Employers typically value subjects that relate to general business or niche business areas.Īccording to the NCES, learners attending four-year institutions spent an average of about $28,780 for the 2019-20 school year. People in this field commonly pursue majors like business management, business leadership, international business, or finance. However, it may also give professionals the credentials they need to start their own business or pursue a management job at a larger business.Įarning a bachelor's degree in business requires research, creative thinking, and strong communication skills. Step 3: Earn Your Bachelor's Degree in BusinessĪ bachelor's degree in business may prepare learners for more advanced or higher paying small business management positions. A bridge program may also better equip aspiring small business managers with limited experience. According to data accessed in July 2022 from Payscale, business managers with less than one year of experience earn an average of $52,000.Īlternatively, some people may choose to pursue an internship or complete a mentorship program to gain even more knowledge. When looking for an entry-level position, learners should look for positions with competitive pay or perks like flexible time off policies. Or, they may decide to quit and attend school full time to finish a bachelor's degree. Some assistant managers even start a part-time bachelor's degree program.Īfter working as assistant managers for one to two years, learners can start applying for more advanced management jobs. For example, recent associate graduates can earn jobs as assistant managers. Some entry-level small business management jobs may only require an associate degree. Step 2: Get an Entry-Level Small Business Management Job Some small business managers may earn their position through years of experience rather than through a formal degree. Learners discover how to apply their knowledge in practical applications. Small business owners may want to hire managers for one business niche, so a specialized undergraduate degree may help. Related majors that focus on one aspect of business, like accounting or marketing, can also benefit future small business managers. An associate degree allows learners to explore a career path before committing to a longer or more expensive degree.Ĭommon associate majors for this career include management, entrepreneurship, general business, or small business. Additionally, many community colleges offer affordable programs. This degree only takes full-time learners about two years to finish. According to the National Center for Education Statistics (NCES), learners spent approximately $11,390 on their two-year degrees for the 2019-20 school year. Step 1: Earn an Associate Degree in Small Business ManagementĪspiring business managers can begin pursuing their career goals with an associate degree. It also notes potential next steps for further career growth. This section outlines the steps to take before you land your first management job. However, people who enjoy contributing to the local business economy may find this career rewarding. What Are the Steps to Become a Small Business Manager?īecoming a small business manager requires time, money, and motivation. Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below. Small Business Management Not for You? Check Out These Related Careers. The Bureau of Labor Statistics (BLS) projects the need for management occupations to increase by 9% between 20. They may do so by earning an MBA or a master's degree in a specific business sector, like marketing. Others may shift to a different business career. Some small business managers go on to open a business of their own. With the foundational knowledge they gain, they can pursue other careers. These professionals learn the basics of nearly every business process. As managers gain more experience, they gain more responsibilities. Most small business owners give managers limited responsibilities initially.
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