It is no secret that business is one of the most popular areas of study for students. Business degrees and related subjects such as finance, accounting, management and economics are traditionally chosen by those seeking versatile courses based on practical and real topics that can be applied to many careers. The choice is smart. Business graduates are in high demand nationwide and many are earning impressive salaries.
Although there are a variety of business degrees, the Bachelor of Business Administration (BBA) and the MBA (Master of Business Administration) are the most prevalent. These comprehensive degree courses offer education in a variety of subjects and are applicable to the different stages of career development. Some areas of study that make up business administration degree programs, directly or as additional subjects, include accounting, finance, entrepreneurship, marketing, law, resources human, mathematics, management, economics and more. These subjects offer flexibility and allow students to acquire a foundation in core subjects while developing skills that help ensure professional success. Business courses place a strong emphasis on practical application and real-world experience through case studies, problem solving, team development and collaboration.
One of the reasons a degree in commerce is so valuable in today 's workplace is that it can be applied to many careers. Graduates of high quality business studies programs continue to work in marketing, accounting, advertising, banking, public relations, sales, management and other roles. Many of these jobs also come with high salaries, although the specific gains depend on skill level, experience and other factors. The PayScale College salary report 2013-2014 revealed that novice professionals earn an average of $ 43,500, while the average mid-career salary is $ 71,000. Careers in finance are even more lucrative, with graduates earning $ 49,200 in entry-level positions and over $ 87,000 in mid-career positions. In addition, the TopMBA.com report on Jobs and Wage Trends reveals that MBA holders earn nearly $ 109,200 in the United States and Canada.
The return on investment for holders of a degree in commerce is also strong. According to a report from the Federal Reserve Bank of New York, large corporations have achieved a return on investment of 17% on their diplomas for more than a decade, surpassing the liberal arts, recreation and the hotel industry. l & # 39; education. Revenues improve with continuing education, which is why Poets and Quants report that more than 20% of business graduates graduate from higher education and increase their earnings by 40%.
The skills that can be acquired through the study of business administration provide extensive knowledge that can be applied to all basic business processes. In addition, students gain skills that target specific areas such as those discussed above. The "soft skills" developed during the courses are also highly transferable and help graduates become leaders with the ability to perform tasks effectively. Here are five key skill areas that make business degrees ideal for the modern job market.
Good communication is essential to the success of the company. In order to work toward the same goal, team members and leaders must be able to communicate clearly with each other. From professional responsibilities to customer expectations, the important role of oral and written communication in a company can not be overestimated. Good communication avoids misunderstandings and errors in the workplace, allowing problems to be resolved quickly with minimal friction. Communication skills also improve business processes. It is essential that the different departments are able to work together effectively to remain profitable. Successful interaction between these teams leads to the creation of successful products or services. The lines of communication must be open to provide the best possible dynamics. Finally, communication between senior management and employees creates a positive atmosphere and good morale.
<img class="aligncenter wp-image-493890 size-full" src="https://businessdigit.com/wp-content/uploads/2018/04/1524580559_102_5-areas-of-professional-skills-to-help-you-succeed.jpg" alt=" 5 Areas of Professional Skills to Help You Succeed "width =" 850 "height =" 53 "/>
No business can succeed without talented managers. To achieve the common goal of a company, a leader works to achieve the best possible result with the resources available. The modern business world is very management-oriented because intelligent organization is needed to combine work, capital and materials and create a product that will succeed in the marketplace. This skill set, developed with the help of in-company courses, allows professionals to optimize their productivity through mutual cooperation and coordination. Competent management enables a healthy organizational structure, creating and maintaining an environment that promotes greater efficiency and performance.
<img class="aligncenter wp-image-493889 size-full" src="https://businessdigit.com/wp-content/uploads/2018/04/1524580559_727_5-areas-of-professional-skills-to-help-you-succeed.jpg" alt=" 5 Areas of Professional Abilities to Help You Succeed "width =" 850 "height =" 53 "/>
The ethics, principles, and values that govern business and decisions are an important part of business success because they guide organizations and employees to conduct business processes with integrity. Small Business by Demand Media notes that "the ethical philosophy that an organization uses to do business can affect reputation, productivity, and profitability." That's why ethics courses are taught in part of the curriculum of many colleges and universities. When students develop high ethical standards, they can become good employees and eventually principled leaders. Executives and executives who demonstrate ethical work practices enhance a company's reputation with customers and the community. This, in turn, can improve business. Ethical employees who respect quality standards and do their work honestly become a valuable organizational asset.
<img class="aligncenter wp-image-493892 size-full" src="https://businessdigit.com/wp-content/uploads/2018/04/1524580559_541_5-areas-of-professional-skills-to-help-you-succeed.jpg" alt=" 5 Areas of Professional Skills to Help You Succeed "width =" 850 "height =" 53 "/>
According to a study by Indeed.com, employers are looking for new critical thinking skills more than ever before. This research found that the number of job offers doubling since 2009 has been doubled. Problem solving and critical thinking are two of the most important areas of skill for business graduates as they allow professionals to seek new perspectives. and analyze them to make the best decision. When business programs rely on critical thinking skills, they train students to succeed by looking at the world in a multidimensional way. An 2013 "Employer End-of-Year Survey" by the Graduate Management Admission Council reports that 98% of employers think business graduates need to know how to use data to make decisions. The skills necessary for critical thinking, data analysis and problem solving help companies to develop and develop new markets and products.
<img class="aligncenter wp-image-493888 size-full" src="https://businessdigit.com/wp-content/uploads/2018/04/1524580559_630_5-areas-of-professional-skills-to-help-you-succeed.jpg" alt=" 5 Areas of Professional Abilities to Help You Succeed "width =" 850 "height =" 53 "/>
This area of "specialist skills" is another important area for business studies programs, both at the undergraduate and graduate levels. Professionals in all industries rely on the economy to make short- and long-term decisions that affect the profitability of their businesses. The economy provides a complete view of a business and how it relates to both the company and the market. This allows business leaders to develop more effective strategies. In addition, in-depth knowledge of finance enables professionals to create persuasive arguments for positive change within their organization.
Administration of Business at Husson University Online
For those who are interested in quality business training that covers these and more areas of expertise, Husson University Online offers both a Bachelor of Science in Business Administration (BSBA) and an online MBA. These hands-on programs allow students to excel by working with expert faculty who have years of experience. Husson's online business programs prepare students for a variety of careers by focusing on functional areas such as marketing, finance, human resources and more. These programs also offer opportunities for specialization through BSBA concentrations in management and marketing, and MBA concentrations in health care management, organizational management, and biotechnology and innovation. Business degrees are still valuable in the job market, and students gain the skills required to succeed through Husson's experience. You can learn more about our business studies offers here.
Reissued with permission. Original here.
Photos via the University of Husson Online
More in: Sponsored