Pursuing a business degree is a popular choice among college students. In fact, it's the most popular type of degree in the U.S., with 19 percent of graduating students earning business degrees in 2017.
But with so many people pursuing these degrees, you might start to wonder whether business is still the right choice for you. Has the degree lost its value? Is it still capable of giving you the skills and credentials you need to jumpstart a successful career?
The short answer? Absolutely. Whether you enroll at a traditional 4-year campus or in an online business degree program, an education in business can be incredibly valuable. In fact, we'll give you our top 7 reasons why pursuing a degree in business is still a great decision for your future.
1. The Demand for Business Graduates is High
One of the biggest reasons business is so popular is, to be frank, because business majors are getting hired. Employers everywhere need employees with the skills developed in business programs.
Just take a look at the numbers. According to NACE's 2018 Job Outlook Survey, 8 out of the top 10 degrees in-demand with employers right now are under the business umbrella, ranging from finance and accounting, to marketing, business management, and more.
In other words, after you graduate with a degree in business, you'll have many opportunities to choose from as you start applying for jobs.
2. A Better Starting Salary
While salary is affected by various factors, such as location and experience, research shows that the average starting salary of a business major is $55,000 per year—that’s the third highest starting salary for all college degrees, behind only engineering and computer science. So after you graduate, you’ll already be well-positioned to pay off student loans and save for the future.
3. Diverse Specializations
Under the business umbrella, there are various degrees to choose from. That’s good news for potential business majors, because it allows you to cater your education to your passions and talents.
Some common business majors include accounting, finance, business management, marketing, economics, and more. There are more technologically focused business degrees as well, such as information systems, if that’s where your talents are. Whichever specialization you choose, however, each has career options available for your future.
4. Learn Industry Skills & Software
If there's a specific career you'd like to pursue in the business sector, then one of the barriers to entry will inevitably be learning the software necessary to succeed in the industry. Degrees in business often prepare you with the skills and software knowledge you need to be more employable when you hit the job market.
For example, almost everyone is familiar with Microsoft Word, but depending on the career, you may need to delve deep into the Microsoft Office Suite’s data-focused software, like Access and Excel, or their project management software, Microsoft Project. You may also need to delve into the SAS software suite, or if the career leans toward information management, you might need to learn the basics of coding languages such as Python or HTML.
Whichever specialization you pursue, a good business program will prepare you with the skills and software necessary to succeed in your industry.
5. Sharpen Other Versatile Skills
While hard skills are important for any job, soft skills are also a vital part of any successful career. As a business major, you would develop many valuable and transferable soft skills.
Some of these skills include written and oral communication. Within any business, you need to communicate frequently by email, explain your ideas in meetings, or give presentations to co-workers, management, and clients.
Through business class projects, you'll learn great teamwork, which will be vital when collaborating on the job with a diverse group of individuals with differing opinions and backgrounds. You'll also develop project management skills, self-motivation, strategic thinking and analysis, and problem-solving skills.
6. Networking Opportunities
Because majoring in business is so popular, the degree also provide you numerous chances to network for the future. Today’s classmate’s and project partners are tomorrow’s connections and co-workers. Business colleges also often have professional networking groups and alumni associations, making it easier than ever to make connections, even before entering the workforce.
7. Online Education Options
Depending on your schedule—for example, if you’re trying to earn your degree while working a full-time job—it isn’t always feasible to pursue your education at a brick-and-mortar institution. Luckily, there are online business degree options available that offer flexibility and affordability, as well as hybrid course options, such as our own business management, which can be earned online with select courses at one of our campus locations.
The future is bright with business
There are a lot of reasons to pursue business, but the overarching reason is that the future is bright for business majors. If business interests you, check out the business degrees we offer here at Granite State College, and take the first step toward your future.