Over time, education institutions have come a long way. They are equipped with the latest technology to ensure the best possible learning. For example, unlike the past, modern-day teachers have access to sources like multimedia to break down complex topics and maximize every student’s potential.
Apart from that, colleges and universities also keep introducing new subjects related to different walks of life. So the current generation of students has several options at their disposal. But sometimes the abundance of choices could put you in a confusing state of mind, and you may eventually opt for a discipline that is perhaps not worth it. That is why we recommend you to go with business studies due to its gigantic scope. If studying business sounds uninteresting to you, it is about time you should come to terms with its following perks and privileges:
- Great earning opportunities
In America, a whopping 60 percent of college students rely on government and other agencies’ financial assistance to cover their expenses. But despite easy terms and conditions, many of them fail to pay off the loan once they graduate. According to a careful estimation, nearly 40 percent of students will end up defaulting on their loans by 2023. The number of defaulters is continuously rising because students graduate with degrees having little to no market value.
Well, after studying business, you are quite unlikely to experience a rough financial ride like this. The reason behind this is that people who know about business are highly sought-after by reputed organizations. A business student gets recruited within the window of 6 months after passing out from a college. What is more, the starting salary of a fresh graduate would typically cross 50,000 dollars/year mark. All these incentives are equally accessible to the ones who graduate through online business degree programs.
Sometimes doing an MBA from an illustrious institution might cost as many as 100,000 dollars. Indeed, it is not a small amount by any stretch of the imagination. But, given the excessive room of opportunities, you will not have a hard time getting your money back in a very brief period.
- Developing leadership qualities
Gone are the days when only higher-up employees needed to cultivate stable leadership qualities. In today’s competitive world, you have pretty bleak chances to be considered for even an average vacancy if you lack leadership skills. That is where a business degree can make a lot of difference.
Whether you enroll in a bachelor or master program, you will be taught core leadership traits such as strategic thinking, people management, effective communication, persuasion tactics, etc. Once all these soft skills are coupled with technical expertise, they will turn you into a very desirable prospect for the market. So much so, companies will hire you on your terms.
- Diverse career paths
Contrary to many disciplines out there, a business degree does not lead to a single career path. It brings a variety of jobs at your disposal; you can stick to the one in line with your talent. Depending on the specialization, you may be eligible for the positions mentioned below:
- Business analyst: Business analysts have to stay in touch with market trends and then recommend changes accordingly. Owing to their problem-solving skills, they play an essential role in upscaling the workplace’s efficiency. Going by the stats of a widely cited study, a business analyst’s annual income ranges around 68346 dollars.
- Business teacher: If you do not want to work in the corporate sector, you may consider teaching students in a college or high school. To emerge as an ideal candidate for this job, you must master communication skills to engage students alongside having know-how about marketing, finance, management, and accounting. As far as income is concerned, renowned business teachers are accumulating a staggering 99,660 dollars per year.
- Financial analyst: It is the hallmark of every successful company to evaluate its financial strength from time to time. It gives owners a better understanding of their company’s financial standing and subsequently enables them to make smart decisions concerning investments. Financial analysts’ employment growth is all set to rise by a steady 6 percent from 2018 to 2028.
We have enlisted just a few jobs here. You can also find various other roles, including actuary, management consultant, project manager, sales manager, etc.
- Balance theory and practice
Often, students tend to get bored when they study ideas that do not serve any practical purpose. As a result, their attention falls apart, and they gradually begin to lose interest. Guess what, for business students, such an issue does not rear its ugly head. The reason being, business is a convenient field. So students get a chance to practice whatever they learn in the classroom.
The icing on the cake is that several schools and colleges enjoy healthy relationships with local businesses. It allows their students to conduct experiments at diverse workplaces. These activities prove to be very useful in preparing them for professional life.
- You can set up your own company
No matter how materialistically rewarding a job may be, it can never be equivalent to running your own business. A business degree can infuse you with all the nitty-gritty required to establish an independent start-up and save you from working under a nagging boss once and for all. Be it brainstorming a robust business plan, hunting your first client, or efficiently managing finances, a business degree can successfully nurture a wide range of entrepreneurship characteristics in your personality.
The final verdict
In all likelihood, you may not be a business-minded person. But that does not mean a business degree is not your cup of tea. Because skills provide students with widespread expertise, simply put, a business graduate or post-graduate can easily face professional life challenges.