A business degree is what you’ll receive after completing a 4-year undergraduate program. “Business” in this case is generally an umbrella term because there are plenty of specializations within the field.
You can learn enough about being an entrepreneur to start your own company or to help a fledgling startup bloom into a full-fledged profitable business. You can learn management skills that can help you supervise employees, even those with greater technical knowledge because your training allows you to have a clearer understanding of how those technical skills can be used by the company for greater profit.
The training you get is also largely case-oriented. Theory will always take a backseat and what you will focus on are actual cases which emphasize crucial points. You’ll examine how one success came about and you’ll pinpoint the exact causes of business failures. You’ll receive a comprehensive understanding of how different departments can work together, and you’ll also understand how motivational tools can make a difference in productivity.
What Can You Do with a Business Degree?
There are a lot of different things you can do when you join a company, and your specific tasks will depend on your college education. A typical business is comprised of many different departments, and you can fit right into one of these departments depending on your specialized skills. These departments include human resources, accounting, marketing, advertising and even manufacturing.
In general, you can categorize your work into two parts. One part is technical; whether you are evaluating figures and projections or devising new and effective ways to advertise your products and services. But the other part is about leadership and management—you have the ability to lead people with diverse skills and temperaments into a cohesive unit.
Essentially, the skills that you offer for a company are those which can make it more profitable. As a business graduate, you possess a clearer understanding of the entire system of business in which your company operates. Your insights can be the main difference between making a huge profit or suffering a spectacular loss.
What Are The Best Schools To Get a Business Degree?
A lot of business publications and organizations have their own lists of schools offering the best undergraduate program in Business. They can be quite different because each group tends to have its own methodology of determining the best. But a closer examination of these lists, however, will reveal a few schools which consistently make the grade. These schools include University of Texas at Austin, University of Pennsylvania, and Notre Dame. For the more mathematically based business specializations, Massachusetts Institute of Technology (MIT) also consistently places near the top of everyone’s list.
What’s more important to note here is that these schools are also very highly regarded by potential employers. They’re known to pick only the best students for their rosters, their professors are highly sought, and the training they provide is outstanding. A business degree from any of these schools gives you the edge in terms of employability.