Business studies- eligibility, courses, and careers

Business and related subjects are among the most popular graduate-level studies worldwide. You may have some opinions about why this is the scenario – business graduates are in high demand globally, business touches almost every aspect of modern human society, and careers with a business degree are diverse and often well-paid. These assertions are likely to be correct. Let’s find out more about business studies through this blog.

Why opt for business studies or a degree?

A business qualification teaches you communication, strategy, creativity, and emotional intelligence. You can use these skill sets in any field of business and in everyday life. You will become more flexible and adaptive in professional situations and succeed at work if you have these skills.

You may be able to complete an industry placement or work experience opportunity as part of your business degree. These placements allow you to apply classroom skills and techniques in a practical, real-life setting. You’ll also meet mentors, key contacts, and other business enthusiasts.

What are the types of business degrees?

Business degrees typically include a diverse range of programs, some highly specialized and others more interdisciplinary; some academic in nature and others primarily focused on practical professional development.

Accounting	Management Sciences	Computer Sciences
Finance	Sociology	Entrepreneurship
Marketing	Law	Business Engineering
Strategic Management	Quantitative Techniques	Sports Management
Data Science	Economics	Fashion Management

How can BBA help with business studies?

BBA programs are available in various specializations, including general management, economics, and finance.

Every year, many students apply to study abroad and complete their BBA degree. Students with degrees from international universities are eligible to work anywhere in the world.

BBA fees 

BBA programs at international schools are affordable to many students. Numerous universities offer the program on a shoestring budget, and the living expenses are also reasonable-

• The average tuition fee for the first year of a Bachelor of Business Administration program at the top 20 universities is USD 35070.
• The average annual cost of living in another country for international students is USD 7515.

BBA eligibility criteria

There are numerous universities worldwide, each with its own admissions criteria. These entry criteria vary depending on the country. The standard criteria for students interested in pursuing a BBA from an international university are as follows-

• 12th-grade diploma from a recognized school
• Submit the results of any English proficiency tests, including IELTS, TOEFL, PTE, and Duolingo.
• Submit the program’s Letter of Recommendation and Statement of Purpose.

Top 10 BBA universities by QS Rankings

Universities	QS Ranking (Business) 2022
Harvard University	1
INSEAD	2
London Business School	3
Stanford University	4
Massachusetts Institute of Technology (MIT)	5
Bocconi University	6
University of Pennsylvania	7
University of Cambridge	8
University of Oxford	9
HEC Paris School of Management	10

What are the different careers in business studies?

Here are some of the careers you can opt for after studying business.

Accountant

Accountants are crucial in assisting a business to thrive. They evaluate profit margins, taxation requirements, and investment objectives. A company’s finances will be successful if it is stable. For that to happen, you need accountants who understand the numbers, and that’s where a business degree specializing in accounting comes in handy.

Economists

Like accountants, economists, are always in demand, which means they benefit from increased job security. Economics includes assessing trends in human labor, housing, and the consumption of products and services. As an economist, you will have several commitments. These are just a few examples of gathering statistics, making projections, and sharing your findings.

Marketing Officer

Anyone enthusiastic about popular brands might enjoy a profession in commerce and marketing. This is about boosting demand and informing the public about new and exciting products or services. You could work in brand design, helping companies establish effective marketing campaigns. Likewise, you could work in social media management, integrating brands with consumers.

International Business Specialist

Now, you might be wondering- why study international business? Knowing the mechanics of international business practices is invaluable in our global society. Business knowledge is applicable anywhere in the world. A business degree prepares you for a global career that could take you anywhere. Perhaps you’ll visit a global economic powerhouse like Singapore or Hong Kong. You also have a chance to work as a foreign affairs analyst for the government or a non-profit organization. The possibilities are limitless, and where you take them is entirely up to you!

Entrepreneur

Have you ever considered starting your own business? Business studies is an excellent place to start! Perhaps you’ve wanted to own a restaurant or a small retail shop. Or you’re passionate about a social cause and want to address it through a social enterprise. Whatever your ambition, a business qualification can help you achieve it.

Salaries you can expect

Let’s explore some prominent job profiles and salary packages that international students get after completing their BBA degree.

Job prospects	Average salary (USD)
Marketing Coordinator	45,091
Account Manager	57,934
Operations Manager	62,995
Financial Analyst	63,396
Marketing Manager	69,845
Senior Financial Analyst	81,999

Key takeaways

• Business studies teach you communication, strategy, creativity, and emotional intelligence.
• You have a chance to be more flexible and adaptive in professional situations and succeed at work if you acquire the skill sets of business studies.
• The careers in business studies include being a Marketing Officer, Entrepreneur, Accountant, Business Specialist, and more.

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Liked this blog? Read next: London Business School | All you need to know about the best business school!

FAQs

Q1. How are business studies useful?

Answer– A business degree will provide a solid understanding of basic economic principles, how markets are affected by global events, and how to evaluate a company’s financial health. When combined, this can assist you in making more informed investment decisions and, ultimately, achieving a higher ROI.

Q2. Who is the father of business studies?

Answer- Peter F. Drucker is known as the ‘father of business studies.’ It is a discipline that teaches students the fundamentals of business disciplines such as marketing, finance, accounting, economics, and organizational studies.

Q3. Who is the founder of commerce?

Answer- Poseidon is the father of commerce in Greek mythology. He is the sea’s god and traded on it. Because trading is essential to business, he is known as the ‘Father of Commerce.