Business and related FAME disciplines (finance, accounting, management, and economics) are among the most popular subjects at universities around the world, especially at the graduate level.
Despite the fact that many successful people are known to have given up going to university at one time, these days there are real reasons for students to get a quality higher business education. And here are some of them: graduates with business degrees are in demand all over the world, business disciplines are connected to virtually every aspect of modern society, and graduates with business degrees traditionally have a wide range of high-paying career options.
Want to know what it’s like to study business and FAME disciplines abroad? Here’s a look at why a business education can be not only challenging but also very interesting!
Variety of Business Degrees
Academic business education traditionally brings together a wide range of degree programs, some of which are highly specialized, while others are multidisciplinary. Additionally, programs may focus primarily on theoretical academic preparation or on the practical preparation of students for professional work.
Business programs can be categorized by their academic level (bachelor’s, master’s, etc.) or specialization. For example, a student may major in business, management, marketing, economics, finance, tourism, sports management, and a variety of other subjects.
At the undergraduate level, as well as in some graduate programs, students can get a background in different aspects of the modern business before choosing a major. At the graduate level, students usually choose a narrower business focus and are given the opportunity to design a curriculum that best meets their needs. At the same time, MBA and EMBA programs are designed for students who have already gained some professional experience and often focus on professional development.
Whichever level of study and specialization students choose, they should be aware that business programs typically focus on the active application of theoretical knowledge into practice. These programs include project work, assignments to solve various business problems, teamwork, internships, and practical experience options. As such, law essays help is a great way for law students to develop their writing skills and gain the necessary experience in law-specific areas.
Careers for Business Education Holders
Most students choose to study business due to the last career opportunities available after graduation.
Holders of business degrees are employed in a wide variety of industries, many of which, at first glance, are not even particularly associated with the business. Among the classic career options for graduates with business degrees are jobs in accounting or finance. Employers in these fields hire a significant percentage of business graduates. In addition, many graduates work in advertising and marketing, sales, real estate, human resources, management, and business consulting.
A business education also gives students enough knowledge and skills to work in private businesses, innovative start-ups, and in charitable and nonprofit organizations.
Salaries for Business Professionals
As we have noted, it is career prospects and salary levels that are the most important motivators for students to choose a business education.
Of course, students should not expect a very high income right after graduation. But the knowledge and skills acquired in a business program are conducive to career advancement and taking on senior management positions with correspondingly high salaries.
According to the 2018 NACE Salary Survey, the highest starting salaries are observed for graduates with business degrees in international business, information systems management, and finance. They average about $50,000 a year overseas.
Salaries for graduates with master’s degrees are much higher. According to the latest Jobs & Salary Trends 2018 report, the average salary for MBA holders in America and Canada is $116,300 per year. Salaries for similar professionals in Western Europe are slightly lower, and in the Asia-Pacific region, their income is, on average, $85,900 per year.
Interesting Studies and Useful Skills
In addition to being considered a challenging and prestigious business education, studying business is also interesting and rewarding.
In the curriculum, students learn not only general broad business knowledge, but also specific skills in their chosen field, such as customer relations skills, sales and financial operations skills, and business strategy, communications, and IT skills. Following current business trends, programs often involve exposure to various aspects of international business and entrepreneurship through internships abroad and student exchange programs.
While studying business, students learn valuable and versatile skills that they can apply in their normal lives or in any other profession. These skills include, for example, understanding the process of managing organizations, oral and written communication skills, analytical and critical thinking skills, problem-solving, decision-making and logical thinking skills, presentation skills, and an understanding of various economic and financial processes.
However, due to the complexity and difficulty level of business studies, many students find it difficult to keep up with their coursework. Fortunately, online college writing services offer a great solution to this problem. They provide custom-tailored essays, research papers, and dissertations written by experienced professionals who are knowledgeable in the field of business studies.
Top Universities and Business Programs
Today, business education is offered at a large number of educational institutions around the world. According to QS World University Rankings by Subject 2019, the world’s top 5 universities for business and management studies are as follows:
- Harvard University, USA
- INSEAD Business School, France
- London Business School, UK
- Massachusetts Institute of Technology, USA
- University of Pennsylvania, USA
Business education is traditionally not cheap, especially at universities such as Harvard and MIT. However, a business degree can also be obtained at a more affordable price. For example, at Centennial College in Canada, you can get a certificate, diploma, or higher degree with various business specialties for $9,800 a year. Among British universities affordable higher business education is the University of Central Lancashire, whose training will cost $ 9,600 a year. In Asia, business education is even cheaper. For example, at the Malaysian University Tunku, Abdul Rahman business students pay about $4,000 a year. Studying business abroad is a great way to develop your skills, gain valuable international experience, and learn new methods of doing business. In addition, a cheap essay writer can help you write a good business-related paper or essay without much effort.
Many universities around the world offer dual degree programs in business and additional specializations that give students an even broader perspective. For example, Australia’s La Trobe University offers double majors in business and other majors, including agriculture, advertising, tourism and hospitality, arts, biomedicine, computer science, and science. New Zealand’s Auckland University of Technology, on the other hand, attracts students by offering a wide range of programs in the most popular business field today – international business. The British University of Westminster also offers interesting study options. Here you can combine business studies with the study of such strategic languages as Arabic and Chinese.
A wide choice of similar programs is also available at the University of Liverpool, where you can study Spanish, French, Italian, German, Greek, and many other languages at the same time as a business. In addition, the university has programs that allow you to get a degree in business and another subject from an extensive list, which includes law, music, sociology, media, history, international relations, and other disciplines.