Professional Documents
Culture Documents
Research RRL
Research RRL
Research RRL
Recent studies show that 70% of secondary students want to start their
own businesses; yet, only about 15% feel that they have the skills and
knowledge to do so. Also, it is a well-publicized fact that today's
graduates will change CAREERS (not jobs, in the sense of moving to a
higher-level position or moving across town to do the same job) at
least seven times in their professional job years. This means students
need to have the knowledge and skills it takes to become a lifelong
learner and to harness the momentum of the business world to their
advantage!
Business and related subjects (such as the FAME group finance, accounting, management
and economics) are among the most popular fields of study at universities worldwide,
particularly at graduate level. You might have some vague ideas about why this is the case
business graduates are in high demand worldwide, business touches on pretty much every
aspect of modern human society, careers with a business degree are diverse and often highly
paid and these assumptions are likely to be largely true
But if youre still not quite convinced, heres a deeper exploration of the question, Why
study business?
First, its important to recognize that there are many different types of business
degrees to choose from, offering different specializations and benefits, and applicable
to people at different stages of development and with very different career goals.
In the US 2013-14 PayScale College Salary Report, the average starting business
degree salary was reported at US$43,500, with the average mid-career salary at
US$71,000. The figures vary depending on the specialization: international business
graduates are projected to start on US$43,800 rising to $US83,700 by mid-career; for
finance the figures are $49,200 and $87,100; accounting $45,300 and $74,900; human
resources $38,000 and $63,900; organizational management $41,900 and $60,300;
marketing management $42,100 and $80,200.
For those studying at the masters level, business degree salary expectations are likely
to be higher. According to the latest TopMBA.com Jobs & Salary Trends Report,
salaries for MBA graduates average almost US$109,200 in the US and Canada. In
Western Europe the average earnings for those with an MBA are a little lower overall
but this varies depending on the country, while expectations in Australia are around
US$117,800.
If a top salary is important to you, it may be worth while researching the latest salary
trends and forecasts for different business specializations, as well as looking into the
world regions reporting highest demand for business graduates.
Transferable skills gained from a
business degree
During your business degree youll develop a broad knowledge of business operations
as well as gaining targeted skills in your specific field, such as customers, markets,
finance, operations, strategy, business policy, communications and IT. Youll typically
also be challenged to explore these fields within an international context, though in
some cases it will be advantageous to specialize in their application within a particular
country or world region.
You can also expect to gain many valuable transferable skills, which can be put to use
in both everyday life or if you decide to take a completely different career path. The
skills gained from a business degree are likely to include:
http://www.topuniversities.com/courses/business-management-studies/why-
study-business
Business and related subjects are among the most popular fields of study at
universities worldwide, and there are very good reasons for this:
Business graduates are in high demand with employers worldwide and are
some of the most employable. You will have a wide variety of possible career
options open to you upon graduation.
Business is both a theoretical and a practical discipline, meaning that you not
only gain a great range of knowledge, but also learn the skills needed to apply
this knowledge to real life settings, again assisting with employability and
putting you ahead of the pack.
When choosing a career path, you should carefully consider all aspects of what that
career can offer you over the coarse of a lifetime. Keep in mind as you do so that
what may appeal to you now may not appeal to you as much a decade or more
from now. If you have not yet considered pursuing business studies, here are seven
good reasons for starting a business career that you may not have considered
before.
1. It Is a Practical Choice
Business majors have more job security than other majors because they are
needed in virtually all industries. Whether its Disney, Microsoft, or a large
meat packing plant, all industries need people with business acumen to
function and prosper. This will always keep the demand for business majors
relatively high, even in poor economic times.
If you enter into a business studies program , you will have plenty of
opportunity to specialize. For example, you could specialize in management,
marketing, human resources, accounting, or business finance. You could also
choose to specialize in a specific industry such as the fashion industry or in
the humanitarian non-profit sector.
To keep things interesting, many people find that at some point in their
career, they yearn for a complete change. If you have a business career, this
is much easier to do than with many other professional careers such as
nursing, engineering, and radiology. This is because business skills transfer
more easily between industries than the professional skills you would acquire
in other professions.
Many talented people who start their own business fail simply because they
do not know enough about the business side of their industry. For example,
an interior designer may be extraordinarily talented in design but may not
fully understand the most basic principles of accounting, marketing, and
managing employees. This is why it may be a good idea to combine business
studies with another major.
If you are still uncertain about whether or not business studies would suit
you best, consider talking with a career counsellor. Here at BROWNS
Professional he are happy to provide all the information and the support you
might need. Alternately, recently retired individuals can be an excellent
resource on helping you make career decisions. Good luck in whatever you
decide!
https://brownsprofessional.edu.au/blog/7-reasons-start-business-career/