Business management and finance are closely related and often overlapping industries. For example, business management includes all aspects of overseeing and supervising business operations, including finance.
Financial services is one of the largest industries in New Jersey, with the economic development organization Choose: New Jersey calling the state a “financial hub.” In 2018, the financial services industry accounted for 6.4% of total private sector jobs in New Jersey and contributed $33 billion to the state economy.
Several county vocational-technical school districts offer programs in business and finance, which give students opportunities for in-depth study of various business subjects, including accounting, marketing, management, investing, and international business.
All these programs offer hands-on, real-world experience for students, including an actual bank branch at Passaic County Technical Institute and a simulated trading floor at Bergen Academies.
Graduating from high school with business skills or an understanding of the basics of finance gives all students a leg up in the world of work, no matter their plans or next steps. And students often make meaningful contacts in the industry to begin building their professional network.
Why Business and Finance?
- Employs 8.4 million people nationwide
- Accounted for 8.3% of U.S. GDP in 2020
- NJ is #3 in the country among top-paying states for business and financial operations occupations
- Employment projected to grow 8 percent from 2020 to 2030
- NYC-Newark-Jersey City metropolitan area has highest employment level in business and financial operations occupations in the country; Philadelphia-Camden-Wilmington area is 9th
- New Jersey is a top-choice for financial services companies and home to more than 25% of financial technology companies, an emerging subsector of the finance industry
- Median annual wage for business and financial occupations was $72,250 in May 2020
- Fast-growing positions include market research analysts and marketing specialists, personal financial advisors, and financial analysts
Career pathways in this area include:
Accountant
Actuary
Chief financial officer
Entrepreneur
Financial analyst
Financial manager
General operations manager
Human resources manager
Insurance underwriter
Management analyst
Market research analyst
Personal financial advisor
Stockbroker
Training and development specialist
For Students And Parents:
To see what business and finance programs the county vocational-technical school in your county offers, find your school.
For More Information About Careers In Business And Finance:
O*Net OnLine has comprehensive information on all types of jobs, including surveys that help people find careers they might enjoy.
View videos on career pathways in business and finance:
From US Department of Labor Career One-Stop:
https://www.careeronestop.org/Videos/IndustryVideos/business-management-and-administration-overview.aspx
https://www.careeronestop.org/Videos/IndustryVideos/finance-overview.aspx
Learn about careers in financial services:
https://workingnation.com/i-want-that-job-financial-advisor/
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Move the Needle is Hudson County Technical Schools’ Business Partner of the Year
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