Careers in Management and Business
Business graduates are prepared to work at the emerging interface of where talent meets capital as defined by technology structured global business systems.
Careers in the Digital Age of Business
Today, the distinction between technology and non-technology companies is becoming less relevant. Is Tesla a technology company learning to become an automotive organization? Is Ford an automobile company learning to become a tech company?
Business graduates from STEM-focused programs are prepared to work at the emerging interface of where talent meets capital as defined by technology structured global business systems. With the skill developed inside our classrooms and around our learning communities, graduates can enter a wide number of critical positions that are only now emerging at the edges of traditional business operations.
Popular Roles by Concentration
These professionals are skilled at using systematic approaches to gathering, consolidating and processing the data of existing and potential customers that are stored and maintained in an organization’s database. More consumer data is maintained in databases today than ever before, and this data is being used in new and ever-more sophisticated ways. Those in database marketing jobs dive into this data to glean all they can about customers and select target markets for specific campaigns, so they can offer specialized offerings to gain more customersBrand/Product Manager
Brand managers oversee all aspects of marketing a product or service using the knowledge of marketing research, advertising, and product development. Highly developed analytical skills are necessary to evaluate consumer trends and research related to a product. Brand managers select and direct other departments or contractors that conduct research, media planning, and advertising regarding their brands.Ecommerce Marketing Manager
Ecommerce marketing managers spearhead the strategies that make online transactions possible. They are responsible for organizing and developing website marketing plans, then executing on plans while training and leading a team of marketing executives. Sales/Business Development Representative
Sales Development Representatives are responsible for qualifying leads at the initial stages in the sales funnel. They must research potential clients, connect with and educate prospects and qualify leads before handing them off to the closers of the sales team.
In broad terms, SDRs typically focus on inbound prospects, whereas Business Development Representatives (BDRs) generate their own leads with outbound communication. However, these responsibilities are not exclusive to one or the other, and the terms are often used interchangeably, so SDRs may be tasked with handling outbound prospecting as well as inbound.
Accounting today is one of the most high-tech, cutting-edge professions out there, making advances in realms ranging from Big Data analytics to cloud computing to blockchain technology. Accountants are the professionals who make sure that the money of corporations, governments, organizations, and individuals are being used well, and that means that, as long as there's money, accountants will be indispensable.International Tax Manager
Business has been global for a long time, but in the era of the internet, there are really no borders anymore. A corporation based in the US may manufacture products in China made from raw materials bought in Africa and specialized components made in Germany. That's why international business is one of the fastest-growing specializations in business education, and why International Tax Managers are so valuable to a corporation. The International Tax Manager needs not only a thorough understanding of the American market and tax regulations, but of foreign regulations, cultures, business practices, and logistics. International Tax Managers are pivotal in mergers and partnerships between American and foreign businesses.Anti-Money Laundering Officer
Every financial institution is governed by the Bank Secrecy Act of 1970, which set standards for how banks record transactions; it also requires banks to report any signs of money laundering to the government. An Anti-Money Laundering (AML) Officer must be an expert in the requirements of banking regulations, and in the post-9/11 era, these specialists are especially essential in fighting the War on Terror, including terrorism-related money laundering schemes in the US.Personal Financial Advisor
There's never been more of a need for personal financial advisors, and that's for a lot of reasons. For one, the wealthy are getting wealthier, but on the other hand, there are far more self-employed professionals and entrepreneurs who have given up the security of a traditional job for their independence. However, that also means giving up an HR department that can handle retirement, insurance, college fund investments, and all of the other services a Personal Financial Advisor provides. If you're making money, you need someone who knows what they're doing to help you manage it.
An academic background in finance can be applied to a broad range of careers in virtually every industry. Before arriving at a final career direction, consider your unique combination of skills, interests, values, and personality traits.Financial Planner
Finance majors learn about a variety of investment vehicles, and this knowledge can help financial planners to advise clients about how to manage their finances. Finance majors can decipher trends in the securities markets and apply this perspective to their planning sessions. Financial planners must crunch numbers and apply principles of accounting in order to devise plans suitable for individual investors. They also need to inspire trust in people and promote their services. Therefore, finance majors with strong interpersonal skills and persuasive abilities will be most likely to succeed in this profession.Financial Analyst
Financial analysts research stocks, bonds, companies, and industries to assist bankers, investors, and corporate finance officers with mergers, acquisitions, and stock/bond offerings, as well as corporate expansions and restructuring. They can capitalize on their finance major training as they dissect financial statements and other financial data. Financial analysts build financial models and conduct complex quantitative analyses. Financial analysts also produce reports detailing their findings and present their analyses to other members of the banking or finance team.Credit Analyst
Credit analysts evaluate the financial standing of loan prospects and assess the risks involved with offering them financing. Finance majors learn to appraise the financial viability of entities and interpret their financial records and data. The investigative mindset of a finance major would enable the credit analyst to scrutinize the legitimacy of financial information furnished by clients.
Finance majors analyze trends in industries that can impact the ability of organizations to generate the income necessary to repay loans. They have the communication skills necessary for credit analysts to extract information from prospective clients and convey their analyses to colleagues.
Artificial intelligence and new sorts of distributed ledgers, including blockchain, are the most important emerging FinTech technologies. About 30% of large financial organizations are putting money into AI. Regarding blockchain, PWC has found that 75% of financial services firms intend to adopt blockchain as part of their in production systems and processes by 2020.Blockchain Experts & Developers
PwC predicted that “77% of financial institutions expect to adopt blockchain as part of an in-production system or process by 2020”. With an average of 14 job offerings available to one blockchain developer, this is one of the most in-demand and high-paying jobs in the FinTech industry.Financial Analysts
As FinTech start-ups continue to grow, so will the demand for financial analysts who can manage and create budgets, assemble financial reports, run business studies, conduct analyses and make forecasts about future revenues and market trends. For some firms, they may also provide advisory inputs on areas such as stock splits and bond issues.
A job as a computer systems analyst is a mixture of IT and business. An analyst must comprehend a client's company and how it uses technology. This professional must keep a business's computer system running as efficiently as possible.Besides research, a computer system analyst prepares cost and benefits analysis reports for upgrades. This person oversees the installation of new units, tests the systems, and trains employees how to use them. When trouble arises, this person troubleshoots the issues as well.Product Owners/Managers
FinTech product management and/or ownership can involve a fairly diverse set of roles and responsibilities and offers a number of career paths. A FinTech product manager’s primary responsibility is to manage the product development lifecycle: from its early stages to when it finally reaches consumers. A product owner is responsible for identifying, developing and selling potential new FinTech products and for maintaining products to ensure consistent quality.Information Security Analyst
Information security analysts are responsible for developing and implementing computer security strategies and systems so that vital information is protected from cyber attacks and computer crimes. These IT and MIS professionals also monitor computer networks for breaches in security when it is necessary. They also respond to information security breaches with countermeasures.Financial Analyst
While the occupation of a financial analyst is not necessarily thought of as an MIS and IT-related job, with the advent of cryptocurrencies and blockchain, companies spanning from hedge funds to insurance agencies need financial analyst skilled in both finance and MIS technologies. These professionals of technology and finance are responsible for recommending investments, developing new investment strategies and evaluating financial risks.
Career Development Services
NJIT's Career Development Services helps NJIT students with career counseling, co-op and internship opportunities, resume and interviewing workshops, and its annual Career Fair, during which over a hundred employers come to campus.See more at the CDS website.Callout Link