An undergraduate business degree can give you knowledge and skills in a variety of areas that prepare you for the workforce. A business major does not simply provide students with a generalized idea of how the business world works, but also prepares them to enter an organization with the ability to improve it. When earning an undergraduate business degree, students can focus on a specific concentration that aligns with their interests and goals for the future.
According to the Bureau of Labor Statistics, the median annual salary for an accountant is about $65,000, and most people enter the profession with a bachelor’s degree. The occupation is forecasted to grow faster than average until 2024. As long as they have financial records to manage, companies will always need accountants. Accountants prepare and analyze financial records to maintain accuracy. They can help organizations pay taxes and operate efficiently. Students who major in accounting will learn about budgeting, taxation, auditing and financial analysis.
A major in business administration can be tailored to your interests. Courses may include work in economics, marketing, leadership and management. Students who earn an undergraduate degree in business administration can seek jobs as managers, administrators and department heads. Business administrators must be able to analyze data, lead and manage people, identify problems and come up with solutions. After entering the workforce, a business administration major can move toward a more specific department within a company or go on to obtain a master’s degree in business administration.
Entrepreneurship is crucial to the country’s economic growth. An entrepreneurship degree prepares students to launch their own business ventures. Although many people start their own businesses without any formal education, an entrepreneurship degree provides basic business knowledge and goes into detail about strategies like marketing, finance and operations management. About Education reports that even if they don’t start their own companies, people who graduate with an entrepreneurship degree may also go on to work as analysts, business managers, corporate recruiters or human resources managers.
A marketing degree teaches students the principles and psychology behind attracting and retaining customers. Marketing majors learn how to clarify a company’s target market and come up with strategies for magnetizing potential clients. They will also focus on analyzing data in order to evaluate whether marketing strategies are successful and effective. With a bachelor’s degree in marketing, you can go on to work in public relations, advertising, brand management or public research. The Bureau of Labor Statistics reported that advertising, promotions and marketing managers brought in a median salary of more than $123,000 in 2014.
Students who are interested in recruiting, hiring and managing employees can specialize in human resources. Although a certification is not required to work in the field, majoring in human resources can provide students with more interpersonal experience than other undergraduate business concentrations. People who work in human resources are responsible for securing a competent workforce and helping to maintain morale. Human resources employees must also have strong analytical skills and attention to detail because they are often responsible for managing employee pay and performance.
A business major is practical because every company depends on similar business methodologies and principles in order to succeed. Students who graduate with a business degree can start their own businesses or work in a variety of positions at any organization.