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20 Best Business Majors for the Future University of the Potomac
In addition, such a degree choice will help you develop your interpersonal and leadership skills. A business management degree provides students with a broad-based management education and helps develop business expertise across a wide range of subject areas. The curriculum gives students a solid understanding of business, finance, economics, and marketing. This education is paired with internships, giving students a practical and well-rounded skillset they can take with them into any workplace.
If you are a skilled mathematician who is passionate about analyzing data and solving problems, this major will probably suit you. These professionals operate small businesses or major corporations, and they analyze a business’s strengths and weaknesses, figure out the best ways to make a profit, and steer companies through difficult situations. Furthermore, those trained in this discipline have a pretty promising career outlook. It is estimated that an additional 22 million jobs will be added to the sector by 2027, representing an estimated 33% growth rate for this industry. At DeVry, our Bachelor’s Degree in Management offers core courses in financial accounting, business analytics, principles of management, plus many others. Traditional management is a hierarchy of employees, with low, mid, and senior-level management.
As a business management professional, you will be responsible for understanding the organization's key objectives and developing a plan to accomplish them. This can include identifying key tasks, delegating to employees, allocating resources and setting budgets and timelines. Business management encompasses many fundamental tasks involved in the administration and operation of an organization. As virtually every company and industry requires some degree of business management, it’s no surprise that the opportunities in this field can be broad and varied.
To do what is business management major , business managers often apply strategic and financial planning for production and resource management to benefit the business. Finance managers oversee an organization’s finances, compile financial reports, monitor investment activities, determine an organization’s profitability, and develop financial strategies for the future. In addition to technical knowledge, financial managers are expected to possess strong analytical skills, be effective communicators, and be proficient in financial software such as Excel and Quickbooks. A management degree will prepare you for countless business management roles across a variety of industries.
Beyond those core skills, a career in business management also requires the ability to effectively communicate, build consensus and lead others, and have a strategic vision for the future. Joining student clubs and organizations is a great way to meet like-minded students; connect with local, national and international businesses; and build the skills you’ll need in your professional career. Enhance your academic experience by participating in a club related to your major or interests. In this article, we’ll go over the different types of business management degrees you can earn and the types of roles you can pursue after graduation.
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