Business studies are one of the most popular degree courses at universities around the world. Now the first question that comes to the mind is why are business degrees so popular? The basic assumptions that students make are business graduates are high in demand everywhere business is at the core of all human activity in the modern world and most important one is that business graduates have great careers and are highly paid. Most of these assumptions are true and the reason behind business studies being popular among students. Studying business helps you understand different aspects of life and makes you ready for the challenges ahead. It is a not a degree course but practical training about managing.
Types of Degrees in Business
Business degrees is quite a general term and includes a wide group of courses. Some of the courses are specialised some are general some are interdisciplinary and some are focused on a particular profession. If you would want to classify the degrees based on level they would come under three categories undergraduate graduate and professional. At the undergraduate and graduate level the students get the foundation of different aspects of the business world. After having a foundation the students can go for choosing a specialisation depending on their choice and what they are good at. The specialisation is more focussed on developing a particular aspect.
The best part of the specialisations in business studies courses is the flexibility in fine tuning what interests you. So, if you have enrolled for a finance specialisation you have many options. You can learn about share markets, become a tax specialist or go about doing masters in accounts. When you have reached the masters level you can actually learn about putting the theory into practice. There are specialised degrees like Executive MBA for people who have some work experience and MBA for people who want to enter the field of jobs or business armed to the teeth. Knowing about degrees and the place you want to do it can be very crucial for you. 10 years earlier getting information was a tedious and risky job. You had to depend on second hand information as you could not check all the places personally. However with portals like schoolapply finding about a college and degree has become much easier.
What you Learn in Business Studies
Business studies are about skills to run a business. You might be running the business as an owner or an employee. All the courses focus on the aspect of managing and running a business. The subjects that you have to study are Finance Accounting Strategy Marketing and some subjects related to mathematics (Numerical techniques and Operation Research). While you study these subjects along with the case studies and workshops along with classroom teaching you will develop skills like planning decision making and analysis. If you are studying abroad you will also learn adaptability working in different cultures. This is a crucial skill for a successful career in business.
There are many universities to choose from and with the internet information is there waiting for you. The UK and the USA are two very popular destinations for international students of business studies. The core reason behind is the legacy of good Universities and the quality of education. Another reason is the well-developed economies which can help you learn the practical aspects of business. These two destinations also have world class facilities and infrastructure which draws students. However studying abroad is expensive and this aspect should be looked into before enrolling.
One of the roadblocks in getting a business studies degree abroad is the money involved. Earlier it was very difficult to get financed for the course. However times have changed with the finance sector willing to support. Educational loans have become cheaper and easy to pay. You also have the option of paying after you have completed the degree and are working. This makes it easy to pay and you can concentrate on getting into the best college rather than worrying about how to finance your study. The scenario has never been brighter for international students.
Possible Careers After Business Management Degree
The dilemma of a career is over once you have completed masters in a particular field of business studies. The courses in the universities are designed to build a career. The various career choices before you will be in varied sectors as all sectors are associated with business in one way or another. Most obvious career choices are different roles in marketing finance and accounting departments of all sectors. Other areas of career are sales advertising and consultancy. This is just the tip of the iceberg. Every business will require people to manage and students with business studies degree surely fit in these positions.
If you are not sure how to further your career after completing the degree you can consider joining a multi-national as a management trainee. The companies pick up students from campus and train them in specific fields. You will get to work with professionals whom will guide you to the right career path. Once you have completed the training period the company absorbs you and makes you responsible for the role you have been trained for. This way you can get to earn while you learn. Another path is to start your own business. You are already armed with all the theoretical knowledge you require. However it is best to start working in an SME to get practical experience before starting your own. You can join an enterprise which is similar to the idea of business you have and learn the fine points that will make your future endeavour successful.
The Importance of Skills
You will study many subjects in a business study course but do not worry about getting the most marks. The thing you need to worry about is getting the experience. The Universities abroad provide you with chances to travel explore markets and understand the business sector closely. Your focus should be on learning new skills daily. These are the skills which will matter when you step into the real world. There will be extreme competition for climbing the ladder and the skills will take you forward. Hence while you are studying focus more on relating the practical world with the theory. While doing so do not undermine theoretical knowledge as it is as important for success.