When you study business, you learn how to confidently and competently engage in business activity. You do so by looking in detail at the many aspects involved in successful businesses. Understanding both how they can function effectively and the part they play in society.
As there are so many elements involved in businesses, business as a subject is broad and diverse. It can be studied in many forms and levels of depth. All depending on how far you want to explore the subject.
There are short courses you can take to gain particular skills. Or longer courses available such as A Levels, undergraduate and postgraduate degrees. With a deeper level of understanding gained the further you progress along the tiers of education.
Regardless of which you decide on, there are many benefits to studying this dynamic subject. If you’re considering taking up a course, read these seven reasons to study business.
1. Business Professionals Are Always in Demand
With ever-evolving technology and branches of business, today’s economy sees a high demand for skilled business professionals.
The Business Statistics Briefing Paper by the House of Commons Library noted there were over 5.9 million private sector businesses in the UK in 2019. Painting a clear picture of the employment opportunities available in the business sector.
The skills and savvy gained when you study business makes you highly desirable for a range of roles. As a result, business graduates typically earn some of the highest wages after graduating and further on in their career.
2. Gain Transferable Skills
When you study business, the range of fascinating industries and careers that become open to you is extensive. This is due to the many transferrable skills you gain which can be applied to almost any sector or role.
You will become adept at analysing competitive environments and markets. Understanding how ethical, environmental and technological factors influence decision making. As well as how to use quantitative and non-quantitative data to assess strategic and functional options. All of which allows you to see the bigger picture of decisions, their effects on stakeholders and their likely responses.
Through this, you will be able to think critically and analytically. Recognising the cause and effect of economic and external changes and creatively solving problems that arise.
Your assignments will challenge you to approach issues with sound and logical decision-making skills. You will have shown numerical and research abilities through your interpretation and use of business, financial data and information. These among many other skills you’ll gain are all desirable attributes to employers.
3. Choose from a Wide Range of Subjects and Specialisms
With so many things involved in the successful running of a business, you can study any area that interests you. If you’re a financial whiz, then you could delve into accounting. Should the legalities of business practice steal your attention, then consider business law. There are so many options available when you study business.
You could study short courses that focus on the particular avenue you want to explore. Or, you could take an overarching business course that allows you to specialise in it later on.
For instance, a business studies course covers numerous specialisations. They are initially broad, but as you move through the course you narrow your focus. So, you can explore numerous areas of business to find your feet. Then specialise in the area that speaks to you most once you know what it is.
This could be anything from technology to marketing, economics or ethics. Studying business can position you for a rewarding and exciting future, whether that relies upon qualifications or not.
4. Improve Your Job Prospects
Qualifications aren’t always required to start working in business as there are many routes into certain areas of the profession. Some jobs will state a business background and relevant specialism is advantageous. While for others, they are a definite requirement.
Regardless, having certificates and qualifications evidences your understanding in that area and puts you a step ahead of those without.
Business studies, finance, accountancy, marketing and HR students, for example, can explore numerous careers related to their qualification.
Some of the areas employing business graduates are:
- Accountancy
- Advertising
- Banking, Investment and Financial Services
- General Management
- HR
- Management Consultancy
- Public Relations
- Retail Management
- Sales and Marketing
5. Access Senior Roles
It is possible to work your way up into senior roles on merit alone. However, a degree and other regulated qualifications can often help you reach that goal faster.
Again, they provide proof that you know your subject area well. Senior positions in business require candidates who can confidently and effectively handle the challenges associated with the role. So, having the credentials to back this up can really go in your favour.
Those with a degree in business, for example, have examined the many areas impacting business in detail. Post-graduate students focus even more specifically on a particular aspect of business. Honing their knowledge and becoming an authority on the subject. Positioning themselves perfectly for higher-level roles in their specialism.
A few of the senior positions that could be pursued with higher-level study are:
- Chartered Accountant
- Corporate Investment Banker
- Data Scientist
- Insurance Underwriter
- Project Manager
- Risk Manager
- Supply Chain Manager
6. Network
Studying business provides benefits outside of the course materials too. What you study is important, but who you study with can influence your future as well.
The diversity of business courses attracts all kinds of students with differing knowledge, experiences and backgrounds. Coming together in the learning environment can provide valuable insight and perspective for each student.
While this is common in face-to-face settings, the communication facilities in online learning can also encourage networking.
It gives you the chance to meet people who share your ideas. Creating an environment for business concepts to grow and develop, and for students to learn from one another. Many business partnerships have been formed in this phase of the founder’s journey to business.
The network you build while studying business can become immensely valuable in your later career.
7. Become Your Own Boss
Deciding to study business not only opens fantastic career opportunities, it gives you the skills to start your own business.
After studying, you’ll know how to write financial plans, track profits and losses and promote your products to potential customers. As well as many other aspects of business and management to ensure your business is viable and stays afloat.
So, if you have the business idea, you’ll gain everything else you need by studying a business course. It’s the perfect way to develop your entrepreneurial skills and test out any business ideas you might have.
If you’re planning on setting up your own business or starting a business career, then you should consider studying business.
Another consideration is studying business online, so you have the freedom to learn without going back into full-time education. Instead, you can learn from home, around work and keeping to your existing commitments.
Stonebridge Associated Colleges is a leading UK distance learning provider. With many online business courses available to help you achieve your goal.
From A Levels and short courses to Access to Higher Education Diplomas, we have the business course to suit your need.
Click below to view our Access to Higher Education Diploma (Business and Management) in more detail. Or you can view all of our business qualifications here.
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