5 Best Business Degrees to Get in 2024
When we rank the best business majors, we usually do so depending on different factors. The perspective of the reader, in pursuit of a career, is subjective, and he or she may value different things regarding a future they want to build. The best business degrees usually stand out because of the high demand, hence – high salaries and growth opportunities. This is why we pulled together a group of business major superlatives, gathered from the Bureau of Labor Statistics along with the data regarding the projected growth foreseen for these careers until 2026. Since businesses have become increasingly international, organizations are looking to recent graduates to embrace this globalization and capitalize on their expanding reach. Apparently, 23% of all degrees earned are business-related. Read below to find out which types of business degrees and salaries rule our list of best business majors:
1. Project Management
Average Salary: $98,228
Projected growth: 12.85%
Courses to take:
Micro and Macroeconomics
Operations Management
Supply Chain Management
The success of a project varies on its manager. A project manager delivers the project and plans ahead its objectives. Whereas companies are always initiating projects to increase revenue, minimize cost, and increase the economy. For this, a career in project management is demanding as good project managers are the most sought professionals of this industry. Most specifically, as a project manager, you will be involved in:
The supervision of projects
Conception,
Planning,
Budgeting,
Procuring materials and talent,
Managing personnel,
Communicating internally and externally,
Ensuring quality and
Completing the project on time and within budget.
2. Entrepreneurship
Average Salary: $158,560
Projected growth: 9.58%
Courses to take:
Capital Management
Global Business
Product Development
According to the Bureau of Labor Statistics, there were about 9.6 million self-employed workers in 2016—and BLS projects this number to increase to 10.3 million by 2026. One in every four millennials reports wanting to own a business of their own or work as an entrepreneur. So if you’re asking yourself what business major should I choose to have a secure future, then entrepreneurship just might be the answer.
A major in this field equip people with the necessary skills to lead business operations and provides them with insights on key decision-making processes in a business. With a background in marketing, finance, public relations, and human resources, you have a unique, competitive advantage over your peers.
Note that the demand for this major is not only because people want to be their own bosses. It’s also because companies have realized that they need employees with an entrepreneurial mindset, who know how to grow a business and keep nourishing it.
3. E-Commerce
Average Salary: $127,870
Projected growth: 8.75%
Courses to take:
Analysis of information & E-systems
Data Mining
Emerging Information Technologies
The main reason why globalization has become the new market situation is because of the rise of electronic businesses. E-commerce is changing the way traditional firms operate and structure their organizations. It provides business people the opportunity to connect with their partners or customers halfway around the world, by constantly shifting the principles of electronic retailing.
A business degree program in e-commerce combines economic principles with software applications to help you use the Internet to create business opportunities. You may find yourself working within an online existing business or as an entrepreneur for your own e-marketing venture. Your job roles can include: market research, product buying decisions, and Web design or maintenance, so it might not be the easiest business major to choose. Though, it will definitely be rewarding in the long term considering that technology is here to stay!
4. Marketing
Average Salary: $112,800
Projected growth: 12.82%
Courses to take:
Sales Management
Public Relations
Market research
A company’s strategy to connect to its customers may make or break the company’s success. This relationship defines whether the consumer will trust your product and buy it. That is why the demand for advertising, market research, public relations, community involvement is outstanding.
Marketing careers have some of the highest rates of job growth on our list. You can even focus on broader perspectives and study the global marketplace if you want to aim for international marketing. Nevertheless, if you already have some sense of creativity, combined with critical thinking, then this may be the easiest business major for you. All the things you learn along the way will feel natural.
5. Finance
Average Salary: $99,330
Projected growth: 11.5%
Courses to take:
Business Law
Project M
Management
Corporate Finance
Graduates with a degree in Finance are invaluable to any business venture. They are the go-to professionals for all matters related to government policy, international relations, and important business decisions. With a major in Finance, you can tick all the boxes of employment expectations: High salary, high rate of employment, and high projected number of jobs for the upcoming decade. Three times the usage of ‘high’ indicates that a career in Finance can take you places. Besides, nowadays, you can manage multiple companies and their businesses even remotely. They won’t mind as long as you get the job done and help them manage their money properly.