Students pursuing a degree in Business have a variety of options for employment when entering the work force after graduation. While the private sector has plenty to offer, opting for a government job has the benefit of job security in an unsure market and often government positions offer competitive pay in comparison to private sector jobs. Since a Business Degree covers a broad spectrum of fields, students who graduate with a Business Degree often have a wide variety of skills to offer, providing them a range of options for government work.
The answer to “What can I do with an MBA Business Masters Degree?” is fairly simple, as with an MBA, you can not only increase your income, but obtain promotions or a position in a career you have always dreamed of having. An MBA opens many doors and offers considerable possibilities for career enhancement that are not available to those who do not hold an MBA.
Increased Earning Potential
Many people dream of one day owning their own business. They believe they have the intelligence, moxie, drive and social skills needed to run all aspects of a successful start-up. But what may make the decision to jump into the entrepreneurial pool harder is the issue of the college degree, as in “do you need a business degree to run your own business?”
According to the Princeton Review, Business Administration is the most popular college major in the United States. Schools such as the University of Tampa and Baylor University even offer degree programs that specifically focus on the issues of entrepreneurship. On the surface, it seems as if a business degree is the major key to becoming a successful entrepreneur.
There are many roles to a successful career as an entrepreneur. In fact, several successful business men and women have never even received a college degree; they simply had a brilliant idea that they were able to follow through on. However, those who would like to get a solid educational foundation to inform their success have a few good options. This leaves many students wondering, what’s the best degree for becoming an entrepreneur? Here are some of the best degrees to pursue before starting an entrepreneurial path.
A business degree is the obvious choice for most entrepreneurs. A business degree deals with many aspects of being an entrepreneur. It teaches the student how to communicate effectively, how to see and provide for needs in the market, and how to find and pursue opportunities. Business degree programs touch on aspects of finance, psychology, and other relevant fields. While a business bachelor’s degree can be somewhat vague on each topic, an MBA forces students to delve deeply into the issues and develop their skill set. Many people are dead set on choosing a business degree or MBA before becoming an entrepreneur because it gives such a well-rounded preparation. However, those who want to learn more deeply about a single side of entrepreneurship might choose a different degree program, such as the ones below.
A marketing degree or another creative degree could definitely be helpful for a budding entrepreneur. Since so much of becoming successful as an entrepreneur depends on the way you present yourself, creative students have a leg up on the competition. Entrepreneurs with marketing degrees are able to promote their products and services more effectively, and they will gain more attention from the start than some of their other cohorts. Since there are so many budding entrepreneurs these days, there are plenty of good ideas that go unnoticed. When marketing or arts students package their ideas effectively, they are able to gain recognition quickly.
A big part of becoming a successful entrepreneur is understanding people. For this reason, a psychology degree could come in handy for a hopeful entrepreneur. An entrepreneur encounters many people each day, including clients, potential partners, employees, and others that he or she must work with. An entrepreneur needs to be persuasive and comvince others to follow his or her ideas. An entrepreneur must also win people over; the path to success is much shorter when others are looking after you and actively trying to help you. For this reason, psychology degrees can be helpful. Courses in decision making, personality psychology, and business or industrial psychology may be particularly helpful. You may especially want to choose a degree program in industrial/organizational psychology; this field offers entrepreneurs a good amount of insight into how to run and organize an effective business model with all of the human complications that occur.
Money is obviously an important part of an entrepreneur’s life. There is no one to account for an entrepreneur’s financial success except for himself or herself. When an entrepreneur is savvy about managing the finances of a project, cutting corners where necessary, and expanding the budget in areas that have proved profitable, the business can go much further. For this reason, those who are great at analyzing numbers and patterns are successful entrepreneurs. A degree in finance can help you master this aspect of running a project. While this degree may miss some of the other important aspects of becoming an entrepreneur, it certainly gives you a solid background in handling one of the more notoriously tricky aspects of creating entrepreneurial success.
A degree in communications is an excellent choice for an entrepreneur. The nature of this work demands that you communicate effectively with people from all walks of life. Since you will be the one coming up with the big ideas, you won’t be able to convey these effectively to others unless you have the necessary aptitude for communication. Getting others on the same page as you will be key in making sure your project develops in the direction that you want it to go. Specific skills that you may gain in a communications degree program include public speaking, negotiation, reconciling miscommunications, and the effective use of various communication platforms including social media.
With an ever increasing reliance on computers to get our work done, an entrepreneur with an IT degree will be ahead of the game. Many of the most profitable and successful new business ideas revolve around the technology industry, so an individual with a strong background in computing and IT will have an advantage in coming up with useful new services and products. There are plenty of internet tools and technologies that can make the life of an entrepreneur easier, from social networking platforms to accounting software. An entrepreneur with a strong IT background can best take advantage of these technologies to make life easier. Aside from this, an IT degree is one of the most solid degrees to fall back on in case an entrepreneurial idea doesn’t work out.
There is no right answer when it comes to choosing a degree for entrepreneurial work. Aspects of many disciplines are helpful to entrepreneurs, and the variety of the work is specifically what appeals to many aspiring entrepreneurs. The choices of degrees above will allow you to develop on the path to becoming an entrepreneur, but they are by no means the only solutions. For more examples of how to apply various degrees to an entrepreneurial role, visit the following site: http://teach.ceoblognation.com/2013/01/31/best-degrees-for-entrepreneurs-answers/
Once upon a time, a graduate from a Master’s of Business Administration program could write an employment ticket anywhere. Times have changed. MBA programs have exploded in enrollment to such a degree that graduates might think the degree has lost some of its professional cachet. More likely, however, the facts of the 21st century economy are forcing companies to consolidate, downsize and impose myriad efficiencies that eliminate jobs altogether. As the overall pool of available positions continues to shrink, MBA holders must be that much more resourceful and assertive when applying for jobs. Without these qualities, they will have difficulty distinguishing themselves from the growing competition.
The United States is indisputably focused on the purposes and benefits of businesses within the grand scheme of the economy. Even with the economic hardships, the U.S. is one of the strongest economies in the world. This is a trend that doesn’t appear to be abandoning us soon. Businesses and the individuals who maintain them are some of the most valued individuals in the entire nation. They are ubiquitously recognized as the gears that allow the economic machine to churn. These individuals, from the accounting managers to the entrepreneurs, are invaluable to the United State’s well-being.
It should come as no surprise then that a study by the National Center for Education Statistics has released that business majors are amongst the most popular in college. In fact, in the 2009-2010 school year, the vast majority of people pursued business majors. Business majors aren’t limited to a specific field and are often taught the skills to run their own enterprises or be valuable members of a business team. It has proven to be a practical degree that offers a number of different possible career choices. Each of the top careers offers its own unique benefits. From average salaries to highest potential income possible, these careers offer the best for prospective business majors.
Business administration is a broad type of college degree, whereby students who pursue business administration have the option of choosing a concentration from a wide variety majors. The differences in degree majors typically correspond to the industries and careers that students pursue upon obtaining their degrees. Most business administration students pursue a bachelor’s degree before entering the workforce in their specific specialties, while others continue to advance their education and pursue master’s degrees in business administration. The salary level for business degree graduates, in general corresponds to their levels of education in the field of business as well as the differences in the individuals’ work experience in different job industries. According to Simply Hired, the average salary for business administration jobs is currently $59,000.
Employers adjust the compensation of business degree graduates based upon the job description and level of autonomy that is unique to each job. The average salaries for different jobs may include the base pay and benefits. However, the actual salaries for various types of jobs will vary based upon the amount of overtime pay for each individual in addition to bonus payments and profit sharing.