Should I Study Business?
Getting a business degree is a step toward a diverse and engaging world of life-long employment. Whether you’re interested in technology, human resources, management, product and supply chains, information systems, or marketing, there is a degree or specialization to match nearly every interest you might have for work in the world of business.
The field of business is vast, but College Choice’s rankings and guides are designed to help you find the right schools that match your schedule, finances, and educational and professional goals. Whether you’re looking for a comprehensive guide to what it means to get a degree in accounting or trying to understand the nuances of business school rankings, College Choice’s tools provide you with insight and guidance so you can feel empowered as you make important decisions about your academic career.
What Kind of Business Degree Should I Get?
Students looking to enter the business world often do so through obtaining a degree, a B.B.A., or Bachelors in Business Administration. This four-year degree, which is found at nearly every school in the United States, is earned in one or more areas of concentration. At College Choice, we’ve ranked the Best Undergrad Business Schools and The Best Business Schools in the World so you can conveniently search for the colleges and universities that are right for you.
In business school, students engage in core curriculum related to accounting, law and ethics, financial management, information systems, human resource management, operations management, marketing, statistics, and business strategies. Within these subjects, and fields for specialization, students getting a Bachelor’s degree are engaged in broad study of particular areas.
To more deeply engage in the study of business, many students choose to get an M.B.A., or Master’s in Business Administration, where they work in developing their areas of specialization with the goals of increasing income and professional marketability, as well as optimizing. If you’re interested For the College Choice rankings to The Best MBA Programs, The Best Online MBA Programs, and The Cheapest Online MBA Programs.
With so many options for thriving and challenging careers, the business world can seem a bit unruly. Alongside our rankings guides like The Best Master’s in International Business and The Best Online Master’s in International Business, we’d like to offer up this brief list of possible careers, along with some salary information and job description. When it comes to the world of business, you have some dynamic and diverse vocational choices to make.
Administration and Management
Average Salary: $94,000 annually
As an Administrator or Manager of a business, you’re in charge of making sure that services, records, and facilities run efficiently as companies adapt to changes in markets, clients, and scale. In this role, you plan, direct, and coordinate administrative functions and processes, from the practicality of mail and custodial operations to the aggregation of interdepartmental communication concerning strategy and business decisions. This jack-of-all trades position demands attention to details and interpersonal communication skills.
MBA and Management Rankings
Average Salary: $61,690 annually
If you have an interest in shaping public opinions about a company, creating advertisements that encapsulate a company’s vision or mission, or if you like helping companies grow through customer engagements with products, goods, and service, then Marketing might be a good fit for you. Individuals working in marketing pay special attention to how a company is represented to the public through the selling and soliciting of media, such as publications, signage, TV/radio spots, and Internet interactives. The Bureau of Labor and Statistics has this area at a faster than average growth rate at 9% by 2024. 1
Average Salary: $75,280 annually
If you like working with numbers more than the public, then perhaps a focus in Accounting is what you need to advance your career. Accountants are vital to thriving business because they examine, analyze, interpret, and manage financial information for individuals, departments, and companies. For a full examination of getting into the Accounting profession, take a look at our The Complete Guide to Accounting Degrees. There are myriad positions and certifications to choose from, each with its own special focus. At College Choice, we have compiled some pretty comprehensive lists concerning the field of accounting, including The Best Bachelor’s in Accounting and The Best Master’s in Accounting. And if your tethered to your region for one reason or another, we also have guides for The Best Online Bachelor’s in Accounting and The Best Online Master’s in Accounting.
Computer Systems Management
Average Salary: $141,000
In a digital world, a company’s success or failure is often determined by its ability to adapt to technology trends early and comprehensively. As a Computer Systems Manager, you guide a company’s technological choices—from coordinating electronic data processing to IT services and security, and system analysis to computer programming.
Management Information Systems Rankings
Average Salary: $134,300 annually
As a Financial Manager, which is an advanced position in the generalized finance category, you’re in charge of coordinating a company’s financial assets, including insurance, securities, liquid capital, and loans. In this position, you plan and direct the future of a company by making sound financial decisions that contribute positively to the company’s bottom line and ensure that companies minimize risky business ventures as they make money. At College Choice, we have two complete lists concerning this necessary field: The Best Bachelor’s in Finance and The Best Online Bachelor’s in Finance. Related to this field, we also offer rankings for The Best Bachelor’s in Economics and The Best Master’s in Economics.
Finance and Economics Rankings
Human Resources and Management
Average Salary: $104,440 annually
As the go-between for managers and employees, Human Resources is the place to for interpersonal communicators with an interest in helping people manage their professional lives in the workplace. As a human resources manager, you’re in charge of coordinating administrative functions within an organization. Human resources managers often oversee recruiting, interviewing, and placing new staff as well as work with senior members of an organization to shape the company’s future. The Bureau of Labor and Statistics has this area at a faster than average growth rate at 9% by 2024. 2 At College Choice, we offer comprehensive rankings on The Best Online Bachelor’s Programs in Human Resources and The Best Online Master’s in Human Resources.
Human Resources Rankings
Average Salary: $119,460 annually
As an Operations Manager, you work to help public and private sector organizations create policies, oversee information processing, manage operations and HR entities, and direct personnel, purchasing, and administrative services. Managers at this level often have diverse oversight responsibilities and control many teams of employees. At College Choice, we offer comprehensive rankings lists related to several management fields, like The Cheapest MBA Programs in Supply Chain Management, The Best Bachelor’s in Management Information Systems, and The Best Master’s in Management Information Systems.
Average Salary: $56,770 annually
If you like working with the public and creating and maintaining a positive image for a corporation, then Public Relations is a good career choice. With a variety of skills required for success, such as creative and critical thinking as well as careful attention to strategy, you will design and coordinate media releases, work directly with the press, and work to increase positive visibility for a company. The Bureau of Labor and Statistics has this area at an “as fast as average” growth rate at 6% by 2024. 3
Securities, Commodities, and Real Estate
Average Salary: $71,550 annually
With asset development in mind, corporate real estate agents and brokers act as security and commodity mediators, helping businesses make decisions about property and land as well as other large-scale acquisitions that contribute to the value of a corporate entity. The Bureau of Labor and Statistics has this area at a faster than average growth rate at 10% by 2024. 4
What Are the Best Business Specializations?
One of the exciting things about business as a discipline of study is its resistance to remain static. The business world is known for being fast-paced and adaptive, which means that there are regular developments within traditional specializations and new fields all together. Just as developments in the ways people receive their education (see our rankings for The Best Online Business Schools), business-related fields often evolve with new technologies, rather than techniques, and are often rich with rewards, both for financial and professional satisfaction. Two areas have yielded the attention of large corporations as areas of growth: Analytics and Entrepreneurship.
Analytics: Big Data’s Big Return
Using a mix of data and valuable information culled from internet searches and websites, Data Analysts “use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions.” 5 But there’s even more to this job as a Business Analyst, where an expert implements advanced strategies for reviewing gathered information and prepares that information for analytical implementation, testing the data through the creation of strategic business models, which allows companies to understand their customer base and implement quality management techniques to reach that base. 6 If you’re interested, take a look at the BLS “Working with Big Data” career outlook report.
Entrepreneurship: A Non-traditional Business Career Path
The growing tech industry has encouraged all kinds of unique and interesting business options for self-starters and forward-thinking risk-takers. Perhaps more than ever before, entrepreneurial ventures are at an all-time high, stabilizing the U.S. economy and generating jobs at a substantial rate. According to The Bureau of Labor Statistics, there is compelling evidence that “…small businesses are typically the entry point for entrepreneurs as they develop ideas and build a customer base before deciding whether to expand,” which has led to an employment increase. 7
These progressive avenues of the business world are often matched by the world of business education, which provide students with opportunities toward gaining a relevant degree in unique ways, like fully online or hybrid degrees.
Should I Get an Online Business Degree?
Largely, the stigmas between online learning and onsite have gone away; generally speaking, academics and university administrators have praised the benefits of online education as an invaluable tool for instruction in a wired world. As distance education programs have developed over the past fifteen years, both pedagogical approaches and technologies have improved distance learning exponentially.
It is helpful to think of the dissimilarity between distance learning and onsite education not in terms of qualifications like “good” or “bad” but rather in terms of different avenues of education delivery, both with their strengths and weaknesses, especially where students’ learning styles, financial resources, and accountability preferences are concerned.
Online programs provide students with flexibility through synchronous and asynchronous classwork that leverages the cutting-edge of digital learning technology. No longer are you limited by geography—you can work in Middle America and receive a top MBA from one of many great schools on either coast. For example, College Choice ranks The Best Online MBA Programs and The Cheapest Online MBA Programs. We also have more specialized lists like The Best Online Bachelor’s in Management Information Systems and The Best Online Master’s in Management Information Systems.
As well as convenient, online degrees are often much less expensive than on-site degree programs. However, savvy online students understand the dangers of accepting the sticker price for an online degree at first blush, as there are often unwritten costs to the price of tuition, such as technology fees to pay for online learning systems like Moodle or Blackboard. That said, we’ve compiled some extensive lists helping you understand the least expensive online schools, like The Cheapest Online Bachelor’s in Human Resources, The Cheapest Online Master’s in Human Resources, The Cheapest Online Bachelor’s in Accounting, The Cheapest Online Master’s in Accounting, and The Cheapest Online Business Schools.
At College Choice, we’re committed to educating you about the world of education, and whether you’re looking for information about the costs of school, the ways in which rankings are determined, or the best way forward for your interests, we’re here to help, guide, and match you with the best opportunities to begin you future career. Stick with us for more helpful resources.