This website uses cookies to ensure you get the best experience. More info

Should I Get a Business Degree? The Data You Need to Decide

woman shrugging with upward and downward graph lines on either hand

You’re ambitious and passionate about building a better future for your family and you’re ready to take the next step to make that happen. But first, you have some important choices to make.

Your mind may be racing with thoughts like: Is going back to school worth it? Should I get a business degree? Are there better options out there for me?

You, like so many others, have an inkling that a business degree just may be the ticket to creating a better life for you and your family. But when it comes to a degree or career, there’s no one clear path for everyone.

That being said, business-related degrees are some of the most popular options in the US—and for good reason!1 A business degree can set you up for a successful future in an array of fields.

Let’s explore the many fields a business degree can cover and learn more about some of the most common roles seeking business-related degrees.

Why pursue a business degree?

One of the biggest benefits of a business degree is its versatility. While it’s true there are subspecialties like Accounting, Marketing and Finance under the umbrella of “business” that can cater to a more focused range of careers, the “generalist” business degrees like Business Administration or Business Management can cover a lot ground with a well-rounded mix of skills that are easy to translate to a professional setting.

That practical versatility can be a boon to job seekers—in fact, there were more than 1.5 million job postings in the U.S. seeking applicants with a business degree in the past year.2 

Of course, a degree alone is only part of the equation. Employers are seeking well-rounded applicants, and you can’t rely solely on the degree to get you where you want to be professionally. Hard work, professional development and an excellent mix of transferable skills are key components as well.

“A business degree is not a golden ticket,” says Sean Higgins, CEO of BetterYou. “At the end of the day the thing that determines your success isn't a piece of paper—it’s you!”

Business careers across the board

Business is a broad field—there’s no denying that. One of the great things about a degree in business is the wide variety of opportunities you can pursue. A business undergraduate program combines multiple disciplines into one, which can help open the door to a variety of roles.

To give you an idea of your potential options, we used real-time job analysis software to examine more than 1.5 million job postings seeking candidates with a business degree to identify ten of the most common job titles:2

  • Business analyst
  • Financial analyst
  • Accountant
  • Account manager
  • Human resources (HR) manager
  • Sales manager
  • Marketing manager
  • Sales representative
  • Administrative assistant
  • Project manager

As you can see, a business degree isn’t a one-way street. It unlocks the potential for a plethora of positions in a variety of fields, and with plenty of room for growth and career advancement. Marketing, HR, sales, accounting and finance fields are all common landing spots for business majors.

What is the job outlook for business degree careers?

No one wants to go back to school only to find limited employment options. The long-term outlook of a field is important not just for securing employment after graduation, but also for advancement and opportunities down the line. Fortunately, common fields for business degree holders are projected to grow in the coming years. The Bureau of Labor Statistics (BLS) reports that employment of business and financial operations occupations is projected to grow by 7 percent from 2018 to 2028—that translates to about 591,800 new jobs.3

For example, employment of marketing managers is projected to grow by 8 percent from 2018 to 2028, while business and management analysts are projected to grow by 14 percent—both eclipsing the 5 percent average growth projection for all occupations nationwide.3

These top fields for business students are growing—and they’ll need people like you to fill that demand in the coming years.

Is a business degree worth it?

It’s true that school takes time. It takes dedication. It’s expensive. But there’s plenty of evidence that this investment is worth it. In fact, a report from the Social Security Administration found that a bachelor’s degree results in a median annual lifetime earnings increase of $630,000 for women and $900,000 for men when compared to high school graduates.4

For business degree holders, the array of common positions you can pursue offers a robust range in earning potential. Let’s see how some of the top business-degree roles stack up based on the Bureau of Labor Statistics’ 2019 median annual salary information:3

Should you get a business degree?

This is obviously a question only you can answer. But now that you’ve learned a little more about the benefits of a business degree and the potential opportunities tied to furthering your education, you should be getting closer to an answer.

If you’re motivated by career versatility in many vibrant fields, you probably already know your answer. A business degree can help you unlock a world of professional possibilities, while providing you the immense satisfaction of supporting your family and creating a better life for yourself.

If you want to learn more about business degrees, check out our article, “The Beginner’s Guide to Different Types of Business Degrees,” to explore your options and start turning those dreams into reality.

1National Center for Education Statistics, Fast Facts: Most Popular Majors [accessed June 2020] https://nces.ed.gov/fastfacts/display.asp?id=37

2Burning-Glass.com (Analysis of 1,565,450 job postings requiring a business degree, Jun. 01, 2019 to May. 31, 2020.)

3Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, [accessed June, 2020] www.bls.gov/ooh/. Information represents national, averaged data for the occupations listed and includes workers at all levels of education and experience. This data does not represent starting salaries. Employment conditions in your area may vary.

4Social Security Administration, Research, Statistics & Policy Analysis: Education and Lifetime Earnings, [accessed June, 2020] https://www.ssa.gov/policy/docs/research-summaries/education-earnings.html


EDITOR'S NOTE: This article was originally published in November 2013. It has since been updated to include data relevant to 2020.

Kirsten Slyter

Kirsten is a Content Writer at Collegis Education where she enjoys researching and writing on behalf of Rasmussen College. She understands the difference that education can make and hopes to inspire readers at every stage of their education journey.

writer

Related Content

This piece of ad content was created by Rasmussen College to support its educational programs. Rasmussen College may not prepare students for all positions featured within this content. Please visit www.rasmussen.edu/degrees for a list of programs offered. External links provided on rasmussen.edu are for reference only. Rasmussen College does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced. Rasmussen College is a regionally accredited private college.

chart-credential-laddering-healthcare-management 0 Credits 90 Credits 180 Credits 48 Credits Start Here HIGH SCHOOL GRADS Start Here TRANSFER STUDENTS Start Here SECOND DEGREE PURSUERS End Here ASSOCIATE’S DEGREE Start Here MASTER’S DEGREE PURSUERS End Here BACHELOR’S DEGREE End Here MASTER’S DEGREE chart-credential-laddering-rsb 0 Credits Start Here HIGH SCHOOL GRADS Start Here TRANSFER STUDENTS 90 Credits Start Here SECOND DEGREE PURSUERS End Here ASSOCIATE'S DEGREE 180 Credits End Here BACHELOR'S DEGREE chart-credential-laddering-rsd 0 Credits Start Here HIGH SCHOOL GRADS Start Here TRANSFER STUDENTS 91 Credits Start Here SECOND DEGREE PURSUERS End Here ASSOCIATE'S DEGREE 181 Credits End Here BACHELOR'S DEGREE chart-credential-laddering-rsjs 0 Credits Start Here HIGH SCHOOL GRADS Start Here TRANSFER STUDENTS 91 Credits Start Here SECOND DEGREE PURSUERS End Here ASSOCIATE'S DEGREE 180 Credits End Here BACHELOR'S DEGREE chart-credential-laddering-rsn 0 Credits Start Here HIGH SCHOOL GRADS Start Here TRANSFER STUDENTS 91 Credits Start Here SECOND DEGREE PURSUERS End Here ASSOCIATE'S DEGREE 181 Credits End Here BACHELOR'S DEGREE logo-accreditation-acen logo-accreditation-ccne ras-logo-flame ras-logo-horizontal ras-logo-stacked icon-bank icon-general-connect icon-general-degree icon-general-discuss icon-general-email icon-general-find icon-general-laptop-building icon-general-laptop icon-general-leader icon-general-map icon-general-paperwork icon-general-phone icon-general-speak-out icon-head-heart icon-mglass icon-scales icon-camera icon-filter icon-info-circle icon-mail-forward icon-play-solid icon-quote-mark-left icon-quote-mark-right icon-share-square-o icon-spinner icon-tag icon-simple-chat icon-simple-desktop icon-simple-find icon-simple-hamburger icon-simple-phone icon-testimonial-quotes icon-colored-outline-bank icon-colored-outline-circle-dollar-sign icon-colored-outline-folder-search icon-colored-outline-head-cog icon-colored-outline-head-heart icon-colored-outline-monitor-healthcare icon-colored-outline-monitor-paper-search icon-colored-outline-padlock-shield icon-colored-advance icon-colored-arrows-cross-curve icon-colored-build icon-colored-bulb-analytics icon-colored-certificate icon-colored-continual-developement icon-colored-folder-mortarboard icon-colored-globe-pen icon-colored-growth icon-colored-hand-bubble icon-colored-head-blocks icon-colored-head-cog icon-colored-laptop-cbe-skyscraper icon-colored-laptop-webpage icon-colored-monitor-paper-scan icon-colored-national icon-colored-police-light icon-colored-prep icon-colored-presenter icon-colored-regional icon-colored-skyscraper icon-colored-save-time icon-colored-state icon-colored-student-centered icon-colored-support icon-colored-world-experience icon-social-facebook-square-colored icon-social-facebook-square icon-social-facebook icon-social-google-plus-square icon-social-google-plus icon-social-instagram icon-social-linkedin-square-colored icon-social-linkedin-square icon-social-linkedin icon-social-pinterest-p icon-social-twitter-square icon-social-twitter icon-social-youtube-play-colored icon-social-youtube-play icon-util-checkbox-white icon-util-checkbox icon-util-checked-white icon-util-checked icon-util-chevron-down icon-util-chevron-left icon-util-chevron-right icon-util-chevron-up icon-util-language-switch icon-util-loading icon-util-open-window-button icon-util-open-window-link icon-util-pdf-button icon-util-pdf-link icon-util-refresh icon-util-x