How Beneficial Is a Degree in Business Management?

Many individuals choose to obtain a traditional educational degree prior to entering the business environment. Business degrees are available in a variety of specializations, including accounting, finance, business management, economics or other business topics. A common choice is a degree in business management. This degree should provide individuals with a well-rounded foundation relating to employee management and creating a dynamic workplace environment.

Facts:

The typical educational format for a business management degree is the three-year baccalaureate program. Coursework comprises finance, human resources, workplace relations, economics, marketing, team dynamics and other business or management courses. Courses usually include teamwork-style groups that promote the use of several individuals to complete assignments based on classic business functions.

Increases Business Skills:

Business management degrees help individuals increase their business skills: leadership, interpersonal communication, technology and other valuable character traits. These skills are commonly referred to as hard skills in the business environment. Hard skills are technical abilities individuals learn through years of experience or traditional education. Hard skills may also relate to a specific business industry, such as food service, manufacturing and production, retail or service industries.

Better Job Opportunities:

Individuals may find better or increased job opportunities with a business management degree.  While lower level management jobs may be less competitive, a business degree can help set individuals apart from other potential employee applicants.

Wages:

Higher wages are often linked to positions requiring business management degrees.  Wage information was collected from individuals working as private company managers, hospital management, local government positions and college or university managers. 

Considerations:

Individuals may choose to advance their education beyond their undergraduate degree. A master’s in business administration can help individuals deepen their understanding of business management theory and other similar topics. Higher education can also lead individuals to obtain professional certification, such as the certified manager (CM) or professional of human resource license. Professional certification often increases an employee’s job prospects and wage earning opportunities.

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