Business

The business sector has some of the fastest growing job fields in the workforce. It is expected to increase 23.3 percent by 2016, opening up more than 4.1 million new employment opportunities in the job market, according to the Bureau of Labor Statistics. The huge success of the business sector will continue well into the next decade. This is largely due to the fact that every industry contains
a business component to help it run successfully. Industries such as healthcare, justice and legal work, and even non-profit organizations all have a business backbone that enables them to function efficiently.

In the healthcare industry, hospitals and clinical offices all have a business team working behind the scenes to ensure that patients are accurately charged and medical bills are paid in a timely manner. The business team at hospitals and physician offices also determine the costs of procedures, checking with other healthcare facilities to establish average prices. They also handle health insurance claims and equipment costs. The business team in the justice and law industry takes care of employee pay, benefits, and administration. They also ensure that clients are properly billed, and that these bills are paid in a timely manner. They are responsible for keeping records organized and updated. Some legal departments also have a marketing team, another subsection of the business sector. Non-profit organizations, most often seen in the form of charities, must also have a business team, even though they do not seek to earn money from their endeavors. The business team at non-profits ensures that the organization stays within budget or responsibly manages its existing funds. They keep the non-profit from going into debt, as even non-profits must be careful to not overspend, especially when there is no revenue coming in.

In the business sector, there are a myriad of employment opportunities for individuals of many different interests. Those looking to pursue a particular passion in a specific field, such as the arts, media, or medicine, can confidently earn a degree in business administration, accounting, or another related business field, and work in that industryís business aspect. A business degree is one of the most functional degrees available. Of the 1,524,000 bachelorís degrees conferred in the 2006-2007 school year, 328,000 were business degrees, according to the National Center for Education Statistics. The popularity of the business degree is unsurprising, considering that students in a business program learn leadership tactics, idea development and implementation, and other skills that are easily applicable to any other employment situation.