What is Business and Management
Business and Management are the disciplines devoted to organizing, analyzing, and planning various types of business operations. And if that sounds really general, that’s just because these fields cover a lot of ground!
These degree programs teach the fundamental skills that are required to efficiently run or manage a business. That’s why you’ll find Business and Management majors in every industry, in a variety of different types of jobs.
So, whether you want to work for a large corporation, or in a mom-and-pop shop, you can be confident that a degree in Business and Management will teach you the skills and theory you need for a successful career.
Some degree types in this category, like Accounting or the Master’s in Business Administration (MBA), are so popular that we’ve created separate hubs for them. Check them out if you’re interested in either career path! Otherwise, read on to learn about the many benefits and opportunities that can come with a degree in Business and Management.
Fields of Study in Business and Management
The possible job titles for Business and Management majors are practically unlimited. They range from financial managers, who use their mathematical skills to generate financial forecasts, to marketing managers, who draw upon their creativity to manage advertising and sales efforts.
If you are interested in pursuing a degree in Business and Management, there are dozens of potential fields of study to choose from, including:
- Advertising
- Entrepreneurship
- Hospitality Management
- Information Systems Management
- International Business
- Nonprofit Management
- Operations Management
- Public Administration
- Sales Management
- Supply Chain Management
And if you’re looking for more of a non-specialized foundation in the principles of Business and Management, there are also general business degrees that don’t require you to choose a concentration.
Read Also: 5 Critical Business Growth Tips That Can Catapult Your Success
Benefits of Business and Management Degrees
A degree in Business and Management will prepare you for a variety of different possible career paths and with a degree in this field, you’ll always be in demand.
That’s because the skills you’ll gain in a Business and Management program are extremely transferrable, which means that they will be useful in many different industries. That gives you an amazing amount of flexibility if you decide that you want to shift to a different industry or role.
You’ll also have great earning potential with these degrees, especially if you complete a graduate program at a top school. Working in finance or as a chief executive, you could even end up taking home a six-figure salary with your Business and Management degree!
Future of Business and Management
Like many other fields, Business and Management is feeling the impact of technological advances. With big data and artificial intelligence allowing many tasks to be automated, the nature of business is changing every day.
But while most Business and Management specializations are not going to experience dramatic growth in the next decade, the outlook is generally positive according to projections from the Bureau of Labor Statistics. In fact, most job titles in business-related fields are expected to experience steadily increasing demand, keeping pace with the average rate of growth for all jobs.
