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“What do you want to do with your life?”

“What are your plans after college?”

You may have been asked these questions at one point in your life, or maybe you are fielding them right now. Choosing a college, major and potential career path are big decisions, particularly if you still aren’t sure “what you want to be when you grow up.” If this sounds familiar, consider the marketability, versatility and flexibility a business degree can give you.

There are many important factors to consider when choosing a field of study and future career path:

  1. Job satisfaction
  2. Earning potential and opportunity for growth
  3. Diversity of opportunities
  4. Personal values
  5. Return on investment

A business degree can speak to all of these factors. Intrigued? Keep reading.

Job satisfaction

When Glassdoor released its 2019 list of 20 jobs with the highest rate of satisfaction, more than half of the occupations were in the field of business. Some of the positions listed were:

  • Brand manager
  • Data scientist
  • Financial consultant
  • Human resources manager
  • Sales operation manager

According to some estimates, the average American will spend 90,000 hours, or one-third of their lifetime, at work. It is in our best interest to try and enjoy what we do for a living.

Earning potential and opportunity for growth

A business education provides highly marketable skills and knowledge that apply across many industries. Some of these include critical thinking and problem-solving, the ability to interpret financial data and develop strategies based on that information, effective communication and an overall understanding of business operations. People working in business also have a statistically higher earning wage. According to the Bureau of Labor Statistics, the median wage for business and financial occupations was $68,350 in 2018, compared to the median wage for all occupations, which was $38,640. Employment in these areas has been forecasted to grow 7% between 2018 and 2028, with the addition of more than 590,000 new jobs. With growing globalization and complex tax laws, strong demand is expected for business professionals such as accountants, auditors and market research analysts, among others.

Diversity of opportunities

Business touches every industry in some way. For example, any business, no matter the size, needs a knowledgeable accountant. Every organization needs skilled professionals to manage marketing, operations and personnel matters. Because of this fact, someone with a business degree has the potential to find employment in virtually any industry.

“In addition to traditional business settings, Walsh graduates have worked in a broad range of industries including law enforcement, specialty eateries, the music industry and real estate,” said Patti Swanson, vice president and chief marketing and enrollment officer at Walsh. “We also have alumni running their own businesses.”

The range of career options available in business applies to geographical location, too. If you dream of relocating to a new and exciting city, with a business degree, you may find more opportunity in the places you want to go than someone looking for work in a specific industry. A business degree can take you anywhere.

Personal values

If a particular organization holds meaning for you, working there can be an excellent way to make a positive impact for a cause and mission you believe in. Museums, educational or religious organizations, zoos, foundations and other nonprofit organizations all need accounting, management and marketing support. Your business degree can help you incorporate your love of the arts, children’s welfare or many other valuable causes.

Are you creative? Business needs you! It is not all numbers and balance sheets. Business is about whole brain thinking. Creativity complemented by business acumen is a dynamic combination. It challenges the way people think and can lead to innovation such as improved processes, highly effective marketing campaigns, progressive management strategies and new business opportunities.

Return on investment

Job satisfaction, earning potential, the range of employment possibilities and potential for growth, the ability to incorporate your personal values into your career — a business degree can provide an excellent return on investment. It opens the door to versatile opportunities and can be applied in a variety of roles in nearly any industry.

Ready to give business a closer look as a field of study? Learn more at www.walshcollege.edu/future-students.

Members of the editorial and news staff of The Detroit News were not involved in the creation of this content.

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