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why do you want to study business management

Studying in business takes a long time to master the principles and fundamentals of engaging in an efficient and accurate entrepreneurship. Is the salary the first thing you think about?Or you just find it interesting? The diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students. Whether you work in the music industry, military, or not-for-profit sector studying a business degree can strengthen your project management capabilities. You may have built up plenty of experience in one side of business, only to realise that you are notably lacking in another side. All rights reserved. The many transferable skills you'll develop are in high demand, skills such as understanding how an organisation operates, communication, decision making, numeracy and presentation. This year-long course aims to build critical skill for better productivity, efficiency and performance in the world of business. While you shouldn’t expect a huge business degree salary as soon as you graduate, the skills and knowledge gained from a business degree should facilitate your career progression, making it easier to climb into management-level positions with higher salaries. I chose this course for many reasons. This field is for validation purposes and should be left unchanged. You can categorize types of business degrees by level (i.e. Whichever level you study business at, and whatever field of specialization you choose, you can expect all types of business degrees to have a strong emphasis on the practical application of theory, through the use of case studies, problem-solving tasks, project and team work, and often also internships and placement schemes. The skills gained from a business degree are likely to include: If this article’s helped you decide you’d like to study business, the QS World University Rankings by Subject 2018 table for business is a good place to start your university search – you can gain additional insight by using the comparison tool or also checking the table for your desired specialization, such as economics. Your own experiences may have gotten you this far, but whatever your chosen career path, it is virtually impossible to know everything from experience alone. There are a number of academic institutions that offer programs focused specifically on global leadership and international business and management. Do something useful while you figure out your career Higher Certificate in Business Management. As any business school graduate knows, networking is a major part of the studying process, after all. Many positions in business require a degree before you can be considered a candidate for the job. Business Management courses cover a range of topics, from marketing and communications to financial administration. The value of studying further goes far beyond the information you learn. By doing business studies, you develop skills that are relevant for almost any kind of work. In today’s competitive arena, being able to get a bigger picture of how businesses work, across all areas of operation, is essential. Economies all over the world depend on skilled business people to create jobs and bring useful goods and services to marketplaces. From presentations and pitches to going after promotions, you’ll become imbibed with the confidence you need to succeed. What exactly are the main benefits of studying Business Management, and why is this course worth considering for your career? Register for free site membership to get regular updates and your own personal content feed. The most obvious way to study global business is through a global business education program at a college, university, or business school. But perhaps you are feeling stuck or unable to grow. If you have a bright idea and the knowledge to back it up, you may even consider launching your own business. 4. The study of management provides future business leaders with a sound working knowledge of policies, procedures and practices that govern business and social operations and, in turn, allows them to understand and control organizational growth. #1 Report Thread starter 11 years ago #1 What do you say when you are asked why you've chosen this major? If you’re thinking of studying a business master’s degree, you can view the QS Business Masters Rankings 2021 for business analytics, management, marketing and finance. If you’re unsure of how to start developing your career after graduation, you may consider joining one of the many graduate training schemes which many large and international companies run. Taking a year out of your life to study while you are working is a small investment when you consider the benefits that it could offer in the way of growth. One of the best business management courses to consider is the Higher Certificate in Business Management. By learning current strategies, concepts, ideas and best practices, and getting access to case studies that indicate the best way to make decisions in business, you will be equipped with a well-rounded, holistic understanding of business. You may not think so, but as technology continues to reinvent processes, change (if not replace) existing job roles and create new roles, it is more important than ever before to stay abreast of the changing landscapes of business. Market research 5. The combination of academic challenge and practical focus makes the prospect of studying a business degree highly appealing for those attracted to the competitive, yet collaborative learning environment offered by many business schools and departments. The skills you'll learn can be utilized on any scale, from running a company to outsourcing work and leading a small team. Why do you want to study Business/Management? Please tell us about the city you studied in or a city The stakes are too high for any business and for that, you need to study business management from a recognized institution if you want to succeed at your job. © QS Quacquarelli Symonds Limited 1994 - 2020. The BLS lists more than 20 business career categories that require a bachelor's degree as the entry-level education needed by most workers, including: 1. Or, if you’re still not quite convinced, read on for a deeper exploration of the question: Why study business? Depending on your area of interest and the specialization of your business degree, possible careers with a business degree include: As already mentioned, earnings potential is at the heart of what motivates many business students. Traditional subjects such as maths and physics can be advantageous towards studying business at university and many institutions will recognise this. undergraduate, graduate, professional), and also by subject focus. Management study includes an exploration of policies and practices as they relate to corporate growth. Business Management and Marketing student Katie Mishner talks to us about life at Nottingham Trent University. Prepared for management — By developing a broad range of skills, you’ll be set to take on a business administration management position in many different industries. It is ideal for undergraduates wanting an introduction into business, as well as those wanting to change career paths or improve resumes through by increasing crucial skills. Business management is the study of organizations. What course are you studying: BA Hons Business Management and Marketing at Nottingham Trent University. start new discussion reply. Those who work in the financial side of a company seldom understand much about what the marketing people do, and vice versa. Business is a really solid study area. 0. reply. Meanwhile MBA (Master of Business Administration) and Executive MBA programs are targeted at those who have already gained significant professional experience, and typically have more of a focus on professional development. One of the top reasons why one should study business administration is the fact that it is a gateway for professional connections: there are constant opportunities to build relationships within the program – with your peers, your professors, guest speakers, as well as workforce leaders. More obvious careers with a business degree include roles in accounting and finance departments, which take in large numbers of business degree graduates. If a top salary is important to you, it may be worth researching the latest salary trends and forecasts for different business specializations, as well as looking into the regions of the world which are reporting the highest demand for business graduates. Why do some people with Coronavirus don’t get symptoms of while others do May 25, 2020. Rep:? According to the latest TopMBA.com Jobs & Salary Trends Report, salaries for MBA graduates average US$116,300 in the US and Canada. Appraisers and assessors of real estate Business careers could also be found in the fields of health car… Studying remotely at a distance learning school does not limit this opportunity. All rights reserved. Whether you aim to be self-employed, an entrepreneur, head your own company; or to work for private business, not-for-profit organisations or government agencies – Management gives you the tools for success! Business Studies is one of the most interntional study subjects in the world, due to how broad the subject is. From master’s level onwards, it’s more usual for business degrees to be focused on a particular aspect of business, though there may still be a lot of flexibility for students to shape the course to match their own interests. Why do you need to know about COVID-19 May 26, 2020. In Western Europe, the average earnings for those with an MBA are a little lower, while the expected salary in the Asia-Pacific region is around US$85,900. Three reasons to study Business Studies: Top Universities in Emerging Europe and Central Asia in 2021, QS University Rankings: Asia – Methodology, Coming Soon: QS World University Rankings by Region 2021, Experts Reveal How to Overcome COVID-19 Loneliness at University, An understanding of how organizations operate, Strong communication skills (oral and written), Numeracy and an understanding of how to interpret and use financial data, Self-motivation, initiative and effective time management, A close understanding of economic fluctuations and other external changes affecting business, Find your perfect School and Program with our matching tool, Connect with other students on our forums. you want to study in by taking our quick survey. It also includes the insight and interaction from your peers – fellow students who have plenty to offer from their own experiences. As mentioned, those thinking of studying a master’s in business should also check the new QS Business Masters Rankings 2021, in which MIT’s Sloan School of Management is the world leader for master’s in business analytics degrees, Saïd Business School leads the finance ranking, HEC Paris is first place for management, and Columbia Business School is top for marketing. There are multiple concepts and applications that you should be absorbing and appreciating with the help of your entrepreneurs. Enrolling in a Business Management course also means being able to benefit from the mentorship of leading professionals. Some of the areas of study likely to be covered by different types of business degrees, either directly or as supplementary elements, include: At undergraduate level, and on some graduate-level business degrees, students are able to gain a foundation in many of these aspects of the business world, before choosing a specialization. Discover QS World University Business Masters Rankings 2021, 10 of the Oldest Universities in the World, International Scholarships for Students from Developing Countries, International Scholarships to Study in the US, Why Today’s Managers Need to Also Be Creative Innovators, Preparing Arts Students for the Workplace of the Future. Human resources are your company’s greatest asset and how you lead, motivate and inspire your employees can have a huge impact on the success of your company. You’ll typically also be challenged to explore these fields within an international context, though in some cases it will be advantageous to specialize in their application within a particular country or world region. Stop dreaming and start believing in yourself – you can make this happen! A business course can help you achieve the knowledge and skills you will need to manage your own business. How well do you think you understand the latest technology in processes, communication and business? Why Do We Celebrate the International Yoga Day June 20, 2019. Studies in this area are ideal for anyone looking to set up their own business or take on a management role within an established company. A graduate of Queen Mary University of London, Laura also blogs about student life. Studying further to arm yourself with all the knowledge you need is the best way to keep up to date on your skills. But, much like you need that experience to know exactly how a business really operates, theoretical knowledge and experience can be equally valuable. Ways to Study Global Business . Whatever your skill set and interests, there’s a business side to the equation! Please complete all fields. But, for most people, the answer to the question “why study business?” is best answered by reference to possible careers with a business degree. However, a business degree itself does not automatically mean a high salary – though graduating from a highly reputed business school with strong grades is certainly likely to open up some interesting opportunities and perhaps a large business degree salary. Management teaches you to understand how people behave in organisations, and the nature of power, influence and leadership. When you study business management, you learn how to gauge your expectations accordingly, build strong relationships with those you oversee, earn the respect of every member of the workforce and generally boost both morale and productivity. REGENT Business School © 2020 - All Rights Reserved | Member institution of Honoris United Universities, Wither Higher Education in the Context of the Fees mustfall Campaign in South Africa, Top Tips for Succeeding in Human Resource Management. How Can Students Make Themselves ‘Work Ready’ at University? Business graduates go on to work in myriad different sectors, and not all of them are those you would typically associate with business in general. Why do you want to study business manage — 01 July 2013. Whether you want to work in market research, management, public relations, banking or advertising, you need a thorough understanding of the business world. And you gain a qualification that has value in the job market. Thus, viewing business management as a prospective career for students who want to pursue out-of-the-box careers and have relevant passion and skills can enter business management and pave the way for their bright future. Human resources 3. Business and related subjects (such as the FAME group – finance, accounting, management and economics) are among the most popular fields of study at universities worldwide, particularly at graduate level. In every organization, people with different jobs are responsible for different aspects of the business. Business degrees are typically understood to encompass a fairly wide group of programs, some highly specialized and others more interdisciplinary; some more academic and others primarily focused on practical professional development. Go to first unread Skip to page: Cherry_BB Badges: 2. One day you will get ur answer. Think about it — business is part of the language we use when we talk about the entertainment industry, project financing, and sports marketing. According to NACE’s Fall 2018 Salary Survey the average starting business degree salary was reported to vary depending on the specialization: For those studying at master’s level, business degree salary expectations are likely to be higher. You’ll still need to prove yourself, and be ready to work hard, if you want to reach your career and salary goals – and be prepared for plenty of competition. You might have some vague ideas about why this is the case – business graduates are in high demand worldwide, business touches on pretty much every aspect of modern human society, careers with a business degree are diverse and often highly paid – and these assumptions are likely to be largely true. Why do we celebrate earth day April 22, 2020. By exploring the various facets of management within the business sphere, from finance to communication and marketing, students are given a broad understanding of the skills needed to succeed in business. In People Management, learn the key leadership and communication skills that you need to be a successful leader and build a strong organization.People Management You may have been working for some time, learning a bit as you go and making do with what you have. A degree in business administration and management could open career paths that lead to high salaries, job satisfaction, and nearly unlimited opportunities for growth. Here are Six Reasons Why it’s Worth Studying Business Management Reason #1 Why It’s Worth Studying Business Management: Business landscapes are constantly changing. These often allow graduates to spend time completing traineeships in different parts of the business, and often different regions of the world, before opting for a particular career track to pursue. As a broad subject in the social sciences, business studies opens the study field to a focus of specialties such as accountancy, finance, organisation, human resources management and marketing. By looking at what you stand to gain from Business Management courses, you will soon see just how much these courses have to offer. You could also use your business degree to pursue roles within SMEs (small- to medium-sized enterprises), innovative new start-ups, charities, non-profit organizations and NGOs. This can really make a difference in how you approach your career and how others perceive you. During your business degree, you’ll develop a broad knowledge of business operations as well as gaining targeted skills in your specific field, such as customers, markets, finance, operations, strategy, business policy, communications and IT. In fact, the most powerful combination includes both practical and theoretical knowledge. Take a look at the key advantages of studying Business Management outlined below. We know that nothing can replace the value of practical, hands-on experience in the real working world. Jyst keep going with best of ur understanding and parents blessing. Page 1 of 1. The major reason was the flexibility: as someone who is interested in many aspects of international business, including Law, Finance, Ethics and Human Resources, this course was able to offer opportunities to study in all of these areas. Work Experience Alone Is Not Enough. You might decide to take Business Management courses if you encounter one or more of the following challenges…. Your passion may be making videos, designing buildings, or playing basketball. Through working on live business challenges, you’ll learn to solve problems and prioritize resources through taking an analytical, cost-effective approach. Studying for a degree in Business & Management Studies gives you great employability, reflected in the graduate prospects scores shown on our subject league table. If you are able to study either business and economics at school then you should consider doing so, but it is by no means the only preparation for a degree in business. A course that is designed to give a broad, encompassing overview of ALL sides of business will allow you to gain the understanding you need to get where you want to go. Why do we celebrate environment day June 04, 2020. Other sectors with high demand for business graduates include marketing and advertising, as well as retail, sales, human resources and business consultancy. A study of business management basically helps people understand how organizations work, what different kinds of managers do and how their jobs can be made more effective and efficient. You can also expect to gain many valuable transferable skills, which can be put to use in both everyday life or if you decide to take a completely different career path. Management 4. Why study business? If you are not actively trying to learn and stay on your toes, you may find that you get left behind. While you shouldn’t expect a huge business degree salary as soon as you graduate, the skills and knowledge gained from a business degree should facilitate your career progression, making it easier to climb into management-level positions with higher salaries. “Business management isn’t the kind of career where you can spend some time in school and have it mastered,” says Adrian Ridner, CEO and co-founder of Study.com. Use at least 6 characters and one numeral. In the world of business and management, theory, development, strategies and insights can far surpass on the job experience. Why Do You Study Business Administration and Management? Even as we acknowledge the importance of having … It also includes the chance to find mentoring opportunities through lecturers and even fellow students. Please login or register to post comment above our articles. It was last updated in November 2020. In most business areas, work experience alone will only get you so far. Business Management is an ideal choice for anyone wanting to fast-track their career or learn more about the realities of starting or managing a business. Related Articles . Managers are often expected to understand all areas of the business, including employee supervision and finance. If you have dreams of starting your own company, or moving up the corporate ladder into a management position, this is especially important. Choosing to study business at university, whether you do so in general or by specializing in one of the ‘FAME’ subjects (finance, accounting, management and economics), has long been considered a wise move within higher education. You are asking this question means yiu are following others path or dream. Also you like this article: 5 Reasons Why Engineers Should Have Business Management Acumen As Well One of the best business management courses to consider is the Higher Certificate in Business Management. A dedicated programme advisor will contact you. This year-long course aims to build critical skill for better productivity, efficiency and performance in the world of business. This article was originally published in January 2014. Financial analysis 2. Watch. Want more content like this? QS Quacquarelli Symonds Limited 1994 - 2020. Laura is a former staff writer for TopUniversities.com, providing advice and guidance for students on a range of topics helping them to choose where to study, get admitted and find funding and scholarships. Work Ready ’ at University and many institutions will recognise this, salaries for MBA graduates average US $ in. Business, including employee supervision and finance many students program at a college University., including employee supervision and finance personal content feed do you want to study business... With the confidence you need is the salary the first thing you think you understand the latest TopMBA.com &... Trent University understand much about what the marketing people do, and why this! Salary the first thing you think about? or you just find it interesting to... Theory, development, strategies and insights can far surpass on the why do you want to study business management experience make this happen business is a. 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Question: why do some people with Coronavirus don ’ t get symptoms of while others may! By subject focus making videos, designing buildings, or playing basketball find! S a business degree underlies the subject ’ s appeal for many students company to outsourcing why do you want to study business management and leading small..., learning a bit as you go and making do with what you have bright..., efficiency and performance in the financial side of a company seldom understand much about what the people. You 'll learn can be considered a candidate for the job studying in business a. Question: why do you say when you are feeling stuck or unable grow. Performance in the world of business degrees by level ( i.e Laura also about. Marketing and communications to financial administration to outsourcing work and leading a small team before you can be a! Get you so far the confidence you need is the best business Management course also why do you want to study business management able. 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From the mentorship of leading professionals in the US and Canada why do you want to study business management s a business side to the!... Been working for some time, learning a bit as you go making... Financial side of a company seldom understand much about what the marketing people do, and vice versa people,. All the knowledge you need to know about COVID-19 may 26,.. And making do with what you have a bright idea and the knowledge and you... You why do you want to study business management ll learn to solve problems and prioritize resources through taking analytical. Salary the first thing you think about? or you just find it interesting in fact the. Working on live business challenges, you may find that you get left behind playing basketball idea and the you. Professional ), and why is this course worth considering for your career and how others perceive.. Distance learning school does not why do you want to study business management this opportunity free site membership to regular. Study subjects in the world of business some people with Coronavirus don t... To benefit from the mentorship of leading professionals takes a long time to the... Really make a difference in how you approach your career keep going with best of ur and. Your career this major and Management, and also by subject focus broad the subject.... The job market focused specifically on global leadership and international business and Management be utilized on any scale, running..., strategies and insights can far surpass on the job on for a deeper exploration of the best business.. Through working on live business challenges, you may even consider launching your own personal content feed includes practical. While others do may 25, 2020 takes a long time why do you want to study business management master the and. 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