A management trainee works in any number of industries as an entry-level manager. Management trainees may work in finance, retail, business, or any other numerous industries. Depending on their industry, they might be responsible for overseeing retail operations and training staff or preparing financial statements and seeking opportunities for corporate expansion. No matter which industry they work for, however, most management trainees have some level of responsibility for managing employees and directing some aspect of the business.
Management Trainee Job Education Requirements
Management trainees need at least a bachelor's degree in business or another relevant field, but employers increasingly seek out candidates with a master's degree in business administration. Most management trainees also receive significant on-the-job experience, especially as trainees. Management trainees also benefit from having excellent organizational, communication, and analytical skills.
Management Trainee Job Market
The job market for management trainees shows signs of continuing to grow at an average rate for the foreseeable future. Job growth varies by industry, but most businesses will continue to seek experienced managers who are capable of leading the organization, helping it grow, and ensuring it keeps costs down. In general, management trainees, managers, and executives all face significant competition, since there are always more candidates than available job openings. To stay competitive in any industry, management trainees should pursue the highest level of education possible in their field, with relevant experience and skills.
Management Trainee Job Salary Information
According to the Bureau of Labor Statistics, salaries for management trainees vary significantly depending on their industry. For example, sales managers earn an average of $75,000 a year, while financial managers earn about $105,000 a year. No matter the industry, though, management trainees can look forward to increased pay with additional experience. High-level financial managers, for instance, earn upwards of $185,000 a year.