Is a business degree worth it or not? (2023)

FAQs

Is a business degree worth it or not? ›

If you are a working professional who wants to advance your career in business, a business degree can be a gamechanger. A business degree can increase job prospects, create advancement opportunities, and increase your salary and lifetime income. It's a worthwhile investment in your career—now and into the future.

Obtaining a bachelor's degree in business management prepares you for jobs by equipping you with many management-related skills, such as how to manage employees, how to effectively communicate and how to create a strong teamwork mentality within your team.

Another benefit of choosing a business major is the earnings potential. According to the U.S. Bureau of Labor Statistics (BLS) , salaries for many occupations related to business were higher than those for all workers.

Business isn't just one of the easiest college majors — it's also the most popular major. You'll study core topics like accounting, management, and organizational behavior. You can specialize your skills with upper-level courses in logistics, training and development, or entrepreneurship.

Useful skills

In addition to useful hard skills, business degree courses help students to improve valuable soft skills, such as leadership, organization, communication and collaboration. Employers may seek these skills from job candidates when recruiting business graduates.

Yes, business administration is a good major because it dominates the list of most in-demand majors. Majoring in business administration may also prepare you for a wide-range of high-paying careers with above average growth prospects (U.S. Bureau of Labor Statistics).

No, a business major is not hard.

Like all majors, you are going to find that certain courses you take for your business major will be more difficult than others, but in general, this applies more to the amount of work you must complete for each course rather than the difficulty of learning the proper knowledge.

Although not guaranteed, earning an MBA can put you on the career path to earning a six-figure salary. MBA degrees typically lead to careers in management or business administration, and the skills learned in an MBA program can help you become a successful business leader.

What is the hardest business major? ›

A business degree gives you knowledge and skills that employers want and that translate across many roles and industries. You will have the opportunity to apply your education, grow your experience, and maybe even combine your passions in a variety of industries such as: Manufacturing. Health care.

As the most popular college major since 1980, business encompasses a variety of sub-disciplines, such as finance, accounting, and marketing. It's also considered to be one of the easiest college majors. With a business degree, you could also work in fields like healthcare, human resources, or public administration.

The lowest-paying college majors are in areas such as theology, social services, the performing arts, education, and leisure and hospitality, the data shows.

Science majors tend to have lower GPAs on average, with chemistry being the major with the lowest average GPA. Meanwhile, education majors earn the highest GPAs on average.

A Bachelor's in Business Administration gives you a solid foundation, along with real-life examples and experience that you can use to nurture your own business idea. Business Administration degree programs teach you the fundamentals of how big and small companies run and where they fit into the global marketplace.

Business-related majors, such as business administration, accounting, and finance, are some of the most popular majors for undergraduates, so spots for them are often in demand. This is especially true at schools with highly-ranked business programs, where students from all across the country will be vying for a spot.

For many aspiring business students, the most harrowing component of the entire experience is the math coursework. The business degree track requires students to take calculus, often a dreaded and difficult experience for many.

If you're a business major, then yes, you will need that seemingly frustrating mathematics. Mathematics is a necessity in every division of the business sector. Most business majors will choose math as their most dreaded course.

Do business majors have a lot of homework? ›

They also spend less time reading and writing than other majors. One analysis of 10 public four-year universities in Texas found that of the 40 courses needed for a business degree, only one required a writing assignment of 20 or more pages, and only three required assignments of at least 10 pages.

An associate degree in Business Administration lays a solid foundation for a business career. By earning this degree, you will be able to enter the workforce sooner, and if you decide to pursue more courses, you will likely be able to pick and choose ones that will advance and further your career.

The Ease of a Business Degree Without Math

Some of the degrees that require the least amount of math are BBA and Bachelor of Arts in Business Administration (BABA) – as opposed to science-intensive Bachelor of Science in Business Administration BSBA degrees – in certain majors and concentrations.

Learn more about common business majors and the associated career paths graduates may decide to pursue. Business is the most common major across all bachelor's degrees conferred, and business majors are among the most in-demand graduates [1, 2].

An economics degree ranks as one of the highest-paying bachelor's degrees. During an economics program, undergraduates study microeconomics, macroeconomics, and econometrics. In applied economics courses, participants learn how to analyze financial information and create projections.

Yes, you can make $100,000 per year as a business manager.

The chances of earning over $100k for a business manager are actually pretty good because the highest-paid business manager positions typically pay at least $144,000 per year.

Depending on the industry and your skill set, some of the highest-paying positions within business administration are Chief Financial Officers (CFOs), Chief Operations Officers (COOs), Chief Executive Officers (CEOs) and Marketing Managers.

Is Business Administration or Accounting Better? There is no definitive answer to this question. Business administration and accounting, although fairly similar, both have their own distinct qualities and even meeting points in the job market. The answer to which one is better, in this case, is subjective.

What is the #1 hardest major? ›

#1 Chemistry

According to the average Grade Point Average of students in the program, Chemistry wins the prize title hardest major. A Chemistry major overlaps somewhat with biology, but chemistry extends beyond living things.

Plentiful job opportunities and high entry-level salaries make certain fields more attractive. For example, business and health degrees account for nearly one-third of all undergraduate degrees. Both fields continue to experience strong employment growth, making it easier for students to secure jobs after graduation.

The most popular college majors in the United States are business, health, and social sciences, according to data from the National Center of Education Statistics (NCES). Of the 2 million bachelor's degrees conferred in the US during the 2019-2020 school year, these three majors made up almost 40 percent.

No, business is not a STEM major.

STEM stands for science, technology, engineering, and mathematics. Business is not a STEM major, but there are positions in the world of business that involve STEM-based skills. Some positions in business that involve STEM-based skills include: Financial Analyst.

For those interested in becoming business professionals, a degree in business is a necessity. While a baccalaureate is a minimum requirement for many jobs, those who are motivated to work their way up to more senior level positions and increase their earning potential should consider earning an MBA.

Engineering majors have the fewest regrets: Just 24 percent wish they'd chosen something different, according to a Federal Reserve survey.

There are many high-paying job opportunities available that pay $100K a year without a degree. Some of these jobs are real estate agent, risk manager, and sales consultant. For most common high-paying jobs without a degree, you'll need many years of work experience until you reach a level where you make six figures.

What are the most regretted and lowest paying college majors? ›

Regret is heavily influenced by salary.

The top three regretted majors, according to ZipRecruiter, are journalism (87%), sociology (72%), and liberal arts and general studies (72%). The top three regret-free majors, all above 70%, are computer and information sciences, criminology, and engineering.

The highest paying jobs in the U.S. are all in medicine, according to the Bureau of Labor Statistics. Chief executives and airline pilots are also among the highest paid professions.

After being admitted with a 3.0 or higher grade-point average (GPA), you must maintain a cumulative GPA of 2.0 to be considered in good academic standing. If your GPA falls below 2.0, you are in poor academic standing.

You should also have a 4.18 GPA or higher. If your GPA is lower than this, you need to compensate with a higher SAT/ACT score. For a school as selective as Harvard, you'll also need to impress them with the rest of your application. We'll cover those details next.

Unofficially, 2.0 is the lowest GPA accepted into a standard college, so while there's a chance that college admission is possible, it's not likely at more than a few institutions.

A business degree gives you knowledge and skills that employers want and that translate across many roles and industries. You will have the opportunity to apply your education, grow your experience, and maybe even combine your passions in a variety of industries such as: Manufacturing. Health care.

Creative freedom and personal satisfaction. As a business owner, you'll be able to work in a field that you really enjoy, and you'll gain personal satisfaction from watching your business succeed.

Generally, business degrees are designed to help students prepare for a wide range of positions and industries by introducing them to the fundamental aspects of business knowledge in accounting, finance, international business, marketing, human resources, operations and project management.

Will starting a business impact your personal life? ›

The hours and stress of running your own business can bring out the worst in your character, and your physical and emotional fatigue can leave your partner feeling isolated. This often hardest on female entrepreneurs who want to feel successful as wives and mothers outside of their business.

human resources, compliance, recruiting, and finance.

Entrepreneurs have independence, flexibility, and control, but the risk and reward of financial gain or loss falls on their shoulders as well. Business ownership requires sacrifice, determination, and resilience, including long hours and administrative burdens.

A business management degree can help prepare you for a range of career opportunities across numerous industries, including positions leading people. Graduates of business management degree programs can pursue careers in finance, human resources, information security, marketing and more.