The world of business has changed and today, globalization is the new normal. Sushi-burritos are a thing, apps can bring you hundreds of languages at the touch of your fingertips, and cryptocurrency is giving money a run for its money. Whether you are planning to enter fashion or finance, or something in-between, here are six key reasons why you should study business and how it can open a world of possibilities for you.
1. Develop crucial communication skills
Writing a convincing report or presenting a winning pitch–and even drafting the right email–requires having excellent communication skills. Whilst studying business you will work alongside students from around the world on a range of challenging projects. Your views and experiences will be different, and may even clash. To get the grade you’ll have to analyze cases, diplomatically respond to conflicting opinions, and master the art of making your point.
2. Marketing 101: Know your audience
Teachers share ideas to inspire students, politicians run campaigns to win support, a job applicant has to sell their skill set to get the position. Making your idea (or application) stand out is no easy task, but taking classes in marketing can teach you to understand your audience and how you can creatively appeal to them. This will serve you particularly well when trying to get buy-in from your peers, colleagues, or investors.
3. Accounting and budgeting: Don’t fall short
Many great businesses fail to succeed due to poor financial management. Don’t let financial concepts scare you off from starting your own venture. Studying business will run you through the basics of accounting so you are confident and equipped to drive your business performance forward.
4. Unlock the entrepreneur inside you: Leave your mark on the world
More and more, students go to business school to learn how to launch their dream business. Being your own boss has many perks, but becoming a successful entrepreneur demands creativity, innovation, and a strong execution strategy. Going to the right business school will develop your entrepreneurial skills and enable you to test launch your ideas. Who knows you may even meet your future business partner in class.
5. Investment & finance: Learn what makes the world go round
For a lot of big purchases–buying a house, car, or business school degree–you may look to financial loans as an option. How do you decide when it is safe to borrow? Or similarly, you may reach a point in your life when you want to invest in stocks, bonds, or real estate. What should you invest in and what factors should you consider? Choosing a business degree will give you a good understanding of basic economic principles, how markets are affected by world events, and how to assess a firms’ financial health. Combined, this can help you make better-informed investment decisions and ultimately, how to achieve a higher ROI.
6. Project management: A skill for every sector
Are you tasked with having to manage operational logistics or complex projects? Whether you work in the music industry, military, or not-for-profit sector studying a business degree can strengthen your project management capabilities. Through working on live business challenges, you’ll learn to solve problems and prioritize resources through taking an analytical, cost-effective approach. You’ll also use project management tools to map responsibilities and ensure you meet deadlines.
Why study business? To be relevantly connected. To be part of the global generation. Most of all, to set yourself up for any future imaginable.