Majoring in Business
According to the National Center for Education Statistics, business remains the most popular major among undergraduates. The reason is clear. In today’s competitive job market, an in-depth understanding of the business world is critical to building a successful career. Below are 10 reasons why majoring in business is a sound decision for any student.
Business is a subject that transcends industries. Nonprofits, mom-and-pop shops, corporations and government agencies all rely on business principles to function efficiently and meet organizational objectives. Gaining proficiency in finance, human resources and management provides students with skill sets that can be applied to a wide variety of industries.
2. Employment opportunities
According to The Washington Post, the lack of a college degree affects the employability of job candidates now more than ever. In the business and financial operations sector, 72 percent of positions require candidates to hold a bachelor’s degree. Earning a degree is the key to getting ahead.
3. Experience leads to job placements
Many business programs (including those at Husson University) offer internship opportunities as a way to help prepare students for the workplace. Internships provide a crucial bridge between academic knowledge and the “real world.” When students are able to demonstrate their practical experience, employers are more likely to take them seriously as potential hires.
4. Professional development
There is a difference between simply working at a company and making the effort required to grow within it. Studying business gives students, particularly those who already work, the opportunity to learn skills that enhance their professional development. In addition, studying business gives students a chance to build their professional networks.
5. Financial literacy
Understanding professional and personal finance is a universally important skill. Earning a degree in business helps students increase their financial knowledge. This can help them make sound fiscal decisions for the rest of their lives.
6. Skills in leadership, management and decision-making
Strong leaders are needed in all areas of society. In government, education and business, leaders must effectively make decisions for the common good. By studying business, students can better understand the increasing responsibilities that come with positions of authority.
7. Learn strategies to start and grow a small business
There are about 28 million small businesses in the United States, according to the U.S. Small Business Administration. Together, they provide 55 percent of all jobs. In fact, small businesses have created 66 percent of all new jobs since 1970. If your dream is to join this thriving sector, majoring in business puts you on the right path.
8. Entrepreneurial skills
Starting a company is just the beginning of becoming a great business owner. Success requires knowledge of the “big picture.” With a degree in business administration, students can go from small business owners to industry leaders. The knowledge they gain with a business degree can help them stay ahead of the curve.
9. Gain an understanding of business processes and strategies
Strategic planning and implementation, market position and organizational development are just a few of the things that keep companies running. When students receive an in-depth education in the concepts that make businesses function, they gain a broader appreciation for company operations.
10. Learn the motivations of others through sales, advertising and promotion
Marketing is another crucial element to company success. According to the Bureau of Labor Statistics, advertising, promotions and marketing management jobs are expected to increase at a faster-than-average rate by 2024. Like many other skills and competencies, an understanding of marketing practices can help make students competitive in the job market and assets to their employers.
Ultimately, a degree in business administration gives students the chance to become employable, get ahead and thrive in their careers.
Your Future in Business
Students seeking advancement opportunities should begin with the right credentials. The online business administration degree from Husson University provides students with a solid foundation to further their goals. The program offers concentrations in management and marketing, ensuring students’ ability to tailor their studies to meet their unique career objectives.