Ten Benefits of a Business Degree
1. Increase in Pay. Undergraduates obtaining their business degree in 2009 are averaging a salary of $35,000 to $50,000+ to start, depending on degree and location. With several years of experience and the benefit of their business degree, these business-oriented college students can make six figures. Not all business majors pay the same, so it is important for the student to research the potential incomes of their business degree if they are obtaining a college degree for the purposes of increased income. Degrees in Business provides information on which degrees lead to which jobs and the pay they offer. An example would be:
Median income for a Bachelor’s Degree.
- Accountant: $40,247 to $61,381, as determined by Salary.com
- Human Resources (HR) Manager: $56,213, as determined by PayScale.com
- Sr. Software Engineer / Programmer: $86,850, as determined by PayScale.com
2. Job Security. A business major is assured job security with their business degree. Unemployment is drastically affected by education level. The more education a business professional earns, the more secure their profession. As of January 2009, the statistics were as follows:
Unemployment vs. Education Level.
- Doctoral Degree: 2%.
- Master’s Degree: 2.4%.
- Bachelor’s Degree: 2.8%.
- Associate’s Degree: 3.7%.
- Some College: 5.1%.
- High School Graduate: 5.7%.
- Less than a High School Diploma: 9%.
3. Employment Opportunities. Not only does the business student build towards stronger job security, they build towards stronger job flexibility. Employees holding business degrees have more occupational choices than someone entering the business world without a college degree and are likely to obtain an occupation that is more rewarding, fulfilling, and enjoyable.
4. More Skills. Business majors are equipped with a wide array of skills to meet the challenges of their job. A college student from a business background will have training in all the computer software needed to operate smoothly in a business environment. This means less stress on-the-job when your employer requests you have the skillset to complete a given task.
5. More Connections. Going to college means establishing a network with other college-bound peers and professors. These connections can land you positions later in your career, or at least provide a solid referral basis for the beginning of your job search when you graduate. Continuing to stay connected to your peers and professors means leaving doors open for limitless opportunities.
6. More Resources. Business schools often offer lifetime employment placement services to their students as part of the college process. Colleges wanted to make sure their graduates are placed in successful positions to further support the creditability of their school and will provide the resources you need to be on the top of your industry.
7. More Vacation. Reports show that the higher income, the more vacation the employee typically holds. There is also a parallel in college-educated employees being able to afford vacationing more than those without a degree. Your education will pay off recreationally as it establishes an easy, thriving lifestyle.
8. Potential for Management. Management positions, or higher-level positions in companies such as seniors and executives, are typically not available without a college degree. A college degree provides the educational background necessary for any kind of management or climbing up the professional ladder.
9. Stronger Family Ties. Studies show that the college educated are more likely to hold tight-knit families than those without college degrees. Family success is much more likely and divorce rate is lower. College-educated businessmen are sound decision makers that are able to process their life more intellectually in their career and in their home.
10. A Foundation of Knowledge. A business degree provides a well-rounded educational foundation that ultimately will support you in the decision making process of your life. Beyond acting as a certificate to back your employment opportunities, the knowledge you will glean from your business degree will help make practical financial investments for your future and intelligent decisions for all your obstacles.
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Hi! I like your article and I would like very much to read some more information on this issue. Will you post some more?
Gary–Degrees in Business has fresh updates at least twice a week, so check back often!
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