A business management degree from a reputable higher education institution can really boost your career, whether you’re pursuing an entrepreneurial path or want to climb the career ladder within a corporation. Here’s how:
Exposure to new and disruptive technologies
New and disruptive technologies are being developed every day, and the world is having to keep up. Technology affects the way companies across the world do business with their customers, so employers want job candidates to be fully up to speed on new technology and how processes can be continuously improved.
Those looking to enter CEO and executive roles must be aware of new trends in technology and how a business can adopt disruptive technologies for the better. Institutions such as Hult International Business School offer a nano-course on the way disruptive and new innovative technologies are changing the way the world does business.
Students can take the course alongside an MBA, covering topics such as drones, AI, 3D printing, robotics, VR, the Internet of Things, genome editing and machine learning. Students also discover advances in EdTech such as Big Data, which is used in Hult International Business School’s innovative career advice software, careermapper.io. Such tools that use innovative technologies such as Big Data enable students to receive answers to any questions they have about their current career, and check that they are on the right path that is in line with their potential. Users can also check salary ranges, promotion opportunities and other jobs within their current or other industries, helping them plan for long-term goals.
Become better at finance
Many MBA degrees enable those studying on them to become better at managing money and cash flow. This is a vital aspect of any successful business. An MBA degree covers important financial aspects such as managing revenue, accounting, estimating accurate sales projections, product ordering and managing other expenses and overheads, including rent and the costs of running a business.
This is especially important for entrepreneurs who want to launch their own business. MBA degrees offer a global perspective on financial issues that affect the success of any business, such as political issues, financial and stock market issues and other trade events.
Product marketing and communication
In order to thrive and sell products and services well, a business has to have a successful marketing strategy, with a good knowledge of its consumers and target market. A business management degree gives students an insight into advanced marketing tools and techniques, enabling them to practice these concepts in real life scenarios.
This will ensure that students have a detailed knowledge of how to successfully launch a product campaign that keeps up with trends and demand. Many business degrees cover marketing topics such as trend analysis, consumer and audience research, social media campaigns, influencing and brand loyalty.
Communication with customers is also key to a company’s growth and development, as well as communication within a company (between co-workers). A business management degree gives delegates the skills they need to lead others in an inspiring way. Leadership skills are seen as a vital subject in any business management course, with students learning how to coach others, recognize skills, recognize when colleagues and teams are underperforming, and cultivate positive relationships with customers and colleagues. Advanced techniques in problem solving and dispute resolution are also important skills that are typically covered within a business management degree.
Students on business management degrees have a host of networking opportunities, including interaction with business leads and professionals, entrepreneurs, peers, lecturers and other business partners/potential customers (in the case of entrepreneurs).
MBA degrees in particular offer internships, work placements and opportunities for students to attend conferences that lead to potential meetings with other professionals and people of interest. By the time many students have completed their business degrees, they have extensive networks of contacts that they can rely on and use as they go forward in their business careers.
Students that decide to study for an MBA or any other type of business management degree learn many transferable skills that can be used in various industries and within multiple roles. These skills include management, problem solving, finance, presentation, communication, leadership, time-management, data analysis, technological advances, persuasion and marketing. Such skills are valuable to any employer and business, and obtaining these on a course gives a student every opportunity to succeed in their chosen career.
By Emily Haddington
Author bio: Emily Haddington is a freelance creative copywriter and editor, with vast writing experience in industries such as business, health, education, travel, insurance and lifestyle among others.
Kizzi Nkwocha is the editor of Business Game Changer Magazine and publisher of The UK Newspaper, Money and Finance Magazine, the net’s fastest growing wealth creation publication. Kizzi Nkwocha is chair of The Ethical Publishers Association and co-chair of The Logistics Association. Kizzi made his mark in the UK as a publicist, journalist and social media pioneer. As a widely respected and successful media consultant he has represented a diverse range of clients including the King of Uganda, and Amnesty International. Nkwocha has also become a well-known personality on both radio and television. He has been the focus of a Channel 4 documentary on publicity and has hosted his own talk show, London Line, on Sky TV. He has also produced and presented both radio and TV shows in Cyprus and Spain.