We wrote quite a bit on MBAs, accounting and CPAs in general. All these can be grouped under what is popular known as business services and education.
Business education helps in the development of competencies which are related to profitable business techniques and skills. Business education is one of the most flexible and most broadly acceptable fields of study the world over. Any business education diploma boosts an individual’s earning potential greatly, increasing their career opportunities, especially considering business education is applicable to almost every industry sector. However, one can also specialize as early as possible in their career, choosing one of the numerous fields of business education. Here is a guide to the various sectors;
The understanding of core business values is perhaps the first step towards the mastery of management principles. Those interested in this line of work might consider a business administration degree. With this qualification, one will be knowledgeable on business management principles, and how to apply them to real world problems and to the real work environment. Students in this curriculum learn how to use modern business principles and practice to create efficient and productive systems, evaluate the different methods of selecting personnel and implementing performance monitoring standards. The management sector of business education also focuses on such competencies as sales forecasting, product and brand management, pricing and promotion, distribution channels and branding strategies.
This is for those who are strictly numbers minded. Finance programs in business education cover relevant areas in finance like investing, international finance, capital planning and financial analysis. Programs might also explore methods of solving real work problems through the application of finance principles and accounting, the use of quantitative tools in the analysis of contemporary business functions and practice, and the use of finance principles in the global market.
One of the most diverse areas in business education, marketing focuses on the planning, implementation and control of marketing plans, as well as the monitoring of the progress and the returns in line with organizational goals and strategies. Marketing students also learn how to measure demand and segment the market so as to achieve competitive advantage through the focus on such aspects as marketing research, sales forecasting, pricing and promotion.
This field of study is for those with the drive to start their own businesses, or for those who already have one. Entrepreneurship programs get students familiar with real world problems that are of interest to entrepreneurs, like employment law, budgeting and key managerial skills and leadership tactics. Programs might also focus on the legal implications and the challenges of managing the typical modern organization, including negotiation tactics and strategy, understanding the factors that ensure legal compliance and principles of procurement and contracting.
With qualifications in international business, one can open up global opportunities for themselves. International business programs explore how international trade and financial policies that affect international business decisions work. With the world opening up, global opportunities are becoming easily accessible. On the other hand, the interconnectedness of the global business environment means problems in one area of the world can very easily affect business in another part of the world. With this in mind, it is important for any business minded individual to have at least a basic grip of international business principles.
Human Resource management
Every industry requires human resource management, and specializing in this line of work offers a different path for those interested in business studies. Human resource management qualifications provide knowledge on such industry focused topics like human asset management and conflict resolution. The curriculum also includes learning how to select personnel for specific positions, establishing performance standards for different jobs, performance appraisal methods, and the evaluation of relative worth of different positions for the development of a compensation structure.
The influence of technology on business cannot be understated. The main aim of technology is to make life processes easier and more convenient. Those with a passion for technology and business can specialize in business technology. There are many different career paths, including business systems analysis, Information Technology or information systems. As technology evolves, qualification in this area will enable students decide how best to evaluate business technology needs, conduct the strategic planning and implementation of various business technologies.
Operations management simply stated is the process of following the transformation or creation of goods and services in the modern marketplace, as well as the management of supply chains networks. With a degree in operations management, students acquire skills which enable them deal with real world operations like cost control management, industrial labor relations and the analysis of the behavior of supply chain networks and personnel.
The field of project management is also on the rise. Companies find themselves wasting a lot of money and time on projects, resources which can be saved with proper project management knowledge. Project management knowledge helps in the leadership and management of diverse teams within organizations, as well as the understanding of steps involved in the successful completion of projects in real world environments.
To learn more about this diversified field of education, check out Washington Post’s informative guide, as well as more blog posts that are coming up here.