Business: The Framework of Our Lives
Anyone considering earning their degree in business is on track to making a smart higher education decision. The days of any and all college degrees leading to sure payoffs in terms of career and personal success are long past. Only a careful choice of major followed by diligent study and passionate pursuit of internships and every other ancillary opportunity offered at university is likely to result in a satisfactory outcome. Business is one area of study where the risk/reward equation still works out in the student’s favor.
Business is defined as the activity of buying and selling goods and services or otherwise engaging in commerce. It is the exchange of things that humans want or need for money or other instruments or items of value. Foundational to economic systems of any scale, business interaction takes forms that can be simple or complex, from a single transaction between two people to operations that span the globe.
On a worldwide basis, the vast majority of business traditionally occurs on very small scales. The West African housewife who buys a few extra fish at the market and sells them to neighbors is doing business. The Bangladeshi villager who puts extra minutes on his mobile phone and lets others make calls for a small fee is doing business. The Korean immigrant to the USA who works alone to run a small shoe repair shop is a business owner.
In contrast is business in the modern era, the age of so-called globalization, a time when a rapidly growing number of international business enterprises plant worldwide footprints, carry tens of thousands of employees, and bring millions or even billions in yearly revenues. Astute prospective higher education students will easily recognize that economic activity on this scale generates nearly limitless career opportunity for those who prepare correctly.
Why get a degree in business?
Among the broad areas of study offered at most colleges and universities, business has been very popular in recent years. It’s a sensible choice of major given the difficulties that even top graduates from the best schools can face in today’s tough job market. Similar to healthcare or education, the prosecution of business can be viewed as a response to one of the perennial demands of human society. It is a pursuit that is nearly universal, practiced widely and out of necessity wherever people live together.
This universal nature means that business studies open the door to a huge realm of occupational possibilities. Business-related degrees are accepted qualifications in a broad range of career settings, many of which offer the potential for high pay. Unlike work in healthcare, education, or other universal fields, business activity has the very attractive feature of direct involvement in trade, commerce, and the flow of money. Whether we like it or not, money is a very important or even central factor in our lives, and business is where the money is.
Ambitious graduating high school students are attracted to the study of business by the promise of high salaries, good opportunities for advancement, and the possibility of working for famous companies in exciting cities. Early- and mid-career professionals who want to make a push up the career ladder return to business studies in order to refine existing skillsets or acquire additional qualifications.
There are probably as many reasons to do a business degree as there are people doing one. What is your rationale, your driving objective? Clarify it then step forward boldly. With the right study strategy, a wise choice of specialization, and a bit of luck, pursuing a business major can turn out to be richly rewarding and one of the best higher education moves you could make.
Specialties in the Business Field
At the undergraduate level, most people recognize a business major as being connected to a fairly limited number of sub-fields. Administration/Management, Accounting, Finance, and Economics are well-known areas of basic business study. At the graduate degree level, business specialties proliferate and students choose from among a multitude of study areas according to personal interest and need.
The development of the global economy and the relentless advance of high technology have given rise to a host of new business specialties. Many of these fresh and promising areas of specialization are unknown to most people, and can seem to have little connection to traditional business paradigms. Change Management, Corporate Responsibility, Information Security Analysis, Environmental Management and Sustainability, Entrepreneurship, and Homeland Security are just a few examples of new professional specialties that fall under the umbrella of business studies.
Choosing the right specialty is critical to success in a business degree program and in the job search afterward. Those considering a business degree need to reflect on their purposes for undertaking the study. It is also wise to inventory personal interests, inclinations, skillsets, and situations. This will support a clear-eyed view of what needs to be done in order to ensure a solid ROI on what will be a challenging academic effort.
For example, working professionals already immersed in the corporate world might certainly benefit by adding an MBA degree to their resumes. However, the presence of a family with young children in addition to the demands of an ongoing job might indicate the wise choice to be enrolling for an online MBA rather than joining an on-campus program.
An outgoing, people-loving person may enjoy work in the Real Estate field, while more introverted, analytic types could be at their most effective in Marketing or Information Technology. The important thing to realize is that expected salary levels are not the only factor to consider.
Choose Wisely, Study Happily
Considering and planning your higher education journey can be an intimidating process. There are so many options available and factors at play that reaching a fully-informed and correct decision might seem like an impossible task. There is also much at stake: time, money, and an entire lifetime of consequences all ride on the choices you make.
However, it can be done. A path through the higher education maze can be mapped out, and you can be successful as so many others before you have been.
At Eduvenio, we are dedicated to taking some of the stress out of higher education planning. We make valuable resources available to support you in making wise, informed decisions about where and what to study, and how to best reach for your dreams and goals when it comes to business or any other higher education major field. Please enjoy what we have to offer on our website, and let us be part of your success.