A degree in business is a great way to acquire many transferable skills which you need to work in the commercial sector of the economy. There are several business degrees you can earn in from a university or college, however, one of the most popular is Business Studies degree.
Obtaining a business degree typically takes four years, and an MBA takes an extra two years. Accelerated programs can offer a faster path to graduation, although they are often more difficult.
Generally, a business studies degree comprises of subjects like accounting, finance, management, and progressively, entrepreneurship. This wide variety of subjects shows the multidisciplinary nature of business and the importance of understanding all the key factors necessary for running a successful company.
If you are seeking for a degree that specializes more in one particular aspect of the business world (for example, economics or marketing), consider earning a specialized degree in that specialty or a dual honors degree (for example, business and economics). The benefit of a joint degree is that in the course of your studies, you learn basic business skills alongside more specialized skills, which will prepare you to apply for degree jobs.
Typical Careers With A Business Degree
Business careers are available in almost any industry you can think of; all industries need savvy market leaders, managers, financial advisors and decision makers. For many business graduates, however, traditional pathways are still very attractive, including careers in banking and finance, consulting, human resources, and marketing.
If a simple corporate business career isn’t your thing, a business program can also give you the skills to start your own business or to take on corporate and management roles in more creative industries, be it fashion, media or even the charitable sector.
The good thing about a Business Studies qualification is that you can get many entry-level positions after graduation, while still allowing those looking to further specialize the opportunity and get a graduate degree. Examples of postgraduate programs include the Master of Management, the Master of Finance, and (for those with some professional experience) the Master of Business Administration (MBA).
What Can You Do With A Business Degree?
It is wrong to assume that a degree in business is a one-way street to securing leadership and business management roles in an organization – although it is a common path, however, corporate careers span different sectors. Good management skills are key components of any profitable enterprise. Therefore, effective leaders, strategic thinkers, and financial experts are all in high demand. Big or small, global or local, businesses around the world are on the lookout for business graduates like you.
What jobs can you get if you have a business degree? The following are the types of business careers and also jobs for business degree:
- Business Careers In Accounting And Finance
Generalized Business Studies degrees typically cover aspects of accounting and finance. However, if you want to pursue a career in accounting or finance, you will often need to acquire additional qualifications. A good option that i can recommend for graduates of business is to apply for a graduate position and obtain a specialist qualification while you are working. In many large companies, the costs of the course will be paid by the employer.
If you decide to enter accounting or finance, your job may involve examining your company’s financial position both past and present; advice to clients and colleagues on taxes and expenses; management of financial records and transactions; play a role in mergers and acquisitions; and being responsible for preventing malpractice, fraud and negligence.
- Business Careers In Management
Becoming a manager is hard work, with long hours and to many responsibilities. On the positive side, managerial positions are known to be better paid, as well as offering plenty of opportunities for career advancement or even a professional breakthrough. Managers can be found in all industries and fields and their job is to offer structure and strategy to a workplace.
Due to the responsibility of these positions, it is unlikely that you will be able to find a managerial position without first obtaining an additional degree or a number of years of mid-level work experience. In spite of this, business graduates are trained to become managers at some point in their careers, and with unwavering determination and career progression, earning an additional degree may be unnecessary.
- Business Careers In Consultancy
Another option that may be of interest to you is the area of business consulting. It means working in a team, combining your business skills and analytical skills to advise other businesses, usually focusing on how to optimize a project or part of the company. Projects and clients can vary widely, which guarantees many new challenges to be overcome. Or you could specialize in a particular type of business, combining your knowledge on business with a second area of interest, like engineering or logistics.
- Business Careers In Retail And Sales
Retailing and selling isn’t limited to shelf storage and cold calling, especially if you’re armed with a business degree. There are so many opportunities within sales and retail, they include shop-based and office-based positions and travelling roles for which you must have a good knowledge of global markets.
For those who want to achieve the highest levels of careers in retail and sales, large companies often offer the option of undertaking a graduate training program or trainee management program to accelerate their position in the field within the company. This can be very useful for gaining field experience while continuing to develop your business and management skills.
Other popular graduate careers with a business degree include auditing, banking, communications, distribution, energy and utilities, hospitality and recreation, IT, insurance, journalism, law, logistics, manufacturing, business administration, media, production management, public relations, public sector and defense, risk management and taxation.
Less Typical Careers With A Degree In Business
What can you do with a business degree without following the typical paths? Well, there are a lot of things you can do. The roles that require business acumen and analytical thinking are endless, and your choice of which industry to steer into will likely be based on personal interests. A cliché, but it’s true: if you work for a company, product or service that you truly believe in, you are likely to be more motivated and effective in your role and move forward faster.
- Business Careers In Media
While business degrees don’t seem like the most creative path, they can actually lead to many roles within the creative industries. Media is such a popular industry, an umbrella term that covers television, movies, online publishing, newspapers and magazines, events, etc.
While you are unlikely to be directly involved in creative endeavors such as writing, video editing, or producing animation, you will need a good understanding of the media industry you work in. Corporate careers in media include roles in sales, HR, public relations, finance and accounting, operations, marketing and branding, and overall management.
- Business Careers In Marketing And Advertising
Opportunities in marketing and advertising are plentiful for business graduates, especially those with a creative flair. In the marketing and advertising industries, graduates of business can use the analysis and report-writing skills acquired during their degree to carry out market research, developing marketing strategy, customer relations, maintenance of contact with editors and copywriters, designers and printers, market analysis and evaluation of campaign results. There is a good chance that you will be working with industry experts like designers, video producers and editors and will need to starting develop and update your skills to meet the changing technology and market trends.
- Business Careers In Human Resources
The business world doesn’t have to be a watchdog, and human resources career offer roles that require both business acumen and very sharp interpersonal skills. Recruitment, training and compensation are all areas managed by the human resources department. Strong communication skills are important, but you will also need to have a good basic understanding of business operations and management, and a detailed and updated understanding of labor laws and company regulations.