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Choosing the Right Business Degree for Your Career Goals

Choosing the Right Business Degree for Your Career Goals
The Siliconreview
14 May, 2020

A business degree will provide you with a strong foundation in the strategies, principles and theories that are essential to a successful corporate career. Choosing the right business degree for your career goals will help you to find rewarding positions in your field and offer you a return on the investment that you make in your education. If you have goals for a career in business, there are several different options to choose from when it comes to getting your degree. Here’s how to choose the best business degree for your desired field of work.

Business Administration

This is a well-rounded undergraduate business degree that will help you master the fundamentals of business, gain a better understanding of how businesses operate, develop organisational strategies and learn how businesses plan for industry changes. A degree in business administration also helps you to develop many of the essential decision-making, critical thinking, and analytical skills that are needed for working in administration or management successfully. You can use University Compare to explore the different business administration degree courses offered in the UK and check out job profiles to see what graduates have been doing since. University Compare is an educational comparison site where you can get more information on any university, its facilities, and the courses on offer.

Accounting

If numbers are more your thing, a degree in accounting will enable you to learn how to analyse financial statements, prepare financial documents for both internal and external use, and manage the financial side of business operations. Studying for this degree comes with a wide range of career opportunities; you could work for an accounting firm, as an accountant for a business, or even work as a freelance accountant with a range of different clients. You might also want to consider getting a master’s in accounting to go on to learn more advanced concepts, such as managerial accounting, financial reporting, and legal accounting issues.

Entrepreneurship

Business and entrepreneurship is an ideal choice for anybody with a career goal of starting their own company someday. While there are no official educational requirements to become an entrepreneur, studying it at university can certainly help you become a more successful business owner as it provides you with the essential foundations to make the best decisions for your company. You can often choose to specialise in a certain area of business, such as management, finance, or marketing, and your classes will enable you to learn essential skills such as project management, risk assessment, and effective decision-making in terms of how they all relate to an organisation. Many universities that offer this course will also include the option of getting real-world experience through a placement year or internship programme.

Finance

Studying finance is a combination of the basics of accounting, business principles, economics, and project management. You can often select modules from a range of choices, giving you the opportunity to become more of an expert in topics such as statistics, business law, organisational change or business strategy. You might also want to go on to study a master’s in finance and acquire further skills in valuation, financial theory, quantitative finance and other important topics. A finance degree opens up many opportunities. You might work as a financial analyst who specialises in researching mergers and acquisitions, or you could work as a financial planner, where your tasks will include advising your clients on investments and financial management.

Human Resources

The human resource department is a crucial one for any business. A bachelor’s degree in human resource management allows you to learn how to recruit and retain top talent, navigate national workplace regulations, and train and motivate employees. Typically, graduates with a human resources degree will start their career as a human resources specialist who interviews job applicants, hires suitable candidates, and manages benefits for employees. With some years of experience behind you, you might be able to move up into a role as a human resources manager, where your tasks will involve assessing and planning the needs of the workforce, overseeing employee benefits, and managing the interviewing and recruitment processes.

Marketing

Finally, studying a marketing degree allows you to get to grips with the basics of financing advertising and researching consumer behaviour. A degree in marketing is often much more suited to creative people compared to other business degree options. As part of your studies, you might spend time practising creating advertising campaigns, pitching content ideas, coming up with new ways to improve audience engagement and increasing brand loyalty through social media and various other channels. A bachelor’s in marketing offers many career paths in a wide range of industries, and going on to get your master’s in marketing enables you to further develop your skills and become an expert in areas like global marketing and marketing technology.

If you’re looking for a lucrative career in business, there are many degree options to choose from.