Whether you’re hoping to set up your own business in the near future or have a real interest in the business world, studying a relevant degree could be something for you to consider. Regardless of your desired career path, a degree in business should help you achieve your goals. This is due to the fact that a business degree can open doors to a wide number of career options, which should enhance both your personal and professional development. In this guide, we’re going to discuss some of the key reasons why you should think about studying a business degree:
1. Attractive to employers
In such a highly competitive job market, standing out from the crowd is essential in order to be successful. A business degree offers a generalized program, which gives students a significant understanding of how a business operates, and this knowledge can be transferred to several job sectors. Having a business degree on your resumé is an attractive asset that any employer will look favorably on.
2. Job security
Since business qualifications are well-rounded and adaptable, you’ll be much more likely to achieve greater job security throughout your career. While you may be keen to study a more niche degree that plays to your specific interests, you’ll be cutting yourself off from a vast array of job opportunities. As mentioned, entrepreneurs in any industry will be keen to hire an employee that has a good level of generalized business knowledge, so you’ll likely be able to switch careers much more easily than those with specialized degrees.
3. Career advancement
A business degree will give you the skills needed to compete for promotions within a company. Employers are likely to recognize the fact that you have gained a good understanding of how business works and the key components of running a business successfully. When a promotion becomes available, having a business qualification will stand you in much better stead than other employees. With this in mind, you should have better career prospects for the long term.
4. Competitive earning potential
Students who have qualified in business typically receive a higher salary than other graduates or those with no qualifications at all. According to a study, business graduates typically have a starting salary of $60,000, and this figure is believed to rise after just a few years. The reason for this is that the economy is growing significantly due to customer demand, which means that business graduates are sought after by companies. Ultimately, this should work in your favor, as you’ll be able to negotiate a salary that you’re happy with.
5. Work experience
Many role job roles now require a certain amount of work experience from the candidate, and in some cases, a business degree can offer such experience. During a business degree course, you’ll be learning theories and putting them into practice on your projects, and potentially even being given the opportunity to go on a placement as part of the program. By having this form of experience under your belt, you may find that you’ll get into your desired career without too many obstacles.
6. Flexible study
Not everyone can afford to give up their employment and go into full-time education. When you have bills to pay and personal commitments, it isn’t a reasonable option. The good news is that you can now study an entrepreneurship degree online. Courses are typically just eight weeks long and can be studied from the comfort of your own home on a flexible basis.
The social life of a university student is vibrant. During your course, you’ll have the chance to network with a wide number of people who may be able to help you progress, such as professors and industry professionals who may be able to guide you in seeking job opportunities in your desired sector.
8. Developing skills
As briefly mentioned, a business degree will help you expand your knowledge and skillset in several areas that will aid your development, both personally and professionally. The skills gained from a business degree are likely to include:
- Critical thinking
- Communication skills
- Decision making
- Time management
- Report writing skills
9. Job versatility
A business degree could open doors to a wide variety of career paths that you potentially have never even considered before. Graduates tend to work in many fields, including finance, management, sales, insurance, administration, and teaching, to name just a few. If you don’t have the ambition to work for an employer, you could decide to start your own business and know how to run it successfully.