7 Benefits of Being a Business Major
The world of the business major is one of the best to draw from if you’ve ever asked the question, “How am I going to possibly use this stuff in the real world?” That’s a recurring theme for high school and college students, and it doesn’t take long to get an answer if you major in business.
In the following article, we’ll be sharing the 7 biggest benefits of becoming a business major. If you’re on the fence, consider each of these very closely. Let’s begin!
1. It Offers Flexibility in the Job Search
There’s a lot of debate about whether business majors have an easier time finding jobs but it really depends on the type of business you’re looking for. A business major focuses on skills that are transferable to a variety of industries and, as a result, have a broader range of opportunities to choose from.
The bottom line is this: with a broader range to draw from, you have more possibilities upon graduation. The saying, “the riches are in the niches” holds true, but you’re unlimited into which field you decide to drill down. Just approach these opportunities with the mindset that you’re going to throw yourself into whichever career path you choose.
2. Everyone Is a Networking Opportunity
Business majors have the opportunity to meet a lot of different people with different skill sets. You may meet a future employee, a future business partner, or a future investor in your business. It’s also important that you’re able to communicate with a lot of different people in a lot of different situations.
As a business major, you’ll get to learn from people from all different walks of life. The business world is a diverse place and it’s important to be aware of this. As a business major, you’ll have the opportunity to learn from many different viewpoints and perspectives.
3. You Will Likely Earn More
Business majors can earn more money than other majors. According to the Bureau of Labor Statistics, the median salary for business majors was over $60,000 in 2015. In comparison, the median salary for communications majors was just $48,000 and the median salary for English majors was just $42,000.
Business students are taught that it’s important to ask themselves, “What is this going to do for my career?” or, “How is this going to help me earn money?” when they’re choosing classes or deciding on a major.
High-earning business majors are more interested in the earning potential in every field of study, and they’re also more likely to think outside the box and come up with unique ways to generate income.
4. It’s Great for Crossover Skills
Business majors should focus on soft skills like team building, communication, and leadership. These are the skills that will take you a long way in life and will help you in your business career, whether you’re an entrepreneur or an employee.
Most all of the skills that you learn in business school can be directly transferred to a career in the real world. Whether you’re working in finance, consulting, marketing, or operations, your business skills will be directly transferable to the real world.
You can always worry about learning the intricacies of an industry when you start working in it. An employer might even offer opportunities to work for them as you continue your education on more industry-specific knowledge. The soft skills, though, are what get you hired.
5. You Will Always Have a Chance to Practice What You Have Learned
People who study business are always thinking about the next step. They’re always thinking about how to apply this to the real world. They’re always thinking about how to take this information and use it to make money and get an edge.
Business majors are taught to think about the problem in front of them and then figure out the best way to solve it. It’s practical. They know that whatever they learn in school, there will be a use for it in the real world. Business majors are taught to think beyond theory, beyond the textbook, and to look at how the theories learned can be applied.
“The proof is in the pudding,” or “Put your money where your mouth is,” are two worn adages that make perfect sense to the business major. The hardest part these students have is fighting the urge to drop out when the inspiration for a great idea strikes them!
6. It Gives You More of the Skills Necessary to Be On Your Own
Most business students are independent thinkers and are given a lot of responsibility in the classroom, which helps them develop the skills they need to succeed later on in life. A great number of business majors do not think of themselves as future employees but future employers.
Entrepreneurship is about more than just starting your own business. It’s about taking responsibility for the outcome of your actions and having the confidence to keep trying even when things don’t go your way. It’s about having the drive to succeed and never giving up.
Business majors possess the abilities, the stick-to-it-iveness, and the knowledge to forge their own paths in life. If you get bored in a job easily or envision yourself in charge of your fate, then you might be a business major!
7. And the Job Market Is Lit
If you’re a business major, it’s a good time to be in the job market. The job market for business majors is much better than it is for other majors and business schools have a good reputation. However, if you want to stand out, you need to focus on internships and networking during your undergraduate studies.
Business students should focus on developing their communication skills because they’ll be asked to speak in public and in front of large groups of people, and they’ll need to be able to articulate their ideas and explain their thoughts in a clear, concise way. There are a lot of great business schools out there, but the best ones are the ones that are the perfect fit for you.
A few of the top names include the Kelley School of Business at Indiana University, Northwestern’s Kellogg School of Management, and New York University’s Stern School of Business.
Consider Becoming a Business Major If You Are Struggling to Choose a Major
Being a business major can put you in contact with a lot of key decision-makers and future company-builders. It’s a great way to position yourself for the world ahead, especially in an age when starting a business is easier than it’s ever been before. Good luck as you set out on your journey!
[Featured Image by The Blue Diamond Gallery, Creative Commons License]