ULTIMATE CAREER GUIDE BUSINESS OPERATIONS MANAGER | Career in Business Operations Management
Summary
TLDRIn this informative video, Sheesh introduces viewers to the thriving career of a business operations manager, highlighting key roles, skills, and future prospects. The script emphasizes the importance of organizational skills, leadership, and strategic planning in driving business efficiency and profitability. It also outlines the educational path, including a bachelor's degree in business and the potential for an MBA, and discusses job opportunities in various industries, with a focus on the tech, consulting, and finance sectors.
Takeaways
- 😀 The demand for organizational professionals is increasing as businesses grow, leading to a rise in roles like business operations managers.
- 🔑 To become a business operations manager, one should download a free guide on selecting the right career from the provided link.
- 📈 The role of a business operations manager is to lead and supervise employees, ensuring productivity and efficiency while maintaining customer satisfaction.
- 💼 Business operations managers are part of the management team, overseeing high-level HR duties and analyzing organizational processes for improvement.
- 🌐 This career offers flexibility to work in various industries and is crucial for the success of any business, regardless of size.
- 📊 The future scope for business operations managers is promising, with a projected 6% growth in positions by 2030, according to the US Bureau of Labor Statistics.
- 💰 The average income for business operations specialists ranges from $70,000 to $100,000 annually at entry-level, with more experienced roles earning up to $150,000.
- 🏆 Key skills for business operations managers include leadership, strategizing, analyzing, decision-making, and conflict management.
- 📚 A bachelor's degree in business is typically required, with an MBA being beneficial for advanced roles and demonstrating leadership skills.
- 🛠️ Operations managers are responsible for implementing and maintaining organizational processes, managing personnel, inventory, financials, and reporting on business functioning.
- 🚀 For those organized, detail-oriented, and interested in maintaining smooth operations, a career as a business operations manager could be ideal.
Q & A
What is the role of a business operations manager?
-A business operations manager is responsible for leading and supervising employees to ensure productivity and efficiency of operations, providing direction on handling tasks, and maintaining customer satisfaction. They also help implement strategies for revenue or profitability and oversee high-level HR duties such as attracting talent and setting training standards.
What are the future scope and job opportunities for business operations managers?
-The future scope for business operations managers is positive, with the US Bureau of Labor Statistics projecting about a 6% growth in positions by 2030. They are in demand across various industries, especially in technology, consulting, and finance sectors.
What is the average salary range for business operations specialists?
-The average salary for a business operations specialist in the US is about $85,000 annually, according to the Bureau of Labor Statistics. For more experienced roles, it can go up to $100,000 to $150,000 annually. Entry-level positions typically range from $70,000 to $100,000.
What skills are essential for a successful career as a business operations manager?
-Essential skills for a business operations manager include leadership, strategizing, analyzing, decision-making, and conflict management. These skills are crucial for overseeing organizational processes and ensuring the smooth functioning of the business.
What are the typical responsibilities of a business operations manager?
-Typical responsibilities include implementing and maintaining organizational processes, overseeing human resources, managing inventory, handling financials and accounting, and reporting on the business's functioning and the effectiveness of implemented processes and policies.
What educational background is required to become a business operations manager?
-A bachelor's degree in business is typically required, with a focus on business fundamentals such as finance, budgets, supply chain management, and strategy. An MBA can be beneficial for demonstrating leadership skills and mastery in advanced strategies for an organization.
How can one gain experience in business operations management?
-One may need to start in an entry-level position and work their way up. Gaining experience in lower-level roles within an organization can provide the necessary exposure to eventually move into a more managerial role.
What are some potential career paths after working as a business operations supervisor?
-Potential career paths include operations manager, business analyst, operations specialist, project manager, operations assistant, business consultant, chief operating officer, or CEO.
Which industries commonly employ business operations managers?
-Business operations managers can work in various industries, including manufacturing, service providers, banks, credit unions, retail, and more. Almost every organization requires an operations manager to oversee day-to-day business.
Which companies are known to offer jobs in business operations management roles?
-Top companies offering jobs in these roles include Accenture, Deloitte, EY, Cognizant, United Health Group, KPMG, PwC, Tech Mahindra, and Reliance, among others.
How does the script suggest one can enhance their career prospects in business operations management?
-The script suggests downloading a free guide on selecting the right career, enrolling in online courses to build skill sets, and pursuing higher education such as an MBA for advanced strategies and leadership skills.
Outlines
🚀 Introduction to Business Operations Management
The script introduces Sheesh, the host of the channel, and sets the scene for a discussion on the growing demand for organizational professionals, particularly business operations managers. It outlines the video's agenda, which includes defining the role, discussing future scope and job opportunities, required skills, roles and responsibilities, and a roadmap for career development in business operations management. The host also encourages viewers to download a free guide on career selection.
🌟 Understanding the Role and Opportunities in Business Operations Management
This paragraph delves into the specifics of what a business operations manager does, emphasizing their role in driving continuous improvement and refining business processes. It highlights the importance of this position in the success of businesses across various industries and sizes. The script also touches on the career prospects, including the potential for high earnings in sectors like technology, consulting, and finance, and references the projected growth in job opportunities by 2030 according to the US Bureau of Labor Statistics.
📈 Key Skills and Responsibilities of a Business Operations Manager
The script identifies essential skills for a successful career in business operations management, such as leadership, strategizing, analyzing, decision-making, and conflict management. It outlines the general responsibilities, which include managing processes, personnel, inventory, financials, and reporting. The paragraph also discusses the importance of a bachelor's degree in business and the potential benefits of obtaining an MBA for career advancement.
🏫 Education and Career Path for Aspiring Operations Managers
This section provides insights into the educational background needed for an operations manager, suggesting that a bachelor's degree in business is fundamental. It mentions the value of an MBA for leadership and strategy skills. The script also advises that practical experience is often required, suggesting that starting at an entry-level position and working up is a common career path. It concludes with a call to action for organized and detail-oriented individuals with strong communication and management skills to consider this career.
Mindmap
Keywords
💡Business Operations Manager
💡Organizational Professionals
💡Productivity
💡Strategizing
💡Operational Efficiency
💡Revenue Generation
💡Career Scope
💡Skills
💡Educational Requirements
💡Job Responsibilities
💡Career Path
Highlights
The demand for organizational professionals is increasing as businesses grow.
Business operations managers play a vital role in the success of any business.
The goal of an operations manager is to encourage continuous improvement of business processes.
Operations managers help implement strategies to generate revenue and profitability.
The career of a business operations manager is highly marketable, especially in tech, consulting, and finance sectors.
According to the US Bureau of Labor Statistics, there is a projected 6% growth in operations manager positions by 2030.
The average income for a business operations specialist role ranges from $70,000 to $100,000 annually at entry level.
Experienced business operations specialists can earn up to $150,000 annually.
Potential career paths after working as a business operations supervisor include business analyst, project manager, and COO or CEO.
Operation managers are needed in various sectors, including hospitals, banks, and retail stores.
Top companies hiring for business operations managers include Accenture, Deloitte, EY, and PwC.
Leadership, strategizing, analyzing, decision-making, and conflict management are key skills for business operations managers.
A bachelor's degree in business is typically required to pursue a career in operations management.
An MBA demonstrates leadership and strategic skills, advantageous for higher management positions.
Most organizations require experience in addition to education for an operations manager role.
A career in operations management is suitable for organized, detail-oriented individuals with strong communication and management skills.
The video offers a step-by-step roadmap for pursuing a career in operations management.
The video includes links to online courses for further skill development in operations management.
Transcripts
well hey everyone i'm sheesh and welcome
back to my channel well with businesses
becoming bigger and bigger every year
the demand for more and more
organizational professionals is
skyrocketing there are many roles that
are based on top organization skills to
keep things streamlined and increase
productivity
one such profession in recent times is
that of business operations managers and
today we're going to learn how to become
one
now before i begin this video remember
to download a free guide on selecting
the right career by clicking on the link
in the description box below
in this video i will talk about five key
points number one what is business
operations manager number two what is
the future scope and job opportunities
in this career then we're going to talk
about what skills are required roles and
responsibilities and then complete
roadmap on how to build your career as
operations managers or business
operations managers let's look into this
exciting career of business operations
manager
[Music]
hi i'm shirish gupta and i empower
people to hack their success rise above
the challenges and confidently create an
extraordinary life they deserve
[Music]
a business operations manager career
path is a great choice for people who
like to work behind the scenes in an
organization
this position is a vital role in the
success of any business no matter how
big or small and you would have
flexibility of working in almost any
industry with this career
in one line the goal of an operations
manager is to encourage continuous
improvement of business processes and
constant refinement of the company's
products
a business operations manager is a
professional who is responsible for
leading and supervising employees to
ensure productivity efficiency of
operations and providing direction on
how best to handle different tasks while
maintaining customer satisfaction now
business operations managers help
implement strategies that will help
generate revenue or profitability for
the company
now an operations manager is a key part
of a management team and oversees high
level hr duties such as attracting
talent and setting training standards
and hiring procedures as well they also
analyze and improve organizational
processes and work to improve quality
productivity and efficiency
well they are sometimes known as a chief
operating officer or ceo at the top
level
now business operations are all the
activities accomplished behind the
scenes to keep the business running in
most businesses operation managers
oversee the big picture of their
organization
now they are responsible for managing
processes purchasing accounting human
resources inventory and i.t there are
different levels to an operations
manager's career path operation managers
are sometimes also known as chief
operating officer as i've told you
earlier
now their role is critical in ensuring
businesses run smoothly and have
everything they need to be effective yes
becoming a business manager is a great
career especially if you're organized
and detail-oriented professional with an
interest in maintaining the smooth
operations of the organization
now let's understand more about this
career with the future scope salary
offered top companies hiring for
business operations managers
[Music]
because of the increasing importance of
innovation in business skills in
production oriented operations
management are highly marketable
students with these traits are capable
of helping the world's most creative
companies like apple google ge and many
others
one positive thing about this career is
how lucrative it can be yes in most
industries especially in technology
consulting and finance sectors good
business operations managers are highly
sought after
now when deciding whether to pursue a
career as a business manager it may be
beneficial to know about career outlook
projections to assess future job
security now according to the us bureau
of labor statistics project about six
percent growth in positions by 2030
across the world which is as fast as
average also
when we talk about an average income for
a business operations specialist role
these days in the job market for entry
levels something around seventy thousand
to hundred thousand us dollars annually
on world scale
the median annual wage for business
operation specialist in the us was about
eighty five thousand dollars according
to bureau of labor statistics and for
more experienced role it can go anything
up to 100 000
to 150 150 000 annually
now these are u.s numbers but overall
this career has a good payout in your
local currency as well so it's a great
career now your salary will likely
increase as your experience increases
the more experience and education you
have the more likely it is that salary
will be closer to the average or higher
average
some of the potential career paths that
you can get after working as a business
operations supervisors are operations
managers business analyst operations
specialist project manager operations
assistant business consultant chief
operating officer or ceo and many more
like that
now operation managers can work just
from anywhere from hospitals to banks
and retail stores just about every
organization needs an operations manager
to run the day-to-day business as an
operation managers you could work for
many different types of organizations
including manufacturers service
providers banks credit unions and retail
now companies that offer jobs in these
roles are almost everywhere some of the
top ones are accenture deloitte ey
cognizant united health group kpmg pwc
tech mahindra reliance and many more
now that we know there's a huge growth
in the business operations manager's
career let's explore skills required and
job responsibilities and ideal work day
in this profession
well there are skills that every person
working in business operations need to
have to be successful in the field
now there will be some jobs that require
you to have more specific skill sets but
these are a few of most important skills
that you should have number one is
leadership as a manager you will be
looked upon as a leader in your
organization so it is important next is
strategizing
understanding business strategies of
vital importance and you should be able
to plan and implement strategies as well
next come analyzing you will be
responsible for analyzing processes and
policies to ensure they are working for
the organization
next come in very important decision
making as an operations manager you will
be responsible for making decisions on
behalf of the organization so it's
imperative that you have good decision
making skills
next comes conflict management well this
refers to not just personal conflict but
any conflict that occurs within your
organization's business operations
after skills now let's talk about roles
and responsibility of business
operations specialists well in general a
role of an operations manager is to
manage all activities involved in
producing the goods and or services of a
business in the retail industry for
example an operation manager would
manage all activities related to daily
retail floor functions as well as
planning and strategizing there are a
lot of opportunities in business
operations as well the responsibilities
of an operations manager will vary from
different organizations and industries
as well but in general you can expect to
do most of the following tasks while
working as a business operations
number one is processes
an operation manager is responsible for
implementing and maintaining processes
that are organizational uses this
includes software and other programs
that organization uses to function every
day
next is personnel human resource is a
big part of operations in any
organization as an operations manager
you will either be overseeing the hr
department or working very closely to
help solve personal issues
third inventory this is specifically
true for an operations manager who work
in retail or for business that sells
specific products
next come financials accounting and
finances are another big part of an
operations department similar to hr you
will be either be overseeing the
accounting department or working closely
for review budgets review growth and
profitability
next comes reporting an operations
manager responsible for reporting on how
the business is functioning and whether
the implemented processes and policies
are working or need changes actually now
after looking at the roles and
responsibility let's look at the most
curious section on what education does
an operation manager needs and how to
pursue this career with complete
step-by-step roadmap
[Music]
a bachelor's degree in businesses needed
for a job and business operations this
type of degree program will focus on
business fundamentals that are critical
for success
now things like finances budgets supply
chain management and strategy are taught
in business management undergraduate
programs this will give you the
knowledge and experience you will need
to get started in operations management
if you are in school or college and you
are exploring this career option make
sure to take notes from this video and
also pursue some online courses and
build your skill set in this area and as
always i have some super amazing courses
listed specially for you in the
description box and comment section
below so make sure to check out these
links and enroll for these online
classes if you're looking for to get
something in related to this career and
yes a bachelor's degree isn't likely
going to do the job you may have to
start a more entry-level position and
work your way up
it would also be beneficial for you to
obtain your master's degree in business
administration mba
this additional credential demonstrates
skill and mastery in leadership a key
element for any management position an
mba will focus on leading people
overseeing processes and creating more
advanced strategies for an organization
this is key for operations management
actually a key lesson taught in
production or operation management
degree programs is how to manage a
company's innovation process a degree in
this field offers abundant career
flexibility and can lead to a high
salary as well now some universities
have world-class programs at mit
carnegie mellon purdue university
university of michigan ann arbor
stanford university georgia tech ohio
state university of pennsylvania
michigan state university penn state
university ut austin ntu singapore in
sierra hcc oxford nyu i am ahmedabad imc
delhi and many more for professionals
it's important to know that most
organizations will require that you also
have some experience before hiring you
as an operation manager you may have to
start at a lower level position and then
work towards getting to a more
manageable kind of a role
well in the end if you are an organized
and detail-oriented person have strong
communication and management skills with
an interest in maintaining the smooth
operations of an organization this could
be a perfect career for you
[Music]
well thank you so much for watching this
video really appreciate it please make
sure to support my work by liking and
sharing this video and also subscribe to
my channel and hit that bell icon if you
need any personalized help comment below
or reach out to me on my social media
platforms and my team can help you in
step by step process of career and
college admission and building an
extraordinary life for yourself i will
see you shortly with another amazing
video on career college admission and
living extraordinary till then this is
sheri saying goodbye
[Music]
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