Business is one of the most popular majors for college students across the United States. Most colleges and universities will have a business school or business programs to offer. Just because it is popular does not make it good. Why is a business major good?
A business major is unique because there are a bunch of different concentrations. Students can choose between accounting, finance, marketing, business analytics, and various other business majors. Each concentration of business offers something different. In the end, a business major will set students up for life after college and teach them valuable skills throughout their college years. Let’s take a look at the benefits of becoming a business major.
Why is a Business Major Good?
Students who major in business will learn many different skills and will pick up traits that set them up for success. The specific skills and lessons they learn will mostly depend on what concentration of business they are in. While the specific skills and lessons may vary, all business majors will enjoy the similar benefits of earning a degree in business. Check out some of the reasons to major in business below:
Broad Base of Knowledge
Students who major in business will take entry level business courses that help them build a broad base of business knowledge. Students will become familiar with basic accounting, finance, marketing, and management principals. Learning this general knowledge before getting into your upper level classes is important as it will help you succeed in those classes, but it will also make you more versatile when you are looking for jobs after graduation.
Business is a universal language. No matter what country or industry you are working in, every company or business will use some sort of business principals. Understanding the language of business and being comfortable with it will make you more successful in your career. Having a business degree listed on your resume will make you desirable to many companies and will give you a step up on the competition.
Students working towards their business degrees will earn a ton of real-world experience. Students will work on many group projects to simulate the team environment that you find in the real-world. Local businesses and companies team up with colleges and universities to create projects for students to work on throughout the semester – this is a great way to learn and help the local community. Colleges and universities usually require their business students to have an internship before graduating – another way for students to gain real-world experience.
Having a business degree will allow students to apply for job at nearly any company in any industry. If a company makes money, they are in business. Most companies will have departments for various aspects of business – finance department, accounting department, marketing department, etc. Business majors will be able to apply for positions at any company with openings and the versatility of their degree will make them more desirable versus someone who majored in something else.
Salary and Growth
Not everything is about money, but it is nice to make money and grow in your professional career. Students who go into business will find that entry level salaries are among the best when compared to other majors. Along with competitive entry level salaries, students will have an opportunity to grow within their company while learning valuable skills.
Check out our table on career outlook that outlines different business majors and the average career earnings for common jobs to get a better idea at the earning potential of someone with a business degree.
Students will have the flexibility to choose which industry they work in, what kind of company they work for, and what part of the country/world they work in (to a certain extent). Business is everywhere which allows for great flexibility.
Because of the broad base of knowledge that students receive in business school, they will have a ton of career flexibility. If someone wants to switch into a senior leadership role, they will be able to. They will have the background in business to make the switch and be successful in that role and many other roles.
Since business is such a popular major, students will meet plenty of motivated and intelligent individuals. Building a network of successful individuals and good people will help you succeed in your professional career. You will meet tons of business students through your classes, group projects, and networking events put on through your college or university.
Take advantage of every opportunity you get to meet new people – you never know when you may cross paths with that person again. Business schools also usually have great alumni networks. Alumni are always looking to hire from their Alma Mater. Talk to your professors or career center at your school to get in contact with alumni from your business school.