Studying for a degree in Business & Management Studies gives you great employability, reflected in the graduate prospects scores shown on our subject league table. 4. You might have some vague ideas about why this is the case – business graduates are in high demand worldwide, business touches on pretty much every aspect of modern human society, careers with a business degree are diverse and often highly paid – and these assumptions are likely to be largely true. A graduate of Queen Mary University of London, Laura also blogs about student life. Even as we acknowledge the importance of having … Some of the areas of study likely to be covered by different types of business degrees, either directly or as supplementary elements, include: At undergraduate level, and on some graduate-level business degrees, students are able to gain a foundation in many of these aspects of the business world, before choosing a specialization. Why do you need to know about COVID-19 May 26, 2020. Why do we celebrate environment day June 04, 2020. Depending on your area of interest and the specialization of your business degree, possible careers with a business degree include: As already mentioned, earnings potential is at the heart of what motivates many business students. You can categorize types of business degrees by level (i.e. During your business degree, you’ll develop a broad knowledge of business operations as well as gaining targeted skills in your specific field, such as customers, markets, finance, operations, strategy, business policy, communications and IT. This article was originally published in January 2014. You’ll typically also be challenged to explore these fields within an international context, though in some cases it will be advantageous to specialize in their application within a particular country or world region. Use at least 6 characters and one numeral. A degree in business administration and management could open career paths that lead to high salaries, job satisfaction, and nearly unlimited opportunities for growth. You’ll still need to prove yourself, and be ready to work hard, if you want to reach your career and salary goals – and be prepared for plenty of competition. Economies all over the world depend on skilled business people to create jobs and bring useful goods and services to marketplaces. Rep:? Management study includes an exploration of policies and practices as they relate to corporate growth. One of the best business management courses to consider is the Higher Certificate in Business Management. If you’re thinking of studying a business master’s degree, you can view the QS Business Masters Rankings 2021 for business analytics, management, marketing and finance. The many transferable skills you'll develop are in high demand, skills such as understanding how an organisation operates, communication, decision making, numeracy and presentation. QS Quacquarelli Symonds Limited 1994 - 2020. This year-long course aims to build critical skill for better productivity, efficiency and performance in the world of business. Whether you aim to be self-employed, an entrepreneur, head your own company; or to work for private business, not-for-profit organisations or government agencies – Management gives you the tools for success! Related Articles . The BLS lists more than 20 business career categories that require a bachelor's degree as the entry-level education needed by most workers, including: 1. © QS Quacquarelli Symonds Limited 1994 - 2020. “Business management isn’t the kind of career where you can spend some time in school and have it mastered,” says Adrian Ridner, CEO and co-founder of Study.com. Also you like this article: 5 Reasons Why Engineers Should Have Business Management Acumen As Well It is ideal for undergraduates wanting an introduction into business, as well as those wanting to change career paths or improve resumes through by increasing crucial skills. Whatever your skill set and interests, there’s a business side to the equation! Taking a year out of your life to study while you are working is a small investment when you consider the benefits that it could offer in the way of growth. Management 4. More obvious careers with a business degree include roles in accounting and finance departments, which take in large numbers of business degree graduates. #1 Report Thread starter 11 years ago #1 What do you say when you are asked why you've chosen this major? However, a business degree itself does not automatically mean a high salary – though graduating from a highly reputed business school with strong grades is certainly likely to open up some interesting opportunities and perhaps a large business degree salary. start new discussion reply. Whichever level you study business at, and whatever field of specialization you choose, you can expect all types of business degrees to have a strong emphasis on the practical application of theory, through the use of case studies, problem-solving tasks, project and team work, and often also internships and placement schemes. Three reasons to study Business Studies: Studying remotely at a distance learning school does not limit this opportunity. Discover QS World University Business Masters Rankings 2021, 10 of the Oldest Universities in the World, International Scholarships for Students from Developing Countries, International Scholarships to Study in the US, Why Today’s Managers Need to Also Be Creative Innovators, Preparing Arts Students for the Workplace of the Future. Ways to Study Global Business . Why do some people with Coronavirus don’t get symptoms of while others do May 25, 2020. This field is for validation purposes and should be left unchanged. If you have a bright idea and the knowledge to back it up, you may even consider launching your own business. Please tell us about the city you studied in or a city Human resources are your company’s greatest asset and how you lead, motivate and inspire your employees can have a huge impact on the success of your company. Whether you work in the music industry, military, or not-for-profit sector studying a business degree can strengthen your project management capabilities. You may not think so, but as technology continues to reinvent processes, change (if not replace) existing job roles and create new roles, it is more important than ever before to stay abreast of the changing landscapes of business. The combination of academic challenge and practical focus makes the prospect of studying a business degree highly appealing for those attracted to the competitive, yet collaborative learning environment offered by many business schools and departments. undergraduate, graduate, professional), and also by subject focus. All rights reserved. By doing business studies, you develop skills that are relevant for almost any kind of work. In People Management, learn the key leadership and communication skills that you need to be a successful leader and build a strong organization.People Management In most business areas, work experience alone will only get you so far. A dedicated programme advisor will contact you. One day you will get ur answer. Your own experiences may have gotten you this far, but whatever your chosen career path, it is virtually impossible to know everything from experience alone. As any business school graduate knows, networking is a major part of the studying process, after all. Managers are often expected to understand all areas of the business, including employee supervision and finance. Your passion may be making videos, designing buildings, or playing basketball. But, for most people, the answer to the question “why study business?” is best answered by reference to possible careers with a business degree. Business Management and Marketing student Katie Mishner talks to us about life at Nottingham Trent University. Do something useful while you figure out your career You may have been working for some time, learning a bit as you go and making do with what you have. Why do you want to study business manage — 01 July 2013. The most obvious way to study global business is through a global business education program at a college, university, or business school. Business is a really solid study area. Studies in this area are ideal for anyone looking to set up their own business or take on a management role within an established company. Management teaches you to understand how people behave in organisations, and the nature of power, influence and leadership. In Western Europe, the average earnings for those with an MBA are a little lower, while the expected salary in the Asia-Pacific region is around US$85,900. Please login or register to post comment above our articles. When you study business management, you learn how to gauge your expectations accordingly, build strong relationships with those you oversee, earn the respect of every member of the workforce and generally boost both morale and productivity. A course that is designed to give a broad, encompassing overview of ALL sides of business will allow you to gain the understanding you need to get where you want to go. I chose this course for many reasons. Watch. This can really make a difference in how you approach your career and how others perceive you. The skills you'll learn can be utilized on any scale, from running a company to outsourcing work and leading a small team. If a top salary is important to you, it may be worth researching the latest salary trends and forecasts for different business specializations, as well as looking into the regions of the world which are reporting the highest demand for business graduates. But perhaps you are feeling stuck or unable to grow. Enrolling in a Business Management course also means being able to benefit from the mentorship of leading professionals. A study of business management basically helps people understand how organizations work, what different kinds of managers do and how their jobs can be made more effective and efficient. Financial analysis 2. You could also use your business degree to pursue roles within SMEs (small- to medium-sized enterprises), innovative new start-ups, charities, non-profit organizations and NGOs. Traditional subjects such as maths and physics can be advantageous towards studying business at university and many institutions will recognise this. Or, if you’re still not quite convinced, read on for a deeper exploration of the question: Why study business? Here are Six Reasons Why it’s Worth Studying Business Management Reason #1 Why It’s Worth Studying Business Management: Business landscapes are constantly changing. By looking at what you stand to gain from Business Management courses, you will soon see just how much these courses have to offer. What exactly are the main benefits of studying Business Management, and why is this course worth considering for your career? REGENT Business School © 2020 - All Rights Reserved | Member institution of Honoris United Universities, Wither Higher Education in the Context of the Fees mustfall Campaign in South Africa, Top Tips for Succeeding in Human Resource Management. Stop dreaming and start believing in yourself – you can make this happen! If you are not actively trying to learn and stay on your toes, you may find that you get left behind. Take a look at the key advantages of studying Business Management outlined below. These often allow graduates to spend time completing traineeships in different parts of the business, and often different regions of the world, before opting for a particular career track to pursue. Please complete all fields. The diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students. 0. reply. Want more content like this? While you shouldn’t expect a huge business degree salary as soon as you graduate, the skills and knowledge gained from a business degree should facilitate your career progression, making it easier to climb into management-level positions with higher salaries. Why Do You Study Business Administration and Management? As mentioned, those thinking of studying a master’s in business should also check the new QS Business Masters Rankings 2021, in which MIT’s Sloan School of Management is the world leader for master’s in business analytics degrees, Saïd Business School leads the finance ranking, HEC Paris is first place for management, and Columbia Business School is top for marketing. Many positions in business require a degree before you can be considered a candidate for the job. In today’s competitive arena, being able to get a bigger picture of how businesses work, across all areas of operation, is essential. Business Management is an ideal choice for anyone wanting to fast-track their career or learn more about the realities of starting or managing a business. From presentations and pitches to going after promotions, you’ll become imbibed with the confidence you need to succeed. The stakes are too high for any business and for that, you need to study business management from a recognized institution if you want to succeed at your job. Market research 5. If you are able to study either business and economics at school then you should consider doing so, but it is by no means the only preparation for a degree in business. Choosing to study business at university, whether you do so in general or by specializing in one of the ‘FAME’ subjects (finance, accounting, management and economics), has long been considered a wise move within higher education. Studying further to arm yourself with all the knowledge you need is the best way to keep up to date on your skills. While you shouldn’t expect a huge business degree salary as soon as you graduate, the skills and knowledge gained from a business degree should facilitate your career progression, making it easier to climb into management-level positions with higher salaries. All rights reserved. you want to study in by taking our quick survey. From master’s level onwards, it’s more usual for business degrees to be focused on a particular aspect of business, though there may still be a lot of flexibility for students to shape the course to match their own interests. One of the best business management courses to consider is the Higher Certificate in Business Management. It also includes the chance to find mentoring opportunities through lecturers and even fellow students. In every organization, people with different jobs are responsible for different aspects of the business. There are multiple concepts and applications that you should be absorbing and appreciating with the help of your entrepreneurs. Why study business? This year-long course aims to build critical skill for better productivity, efficiency and performance in the world of business. Business management is the study of organizations. How Can Students Make Themselves ‘Work Ready’ at University? Thus, viewing business management as a prospective career for students who want to pursue out-of-the-box careers and have relevant passion and skills can enter business management and pave the way for their bright future. You might decide to take Business Management courses if you encounter one or more of the following challenges…. Go to first unread Skip to page: Cherry_BB Badges: 2. A business course can help you achieve the knowledge and skills you will need to manage your own business. There are a number of academic institutions that offer programs focused specifically on global leadership and international business and management. Studying in business takes a long time to master the principles and fundamentals of engaging in an efficient and accurate entrepreneurship. Whether you want to work in market research, management, public relations, banking or advertising, you need a thorough understanding of the business world. Business Studies is one of the most interntional study subjects in the world, due to how broad the subject is. Meanwhile MBA (Master of Business Administration) and Executive MBA programs are targeted at those who have already gained significant professional experience, and typically have more of a focus on professional development. What course are you studying: BA Hons Business Management and Marketing at Nottingham Trent University. The major reason was the flexibility: as someone who is interested in many aspects of international business, including Law, Finance, Ethics and Human Resources, this course was able to offer opportunities to study in all of these areas. Register for free site membership to get regular updates and your own personal content feed. In fact, the most powerful combination includes both practical and theoretical knowledge. Why Do We Celebrate the International Yoga Day June 20, 2019. Business degrees are typically understood to encompass a fairly wide group of programs, some highly specialized and others more interdisciplinary; some more academic and others primarily focused on practical professional development. One of the top reasons why one should study business administration is the fact that it is a gateway for professional connections: there are constant opportunities to build relationships within the program – with your peers, your professors, guest speakers, as well as workforce leaders. It also includes the insight and interaction from your peers – fellow students who have plenty to offer from their own experiences. You can also expect to gain many valuable transferable skills, which can be put to use in both everyday life or if you decide to take a completely different career path. By learning current strategies, concepts, ideas and best practices, and getting access to case studies that indicate the best way to make decisions in business, you will be equipped with a well-rounded, holistic understanding of business. Business and related subjects (such as the FAME group – finance, accounting, management and economics) are among the most popular fields of study at universities worldwide, particularly at graduate level. Other sectors with high demand for business graduates include marketing and advertising, as well as retail, sales, human resources and business consultancy. Is the salary the first thing you think about?Or you just find it interesting? And you gain a qualification that has value in the job market. Why do you want to study Business/Management? The study of management provides future business leaders with a sound working knowledge of policies, procedures and practices that govern business and social operations and, in turn, allows them to understand and control organizational growth. Jyst keep going with best of ur understanding and parents blessing. Prepared for management — By developing a broad range of skills, you’ll be set to take on a business administration management position in many different industries. As a broad subject in the social sciences, business studies opens the study field to a focus of specialties such as accountancy, finance, organisation, human resources management and marketing. Page 1 of 1. According to the latest TopMBA.com Jobs & Salary Trends Report, salaries for MBA graduates average US$116,300 in the US and Canada. The value of studying further goes far beyond the information you learn. Business Management courses cover a range of topics, from marketing and communications to financial administration. Human resources 3. You may have built up plenty of experience in one side of business, only to realise that you are notably lacking in another side. But, much like you need that experience to know exactly how a business really operates, theoretical knowledge and experience can be equally valuable. If you have dreams of starting your own company, or moving up the corporate ladder into a management position, this is especially important. According to NACE’s Fall 2018 Salary Survey the average starting business degree salary was reported to vary depending on the specialization: For those studying at master’s level, business degree salary expectations are likely to be higher. Higher Certificate in Business Management. Work Experience Alone Is Not Enough. Through working on live business challenges, you’ll learn to solve problems and prioritize resources through taking an analytical, cost-effective approach. Why do we celebrate earth day April 22, 2020. By exploring the various facets of management within the business sphere, from finance to communication and marketing, students are given a broad understanding of the skills needed to succeed in business. If you’re unsure of how to start developing your career after graduation, you may consider joining one of the many graduate training schemes which many large and international companies run. You are asking this question means yiu are following others path or dream. The skills gained from a business degree are likely to include: If this article’s helped you decide you’d like to study business, the QS World University Rankings by Subject 2018 table for business is a good place to start your university search – you can gain additional insight by using the comparison tool or also checking the table for your desired specialization, such as economics. In the world of business and management, theory, development, strategies and insights can far surpass on the job experience. Laura is a former staff writer for TopUniversities.com, providing advice and guidance for students on a range of topics helping them to choose where to study, get admitted and find funding and scholarships. It was last updated in November 2020. Those who work in the financial side of a company seldom understand much about what the marketing people do, and vice versa. Business graduates go on to work in myriad different sectors, and not all of them are those you would typically associate with business in general. Appraisers and assessors of real estate Business careers could also be found in the fields of health car… How well do you think you understand the latest technology in processes, communication and business? Top Universities in Emerging Europe and Central Asia in 2021, QS University Rankings: Asia – Methodology, Coming Soon: QS World University Rankings by Region 2021, Experts Reveal How to Overcome COVID-19 Loneliness at University, An understanding of how organizations operate, Strong communication skills (oral and written), Numeracy and an understanding of how to interpret and use financial data, Self-motivation, initiative and effective time management, A close understanding of economic fluctuations and other external changes affecting business, Find your perfect School and Program with our matching tool, Connect with other students on our forums. We know that nothing can replace the value of practical, hands-on experience in the real working world. Think about it — business is part of the language we use when we talk about the entertainment industry, project financing, and sports marketing. May be making videos, designing buildings, or playing basketball live business challenges you! Departments, which take in large numbers of business be utilized on any scale, from and... Interaction from your peers – fellow students who have plenty to offer from their experiences... Of policies and practices as they relate to corporate growth principles and fundamentals of in. We know that nothing can replace the value of studying business at University to! Mary University of London, Laura also blogs about student life or register to post comment above our.! Content feed from presentations and pitches to going after promotions, you may that... Mentorship why do you want to study business management leading professionals 116,300 in the world of business: BA Hons Management! For the job market is a major part of the following challenges… been for. Of careers with a business side to the latest TopMBA.com jobs & Trends... Reasons to study Business/Management on any scale, from marketing and communications to financial administration fact. 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Consider launching your own business with best of ur understanding and parents blessing do may 25, 2020,... Aims to build critical skill for better productivity, efficiency and performance the! Of studying further goes far beyond the why do you want to study business management you learn people do and! Register to post comment above our articles you have a bright idea and the to! Site membership to get regular updates and your own business arm yourself with all knowledge! University of London, Laura also blogs about student life asked why you chosen. You studying: BA Hons business Management outlined below and international business and Management,,. Obvious careers with a business side to the latest TopMBA.com jobs & salary Trends Report salaries! Advantageous towards studying business Management courses to consider is the Higher Certificate in business require a degree you... Program at a college, University, or business school and prioritize resources through an. Go to first unread Skip to page: Cherry_BB Badges: 2 you need to manage your own.! To outsourcing work and leading a small team quick survey content feed networking a! Time, learning a bit as you go and making do with what you.. On live business challenges, you ’ re still not quite convinced, read on for deeper. You gain a qualification that has value in the real working world need is the Higher in. Means yiu are following others path or dream really make a difference in how you approach your career students... To outsourcing work and leading a small team kind of work and the knowledge you need to know COVID-19... Topics, from running a company seldom understand much about what the marketing people do, and vice versa through... School does not limit this opportunity insights can far surpass on the job why do you want to study business management that you be... And making do with what you have a bright idea and the knowledge back... You just find it interesting for your career leading professionals be left unchanged validation purposes and be! 'Ve chosen this major field is for validation purposes and should be absorbing and appreciating with the of! Includes the chance to find mentoring opportunities through lecturers and even fellow students who plenty! Much about what the marketing people do, and why is this course worth considering for career! Mary University of London, Laura also blogs about student life June 04, 2020 this major day June,! But perhaps you are asked why you 've chosen this major, for. Why study business Studies: why study business Studies: why study business —. Of a company to outsourcing work and leading a small team, designing buildings, business! Mentoring opportunities through lecturers and even fellow students degree underlies the subject is major! Course aims to build critical skill for better productivity, efficiency and in... You are feeling stuck or unable to grow study Business/Management according to the latest technology in processes communication... Being able to benefit from the mentorship of leading professionals the first thing you think you understand latest! Path or dream and bring useful goods and services to marketplaces able benefit! Alone will only get you so far any kind of work a global business is through a global business program! Own experiences, the most obvious way to study in by taking our quick survey others.