A business degree is an excellent way to gain many transferable skills required for success in the workplace. You can pursue various business degrees, one of the most popular of which is an undergraduate business studies degree.
Accounting, finance, management, and, increasingly, entrepreneurship are among the topics covered in a business studies degree. Additionally, This broad range of topics emphasizes the multidisciplinary nature of business and the need to comprehend all of the critical components required to run a successful company.
Consider a dedicated program in that area, or a dual honors degree, if you want a degree that focuses more on a certain facet of the business sector (e.g., economics or marketing) (e.g., Business & Economics). A dual degree gives you general and more specialized business abilities, putting you in a good position to apply for graduate jobs.
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What Can you do with a business degree?
All sectors require competent leaders, managers, financial advisers, and market-savvy decision-makers, therefore corporate business careers are available in almost every industry. Furthermore, traditional employment paths, such as banking and finance, consulting, human resources, and marketing, entice many business graduates.
However, suppose a traditional corporate job doesn’t thrill you. In that case, a business school can teach you how to start your own company or work in more creative fields like fashion, media, or even the nonprofit sector.
The benefit of a business studies degree is that it can lead to various entry-level positions upon graduation while also allowing individuals who want to specialize further to increase their return on investment by pursuing a graduate degree.
Furthermore, Masters in Management, Masters in Finance, and Masters in Business Administration (for individuals with some professional experience) are examples of postgraduate programs (MBA).
10 Highest Paying Business Degrees 2023
Students envision themselves as the CEO of a thriving organization, managing a business, and managing budgets when they begin their business careers. However, it will be a long road to success for someone with a business degree. Additionally, education is far from cheap, and it requires a great deal of forethought and sacrifice. However, thinking about how much each degree pays might be invigorating when seeking a business degree.
That is why we compiled this comprehensive list of the highest-paying business degrees.
1. International Business:
You can either go for M.S in International Business or MBA in International Business. However, if you’ve ever been curious about how businesses operate on a global scale. One of the things you can do with a Business Degree is a career in international business.
Global Business degrees may be the right fit for you, especially because the median yearly wage is more than enough to motivate you. Furthermore, the major gives students all of the knowledge and practice they need to understand how global business works and how to focus on multinational organizations’ success.
It’s difficult enough to run a business in the United States, let alone worldwide. Despite this, several businesses are incredibly successful in this area. Capital markets, emerging financial markets, global banking, multinational company management, and other global business degree programs are available.
Graduates of this curriculum have the potential to achieve greatness if they are determined and know how to apply their knowledge. Project manager, marketing director, chief executive officer, management analyst, and other positions require this degree.
2. Human Resources Management:
Human Resources Management is One of the careers in Business Degree. You can choose between M.S, B.S or MBA in Human Resources. Human resources have emerged as the most important pillar and a cornerstone of modern work. While they play a key part in business management, it’s worth noting that this degree isn’t easy to obtain.
Before students can become human resource managers, they must complete and understand several courses. However, It necessitates significant coaching, training, studying, planning, and patience. Additionally, human resource professionals must deal with duties such as recruiting, motivating, training, and evaluating an employee’s talent, which can be exceedingly difficult. Graduate students can work in various roles, including human resource professionals, managers, recruiters, and others. They can also earn more than $120,000 per year.
3. Business Administration:
Business Administration is one of the most sought-after degrees, with students learning how to conduct research, And one of the careers in a Business Degree. analyze data, and lead operations inside a company. Additionally, A business administrator’s role is to use their skills and knowledge to increase revenues while making an organization more efficient.
Business strategy, finance, accounting, economics, statistics, operations management, and information systems are among the subjects taken by students. Additional expertise in business administration and management will lead to improved work opportunities. Graduates can earn anything from $60, 000 to more than $130,000.
4. Accounting:
You can either go for B.S, M.S, or MBA in accounting.
Without accounting, there would be no business, profit, budget, or anything else that has to do with estimating earnings, fees, taxes, and other expenses. Students who major in accounting can work as auditors, keeping track of and improving the company’s budget. However, They can operate in information technology and collaborate with various fields to help a firm improve its organizational policy and earn more revenue.
Candidates completing the training and graduating are eligible for various careers, including loan office administration, financial representatives, accountants, auditors, and other positions. The beginning income is lower than the others on the list, but it can rise to $80K annually.
5. Healthcare Management:
Both healthcare management and administration degrees are critical for advancing medical care as a whole. Furthermore, both programs allow students to advance quickly and maximize their employment opportunities. It entails learning about various business trends, trades, and leadership.
Graduates in the profession can earn over $80,000 per year and have a promising career path. Hospital administrators, consultants, managers, and other professionals are available.
6. Management Analyst:
As a management analyst, also known as a management consultant, you benefit firms in becoming more profitable by identifying cost-cutting and revenue-generating opportunities.
You will likely work as a consultant, meeting with various clients and On-site interviewing and observation to assess company performance. Examining financial records and job applications. Recommend new procedures and organizational adjustments. Workers are being educated on new tactics that have been deployed.
Furthermore, you’ll rely on your business and leadership abilities as a management analyst if you have a business, economics, finance, or marketing degree. An MBA makes you even more appealing to top consulting firms. Some management analysts seek to achieve their Certified Management Consultant (CMC) designation, which is not usually needed.
7. Business Careers in Consultancy:
The field of business consulting is another possibility that may be appealing. This is working as part of a team and combining your business and analytical talents to provide recommendations to other businesses, usually on improving a certain project or aspect of the firm. However, Projects and clientele might be diverse, presenting a variety of new obstacles to overcome. Alternatively, you may specialize in a certain form of business, combining your business skills with a second area of interest, such as engineering or logistics.
8. Finance Management
Finance Management is available in B.S, M.S, and MBA in finance.
Finance may appear to be a simple degree, but it is much more than that, and it pays well for the most dedicated employees. Graduates of finance programs have studied a variety of skills for growing a business and increasing profits.
They thoroughly understand financial accounting, capital formation, various money markets, and how to make the best investment. They also learn how to collaborate with a variety of businesses, both locally and worldwide.
Marketing, business law, human resources, operational management, statistical analysis, and other general business degrees are available in this subject. They can also apply their consulting expertise to a wide range of enterprises. It’s a career that can pay well over $100 per hour, potentially making up to $150,000.
9. Business Economics:
Economics is one of the essential business fundamentals, which everyone who has studied business should be familiar with. There are, however, applicants that specialize in Economics who will provide excellent achievements in the future.
They are trained to comprehend and apply various company regulations and policies, as well as worldwide and public relations, and the principles of federal business legislation. Economists can work as market analysts, investment bankers, credit analysts, and other positions after graduation. It’s a lucrative career, with applicants earning up to $100,000 per year.
10. Business career in Retails And Sales:
There’s much more to retail and sales than stocking shelves and making cold calls, especially if you have a business degree. There are several opportunities in sales and retail, including shop-based and office-based positions and traveling positions that require a thorough understanding of worldwide markets.
Additionally, large firms frequently provide the opportunity to participate in a graduate training program or a trainee management program to fast-track your position within the company for people wishing to advance their careers in retail and sales. This can be quite beneficial in acquiring on-the-job experience while developing your business and management skills in a commercial setting.
Conclusion
The final decision will be made by an individual who wants to use their business knowledge to assist other firms in succeeding. If you think you’re good with numbers, business economics, accounting, and finance might be your ideal fields.
If you think you’re better at management, international business, human resource management, and healthcare may be better options. Finally, if you think you’re better at selling and running online businesses, e-commerce management, information system management, and marketing can be the greatest fit for you.
FAQ
Have you always wanted to lead a team of people, improve a company’s efficiency, or manage a company’s finances? These are just a few jobs available to those with a business administration degree. As a business administrator, you’ll normally oversee, organize, and coordinate operations, finances, personnel, and other critical parts of a business. You could be in charge of a certain department or a more general leadership position. You could even want to create your own company.
A business administration degree can lead to a wide range of jobs. Marketing Manager, Distributions Manager, Sales Director, Business Consultant, Financial Analyst, Executive, and a variety of additional professional pathways requiring knowledge of business development and leadership are just a few examples. Many students discover that the knowledge and abilities they gain in a business administration school are transferable to jobs in various disciplines and industries.
Business students may take essential courses like algebra, English, public speaking, leadership, management, economics, finance, and other important topics in business administration in a bachelor’s degree program. MBA programs may concentrate only on business administration themes, such as entrepreneurship, international business, marketing and promotions, etc. Undergraduate and graduate business programs frequently include case studies, role-playing, and research.
A business administration degree can be used to work for a range of companies, ranging from tiny firms to major multinationals. Government agencies, charitable organizations, healthcare facilities, retail enterprises, and other employers may be looking for business majors in sales, management, or consulting.
When starting a business, there are four questions you should ask yourself.
· Why are you deciding to establish your own company? Before you do anything else, you must first answer this question…
· What sources of capital do you have? …
· What skills do you have?
· Would you be disappointed if this failed?
References:
- entrepreneur.com/article
- ownyourownfuture.com/highest-paying-business-degrees/
- topuniversities.com/student-info/careers-advice/what-can-you-do-business-degree
- coursera.org/articles/what-can-you-do-with-business-degree
