A business administration undergraduate degree or MBA degree is a popular choice among many people. Majors in business, such as accounting, finance, management, and human resource management, are believed to provide you with skill sets in the related fields. In addition, business administration degrees offer you theoretical understanding of, marketing and management concepts, the foundation of business, and other business-related topics. However, theoretical knowledge alone is insufficient to succeed in business; practical expertise is also needed. Obtaining a business degree could facilitate employment. However, Employers frequently look for experience when employing recent graduates in business.
In addition, an ideal future for prospective business graduates is ensured by factors such as university ranking, networking skills and opportunities, professional and personal abilities, etc. On the other hand, in the internet age, you can study the fundamentals of business online. A lot of potential students are also confused about whether or not to pursue a business degree due to the rise of artificial intelligence and growing costs associated with education.
In this article we are going to discuss the potential for business degree in future:
My Story
Personally, I was successful in my online business career and freelancing before I even attended college. I still decided to major in business. And contrary to what most people believe that business degree is becoming worthless in modern time, I found out that you can excel in your professional career with the support of your degree if you have the correct mindset and the capacity for self-learning.
Why is Business degree worth it?
Many internet influencers are telling people that degree isn’t that much useful. This may be true for some elite people on earth like Steve Jobs, and Mark Zuckerberg, who had specialized talents even before they enrolled in college. It is worth considering how a degree may help general population for more job opportunities, career enhancement, increased networking abilities.
More opportunity to learn, and gather experience
In a University, you will get chance to learn more about business related knowledge. A university also offers various seminar, and career fair where you will get to grow your network with various companies, big people, employers, and you will get a chance to showcase your abilities and skill.
More opportunity for self-learning
Apart from study, you can also dedicate time in learning extracurricular skills, and build more interpersonal skills. Coursework alone won’t give you much benefit, if you don’t give separate time for your own improvement in personal and professional level.
You can also get part time jobs where you will learn and gather experience, or learn a digital skill which pays. In these steps, not only you are completing your coursework, you are also strengthening your resume for job or business opportunity.
More job opportunities
“According to U.S bureau of labor statistics, A bachelor’s degree is often required for most business and financial positions.” [1] It further states that in May 2021, the average annual wage for business and finance professionals was $76,570. During the same time period, the median salary for all jobs was just $45,760.
It indicates that a business degree still commands a high salary. You can also secure promotion, better future prospects, and be that elite level employee like Google CEO Sundar Pichai, if you get the most out of your degree.
My advice to get the most out of your degree:
It should be noted that coursework is intended to assist you understand more about theoretical concepts. Also, all of the career fair and seminars are designed to help you develop your skills and network with more professionals. To get the most of your degree, apart from your study, you should prioritize self-learning and skill development.
Work on your resume from your freshmen year
You might begin an undergraduate degree or pursue an MBA. Employers are often more concerned with your skills than your degree or CGPA. So, it is important to note that you possess each of the resources necessary to improve your overall skills. You can plan your resume from the beginning of your degree. Continue reading to find out how to build your resume.
Invest time in extra-curricular skills
In an occupation, the more you contribute to your company or organization, the more opportunities you have for advancement, promotion, and potential for investment opportunity. You can learn a variety of digital skills from the internet, including digital marketing, programming, and data analytics. You can find a part-time job that will help you gain experience or expertise.
Expand your network.
While studying, you should focus on expanding your network with professionals, high-level people, and qualified individuals. LinkedIn is an excellent platform for showcasing your experience and abilities, as well as connecting with new people. Also, make sure to attend all of your university’s career fairs and seminars. You can gain valuable information and assistance from these connections.
Grow more interpersonal skills
Employees must have interpersonal skills like leadership, communication, and emotional intelligence. Employees who receive promotions have a wide range of skills and habits that qualify them for advancement. You must ensure that you have all of these skill sets ready before beginning your employment or career journey.
Work part time beside study
Practical experience is required for business-related positions. You could work part-time to improve your practical knowledge and management skills. As previously stated, learning digital skills will help you find a relevant job and increase your qualifications. It will also improve your job prospects.
Invest-time in personal development
Personal development will help you become a better version of yourself. It will address your weakness, allowing you to take steps to eliminate it. You can also develop the high-quality habits required to achieve greater success and make better decisions. You can learn stress management techniques, improve your discipline, continue learning, and so on. This will help you grow. It will also help your professional career.
Focus on your coursework
Last but not least, your coursework will teach you the fundamentals of business, finance, accounting, HRM, and management. Having theoretical knowledge will help you in your practical field.
Conclusion:
A business degree, either undergraduate or MBA, will allow you to learn and gain more experience. Also assisting you in expanding your network and finding more job opportunities. Many employees, including Google CEO Sundar Pichai, began as employees before being promoted to become one of the highest-paid CEOs.
If you can fully utilize your degree, you will have a better chance of advancing in your career. When you enroll in college, you should begin planning your career path. You should develop your professional and interpersonal skills. You must reach out to more professionals. In this way, you increase your chances of career success. You can be that elite level employee if you follow these steps to maximize the value of your degree. Good Luck!
Bibliography
| [1] | “Occupational projections and worker characteristics,” [Online]. Available: https://www.bls.gov/emp/tables/occupational-projections-and-characteristics.htm. |
