Things to keep in mind before pursuing a business degree:
There are a large number of business degrees offered by online schools today. These include associate degrees, bachelors’, masters’, as well as doctorate degrees. Most students of business prefer to get degrees in marketing, business finance, advertising, accounting, customer service, management, or sales. The best part about studying finance is that the course work is relevant in a number of fields and creates a number of career opportunities.
Types of Business Degrees Available Today
An aspiring business student can choose from a wide array of degrees in business. Most educational institutes offer Masters’ and Bachelors’ degrees with multiple specializations that address current market requirements. Accounting, marketing, and finance seem to be popular choices nowadays. If you are looking for further ways to enhance and supplement your career, a Masters’ degree in business administration (MBA) or a doctorate degree in an appropriate subject would e really useful.
An MBA offers an all-round professional education in business, while an MS or MA focuses on a particular area like marketing or accounting. Before zeroing down on a specific program, it would be best to assess the abilities and skills that you possess. If you are good at math and have strong analytical skills, finance, accounting, and economics would probably suit you best. If you are good at handling people, you would surely excel at management or marketing.
Career Opportunities with Business Degrees
A number of career options are available to those who have a degree in business. A few key areas that a degree program in business studies will focus on are financial disciplines like statistics, accounting and economics; management specializations like hospitality, retail and food service management; and operational disciplines like sales, human resources, marketing, and purchasing. Everyone can find their professional niche with a degree business studies under the belt, since the specializations vary from the impersonal to the inter-personal.
Salary Levels for Business Majors
The kinds of salaries available to business graduates vary as greatly as the number of available career options do. A lot depends on what kind of specialization you opt for, whether it is in customer service or finance, an also whether you find employment in the public sector or in a private company. Most private companies as well as not-for-profit organizations work with tight budgets and thus are unable to offer very high salaries. However, fresh graduates can easily find employment here, albeit at a lower salary.
If you have absolutely no experience in this field, you may even have to settle for a pay packet of $20,000 to $25,000 a year, until you gain sufficient experience or move on to a bigger or better company. At the senior levels, directors and managers get paid an average salary of about $35,000 to $40,000, depending upon their level of experience and knowledge. People with plenty of experience in the right position and a bachelors’ degree in business studies can even negotiate for a higher pay packet.
Online degree programs in business studies: Advantages and Disadvantages
Online education has gained a lot of acceptability in recent years, and is pretty well regarded as a legitimate means to earn a degree. The curriculum offered by most online educational programs is on par with that offered by traditional campus-based institutions. The great thing about online degree programs is that are flexible, convenient and easily accessible to aspiring students who may be unable to study fulltime due to a variety of reasons.
For instance, as an online student, you have the option of attending the virtual classroom after work or, if you prefer, in the middle of the night. Thus, an online degree program in business is the best thing to go for.