Did you know that obtaining an undergraduate degree in Business is one of the top five most sought after specializations? It shouldn't come as much of a surprise once we examine the most valuable degrees in business that can be earned, but it does. In order to provide a comprehensive response to the question "What is the greatest business degree?" the focus of this article will be on business majors that have the potential to earn the highest salaries.
What exactly is a degree in business?
There is not a single correct solution to the question of what constitutes a degree in business. There is a wide variety of business degree choices available to you, and the one you choose should rely on your particular interests, desired job path, and desired level of education.
Students have the option of pursuing an associate's, bachelor's, master's, or doctorate degree in business, all of which are considered to be among the most prestigious. An associate's or bachelor's degree is often all that is required for employment in entry-level occupations. However, if you want to work in high-level roles that need leadership, you will need to get a master's degree, such as a master's in business administration, or a doctorate degree in the relevant discipline. This is the only way to qualify for these positions.
Courses and degree programs in business might vary greatly depending on the area of concentration. However, it is reasonable to state that any sort of business-focused major will provide graduates with the information and abilities they need to succeed in the area of business. This is a rule of thumb that can be applied to any business-focused majors. A degree in business is highly recommended for anybody who aspires to work in any aspect of management, accounting, marketing, or human resources (or any other aspect of management for that matter).
The Top Academic Majors and Specializations in Business
Let's take a look at some of the most lucrative majors in the business school, shall we?
A student who earns a degree in accounting should be able to produce financial reports, adhere to accounting rules and procedures, and even perform audits upon completion of the program. Students who enroll in undergraduate programs may anticipate taking business courses such as tax accounting, forensic accounting, and financial accounting, to mention just a few of the options available to them. In order to pursue a career as a certified public accountant (CPA), you will need to further your education in order to get a postgraduate degree. Additionally, you will be required to pass the CPA certification exam. An annual wage of $73,560 is considered to be the norm for an accountant's pay in the United States.
Management of a company is primarily concerned with managing and monitoring business practices and activities in order to maximize productivity. Students who have degrees in management are better prepared for careers in management at all levels, from entry-level roles such as assistant managers to the most senior executive positions. Students have the opportunity to concentrate their studies in a subfield of management that best suits their interests, such as sales management or operations management. Pay scales for management positions vary widely depending on factors such as region, organization, and kind of job. On the other hand, the website 1Salary reports that the typical income of a manager in the United States is $150,776 a year.
Staffing and Recruiting (HR)
Those who make their living in the area of human resources are the ones who are tasked with looking after their workers as well as handling their pay and benefits. Students who enroll in this degree program will get an understanding of a variety of areas, including labor legislation, payroll administration, training and development, and more. Students who specialize in HR have the information necessary to pursue careers as human resources experts, managers, or directors after graduation. According to data provided by Glassdoor, the average income for human resources specialists is $65,218.
The field of economics investigates the distribution and use of resources within companies and the economy as a whole. Microeconomics, macroeconomics, management economics, accounting, mathematics, and operations research are just few of the subjects that students of economics will study throughout their academic careers. A degree in economics may be considered a business degree, although it places a far greater emphasis on mathematics and theory than it does on actual business practice. Because of their educational background, individuals with degrees in economics have the ability to access a wide variety of roles within the corporate world. Alternately, they may take the steps necessary to become an economist. Because economists bring in a yearly salary of $108,350 on average, this field of study is considered to be one of the top earning business degrees.
Do you see yourself as the kind of person who may one day lead their own company? If this is the case, majoring in entrepreneurship might help you get a head start on learning the information you'll need. You may anticipate that learning how to build a business strategy, how to secure finance, how to plan for new company endeavors, and how to launch new items is going to be among the outcomes of studying entrepreneurship. When you get this degree, among other things, you have the ability to pursue options like as starting your own company or working for a venture capital firm. According to data compiled by CareerExplorer, the typical income of an entrepreneur in the United States is $43,240. On the other hand, if you are able to establish a successful firm, the potential earnings are almost unbounded.
Management of the Supply Chain
Degrees in supply chain management include the study of material from a variety of disciplines, including economics, finance, and logistics. Students who take these business classes will be more prepared to handle obstacles and manage logistics, as well as develop their ability to solve problems. Students acquire skills in data analytics, presentation preparation, and inventory management during the course of their education. It is estimated that a supply chain manager makes a yearly income of $116,514 on average.
The Administration of Businesses
Those who study business administration as their primary academic focus have an in-depth understanding of the inner workings of corporations. The curriculum includes foundational subjects like as accounting, marketing, and finance. Students acquire the skills necessary to solve issues, think critically, and make choices in an ethical manner via participation in these subjects. Graduates with a degree in business administration have a wide variety of employment options open to them, including but not limited to consulting, management of human resources, marketing, public relations, and other related fields. The typical starting salary for a business administrator is $56,693, however graduates with a degree in business administration are prepared to work in higher-paying professions, such as those described throughout this article. In addition to this, people who have earned a master's degree in business administration are in a very advantageous position (MBA). Investigate the topics covered in more depth here that are covered in business school.
Online Business Classes That Can Count Towards Your Degree
Earning a degree in business online is an option that should be considered by anybody who is interested in enrolling in one of the most reputable business degree programs. You may identify online degree-granting universities by doing a search for the program that interests you the most.
Take, for instance, the University of the People as an example of one of them! Students who enroll in our fully online and recognized institution have the opportunity to acquire an associate's, bachelor's, or master's degree in business administration. You may also acquire a certificate in the area if you want to brush up on your knowledge or improve your resume with credentials if you aren't quite ready to enroll in a comprehensive program that would offer you a degree.
Because there is no cost associated with participating in any of the programs offered by the University of the People, you won't have to worry about going into debt to further your education.