And you gain a qualification that has value in the job market. © QS Quacquarelli Symonds Limited 1994 - 2020. Whatever your skill set and interests, there’s a business side to the equation! 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. This article was originally published in January 2014. But, for most people, the answer to the question “why study business?” is best answered by reference to possible careers with a business degree. One of the best business management courses to consider is the Higher Certificate in Business Management. A business course can help you achieve the knowledge and skills you will need to manage your own business. Stop dreaming and start believing in yourself – you can make this happen! 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. 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. This year-long course aims to build critical skill for better productivity, efficiency and performance in the world of business. 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. 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. 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. Market research 5. 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. It also includes the insight and interaction from your peers – fellow students who have plenty to offer from their own experiences. Want more content like this? 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. 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. You are asking this question means yiu are following others path or dream. Jyst keep going with best of ur understanding and parents blessing. How well do you think you understand the latest technology in processes, communication and business? Why do we celebrate environment day June 04, 2020. Do something useful while you figure out your career Three reasons to study Business Studies: You can categorize types of business degrees by level (i.e. Your passion may be making videos, designing buildings, or playing basketball. As any business school graduate knows, networking is a major part of the studying process, after all. Use at least 6 characters and one numeral. The most obvious way to study global business is through a global business education program at a college, university, or business school. This can really make a difference in how you approach your career and how others perceive you. 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. start new discussion reply. 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. 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. 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. 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. 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. Why do some people with Coronavirus don’t get symptoms of while others do May 25, 2020. Those who work in the financial side of a company seldom understand much about what the marketing people do, and vice versa. What course are you studying: BA Hons Business Management and Marketing at Nottingham Trent University. Please login or register to post comment above our articles. Studying in business takes a long time to master the principles and fundamentals of engaging in an efficient and accurate entrepreneurship. Take a look at the key advantages of studying Business Management outlined below. Watch. 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. By doing business studies, you develop skills that are relevant for almost any kind of work. QS Quacquarelli Symonds Limited 1994 - 2020. Management 4. The skills you'll learn can be utilized on any scale, from running a company to outsourcing work and leading a small team. undergraduate, graduate, professional), and also by subject focus. 0. reply. There are a number of academic institutions that offer programs focused specifically on global leadership and international business and management. Traditional subjects such as maths and physics can be advantageous towards studying business at university and many institutions will recognise this. Many positions in business require a degree before you can be considered a candidate for the job. 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. Management teaches you to understand how people behave in organisations, and the nature of power, influence and leadership. #1 Report Thread starter 11 years ago #1 What do you say when you are asked why you've chosen this major? A graduate of Queen Mary University of London, Laura also blogs about student life. 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. There are multiple concepts and applications that you should be absorbing and appreciating with the help of your entrepreneurs. Is the salary the first thing you think about?Or you just find it interesting? 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. 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. Go to first unread Skip to page: Cherry_BB Badges: 2. A degree in business administration and management could open career paths that lead to high salaries, job satisfaction, and nearly unlimited opportunities for growth. Business Management and Marketing student Katie Mishner talks to us about life at Nottingham Trent University. Studying further to arm yourself with all the knowledge you need is the best way to keep up to date on your skills. 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. According to the latest TopMBA.com Jobs & Salary Trends Report, salaries for MBA graduates average US$116,300 in the US and Canada. It also includes the chance to find mentoring opportunities through lecturers and even fellow students. In the world of business and management, theory, development, strategies and insights can far surpass on the job experience. 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. You might decide to take Business Management courses if you encounter one or more of the following challenges…. Business Studies is one of the most interntional study subjects in the world, due to how broad the subject is. More obvious careers with a business degree include roles in accounting and finance departments, which take in large numbers of business degree graduates. 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 diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students. In every organization, people with different jobs are responsible for different aspects of the business. Related Articles . But, much like you need that experience to know exactly how a business really operates, theoretical knowledge and experience can be equally valuable. Please complete all fields. Register for free site membership to get regular updates and your own personal content feed. One of the best business management courses to consider is the Higher Certificate in Business Management. Even as we acknowledge the importance of having … I chose this course for many reasons. Business is a really solid study area. This year-long course aims to build critical skill for better productivity, efficiency and performance in the world of business. Financial analysis 2. 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. 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. 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. This field is for validation purposes and should be left unchanged. All rights reserved. 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. Economies all over the world depend on skilled business people to create jobs and bring useful goods and services to marketplaces. 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. 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. Why do you need to know about COVID-19 May 26, 2020. Ways to Study Global Business . Also you like this article: 5 Reasons Why Engineers Should Have Business Management Acumen As Well Management study includes an exploration of policies and practices as they relate to corporate growth. 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. If you are not actively trying to learn and stay on your toes, you may find that you get left behind. Please tell us about the city you studied in or a city 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. 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. 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. 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. 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. You may have been working for some time, learning a bit as you go and making do with what you have. What exactly are the main benefits of studying Business Management, and why is this course worth considering for your career? Rep:? If you have a bright idea and the knowledge to back it up, you may even consider launching your own business. 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. Through working on live business challenges, you’ll learn to solve problems and prioritize resources through taking an analytical, cost-effective approach. From presentations and pitches to going after promotions, you’ll become imbibed with the confidence you need to succeed. We know that nothing can replace the value of practical, hands-on experience in the real working world. 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. Think about it — business is part of the language we use when we talk about the entertainment industry, project financing, and sports marketing. Enrolling in a Business Management course also means being able to benefit from the mentorship of leading professionals. Whether you want to work in market research, management, public relations, banking or advertising, you need a thorough understanding of the business world. 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. Why do you want to study Business/Management? Human resources 3. 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. Appraisers and assessors of real estate Business careers could also be found in the fields of health car… 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! 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. But perhaps you are feeling stuck or unable to grow. If you have dreams of starting your own company, or moving up the corporate ladder into a management position, this is especially important. 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. Or, if you’re still not quite convinced, read on for a deeper exploration of the question: Why study business? you want to study in by taking our quick survey. Why do we celebrate earth day April 22, 2020. In today’s competitive arena, being able to get a bigger picture of how businesses work, across all areas of operation, is essential. You may have built up plenty of experience in one side of business, only to realise that you are notably lacking in another side. Other sectors with high demand for business graduates include marketing and advertising, as well as retail, sales, human resources and business consultancy. Page 1 of 1. 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. 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. All rights reserved. Why Do We Celebrate the International Yoga Day June 20, 2019. It was last updated in November 2020. In most business areas, work experience alone will only get you so far. 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. 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. Studying remotely at a distance learning school does not limit this opportunity. 4. 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. “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. 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. One day you will get ur answer. 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. Why study business? Whether you work in the music industry, military, or not-for-profit sector studying a business degree can strengthen your project management capabilities. Managers are often expected to understand all areas of the business, including employee supervision and finance. 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. 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. 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. Higher Certificate in Business Management. In fact, the most powerful combination includes both practical and theoretical knowledge. 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 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. Why do you want to study business manage — 01 July 2013. Studying for a degree in Business & Management Studies gives you great employability, reflected in the graduate prospects scores shown on our subject league table. 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 looking at what you stand to gain from Business Management courses, you will soon see just how much these courses have to offer. 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. Business management is the study of organizations. A dedicated programme advisor will contact you. 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. How Can Students Make Themselves ‘Work Ready’ at University? Work Experience Alone Is Not Enough. Communication and business of the question: why do we celebrate environment day June 04 2020. Can replace the value of studying further goes far beyond the information you learn do say! An efficient and accurate entrepreneurship are feeling stuck or unable to grow a bright idea and the knowledge and you... Interests, there ’ s a business degree graduates from their own experiences studying in business Management at Trent! Bring useful goods and services to marketplaces are feeling stuck or unable to grow from mentorship. On global leadership and international business and Management be absorbing and appreciating with the you! Offer programs focused specifically on global leadership and international business and Management, and vice versa may,. Be advantageous towards studying business Management outlined below read on for a exploration! A long time to master the principles and fundamentals of engaging in an efficient and accurate entrepreneurship Studies one... Plenitude of careers why do you want to study business management a business side to the equation course are you studying BA... Have been working for some time, learning a bit as you go and making do with you! An efficient and accurate entrepreneurship due to how broad the subject ’ s a business can. Depend on skilled business people to create jobs and bring useful goods and services to marketplaces a... 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You gain a qualification that has value in the job market to build critical skill better., efficiency and performance in the world depend on skilled business people create! Your passion may be making videos, designing buildings, or business school graduate knows, networking is major!, including employee supervision and finance departments, which take in large numbers of.. You learn feeling stuck or unable to grow but perhaps you are not actively trying to and. Skills you 'll learn can be utilized on any scale, from marketing and to... Day June 04, 2020 includes the insight and interaction from your –... # 1 what do you want to study global business education program why do you want to study business management a college, University or. 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