How to Become a Business Manager in South Dakota

Online Business Management Education in South Dakota

Employment in management occupations is also expected to increase by 9% from 2020 to 2030. This will account for an additional 906,800 new positions in the field. Much of the projected growth for these professions is likely to result from the continued creation of new businesses and organizations, as well as the expansion of those currently in existence.

Notably, some professions in these sectors are expected to experience higher increases than others. The employment for financial managers, for example, is projected to increase by 17% by 2030. Data also indicates that medical and health service manager occupations will experience a 32% rise in job availability. Some of the fastest-growing industries include computer and information systems, finance, lodging, and social and community service.

Professional and business services is the eighth largest industry in South Dakota. It accounts for $3.1 billion of the state’s revenue each year. Additionally, many companies and organizations in other sectors benefit from hiring business management graduates such as finance, real estate, education services, healthcare, manufacturing, wholesale, and retail. As of May 2021, South Dakota employed 22,810 people in business and financial operations and another 13,200 management professionals. The annual mean wage for these jobs ranges between $70,220 and $109,420, which is significantly higher than the state’s annual mean wage of $46,810 for all occupations.

While education requirements vary depending on the intended occupation, most business management professionals obtain degrees of some kind. Online learning makes it easy to attend classes and complete coursework from nearly anywhere in the world with internet access, but prospective students who plan to seek employment in South Dakota should strongly consider enrolling with schools within the state. These colleges and universities often provide more targeted and regionally appropriate education. Additionally, local institutions tend to understand the needs and expectations of employers in the area, adjusting their curriculums accordingly. It’s also common for schools to establish relationships with nearby companies and organizations, which can lead to valuable internship and employment opportunities.

Some of the industries that commonly hire business managers include:

Find Your Online Business Management Program

College and university programs in business management typically encourage students to develop skills in a wide variety of areas, many of which can be transferred to other professions. This allows graduates to thrive in almost any work environment. Particularly helpful subjects often covered include analytics, leadership, and research.

The mass majority of jobs in this field require some level of higher education. As a result, most business management professionals possess academic degrees of some kind. Generally, more education earned results in better employment prospects becoming available. While many enroll in bachelor’s degrees, colleges and universities often offer relevant programs at the associate, master’s, and doctoral levels, as well. Additionally, some schools have professional certificate programs available to undergraduate and/or graduate students. Prospective students should consider the benefits and drawbacks of each degree type carefully in order to select the options best suited to meet their ultimate career goals.

Become a Business Manager in South Dakota

The first step to becoming a business management professional in South Dakota is establishing your ultimate career goals. As previously mentioned, there are many viable opportunities available to individuals with expertise in this area. After carefully researching the options and selecting your ideal profession, the path forward should become clearer. You can then choose an appropriate degree level and program, as well as pursue opportunities and experiences that will help prepare you for future employment.

If you are still undecided about your preferred occupation, earning an undergraduate degree in business management may help you narrow your focus. Many colleges and universities encourage students to explore various aspects of the field. You can always choose a concentration, or specialty area, after identifying a particular are of interest.

Some of the most common specializations are:

After obtaining the necessary degree(s), you can choose to pursue one or more certifications and/or licensures. It’s common for management professionals to acquire at least one additional credential to demonstrate competence in a specific area. This can greatly improve employment prospects, especially when competing for upper-management positions. Not all jobs require extra certifications, however.

One of the most popular credentials for business management professionals is the certified business manager (CBM) designation. The certification is offered through various institutions with specialized accreditation, as well as some MBA programs. Those who obtain this optional certification are perceived as possessing elite operational management skills that can be applied to most work settings.

If you plan to start a business in South Dakota, you must first become familiar with all relevant laws and regulations. Generally, the state is considered a great place to be an entrepreneur or small business owner. It has reasonable expectations, a balanced budget, and limited taxes. In fact, South Dakota has no corporate or individual state income tax, zero business inventory tax, and no personal property tax. To take advantage of these benefits, you will need to determine your business formation, register the name with the county Register of Deeds Office, register your business, and obtain an employer identification number (EIN) for federal tax purposes. Depending on the perimeters of your venture, you may still need to apply for a special license or permit. These applications can be submitted online with or without a South Dakota Lottery account.