Want to earn a rewarding salary and achieve professional success? Then a degree/diploma in Business Education is the perfect way to achieve your dreams. Currently there is a high demand for business graduates across the globe. The skills you will learn in business Schools will that help you to succeed in every field.
What are the Different Types of Business Degrees?
With the growth of globalised business and trade, the demand for skilled and trained executives and managers have increased manifold. You need to gain specialised skills and knowledge to get an edge over your competition.
But Why Should You Study Business?
If you are looking forward to a career that offers an attractive salary with great future prospects, then a business degree/diploma would be an excellent option for you.
According to the US 2013-14 PayScale College Salary Report, the average starting salary for business graduates is US$43,500 and the average mid-career salary is US$71,000.
Average Starting Salary (US$) Average Mid-Career Salary (US$)
Finance $49,200 $87,100
Accounting $45,300 $74,900
Marketing Management $42,100 $80,200
International Business $43,800 $83,700
Human Resources $38,000 $63,900
Organizational Management $41,900 $60,300
According to the TopMBA.com Jobs & Salary Trends Report, the average salary for MBA graduates is almost US$109,200 in the US and Canada. In Australia, as an MBA graduate you can expect an average salary of US$117,800.
There is a high demand for business graduates across industries worldwide. 9 out of every 10 business graduates in 2013 were employed within 6 months of completing their graduation.
According to the Graduate Management Admission Council, the employment rate for MBAs -
Year Percentage
Class of 2013 92
Class of 2012 90
Class of 2009 85
A business management degree will enable you to explore various job opportunities and work in your preferred industry. You can easily get hired in different managerial positions in various sectors like banking, insurance, media, medicine etc.
Business studies can teach you the right skills and provide you the tools that you will need to begin your own business venture. You will learn to manage finance, operations and marketing of your business.
Having a business degree will also increase your chances of attracting investors and funding.
Business studies provide you excellent opportunities for expanding your network and connect with various professors and professionals. This opens up new avenues for business partnerships and connections.
Established businesses claim that 47% of their business is generated through effective networking.
Having formal business training will improve your abilities so that you can manage operations, create business plans, control costs, analyze data and make effective strategic decisions for future growth.
A business management degree/diploma will enable you to supervise and manage your staff and employees efficiently. You will learn how to motivate them and deal with employee grievances efficiently.
Business education also helps you in your personal growth and development. You will be able to -
- Exercise Leadership in Communities
- Improve Your Analytical and Creative Thinking
- Improve Oral and Written Communication Skills
- Develop Interpersonal Communication Skills
- Analyse Problems and Find Solutions
- Make Better Decisions
- Identify and Deal with Ethical Issues
- Easily Adapt To Ambiguity, Complexity and Uncertainty
After you business studies, you can opt for further education in different disciplines like Finance, Marketing, Human Resources, International Business and Computing/ICT. If you are an undergrad, then you can opt to study MBA to improve your expertise in specific business areas.
Some professional qualifications you may pursue-
- Chartered Institute of Management Accountants (CIMA)
- Association of Chartered Certified Accountants (ACCA)
- Chartered Institute of Personnel and Development (CIPD)
- Chartered Institute of Marketing (CIM)
- Chartered Management Institute (CMI)
- Common Professional Examination (CPE)
- Graduate Diploma in Law (GDL)
Around 75% of all business graduates get employed within 6 months of graduating.
Almost a 5th among them are employed as finance, HR and business professionals in fields like insurance, human resources, banking, business consultancy, chartered accountancy, tax, marketing etc.
Over 12% of business graduates opt for higher studies or balance work and education at the same time.
Percentage
Employed 73.4
Further study 6.6
Working and studying 5.1
Unemployed 10
Other 4.8
Still Wondering about Why You Should Pursue Business Studies? Don’t!
With your business degree, you will develop comprehensive knowledge of business management and operations and acquire essential skills for your targeted field.
You will get the opportunity to explore different fields in a global context and gain various valuable transferable skills during the process.
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