Question about buisiness.?
I am going to college soon, and i was wondering, if a choose to major in buisiness, to earn a buisiness degree, is college enough? do i have to go to buisiness school after college? or can i just go to a buisiness school and not go to college? what career options do i have if I major in buisiness?
- 1 decade agoFavorite Answer
Okay, what you need to do is that business school is part of college. Colleges, particularly universities, are made up of several different schools such as school of architecture, school of business, liberal arts school, school of education, fine arts... you get the picture.
Several universities have it to where you are accepted into business school your junior year. For example, at the University of Kansas, you aren't admitted into business school until your junior and senior year. For your first two years of college, you are labeled as a pre-business student. You are basically a member of the liberal arts program until you are a junior.
Other universities will admit you your freshman year into the school of business. The McCombs Business School at the University of Texas does it in this way.
Unlike becoming a doctor, a bachelor's degree (four years) is enough for business graduates. You could go out and find a job at banks, companies, research insitutions or whatever you please. However, many professors would recommend that you plan on getting your MBA (Masters in Business Administration). This will increase your chances of landing a high-paying job in the business industry... and trust me there are a lot of them.
I see you are calling the degree "a major in business". However, only some colleges offer you a degree in what is called "general business". I wouldn't recommend this degree unless you plan on becoming an entrepreneur.
Unless you want to own your own business, I would recommend getting a degree in one of many choices:
accounting, finance, information systems, international business, management, marketing, and supply chain management.
But, then comes the question, as you asked, what can I get out of each degree?
Accounting provides careers in three categories: public accounting, governmental accounting, and private/industrial accounting.
With a degree in accounting, you may find yourself working for banks, brokerage houses, construction firms, consulting firms, insurance companies, credit unions, finance companies and high technology companies.
Some of the governmental agencies you could work for would be the Federal Bureau of Investigation, Federal Deposit Insurance Corporation, Federal Trade Commission, and others.
Careers would include accountants, bank officers, internal revenue agents, tax accountants, operations managers, auditors, credit managers, treasurers, and other careers.
A degree in finance contains starting salaries from $20,000-$80,000. The average starting salary is $47,824.
Career paths in finance include corporate finance, investment banking, commercial banking, asset management, real estate, and personal financial planning.
Areas in corporate finance include: financial analysts, accountants, credit analysis & management, controller/financial director, payroll, financial reporting, investor relations, treasurer, and chief financial officer.
Areas in investment banking are: sales & trading, research, mergers & acquisitions, equity & debt, advisory services, and underwriting.
Commercial banking careers include: bank examiners, loan officers, branch managers, sales, programmers, trust officers, commercial lending, mortgage loans, capital services, operations, and credit scoring.
Asset management includes: fund accountants, economists, analysts, quantitative analysts, and portfolio/fund managers.
Real Estate contains careers as: Residential brokerage, commercial sales, appraisals, property management, and real estate portfolio management.
Career areas for financial planning are: sales, customer services, operations, and portfolio management.
Information Systems (also termed Information Technology by some) is a dynamic career field focused on the
employment of various information technologies in ways that help achieve the strategic goals and operational
objectives of businesses or other organizations.Opportunities for employment in the information systems/information technology career field are many and varied. Virtually every organization, businesses in all industries, government entities, or not-for-profit groups, depends to
some degree on information technology and, as a result, adds to the aggregate demand for information systems
professionals. Some positions are more technical than analytical, and some organizations choose to place entry
level employees in these sorts of positions to “learn the ropes.” Starting salaries in this field range from $40,000-$50,000. The average starting salary is $49,000. The median starting salary is $46,500.
A bachelor's degree in management & leadership provides a starting salary between $24,000-$71,000. The average salary is $40,044.
Careers include but are not limited to: administrative service managers, branch managers, contract administrators, credit managers/loan officers, custom service managers, distribution managers, facilities planners, fundraiser/development officers, hotel/motel managers, human resource administrators , insurance agents/brokers, insurance agents/brokers, management analysts, meeting & convention planners, medical and health service managers, public administrators, property & real estate managers, small business owners/managers, operations managers, and budget managers.
Marketing is my personal favorite. If you are center-brained, marketing is the perfect career path. It provides extensive exercise of the analytical left-side of the brain but also completely implements the creative right-side of the brain as well.
Typical careers in marketing include: account representatives, internet marketing specialists, business development officers, marketing managers, brand/product managers, marketing research specialists, purchasing agents, merchandising, inside sales, consumer affairs, retail managers, sales representatives, and marketing assistants.
Salaries for college graduates range between $30,000-$48,000. The average salary is $39,072.
Supply Chain Management (SCM) consists of a set of approaches to efficiently integrate the flow of
materials, finances, and information from suppliers, manufacturers, wholesalers, distributors, retailers to the
final customer, and back again.
Careers in supply chain management include: supply relations management, contracts management and pricing, procurement and supply management, inventory management, logistics management, transportation career management, demand forecasting, consulting, export/import operations and management, consumer services management, and distribution management.
Starting salaries are between $26,000 to $56,000. The average starting salary is $44,000.
Careers in international business are great because you usually get the chance and opportunity to see the world. Good careers in this field are international marketing managers/directors and international sales managers/directors. There are also international representatives and international bankers. Many other careers exist as well.
I would highly recommend continuing your education after your bachelor's degree. The best option is a Masters in Business Administration. You would go to graduate school for two years. Many undergraduate students get a few years or many years of experience before returning to get their MBAs. An MBA will definitely increase your income and chance of getting a high-class career. Managers make a lot more money than those at the bottom. Typically, you can get an MBA regardless of what major in business you chose. In fact, my dad got his BA in psychology. He only got a minor in business and he still got admitted into the University of South Carolina in Columbia where he got his MBA.
Forgive me for the longevity. I have trouble staying brief. I hope I helped you with all the information you needed.
Good luck on choosing your school, degree, career path, and career!
- 1 decade ago
Most people going to college to major in buisness already have a career path in mind. Your career options are unlimited anyway, business degree or no business degree. With the climate of the US economy right now, I know people with business degrees who are washing cars and flipping hamburgers just to get by. You need to specialize.
If you plan to major in business you must have a type of business in mind that you would like to be your career, such as a sporting goods store, a car dealership, an investment brokerage house, a video or record store. Or do you see yourself as a developer? A contractor? Owner of a nursery or flower shop? You go to business school to learn enough not to go bankrupt your first year in business, (like how to keep the books) but after that a lot will depend on whether you want to own a Burger King Franchise or the largest golf course and resort complex in America. There's no such thing as too much schooling, especially when it comes to business. If you think you will be perfectly happy working for someone else and do not plan to own your own business, then you need to find out what is required of the top people in the field you are pursuing, like Hotel Management versus managing Shea Stadium, ya know?
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