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 where students become focused on building leadership skills and learning business principles.
If you are pragmatic with your Degree and what you plan to do with it, a business degree can be a great choice!
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 have graduated with a Business Degree have landed up jobs, whereas people from other streams or fields have a harder time. According to the United States Bureau of Labor Statistics, many students who attended business degree colleges can now earn six-figure median annual salaries.
There are various business degrees, and future students must choose wisely (see in the video):
People often complain about how Undergraduate Business Degrees focuses more on the nuts and bolts of Finance and Accounting and fails to Develop Critical Thinking and Problem-Solving Skills through Long Essays, in-class Debates Liberal-Arts Courses.
Unsurprisingly, most Majors operate on the same principles. It is up to you how you will pursue the subject and gain exposure. Internships revolving around your Major can really 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, Healthcare Administration/Management. There are hundreds of job positions related to business degrees. However, based on experience, skills, location, and people with a business degree, they can be paid on a wide salary scale.
Business degree jobs list is:
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 has a Financial Manager with an MBA of around $129K per year.
Can you get an MBA without a business degree?
You can apply to a Master of Business Administration without a business degree. Students can study MBA whether their undergraduate degree is 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 4 questions that each student who wants a business degree should ask:
1. Do The Professors Have Real-World Experience?
Most of the time, professors lack real-world experience and can tremendously affect your interest in a Subject.
Honestly, it doesn’t make sense to learn from a professor who doesn’t have any 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 transform students into capable graduates.
2. Are You Applying What You Learn?
Internships, Volunteering, and Jobs are quite effective when it comes to garnering real-world experience.
In this way, you will be able to apply the knowledge which 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.
Both the quality and worth of your Degree are highly co-related to your institution.
The major problem with Tier 3 & 4 colleges is that most of them have been established for commercial/business purposes, 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 are going to do with a Business Degree?
Have you chalked out a plan for how you are going to 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 have to chart out a plan to do things differently to stand out from the crowd.
Are you doing things differently?
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
