{"id":12431,"date":"2024-04-02T13:58:54","date_gmt":"2024-04-02T17:58:54","guid":{"rendered":"https:\/\/www.goodwin.edu\/enews\/?p=12431"},"modified":"2024-12-13T16:18:55","modified_gmt":"2024-12-13T21:18:55","slug":"benefits-of-business-degree","status":"publish","type":"post","link":"https:\/\/www.goodwin.edu\/enews\/benefits-of-business-degree\/","title":{"rendered":"What are the Benefits of a Business Degree?"},"content":{"rendered":"

Many individuals who dream of creating their own startup or climbing the career ladder at a company often wonder if a business degree is worth their time, energy, and money.<\/p>\n

After all, there are success stories of people without a college degree. Yet, there are just as many (if not more) stories of those without a degree falling short of their goals\u2014and wishing they got a degree in the first place.<\/p>\n

Business is a unique area of study in that it can prepare you for a diversity of careers after graduation. In fact, business is consistently ranked among the most in-demand majors<\/a> by employers today. The skills gained in a business program are highly valued\u2014ranging from critical thinking and leadership, to marketing and finance\u2014and this is just one of the many benefits of a business degree.<\/p>\n

Additionally, employment in business and financial occupations, according to the U.S. Bureau of Labor Statistics (BLS)<\/a>, is projected to grow faster than the average for all occupations, with about an average of 911,400 job openings each year to 2032, revealing how eager employers are to hire highly-skilled, educated business professionals.<\/p>\n

Below, we\u2019ll cover what students can expect from a business degree program and the benefits of business school overall.<\/p>\n

What is a business degree?<\/h2>\n

There are a variety of business degrees<\/a> and programs out there. They can prepare graduates for exciting and fulfilling careers<\/a> in many different roles and industries, including:<\/p>\n

    \n
  1. Associate degree in Business Administration<\/a><\/strong>: This fast-paced program covers the fundamentals of business management, business law and ethics, accounting and finance, economics, budgeting, and planning, in addition to general education courses.<\/li>\n
  2. Bachelor\u2019s degree in Business Administration<\/a><\/strong>: This four-year degree program dives deeper than an associate-level business degree by covering topics in management, marketing, accounting, entrepreneurship, business research, customer relations, and strategic planning.<\/li>\n
  3. Master\u2019s in Business Administration (MBA)<\/strong>: A graduate-level business degree that often takes students an additional two to three years to complete, an MBA is perfect for candidates looking to become managers in their companies with a focus on management techniques, theory, economics, accounting, and finance.<\/li>\n
  4. Master of Science in Organizational Leadership (MSOL)<\/a><\/strong>: This advanced degree prepares students for forward-thinking leadership roles and can be completed in as few as 20 months part-time.<\/li>\n<\/ol>\n

    Students should do their research to find a business degree that aligns with their interests, needs, and goals. Additionally, look for business degrees that offer opportunities to network and connect with peers, staff, and faculty, which can lead to future employment and career opportunities.<\/p>\n

    What are the benefits of business school?<\/h2>\n

    There are many benefits of a business degree, including versatile skill building, technical and operational knowledge, networking, and high salary potential. Here\u2019s an in-depth look at the many benefits.<\/p>\n

    Versatile skill building<\/h3>\n

    Business programs, including Business Administration degree programs, provide students with a diverse range of skills that help them succeed<\/a> in many professional environments\u2014whether they are working in a start-up, small to large business, or nonprofit.<\/p>\n

    Business skills<\/a> developed and strengthened during business school include:<\/p>\n