Going to university and getting a degree is generally encouraged. After all, statistics suggest that college graduates get 57% more job opportunities than non-graduates. In some cases, you may not have got a degree but are interested in pursuing a business administration course. In others, the degree simply kept your education going while you decided what career path to follow.
That’s one of the big questions once you have a business degree, what do you do with it?
The good news is that you have plenty of options.
Start Your Own Business
With a business degree, you have plenty of theoretical knowledge regarding markets, trading, competition, and business in general. You probably won’t have much practical experience and this could lead to you making easily avoided mistakes. In some cases, these can cost you your new business.
However, as you’re starting on a new chapter in your life, there is no better time to take a few risks. After all, in effect, you have nothing to lose.
All you have to do is create a business concept, ideally, one that will be in demand but isn’t currently being offered. Market it and use your business knowledge to build a business and a profit.
You can work for a firm, reviewing their finances, creating profit and loss sheets, monitoring cash flow, and helping them to decide the direction they want to move in. This is a great option if you love numbers, although there are non-numerical financial business options such as sales or client-facing banking services.
Having a business degree doesn’t mean you need to run your own business or even help others manage theirs. If you love communicating with people and helping them resolve issues then a position in Human resources could be ideal. It’s the most effective way to implement your business knowledge while helping others and ensuring the work environment is as fair as possible.
Working in HR means responsibility but also the ability to leave your work at the office.
This is perhaps the most obvious application of a business degree or administration course. Simply look for business management opportunities. That either means starting as a trainee or stepping in as an assistant manager. You’ll need to develop a good understanding of the business and its industry sector.
You’ll then be able to use your business knowledge and training to help guide the business in the right direction. This type of position is often very rewarding financially.
Do Something Different
A business administration qualification opens a lot of doors. Before you take the first opportunity you are offered consider what you are passionate about. It could be fashion, skateboarding, or electronics. A business degree allows you to help run any organization. Think outside of the box and choose a business that reflects your passions. It will make it much easier to go to work every day and excel at your chosen job.