Is a Business Degree Worth It?


Does it hold the same value as before?

Is a Business Degree Worth It?

A Business Degree is a worthwhile investment in your career—now and into the future. There’s plenty of evidence that a business degree can increase job prospects, create advancement opportunities, and increase your salary and lifetime income. Numerous jobs and careers involve a Business Degree, which allows students to focus on building leadership skills and learning business principles.

A business degree can be a great choice if you are pragmatic about your degree and what you plan to do with it!

On the other hand, if you are unsure about your career path and thinking of pursuing a Business degree, you should probably stop and introspect about what you truly want.

 

According to statistics, most people who graduated with a Business Degree have landed jobs, whereas people from other streams or fields have a more challenging time. According to the United States Bureau of Labor Statistics, many college students with a business degree can now earn six-figure median annual salaries.

There are various business degrees, and future students must choose wisely (see the video):

 

People often complain about how Undergraduate Business Degrees focus more on the nuts and bolts of Finance and Accounting and fail to Develop Critical Thinking and Problem-Solving Skills through Long Essays, in-class Debates, and liberal arts Courses.

 

Unsurprisingly, most Majors operate on the same principles. How you will pursue the subject and gain exposure is up to you. Internships revolving around your Major can help in such cases. If you are hell-bent on analyzing your business degree’s worth, there are multiple ways to perform the same.

 

Look in this video below what Warren Buffett gives his thoughts on whether business school is worth it:

What can you do with a business degree?

If you have a business degree, you can work in Accounting, Finance, Entrepreneurship, Human resources, Healthcare Management, International Business, Marketing, Public Administration, and Healthcare Administration/Management. There are hundreds of job positions related to business degrees. However, they can be paid on a wide salary scale based on experience, skills, location, and people with a business degree.

The business degree jobs list is as follows:

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Actuarial analyst
Arbitrator
Business adviser
Business analyst
Business development manager
Chartered management accountant
Corporate investment banker
Data analyst
Data scientist
Forensic accountant
Insurance underwriter
Management consultant
Project manager
Risk manager
Stockbroker
Supply chain manager

What business degree makes the most money in the US?

Master of Business Administration (MBA) Degree has the highest annual salary, on average $89,331 in the US. The highest salary is that of a financial manager with an MBA of around $129K annually.


Can you get an MBA without a business degree?


You can apply for a Master of Business Administration without a business degree. Students can study MBAs regardless of their undergraduate degree in music, medicine, engineering, sports, etc.

What is an international business degree?


The international business degree is an interdisciplinary degree that combines courses in economics, business, foreign languages, and other areas, preparing students to work in banks,  global corporations,  government, and others. A degree in international business prepares you for a global, culturally diverse career with opportunities spanning sectors and industries.

There are four questions that each student who wants a business degree should ask:

1. Do The Professors Have Real-World Experience?

Professors often lack real-world experience, which can tremendously affect your interest in a Subject.

It doesn’t make sense to learn from a professor with no knowledge of related industries.

On the contrary, professors with illustrious experience help apply industry knowledge in the classroom and evoke an interest in the subject.

It also assists in creating a healthy learning environment and transforms students into capable graduates.

 

 

2. Are You Applying What You Learn?

Internships, Volunteering, and  Jobs are pretty practical in garnering real-world experience.

In this way, you will be able to apply the knowledge that you learn inside the classroom.

According to Statistics, retaining power also increases manifolds when you start applying the theories of a subject.

Always remember you have a lot more to contribute to your classes when you have some experience.

 

3. Which Institution Are You Attending?

There are numerous Tier Levels for Business Schools, and Branded Institutions play an important role in Business Degrees.

Your degree’s quality and worth are highly co-related to your institution.

The major problem with Tier 3 and 4 colleges is that most have been established for commercial/business purposes rather than focusing on education.

Only the top Business Schools can produce students’ holistic development through exposure to case studies,  industry training,  research, and interaction.

 

 

4. Do You Have A Plan For The Future? 

Do you have a vision of what you will do with a Business Degree?

Have you chalked out a plan for how you will upscale the career ladder?

If your answer is NO, start TODAY!

If your answer is YES, you are on the right track, pal!

 

 

In today’s era, when getting a Business Degree has become a norm, individuals must plan to do things differently to stand out.

Are you doing things differently?

Daniel Smith

Daniel Smith

Daniel Smith is an experienced economist and financial analyst from Utah. He has been in finance for nearly two decades, having worked as a senior analyst for Wells Fargo Bank for 19 years. After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management. At Nimblefreelancer.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification. Read more on Daniel Smith's biography page. Contact Daniel: daniel@nimblefreelancer.com

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