When people talk about college, many think of the many degrees they can take. One of the more famous degrees people take in the United States and the world is business management. Experts estimate that there were 400,000 business management graduates in 2019. Annually, they estimate that about 300,000 people graduate from such a program.
With a growing number of students graduating from this course, many start to think that it’s not worth it. There’s just too much competition to take the risk, and it’s better to take other courses with more practical uses in the modern world, such as IT. However, business management is still a worthwhile course to accept and even worth the risk in the future. But first, let’s talk about competition.
Competition in Business
As stated earlier, business management has one of the highest numbers of graduates every year. Many consider this the first in terms of the number of graduates in some countries like the United States. But it is a fundamental degree nonetheless.
On average, about 600,000 new small businesses open every yhear. If you do the math, only a year’s worth of graduates can fill the big gap in managers in the market. So many small businesses owners turn to less qualified applicants for the management role, which isn’t very good for your business. Some experts believe this is why thousands of small businesses close every year.
Some businesses find ways to manage their companies efficiently by using specific software tools like SAP. And because of this, some businesses work with an SAP Business One implementation partner. Essentially, these companies help a company manage its numbers. However, any business still requires someone to create meaningful decisions out of it. The most influential decision-makers in a company are those who completed a business degree.
So if you think that business management isn’t worth it because of the growing competition, think again. Thousands of small businesses require your expertise, and you can be the main reason for their success.
It’s a Course That’ll Let You Learn Everything.
One of the main reasons people take business management is that it’s such a good stepping stone to other career paths, even to paths that aren’t business-related. It teaches you a lot about leadership, mathematics, statistics, decision-making, and many other subjects you wouldn’t have otherwise learned if you took another degree.
It’s such a great all-around course, and it’s suitable for anyone who doesn’t know what they want in the future just yet. Once you’ve graduated, you have the opportunity to enter one of the biggest industries in the world. You’ll have access to so many jobs, and although it’s pretty competitive, everyone is always hiring.
If you want to pursue higher education, you’re also free to do so. Because of business management’s versatility, you can take almost any master’s degree you want to take.
Management Skills
Business management teaches you many skills, but there is no other skill that is more coveted in any industry than management skills. Not many can pick up this skill without pursuing business management, and those who do require years of trial and error before they can get the hang of it. But if you take this course, you can quickly pick it up.
This is one of the reasons why many goal-oriented students take a couple of units in business management, despite being in the fields of social studies or even the sciences. It’s such a fantastic skill you’ll need if you want to climb that social ladder, and it will give you an edge against the competition.
A Good Future
Lastly, people take business management because it’s a sure way to have a promising future. Sure, you might be stuck as an intern for a year or maybe a manager for five years, but there is always an opportunity for you to grow. You’re always aiming high once you’ve graduated from this course, taking new positions if you’ve proven yourself enough.
It’s a career that will reward you for your hard work, and it’s a never-ending one. There will always be newer positions on top of you. As more people retire or look for other opportunities in the market, the more likely you will take up those positions in the future.
Many think that business management is not a worthwhile course. But unlike many other degrees out there, it can teach you a variety of things that’s not only good in your field but your life as well. If you want a rewarding career and one that pays you for your hard work, there is no better career than business management.
