Is Business Services a Good Career Path for Graduates? | 2023

Picking the correct career path is one of the most important decisions you will ever make in your life. It’s vital to do research and ask yourself some tough questions before making a decision.

The business world is constantly changing, which creates new opportunities for people who want to enter the workforce. Business services workers offer a variety of services that are essential to businesses operating efficiently and profitably.

You may ask yourself, “is business services a good career path?”. This article will examine some pros and cons of choosing a career in business services.

What are Business Services?

Business services basically involve the selling of services rather than actual products. These are services that help to improve the productivity and sales of organizations. This means that the value proposition of these services is intangible.

With business services, industries are able to get the support that will help them drive sales and make profits. To achieve this, professional experience with special skills and tools is required. 

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Is Business Services a Good Career Path?

Yes, business services is an excellent career path. There are various careers and skill sets to choose from on this path. Several of them overlap as well. If you choose to alter your career in the future, you can keep some of your experience and contacts to help you advance in your new field.

Whether you’re interstate marketing, sales, finance, or management, there is a place in business services. Most of these careers are well-paid and have many advancement opportunities.

Lastly, if freedom in your career or being your own boss is important to you, contracting is a widely accepted career choice in this field.

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What are the Examples Of a Business Services Career?

Business services have a wide range of examples. In fact, selling any service, such as legal advice, health care, counseling, financial advice, etc., is all regarded as a business service. Here are 6 examples of business services. 

1. Software services

Software services help you organize or analyze data using certain software that can be accessed from a cloud. 

While software can also be a product, software services perform more intangible functions such as providing security for business computers and phones, providing analysis tools to help business record and store data, providing anti-virus protection, and a host of other services. 

One typical example of a software service is SaaS, known as software as a service. SaaS companies provide software packages online that can help link computers within a given organization to enable employees to work together while using the internet. 

2. Legal services

You’ll definitely require a law degree to provide legal services. Legal services help companies by providing legal advice, drafting legal documents, and representing companies in court in case of a lawsuit. 

Legal services span many industries, including trade, insurance, labor, and many others. 

3. Marketing services

Marketing helps businesses and brands gain public attention through the use of advertising. While many companies have an internal marketing unit, others prefer to employ external marketing services. 

When intangible transactions are advertised, they require the expertise of a marketing specialist that can help promote ideas and benefits of using their services. 

Some examples of marketing services are adverts and publicity materials produced for event planners, gym houses, financial service companies, etc. 

4. Healthcare services

Healthcare service is any service provided for the diagnosis and treatment of diseases. They also involve services rendered to prevent and relieve health conditions and injuries. 

Healthcare services have 4 different specialized service areas. These are disease prevention, diagnosis and treatment, rehabilitation, and health promotion. A number of professionals, such as doctors, nurses, pharmacists, nutritionists, physiotherapists, etc., collaborate to perform each of these functions.

5. Financial services

Banks, insurance companies, credit card companies, fintech companies, and many more are some of the companies that provide financial services. 

Financial service companies are companies that help with the facilitation of investing, banking, loans, credit card transactions, and a host of others. They can also provide financial advice and other accounting services.

A good example of a financial service company is a local bank that helps you save your money for a small fee. 

6. Consulting services

According to Statista, business consulting services have experienced steady growth over the past decade. The current size of the consulting market in the US is $69.9 billion. 

Consulting services provide expert management services for companies that help them organize various aspects of their company, including audits, financial budgeting, landscaping, monitoring, and evaluation. 

Most consulting services are provided under the umbrella of a business consulting firm. These companies could be operated by a solo manager or a large group of employees providing services for various companies in various niches. 

A number of business service career opportunities also exist and deserve some “honorable mention.” They are research and development, human resource, event management, architecture, engineering, design services, and many others.

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What are the Pros and Cons of a Career in Business Services?

Pros:

• Many jobs in the business world require excellent communication skills, which can be applied in many different fields.
• The industry is rapidly growing, and there are many opportunities for advancement.
• Career options often offer a good work/life balance.
• There are many opportunities to freelance and work remotely in this sector.

Cons:

• The business services sector is rapidly growing, so job competition is high.
• Many jobs require excellent communication skills, which can be challenging to learn and master.
• Jobs in the Business Services sector often offer a good work/life balance, but many jobs are high-pressure and fast-paced while also requiring working on the weekends.

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How Do You Get Started in a Career in Business Services?

1. Have the required educational qualification

Most business service careers in a niche field, such as law and medicine, require getting a bachelor’s degree. However, diplomas can also provide sufficient qualifications to enable you to start a career in some business service sectors. 

Acquiring a postgraduate study is not necessary when starting a career in business services, but it can give you added advantage. Once you have gotten an entry-level business service job, You can build relevant skills through work experience and volunteering. 

2. Up your professional skills

When you want to apply for a business service job for the first time, ensure that you understand what skills the employer is looking for and make efforts to ensure that you possess some or all of the skills. A number of employers search for employees who have management and leadership skills.

You can acquire these skills by taking crash courses, attending seminars and events, or volunteering in a company. 

3. Improve your communication and people skills

As a service provider, you are likely to constantly communicate with people, companies, and brands. Improving your communication and people skills will help you create a good impression on employees and customers alike. 

4. Start finding opportunities

After you must have prepared yourself by getting a degree and improving your professional and interpersonal skills, you need to start looking for opportunities to acquire a job. 

You can do this by first applying for jobs on websites or the career section of company websites. Networking and joining professional organizations can also provide opportunities that could help you launch a great business career. 

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What are the Skills Required to Succeed in a Career in Business Services?

• Financial management
• Marketing
• Customer service
• Communication
• Negotiation
• Leadership
• Project management and planning
• Delegation and time management
• Problem-solving
• Networking

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What are the Education and Training Requirements for a Career in Business Services?

Due to the wide variety of types of careers here, there really isn’t a one size fits all education or certification. But here are some of the most common and helpful ones if you want to go into the field.

• Business Degree. This is going to have the broadest applications in business services. It’ll take you anywhere from management to marketing to communications to sales. If you know what part of the business you want to be a part of, then you can specialize.
• Business Communications Degree. This is for people who want to be part of the communications team in public relations, social media, or marketing.
• Business economics. This is if you’re interested in being an analyst or on the financial side of the business.
• Business Administration. This is If you want to be a manager or run your own business.
• Marketing. This makes it easier to break into the field if you know that’s what you want.
• Business Law. This is an advanced law degree, so you must become a lawyer. But business lawyers are in demand, and once their careers are established, they do quite well for themselves.

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What are the Salary and Job Outlook for a Career in Business Services?

Salary ranges for business services workers vary widely depending on the job function. For example, an engineering or corporate management employee will earn an average annual salary of $101,546. In contrast, a retail or facilities employee will earn an average annual salary of $36,412.

The job outlook for business services workers is generally positive. However, there are several factors that influence the outlook of the profession. For example, while some jobs have good growth prospects, others may become obsolete in a decade.

In addition, the job outlook only estimates the supply of jobs. It does not include demand, which determines the highest-paying jobs.

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What Are the Lists of Best Paying Jobs in Business Services?

1. Systems Administrator

Average Annual Salary: $80,000

Systems administrators are essentially the highest levels of information technology. They oversee the infrastructure of the technology systems in the office. They do higher-level IT, upgrading the system and ensuring it’s the best fit for the company. They’re also responsible for updating the system and ensuring the hardware is up-to-date.

2. Controller

Average Annual Salary: $101,000

Controllers are in charge of budgeting. They put together the company year’s budget and ensure that all departments stay within it. Accounting skills are necessary for this job, as well as a reputation for integrity.

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3. Product Marketing Manager

Average Annual Salary: $121,000

A product marketing manager’s job is to develop a marketing campaign that suits the company’s product. They run a large part of the marketing organization and, therefore, must have strong leadership skills and in-depth knowledge of marketing practices and the audience they’re trying to reach.

4. Business Analyst

Average Annual Salary: $80,000

A business will hire a business analyst to make sure that the business is on the right track to sustainability and growth. They need to have a strong understanding of business practices and be able to create and interpret data.

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5. General Counsel

Average Annual Salary: $122,000

This is another way of saying an in-house lawyer. A person in this position has to have a degree in business law. They’re responsible for advising the business on the law and dealing with any legal issues the business may have.

6. Certified Public Accountant

Average Annual Salary: $102,000

Certified Public Accountants (CPAs) must have accounting degrees and acquire the requisite license. They help businesses and individuals with finances, taxation, and meeting their financial goals.

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7. Quantitative Analyst

Average Annual Salary: $87,000

Sometimes shortened to “quant,” people in this profession analyze risk. They help develop strategies and work with banks to value their securities. Some even help to enhance computer software in related fields.

8. Manager of Corporate Communications

Average Annual Salary: $137,000

This job title is extremely descriptive. A person in this position is in charge of all communications via the company and ensuring they run smoothly and are consistent with its values and media strategy. They’re also involved in public relations and, potentially, social media.

9. National Sales Manager

Average Annual Salary: $102,000

National sales managers coordinate the sales nationally. They’re responsible for ensuring clients are properly dealt with and keeping the sales team up to date on new products and new sales and marketing strategies.

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10. Supply Chain Manager

Average Annual Salary: $108,000

Supply chains are extremely important to the vast majority of companies. Someone in this role makes sure that supply chains stay uninterrupted and that they’re getting the right materials from the right companies.

What Companies are in the Business Services field?

• AnswerForce
• McKinsey & Company
• Fusion Business Solutions
• GS Financial Group
• A.T. Kearney
• Hong Leong Assurance Berhad
• Harlow International
• HRMS Solutions, Inc.
• Booz Allen Hamilton
• Financial Hospital

FAQs on Is Business Services A Good Career Path

Conclusion

“Is business services a good career path?”. While the answer is yes, there are many things to consider before choosing between different business services careers.

Business services may be the perfect choice if you’re looking for a stable and rewarding career.

With an excellent long-term outlook and plenty of career opportunities for advancement, this field is sure to provide you with everything you require to enjoy a successful working life.

References

• zippia.com– Is Business Services a good career path

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