The Benefits of Getting a Business Degree

Portrait of a happy businesswoman using computer and taking notes in office

Studies show that 19% of college students are majoring in a business-related field. But what makes this degree path so popular at universities?

There are numerous benefits to being a business major. If you’re looking to advance your education, here are just a few reasons why a business degree might be a good fit for you.

It’s Practical

A bachelor’s in business can give you a variety of easily transferable skills. These practical skills include problem-solving, analytical thinking, data interpretation, communication, management, and presentation. It’s possible to apply these professional elements to any job, but they are especially important in the world of business.

It’s Versatile

Pursuing a degree in business can help you advance in virtually any career field. Whether you’re attempting to launch your own small business or you’re looking to manage a preexisting branch of a corporate-owned chain, becoming educated in business can suit any entrepreneurial endeavor. In fact, it is one of the highest demand degree paths because of how useful it is in the workforce.

It’s Accessible

A business degree is not limited to an in-person classroom experience. The coursework is compatible with an online format, which is why the U.S. News and World Report claims that it is the most popular online degree. Lectures, presentations, and coursework can be conveniently completed on a laptop from any location. This saves a lot of time and money in the long run, cutting the costs of the tuition and commute so that you have easier access to this career-advancing degree.

It Makes Money

Higher education in business makes you a much more desirable candidate for promotions. Your earning potential increases significantly with a business degree. The median annual wage of those holding at least a bachelor’s degree in a business-related career is $30,000 higher than the median annual wage of all occupations acknowledged by the U.S. Bureau of Labor Statistics. And in most entrepreneurial careers, your pay is primarily limited by your work ethic, skill, and resourcefulness.