The most popular category for college degrees are business degrees.
According to a recent ZipRecruiter survey of more than 5,000 college graduates, business degrees have the least amount of regret among graduates – most college students find a business degree useful.
If you have considered going back to school to advance your career, we’ve complied thirteen compelling reasons why college students pick business degrees.
1. Improve Your Communication Skills
Business graduates are likely to end up in roles that rely heavily on strong communication skills. Whether you are creating a business pitch, leading a team, or sending emails, these tasks all depend on assertive communication.
Negotiation, active listening, positive body language, and convincing colleagues and partners of a course of action are all things business leaders are called upon to do regularly. Setting the right tone in written, verbal, or multimedia communication is essential to success in business.
Many business graduates end up in leadership, project management, or entrepreneurial roles. By mastering the art of effective communication, you can transfer into many different positions over the course of your career.
2. Developing Transferable Skills
One reason business graduates have long, successful careers is many of their skills are transferable outside of their current role. Soft skills like communication, and analytical skills, like decision making, can allow candidates to consider different career options. By overlapping your experience in different business functions, you can transfer your talents into different positions. Teamwork, collaboration, project management, problem-solving, and strategic thinking are just a few of the transferable skills in which business graduates become adept.
3. High Demand and More Career Opportunities
The Bureau of Labor Statistics projects that over 750, 000 new jobs will be created in the business sector between 2020 and 2030. Business degrees are popular, because qualified candidates for business administration roles are in demand. Hiring managers need people with business skills to fill necessary roles.
A 2018 survey by NACE shows that 8 of the top 10 in-demand are business related, including marketing, accounting, and business administration. Additionally, a 2020 report by the BLS shows that workers are changing jobs after an average of 4.1 years. This means you will have lots of opportunities to level up your experience as you change roles. With your transferable skillset, and business acumen, you will have many chances to develop new career opportunities and move into a senior role.
4. Potential Earnings in a Lucrative Career
Business majors can find stable employment opportunities that provide sustainable compensation packages. Of course, the more experience you have, the more potential earnings you can accumulate. For a general idea of the range of salaries you may earn you can look at the job listing boards in your area, or the BLS data for Business and Financial jobs, and Management jobs.
5. Learn to Run a Business
One of the biggest reasons to undertake a business degree program is the breadth of knowledge you learn about running a business and general operations. Some of the topics a business administration program covers includes: accounting and finance, marketing, operations, leadership, and human resources. After completing a business degree program, students should have a deep understanding of what it takes to run a small business.
6. Accounting Acumen
Every business admin degree program should cover accounting principles. The Business Administration programs at Campus, formerly known as MTI College, covers accrual-based accounting for merchandising purposes, 10-column worksheets, financial statements (including Statement of Cash Flow), adjusting entries and closing entries, and accounting software.
7. Cultivating the Entrepreneurial Spirit
Business graduates sometimes branch out into entrepreneurship on their own. Even if you work for a corporation, thinking like an entrepreneur can make you a valuable resource for your company.
8. Leadership and Management Development
The business world is a highly competitive landscape. Having strong leadership and management is crucial to long term success. With a business administration degree, you will learn to communicate effectively, lead a team, make tough decisions, think critically, and solve complex business problems.
9. Learning About Investment and Finance
Perhaps the most important aspect of business is understanding cash flow and managing finances. Getting a business degree will help you understand basic economic principles, cash flow, and assessing the financial health of a business. A professional business administration program will help teach you how to make good financial decisions when it comes to guiding a business.
10. Project Management Skills
Business administration specialists are often qualified candidates for project management or operations management positions. Whether you work in a corporate, non-profit, or specialty sector, the strong project management skills you learn in a business administration program will help you prepare for these challenges.
11. Job Specializations in Your Chosen Field
After earning a general business administration degree, you can specialize in different fields. Some common specializations for business majors include accounting, marketing, economics, finance, business management, healthcare, information systems, and operations. Wherever your talents and interests lie, you can find a fulfilling career.
12. Networking with Like-Minded People
Business opportunities often grown from the seeds of networking with like-minded people. The students, faculty, and other people you meet in your cohort can help you focus on your goals. Your fellow students are contacts that also have the same drive and passion that you possess. Fostering these friendships can lead to business opportunities later, as your fellow students grow in their careers.
13. Developing Critical Thinking
Business administration programs teach students to think critically, analyze business problems, and figure out how to innovate solutions for new situations. The ability to make quick, yet thoughtful decisions makes any candidate a valuable asset to a company.
Learn Business Administration at Campus, formerly known as MTI College
The Business Administration Degree program at Campus, formerly MTI College, provides students with business training in general administrative skills and business management principles. Students will receive a diverse set of skills, equipping them to enter a successful career in business administration and management.
This class is offered in a fully online format. Students can complete 100% of the coursework online.
If a career in business administration is something you are interested in, click the link below for more information today!