Benefits of Different Types of Business Degree Including Career Option

 Costea Lestoc
  Jul 25, 2018

A business degree and its related subjects like finance, economics, management, and accounting are among the most popular fields of study that universities offer worldwide, especially at graduate level.

But, why?

Here are some of the benefits of taking a business degree:

A Business Degree Is On High Demand

A business degree is comprehensive which combines analysis, planning, science, and art. And because business and other related degree graduates acquired a broad skill set, they are in demand in various industries, including insurance, advertising, public relations, marketing, and finance.

The job market of today is on a constant change and is quite competitive, however, business and other related degrees are still highly sought after. This show that job candidates are flexible, competitive and smart which gives them a can leg up over other participants.

Good Salary With Room For Growth

In general, college graduates who hold a business degree and other related degree make a higher salary than their peers. As of May 2015, the median annual income for business careers was at $65,710 according to the Department of Labor and Statistics. While the median annual wage for all occupation was at $36,200.

It is also expected that employment in any business-related degrees can grow to 8% from 2014 to 2024. This means that graduates who receive a business degree can look forward to a steady career with good opportunities to advance.

Mobility And Versatility

Whether you wish to pursue MBA, work at a reputable business company or even start your own business, a business degree opens the door to a lot of opportunities. A graduate of business and other related degrees will have a diverse set of skills that are transferable to different companies and fields.

Great Opportunities

The needs of the economy of today continue to change and evolve. And when you achieve a degree in business and other related subjects, you will learn various skills that you can use throughout your career, regardless of what the economy or the job market looks like.

Remember that business professionals are found in non-profit organizations, start-ups, and large corporations. Regardless of your career goals or passions are, a business degree will give you the necessary opportunities.

The Different Types of a Business Degree and Career Options

Accounting

Have an eye for every detail? Love numbers? Well, studying accounting will help you develop an understanding of accepted accounting principles, the tax law, and the process of managing financial documents on business operations.

An accounting degree has potential career options like:

  • Payroll manager
  • Auditor
  • Accountant

Business Management

A business management degree will teach you a solid comprehensive foundation in important business areas such as operations, sales, accounting and organizational leadership. You will also be equipped to lead and manage a team of people which is beneficial if you have a goal of attaining leadership positions.

A business management degree has potential career options like:

  • Project manager
  • Account manager
  • Sales manager​​​​​​​

Finance

Studying finance will equip you with a broad range of skills and concepts including portfolio management, statistics, economics, and financial analysis and will help you pursue opportunities in finance sectors as well as investment and accounting areas.

Majoring in finance has potential career options like:

  • Financial analyst
  • Portfolio analyst
  • Risk manager

Economics

Choosing to study economic will teach you all about economic principles and theories as well as using math and data analysis. IT will also help in preparing you for analyzing and forecasting trends in economic to improve business performance and operations.

A degree in economics has potential career options like:

  • Economist
  • Contract specialist
  • Budget analyst

Marketing

Do you want to grow or maintain a business by retaining and attracting customers? Then marketing is a great option for you. With marketing, you will be focused on learning the basic areas of market research, marketing strategies, and communication. A marketing department of a business accomplish tasks like consumer research or product promotion to achieve the business’ goals such as improving customer relation, building brand awareness, and increasing sales.

A major in marketing has potential career options like:

  • Marketing specialist
  • Marketing Coordinator
  • Marketing manager

Conclusion:

When it comes to career options, a bachelor of business administration degree acquired from a respectable business school, in one of the most popular choices. This is because you will be fully equipped with a broad range of skills and will prepare you for a healthy career in business which can stretch across any industry or sector.

Benefits of Different Types of Business Degree Including Career Option

Costea Lestoc

Alfred Stallion is the writer of this article. He is a regular contributor at many sites and mainly focuses on business-related topics. He also writes for a site kilgetty.co.za offering company and business registration services in Cape Town.

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