A business degree can help you build a lucrative career. In fact, according to the Bureau of Labor Statistics, it is one of the highest-paying degrees.
But with a multitude of options, finding the right major for you may be challenging. To assist, here is a list of the best business degrees that will make you smart and rich.
Management
To succeed in business, you need a strong foundation of management skills. These are essential for keeping things running smoothly and efficiently. They include planning, communication, and leadership. Managers are responsible for establishing the goals of an organization and overseeing its workflow, operations, and employees to meet those goals. They also help make decisions about how to handle money, manage resources, and develop new products and services. They can work in all industries and sizes of businesses, from small family-owned enterprises to large multinational corporations.
If you are interested in working for yourself, a bachelor’s degree in entrepreneurship or small business administration may be the best option. This program teaches you how to launch a new company and how to run it successfully from start-up to expansion. It also teaches you about the basics of marketing, accounting, and finance, as well as how to develop a business plan and budget.
Entrepreneurship degrees also give you an edge in the competitive world of e-commerce. These are high-demand fields that offer good job prospects and above-average salaries. These jobs include internet marketers, online sales managers, entrepreneurs, and web application designers. You can expect to earn more than $130k a year in these positions.
Another way to become a business professional and earn an excellent salary is by earning a master’s degree in economics. Economics focuses on how people use resources and how businesses can profit from them. It also studies the overall economy and how it affects the global financial system. This field is a great choice for those who have a deep interest in math and statistics. It’s important to keep in mind that even with a graduate degree, it takes experience and leadership abilities to get to the top of the field.
Marketing
If you want to work with a wide range of products or have your sights set on entrepreneurship, a degree in marketing may be the right fit. This major teaches you to create marketing strategies for both profit-driven and non-profit businesses, as well as how to develop and manage a small business. It also teaches you the basics of business management, accounting and financial reporting, human resources, entrepreneurship, business law, and international business.
You can choose from a variety of specializations with a marketing degree, including internet marketing, advertising, consumer behavior, and global marketing. You’ll also learn the importance of analyzing and using data to make effective marketing decisions. Some of the most well-known careers for marketers include business managers and public relations specialists. The University of Florida Heavener School of Business offers a bachelor’s degree in marketing, and the school’s courses cover topics like consumer buying patterns, research methods, globalization, brand and product development, advertising strategy, and more.
The most lucrative business degrees are those that focus on areas that have strong career prospects and high salaries. Finance and accounting positions are growing at a fast rate, and jobs in healthcare management, entrepreneurship, and sales management are all expected to pay more than $80,000 (Bureau of Labor Statistics). To earn one of these lucrative degrees, you’ll need to pursue a bachelor’s or master’s degree in a relevant field, such as healthcare management, entrepreneurship, finance, or accounting. Some of these programs offer accelerated options, which allow you to complete your degree in as few as four years. A bachelor’s in business administration covers the fundamentals of business, while a master’s in business administration focuses on leadership and strategic thinking.
Finance
Having a background in finance is a way to earn millions. Millionaires don’t usually come from political figures but from those who have made smart investments in the financial sector. This is a field that requires a lot of time studying financial accounting and the different money markets and how they work. It also helps to have a strong understanding of how the economy works.
Some of the most lucrative degrees include those in healthcare management, business administration, and marketing. A degree in one of these fields could allow you to become a project manager, an accountant, or even a sales manager. A graduate of a business program can also pursue careers in banking, investment, and insurance.
Global business is another popular option that can lead to a highly successful career. This degree focuses on how businesses operate globally and offers courses like project management, preparing budgets, and managing quality. Those who major in this field can earn a median salary of $85,100 and rise to managerial positions.
Other top-paying business degrees include economics, information systems, and accounting. These courses offer great job outlooks and salaries that can reach six figures for those in leadership roles. An associate’s, bachelor’s, master’s, and doctoral degree in any of these subjects can help you find the perfect career path. Choosing a reputable business school that offers these degree programs will also help you build an impressive network. This can make it easier to get a job or start a business later on. The benefits of a business degree are numerous, making it one of the best choices for those looking to enter the world of business.
E-commerce
As more and more businesses shift their operations to online transactions, there is a greater demand for professionals who understand the complexities of e-commerce. From monitoring network systems to overseeing databases and providing technological security, a degree in e-commerce can open doors to many different careers.
To pursue this field, you’ll need a bachelor’s degree or higher in business management. The University of Rochester, for example, offers an MBA with a concentration in e-commerce. This program is designed to teach students how to create, manage, and direct e-commerce initiatives for their businesses.
It’s also important to have strong communication skills, as a large part of this job is customer service. This includes responding to emails and phone calls and delivering an excellent experience for customers. It also helps to be creative, as e-commerce is a new industry, so there’s often room for ideas and innovations.
A bachelor’s degree in e-commerce will prepare you to work in several industries, including business leadership and management. Some graduates go on to become entrepreneurs, marketing experts, and research analysts. You can find programs at universities and colleges around the world, but a good place to start is with an accredited college or university. These programs typically take four years to complete, and they can provide you with a solid foundation of knowledge in e-commerce practices and trends. You can even earn your bachelor’s degree online at a variety of schools, like the University of Pennsylvania. This program offers scholarships and tuition assistance for active military members. This is a great option for those who want to be able to work from home. The University of Nebraska also offers a 100% online e-commerce degree.
Information Technology
If you’re looking to become a business professional with a high salary, the best way to go is with a business degree. These degrees focus on specific areas of business, such as finance, accounting, economics, or marketing and management. These are the most common and highest-paying degrees in business, but many other business majors can provide lucrative salaries.
For example, an entrepreneurship major will learn how to develop and launch new businesses, while a supply chain management major will learn how to optimize a company’s logistics operations. A business administration major will study the intersection of different areas of business and learn how to make strategic decision-making. And a management information systems major will understand the computer and network systems that help companies track their finances, staff, and customers for analysis and growth.
Another popular business degree is an IT or information technology, major. IT is a huge field, and it encompasses everything from creating and installing software to managing computer networks. People who have an IT degree often find themselves working with a variety of other professionals, including accountants and lawyers. IT is one of the fastest-growing and most important fields in business, and a bachelor’s degree can get you started on the career path that will lead to a great salary.