Popular Majors in Business
Student interest in business degrees is higher than ever at universities across the nation, partly because the recession is driving students to degrees where they feel they will be most likely to get a job after graduation.
Another attractive prospect to students is the many different kinds of majors students can choose from, depending on their area of interest. While all business majors will likely take courses in many or all of the areas described below, they can also choose to specialize in order to receive concentrated instruction in a specific area. A Princeton Review search reveals that some popular majors in business include:
- Agricultural business and management
- Business administration/management
- Business communications
- Business education
- International business
However, other popular majors under the umbrella of business include:
- Finance/financial planning/financial management
From rural business to the U.S. corporate world to conducting business overseas, there is a world of opportunities that opens up to those holding business degrees. Examine your options closely to determine which major will help you arrive at the career in which you are most interested.
How a Degree in Business Prepares You for the Real World
Direct preparation for future careers is thought to be the main reason more students are choosing a degree in business at the undergraduate level, according to a publication by the U.S. Bureau of Labor Statistics. Coursework for business majors equips students with skills in quantitative analysis and includes classes in accounting, finance, statistics, business strategy
A master’s or higher level graduate degree in business equips students with a more in-depth, specialized education, and students gain extensive experience with research and writing, skills used every day in business settings across the nation. For example, businesspersons need to be able to crunch the numbers and also explain them in writing in a way that makes sense when they are on the job.
At all degree levels, a business student’s experience working on group projects is excellent training for a future career. Successfully completing group assignments translates to being able work cooperatively with co-workers and team members in a real-world setting.
Best Jobs for Business Degree Students
The Bureau of Labor Statistics (BLS) describes three careers that droves of entry-level business-degree holders aim to move into. Those careers are business consulting, financial analysis and manager-in-training careers. Here is a brief description of these three jobs.
Business consultants, or management analysts, usually work as part of a team whose everyday work is to help one or more clients make their business more profitable and efficient. Business consultants point out problem areas and then develop solutions to help clients fix these problems. The BLS says that as of May 2007, the median annual wage for management analysts was $71,150.
Financial analysts help clients make sound investment decisions by pointing out trends, developing financial forecasts and recommending investments most likely to perform the strongest. The BLS says that as of May 2007, the median annual wage for financial analysts was $70,400.
Management trainees work in temporary programs lasting 1-2 years and rotate work assignments, learning different departments within an industry to find which position best suits their strengths. At the end of the program, trainees are often offered permanent management positions. The BLA says that while management trainees start out earning low wages, their future management positions could yield annual wages anywhere from $43,990 to $146,500, depending on their industry.