Online Business Degrees

A Business Degree can lead to a variety of careers in a number of fields. The scope of this degree is vast, covering areas such as accountancy, banking, investment, human resource, public relations and retail management, among others.

Employment opportunities for business and financial occupations are also expected to be great. The US Bureau of Labor Statistics predicts a growth of 7% in employment in this sector, in the years from 2018 to 2028. This rate is faster than the average for all other occupations, expected to add nearly 591,800 new jobs.

With such a massive demand expected for business professionals, it comes as no surprise that there is an increased interest in business degrees across the US. If you want to get into this field, the following guide on business degrees will list down all you need to know.

What Is Business Studies?

Business studies is the study of the management of resources to maintain collective productivity and generate profits. It combines various subjects, such as accountancy, marketing, finance, organizational studies, human resource and economics. The depth and detail of the study would depend entirely on the level of education. For instance, a bachelor’s degree would offer a broader look into various business subject, while a master’s degree in business would provide a detailed look into a concentrated field.

The subject of business can be studied at various levels and through different degrees. Take a look at a few options available with business degrees:

  • Associate Degree in Business
  • Bachelor of Business Administration
  • Bachelor of Economics
  • Bachelor in Accounting and Finance
  • Master of Business Administration
  • Master of Business and Management
  • Master of Public Administration
  • Master of International Business
  • Doctor of Business Administration
  • Doctor of Public Administration
  • PhD in Management

What Can You Do with a Business Degree?

Graduates of a business program have several career paths to choose from. The exact job prospects would depend on the level of study, location and economic conditions. Globalization and a complicated tax and regulatory environment will create a strong demand for business professionals, specially accountants and auditors.

The median annual wage for business and financial occupations was $68,350 in May 2018, which is a lot more than the median annual wage for all occupations which was $38,640.

Let’s take a look at some of the careers for business degree holders, along with their salary outlook as per data from the US Bureau of Labor Statistics.

Accountants and Auditors

Accountants and Auditors are responsible for preparing and examining financial records of companies, and ensuring their accuracy and compliance.

Annual Median Salary, 2019

$71,550

Job Outlook, 2018-2028

6%

Annual Mean Salary, 2019

$79,520

State with the Highest Employment Level, 2019

California

148,500

State with the Highest Salary, 2019

District of Columbia

$103,930

Financial Analysts

Financial Analysts are trained professionals who provide valuable guidance to businesses and individuals regarding investment decisions.

Annual Median Salary, 2018

$85,660

Job Outlook, 2018-2028

6%

Annual Mean Salary, 2018

$100,990

State with the Highest Employment Level, 2018

New York

53,250

State with the Highest Salary, 2018

Wyoming

$139,660

Human Resource Specialists

Human Resource Specialists are responsible for recruiting, screening and interviewing workers in a company. They also take care of employee relations, training and compensation and salary packages.

Annual Median Salary, 2019

$61,920

Job Outlook, 2018-2028

5%

Annual Mean Salary, 2019

$67,760

State with the Highest Employment Level, 2019

California

71,130

State with the Highest Salary, 2019

District of Columbia

$97,730

What to Expect from a Business Degree?

The courses, credit hour requirements and the length of the program for business degrees would depend on the level of education. For instance, an associate’s degree in business would typically take 2 years to complete, while a bachelor’s degree would take 4 years and a master’s degree would take up to 2 years.

Typical coursework would include studies in accounting, finance, organizational behavior, management etc. However, this will vary greatly according to the university and level of education.

How to Choose a Business Degree?

When choosing a business degree, make sure you go for a program that is accredited by a certified body. Top organizations that accredit business degrees include the Association to Advance Collegiate Schools of Business (AACSB), the Accreditation Council for Collegiate Business Schools and Programs (ACBSP) and the Council for Higher Education Accreditation (CHEA).

Other factors to consider are the length of the degree, its cost, location of the campus, faculty, online business degree options and admission requirements.

Business Degree Admission Requirements

Business degree admission requirements would vary according to university and program. An associate’s degree in business would typically require just a high school diploma for admission, while a bachelor’s degree would require the completion of certain pre-requisites, a certain GPA, college essays etc. A Master’s Degree in Business would have even more admission requirements, including experience, GRE scores, interviews etc.

Frequently Asked Question(s)

Q:What can I learn from an online business degree program?

A:Online business degree programs normally follow the same curriculum as on campus degrees. This online degree teaches you the basic concepts and various perspectives of business management. You will also gain a well rounded education by being introduced to elective subjects such as risk management, finance management, microeconomics, corporate finance, macroeconomics, accounting, statistics and international finance.

Q:What are the main areas of concentration of online business certificate programs?

A:Online business certificate programs focus on practical skills that employers demand from today's business management professionals. The main areas of focus include fundamentals of accounting, fundamentals of finance, fundamentals of marketing, fundamentals of management, organizational management, business development, project management, strategic leadership and negotiation, and legal and ethical issues in business.

Q:What is the normal duration of a degree in business? What kinds of options are available if I want to pursue a degree in business?

A:A typical bachelors degree in business takes on average four years to complete, however, the duration may vary across universities and programs. A number of options are available if one wants to pursue a degree in business. These include degrees in: Business Administration, Business Law, Business and Finance, Business Analytics, Business Marketing, Business Intelligence, and Business Studies.

Q:how long does it take to get a business degree

A:Business degrees can be pursued at all levels of post-secondary education. An associate degree in business can take 2 years to complete whereas a bachelor degree will take 4 years. At the master's level, graduate business degrees take 2 years to complete. There are a few business schools that offer accelerated programs where you can take on intensive workload and finish your degree earlier. You should keep in mind that the degree requirements and duration of a business program may vary from college to college.

Q:What can you do with a degree in business?

A:A business degree can open doors to a vast range of career opportunities in the private and public sector. Most firms require competent individuals to handle administrative and managerial tasks. Individuals can also choose to specialize in a certain field such as marketing, finance, human resource etc. The level of degree and area of specialization will play a great role in determining the type of career one can pursue. Business degree holders can work for consulting companies, banks, accounting firms, investment firms, marketing firms, retail organizations, and more. Common job positions include: marketing managers, finance manager, administrative assistant, financial analyst, etc. With an undergraduate degree, one can qualify for entry-level jobs. For more advanced job positions, a masters or doctoral degree in business may be required. The income level will vary from job to job.

Q:What do business majors do?

A:Business majors learn a variety of skills and gain knowledge on a number of business practices in order to seek out jobs in the public and private sectors. They may work as business consultants, marketing managers, financial analysts', or as a management trainee. Business majors have a very broad range of options to choose from. For this reason, it is recommended that you consider if there is a particular aspect of business that appeals to you such as finance or human resources.

Q:What are the prerequisites for an online degree in business?

A:The prerequisites would depend on the level of education you are going for. However, in case of business studies, most universities might not require you to have completed particular courses before applying to a business program. Students from different disciplines are accepted into business programs. Other requirements may include high school diploma in case of a bachelor degree, and minimum GPA criteria in case of most masters in business programs.

Q:What degree do I need to be an assistant book keeper?

A:Typically, you do not need a high educational qualification to become a bookkeeper. A high school diploma is usually enough, if the candidate has a strong background in mathematics, computer and office training. However, an increasing number of employers are now beginning to make some form of post-secondary training a requirement for applicants. You could also go for a voluntary certification, under the American Institute of Professional Bookkeepers which offers the Certified Bookkeeper (CB) credential.

Q:I am looking for a school that offers a graduate degree in supply chain management. I already have a bachelors degree in chemical engineering. Can you help find a school with low tuition costs?

A:There are a number of schools offering masters degrees in supply chain management. You can search online or go through our page to learn more about prospective schools. Some graduate schools may require you to have an educational background in the same or similar field. The tuition fee for masters programs will vary from school to school.

Q:is a business degree worth it?

A:A business degree has the tendency of landing you jobs in potentially the largest number of industries ranging from utilities, fashion, chemicals, health, groceries, consulting and management, accountancy, human resource, marketing, banking and finance and so on. Graduate training programs offered by a large number of employers focus on selecting the top business graduates and employing them in important positions in their organizational structures.

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