Business services can seem very broad; however, they are a critical part of the business landscape and the global economy. Put simply, no business or organization could succeed without the support of business services. Whether it’s managing finances, developing marketing strategies, or navigating complex legal regulations, businesses rely on these services to stay competitive and thrive.
But what exactly are business services, and more importantly, do they offer a successful career path? In this article, we’ll explore the ins and outs of the business services sector, including the types of jobs available, entry-level requirements, and the best-paying positions. We’ll also provide tips on how to hunt for jobs in the industry and offer insights on why business services can be a rewarding career path.
Whether you’re just starting your career or looking for a change, you’re in the right place. So let’s dive in and explore the exciting opportunities available in this thriving industry!
Is Business Services a Career or Industry?
Before we can begin finding jobs that offer a good career path, it’s important to understand what business services actually are. Simply put, business services can be seen as both a career and an industry.
As an industry, professional and business services refer to a range of services and support that businesses rely on to operate efficiently, such as accounting, legal, consulting, marketing, and more. Typically, these services are provided through service businesses such as marketing agencies and law firms. However, freelancers also commonly offer business services, such as bookkeeping, copywriting, and graphic design.
On the other hand, as a career, business services offer a wide range of job opportunities. For example, consider all the different departments that make up a business, such as the marketing team, legal team, finance department, and so on. This means that job opportunities can be found within specific businesses or specialized agencies.
The business services industry is a crucial part of the global economy, offering diverse job opportunities across various sectors and industries. Whether you’re interested in working for a service business or as a freelancer, there are plenty of options to explore in the business services industry.
What falls under business services?
Now that we have a better understanding – it’s time to look at the wide range of business services. We provided a few examples above, but to really show you the breadth of business services as a whole, we’ve created a comprehensive list.
Accounting and bookkeeping services
- Bookkeeping
- Financial planning and analysis
- Tax preparation and planning
- Auditing and assurance
- Payroll processing and management
- Financial reporting and analysis
- Corporate finance
- Risk management
- Insurance services
- Wealth management
- Budgeting and forecasting
- Cost accounting
- Mergers and acquisitions (M&A)
Legal services
- Corporate law and commercial contracts
- Intellectual property law
- Labor and employment law
- Mergers and acquisitions
- Real estate law
- Litigation and dispute resolution
- Regulatory compliance and risk management
- International law and trade agreements.
Human resources services
- Recruitment and staffing
- Onboarding and orientation
- Employee benefits administration
- Payroll processing
- Performance management and appraisals
- Training and development
- Employee Relations and conflict resolution
- Compliance with employment laws and regulations.
IT and technology services
- IT consulting and support
- Cloud computing and data storage solutions
- Cybersecurity and data protection
- Network and systems administration
- Software and web development
- Database management and analysis
- Technical writing and documentation
Marketing and advertising services
- Advertising and media planning
- Branding and corporate identity design
- Market research and analysis
- Social media marketing and management
- Public relations and communications
- Content creation and copywriting
- Business Analyst and Business Administration
- Event planning and management
- Email marketing and lead generation.
Business Development Services
- Market research and analysis
- Sales and account management
- Partnership and alliance building
- Lead generation and nurturing
- Strategic planning and implementation
- Product development and management
- Customer experience and retention
- Competitive analysis and benchmarking
- Branding and positioning
- Pricing and revenue management.
We’ve only identified six different business services above and have already listed 50+ roles that are all incredibly important for the success of a business. Imagine how many more there would be if we were to list business services roles that fall under every possible business department.
Best-paying jobs in business services
Now if you’re looking for the best-paying jobs in business services, you’ll be pleased to know there are many to choose from. Of course, the highest-paying roles require years of experience and education. Additionally, C-Level roles are always going to carry the highest paid salary. However, to give you an idea, we’ve included ten very different jobs in business services that come with high salaries.
Information Security Manager
In today’s day and age, protecting the security and privacy of an organization’s computer systems and data is incredibly important. As a result, it is the highest-paid salary on this list.
Average Salary: $158,952 Per Year
Salary Range: $89,963 to $279,884
Digital Marketing Manager
As businesses now rely more and more on digital traffic, digital marketing managers are paid considerably well for their services. They will usually oversee the full spectrum of digital marketing, from email marketing, SEO, paid ads, affiliates, and even influencers.
Average Salary:$147,046 Per Year
Salary Range: $79,790 to $239,452
Business Lawyer / Intellectual Property (IP lawyer)
Lawyers are required for most businesses to protect their business. Lawyers typically specialize in specific fields like IP, which translates to better pay.
Average Salary: $142,645 Per Year
Salary Range: $64,440 to $236,398
Financial Analyst
A financial analyst evaluates financial data and economic trends to provide insight into investment opportunities. This allows businesses to stay a step ahead of their competition. Experienced individuals and those with a strong track record are likely to be paid more which is why the salary ranges considerably.
Average Salary: $136,952 Per Year
Salary Range: $51,970 to $348,496
Investment Banker
This job role typically comes into play during mergers and acquisitions. They are incredibly important in giving businesses and organizations strategic advice. Businesses are likely to pay more for experienced individuals.
Average Salary: $121,879 Per Year
Salary Range: $51,407 to $313,821
Actuary
The job role requires using mathematical models to evaluate risk and uncertainty in the financial industry. Businesses operating in the financial industry need actuaries to be able to reduce their risk appetite.
Average Salary: $123,575 Per Year
Salary Range: $62,455 to $198,211
Data Scientist
A data scientist analyzes and interprets complex data sets to identify patterns and trends. It is an important role for businesses as it allows them to use their data to perform better, ultimately impacting revenue.
Average Salary: $112,903 Per Year
Salary Range: $41,016 to $278,790
Software Engineer
Pretty self-explanatory, but software engineers develop, produce, and maintain software for businesses. As everything is pretty much conducted digitally, having the best technology is incredibly important for businesses.
Average Salary: $103,713 Per Year
Salary Range: $37,767 to $202,326
Management Consultant
This job role typically involves providing strategic advice to organizations on how to improve their performance and efficiency. Typically, improved performance and efficiency result in better revenue for the business which is why this role is so well-paid.
Average Salary: $100,405 Per Year
Salary Range: $50,643 to $162,907
UX Designer
A UX designer creates the user experience for websites, software applications, and other digital products. Over recent years many businesses have changed their focus toward the customer experience to capture market share, resulting in increased demand for UX designers.
Average Salary:$96,884 Per Year
Salary Range: $48,687 to $147,087
What Are The Entry-level Requirements for a Career in business services?
As you may expect, the entry-level requirements for business services careers vary depending on the specific job and industry. However, a bachelor’s degree in a relevant field such as business, accounting, marketing, or finance is often preferred. Keep in mind that some jobs may only require a high school diploma or associate’s degree, especially if the candidate has relevant work experience or training.
Demonstrating ability and experience will provide the greatest support for an application. The best-paid business services professionals have a track record of providing benefits to their employees. So to come across as a suitable candidate, look for specific examples of how you’ve helped a previous employer and how that can translate to the job you’re applying for.
How to get paid more in the business services industry?
As demonstrated by the list of top-paying jobs, specializing in a specific skill set can significantly increase your earning potential. By honing your expertise and demonstrating the tangible value you bring to the table, businesses are willing to pay a premium for your services. Invest in developing a high-demand skill, and reap the rewards of a higher salary in the industry.
Bottom Line
In conclusion, the business service industry offers such a diverse range of opportunities for individuals. From accounting and finance to marketing and IT, there are many ways to carve out unique career paths. The sky really is the limit. Nevertheless, to excel in this industry and secure the most lucrative positions, it is crucial to specialize and acquire hands-on experience. With dedication and hard work, a career in business services can be rewarding both professionally and financially.
We hope you enjoyed this article – for more information about the different types of job roles out there, browse the rest of our site.