What is a business degree what can you do with a business degree & why to earn it?

A business degree is that degree which prepares students for a career in many industries, including finance, healthcare, management, marketing and many more. According to the National Association of Employers and College Jobs Outlook Report, more than 72% of all the businesses in the world intend to hire those who have a business degree. And this increasing demand of business graduates is one of the main reasons why a business degree has become one of the most popular degrees at any college or university around the world. But exactly what can you do with a business degree? Which type of job will you be able to get with this degree and what are the most demanded jobs after it?. Well, the answer to these questions depend both on your goals and the type of degree you choose to pursue. And so to help you decide the best way possible, we got you covered through this article. 

As you scroll down, you will find out complete details on what a person can do or expect with a business degree in hand, such as details of all the related jobs and roles that hire business graduates and much more. So just keep reading below to check out all the info.

What exactly is a Business Degree?

Before we find out what can you do with a business degree, let us read about what exactly is a business degree. So a business degree is the degree that teaches the theories of management, finance, administration and marketing, and how to apply these theories to solve the problems of the real world. This prepares the students for the fast-changing and fast-paced world of business. So at the level of bachelor’s, there are a wide range of specialisations of the business degree that a person can choose from. So of the options includes-

  1. Entrepreneurship
  2. Accounting
  3. Finance
  4. Administration
  5. Human Resources
  6. Marketing
  7. Healthcare Management
  8. Public Administration
  9. International Business
  10. Healthcare Administration or Management

There are many many high level positions in the field of business as well, such as international business to sports management only require an undergraduate degree. Students in these kinds of courses learn about the best industry practices and get specific knowledge of the career path they intend to pursue, such as renewable energy technology, healthcare workflows and more.

What can you do with a business degree?

For all those who think what they can do with a degree in business, there are enough options for them to explore. So for for all the forward thinking seekers of the business degree, here are the details of some best & fast growing careers and programs that you can definitely opt for for higher results-

  1. International Management Analyst- The very first role for what can you do with a business degree is this. Management analysts are basically those who are responsible for analysing the relations between a company and its foreign partners, and so find ways to resolve if there are any problems & thus facilitate the smooth flow of work. 

As the business has been globally increasing, the need to expertise on it will only continue to increase further. And after mastering and facing the assessment of foreign risk and the impact of globalisation, the graduates of international business will be definitely ready to face the world as top notch consultants or management analysts.

  1. The average median salary- $82,450
  1. Projected growth- 15%
  1. Recommended business degree for this role- International Finance, B.S or International Business B.S
  1. Expected number of new jobs from 2016 to 2026- 115,200
  1. Financial Examiner and Manager- As a financial manager, you help your company achieve its both short term and long term goals. It is another one of the most demanded and highly paying roles for what you can do with a business degree

Financial examiners often work with the private accounting firms and banks, as well as the CIA and FBI. And due to increasing and changing financial regulations, this position will be in high demanded roles for a lot of years to come. 

  1. Average median salary- $81,690
  1. Projected growth for this role- 12%
  1. Expected number of new jobs from 2016 to 2026- 5,100
  1. Recommended business degree for this role- Forensic Accounting, Business Studies
  1. Operations Research Analyst- Another demanded role for what can you do with a business degree is Operations and Research Analyst. As an operations research analyst in an organisation, you are required to take up the raw data and then transform it into actionable insights using statistical analysis, mathematical modelling and mining of data. One of the most common tasks is testing & validating the models to ensure complete security and accuracy.
  1. The expected median annual salary for this role- $82,360
  1. Its projected growth from 2016 to 2026 is 25%.

So why earn a business degree?

According to various university study reports and even Forbes, “A college graduate earns almost a median of $1 Million more than a high school graduate over his lifetime. And if you have completed a business, law or any other professional degree, then this adds another $1.3 Million to the mentioned figure.”

And the above mentioned details about what can you do with a business degree even explains better. So it is quite evident that adding a business degree to your CV or resume will only lead you to a better position and higher salary, whether you are a fresher graduated recently or an established professional in the field you are working. Not only this is the sole reason to earn a business degree, but it can also boost the performance of your career in a lot many ways, like-

  1. Transition to a new career
  2. Become a better leader for an organisation
  3. Achieve the benchmarks for increments in the salary
  4. Level up to earn an amazing promotion
  5. Develop skills to even try a new position in your field
  6. Help you build a network of minded people
  7. Helps you develop a more holistic view of operations and strategy
  8. And increases the performance of your current job
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