When we look at the best business degrees, this fact doesn’t come as much of a surprise.
Did you know that Business is one of the five most popular majors for first-year college students?
In this article, we’ll look at some of the highest-paying business majors to answer the big question, “What is the best business degree?”
What is a degree in business?
There is more than one answer to the question of what a business degree is.
There are a lot of different business degrees you can get, depending on your interests, career goals, and the level of education you want to get.
Students can choose from associate’s, bachelor’s, master’s, and doctoral degrees when it comes to the best business degrees.
Usually, an associate’s or bachelor’s degree is enough for entry-level jobs.
But if you want to work in a high-level or leadership position.
You’ll need a master’s degree, like a master’s in business administration, or a doctoral degree in the field.
Depending on what you want to do in business, courses and degrees will be different.
But as a general rule, it’s safe to say that any major that focuses on business will give students the knowledge and skills they need to work in the business field.
A business degree is a surefire way to get a job in human resources, accounting, marketing, management, or any other field.
The 7 Best Business Degrees to Get and Improve your Life
Let’s take a look at some of the most lucrative majors in the business school, shall we?
- Business Management
- Human Resources (HR)
- Supply Chain Management
- Business Administration
Students who get a degree in accounting learn how to make financial reports, follow accounting standards and practices, and even do audits.
Undergraduate business programs usually include classes like tax accounting, forensic accounting, and financial accounting, among others.
If you want to work as a certified public accountant (CPA), you will need to keep going to school and get a postgraduate degree, as well as get certified.
In the United States, the average salary for an accountant is $73,560 per year.
2. Business Management
The goal of business management is to make sure that business practices and operations run smoothly.
Students who get degrees in management learn the skills they need to work as managers, from assistant managers to the top levels of executive management.
Students can choose their own area of focus in the field of management, like sales management or operations management.
Salaries for management positions vary a lot depending on the job title, location, and company.
But 1Salary says that the average manager salary in the United States is $150,776.
3. Human resources
Human resources professionals are in charge of taking care of employees and making sure they get paid and have benefits.
In this degree program, students will learn about, among other things, payroll management, training and development, and labor laws.
HR majors can go on to work as human resources specialists, managers, or directors if they know these things.
According to Glassdoor, the average salary for a human resources professional is $65,218.
Economics is the study of how businesses and the economy as a whole allocate and use resources.
Students in economics will take classes like microeconomics, macroeconomics, managerial economics, accounting, mathematics, operations research, and more.
Even though economics is a business degree, it has a lot more to do with math and theory than with actual business.
People with degrees in economics can work in many different kinds of business jobs because of their education.
Or, they can go in the direction of becoming an economist.
Economists make an average of $108,350 a year, which is why this degree is on this list of the best-paying business degrees.
Do you want to own and run your own business one day?
If that’s the case, a major in entrepreneurship can help you learn what you’ll need to know.
You can expect to learn how to make a business plan, how to get funding, how to plan for new business ventures, and how to launch new products if you study entrepreneurship.
With this degree, you can, among other things, start your own business or work for a venture capital firm.
According to CareerExplorer, the average salary of an entrepreneur in the United States is $43,240.
But if you can build a successful business, you could make as much money as you want.
6. Supply Chain Management
When people get degrees in supply chain management, they learn about economics, logistics, and finance.
Students in these business classes learn how to handle logistics and deal with problems by learning how to solve them.
Students learn how to analyze data, make presentations, and keep track of inventory.
A supply chain manager makes an average of $116,514 per year.
7. Business Administration
People who study business administration learn everything there is to know about how a business works.
The classes cover basics like accounting, marketing, and money.
Students learn how to solve problems, think critically, and make business decisions that are moral.
With a degree in business administration, a person can go into many different types of jobs, such as consulting, managing human resources, marketing, public relations, and more.
A business administrator’s average base salary is $56,693.
But this major gives students the skills they need to work in the higher-paying jobs listed in this article.
This is especially true for people who get a master’s degree in business administration (MBA).
Here, you can learn more about what you learn in business school.
Online Business Classes You Can Attend
You can take online business classes to get your degree. Anyone who wants to get one of the best business degrees can do so online.
You can search for the program you want to find online schools that offer degrees.
One of these is the University of the People, for example.
Students can get an associate’s, bachelor’s, or master’s degree in business administration from our fully online, accredited university.
And if you’re not ready to go all the way and get a degree, you can get a certificate in the field to either brush up on your skills or add qualifications to your resume.
All of the programs at the University of the People are free, so you can get a higher education without going into debt.
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Now that you have a list of the best business degrees and the business degrees that pay the most, you can make a decision.
What do you find most interesting about business? What kind of business job would you like to have?
Depending on how you answer these questions, you can then choose your business major and start learning.
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