains the 2nd largest workforce in the EU and 52% of the population is educated at the bachelor’s level or above. Perks of operating in the U.K. include flexible labor laws, low labor costs and high returns, world-class transportation systems, a strong communication network, and, of course, the fact that English–the language of business–is the main language there.

Internationally competitive tax measures, a stable political climate, and regulatory environments that offer transparency are very beneficial for the United Kingdom’s business environment. Not only does the UK offer a relatively low 20% Corporation Tax Rate, but companies may get a 100% deduction for Research & Development costs, which incentivizes innovation. Additionally, opening a business in the UK is extremely easy, (it only takes 48 hours to register a company and 13 days to establish a business in the UK, according to the World Bank). The UK also happens to have the fewest barriers to entrepreneurship in the world. For instance, most companies based in the UK do not pay Corporation Tax on foreign dividends. The country is recognized worldwide as a major player in finance and banking, but other key industries include information technology, construction, service, oil and gas, healthcare, education and administration, manufacturing, and government.

9 – Germany

Germany is Europe’s leading economy and largest market, and, as such, has long been a top destination for foreign investors. Germany offers a first-class transportation system and a superior energy and communications infrastructure, ensuring a direct and efficient way to do business. Due to low unemployment rates, consumer spending is extremely stable, and a first-class infrastructure and central location have all contributed to making Germany the largest consumer market in Europe. Germany hosts 22 universities that rank on the Top 200 Best Global University list and 30.5% of the population hold a bachelor’s degree or higher.

As a world leader in innovation, Germany’s high-tech sector is one of the major industries and one backed by billions of euros in federal funds yearly. Other highly performing industries include automotive, aerospace, chemical, consumers industries, and corporate industries. Over the years, the Federal Government has significantly lowered corporate taxes and also offers many tax incentives at all stages of the investment process.

10 – Luxembourg

Although last on our list, Luxembourg ranks extremely high in terms of global economic dynamism. International studies on the competitiveness of countries consistently rank Luxembourg among the top. The government offers a pro-business environment and promotes diversification within the financial marketplace, which are both attractive factors to foreign investors. In terms of education, Luxembourg hosts a major global university–an internationally-focused, research-oriented institution–the University of Luxembourg. Notably, over 51% of the population has a tertiary-level education. Furthermore, Luxembourg offers state-of-the-art logistics infrastructures for transport and communication–a sector of the economy that is actively supported by government initiatives. Luxembourg has long been recognized as a prime business location and an international financial center.

Due to its political and economic stability, specialized and multilingual workforce, state-of-the-art infrastructure, excellent connectivity to global markets, favorable legal environment, and attractive tax laws, Luxembourg offers a wide range of assets and opportunities for doing business in the EU. In order to encourage business, the Luxembourg Government offers many incentives like capital investment subsidies, reduced tax rates, deferred corporate tax payment schedules, equipment financing, and financial assistance to entrepreneurs. The government also supports investments that are technology-based and that contribute to the development of innovation. Besides the technology sector, other key industries to invest in include manufacturing, financial, services, tourism, and e-commerce.

Foreign investment is the main driving force of international economy. Not only do you need an economic environment that is conducive to your activity, when investing abroad, you also need a skilled workforce, high quality infrastructures, economic predictability, attractive tax measures, and good connectivity with international markets.

For your convenience, we have compiled a list of the 10 best destinations for international business.

1 – Singapore

To stay on top of the ever-changing economic landscape, Singapore has invested heavily in upgrading its infrastructure and connectivity. In fact, the Republic ranked as the top logistics spot in the world according to the World Bank, putting Singapore at the forefront of supply chain solutions in today’s global market. The country is also recognized for having a very strong infrastructure, global and regional high-speed connectivity, and is one of the most networked economies in the world. Singapore is also business-driven and offers a business-friendly regulatory environment in order to attract global businesses. Finally, 53 percent of the population holds a Bachelor’s degree or above and Singapore has two major universities, assuring the presence of a qualified workforce and educated clientele.

Singapore is known for being a key player in the area of Biomedical Sciences, Tourism, Logistics, Construction, Finance, Health Care, Info-Communications, and Media, and as a main chemical development and manufacturing hub worldwide. Additionally, as an established IT hub, it already attracts global players in the media industry such as Twitter and Netflix, among others, and has formed countless foreign business partnerships. Receptivity to international partnerships greatly facilitates operations in the country. Moreover, the government launched Smart Nation, a program promoting the use of technology and cloud computing within private industry to create data analytics, cyber security, design, and more. In fact, the government is behind many decisions promoting a shift toward a high-tech economy founded on diverse industries ranging from education, gaming, sports, and lifestyle to finance.

2 – Sweden

Investing in Sweden sounds like a good venture since the country excels and competes at the highest international level. In fact, Sweden is one of the most productive nations in the world and also a leader in innovation, ranking #1 in Europe. The Swedish infrastructure and construction sector is booming as the country is investing 64 billion euros in roads, railways, and metro expansions, and 150 billion euros will be spent on new housing and offices between now and 2030. This in turn is creating major opportunities for contractors and there is currently a need for international expertise, as well as for innovation and investment from foreign firms. Sweden is also home to 6 of the top Global Universities, so it is not surprising that it has one of the highest educated workforces in the world. Additionally, 47.2% of the population holds a Bachelor’s degree or higher, and Swedish people are known for their work ethic and sophisticated consumer taste.

Major industries include Automotive and Transportation Technology, Information Technology, Communications, Pharmaceuticals, Green Technology, and, of course, tourism. Sweden hosts over 30 of the 500 largest companies in Europe, and many international information technology companies like Microsoft and Intel have elected Sweden as a base for their European operations. Starting a venture in Sweden is an easy process, and the country offers economic and political stability, a well-performing economy, and has the highest manufacturing productivity in Europe. Additionally, regulatory frameworks are outright and transparent, and, comparatively, the corporate tax rate is low, making Sweden a business-friendly environment. Not surprisingly, Forbes has recognized Sweden among the top five best countries in which to do business.

3 – Canada

As a dynamic, multicultural center, Canada offers a welcoming business environment to foreign investors, and major incentives for business development. The country has experienced remarkable growth due to a diversified economy, low business tax costs, judicious fiscal management, and financial regulations. Moreover, a sound banking system, a stable workforce, and a business climate that encourages entrepreneurship and innovation are all predictors of profitability. Canada also ranks highly in terms of quality of life and hosts six of the top 200 global universities. Additionally, technology is opening up endless possibilities in terms of business ventures and is an important driving force behind the country’s recent infrastructure improvements. Finally, Canada possesses a highly educated workforce with 60.6% of the population having completed post-secondary education.

Canada is a country that drives tremendous amounts of innovation and growth, thus, presenting significant levels of opportunities for strategic foreign investment in sectors like Oil & Gas Field Services, Construction, Marketing & Media Software Publishing, Financial Technology, Virtual and Augmented reality, and Medical Marijuana. Additionally, marijuana production is federallyegulated and medical use is legal nationwide, creating opportunities for support companies from transporters, growth capital sources, and industry consultants, to the tech space. According to the World Bank, Canada offers foreign investors preferential market access through NAFTA and EU partnerships, and immigration policies have recently changed to become more advantageous for foreign investors.

4 – Australia

Australia is increasingly gaining attention from foreign investors due to a strong economy (the world’s 13th largest, in fact), a strategic geographic location that is close to emerging Asian markets, political stability, and a flexible regulatory environment. Australia offers high levels of innovation investment and a world-class information and communication technology infrastructure. Indeed, because of a vibrant economy, immigration into Australia is on the rise and with this expansion has come an improvement in large-scale infrastructure. In particular, the construction , civil engineering, and transportation sectors have seen major activity. Additionally, the government welcomes foreign organizations to enter the infrastructure development market in order to increase competition. Australia is also home to world-class research institutions. In fact, the country hosts eight of the top 200 Global Universities and 49.3% of the nation has completed tertiary education.

Australia’s workforce is among the most skilled in the world and employment in knowledge-intensive services is one of the highest in the world. Australia offers distinct advantages due to its richness in natural resources making it an attractive option as an investment destination. Agricultural Production, Resources & Energy, Financial Services, Biotechnology, Education, and Tourism are among the main sectors for entrepreneurship. The Finance sector is currently one of the country’s key areas of growth–particularly fund management, payment systems, and retail banking.

Australia’s strong record of innovation, commercial focus, and globally collaborative approach make it an ideal environment for international organizations to enter joint or standalone ventures.

5 – Switzerland

Switzerland is one of the top 10 wealthiest countries in the world and home to some of the world’s top multinational companies, such as pharmaceutical major league players, and the largest food and beverage company–Nestle. Due to its advantageous geographic location, Switzerland offers easy access by land and a well-developed automotive infrastructure network for international trade. Switzerland is also one of the world’s most advanced countries in terms of research and development and provides the opportunity to attend some of the world’s most renowned universities (seven of the top 200 global institutions are located in Switzerland). Additionally, the literacy rate is 99% and 48.8% of the population hold a bachelor’s degree or above. Additionally, a highly educated and multilingual workforce offers potential investors the choice of employing multilingual workers. In short, the country offers many business advantages: a good geographical location, firstate infrastructure, and a highly qualified and diverse workforce.

Switzerland has long been recognized as an investment safe-haven and, due to its neutral political state, it has maintained a strong and stable economy over the years. Banking is one of the most important industries there but other sectors are attracting foreign entrepreneurs as well. For instance, other key economic sectors include Tourism, Information Technology, and Pharmaceuticals, as well as new industries like the Bio- and Nano-technologies. Among developed countries, Switzerland offers one of the lowest taxation rates, a very low inflation rate, and provides investors with many tax incentives, such as generous interest rates. For foreign investors interested in doing business in Switzerland, the government has initiated the Swiss “one-stop-shop” program, which is a service that provides helpful resources and helps investors connect with their desired field of activity. A strong and stable economy as well as many tax incentives make Switzerland an appealing destination for investors.

6 – United States

The United States has long been a top investment destination and consistently ranks among the best internationally for its competitiveness, innovation, and ease of doing business. While infrastructure quality is inconsistent across the country, upcoming strategic infrastructure projects worth $450 billion are scheduled for the near future. The U.S. is also home to 63 of the top 200 global universities and while 47,5 population hold a bachelor degree or higher, the country hosts one of the most productive workforces in the world.

Some of the advantages include a business-friendly environment, open markets, and a high quality of life. The United States is known for promoting and encouraging free enterprise, competition, and economic growth. Indeed, the U.S. offers the world’s largest consumer market, and a market-driven and transparent economy. Moreover, regulatory environments offer great operational freedom, making the process of forming a business simple and straightforward. Major industries in the United States include Energy, Manufacturing, Transportation, Healthcare, and Agriculture, Financial Services, IT, and Telecommunications. Reasons for foreign entrepreneurs to invest in the U.S. include risk diversification, efficiency of financial markets, and strong corporate governance. Other factors may include geographic convenience, and a common business language of English.

7 – Netherlands

Excellent business infrastructure makes Holland the perfect place for high-tech industries to flourish. Businesses can benefit from a first-class logistics infrastructure that include airports, seaports, high-speed roads, rail, and IT connectivity. Holland is also known for providing world-class education and is home to 12 research universities, and 8 university medical centers. Notably, 45.2% of the population holds at least a bachelor’s degree. On top of an educated and highly trained workforce, 90% of the Dutch population speaks English–a major incentive for international corporations.

Top industries include life sciences and clinical research, which, in turn, contributes greatly to business expansion and productivity. In fact, the country ranks among the Top 10 in life science and healthcare patents worldwide. The country’s open corporate business culture, transparent government, competitive tax structure, and strategic location on the North Sea have attracted major corporations over the years. For instance, heavyweights like Shell, Heineken, and IKEA all have headquarters in the Netherlands. Holland is also a leading supplier of chemical products and services. Other key industries include agrifood, information technology, high tech innovation, and aerospace. New regulations allow foreign entrepreneurs to apply for a temporary residence permit for the Netherlands. Competitive tax measures, a strategic geographical location, and being one of the most wired countries in the world make the Netherlands a hotspot for international investors.

8 – United Kingdom

The United Kingdom is a leading force in terms of foreign investment in Europe. Also a world leader in innovation and research, it is home to 33 of the Top 200 best global universities. The U.K. also maintains the 2nd largest workforce in the EU and 52% of the population is educated at the bachelor’s level or above. Perks of operating in the U.K. include flexible labor laws, low labor costs and high returns, world-class transportation systems, a strong communication network, and, of course, the fact that English–the language of business–is the main language there.

Internationally competitive tax measures, a stable political climate, and regulatory environments that offer transparency are very beneficial for the United Kingdom’s business environment. Not only does the UK offer a relatively low 20% Corporation Tax Rate, but companies may get a 100% deduction for Research & Development costs, which incentivizes innovation. Additionally, opening a business in the UK is extremely easy, (it only takes 48 hours to register a company and 13 days to establish a business in the UK, according to the World Bank). The UK also happens to have the fewest barriers to entrepreneurship in the world. For instance, most companies based in the UK do not pay Corporation Tax on foreign dividends. The country is recognized worldwide as a major player in finance and banking, but other key industries include information technology, construction, service, oil and gas, healthcare, education and administration, manufacturing, and government.

9 – Germany

Germany is Europe’s leading economy and largest market, and, as such, has long been a top destination for foreign investors. Germany offers a first-class transportation system and a superior energy and communications infrastructure, ensuring a direct and efficient way to do business. Due to low unemployment rates, consumer spending is extremely stable, and a first-class infrastructure and central location have all contributed to making Germany the largest consumer market in Europe. Germany hosts 22 universities that rank on the Top 200 Best Global University list and 30.5% of the population hold a bachelor’s degree or higher.

As a world leader in innovation, Germany’s high-tech sector is one of the major industries and one backed by billions of euros in federal funds yearly. Other highly performing industries include automotive, aerospace, chemical, consumers industries, and corporate industries. Over the years, the Federal Government has significantly lowered corporate taxes and also offers many tax incentives at all stages of the investment process.

10 – Luxembourg

Although last on our list, Luxembourg ranks extremely high in terms of global economic dynamism. International studies on the competitiveness of countries consistently rank Luxembourg among the top. The government offers a pro-business environment and promotes diversification within the financial marketplace, which are both attractive factors to foreign investors. In terms of education, Luxembourg hosts a major global university–an internationally-focused, research-oriented institution–the University of Luxembourg. Notably, over 51% of the population has a tertiary-level education. Furthermore, Luxembourg offers state-of-the-art logistics infrastructures for transport and communication–a sector of the economy that is actively supported by government initiatives. Luxembourg has long been recognized as a prime business location and an international financial center.

Due to its political and economic stability, specialized and multilingual workforce, state-of-the-art infrastructure, excellent connectivity to global markets, favorable legal environment, and attractive tax laws, Luxembourg offers a wide range of assets and opportunities for doing business in the EU. In order to encourage business, the Luxembourg Government offers many incentives like capital investment subsidies, reduced tax rates, deferred corporate tax payment schedules, equipment financing, and financial assistance to entrepreneurs. The government also supports investments that are technology-based and that contribute to the development of innovation. Besides the technology sector, other key industries to invest in include manufacturing, financial, services, tourism, and e-commerce.

What Makes an International Destination Business Friendly?


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A: The global economy and the digital era have reshaped business opportunities, whether they be educational, financial, or in networking and building organizations from the ground up. Now you can run a business in a foreign country remotely, or with the help of people you rarely if ever see in person. Given the disparate regulatory (and deregulatory) policies of countries around the world, and the access to different markets they allow, it behooves business leaders to carefully consider what destination is most business friendly. International business involves lots of moving parts, and must work within different confines while taking advantage of opportunities that are tricky to suss out. Countries do many things to attract international investment, and not all of them are beneficial to the countries, or the international community.

International Business Destinations might not be where you’d expect. Take Alabama for example. In 2014, over $1 billion in direct foreign investment was pumped into the state, and it saw a 115% increase in exports between 2004 and 2014. At a time when American manufacturing struggled across the country, Alabama’s automotive manufacturing industry flourished through foreign investments from Mercedes-Benz, Hyundai, Honda and Airbus. In 2012 it set production records, and has a strong supplier infrastructure, respected training programs, wide and efficient transportation network and continued success with top auto manufacturers. It also has a low corporate tax rate in comparison with many other states. Other key exports from Alabama now include industrial machines, minerals, iron and steel, plastics, chemicals, and aircraft and aircraft parts.

One way countries attract global business is through their corporate tax rates, which fluctuate massively throughout the world. It might seem logical to offer lower corporate tax rates to be business friendly, and many countries do so. In December 2016, CNN wrote about work Oxfam researchers did studying the Netherlands, Switzerland, Singapore, Luxembourg, Bermuda, Cayman Islands and Ireland’s corporate tax rates, and the damage they do to the international community. By keeping corporate taxes so low, Oxfam found these countries were “starving countries out of billions of dollars needed to tackle poverty and inequality.” They found the cuts in corporate tax resulted in massive cuts to public spending, or taxing poorer people. However, the strategy worked, with Oxfam saying 90% of the world’s biggest companies were involved in at least one tax haven. Sometimes, larger regulatory bodies force international destinations that would like to be business friendly to go against their wishes. Ireland was recently ordered by the European Union to recover €13 billion in unpaid taxes from Apple. Companies have also been targeted more directly, like Starbucks, which was told to pay back €30 million it avoided paying in taxes due to a deal with the Netherlands. Countries also incentivize international business investment and production through cutting safety regulations, workers rights and other restrictions that prevent multinational businesses from making maximum profit.

The international communications technology explosion has lowered delivery costs and allowed instantaneous access to far larger consumer pools much the way transportation developments lowered costs in the previous two centuries. Arranging business processes across borders with ease has made many international destinations appealing, strictly by being emerging, untapped markets for products that can reach them with remote cooperation and minimum cost. Now a country can enter existing supply chains that want their participation instead of building them in order to attract interest and investment from global businesses.

To get a better understanding of global business, you might consider an International MBA or Global MBA. International and Global MBAs are MBA programs that focus on international political economies, foreign languages and culture through a diverse student body and course materials that prepare students for multinational business ventures. They also often take place in other countries, or on multiple campuses across continents, to give students real world experience with fluctuating regulations, business practices and cultures to prepare them to wreak havoc on the market once they graduate. Some IMBA programs require students to participate in one or two international experiences. Classes in Global MBA and International MBA programs often include financial management analysis, financial accounting, marketing for international managers and international economy and business. These programs prepare students to work in education, government, finance and multinational corporations, and focus on giving them the tools they’d need to do so wherever they please. International MBA programs are often less expensive than traditional American MBAs, and can take only one year as opposed to the American standard of two. Here’s a list of top International Business Schools to help start your search. It prizes schools that develop graduates for careers in global sales, marketing, and financial management, ranking programs based on their unique features and affordability.

What Are The Best Government Jobs You Can Get With A Business Degree?

Students pursuing a degree in Business have a variety of options for employment when entering the work force after graduation. While the private sector has plenty to offer, opting for a government job has the benefit of job security in an unsure market and often government positions offer competitive pay in comparison to private sector jobs. Since a Business Degree covers a broad spectrum of fields, students who graduate with a Business Degree often have a wide variety of skills to offer, providing them a range of options for government work.

best government jobs

Accounting

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What Career Can I Expect With an MBA?

what can you do with an mba

The answer to “What can I do with an MBA Business Masters Degree?” is fairly simple, as with an MBA, you can not only increase your income, but obtain promotions or a position in a career you have always dreamed of having. An MBA opens many doors and offers considerable possibilities for career enhancement that are not available to those who do not hold an MBA.

Increased Earning Potential

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Do You Need A Business Degree To Run Your Own Business?

Many people dream of one day owning their own business. They believe they have the intelligence, moxie, drive and social skills needed to run all aspects of a successful start-up. But what may make the decision to jump into the entrepreneurial pool harder is the issue of the college degree, as in “do you need a business degree to run your own business?”

According to the Princeton Review, Business Administration is the most popular college major in the United States. Schools such as the University of Tampa and Baylor University even offer degree programs that specifically focus on the issues of entrepreneurship. On the surface, it seems as if a business degree is the major key to becoming a successful entrepreneur.
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What’s The Best Degree For Becoming An Entrepreneur?

There are many roles to a successful career as an entrepreneur. In fact, several successful business men and women have never even received a college degree; they simply had a brilliant idea that they were able to follow through on.

However, those who would like to get a solid educational foundation to inform their success have a few good options. This leaves many students wondering, what’s the best degree for becoming an entrepreneur? Here are some of the best degrees to pursue before starting an entrepreneurial path.

Business Degree

A business degree is the obvious choice for most entrepreneurs. A business degree deals with many aspects of being an entrepreneur. It teaches the student how to communicate effectively, how to see and provide for needs in the market, and how to find and pursue opportunities. Business degree programs touch on aspects of finance, psychology, and other relevant fields. While a business bachelor’s degree can be somewhat vague on each topic, an MBA forces students to delve deeply into the issues and develop their skill set. Many people are dead set on choosing a business degree or MBA before becoming an entrepreneur because it gives such a wellounded preparation. However, those who want to learn more deeply about a single side of entrepreneurship might choose a different degree program, such as the ones below.

Marketing

A marketing degree or another creative degree could definitely be helpful for a budding entrepreneur. Since so much of becoming successful as an entrepreneur depends on the way you present yourself, creative students have a leg up on the competition. Entrepreneurs with marketing degrees are able to promote their products and services more effectively, and they will gain more attention from the start than some of their other cohorts. Since there are so many budding entrepreneurs these days, there are plenty of good ideas that go unnoticed. When marketing or arts students package their ideas effectively, they are able to gain recognition quickly.

Psychology

A big part of becoming a successful entrepreneur is understanding people. For this reason, a psychology degree could come in handy for a hopeful entrepreneur. An entrepreneur encounters many people each day, including clients, potential partners, employees, and others that he or she must work with. An entrepreneur needs to be persuasive and comvince others to follow his or her ideas. An entrepreneur must also win people over; the path to success is much shorter when others are looking after you and actively trying to help you. For this reason, psychology degrees can be helpful. Courses in decision making, personality psychology, and business or industrial psychology may be particularly helpful. You may especially want to choose a degree program in industrial/organizational psychology; this field offers entrepreneurs a good amount of insight into how to run and organize an effective business model with all of the human complications that occur.

Finance

Money is obviously an important part of an entrepreneur’s life. There is no one to account for an entrepreneur’s financial success except for himself or herself. When an entrepreneur is savvy about managing the finances of a project, cutting corners where necessary, and expanding the budget in areas that have proved profitable, the business can go much further. For this reason, those who are great at analyzing numbers and patterns are successful entrepreneurs. A degree in finance can help you master this aspect of running a project. While this degree may miss some of the other important aspects of becoming an entrepreneur, it certainly gives you a solid background in handling one of the more notoriously tricky aspects of creating entrepreneurial success.

Communications

A degree in communications is an excellent choice for an entrepreneur. The nature of this work demands that you communicate effectively with people from all walks of life. Since you will be the one coming up with the big ideas, you won’t be able to convey these effectively to others unless you have the necessary aptitude for communication. Getting others on the same page as you will be key in making sure your project develops in the direction that you want it to go. Specific skills that you may gain in a communications degree program include public speaking, negotiation, reconciling miscommunications, and the effective use of various communication platforms including social media.

IT Degrees

With an ever increasing reliance on computers to get our work done, an entrepreneur with an IT degree will be ahead of the game. Many of the most profitable and successful new business ideas revolve around the technology industry, so an individual with a strong background in computing and IT will have an advantage in coming up with useful new services and products. There are plenty of internet tools and technologies that can make the life of an entrepreneur easier, from social networking platforms to accounting software. An entrepreneur with a strong IT background can best take advantage of these technologies to make life easier. Aside from this, an IT degree is one of the most solid degrees to fall back on in case an entrepreneurial idea doesn’t work out.

There is no right answer when it comes to choosing a degree for entrepreneurial work. Aspects of many disciplines are helpful to entrepreneurs, and the variety of the work is specifically what appeals to many aspiring entrepreneurs. The choices of degrees above will allow you to develop on the path to becoming an entrepreneur, but they are by no means the only solutions. For more examples of how to apply various degrees to an entrepreneurial role, visit the following site: http://teach.ceoblognation.com/2013/01/31/best-degrees-for-entrepreneurs-answers/

Career Outlook For MBA’s

Once upon a time, a graduate from a Master’s of Business Administration program could write an employment ticket anywhere. Times have changed. MBA programs have exploded in enrollment to such a degree that graduates might think the degree has lost some of its professional cachet. More likely, however, the facts of the 21st century economy are forcing companies to consolidate, downsize and impose myriad efficiencies that eliminate jobs altogether. As the overall pool of available positions continues to shrink, MBA holders must be that much more resourceful and assertive when applying for jobs. Without these qualities, they will have difficulty distinguishing themselves from the growing competition.
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The Highest Paying Jobs For Business Majors

The United States is indisputably focused on the purposes and benefits of businesses within the grand scheme of the economy. Even with the economic hardships, the U.S. is one of the strongest economies in the world. This is a trend that doesn’t appear to be abandoning us soon. Businesses and the individuals who maintain them are some of the most valued individuals in the entire nation. They are ubiquitously recognized as the gears that allow the economic machine to churn. These individuals, from the accounting managers to the entrepreneurs, are invaluable to the United State’s well-being.

It should come as no surprise then that a study by the National Center for Education Statistics has released that business majors are amongst the most popular in college. In fact, in the 2009-2010 school year, the vast majority of people pursued business majors. Business majors aren’t limited to a specific field and are often taught the skills to run their own enterprises or be valuable members of a business team. It has proven to be a practical degree that offers a number of different possible career choices. Each of the top careers offers its own unique benefits. From average salaries to highest potential income possible, these careers offer the best for prospective business majors.
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How Much Do Business Majors Make?

Business administration is a broad type of college degree, whereby students who pursue business administration have the option of choosing a concentration from a wide variety majors. The differences in degree majors typically correspond to the industries and careers that students pursue upon obtaining their degrees. Most business administration students pursue a bachelor’s degree before entering the workforce in their specific specialties, while others continue to advance their education and pursue master’s degrees in business administration. The salary level for business degree graduates, in general corresponds to their levels of education in the field of business as well as the differences in the individuals’ work experience in different job industries. According to Simply Hired, the average salary for business administration jobs is currently $59,000.

Employers adjust the compensation of business degree graduates based upon the job description and level of autonomy that is unique to each job. The average salaries for different jobs may include the base pay and benefits. However, the actual salaries for various types of jobs will vary based upon the amount of overtime pay for each individual in addition to bonus payments and profit sharing.

average salaries for business majors
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