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Top 6 Career Pathways with Attractive Salaries for Business Students

Are you considering a business degree, but not sure which career path would be suitable for you? Here’s a list of the top 6 career pathways for business graduates with their average salaries in UAE* to help you make the best decision!

1. Actuary 

An actuary is the business professional who analyzes the financial costs of risk and uncertainty. An actuary uses mathematics, statistics, and financial theory to evaluate and predict the risk of potential events, and helps companies and clients develop the necessary policies to minimize the cost of that risk

Actuaries work at insurance companies, investment firms, consulting companies, banks, government organizations, and many other places. If you’re considering this career, your IDP Education counsellor can help you find the best universities for actuarial studies in Australia, the UK, Ireland, USA, Canada and New Zealand.

Average Actuary Salary/ Year: AED 307,226

Most Popular Career Paths for Actuary: Actuarial Assistant, Actuarial Analyst, Senior Actuarial Analyst, Actuarial Manager

2. Financial Analyst

Financial analysts guide businesses and individuals in making the best investment decisions. They are the money wizards; they analyze information from stock markets and investment portfolios, evaluate data from financial statements and come up with the best investments plans. Financial analysts work in banks, brokerage companies, funds, insurance companies and many other businesses.

To become a financial analyst, you’ll need to have a bachelor’s degree in accounting, economics, finance, statistics, or mathematics. Check out with your IDP Education counsellor how to apply for these fields.

Average Financial Analyst Salary/Year:

  • Entry- level Financial Analyst:  AED 135,304
  • Experienced Financial Analyst: AED 223,054

Most Popular Career Paths for Financial Analyst: Financial Analyst, Financial Controller, Finance Manager, Finance Director, Chief Financial Officer (CFO)

3. Management consultant

If you have strong problem-solving skills and an interest to help companies perform better, then you should consider a management consultant job. Management consultants work at consultancy firms, which provide their services across all areas of business.

As a management consultant, you need to have a high level of business acumen, so a degree in business will benefit you greatly. Many management consultants choose to obtain a post-graduate degree in business, such as an MBA. Discuss the best options for your MBA degree with your IDP counsellor.

Average Management Consultant Salary/Year: AED 242,409

Most Popular Career Paths for Management Consultant: Business Analyst, Associate Business Consultant, Engagement Manager, Partner or Director

4. Accountant

Accountants have a vital role in any company, be it a big, multinational, governmental organization or a small independent business. Accountants review financial records, prepare financial reports, provide managers with financial information to help them make informed decisions. They also ensure that taxes are paid properly and on time.

To work as an accountant, you’ll need to obtain a bachelor’s degree in business, with an Accounting Major from a university or college. After that, you can also seek to become a certified accountant, which will give you a competitive edge in the marketplace. Your IDP counsellor can advise you on the best universities to study your Accounting Bachelor’s and the best career prospects for you.

Average Accountant Salary/ Year:

  • Entry-level Accountant: AED 55,692
  • Experienced Accountant: AED 125,000

Most Popular Career Paths for Accountant: General Accountant, Senior Accountant, Financial Controller, Finance Manager, Accounting Manager, Chief Financial Officer (CFO)

5. Marketing Specialist/ Market Research Analyst

A marketing specialist, also known as market research analyst, is the business professional who studies market conditions to help companies figure out what sells. They guide companies to know what products people want, gaps in the market, what type of people buy what products and at what price.

A marketing specialist should have strong math and analytical skills, critical thinking and attention to details. These are the key skills you are likely to gain while studying your business degree. Ask your IDP Education counsellor about the best business courses for marketing specialist jobs.

Average Marketing Specialist Salary/ Year: AED 125,813

Most Popular Career Paths for Marketing Specialist: Market Analyst, Marketing Team Leader, Marketing Manager

6. Human Resources Specialist

Human resources (HR) specialists recruit, screen, interview, and place workers. According to BLS, human resources specialists often handle other human resources work, such as those related to employee relations, compensation and benefits, and training.

If you’re seeking a job as an HR specialist, you’ll need a bachelor’s degree in business with a minor in human resources. A postgraduate degree may also be required based on the HR job you’re seeking Discuss with your IDP Education counsellor the right study options for HR jobs.

Average Human Resources Specialist Salary/ Year:

  • Entry-level HR Specialist: AED 157,856
  • Experienced HR Specialist: AED 229,263

Most Popular Career Paths for HR Specialist: HR Generalist, HR Assistant, Recruiter, HR Manager, Training and Development Manager, Director of Human Resources

Made up your mind?

Let us help you start your education journey at the right place. Contact your IDP counsellor now.

*Source: PayScale data as in Feb 2019.

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