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If you are considering earning a business degree, you may have asked questions such as, “Is a business degree worth it?” or “How useful is a business degree?” These are valid questions, since earning a degree requires time, dedication, money and hard work. However, there are many benefits that make a business degree worth considering.
What degree to consider depends on where you are in your educational journey. For example, if you are just out of high school or beginning your journey in higher education, you will want to explore bachelor’s degrees in business. If you have already completed a master’s degree, however, you may want to look into doctoral degrees. There are business programs offered at all three of these levels. Here are some of the benefits specific to each degree level:
Bachelor’s degrees in business are the door to the business world. There are many kinds of business bachelor’s degrees. The options span a range of fields, from finance and economics and hospitality management to sports management. These degrees can be pursued on campus or online from the comfort of your home.
In today’s increasingly competitive job market, a master’s degree can help you distinguish yourself as an especially valuable employee. Students have a choice of a Master of Business Administration (MBA) or a Master of Science (MS) degree with a specialization in business. Business master’s degrees are useful because they open up career opportunities in higher-level positions. Business graduates with a master’s can apply to become managers or executives. Most doctoral degree programs also require their applicants to have a master’s degree.
A doctoral degree marks completion of the highest level of education and carries great prestige. A Doctor of Business Administration (DBA) follows a master’s degree. A business doctoral degree allows a graduate to advance to the level of a top job. It can also boost one’s salary.
Business degrees have benefits at every level — bachelor’s, master’s and doctoral. For details on how a business degree can be useful to you, dive into these 10 things you can do with a business degree:
In today’s competitive job marketplace, it is essential for job candidates and business professionals seeking promotions to find ways to set themselves apart from the competition. A business degree helps qualify you for positions at diverse levels in your field of study. Since many higher-level jobs require higher education, a business degree gives you an edge in the corporate world. Graduates of a business degree program have knowledge and skills that employers know are valuable.
If you are interested in becoming a leader in your field, you may find that a business degree can be advantageous. Master’s and DBA programs are especially helpful in developing effective leadership skills. The coursework included in these business degree programs gives you the knowledge and experience necessary for being a good leader in the business world.
In addition, business degrees offer the opportunity to build your professional network. In a business degree program, you can meet people from all over the world and learn from their diverse perspectives. Both your professors and your peers can widen your knowledge as you grow professionally and academically.
A business degree allows you to expand your job opportunities. Not only does it qualify you for additional promotions, it also gives you the chance to work in a wider range of organizations, companies and businesses. For example, suppose your dream company requires you to have at least a master’s degree in business. If you earn that master’s degree in business, you can apply to work there — or take advantage of the newly enlarged pool of promotion opportunities available to you at your current workplace.
If you choose to study business, specialization is another way to advance your career. There are many specializations available at each degree level.
Some business bachelor’s degrees include:
Bachelor of Science (BS) in Accounting
Bachelor of Science in Business Administration (BSBA)
Bachelor of Science in Business Information Systems
Bachelor of Science in Marketing and Advertising
Bachelor of Science in Entrepreneurial Studies
Some business master's degrees include:
Master of Business Administration (MBA) with an Emphasis in Cybersecurity
Master of Business Administration with an Emphasis in Project Management
Master of Science in Information Technology Management
Master of Science in Business Analytics (MSBA)
Master of Science in Leadership with an Emphasis in Homeland Security and Emergency Management
Some business doctoral degrees include:
Doctor of Business Administration (DBA) in Data Analytics
Doctor of Business Administration in Management
Doctor of Business Administration in Marketing
In the process of completing your business degree, you will be increasing your abilities and skills. Each degree program gives you different insights and skills that are useful in your field. Some skills you can expect to acquire in a business program include:
If you want to increase your salary, you have good reason to consider earning a college degree. College degrees give you the opportunity to increase your salary and earning potential. With each additional degree level comes a significant increase in potential earnings.*
Sometimes managing your priorities while taking classes can be challenging. One of the benefits of a business degree program is that it is designed for professionals, with options to facilitate your success whatever your lifestyle. These degree offerings include:
Whether you are just starting your educational journey or already have a degree, experience is important to growing in your field. A business degree program can help you obtain experience in your field. For example, if you earn your MBA with an Emphasis in Finance, you can gain experience in developing financial strategies, investing, accounting, applying financial principles and managing.
Do you dream of running a business? Do you have an innovative idea or strategy you want to implement in your field? With a business degree, you will be equipped for entrepreneurship and innovation. Learn more about the Colangelo College of Business at GCU.
*Retrieved from Association of Public & Land-Grant Universities, How Does a College Degree Improve Graduates’ Employment and Earnings Potential? in June 2021
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