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Every year, college students across the United States choose a major and seek the degree that best aligns with their career goals. One of her most popular majors over the past decade is business.
According to the National Center for Education Statistics (NCES), between 2010-2011 and 2020-2021, U.S. universities awarded approximately 391,400 bachelor’s degrees in business fields. This accounts for nearly one-fifth of all bachelor’s degrees awarded during that period.
Although bachelor’s degrees in business are popular, there are actually many different types of business degrees available. They vary by academic level and area of concentration within the overarching field of business.
What types of business degrees are there?
bachelor’s degree in business
- Associate of Science (AS)
- Bachelor of Science (BS)
Graduate/Postgraduate degree
- Master of Science (MS)
- Master of Business Administration (MBA)
- Doctor of Philosophy (PhD)
Other educational backgrounds you may consider pursuing include business certificates and certifications offered at the undergraduate and graduate levels. These can be academic credits and often serve as a way to enhance a degree in a business specialty and expand professional opportunities.
An example of a business certificate area is:
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At the undergraduate level, an associate’s degree typically takes two years to earn, while a bachelor’s degree typically takes three to four years, assuming all prerequisites for admission to the program are met. Masu.
“The most common degree programs at the graduate level are the Master of Science program and the Master of Business Administration program,” Wallace said. “Additionally, there are doctoral programs in business… aimed at those who are research-oriented and aspire to academic or high-level research positions.”
Wallace said that while a master’s degree typically requires one to two years of full-time study, the length of time for a doctoral-level business degree can vary widely.
There are many different types of business degrees available at all levels of education, so it’s important to get the degree that’s right for you based on your interests and career goals. “Sometimes it’s not about finding the perfect degree, but rather uncovering the passion that fuels their potential,” he said. Dr. Jessica Rogers, Associate Dean of Business at SNHU. “A degree is more than just a path. It’s where curiosity meets purpose, and our role as educators is to light the way.”
With professional experience in operations management, sales management, and marketing, Rogers has empathy for her students. Since he lacked self-confidence as an undergraduate and had many competing priorities as a graduate student, Rogers said he is working to become the educator he needs to be. .
Which field is best for your business?
In addition to different levels of business degrees, there are also different areas of concentration that you can pursue in business studies.
Simmerman holds an MBA and is a CERTIFIED FINANCIAL PLANNER™. This qualification is supported by her SNHU Bachelor of Finance degree with a concentration in Financial Planning. Mr. Shimerman, who has more than 35 years of experience in the financial services, consulting and pharmaceutical industries, said students often have a wide range of options. Some are:
- finance and accounting
- information technology
- international business
- Management and human resources management
- marketing and entrepreneurship
- Operations and supply chain management
The particular concentration or specialty a student chooses can influence the level of difficulty and depth of study required, Wallace said. Additionally, she said the demand for professionals in different areas of business is constantly evolving due to factors such as:
- industry trends
- economic situation
- employer’s requirements
- global expansion
- geographical needs
“Due to the evolving business environment and emerging trends, we are seeing consistently strong demand in some regions,” Wallace said.
There are many different types of roles that make up the business world. The most important thing to consider when weighing your options is yourself.
“In a business opportunity context, the key to success is not finding the ‘best’ niche, but rather identifying the niche that resonates most deeply with your values, skills and aspirations,” Rogers said. .
You may also find yourself in a multi-disciplinary role or find your career flowing from one field to another, just as Rogers did. “Business excellence is not limited to a single path,” she said. “It’s a combination of passion, expertise and dedication.”
What are the highest paying jobs in business?
Wallace said a business graduate’s salary and success level are determined by several factors. These include:
- degree level
- geographical location
- industry
- title or title
- Years of experience
“Furthermore, salaries can fluctuate over time depending on economic conditions and market trends,” Wallace said. “Some of the business degrees with the highest earning potential also happen to be the same degrees that are in high demand.”* These include:
- Master of Business Administration*
- finance*
- Marketing and entrepreneurship*
- International business*
- supply chain management*
- Technical Management*
In fact, according to BLS statistics, there is a $229 difference in median weekly earnings for those with a master’s degree and those with a bachelor’s degree.
Beyond salary, it’s important to feel that the type of role you pursue is meaningful to you. “The value of a business administration degree is measured not only in terms of earning potential, but also in enhanced analytical acumen and the ability to form and lead impactful ventures,” says Rogers. he said.
Which business degree is best for me?
Each student’s path and career aspirations are different, and there are many things to consider when deciding which business field is best for you, Shimerman said. These include:
- Are you currently working in business and looking to advance in your field or move to another field?
- Are you just starting your academic journey?
- What is your career goal?
- What degree is most likely to help you advance in your field?
- What are you interested in?
If you’re thinking about getting a business degree and trying to decide what level of degree and field of study is best for you, Shimerman said these are important considerations.
Choosing the right business degree can have a big impact on your career trajectory, says Wallace.
“This decision should consider what best complements the student’s goals. Some of the most successful people in any industry are able to align their career goals with their passions and interests. ” she said.
Other factors to consider when deciding on a business degree include:
Is a business degree worth it?
Wallace said earning a degree in business administration can open up unique career opportunities across a wide range of industries. Additionally, she said the knowledge and skills gained in her business degree program are transferable to many other professions.
“Many employers value and prefer employees who invest in their own professional development and are skilled in analytical, problem-solving and critical thinking skills,” she said.
Shimmerman said a business degree is a path that can lead to high-paying careers in fields such as finance, accounting, marketing and human resources*. He added that it’s important no matter what career goals you have in the business world. Understanding the most effective educational pathways needed to get there.
“Many entry-level positions may require a bachelor’s degree,” Shimmerman said. “Even if it’s not required, it can help differentiate students from other candidates. A master’s degree can be beneficial in advancing to more senior-level positions.”
According to the BLS, employment in business and finance occupations is expected to grow faster than the average for all other occupations from 2022 to 2032, with an average of approximately 911,400 job openings expected each year. *.
Wallace said the diversity of career opportunities is one of the most empowering aspects of pursuing a business degree.
“The diverse skill set gained through a business administration degree allows graduates to adapt to a variety of industries and roles and explore a wide range of career options in a variety of industries,” she said. “Graduates with a major in marketing can explore careers in areas such as advertising, market research, brand management and digital marketing, for example.”
Combined with years of experience and a proven track record of success in the field, a business administration degree prepares you for leadership at the highest level.
“Additionally, many business professionals advance to leadership positions such as CEO, CFO, and management while gaining experience and expertise in their chosen field,” she said.
The bottom line is that if you decide to pursue a business degree, you’ll ultimately get more than just a diploma. “(A business degree) is an investment in decision-making skills, strategic thinking, and the versatility to navigate the ever-evolving commercial landscape,” Rogers said.
*Employment growth projections quoted may not reflect local and/or short-term economic and employment conditions and do not guarantee actual employment growth. Actual salary and/or earning potential may be the result of a combination of factors including, but not limited to, years of experience, industry of employment, geographic location, worker skills, etc.
Cary Jordan is an Iowa-based writer with more than 20 years of experience writing and editing on a wide range of issues related to higher education. Cary has held administrative and cabinet-level positions at several universities, and her books cover topics relevant to undergraduate as well as graduate education in fields such as business, law, medicine, and engineering. It also extends.
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