People pursue a degree because of many reasons. For some, so that they could acquire skills, experience, and new knowledge to advance in their field of expertise, for others, to change careers, while other professionals pursue degrees for the financial incentive it has to offer, among other benefits that these programs may possess. To earn a business degree is an investment on its own, and you have to know which businesses pay the highest to maximize your investment.
In today’s article, we will take a close look at the highest paying business degrees this coming 2021.
Accounting
Starting off this list is one of the most versatile degrees today. With an accounting degree, you will learn how to analyze and audit financial information, check budgets, and maintain various records. Accounting degree graduates will have opportunities to work as tax accountants, internal auditors, public and government accountants, as well as tax examiners.
Human Resources Management
To any organization out there, it is clear that the most significant assets are employees or human capital. A human resources management degree teaches you to establish a strong relationship between management and employees, as well as the maintenance and development of policies, techniques, and procedures that ensure a healthy and pleasant work environment. You will also learn the organization and communication skills required to be an HR specialist.
Economics
One of the highest paying degrees in business, a degree in economics will help you learn how the production and distribution of goods, resources, and services affect the economy. You will learn to research and evaluate data related to monetary and productivity value, critical thinking and analysis for economic forecasts, and prepare you for a variety of careers not only in an enterprise, but also in law, healthcare, governance, and other industries. Graduates advance to work as investment bankers, economists, data interpreters, marketing, and credit analysts.
Marketing
Individuals who undertake a marketing degree develop skills in campaign organization, consumer behavior analysis, consumer information interpretation, and product merchandising. Other courses in marketing include data analysis, statistics, campaign creation, and marketing theory. Organizations today will find it hard to survive without effective marketing strategies in an economy based on consumers. Graduates of marketing are the ideal candidates to keep things running smoothly.
Entrepreneurship
A degree in entrepreneurship focuses on developing planning skills necessary to turn a business idea into a reality. Defined as the ability to establish a business with the hope of earning a profit while minimizing risk, this is a must for business owners, big and small alike. An entrepreneurship program teaches you to create and maintain business using marketing, economics, data analysis, and much more. Graduates of this program go on as sales managers, business owners, consultants, and company managers.
Finance
A business degree in finance allows you to explore a wide range of opportunities and careers like financial analysts, stockbrokers, and insurance agents. If you consider finance, you need to have strong mathematical and quantitative skills, regardless if it is at the bachelor’s, master’s, or doctoral levels. Profitable and with a high return in investment, many choose finance not only for the paygrade but also for the skills and knowledge they may acquire, which is why finance is always a popular choice.
Logistics
To prepare and develop an individual’s ability to evaluate the efficiency and effectiveness of an organization’s supply chain is what a degree in logistics is all about. You will learn about data management, reverse logistics, resource estimation, statistics, transportation management, micro and macroeconomics, and design and maintenance of logistics systems. The demand for logistics professionals will continue to rise as the global economy further expands.
Industrial Production
Industrial production is a general term that refers to the process focusing on the conversion of raw material and manufacturing of products. Some of the courses you will take if you consider this program are manufacturing control, logistics management, planning, and supply management. Careers in industrial production are varied, and those who work in this industry must have strong problem-solving capabilities. Some of the popular career choices include management analyst, occupational health and safety specialist, and industrial production manager.
A Final Note
The best benefit of choosing one of these degrees is the earnings potential. Business-related occupations pay higher than those for all other workers-the downside is that you may have to spend more hours working once you are on the job. So this coming 2021, choose a degree that will meet your specific needs, but most importantly, choose something that you are passionate about and will love doing in the future.
