Business

Best Minors for Business Majors | 25 Most Popular Minor Subjects

You may choose business majors between many areas of study in business. The best business studies include everything from social network analysis to international development. In a capitalist world, everything becomes business. You are not limited because you can choose anything. All this depends on your learning perspectives. In this guide, I will discuss the 10 best minors for business majors.

You will learn best if you choose a subject that interests you. Do something you enjoy that doesn’t put extra pressure on you but satisfies your thirst for knowledge. Many undergraduate students choose one of the many non-business courses to complete the 60 credits, while others choose a minor. The following courses are the most popular among business students.

Best Minors for Business Majors

Here are the top 25 minors for business majors:

  • Accounting
  • Marketing
  • Finance
  • Taxation
  • Project Management
  • Human Resources Management
  • Industrial Production Management
  • Operations Management and Supervision
  • Construction management
  • Hotel management
  • Management Science
  • Entrepreneurship
  • E-Commerce
  • Business Administration
  • Management Analysts
  • Investments and Securities
  • Data analysis
  • Health Administration
  • Industrial production
  • Organizational leadership
  • Stock Analysis
  • Political science
  • Consumer psychology
  • Information technology (IT)
  • International affairs

Accounting

Accounting is regarded as one of the finest minors for business majors. This is the process of documenting financial transactions linked to a firm. These transactions are collected, examined, and reported to oversight organizations, regulatory bodies, and tax collecting organizations as part of the accounting process.

A company’s activities, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a brief overview of financial events across an accounting period.

Average salary: The average salary for an accountant is $53,715 per year.

Projected growth: 8%

Courses to take:

  • Course for ACCA Exam Preparation.
  • A bookkeeping course.
  • Strategic Professional Course from ACCA.
  • A course in financial accounting.
  • Advanced Professional Technical Course in Accounting and Taxation.

Marketing

Marketing describes a business’s actions to encourage purchasing or to sell a product or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates do some marketing on behalf of a business.

Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include:

  • Celebrity endorsements.
  • Distinctive slogans or taglines.
  • Eye-catching packaging or graphic designs.
  • General media exposure.

Average salary: $140,000 a year

Projected growth: 10%

Courses to take:

  • Computer programs.
  • Economics.
  • Business Introduction.
  • Marketing.
  • Statistics and probability.
  • Psychology.

Finance

There are several job pathways in the vast topic of finance. Your days could be devoted to a single person’s budget, a large business, or perhaps a division of your local government. Whatever path you choose, your career will be devoted to assisting others in achieving financial success.

You will examine financial data to assist individuals or organizations in making the best financial choices possible. You will also provide advice on how to make their financial conditions better.

Average salary: $93,664 per year

Projected growth: 6%

Courses to take:

  • CFA designation (Chartered Financial Analyst).
  • Certification as a Certified Public Accountant (CPA).
  • The CAIA (Chartered Alternative Investment Analyst) title.
  • The title of Certified Financial Planner (CFP).
  • Certification as a Financial Risk Manager (FRM).
  • Taxation

Taxation

Taxes are an essential reality of life that impacts every individual, business, and institution. Everyone desires somebody else to do the paperwork to reduce their tax liability. That’s where tax experts can help.

The details of tax, or compliance, are the associated paperwork. One important aspect of compliance is completing and timely filing your client’s tax return by the law. Depending on your area of expertise, you could do computations, bookkeeping, and paperwork for tasks like creating family trusts or estate planning. As you start your job, you may anticipate concentrating on compliance as you get the hang of things.

Average salary: $46,860

Projected growth: 3.71%

Courses to take:

  • A certificate in accounting and auditing.
  • Accounting Postgraduate Diploma.
  • A degree in taxation.
  • A tax and company law diploma.
  • Advanced Diploma in Taxation & Financial Accounting.
  • Advanced Taxation Diploma.
  • Postgraduate Tax Management Program.

Project Management

The role of project management in business has always been crucial, and its significance is only growing. 87.7 million people will be needed by companies to fill project management-related jobs by 2027. Almost 15% more worldwide firms now have a project management office to assist this growing requirement than in 2007. The employment prospects for professionals with project management abilities are improving.

Average salary: $77162 per year

Projected growth: 20%

Courses to take:

  • Master Project Manager (MPM)
  • Project Management Professional 
  • Project Management Expert
  • Project management for ACP

Human Resources Management

Every company aspires to find, engage, and retain competent workers while placing them in positions that best fit them. Human resources managers manage the administrative operations of human resources departments to achieve this goal.

Their duties include managing employee relations, ensuring legal compliance, and managing employee-related services, including payroll, benefits administration, and training. They ensure that assignments are executed properly and on schedule by supervising the department’s experts and supporting employees.

To discuss difficulties with the corporate overall planning and talent management, human resources managers also meet with senior executives. They pinpoint strategies for maximizing the company’s personnel’s contribution and ensuring they are used as effectively as possible. For instance, they can evaluate employee productivity and suggest reorganizing the business to better fulfil financial objectives.

Average salary: $98,820 per year

Growth anticipated: 9%

Courses to take:

  • Information management master’s degree. 
  • Master of Science in Information Management
  • A master’s degree in human resource management. 
  • Master of Science in Information Management
  • Human Resource Management Graduate Certificate
  • Human Resource Management Master of Science.

Industrial Production Management

Industrial production managers are responsible for managing manufacturing and allied facilities. They design, organize and oversee the processes required to make various items, including automobiles, computers, and paper goods.

Depending on its scale, industrial production directors may be in charge of the whole factory or simply one department. They are in charge of implementing quality control procedures to guarantee that the completed product satisfies a certain standard of quality.

They often choose from various standards-based manufacturing industry programs like ISO 9000 or Six Sigma. These tools support managers in identifying product flaws, pinpointing their root causes, and fixing the issue that caused them. For instance, a manager could find that components from an external source are to blame for a failure. The management may then collaborate with the supplier to improve the component quality.

Average salary: $76,456 per year

Projected growth: 6%

Courses to take:

  • Training for Certified Production Manager
  • Operations and Production in Manufacturing
  • A graduate degree in production management
  • Production control
  • Graduate Certificate in Production and Operation Management

Operations Management and Supervision

The day-to-day operations of businesses and organizations must be coordinated and led in a fast-paced, cutthroat industry called operations management and supervision.

You will be a key team member as an operations manager or supervisor. Also, you may be in charge of everything, from recruiting and training staff to buy supplies and implementing new rules, depending on the business. You may also be responsible for managing budgets and information systems.

Average salary: $116,090 per year

Projected growth: 8%

Courses to take:

  • Production Control.
  • Project administration.
  • Enterprise Resource Planning.
  • Operations Analysis.
  • Inventory management.

Construction management

A construction manager is a specialist who supervises the development of industrial, commercial, and residential constructions. They may collaborate with other managers, concentrating on certain components or parts of each project while taking part in all stages, from planning to the conclusion.

Working with architects, surveyors, and other building experts in planning and delivery, you will manage the practical aspects of each step of the construction.

Additionally, you’ll oversee and control a variety of tasks on a building site and ensure that all workers and contractors are according to a predetermined plan to make progress. You can be in charge of a substantial portion of a complicated, multifaceted project or the whole site.

Average salary: $97,180 yearly.

Projected growth: 10%

Courses to take:

  • Master Track in Construction Engineering and Management
  • BIM-enhanced MSc in construction management.
  • Compliance and Ethics in Construction.
  • Infrastructure and Project Financing.
  • Management of construction quality.
  • Procurement and Contract Management

Hotel Management

A hotel manager oversees a hotel’s daily operations and personnel. Hotel managers oversee staff members and planning, marketing, organising, and managing hotel services, including food and lodging options. The proper operation of each hotel environment component is the hotel manager’s responsibility.

Average salary: $55,088 per year

Projected growth: 12%

Courses to take:

  • Production Control.
  • Project administration.
  • Planning your enterprise resources.
  • Operations Analysis.
  • Inventory management.

Management Science

The study of choice and problem-solving in organizations is known as management science. It may be compared to the scientific method applied to management, giving managers the ability to decide on matters affecting an organization’s performance. For instance, healthcare institutions may use management science to decide which information systems they need and airlines to arrange employees and aircraft.

Management science is crucial because it aids businesses in identifying problems they must resolve, streamlining management processes, using resources better, and creating strategies for attaining objectives.

Average salary: $69,110

Projected growth: 9%

Courses to take:

  • Product Management Master’s
  • Regulatory Science MS
  • Engineering in Industry and Management,
  • Understanding Behavior in Management

Entrepreneurship

For those who are intelligent, diligent, creative, business-savvy, and organized, the area of entrepreneurship opens up a world of opportunities. Numerous venture capitalists in nations like Switzerland, the United States, India, Germany, and Canada are always eager to put their money into the right concept and with the appropriate individuals. Another excellent method to start your own business is as a franchisee partner, representing a well-known brand.

Average salary: $105,089

Projected growth: 18%

Courses to take:

  • Innovation and entrepreneurship
  • Using Financial Analysis to Make Decisions
  • E-Commerce Essentials
  • The Essential Entrepreneurship Guide

E-Commerce

E-commerce roles are those that carry out the duties required for the online purchase and sale of goods and services. These jobs may be found in various divisions and capabilities, including marketing, distribution, and business development.

Average salary: $74,791 per year.

Projected growth: 7%

Courses to take:

  • eCommerce SEO Training
  • Create, launch, and oversee online shops
  • Course on eCommerce Marketing
  • eCommerce Basics
  • Commerce Foundations

Business Administration

A business administrator is in charge of managing the ongoing operations of a company. To incorporate new policies and procedures into everyday operations, they are responsible for recruiting employees, presiding over department meetings, and interacting with higher management.

Business administrators carry out managerial and organizational activities that promote an organization’s overall productivity and that of its many divisions and teams.

Average salary: $53,833 per year

Projected growth: 11%

Courses to take:

  • Human resources
  • Finance
  • Marketing
  • Systems it
  • managing operations,
  • Entrepreneurship

Management analysts

To help the management of a business run more effectively, management analysts are in charge of conducting and creating operations manuals. They undertake organizational studies to assess how well or efficiently companies function and adjust their processes and organizational structure.

Average salary: $87,660 per year.

Projected growth: 9.4%

Courses to take:

  • Evaluation and management of performance.
  • Communications and management inside the organization.
  • Strategic planning.
  • Information systems for management.
  • Personnel resources.
  • Investments and Securities

The world’s financial markets and consumers are connected significantly through the investments and securities industry. Brokers in securities, also known as securities, commodities, and financial services sales agents, advise clients looking to invest money.

On behalf of their clients, securities brokers make arrangements for the acquisition or sale of stocks, bonds, and other securities. Brokers guide clients to the investments that best meet their requirements among the myriad options available.

Average salary: $69,200 per year.

Projected growth: 15.2%

Courses to take:

  • Business administration
  • Accounting
  • Marketing
  • Commercial savvy
  • Financial planning & analysis

Data analysis

For stakeholders to comprehend data and apply it to make strategic business choices, the data analyst acts as a gatekeeper for the organization’s data. A bachelor’s or master’s degree in analytics, computer modelling, science, or math is needed for this technical position.

A data analyst gathers, purifies, and analyzes data sets to find the solution to a problem or provide an answer to a question. They work in various fields, including government, business, finance, law enforcement, and science.

Average salary: $87,540

Projected growth: 9%

Courses to take:

  • A degree and industry knowledge.
  • Computer programming expertise.
  • Expertise in data analysis software.
  • Knowledge of machine learning algorithms and statistics.
  • Expertise in data visualization software.

Health Administration

Healthcare administrators make large-scale choices for the healthcare facility or institution in the background. They work directly with policy and finances to improve patient experiences and guarantee the security of visitors and employees.

Administrators in the healthcare industry are well-versed in the laws governing patient care. Compared to a doctor or physicians, their duties are very different. Healthcare administrators, who often have a bachelor’s or master’s degree in healthcare administration, control the institution instead of managing patients directly as doctors do.

Average salary: $59,980

Projected growth:11.6%

Courses to take:

  • Hospital administration master’s degree.
  • MBA in hospital administration or management.
  • A postgraduate degree in hospital management or administration.
  • A postgraduate degree in hospital and health management.
  • an M.Sc. in hospital administration

Industrial production

Industrial production managers are responsible for managing manufacturing and allied facilities. They design, organize and oversee the processes required to make various items, including automobiles, computers, and paper goods.

Managers of industrial production, often known as plant managers, maybe in charge of a whole manufacturing facility or a single production line. Industrial production managers must use quality control procedures to ensure the completed product achieves a certain quality standard.

Average salary: $103,150 per year.

Projected growth: 8.4%

Courses to take:

  • Business management
  • Manufacturing administration
  • Engineering in industry

Organizational Leadership

Typically, duties requiring leadership are the responsibility of organizational leaders. Important choices about corporate strategy, resource allocation, and resource use fall under this category. In addition to other responsibilities, this one contributes to organizational success.

Professionals in organizational leadership often have to make choices that influence the whole company. Along with the increasing team, departmental, or organizational efficiency, this is another benefit.

Average salary: $52,265 per year

Projected growth: 12.9%

Courses to take:

  • Communication
  • Organizational conduct
  • People resources
  • Research and analysis.

Stock Analysis

To assist individuals and organizations in making investment choices, stock analysts do extensive studies and analyses of financial data about stocks and corporations. Another aspect is interpreting researched data on financial, economic, and political developments that can influence their organizations’ portfolios.

Stock analysts collaborate with team members to obtain the information required to create, update, and manage internal and external presentation materials. They also write research papers on businesses that are either already owned or being considered for acquisition.

They also create, evaluate, and update financial models, investment assessments, and valuations. In addition, the firm also monitors and reports on the performance of its portfolio of assets.

Average salary: $60,417 per year.

Projected growth: 10%

Courses to take:

  • Risk Management Certificate Program.
  • Certificate of Stock Market Education.
  • Technical Analysis Certificate Program.
  • Bond Market Certificate Programme.
  • Equity Research Certificate Program.
  • Investment Banking Certificate Program.

Political Science

National politics, comparative politics, international relations, or political theory are the typical study fields for political scientists. Political scientists often employ qualitative research techniques to collect data from various sources.

For instance, they can consult historical records to examine previous governmental structures and practices. Political scientists frequently use quantitative approaches to create and test their hypotheses. 

For instance, they may examine voter registration information to find voting trends. Political scientists research various subjects, including the history of political thinking, globalization, political parties in the United States, and how political institutions vary across nations.

Political scientists also serve as policy analysts for institutions with a stake in policy, such as the government, labor unions, and political parties. They assess current policies and occurrences using economic statistics, electoral outcomes, and public opinion polls. They attempt to predict the consequences of new policies using these sources.

Average salary: $157,710 per year

Projected growth: 6.6%

Courses to take:

  • Public management.
  • Foreign Relations.
  • Politics 
  • Economics.
  • Business Management.
  • Government policy.
  • Health Care.
  • Communications.

Consumer Psychology

It is a specialist field investigating how our attitudes, convictions, emotions, and perceptions affect how we choose and interact with products and services. Consumer psychologists examine how motivation, social impact, and decision-making affect why people purchase certain products but not others.

The primary responsibility of a consumer psychologist is to enter the customer’s psyche. Studying and investigating consumer behaviour and the factors that affect consumers’ purchasing decisions are the key objectives of this speciality area of psychology. There are several techniques to do research, including focus groups and questionnaires.

Average salary: $63,149 per year.

Projected growth: 17%

Courses to take:

  • Consumer Action
  • Market Analysis
  • Market Psychology
  • Consumer conduct

Information technology (IT)

The majority of businesses nowadays are technology-based. There is no going back once a company starts on this trip. Information technology has led to the emergence of several business models.

Information technology (IT) professionals assist businesses in maintaining their digital infrastructure and assisting technology users with problem-solving. IT professionals are in high demand to assist others in keeping up with technology advancements and security protocols.

Average salary: $91,250 per year.

Projected growth: 13.2%

Courses to take:

  • Information technology management.
  • E-Commerce.
  • Web-based programs.
  • Computer programs.
  • Networking in computing.
  • Protocols for the Internet.
  • Discrete arithmetic and algebra.
  • Computer and programming fundamentals.

International affairs

It is possible to explore the complexity of interactions between other nations in the broad area of international politics and then use this knowledge in the workplace. To complement your degree, it’s crucial to have appropriate job experience. Volunteering may be a beneficial approach to getting experience both domestically and abroad.

Average salary: $73,954.

Projected growth: 5.9%

Courses to take:

  • Diplomacy
  • Lobbying,
  • Analysis of politics
  • Security and international law.
  • A second language

Frequently Asked Questions

Are secondary vocational courses useful?

Studying economics is a good idea, either as a major or a minor. It will also help you contact other people who can help your business. Having some knowledge will help you communicate with and understand others better, such as accountants or business owners.

What is the name of this minor?

A minor is another academic subject that students study during their undergraduate studies at a college or university. Academic Minor requirements usually require three years of study in the chosen subject at the university.

What can I do with a marketing degree?

Particularly in some fields of study, it may be worth taking the extra step and obtaining a minor in marketing. For companies that want to hire copywriters, a degree in marketing may be of interest. This also applies to graphic designers, Freelance writers, and Public relations admissions.

What is the best degree for business students?

MBA: The MBA is usually the best-paying degree.

Read more about Education Consultancy Business.

Where can I go with a Bachelor’s degree in business?

The best way to get a business degree is to get a minor business application and a degree. For example, you can get a job as a market research analyst, brand manager, or advertising analyst with strong business wisdom.

What is a good business minor?

If you choose a minor course, make sure it expands and complements your major. So, communications or human resource management courses are good options and will show you the strong skills you need to be a manager. Moreover, a second language or international studies could also be an option.

What subjects do I need to take for a business management degree?

Some subjects required for a business degree include business fundamentals, financial accounting, logistics, finance, economics, ethics, marketing, operations management, quality control, and information systems.

What are the requirements for a business degree?

A business degree requires financial accounting, logistics, finance, economics, ethics, marketing, operations management, quality control, and information systems.

Bottom Line

Customized business education requires an appropriate curriculum. So, most universities have a flexible academic relations department. This allows students to choose their preferred field of study. Therefore, choose a major that matches your interests and ideas.

We all agree that you can get ahead in business with a minor. However, you need to gain practical experience. Do something that shows you understand what you’ve learned and can apply it to your given tasks.

Look for internship and volunteer opportunities to practice and solidify your learned skills. Therefore, this will give potential employers the confidence to choose you.

Once you have demonstrated your skills, you can confidently enter the business world.

Expert Opinion

A business degree may open up lucrative employment options for you, and selecting a minor that ties in with your study area can help you succeed. Most institutions require students to complete a minor in addition to their degree and picking one that complements your major may help you develop new skills and broaden your understanding of your field.

There are several subjects that, if you’re looking for minors to study, can be very beneficial for your future job in business. We looked at the top minors for business majors in this post, so you may think about pursuing them.

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