How Beneficial Is a Degree in Business Management?

Degrees in business management provide greater opportunities in the job market. Business management graduates learn the critical-thinking, decision-making and problem-solving skills needed to manage any organization.
  1. Increased Job Opportunities

    • According to the U.S. Bureau of Labor Statistics (BLS), there are limited positions in business management. The BLS expects a 13 percent increase in job opportunities through 2018. This means applicants in this field will face intense competition for the limited number of available high-level positions. College graduates with a degree in business have the best job opportunities in this field.

    Higher Wages

    • The BLS reports the highest 2008 median wage for marketing managers was $127,870 annually, $125,130 for sales managers. According to a 2008 National Association of Colleges and Employers (NACE) report, business graduates with a concentration in accounting, finance and marketing can expect an average starting salary from $43,325 to $49,940.

    Considerations

    • Business management degrees cover all aspects of business functions, from financing to marketing; therefore, careful consideration is necessary when choosing a business concentration. Marketing and sales positions often require a concentration in marketing, while advertising management positions tend to require a concentration in advertising or journalism.

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