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Is a Business Degree a Good Investment?

By Brenda on December 1st, 2011
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Business degrees have always been popular among college students, especially mid-career professionals that already working and wish to return back to school. According to the National Center for Educational Statistics there were over one and a half million bachelor’s degree awarded in the 2006-2007 school year. Of those degrees nearly 350,000 were business degrees. That makes the undergraduate Business Bachelor Degree the most popular by far.

So does that make the business degree a good investment or not? That depends, according to experts. Labor and educational experts say your best bet is to get a business related degree such as accounting, marketing, management, management information systems, or economics. They also say that getting a business degree with a concentration in one of the above areas is a great idea too.

Experts across the board say the accounting degree is your best bet for getting a great return on investment from your degree. In the current climate of fiscal responsibility, conservatism, and accountability it is always helpful to have someone on staff that knows accounting practices and regulations.

Accounting is always an in demand profession because of this reason. There’s always demand for the fact that people just don’t like bean counting too. Accounting is not for everyone, and most people do not want to pursue it because it can be considered mundane.

If you’re thinking about becoming a Certified Public Accountant (CPA) it’s best to go with the straight accounting degree. A bachelor’s degree with an accounting concentration will not help you that much. By choosing a business degree with an accounting concentration you can pursue a variety of business oriented careers that require accounting skills but also may require skills in project management, marketing, human resources, and management.

Accounting related positions are expected to increase by a staggering 22% during the time period of 2008-2018 according to the most recent data released by the United States Bureau of Labor Statistics. This rate of growth is approximately twice that of the average occupation. This job growth rate is the average of the entire United States. Local and regional job markets vary considerably and that should be taken into consideration while searching for a job.

It looks like Business Degrees are still a good bet as long as they are related to Accounting in some fashion. We hope this information helps you to decide on your major or clarifies the choice you have already made.

 

Category: Bachelors Degrees,Business and Management,Campus Degrees,Online Degrees