Earn More Money
Let's face it...when you study an undergraduate business degree, you will not only learn essential business management skills and knowledge, but you will also get attractive job opportunities with high salaries. After your graduation, your average earnings will be around $54,000, according to a 2014 study by NACE (National Association of Colleges and Employers). Moreover, students at the top-ranked universities and B-schools can expect around $60,000 as starting salary.
For instance, the graduates at the Ross School of Business of the University of Michigan, received an average starting salary of more than $63,129. Lynn Wooten, associate dean of the Ross School of Business, said,
“Parents want students to invest in a degree that will have value, and a certain group of parents think that an undergraduate business degree will have a good return on investment.”
Apart from earning more money, you will get several other benefits by studying a Bachelor’s in Business Administration (BBA) degree, which you might not initially identify when you join your business course. It will provide you the necessary confidence and enable you to climb the career ladder much faster, learn how business actually works and gain a deeper understanding of the industry and the international market.
But will your undergraduate business degree or diploma pay off down the line? According to a 2014 report published by the Federal Reserve Bank of New York, it does pay. Business graduates tend to earn a 17% return on their degrees for almost a decade, which is much more than the return available in other degrees like education, hospitality, leisure and liberal arts, as per the report. If you decide to pursue an MBA after your graduation, then you will experience even higher salary growths and better career development. A 2011 study by the Georgetown Center on Education and the Workforce found that over 21% of individuals acquire a graduate degree, and boost their income by almost 40%.
Lawrence Murray, director of the undergraduate program at the Kenan-Flagler Business School of the University of North Carolina, said,
”I think you can see the differences in starting salaries from a business major and minor to a non-business student. In some cases, those differences are stark.”
A Better Study Option
However, the fact remains pursuing an undergraduate business degree requires a lot of money investment and results in a hefty student debt, which you will need to repay for years to come. Moreover, as you will spend most of your time inside a classroom, you will not be able to gain relevant work experience. If you ask me, in this scenario one of the best and most effective options for you is to study an online undergraduate Level 5 diploma .
Online business diploma courses are highly affordable and offer you quality education with excellent flexibility and convenience. Hence, you will not only acquire comprehensive business knowledge, but you will also be able to avoid student loans and do a full time or part time job simultaneously. As most reputed employers worldwide are now recognising and accepting online business degrees, you will surely get excellent job opportunities and rise up to leadership positions.
Build Your Career
So if you are planning to build a successful career and earn high salaries, then I would suggest studying an online undergraduate Level 5 diploma in management , will empower you to achieve your career goals in an easier and more efficient way.
What do you think? Feel free to share your thoughts and opinions with me by commenting below. I would love to hear from you.
Sources - bit.ly/1RtAm3X , bit.ly/1CzHjKb