What can you do with a business management degree?
Table of Contents
Every graduate dreams about a successful career. Many of the further students focus on taking a business management degree, which helps to reach high results in a future job.
Specialties that relate to business and management traditionally occupy leading positions in world ratings of the most prestigious professions. Accordingly, specialists in the field of business and management become permanent leaders in terms of financial income.
The main advantage of a student taking a business management degree is a high demand on the world market.
What does the education process include? That might be writing research papers, preparing case studies, and a combination of examinations and coursework. Every student faces the reality of what to do after getting a business management degree. We found a problem solution and will describe it in the next steps!
Steps Every Student Should Take to Get a Business Management Degree
Step #1. Choosing a school
As Business Times writes, there are approximately 10,000 business schools today in the world. In the ratings of the most prestigious schools, the leading institutions are the United States, Canada, and the European Union. The right choice of school for you saves you time and money. If you are not residing in any of these countries, it is better to pass short-term training courses before taking a bachelor’s or master’s degree. It is beneficial and economical for you to study the real experience of foreign specialists. Many continuing education programs include field trips.
Internships are also possible after taking business courses, such as practical training and work abroad. Paid practice lasts from a year to a year and a half. In the process, you have an opportunity to get a job in an international company. It is an excellent chance of exchanging professional experience. For students, this is a unique opportunity to gain work experience before graduation. When you apply for a job, most likely, this particular line in the resume will be decisive.
Step #2. Choosing a degree
Usually, entering for a Bachelor of Business Administration degree (BBA), graduates of secondary schools do not have the appropriate qualifications and sufficient practice in the field of management and administration. Students regard the BBA program as postgraduate education based on already completed higher education.
Today it is much more economical to get a bachelor’s degree in native lands. If a student is thinking about an MBA degree (Master of Business Administration) or postgraduate programs, it is better to get it abroad – out of their countries in the most prominent schools in the world.
Step #3. Consider the requirements
– University diploma (high education in your country or the same specialty degree abroad).
– English level IELTS 6.5 – 7.0.
– 2-3 years of experience in positions with high responsibility.
– age over 21 years.
Benefits of International Business Management Degree
Business and management programs provide an excellent basis for obtaining an academic degree and further career in business. In business education, as in any other, the first step is the Bachelor of Business Administration (BBA) in such fields as commerce and business administration.
The curriculum of the program covers a wide range of primary functional areas of the specialty: management, organizational behavior, accounting, finance, marketing, sales, operations management, information technology, law, and human resources management. Students learn the basics of economics and quantitative analysis.
At the same time, the curriculum has a pronounced practical orientation. It promotes individual improvement through the development of skills such as decision making, teamwork, leadership, negotiation, communication, and presentation.
The average duration of a BBA program may vary, but more often, it is 3-4 academic years.
The BBA program is an initial independent stage of professional education. It is included in the framework of continuing education and can be considered as a preparatory stage for a higher level, obtaining an MBA – Master of Business Administration. And students gain knowledge in areas such as management enterprise, personality, human resource management, marketing, law, and others.
What to Do After You Get a Business Management Degree
Students of a business management degree can continue their studies in a master’s program after graduation. They may choose the same faculty under the application of the specialization of international business. Some of them enroll in MBA programs in a selected country or partner universities located in other countries, such as the USA, UK, Canada, Czech Republic, Poland, Sweden, France, Australia, New Zealand, and others.
The diploma program is mainly applied in economics and makes it possible to work in high managerial positions in such areas as marketing, accounting, personnel management, etc. Graduating in international business management does not prevent students from finding jobs not only abroad, but also in large and small domestic companies.
Most board members have an MBA degree. Of course, yesterday’s graduates are unlikely to get an offer of a leading position in the company immediately. However, such options are possible if it is a non-profit organization or a developing startup. You will surely earn the position of CEO (Chief Executive Officer) or another senior officer of the company (general director, chairman of the board, president, leader).
As for the lines of activity, if you have a master’s degree in business management (MBA), your possibilities are practically unlimited. You can do almost anything you want. An MBA graduate is a welcome candidate for most employers.
“The career prospects for MBA applicants are promising,” the Graduate Management Admission Council report emphasizes. GMAC is an organization that brings together leading business schools in the world, as well as the administrator of the GMAT test (The Graduate Management Admission Test). It is the first and only standardized test designed today, specifically for business schools.
The reason for this, according to GMAC, will be a change in employers’ priorities. The main goal in the new year for many respondents will be to increase productivity. Graduates of business schools are trained to cope with similar tasks; respondents are convinced.
According to the two most significant GMAC studies, 74% of employers surveyed indicated that they plan to hire specialists with diplomas in business administration. Twenty-two percent of employers said they intend to expand the range of vacancies for graduates of these qualification programs.
Another study of the dynamics of world labor markets, conducted earlier by TopMBA.com with a larger sample, including a survey of 12,100 companies from 42 countries, also showed an increase in demand by 36% for specialists with an MBA diploma.
The data obtained only confirms the recent trend towards hiring specialists with an MBA degree. This allows many companies to maintain their competitiveness in the context of a tightening economic situation. Accordingly, the number of people who wish to enroll in business administration programs will increase. Therefore, if you plan to strive for the maximum in your future career, a business management degree is for you.
According to studies, 78% of graduates of business schools decide to get a business education while working as a middle or senior manager. Eighteen percents enter the MBA while still working as line specialists. Thus, managers who are set up for a successful career plan from the very first steps. And only 4% of those who entered the MBA program are business owners.
The specialty of business management is one of the top five most promising professions. Graduates will gain not only an exciting position at work but also high income.