Whether you have a business career in mind or are still undecided on what your future holds, studying business can open up a whole host of opportunities.
With business topping the list of the most popular UK degrees, it should come as no surprise that there are a whole host of reasons people choose to study this diverse and interesting subject. From the financial benefits to the transferable skills, find out why you should take on a business studies course today.
1. It opens up your career options
One of the best parts of embarking on a business course is that it can open up various career options. Whichever sector you are interested in, whether it’s retail, advertising or IT, studying business can prepare you for a range of roles, You can even combine your love of business with another interest of yours. If you love animals, for example, you can take on a business management role at an animal shelter.
Alongside learning practical business skills such as statistics, marketing and budgeting, you will learn how to work well within a team and gain excellent communication and management skills. These are valuable in every workplace, which is why a business degree is one of the top 5 most desired qualifications for employers across all sectors.
Even if you don’t work in the business management side of a company understanding the organisational side of things will help you to understand how your role fits into the business as a whole.
Unrelated careers which aren’t in the field of business and management directly can also greatly benefit your employability, as business courses include many transferable skills such as communication, problem-solving skills and decision making.
Top Transferable Skills
2. You can specialise in a range of areas
If you are primarily interested in one business area, such as project management, accountancy or business administration, you can choose to specialise further. There are various courses available both online and in institutions all over the UK, so you can enjoy the flexibility of choosing what to study and also fit your study around your current work and life commitments.
Some of the business courses available here at CoursesOnline include a Level 5 Diploma in Business and Management, a Higher National Diploma in Business, Accounting and Finance, and you can even enrol in an MBA program.
These are just a few examples of business courses available, many of which can be done entirely online so you can save money on travel and accommodation, maintain your current commitments and learn all about business at a pace that suits you.
3. You’ll reap the financial rewards
It’s no secret that businesses like to make money, and if you work for a successful company you might take home a hefty paycheck. Suppose you are an integral part of the business, such as a business manager or a team leader. In that case, you can enjoy a salary of around £30K to £50K per year, with some business graduates earning up to £70K annually.
Of course, it’s not all about the finances, but it is always nice to be rewarded for your hard work and in the business world, this is often a lot easier. If you love meeting targets and seeing your bank account active, then business management may be for you.
Due to the financial rewards, there is also the possibility of more work/life balance, as you have the funds and ability to travel or do activities with the family to allow for a proper break from work when you need it.
4. You can be your own boss
If you have always dreamed of going on Dragons Den, have an excellent business idea or are an aspiring entrepreneur, then studying business can help you achieve your dream. Unlike many other areas of study which prepare you solely for life in a specific career, with a business studies course you can learn about how to build your own business and be your own boss.
Alongside learning about the basics of business, finance and management, a business course will teach you key things to succeed as an entrepreneur, such as networking, time management and pitching to external companies. Using these skills, you can build your own business plan and manage your dream business with some time and experience.
Why not find out tips on how to become your own boss by reading our article The Top 7 Skills You Need To Become A Successful Entrepreneur?
5. You’ll enjoy interesting & engaging learning
Whether you choose to study for a business degree at university or a through business and management course online, you’ll be immersed in an engaging learning environment.
Although some people may think areas of business such as accounting aren’t as exciting to study, many institutions actually find ways of livening up the course material to help you connect more with the material.
For example, many business studies courses employ real case examples of businesses, including their strategies, successes, pitfalls and more, so you can connect what you are learning to real-life cases. As well as this, assignments and teaching tools also tend to be very diverse, with group work activities, solo assignments and research essays.
6. You can take your skills abroad
Business courses don’t just teach transferable skills for you to take in other career paths, but skills that are in high demand worldwide. If you plan to be an international student and take your studies abroad, or even work in another country, then having a business background is greatly desired.
This is partly because the basics of business and understanding of the economy are essential to businesses worldwide. Most business courses also have at least a partial focus on the global economy, trade and international business models, meaning that you will have a head start if you study or work abroad.
If you’re keen to look for work overseas, we’ve compiled a list of the top places to find work in Europe, ranked by the number of job vacancies.
7. You’ll receive real industry experience
Last, but certainly not least, when you study business you will likely have the opportunity to gain practical work experience whilst you study. Many universities and business schools offer work placements in various organisations as lots of companies are keen to get more business-savvy staff on board.
Suppose you aren’t at a university but are studying online. In that case, look at blended or online courses that offer placement modules, or reach out to businesses to see if you can get some experience in a business environment whilst you learn. This mix of theoretical and practical skills is invaluable for working in business, especially if you go on to become your own boss!