Is a business degree worth it? If you’re considering a degree program, it’s important to weigh your options and consider the initial cost of the education against your potential income. Whether it’s an undergrad or graduate degree, every student must decide what is the best return on investment and determine if the program aligns with their goals.
What is the easiest major?
A business degree can help amplify your skill set and make you more competitive in the job market, but it isn’t for everyone. Students must be ready for a significant commitment in terms of time, energy and finances, especially if they are working full-time or have family obligations that need to be addressed.
In addition, many business degree programs require internships and group projects to foster collaboration, leadership and interpersonal skills. These skills are valuable in the workplace, particularly as we move into a world of rapid change and innovation. A business degree can also provide a network of industry trailblazers and allow you to connect with potential employers during school and after graduation.
The field of business is incredibly broad and encompasses a variety of positions. Currently, jobs in the field of business are growing faster than most other occupations. In fact, the Bureau of Labor Statistics predicts that between 2020 and 2030, jobs in finance and business administration will grow by 8%.
When considering the value of a business degree, it is important to weigh the short-term and long-term benefits against your career goals and resources. Depending on the field you choose, a business degree can increase your salary by more than $100,000 over your lifetime.