Although some people like Mark Zuckerberg drop out of college to start a business, most of the success stories in the business world come from college graduates. Jeff Bezos, who started Amazon, graduated with a bachelor’s degree, and so did Jerry Yang, who started Yahoo. Other bachelor degree graduates include J.W. Marriott, who founded Marriott Hotels, and Larry Page, who co-founded Google. If you want to run a better business, consider getting a bachelor’s degree in business administration.
Benefits of a business administration degree
According to Maryville University, having a business administration degree can lead to a “higher earning potential.” The average salary for professionals with this type of degree is $66,530. In addition, this segment of the market is expected to grow, and an estimated 632,400 jobs will be added in the next 10 years. Whether you start your own business or join a company, there are many opportunities for business administration graduates.
Practical applications
One of the main reasons why people get a business administration degree is to apply the skills and knowledge to their businesses. While you are in school, you get the chance to test and use many tools that can make running a business easier. For instance, some students learn how to use QuickBooks to manage their accounting, or they test out RescueTime software for better time management. Studying business administration can help you understand marketing, sales, accounting, management and other areas.
A degree in business administration creates a foundation for you to build on for the rest of your career. You gain knowledge in business law, statistics, finances and other subjects that you can apply directly to running a company. From understanding basic principles of economics to figuring out cash flow, an education is a crucial part of the process.
Leadership opportunities
When you have a degree, you are more likely to find yourself in a leadership position. From starting your own company to joining a large corporation, education can provide you with the necessary skills to lead a team. You will be able to motivate people and bring out the best in them. In addition, you will have a clear vision for the business and be able to execute it.
Communication advantages
A successful businessperson has to be able to communicate effectively. You must be able to convey your knowledge and ideas with ease. Additionally, it is important to listen and understand others. One of the advantages of getting a degree is that it teaches you how to communicate well. You have to be able to handle everyone from customers to employees, and each person requires a different type of language. Tact and talent are necessary for effective business communication.
If you want to build a successful business, then consider getting a degree in business administration. Not only will you gain knowledge about topics ranging from accounting to management, but you will also have the chance to apply them in the real world. A degree can set you up for an incredible career.
