With so many degree choices out there, it can be difficult to narrow down to one field of study that will likely have a great impact on your future.
A business degree is popular for people who are analytical and have an interest in working in the business world in some form or another once they graduate.
So are business degrees worth it?
Business degrees are worth it because they can serve as a springboard to help you start your own business in the future which will provide you with the most income upside as well as the chance to pursue an industry you are passionate about.
Many people will choose careers early in life that subjects them to one role for the rest of their lives. For instance, if you go to school to be a nurse, it is likely that you will spend your career in nursing and it will be difficult to pivot to another industry.
With a business degree, you have a ton of flexibility on the type of roles you can take as well as the different types of industries you will work in.
I have friends in college that I studied business with that work in the following industries
And these are just a few of a multitude of industries that you can pursue with a business degree. Read on below to learn more about the pros and cons of a business degree and whether business degrees are worth it.
5 reasons why a business degree is worth it:
A business degree will give you great flexibility to explore roles across a wide spectrum of industries once you graduate. Business degrees are great preparation for careers like real estate where you will use analytical skills to determine profitability ratios in personal real estate investments or if you work in commercial real estate.
If there is a housing crash and the real estate industry dries up, those skills you learned in business skills are highly sought after in industries like Healthcare, logistics, etc. One of my favorite things about a business degree is that it allows you to diversify your risk and work in industries that are growing. When I got out of college I wanted to work in the financial industry.
Unfortunately, around that time there was an economic collapse that eliminated most of the entry-level jobs that were around the year before and I had to pivot to a new industry. I got into the business side of healthcare and it has been a great career because the demand is always high and it has great growth prospects looking ahead.
The flexibility of a business degree gives graduates the opportunity to try new things and land somewhere that is a good spot for them personally and professionally.
If you study business in college you will get real-world experience through different internships that will help you prepare for life when you graduate.
A business degree is fairly broad in the course of study and you will get learn sales and marketing strategies, accounting and financial modeling, as well as learn how to communicate and work with others in a group setting.
One of my favorite parts of business school was working in a group setting on a project where each group member had a specific task to help collectively meet a goal.
No matter what career you choose down the line, you will need to learn how to work with people with different backgrounds and personalities, so a business degree is a great way to get real-world experience.
Another great thing about business school is the number of relationships that you will make with others in your classes and through internships that can lead to job opportunities down the line.
Many of the top business schools in the country teach the same type of classes as smaller schools, but you will occasionally find more alumni networking groups and opportunities at schools with highly rated business programs.
Harvard business school has a great alumni network and chapters throughout the country that facilitate alumni networking. Alumni are a great resource for landing a new job so be sure to look into the school you are considering alumni network and what the business school can do to help get you connected.
Business degrees provide some of the highest income upsides due to the job titles graduates typically hold and the importance these roles play in an organization.
Careers in sales and marketing typically include a compensation package that is paid on performance and can be a great way to earn a great income.
Large corporations in Healthcare and the IT industry love to hire business degree graduates for sales positions where they will be required to use analytical and problem-solving skills to help impact revenue in a positive direction.
Helps you start a business
One of the most underrated things about a business degree that many don’t think about is that it prepares you with the basic foundation of skills that will help you start a business.
Most graduates don’t start businesses right out of college due to financial obligations, however, the classes you take in a business degree will come in handy down the line in the event you do.
If you decide to become an entrepreneur, you will need to manage all facets of the business by yourself in the early days. This includes bookkeeping, sales, distribution, and other elements that people struggle with.
If you have an interest in entrepreneurship, take your business classes seriously and view them as a preparation ground that will help you down the road.
What types of jobs can you get with a business degree?
Another reason a business degree is worth it is because of all of the different types of jobs you can get with a business degree.
Here are some examples of careers you could potentially pursue:
- Financial Advisor
- Supply Chain
- Shipping and Logistics
- Financial Analyst
- Business Analyst
These are just a few of the many different jobs you can pursue which should give you confidence that there will be opportunities for you after graduation.
Do you really need a business degree?
A business degree is a great option for people who are competitive, have an interest in business, and have some analytical skills.
While you may not be sure exactly what you will do with a business degree right away, try to get internships throughout college and try out a few different industries to see if you can find an industry that may be a good long-term fit.
Business culture varies across different industries so the best way to get a feel for what they are like is to get some work experience and college is a great way to do so.
Is business a good major?
Yes, business is a good major that can open up opportunities across a wide range of role responsibilities and industries.
If you are interested in supply chain, finance, accounting, sales, or another business specialty, a business degree is a great one to get.
How hard is a business degree?
A business degree can be challenging but if you put the time in to study and get to know your teachers a business degree is definitely achievable.
What type of classes do you take with a business degree?
Most business programs are broken down into core classes with specializations you can minor or get a specialty in.
Here are some of the common business classes:
- Business Law
- Financial Management
- Business Statistics
- Business Marketing
- Operations Management
- Supply Chain Management
- Management Information Systems
While you may take many business classes in college that you will never end up using in the real world, you will learn how to think and work through complex problems in most of your classes that will come in handy when you enter the workforce.
Is a business degree worth its conclusion
A business degree can provide you with several career avenues you can pursue and will give you a great foundation to think analytically and learn how to work with others in a group setting.
Get to know your classmates and build relationships with Alumni to help improve your chances of landing a job offer before college.
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