The employment standard has risen sharply over the years with several employers setting Bachelor’s degree as the benchmark for hiring. Of course, the Bachelor’s degree is expected to be from an accredited institution.
There are several reasons why this is so, and it’s primarily attributed to the increase in the required skills for jobs. Hence, the need for college graduates with a vastly superior skill set.
What is the implication for this, and how does this affect you?
If you have not had your college degree, this is the right time to consider getting one. And if you are contemplating on the course to study, you should seriously consider a course in business.
Studying business gives you a wide repertoire of study areas available to you, depending on what your interests are. There are limitless options and possibilities in the business study as it entails accounting, business administration, business management, finance, etc.
Aside from that, several other reasons why you should plan think about having a degree in business degree abound irrespective of your future career path.
1. Learn Management Skills
If you intend to go into management at one stage or the other in your career, then you should start learning about business management.
Enrolling in a management skills course from Impact Factory is a great idea . These skills can be used in other facets of life aside from business management as it relates to problem-solving, critical thinking, and innovation. Critical thinking ability which enables you to make fast and right decisions will be of help in your career as well as your daily life activities.
Some other skills you could learn from business management programs include:
- Report-writing and presentation
- Resource control and management
- Preparing and interpreting financial data
All these are useful skills in whatever job you do, whether business related or not. You will definitely experience a life-changing experience by studying business.
2. Potential to Enjoy High Earnings
On the average graduates with business, degree earns about $55,000 annually. This is relatively higher than most other degree graduates, and it has the potential of helping graduates earn more on the short-term and long-term.
In fact, research shows that business degree holders are next to engineering and computer science in ranking for the highest entry-level starting salaries.
For those with a large debt of unpaid student loans and worried about how to pay it off soon after graduating. A business degree is one of the ideal solutions as it guarantees a faster rate of getting employed and earning salaries capable of paying off the debt.
3. Widen Your Horizons
Pursuing a business degree will expose you to lots of things even if you don’t have the intention of being a finance manager, or accountant. It will provide the right platform to pursue your life’s goals and passion successfully.
For instance, if you are passionate about making jewelry and have a goal of starting a hand-made jewelry business in the near future. Acquiring knowledge about making jewelry is not enough to guarantee success.
You also need to learn some business management skills such as writing a business plan, how to obtain finance, how to prepare profit and loss account; all these will position your business for success.
4. Gain a Global Perspective
Unlike several programs which is streamlined to a specific scope, studying business allows one to view things on a global scale, especially when it relates to the international economy of today.
This is ideal for those who intend to have a wider perspective and knowledge about various issues. Your chances of getting to study outside your country are increased with business studies. Here are some FAQs about studying abroad.
Aside from studying abroad, your program will enable you to collaborate with a vast, culturally diverse group of international students. Through this, you could learn one or two new languages and enhance your communication skills.
5. Combine Your Passions
Most people don’t know that taking up a degree in the business allows them to combine it with other programs they love. This ensures they get to pursue their chosen career while also learning about business.
Most people with a business degree also have other degrees alongside because it’s quite easier to combine the business program with other programs.
Some students graduate with double-majors with one of the courses being business related. Imagine the thrill of walking to the podium to receive two degrees that will set you above your colleagues and help you fulfil your goals.
6. Balance Practice and Theory
If you are often bored with the theoretical aspect of learning and you prefer a more practical course, then a business course is the perfect option. Business courses offer the perfect blend between theory and practical.
About fifty percent of your time will be spent learning about business models and theories, while the remaining time will be used to gain hands-on knowledge about business practice.
This is the case with most reputable business management school. There are several courses in business management that could sharpen your skills and provide a right blend of practical and theory. It will also provide the right opportunities to have hands-on experience which will set you apart in the job market. College Choice has listed some great undergraduate business schools with flexible schedules.
7. Further with your Education
Even if you already have a degree in other disciplines aside from business, you will still be opportune to further your education career with a Master’s degree in Business Administration (MBA). This degree is highly relevant irrespective of your career path, and lots of schools offer short duration MBA programs.
It also offers a bit of flexibility and less stress as you could do it alongside your present job (if you have gotten a job already) as there are online and weekend MBA options.
8. Increase Your Value in the Job market
Did you know that on average, a student with a business degree gets a job within six months after graduating?
This can be attributed to the significantly high demand for graduates with a business degree due to today’s economy, and this pattern doesn’t look like declining anytime soon.
So, as a graduate, you should strongly consider taking business courses if you intend to boost your chances of securing a job faster. There are also unlimited opportunities for business graduates whether they choose to remain in their country or explore other frontiers by traveling outside the country.
9. Enhance Communication Skills
In the course of your business program, lots of international students and people from all walks of life will be involved. This is a perfect opportunity to enhance one’s communication skills, which will prove useful in the long term.
From learning how reports are written to relating and communicating with people of diverse cultures, your ability to relate with people will be further strengthened, and your rapport with those around you will be more meaningful.
Another critical aspect of business management study is learning how to decipher body language while listening actively. All these skills will not only impact you positively in your chosen career; it will also enhance your daily social interactions.
10. Challenge Yourself
Do you desire a new challenge? Business programs could offer a bit of healthy challenge. For instance, enrolling for training courses in business management will help you become a more logical thinker. You will also be exposed to how to deal with lots of challenges you may face later in life (both in your career and other aspects of life).
If you see yourself as that go-to person when others encounter issues, then you might consider enrolling for a business program to improve on yourself.
11. Become Your Own Boss
Everyone dreams of becoming a boss someday when you would be able to make decisions for yourself and by yourself. These skills are essential as it not only helps you make a living; it also enables you to make a life.
From learning how to manage your money wisely to learning how to write a business plan and business finance, you will know how to start up your business. Aside from starting up your business, you will also learn how to manage it to profitability and sustainability. These and many more are what earning a degree in business can offer to you and your new business.
No matter the career path you choose, you will always find it useful and beneficial studying business. Because of the wide adaptability of business skills, you will be more equipped with the right arsenal to excel in your chosen career.
If you intend to know more about what studying business entails and the steps you need to take, kindly set up an appointment with a reputable institution or business school to know more about their management skills training courses.