A business degree can be a solid investment. On its own, it can lead to a lucrative career in a number of growing business fields, including budget analysis, market research, financial analysis, and personal financial consulting. On top of another degree, business acumen can also give you an advantage in your current field to move up to the management level.
It is no surprise, then, that business is a popular option. In fact, it is the most popular field for graduates with bachelor’s degrees, and the second-most-popular for master’s degree holders, according to the latest data from the National Center for Education Statistics. At the same time, business positions are growing at an above-average rate. Personal financial advising, for instance, is expected to grow by 30% by 2018, according to the U.S. Bureau of Labor Statistics, which is much faster than the overall average for all occupations. Even with such growth, the business sector is highly competitive. A business degree from an accredited institution can help those seeking to enter the industry stand out above the rest.
A business degree is a math-intensive one, with course work including areas such as introductory accounting, statistics, economics, and calculus. For those looking to ultimately pursue a master’s degree in business administration (more commonly referred to as an MBA), some business schools will accept students from any major, though a bachelor’s in business is preferred. A strong foundation in business will also help in taking the business school entrance exam, the GMAT, as well as help hone your area of interest from the outset.
Most entry-level positions in business require a bachelor’s degree, if not a higher degree. A job as a budget analyst, for instance, requires at minimum a bachelor’s degree, though some organizations prefer or require a master’s degree, according to the BLS. Similarly, a career as a financial analyst will require at least a bachelor’s degree, though a master’s degree in finance or an MBA are preferred, according to the BLS. Some careers may also require professional licenses and certifications upon hiring.
A degree in business provides graduates with a range of skills useful across most fields, due to the focus on leadership, organization, teamwork, problem solving, and working with numbers. From core courses such as finance, marketing, and organizational behavior, to non-business-related electives like sociology or art, the degree makes for a well-rounded, broad education that will pave the way for a successful career.
When choosing the business degree program that’s right for you, first look for an accredited college or university. Secondly, seek out a program that can meet your specific career goals. Some possible concentrations include marketing, international business, and accounting. If you are not sure about which specific area you’d like to pursue, consider a degree in general business administration or speak with an advisor.
When we decided to rank the best colleges online, we strove to use a method and formula that would produce the most objective and fair results possible. All of our data is quantified and taken from authoritative and reliable sources, such as the National Center for Education Statistics’ College Navigator tool, the U.S. Department of Education’s Database of Accredited Postsecondary Institutions and Programs, and the official websites of the schools included in these rankings.
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