The Appeal of an Undergraduate Business Degree
A Business degree is one of the more popular degrees among undergraduate students. Mohammad Al Onaizi, explores the reasons behind this.
According to USA Today, business is one of the most popular majors among undergraduate students in the US. Specifically among international students however, Business and Management are the most sought after degrees, ahead of Engineering, according to the Open Doors Report (2015). We explore what makes this degree so appealing.
Variety of Specialisations and Careers
Having an inclination and interest in ‘business’ is just the first step towards pursuing a business degree. Business is a broad category that offers specilisations in many areas, which ultimately open the path towards careers in many different industries.
Some of the more popular Business specialisations include: Business Administration, which is for those interested in positions that require leadership and organizational skills. A BBA would lead to careers in managerial roles. Finance and Accounting, are the perfect match for those good with numbers, a degree in Finance would lead to career opportunities in the banking industry, and even the finance and accounting departments of big and small businesses. Marketing, is a good choice for those interested in building a brand and for those who have an interest in advertising and promoting a product or company to potential clients. Human Resource Management, as the name suggests, is for those interested in having a direct role in the recruitment and performance of employees at a company. Alternatively, if you are interested in working in a multinational corporation or business, then an International Business focus will be your best bet. Finally, one area that you could also explore is Entrepreneurship. This specilisation is for those interested in starting their own business. If you do choose to become an entrepreneur, you would be following in the footsteps of other famous entrepreneurs that include, Steve Jobs (Apple), Richard Branson (Virgin), and Mark Zuckerberg (Facebook). Each of these majors require different skills and can lead to a wide variety of career paths.
Those who are more ambitious can also go on to pursue graduate studies like a Masters in Business Administration (MBA). Earning a Bachelor’s however will equip you with all the basic knowledge of business to help you at this next level.
Increased Salary Potential
According to the National Association of Colleges and Employers, Business majors are ranked 4th overall in terms of average annual salary ($52,236). Graduates with a Business degree are also highlgy sought after by employers. According to Forbes, the number 1 degree in demand for employers is Accounting. Finance and Business Administration also rank among the top five.
Great Schools That Offer Business Degrees
There are many great business schools around the world and here are five you may want to consider.
For those interested in focusing on International Business, the Darla Moore School of Business at the University of South Carolina is a great choice. According to the US News and World Report, the school ranks as the number 1 school for International Business. In fact, it has retained the top spot for 17 consecutive years! This particular programs even offers students advanced foreign language training, as well as a semester abroad to study at some top Business schools. Both these factors will be very helpful in preparing you for a career in International Business. Another distinction the school has is that it is ranked third for “Best International Experience” by the Financial Times.
The Barney School of Business at the University of Hartford was listed among the best business schools for 2016, by Bloomberg. It offers six undergraduate business degrees in Accounting, Economics and Finance, Entrepreneurial Studies, Insurance and Finance, Management, and Marketing. The school empashises a ‘Career Ready Focus’, which means that students begin preparing for their future career during their freshman year. In addition to their required academic studies, students are required to do an internship. This helps ensure that students graduate ready to pursue their career.
The E. J. Ourso College of Business is the leading business school in Louisiana, and it provides internationally and nationally accredited programs. The undergraduate program provides specialised professional training in areas of business that include, Accounting, Finance, Marketing, and Management. For those interested in Accounting and Finance, LSU has a Center for Internal Auditing, which is considered one of the best Internal Auditing programs in the world. The program provides students with the opportunity to intern in great business cities such as New York, Atlanta, and Chicago.
The College of Business at the University of Michigan-Dearborn has been named among the ‘Best Business Schools’ by the Princeton Review, for seven years in a row. The College provides a hands-on learning experience to its students. The Bachelor of Business Administration instills skills needed for students to graduate and go on to leadership positions in private and public organisations. The College also provides its students to campus resources to enhance the students learning: The Business Experiential Learning Lab (BELL) is a high-tech classroom that simulates a real-world trading room; and the iLab is a center for research innovation that connects faculty and student researchers with businesses and organisations to better understand the impact of innovation on economic development.
The Raymond J. Harbert College of Business is ranked 31st on the list of best business schools according to the US News and World Report. The College provides 13 areas of study that include, Accounting, Information Systems Management, Human Resources Management, Marketing, and Supply Chain Management. In addition to that, the college also has research centers dedicated to different areas of business that include the Lowder Center for Family Business and Entrepreneurship, and the Small Business Development Center.