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As business operations in this country and throughout the world become more
complex, the need for salaried managers is expected to increase rapidly because
of the growing dependence of business organizations and government agencies on
professional managers. Government regulation, senate hearings, new
technology, and the development of diversified and multi-national corporations
make professional preparation for careers in management highly desirable.
That is, management has become an area of specialization.
A professional manager is a salaried expert, trained by education and
experience to manage any type of organization, be it a government agency,
business, restaurant, hospital, hotel/motel, social, educational or service
organization. As the size and complexity of an organization's operations
increase, so do its layers of management.
It's hard to describe a manager's opportunities because they are so many
different types and levels of managers. The variety of environments
include occupations in the following:
- Retail & Wholesale Trade
- Restaurants/Food Service
- Banking and Finanace
- Hotels and Motels
- Manufacturing
- Advertising & Marketing
- Computer Technology
- Service Organizations
- Education
- Health Services
- Communications
- Transportation & Public Utilities
- Non-Profit Organizations
- Publishing
- Insurance & Real Estate
- Entertainment & Recreation
- Construction
MANAGEMENT EARNINGS vary with company size and level of responsibility.
Top-level executives are among the highest paid workers in the country.
They are highly paid because their leadership skills directly
affect company growth, economic survival, and internal validity. Managers
make decisions, develop resources, set policies, take risks, and motivate their
associates, who may include financial backers.
A senior executive in a very large corporation can earn ten times as much as
a counterpart in a small firm. Salaries also vary from industry to
industry.
As managers move up the organizational ladder, their earnings may be
supplemented by stock options, company-paid insurance premiums, and
expense-paid privileges (such as cars, company planes, club memberships, and
travel expenses). Such additional "compensation" may account for 5 to 10
percent of annual salaries.
There are all kinds of good management opportunities out there. Every
organization is looking for competent, level-headed leaders. Your first
step is to find opportunities that match your interests and capabilities.
Then study, learn from experience as well as theory, and make your
knowledge work for you.
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