Many people ask themselves before enrolling in a business program, “Is a business management degree worth it?” It’s only natural and, to be honest, wise to ask that question. Pursuing a degree is a big decision that should only be made after careful thought. The good news is that many people can benefit from a business management degree in terms of potentially expanded job opportunities, higher earnings potential, and career advancement opportunities. Earning the degree can also provide tremendous personal satisfaction and a sense of accomplishment. other similar degrees also growing in popularity. In fact, the number of bachelor’s degree-level business degrees awarded has more than tripled since 1970.
What Can a Business Management Degree Get you?
A business management degree can help you prepare for a variety of career opportunities in a variety of industries, including positions as a leader. Graduates of business management programs can work in finance, human resources, information security, marketing, and other fields. A degree in business management can lead to a variety of jobs within those fields, such as business analyst, financial planner, data analyst, human resources manager, or accountant.
Many of the fields for which a business management degree can help you prepare are expanding. According to the U.S. Bureau of Labor Statistics, employment in business and financial operations occupations is expected to grow faster than the national average for all occupations from 2019 to 2029. 2 For example, the national employment outlook for management analysts is expected to increase by 11% between 2019 and 2029.
If you’re wondering whether a degree is really required to pursue a career in business management, consider this: Only one of the more than a dozen business and financial occupations listed by the U.S. Bureau of Labor Statistics does not, in general, require a bachelor’s degree.
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What Can You Learn from a Business Management Degree?
What can you expect to learn in a business administration degree program? Many of the skills typically taught can be directly applied to today’s business environment, including critical thinking, mathematical reasoning, administrative management, and more specialized skills such as budgeting and forecasting, and project management. What you learn will be tailored to your specific field, depending on your area of interest.
Business Management Skills Required for Success
Some people believe that people who work in business management are natural born leaders. That may be true for some, but the soft skills required for success can also be learned. These abilities include the ability to lead others, a willingness to take risks and learn from failures, and a keen sense of self-awareness that allows you to know when to take control and when to delegate. Effective time management, the ability to prioritize, and the ability to drive toward and meet business goals are other qualities that can lead to success in business management.
How to Get the Most Out of Your Degree
Use all of the resources and people available to you to be as successful as possible while pursuing a the degree and after you graduate. Develop close relationships with faculty and students, many of whom may become future professional colleagues. Make use of the student support services that are available to you.
How Long to Earn the Degree?
While obtaining a degree in business management does require a time, it may be less than you think. Remember that obtaining a degree can be viewed as an investment in your future. The sooner you make the investment, the sooner you will be able to answer the question, “Is a business management degree worth it?”