There are many reasons why people pursue a degree in business. For some, it’s the easy path through college when they are still uncertain about their career plans. For others, it’s a stepping stone to help them climb the corporate ladder until they become a CEO. Other students may look at it as the beginning of a flexible career path that can give them essential skills while also making them a good job candidate later on. No matter the reasoning, if you love business, here are some of the benefits of pursuing a Bachelor’s, Master’s, or even Doctoral degree in business.
Flexible Career Opportunities
Some people just aren’t sure what they want to be when they grow up and they realize that getting a degree in business can give them more flexibility than something like a chemistry degree could offer. Just a bachelor’s degree in business can open opportunities for people to work for big companies in sales, management, or even as a business data analyst. It can also open up options for working in online business by doing SEO or even copywriting. Higher education allows them to get a foot in the door, earn a good salary, and start getting experience under their belts.
Higher Earning Potential
In the business world, higher education typically equates to higher earning potential. Those with a DBA degree will have more earning potential than those with an MBA degree or just a bachelor’s degree. While money isn’t everything, these higher degrees in business can also unlock parts of the corporate ladder previously unavailable to business professionals. For those with their sights set on being a CEO, more education can be a critical juncture in their career path.
Important Networking Prospects
College opens up networking opportunities that you wouldn’t have otherwise. The professors themselves are often well-known in the business world and have connections that can help their students get their foot in the door through internships and other entry-level roles. When pursuing an MBA or DBA, these connections can be especially important.
The old adage that it’s not what you know, but it’s who you know is true in part. Just being smart and well informed doesn’t always land you the interview or get you in front of the right people. In business, it’s critical to make connections and network with others so you can navigate your career trajectory.
Make a Name for Yourself
Want to be known for your expertise in marketing, international business, or another field? Pursuing a doctorate can help you make a name for yourself. Researching and writing your dissertation will put your name on the map. Because of the work you do, your papers will become the standard in the industry. As you develop your ideas and create your work, your name will be spoken of in academic circles, especially if you come to any groundbreaking conclusions.
Focus on an Area You’re Passionate About
Higher education helps you focus on the areas you’re most passionate about. While an undergraduate degree provides some opportunities for this, going on to get a master’s degree or doctorate degree gives you more opportunities to pursue the topics you are most excited about. Learning is done best when you can learn about the things you love. Pursuing higher education in business helps you to do just that. Whether you want to focus on the sales or the marketing side, there is a lot to learn in business school.
Become a Leader in the Industry
Education helps you become a leader in the industry. While you can build a business from the ground up with no formal higher education, it’s harder to become a thought leader without some form of higher education. If you want your books, ideas, and processes to become standards in the industry, you’ll need to do more than a TED Talk on your favorite topic.
Becoming a leader means that you are willing to learn old ways, and then also come up with new ones. As the business landscape evolves, there will always be room for people who can push the boundaries to help corporations expand, help create international opportunities, and who are willing to try new things. While academics are only a portion of that, they can accelerate the process of getting you known in business circles as a leader who knows his or her stuff.