Before choosing any career, one should think about its pros and cons. Choosing a career is one of the most difficult choices a person makes in his lifetime. It sets the trajectory for the rest of their life and can make or break their future.
Since likes and dislikes are ever-changing, one might find oneself not enjoying the career they were once passionate about. Therefore, it is vital to choose a profession that is marketable and relevant.
We recommend getting into the business sector. There must be a reason why it has been the most in-demand degree for many years consecutively. There are many reasons to get a degree in this sector.
We have created a list of reasons to start your business degree
- It is always in demand
The finish line for most people in college is getting a job. While nothing is a guarantee in this world, you can improve your chances of getting employed. The fact is that business management graduates are always in demand. Since management roles are present in every sector, you have a good chance of employment. Business majors have more security than other majors. With a well-reputed degree in hand, you can work anywhere in the world. Some colleges even offer placement opportunities to get you to experience working at big multinational companies.
- You can study it anywhere
Unlike other degrees, business degrees have the same curriculum everywhere in the world. Furthermore, some schools even offer an online masters degree in business administration for students who cannot attend on-campus lectures. There are no (geographic) limits to where you want to go! Which is very helpful when you have a complicated family life. You can relocate without fear of unemployment. But we advise you to focus on countries that are beginning to grow and evolve. These countries will have the most exciting opportunities available.
- Money, money, money
While money does not buy happiness, it does make the road tocontentment easier. On average, business graduates earn more than graduates from other sectors in entry-level positions. For example, a Human Resource Manager earns 44,900 Euros per annum. It’s an interesting facts that most graduates get a starting salary of 38,000 Euros per year. Indeed, Kiplinger put it at the top of their list of lucrative careers in 2019.
- Become an entrepreneur
The 21st Century is the era of entrepreneurship, and a business degree is the fastest track to a successful business. While there are many examples of successful entrepreneurs who did it without a degree, they are not the norm. There are no shortcuts in life, so you have to pay your dues to get to the top. According to data from the US census, most business owners have some college education when they begin a business. Furthermore, 23% of them had a bachelor’s degree, and 17% had a graduate degree. So, you will be in good company. And business school is the ideal place for entrepreneurs as they learn valuable business skills. According to research, 85% of business school alumni entrepreneurs found their own business. In college, you will learn the essential skills to make your company successful.
- You have many fields to choose from
The business sector is wide and varied. You canchoose to specialize in any industry or sector. You can work as an accountant or go into supply chain management. So, it is easier to find something you enjoy.
With the pandemic wreaking havoc on business models, there is no doubt that we are fast approaching a recession. According to economists, a recession will begin by the end of 2021. And with recession comes unemployment. Therefore, it is vital to make yourself recession-proof no matter which sector you choose. Fortunately, business school graduates are more likely to get employed than others. A study conducted in 2012 found that 86% of business school graduates in 2011 found employment post-recession.
- Switching jobs
There is a point in life when people become bored with things. They need a change in a monotonous existence to recharge themself. A business degree can help you make career changes when you lose motivation as business skills are more transferrable between industries. The skills you learn in business school apply to any business on any scale. So, you can work in smaller teams or larger corporations. You can also work in a management position or a senior level. It is easier to make changes compared to technical careers like engineering.
- You can retire early
Businesspersons often retire early, compared to other professions. Since this field has excellent prospects, people can put away money for retirement. So, if you are all about that retirement life, a business degree might be the right fit for you. Just remember to put away some of that money for the future to retire in your forties.
A college experience is not only about what you study, but it is also about whom you meet. Since business courses attract people from different backgrounds and cultures, you meet a very diverse group. Furthermore, there is a high chance that the people you meet in college become your business partners in the future. A college degree also gets you in touch with market leaders in different fields. You can pick their brain and learn insights from them.
- Vital skills for 2021
Nowadays, companies are looking for employees with a broad skill set. No longer are mere technical skills relevant for success. With businesses evolving, firms require people with soft and technical skills. Luckily, business schools are the best place to learn these skills. You will learn how to communicate with clients and vendors to negotiate on matters. And, business school grads learn leadership skills making them better at their job. Furthermore, in the ever-changing world of business, you must learn how to meet challenges. A college degree in business can teach you how to be flexible and adjust while delivering results.
Whether you are just starting to think about college or beginning your graduate-level education, a business degree can be a viable option for you. But do not expect it to be easy. As business degrees are one of the most sought-after degrees, there is a lot of competition in the field. However, not all degrees are equal since some are more valuable than others. With a degree in business, you will learn marketable skills and get a job in any sub-sector. As a business graduate, you can potentially earn more and retire early. Some skills taught in business school can make you more relevant to the 2021 job sector. No matter what your motivation, a degree in business can be a life-changer for you.