Many students choose to major in a business-related field in school. There are many reasons this is such a popular choice, including the high starting salary that so many new graduates start out with.
The Appeal of a Business Degree
Some students consider this to be a safe major because it’s so practical. Every company, no matter their industry, relies on tried and true practices to do well. If you have a strong background in business, not only will you be prepared to start your own organization, but you will also be able to excel at many types of jobs in a range of industries. That means you’ll likely always have job opportunities because employers rely on individuals who can manage, plan, and organize. Because of the high demand for business graduates, you might enjoy a high starting salary. That’s why so many people choose to spend the money on a graduate degree. Even if you never go past undergraduate, however, you will likely still be pulling in a good amount of money each year if you find a great position. Of course, if you choose a more advanced degree after undergrad, you might just be able to land a management position. For example, Chief Finance Officers and Chief Executive Officers can both offer you extremely lucrative salaries.
Opportunity to Specialize
Just because you choose a business degree doesn’t mean it’ll be easy. This field has more opportunities to specialize than many other majors. This can be both a blessing and a curse. It can be hard for some students who aren’t sure what they want to do. But it does give you a little bit more time. For example, you can start your general business classes now. Once you’re further into the degree and know what you like and don’t, you can choose a specialization. That way, you can get something that fits your career goals and personality. For example, many students choose from areas such as:
- Finance
- Accounting
- Human resources
- Nonprofits
- Marketing
- Management
- Entrepreneurship
- Real estate
Paying for Your Degree
Many people find the cost of a business degree is well worth the cost. But what if you don’t have enough money to pay for it now? Taking out loans now may be a good option so you can get your degree now and get started on that lucrative job. But if your family members don’t want to co-sign with you, federal student loans can quickly get maxed out. The good news is that taking out a private student loan without a co-signer is easier than you think. Choosing the right lender lets you take it out on your own.
Going the Entrepreneurship Path
If the idea of working for someone else doesn’t appeal to you, then you might think about starting your own business after graduation. Many degree programs, whether you are doing graduate or undergraduate, offer core courses in essential areas such as accounting and management. The skills you will gain from these classes can set a strong foundation if you want to start your own company later.
