Business Studies- An Investment for Your future

Wondering about why you should pursue Business Studies? Then read on...

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?

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• Earn High Salary and Get Loaded...

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. 

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• Salary for Different Specialisations:

                                                     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.

• Outstanding Career Prospects...

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

• Explore Wide Range of Job Opportunities...

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.

• Prepare to Start Your Own Business...

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.

• Cash-in on Excellent Networking Opportunities...

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.

• Expand Your Business Skills...

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.

• Learn to Manage People Effectively...

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.

• Great Scope for Your Personal Development...

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 

• Strengthen Your Future with Further Education...

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) 

• So...What Can You Do as a Business Graduate?

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.

• Destinations for Business Graduates-

                                                                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.

Simple Steps That Will Help You to Find the Right Online Programme

Are you thinking about pursuing an online degree programme? But confused about which programme to choose? Well...I can assure you that you are not alone? Most students I encounter ask me how can they determine which online degree programme will be right for them.

Apparently there are numerous online programmes offered by innumerable online colleges and universities from around the world. Many institutes even offer the same programmes but with different course and credit structures.

So How Do You Choose the Right One?

The only effective way is to invest some time and do proper research. In case of brick and mortar colleges, you can easily visit the campus, read the guidebooks and brochures and even consult with the alumni. But in case of online degree programmes there is no such established path that will help you to find and choose the right programme and school.

In fact, it can be even more challenging as most online schools introduce new courses and programmes almost every week. If you search the internet for an online advanced diploma in business, you will find an abundance of websites that will guarantee to offer the best online courses and programmes.

Assistant Dean (for Graduate and Online Programs) at the Washington State University College of Business, Cheryl Oliver, says “There is so much static out there...It's really hard for people to know what is a legitimate degree and what programs are just going to take their money and put them through the motions.”

So what do you do? Simply follow these steps that experts believe will help you to filter information and find the most appropriate online institute and programme-

Check Individual School Websites and Reliable Sources

It is imperative that you check the websites of all relevant institutes in order to find the required information. An official website will provide you with detailed information about the institute and the programmes they offer. Websites that simply rank different schools and online programmes cannot provide you with comprehensive information. In fact, some websites will even ask you to pay money to get the information. Moreover, as some schools pay different portals to get featured, they get more online exposure. Hence the reliability of such information sources becomes doubtful.

Oliver says, “Some schools are paying to be on every one of those sites and now they are prolific. So students are going to continue to see that school when maybe the best bet for them is in their own backyard.”

If you want to get unbiased information and balanced statistics then simply visit the College Navigator tool of the U.S. Department of Education. It can provide you information about graduation rates, tuition fees and other valuable data.

Find Out If Your School is Accredited or Not

According to the Senior Vice President of OnlineSolutions at Pearson, Todd Hitchcock, accreditation is extremely important. The first thing you need to do is to check if your school is regionally accredited and recognised. You should also find out if the degree you want to pursue has programmatic accreditation (if eligible). You can check out the Council for Higher Education Accreditation which maintains a list of all approved accrediting organisations.

Executive Director of Online Learning at Regent University, Todd Marshall, says “Accredited schools tend to mention their accreditation in a prominent place...If you really have to dig to find it, or worse yet, can’t find it at all, that is not a good sign.”

Get Advice from Professionals in Your Field

It is often a great idea to speak with established professionals in your desired field and industry. You can call up HR professionals in your field and ask for their opinions about the institutes that you are currently considering. This will add to your initial research as you will get real-time feedback from industry professionals about your online programme and school. It will give you confidence about your qualification and you will be able to plan ahead for your future.

Speak to the Faculty and Students at Your School

The experts believe that after you have filtered your search to a handful of programs and institutes, you need to contact the staff, faculty and students at the schools. The officials at the schools will be pleased to respond to your queries and provide you clarifications about their services. They can also help you understand if the programme you are considering will be suitable for you or not. Moreover, you should also speak with the officials at the student service and find out about remediation and tutoring services.

Apart from these, the experts also suggest that you get in touch with the faculty members as this will give you an idea about the involvement of the teachers in the class. Bobbie Harris, Online Instructor at West Virginia University, says “You really want to vet the type of professor they are using because a lot of them are adjunct and the quality of those professors can range.”

However, the most important part is that you contact the recent or current students to find out the relevant information. According to Assistant Clinical Professor at Northern Arizona University, Corrine Gordon, “I don't think all programs are going to be 100 percent honest. Have that peer-to-peer conversation. That's something we think is very important.”

Check Tuition Fees of Different Institutes

Apart from the steps mentioned above, you also need to find out about the tuition fees as it may vary greatly depending upon the institute and programme. If you want to get enrolled in a reputed online International Business School, then find out about the tuition fees charged by different online business schools for your desired programme. This will not only help you to get a better idea about the fees, but you will also find the most affordable programme that will meet your requirements.

These steps will guide to find the most suitable online institute and programme and make the selection process simple and more effective.