According to the Job Outlook 2017 Report by the National Association of Colleges and Employers, more than 72% of all organizations nationwide plan to recruit staff members who possess a business degree.
Because of this, business degrees are among the most sought-after degrees at universities. However, what precisely may be done with a business degree? What kinds of positions will the degree enable you to obtain? It depends on your objectives and the kind of degree you select, is the response.
For your decision-making, consider this useful guide.
What is a Business Degree?
To teach students about the fast-paced, rapidly-evolving business world, a business degree teaches models of finance, marketing, management, and administration—as well as how to apply these theories to real-world situations.
At the Bachelor’s level, there are a wide variety of business degree specializations to choose from. Options include:
- Accounting
- Finance
- Entrepreneurship
- Human Resources
- Healthcare Management
- International Business
- Marketing
- Public Administration
- Healthcare Administration/Management
An undergraduate degree is all that is needed for a lot of entry-level business jobs, from international commerce to sports management. These programs teach students both general industry best practices and specialized information related to the desired job path, such as renewable energy technologies or healthcare processes.
However, a master’s degree or possibly a PhD would probably be required if you want to pursue a position in upper-level leadership. Obtaining a postgraduate degree at a later stage of your career may also result in pay increases in your current role.
What type of Business Degree Should You Earn
| Type of Degree | Year to complete | Who Has one |
| BACHELOR’S IN BUSINESS | 4 | Executives, Managers, and those seeking higher-up postions |
| MBA OR MASTER | 2 | Executives, Managers, and those seeking higher-up positions |
| DBA | 4-5 | Business Leaders, CEO’s, Professors |
What can you do with a business degree?
Almost any industry you can think of has openings for corporate business professions; these sectors all require capable managers, financial advisors, powerful leaders, and astute decision-makers. However, the conventional job paths—which include positions in marketing, human resources, banking, and finance—continue to be highly appealing to a large number of business graduates.
If a traditional corporate job isn’t exciting you, a business program can equip you with the knowledge and abilities to start your own company or assume management and business positions in more creative fields like fashion, the media, or even nonprofit organizations.
The benefit of a business studies degree is that it can lead to a variety of entry-level positions after graduation, while also providing the opportunity for individuals who want to specialize further to increase their return on investment by pursuing a graduate degree. Masters in Management, Masters in Finance, and Masters in Business Administrations (MBA) are a few examples of postgraduate degrees for individuals with some professional experience.
Typical careers with a business degree
Although this is a frequent path, business occupations span numerous industries, so don’t believe that studying business is the only way to land leadership and management roles in the industry. Since sound business and management practices are essential to any successful organization, there is a high demand for strong executives, strategic planners, and financial specialists. Businesses worldwide, no matter how big or little, local or worldwide, are searching for recent graduates in business like you.
Why Earn a Business Degree
“A college graduate will earn a median $1 million more than a high school graduate over his or her lifetime—completing a law, business, or other professional degree adds another $1.3 million to that number,” according to a 2014 Georgetown University education that Forbes stated.
It’s clear that adding a business degree to your resume will likely lead to a higher salary, whether You are a seasoned professional in your field or a new graduate. But there are other benefits to having a business degree as well. Among the many other ways it can improve your career performance are:
Top Reasons to Earn A Business Degree
| Level up to Earn a Promotion | Develop skills for a new type of positions in your field |
| Build a network of like-minded peers | Increase your current job performance |
| Achieve benchmarks for salary increase | Transitions to a new career |
| Develop a more holistic view of Strategy and operations | Become a better leader for your organization |
Why Choose Business?
The opportunities that a business degree can offer should not be undervalued. For those who wish to concentrate on a certain field of work or who already possess specific talents, a business degree provides flexibility. Take a student who wants to work in the music business, for instance. “Students can work in the music industry in a variety of roles such as marketing, finance, accounting, human resources, management, and more with a business degree,” according to Rogers.
Similarly, a student who wants to pursue a career in medicine but prefers a non-patient-facing function can think about pursuing a business degree. Strong business skills can be advantageous in a variety of professions within the healthcare sector.
According to Rogers, “combining a business degree with your own personal passions is a recipe for success,” regardless of your area of concentration.
Wysocki found that having a business degree helped her think about her future and find opportunities to further her studies. “I work in philanthropy, so I am in charge of marketing and fundraising to grow my organization,” she stated. She is thinking about getting an MBA with a focus on social media or marketing as a result.
In summary, the extent of what you can achieve with a business degree is solely determined by your creativity. Acquiring new knowledge is both enjoyable and demanding.
10 In-Request Careers That Require a Particular Business Degree
Here are ten expanding jobs and degree programs that can help you prepare for them, for those of you who are forward-thinking business degree seekers.
1. International Management Analyst
Management analysts examine how a business interacts with its overseas partners in order to identify issues and provide solutions that would improve workflow.
- Median Salary: $82,450
- Expected New Jobs (2016-2026): 115,200
- Projected Growth: 14%
- Recommended Business Degree: International Business B.S. or International Finance, B.S.
The demand for professionals with knowledge of international banking, tax rules, and regulations will only increase as business becomes more global. Graduates in international business will be prepared for the workforce as management analysts or consultants after learning how to identify foreign risks, understand the effects of globalization, and communicate in a culturally sensitive manner.
2. Renewable Energy Technology Managers
Renewable energy technology bosses use their knowledge of energy technology and engineering to growth energy efficiency and sustainable design.
- Median Salary: $73,750
- Projected Growth: 16-24% (for all wind and solar power jobs)
- Commended Business Degree: Renewable Energy Technology Management, B.S.
Employment in the green energy sector is rising significantly as renewable energy sources like solar and wind power replace coal and natural gas as more popular and affordable options. One of the best ways to contribute to the effort to reduce our carbon footprint is to work in this industry.
3. Information Systems Manager
Creating and implementing a company’s information technology strategy will be your job as an information systems manager.
- Median Salary: $139,220
- Expected New Jobs (2016-2026): 44,200
- Job Growth: 12%
- Recommended Business Degree: Information Technology Management, B.S.
The complexity of company computer networks is driving up demand for these occupations. For those seeking greater flexibility, there are frequent chances to work remotely in this sector, and the compensation and benefits are much above average.
4. Financial Examiner
Forensic accountants trust their accounting and finance skills with investigative skills to identify a range of white-collar crimes.
- Median Salary: $81,690
- Expected New Jobs (2016-2026): 5,100
- Projected Growth: 10%
- Recommended Business Degree: Forensic Accounting, B.S.
Financial Auditors often work for private accounting firms and banks, as well as the FBI or CIA. Due to changing and growing financial regulations, this position will be in high request for many years to come.
5. Healthcare Business Analyst
Healthcare business experts use their critical knowledge in financial management and healthcare workflow to discover problems and areas for development at hospitals, clinics, and nursing homes.
- Median Salary: $81,3200
- Expected New Jobs (2016-2026):
- Projected Growth: 14%
- Recommended Business Degree: Healthcare Management, B.S.
The healthcare industry is projected to undergo explosive growth over the next 40 years, and a degree in healthcare managing is a great way to meet the demand. These leaders assess growth areas and propose original ways to address key issues and increase presentation.
6. Emergency Management Director
If you are involved in police, fire, and other emergency response careers—or already employed at the entry-level in one of these fields—you should pursue a major in public safety management
- Median Salary: $72,760
- Expected New Jobs (2016-2026): 800
- Projected Growth: 8%
- Recommended Business Degree: Public Safety Management and Leadership, B.S.
A degree in Public Safety Management & Leadership focuses on public policy and administration, making you for a leadership role as an emergency organization director. Preparing and answering to natural adversities and other emergencies needs lots of work on the outside, and you’ll have the fulfillment of knowing you’re helping keep the republic safe.
7. Financial Examiner
Forensic auditors combine their accounting and finance knowledge with investigative skills to identify a variety of white-collar crimes.
- Median Salary: $81,690
- Expected New Jobs (2016-2026): 5,100
- Projected Growth: 10%
- Recommended Business Degree: Forensic Accounting, B.S.
Financial Examiners often work for remote accounting firms and banks, as well as the FBI or CIA. Due to varying and increasing financial rules, this position will be in high request for many years to come.
8. Health Information Technician
Health Information Technicians work with healthcare organizations to manage, use, and protect patient and business data. These jobs are in high demand across the country.
- Median Salary: $39,180
- Expected New Jobs (2016-2026): 27,800
- Projected Growth: 13%
- Recommended Business Degree: Health Information Management, B.S.
Health info technicians are responsible for delicate healthcare data. They are responsible for coding data to comply with security and privacy rules while ensuring it is accessible to the right people. Technicians often work closely with medical databases and archives to help the group increase its’ quality of care and deliver a superior persistent experience.
9. Logistics Manager
A Logistics Manager is the individual who oversees the buying and shipping of products or goods within a source chain. This role is critical to keep the process on track (and on budget).
- Median Salary: $74,590
- Projected Growth: 7%
- Recommended Business Degree: Operations and Supply chain Management, B.S.
Logistics managers oversee many areas of the supply chain, including transportation, warehousing, and stock control. They will frequently spend a lot of time staying stops along the supply chain. The efficiency of a company’s supply chain has an enormous impact on its success, and logistics managers are key to this component.
10. High School Business Teacher
High school business teachers teach introductory business courses (such as business operations, marketing, and management).
- Median Salary: $59,170
- Expected New Jobs (2016-2026): 76,800 (for all high school teachers)
- Projected Growth: 8% (for all high school teachers)
- Recommended Business Degree: Business Education, B.S.
Consider earning a degree in business education if you enjoy teaching and learning about business concepts. With this degree, you’ll be prepared to impart business principles in an engaging manner to students in grades 9 through 12. Having a degree will enable you to create teaching resources for the upcoming generation of leaders in the corporate world.
Frequently Asked Questions
What are the benefits of a business degree?
A business degree offers numerous benefits, including a broad understanding of various business functions, improved career prospects, and the potential for higher earning power. It also provides a strong foundation for entrepreneurship and leadership roles.
Can I specialize in a specific area with a business degree?
Yes, many business degree programs offer specializations in areas such as finance, marketing, human resources, and international business. Focusing can enhance your knowledge and make you more reasonable in the job market.
Is a business degree versatile?
Absolutely. A business degree is one of the most versatile degrees, applicable to a wide range of industries and roles. It equips you with transferable skills that are valuable in virtually any professional setting.
What is the earning potential for business graduates?
Earning potential varies depending on the specific role, industry, and level of experience. However, business graduates often have higher earning potential compared to other fields due to the demand for their skills and expertise.
Can I pursue further education with a business degree?
Yes, many business graduates go on to pursue advanced degrees such as an MBA (Master of Business Administration) or specialized master’s programs in areas like finance, marketing, or international business. These advanced degrees can further enhance career prospects and earning potential.
Is work experience important for business graduates?
Yes, work experience is highly valuable for business graduates. Internships, co-op programs, and part-time jobs during your studies can provide practical experience, enhance your resume, and improve your job prospects after graduation.
What industries hire business graduates?
Business graduates are in demand across a wide range of industries, including finance, healthcare, technology, retail, manufacturing, and consulting. The versatility of a business degree allows graduates to work in virtually any sector.
