Degree Spotlight: Bachelor''s Degree in a Business Major
Monday, September 9, 2019
A bachelor’s degree in Business Administration is one of
the most popular degrees you can earn in the US. What does this popular degree
entail? Let’s take a look.
According to CNBC and Princeton Review, business administration and management
is one of the most popular undergraduate degree
majors in the United States that students choose when they go off to college or university. Think about it: everything has a “business” side to it
—every kind of industry needs accountants, marketers, managers, financial analysts, and technology support stuff… in other words, every kind of industry needs business majors! No matter what it is that you are passionate about—photography, sports, architecture, traveling, music—there is always some sort of business aspect present. For this reason, business as a field of study is one of the best in terms of being quite practical and highly applicable to all sorts of situations. It is essentially the study of applying ideas to create or add value to a product or service in order to generate a profit.
All business majors learn how to research information using quantitative skills, and develop ideas based on that information to solve problems. Undeniably, business also involves people—customers and employees—so business majors study effective communication and interpersonal skills. These are skills you can take with you to future jobs and further endeavors in higher education, be it a masters degree
or doctoral degree
. Bachelor's degrees in business majors should be offered at all the best colleges and universities in full-time programs and online programs.
What do business majors study?
The best business colleges typically offer the following business majors:
1) Accounting: Accounting is more than just bookkeeping — it’s learning how to report the financial activities of a business or an individual and discovering how to make sense of the numbers. Accountants learn the language of money, and they often translate that knowledge to provide their business partners or clients with valuable information.
2) Finance: Finance majors also interpret financial data. They often use their skills to help companies, nonprofits or individuals plan for the future. Whether they’re creating budgets or planning investments, those in finance need strong math skills.
3) Business Management and Administration: Business managers, administrators, and owners are people who help keep businesses on track. Whether they’re operating a small business or a major corporation
4) Marketing: Having a good product doesn’t guarantee a successful business. Marketing can make the difference between a company’s success or failure. Marketing professionals figure out things like how to price products, where to sell goods, and how to advertise and promote products.
Core business courses at the best colleges and universities tend to include principles of accounting, introduction to business, legal and ethical environment of business, and principles of marketing. No matter which business degree a student chooses, he or she will learn to understand basic marketing techniques, organizational concepts and issues, contracts and negotiations, and the fundamental accounting concepts that drive business decisions. This knowledge is useful for pursuing positions in fields such as sales and marketing, financial services, economics, management, and more.
Transferable skills gained from a business degree
These are skills you can use in everyday life or if you decide to take a completely different career path. No matter what business major you choose or which college or university you attend, you should expect to be able to walk away with the following skills in hand.
An understanding of how organizations operate
Strong communication skills (oral and written)
Analytical and critical thinking
Presentation and report writing skills
Numeracy and an understanding of how to interpret and use financial data
Self-motivation, initiative and effective time management
Project and resource management
A close understanding of economic fluctuations and other external changes affecting business
What kind of post-graduate opportunities can you expect?
Business administration graduates get an extremely high salary directly off the bat. A degree in business administration and management will set you up to ace the complexities of critical thinking within a business and helping you succeed in working with others. Graduates continue to work in an assortment of professions including various managerial positions similarly as business support positions, for instance, business analysts and logicians.
Yearly Graduations: 182,008
Average Starting Salary: $41,245
Average Mid-Career Salary: $70,695
Best university in the world for business and economics degrees for 2019
The undergraduate business program at this university provides an academic experience where students learn how to bring business perspectives to their technical and quantitative expertise. Our program is designed to provide students with a deep understanding of management education grounded in the scientific method.
They are committed to creating learning environments that are inclusive, welcoming, supportive, and empowering for all students who are majoring, minoring, or interested in learning. It is through these core values that we hope to provide a platform for members of our community to engage in the work of making a better world.