With student loan debt being such a hot topic, it’s understandable that prospective students would want to do some prior research to ensure they’re making the greatest educational option possible. Because there is always a demand for persons with business-related skills, business degrees are frequently considered to be a “safe” option.
Is this relevant to corporate management? Is it a feasible career path? How may a business management degree assist you in getting started? Find out the answers to these and other questions in the sections below. The BSU Online Program can match your requirements!
What Is Business Management, Exactly?
The process of managing activities is known as business management. Some company managers are in charge of entire organizations, while others are in charge of certain departments. To guarantee that the organization’s objectives and goals are met, business managers frequently plan, coordinate, and direct company resources, including personnel.
What Are the Advantages of a Business Administration Degree?
A business management degree opens the door to a world of opportunities. To begin with, all industries make use of business management skills. This is true for both small and large businesses. As a result, you have a number of options for where to apply.
To fulfill the degree, each industry that uses business management has a range of tasks. Among these are, but not limited to:
- Administration of sales
- Administration of services
- Marketing management
- Administration of human resources
- Financial management, IT management, and office management
- Strategic management
- Project management Production management
- Client service management
- Operations management
- Administration of the community
- School administration management
- Administration of logistics
- Administration of the supply chain
- Management assessment
While some firms may recruit people without a degree for these positions, graduates have a better chance of getting employed. Furthermore, earning a degree in business management may provide the following benefits:
- It helps you to begin your new work with greater understanding and expertise.
- You can make faster progress.
- It frequently leads in a higher salary.
- It provides you with transferable abilities that may be used to a variety of industries and professions, making it simple to change jobs if necessary or desired.
As can be seen, a business management degree provides graduates with several alternatives, making it a feasible job option.
Is a Career in Business Management a Good Choice?
Earnings for business management degrees vary based on geography, job title, and other factors, much like any other career. It is undeniably profitable, with annual earnings of up to $96,155. The beginning salary is less than $65,000 a year. However, the national average annual salary is $76,500.
Remember that these numbers are subject to change. Business management jobs are numerous, and there are various certification options to assist you advance your career or be employed by larger corporations. To summarize, the sky is the limit with a business management degree.
Additionally, candidates for roles in corporate management are in great demand. According to the Bureau of Labor Statistics, there will be an annual growth of around 1.1 million employment possibilities until at least 2032.
Requirements for a Business Management Degree
Business management degrees are classified into four levels: associate’s degrees, bachelor’s degrees, master’s degrees, and doctorate degrees. Each level, as well as the institutions that provide various degree categories, has its own set of criteria. The table below offers a high-level overview of what to expect at each level.
An associate’s degree in business administration is a basic curriculum. It will contain basic project management, human resource management, customer service, and accounting courses. It will take you roughly two years to complete and is the best option if you wish to work as an entry-level sales representative or administrative assistant.
Bachelor degrees dig further into topics like human resources and accounting. They also include themes such as corporate finance, organizational behavior, marketing, and others. Depending on the curriculum, some programs might take up to five years to complete. It is a fantastic option for those looking for a higher-level position, such as human resource manager or financial analyst.
A master’s degree in business administration can assist you avoid entry-level and lower-level jobs and establish your leadership career. Among the topics covered are corporate finance, leadership, company strategy, digital marketing, and business ethics.
Your bachelor’s degree program might take one to two years to complete. This is a time commitment, but people with an MBA are in high demand in a wide range of sectors.
A PhD is often the best path to the top of the corporate ladder in the shortest amount of time. It digs further into issues like as leadership, strategic planning, and analysis, among others. It may take up to six years to complete, but it may help you rise to positions like CEO in a reasonable amount of time.
Online vs. On-Campus
When you’ve decided that a business management degree is what you want to pursue, you’ll need to plan how you’ll get there. Online, on-campus, and hybrid programs are the most common options. Which is the most effective? Consider the benefits and drawbacks of each below.
Taking classes on campus may be a great option for persons who learn best by listening, asking questions, and arguing the answers. However, the timelines are constrained and may not always work well when you have other obligations.
Online classes frequently provide greater flexibility. You have duties and deadlines, but most of them can be completed around your schedule. This is perfect for folks with jobs or families.
Online lessons might be challenging if you are not well organized or need someone to explain things to you. However, there are programs that include recorded lectures, discussion forums, and other features, so online programs should not be completely discounted.
Programs that use a Hybrid Approach
Some programs provide both online and on-campus learning choices. This can be useful for people who need in-person education in certain areas but can manage the rest on their own.
How to Get Started with Your Business Degree
Do you want to pursue a degree in business management? To begin your new career path, go to the BSU Online Program page. Online, you may also discover a variety of additional courses and degrees, like Accounting Masters online!