Top 5 Reasons to Take a Degree in Management
For versatility, it’s hard to beat a degree in management. That’s why Business Management is one of the most common courses in higher education. It’s not just for managers, it teaches you how to think about business. And in 2021 and beyond, business touches nearly every facet of life.
In this article we outline the Top 5 reasons why taking a degree in management could be the best decision you’ve ever made:
Recession-Proof Yourself
Recessions are a fact of life. A recent survey by the National Association for Business Economics found that 72% of economists believe that a recession is possible by the end of 2021. With recessions come increased unemployment. However, a degree in management may help you avert this. If you know how to manage a business, you can enter any field of your choosing whether in the private or public sector. This includes those that are currently in-demand like IT, financial management, community services management and human resource management.
Every Business Needs a Manager
Whether in an office, a restaurant, a dress store, a construction site, a school or a hospital, nearly any business you can think of will require management. This brings us back to the point of versatility. A degree in management means you have lots of options with regards to where to work. After graduation, you can use your skills in an industry that you are passionate about. And because you’ve got a good overview of business fields like marketing, financing, accounting and entrepreneurship, you can always further your studies in those fields later if you want to pivot. Therefore, a degree in management sets a good foundation for future success.
Transferable Skills
Some skills you can expect to gain from a degree in management are:
- Critical and strategic thinking
- Problem-solving
- Organisation
- Presentation
- Leadership skills
- Communication
- Project management
- Reporting
Not only will these skills make you a valuable asset in the organization of your choice, they are also highly transferable. You can apply them in businesses of any scale- from a small team to a mega-corporation. If you were to pivot to another industry or set out on your own in the future, these skills will still be applicable. Best of all, these are skills you will need to manage your own life efficiently, helping you respond and adapt to challenges you’ll face.
Learn to Manage
A degree in management is the perfect fit if you wish to run your own business one day. When you graduate, you’ll have fantastic career opportunities. The jobs you accept will expose you to crucial tasks like managing projects and staff, administrative duties, budget management, marketing, training employees while balancing multiple other responsibilities that keep a business afloat. From these experiences, you can glean invaluable knowledge that can one day help you succeed as an entrepreneur.
Climb the Ladder
If you’re currently employed but feel like your career is going nowhere, a degree in management could be the boost you need to accelerate your career. Qualifications matter; most employers will consider your qualifications seriously before taking you onboard especially in a competitive market. If you have no business background, a degree in management can help you develop your knowledge, bolster your skills, improve your opportunities and ultimately, increase your ability to earn.
Even if you don’t 100% know what you want to do in your future, a degree in management introduces you to the world of business and you’ll gain lots of transferable skills. These may be the skills that help you ride out any slump in the economy. So don’t hesitate, take it a step further – learn more here.
