A business degree serves as the key to a wide variety of careers in several growing fields. Consecutively, the business field of study offers several different educational options to choose from.
When choosing a major, personal interests are important, as well as the skills you have already developed or that are naturally a strength for you. But, which are those different types of business degrees, and what do they offer? Let’s find out.
Most Common Types of Business Majors
Understanding the courses associated with each business degree is beneficial when evaluating the best business degrees for you. Knowing what these common business degrees entail may help you narrow down your choices.
1. Business Management
A degree in Business Management will provide you with a comprehensive, interdisciplinary foundation in key business areas such as accounting, sales, management, and organizational leadership. As a graduate degree, the program focuses on studying business management principles and their application in real-world work environments.
Fundamental courses:
- Law & Ethics
- Globalization & the World Economy
- Introduction to Financial Management
2. Marketing
To work in marketing, one needs to have the creativity to develop unique and innovative advertisements that stick in the minds of the audience they’re targeting. In addition, one may also handle product promotion and consumer research to achieve corporate objectives such as increased sales, brand awareness, and customer retention. Students in a marketing degree program learn how to make a message stand out from the rest by understanding what makes an audience react and how to best communicate with them.
Fundamental courses:
- Market Research
- Consumer Behavior
- Brand Management
3. Accounting
Working in accounting means knowing your way around maths and drawing results from numbers. By studying accounting, students learn about generally accepted accounting principles, tax law, the process of handling financial data, and how it affects corporate operations. Most program subjects overlap with other finance-based courses and cover areas such as quantitative analytics and mathematics.
Fundamental courses:
- Managerial Accounting
- Accounting Information Systems
- Payroll Accounting
4. Economics & Finance
An economics degree helps prepare students for analyzing and forecasting economic trends to improve business operations and performance. Students who study finance gain a better understanding of economics and finance fundamental principles and theories and the ability to do quantitative data analysis using cutting-edge technology and software. As a result, students are likely to pursue careers in the finance sector, accounting, and investment.
Fundamental courses:
- Financial Analysis
- International Economics
- Introduction to Statistics
5. Entrepreneurship
An entrepreneurship program seeks to prepare career-focused students with comprehensive knowledge of business principles and offer subjects to learn the critical content areas of management, marketing, finance, accounting, economics, and law. Students can learn about real-world challenges that affect entrepreneurs in this type of curriculum, preparing them for leadership roles in various industries.
Fundamental courses:
- Research Methods
- Leadership & Organization
- Financial Management
6. Operations Management
The operations management department is involved in tracking the transformation processes that take place to create products and services in today’s modern industry and managing supply chain networks and staff. From cost-control management to industrial labor relations, a degree in this field of business focuses on the different real-world issues that affect the effectiveness of operations.
Fundamental courses:
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- Project Management
- Transportation and Delivery Logistics
- Purchasing and Vendor Management
7. Human Resources
For those interested in working in human resources, this specialization provides that unique opportunity. A program in human resources provides industry-focused courses on topics from human asset management, conflict resolution, and the development of the personnel selection process for a specific position to the establishment of performance standards.
Fundamental courses:
- Behavioral Science.
- Performance Management and Assessment
- Employee Training and Development
8. Supply Chain Management
This program blends a general business administration curriculum with specialization courses to prepare students to handle the complexities of managing a worldwide supply chain ensuring that a company’s operations run smoothly. This degree prepares students for management, analytic, and entrepreneurial positions.
Fundamental courses:
- Inventory Management
- Supply Chain Risk
- International Business
These specializations illustrate how diverse and ever-evolving the field of business can be. Knowing what each program offers and what business area they target, we hope to have led you towards the degree that fits you best and help you towards a successful career.