Business management and consultancy
Australia's business sector encompasses a range of enterprises, varying in size from small start-ups to medium-sized ventures and large corporations. During the Australian financial year 2022/23, there was a 0.8% boom in the total number of businesses, equating to an increase of 19,973 establishments.
With a strong emphasis on innovation and technology, Australia's business landscape is evolving, creating opportunities for professionals to engage in cutting-edge developments. For potential employees, this growth translates into a wealth of opportunities.
Career opportunities
A background in scientific education equips individuals with analytical thinking, problem-solving skills, and a rigorous approach to data interpretation - which are highly sought after by employers. The development of these skills is particularly evident in disciplines such as mathematics, statistics, physics and chemistry.
The systematic and detail-oriented approach developed in scientific training aligns seamlessly with the demands of various business roles, from project management, strategic planning, finance and consulting.
Embracing a career in business with a science background not only equips individuals with a diverse skill set but also brings a unique perspective to problem-solving and innovation, positioning them as valuable contributors in the multifaceted world of business.
A CEO holds the highest position in a company and plays a central role in its leadership. Responsible for making critical decisions, the CEO sets the overall strategic direction of the organisation. They provide vision, guidance, and leadership to the management team and the entire workforce, ensuring alignment with the company's goals.
Whether it be a small start-up or a multinational corporation, CEOs require effective communication, strategic planning, and the ability to adapt to dynamic business environments.
The ability to approach challenges with a methodical and data-driven perspective combined with effective communication positions science graduates at an optimum advantage to navigate the complexities of a business.
Average annual salary: $216,600 *World Salaries
A business analyst examines and interprets data to enhance organisational processes and decision-making. Analyst roles encompass generalist positions, offering broad advice on overall business improvement, or specialised roles focusing on specific areas of business like finance, operations, or supply chain.
Analysts use their expertise to identify patterns, trends, and potential areas for improvement, providing valuable insights that guide strategic decision-making.
A science education equips individuals with the analytical and problem-solving skills essential for this role, enabling them to navigate complex data and contribute to informed decision-making across diverse business disciplines.
Examples of hiring employers can include PwC Australia, Deloitte and EY.
Average annual salary: $111,700 *World Salaries
An actuary uses data to evaluate risk and assess opportunities. They have a strong understanding of mathematics and statistics and use techniques to help businesses make decisions about the future.
They are responsible for using complex mathematical analysis to derive insights, shaping evidence-based solutions for businesses.
A degree in science or math degree equips individuals with a strong foundation in quantitative analysis, problem-solving, and data interpretation—key skills for success in the field.
Hiring industries:
- Insurance
- Banking and finance
- Consulting firms
- Technology
- Government
- Private sector
Average annual salary: $123,000 *World Salaries
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Paul Khoury