In a fast-paced and rapidly changing business landscape, achieving professional success requires more than just innate talent and ambition. It demands a comprehensive understanding of key principles, strategies, and practices that drive organisations forward. This is where a degree in business management comes into play, offering aspiring individuals a solid foundation and a competitive edge to navigate the complex world of commerce.
Whether you’re a fresh graduate or a seasoned professional looking to enhance your career prospects, obtaining a degree in business management can open doors to a multitude of opportunities and pave the way for long-term success.
In this article, we will explore the immense value a degree in business management offers, shed light on the diverse skills, knowledge, and share experiences that await those who embark on this transformative journey.
But first, let’s better understand what business management degrees are, and what they offer. A degree in business management covers various aspects of business management, such as finance, marketing, sales and business administration. It equips students with relevant skills, possibly applied to managerial positions in both private and public sectors, including non-profitable organisations.
In short, a business management degree makes one versatile, adapting to varied situations.
Business studies has always been a popular choice amongst many students, and is the biggest discipline in the UK. According to The British Academy, 16.3% of students in the UK higher education system were studying a business and management course in 2019.
Against other fields of study, there are tons of reasons why people choose business management. Let’s explore some of the more compelling ones on why students would take to this route.
Pursue a business management degree to get a valuable educational qualification while deciding on a career path or plan. It is a step forward that powers you to leapfrog three steps ahead at a later stage.
For the dexterity a business management degree offers, the apt exposure to different fields allows you to make a nimble switch between them, should you discover that a certain specialisation does not interest or satisfy you. This is a great option as precious time, money and effort invested into your education will not go in vain, and you don’t have to stay in a field or specialisation that isn’t you or isn’t for you.
A business management degree equips you with industry-relevant skills and knowledge that make you highly employable.
A postgraduate survey done by The Quality Indicators for Learning and Teaching (QILT) in 2020 revealed that the Bachelor of Business was the top-performing 3-year degree programme for graduates finding full-time employment.
Furthermore, an estimated three in four people with a business and management major secured employment upon graduation, reinforcing the value of business graduates.
All employers require professionals to perform vital administrative duties – and it involves knowledge of areas such as human resource management, accounting, marketing and more. Therefore, business majors are always in demand in the job market.
If you have plans to start and run a business, a business management degree is great for you. You can learn core skills necessary to run an organisation, such as accounting, finance and marketing. Furthermore, you can improve on your entrepreneurship and leadership skills.
Even if you don’t plan to own a business, you will gain valuable knowledge and useful skills to manage parts of businesses, such as a small business or a franchise.
As a fresh graduate, your career path could be undecided. It is likely that you may face a couple of job changes before you finally find a career that best suits you. Hence, being diversely skilled is a great advantage for you to explore better job opportunities when they present themselves.
Now that we’ve covered why it may be a good idea to study business management courses, let’s take a look at the top 5 careers that await business management degree holders
Project managers typically plan and oversee business projects for organisations. Their duties include managing team members, scheduling meetings to chart progress, and tracking performance. They also hold a huge responsibility of ensuring that projects finish on time, and in alignment with the goals of the organisation.
A business manager’s role includes evaluating, assessing and implementing business strategies to ensure that the organisation works optimally and produces quality results. They are in charge of many areas, such as asset management, operation management and employee management.
Marketing managers work closely with their executives to devise comprehensive marketing strategies to increase leads and drive sales. They are responsible for tracking marketing efforts, analysing data, supervising their team and training their members for growth.
A business development manager’s duties include seeking new business opportunities and building client relations and connections with businesses and professionals to increase market share and product reach.
Certified public accountants (CPAs) generate financial records, statements and documents for their clients. They often work in a management role to oversee a team of accountants, and are responsible for their growth and performance.
Business management is broad, and you can earn it at the bachelor’s to postgraduate levels. The type of course you choose to study will affect the time taken to obtain a degree, and it varies greatly – depending on your career goals and resources.
Therefore, it is best to carefully research the programme that you wish to enrol in, and find out crucial details such as – the entry requirements, programme structure, course length and if it offers part-time studies.
However, if you are just venturing into the business management, it is compulsory to complete your bachelor’s first, before pursuing postgraduate qualifications.
A bachelor’s degree in business management takes approximately four years to complete if you study full-time. Fortunately, more and more online business degrees allow for convenient and customised learning experiences with a shorter course duration.
Furthermore, many educational institutes have realised the need to tune their courses and offer them part-time, to cater to working professionals who wish to upgrade themselves, but do not have time for full-time studies.
The MDIS Business School (MBS) offers a range of business courses awarded by globally-recognised university partners ranging from diplomas, to doctorate levels, preparing students for career commencement and advancement in a complex and competitive business environment.
Its degree programmes such as the Bachelor of Science (Hons) in Business Management and Finance awarded by Bangor University, UK have full-time and part-time intakes to cater to students’ needs.
The study of business management comprises of various disciplines such as finance, human resources management, supply chain management and more. If you decide to pursue a business management degree, choosing an experienced and reliable educational partner will be crucial for a complete and well-rounded educational experience.
MDIS is a pioneer in the private education sector, and an advocate for lifelong learning. Constantly developing and upgrading its programmes with renowned universities from the UK and the US, MDIS ensures that students receive a well-credited education with global relevance. Contact our consultants today for any enquiries; they will gladly assist you.
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