There is no doubt about the competitive nature and fast pace of the business world today. For a lucrative career in business, a higher paying job and better promotional prospects, a business degree is imperative. But an education and career in business is not as cut and dried as many may think it is. There are many variations in terms of degree programs to be chosen, job options available and the like. Business skills are now required in all fields. From Government to Commerce, Healthcare to Entertainment, and even the Non-Profit Organizations, all require the skill set and training in business. A business degree can be applied to literally any type of industry and can also assist you when starting up your own business.
With the number of graduates opting for business degrees every year on the rise, employer's expectations are also expanding. Being a highly practical subject, business majors need to be constantly updated with the advancements and status of the technologically advanced international business markets.
Business degree programs include a curriculum heavy on finance, management, analysis, computer applications, and accounting. A good business program will aim to develop leadership skills and innovative thinking. Degree programs also involve in-depth research as well as the study of ethics, organizational behavior, and social interaction.
You can choose from a variety of degree options depending on your long-term career goals and interests, such as:
Associate's Degree in Business
It provides a foundation for further studies in business. An Associate degree in business also counts for applicable credits towards a Bachelor's program and gives you the chance to ensure that you are completely passionate about the subject and willing to dedicate the requisite number of years spent on an advanced degree for the same.
Bachelor's Degree in Business
It is the minimum requirement of most employers consider for an entry-level position in business. A Bachelor of Business Administration (BBA) will prepare students for careers in financial services, economics, accounting, sales, human resources, and marketing. Statistics show that people with Bachelor's degrees benefit from higher salaries and higher-level job positions as compared to those without.
Master's Degree in Business
This is where the area of business breaks off into highly specialized fields and research. For example, a Master's of Business Administration or MBA could greatly enhance your career opportunities. Several Master's programs are also targeted towards people who have been working for a while and need the increased academic credentials to move up higher on the corporate ladder.
Doctorate Degree in Business
This is the highest echelon of academics. In terms of a business degree, it involves a research project or thesis on of the many applied fields such as finance, marketing, human resources etc. These programs are well-equipped with skills and training required to lead, teach, or consult in one's chosen field of interest.
What are the career options for a business major?
There are several career options open even with the basic business degrees. You could look at areas as diverse as sales and marketing, healthcare administration, travel management, finance and investments, human resource management, retail management, business consultancy, investment advisers and venture capitalists.
Whatever you finally choose, your education will form the foundation of your success. You can opt for either a traditional courses, or business programs offered On-Campus or Online, which allows you the flexibility to study at your own pace as well as juggle all your other commitments.
