A good business education aims to prepare students for the demands of the modern workplace. These programs are designed to develop communication skills, prepare students for real-life situations and improve their chances of landing a fulfilling job. As a result, business graduates have more career prospects and higher wages.
Business Education is a Program of Instruction
Business education is a program of instruction that prepares people for careers in the business world. Students in business education programs study topics like human resources, marketing, and accounting. They also learn about the psychology of management and the philosophy of business. Additionally, business educators help students learn how to start a business.
Depending on the type of program, undergraduate students can earn a bachelor’s degree in business. The degree can prepare students for management, accounting, e-commerce, and more careers. Business education also involves on-the-job training. This means that students can apply what they learn in the classroom and gain experience simultaneously.
A major in Business Education at a university is an excellent way to enter the teaching profession. Graduates have the skills needed to teach in public and private schools. Lincoln University’s program meets the Missouri Department of Education’s certification standards and is accredited by the National Council for Accrediting Agencies for Teacher Education.
It Develops Communication Skills
A key part of getting a business education is the development of communication skills. Whether writing, listening or speaking, business communication skills are essential to succeed in any workplace. These skills include how to write effectively, how to structure a speech, and how to respond to nonverbal messages. These skills will improve a person’s overall productivity when applied to the workplace.
The gap between the types of communication skills practitioners seek from new graduates, and those that universities are producing is a cause for concern. The gap is believed to result from a combination of two factors: practitioners’ demand for outcome-oriented skills and academia’s focus on teaching basic, non-business-specific communications fundamentals. Nevertheless, a literature review suggests that outcome-motivated communication skills can be taught.
It Prepares Students for Real-World Situations
Business education helps students learn specific skills necessary to succeed in the real world. These skills include social media marketing, copywriting, and search engine optimization. Students can choose to specialize in one or more of these areas. These courses also include the fundamentals of technology, which is necessary for a company’s overall productivity.
To prepare students for the real world, businesses must ensure that their business curriculum is up-to-date and relevant. This is especially important as technology is constantly advancing and making the challenge of turning out future employees more difficult. In fact, according to a recent study by the Dell Technologies Institute for the Future, 85 percent of the jobs available in 2030 don’t exist today.
It Increases Chances of Getting a High-Paying Job
Graduates of top MBA schools can increase their salary nearly two-fold. MBA graduates from top-ranked schools can make as much as $400k. Career options include investment banking and consulting. Duke University’s Fuqua School of Business produces high-paying jobs in technology.
Despite the recent recession and the COVID-19 pandemic that left millions of people out of work, the value of graduate business degrees has remained steady. According to surveys, most business school graduates said their degree improved their financial, personal, and professional circumstances.
Many of the most high-paying jobs in business require an MBA. These positions require years of education and extensive on-the-job experience. However, there are many other lucrative career paths available to MBA graduates with relevant concentrations.
It Helps Develop Grit
Grit is the ability to persevere through challenges, one of the most important attributes to develop for success in any endeavor. However, many factors can influence a person’s grit level. For example, people with high grit levels may be achievement-oriented, display hopes for the future, or be highly determined to succeed. In addition to these traits, grit is related to several other established psychological constructs, including stick-to-itiveness, conscientiousness, and optimism. These constructs overlap somewhat but differ in how they measure long-term effort.