With high-projected development for careers over another several years in areas such as fund, marketing, and management, it is no wonder that business degrees continue to be among the most popular degrees pursued in colleges and universities. Despite their popularity, many people still raise the question: Are business degrees worth it?
Business degrees generally provide a comprehensive grounding in the workings of an organization, from finance and accounting to procedures and marketing, with more specific courses available for more specific business disciplines. One of the most popular business degrees at Masters level is the MBA or Master’s in Business Administration. Some would argue that experience is the main thing that employers look for in potential employees. In 2014, a CBS news study reported, “27% of employers have raised their educational requirements before five years”. The scholarly study was participated in by more than 2,000 hiring managers, among which a substantial number saw higher quality work, better communication and more revenue produced from college-educated employees.
SEE ALSO: What’s better, an MBA or Work Experience? Apart from gaining the academic background in business as the building blocks for your future career, there are many potential upsides to achieving a business degree. One of these is an increased expected salary. In October 2014, it was also reported in Canada that business administration degree holders were the very best earners in a study conducted over the 20-12 months period. Another advantage would be the existence of business functions across multiple sectors.
Industries such as IT, media, advertising, fast-moving consumer goods, or health-care management, will demand business graduates to fulfill business-specific positions. This is especially worth considering if you value career flexibility. A business degree can also help you stick out when enough time to consider employment comes.
This may maintain the form of networking. Institutions help connect their students to professors, peers, and mentors who could play important functions within an individual’s future. Most universities have career or placement services that partner with different companies or businesses for job fairs or job posting efforts. That has a business level?
Another way a business degree helps you stand out is because of the reputation of exceptional people who hold business levels, of which the most popular is the MBA. Michael Bloomberg, the founder, chief executive officer (CEO) and majority owner of Bloomberg LP, comes with an MBA from Harvard University. He also served as the mayor of NEW YORK. James Dimon, the president, chairman, and chief executive officer of JPMorgan Chase (who was simply also named CEO of the entire year in 2011 and served as a director in the Federal Reserve Bank of New York).
Sheryl Sandberg, the current chief operating official (COO) of Facebook and former Vice President of Global Online Sales and Operations of Google. She’s a bachelor’s level in Economics and an MBA, both from Harvard. Sean Rad and Justin Mateen, (albeit controversial) co-founders of the Tinder app, went to the University of Southern California’s Marshall School of Business. Sam Yagan, co-founder of popular sites SparkNotes and OkCupid, comes with an MBA from Stanford University. Rebecca Cantieri, Will Wagner, and Ross Moser of the Management Team of SurveyMonkey, the world’s leading survey platform, all hold from different academic establishments MBA. Is it worth it?
With what has been talked about in this article, a very important factor is for certain: there are many advantages that come from having a business degree. However the question remains. Is a business level worth it? In the survey done by Rasmussen College, 2000 people who have a degree in a business-related field, 70% responded they would recommend pursuing a business degree when prompted.