Narrowing down the best major is often difficult. Some students choose the wrong path and end up regretting their degree program. Likewise, other students choose degree programs with limited job opportunities. Choosing to enroll as a Cardinal Stritch business management student, for instance, can open the door to several career opportunities in the future. If your student is on the fence and can’t decide between a business program and another degree, here are four good reasons to pursue a business degree.
1. Better Job Security
There is no guaranteed way to avoid a job lay off. However, obtaining a business degree can provide greater job security. Education level can impact unemployment, as well as the type of education. Business is an in-demand degree, with many graduates able to find stable employment upon completion of their degree.
2. Higher Starting Salary
The average starting salary for someone with a business degree is between $40,000 and $50,000, which is slightly higher than starting salaries in other fields, such as education, fine arts and social work. What does this mean for you? A higher income upon completion of a degree program provides the opportunity to get your finances in order. There’s more disposable income to pay down student loan debt, plus there’s the opportunity to get your own place and create a financial cushion. The less money you earn, the harder this becomes.
3. More Career Opportunities
As a business management student, you’ll take a variety of courses that pertain to business. These include classes in marketing, economics, business ethics and administration. This gives you more occupational choices when you’re ready to enter the workforce; especially if you minor in communications, English, operation management, or computer science. You can apply for jobs in sales, marketing, hospitality, finance and human resources. A business degree also makes you a good candidate for a project manager position, or perhaps a management trainee program. This can lead to greater responsibilities, in which you can command a higher pay. If you’re looking to move up the corporate ladder, a business degree can point you in the right direction.
4. Skills to Start Your Own Business
Maybe your long-term goal is to start your own business. While you don’t need a business degree to be an entrepreneur and start your own company, the skills and knowledge you acquire in school can help you run a successful business. A lot goes into starting a company. And if you don’t know the ins and outs of running a business, your venture might fail.
With a business degree you will learn how to write a business plan, create effective marketing strategies, handle business finances, deal with employees, as well as management skills and business ethics.
Not sure whether a business degree at Cardinal Stritch or any other university offering this career path is right for your student? Familiarize yourself with the school and talk to counselors/professors in the business department. Understandably, this is a major decision, as there are plenty of majors to choose between. A business degree can be your ticket to an exciting career, which can give your family security and stability.