Why i should study "Business Studies"
Business Studies | Ever dreamed of building your own billion-dollar business like the next Facebook, Instagram or Uber? Well, before you start whipping out your new app at your basement, it’s best you get a head start by learning the ropes of business first. We know that studying business doesn’t guarantee your place in the highly-coveted billionaire club or Top 30 under 30 lists. Other equally important factors like hard work, determination, and a touch of luck that can signal the success or failure of your business. But, getting a solid grip on the inner working of business can surely up your odds of making it by giving you additional ammo to push your business forward.
Business Studies - What will you study?
Business studies focus on how organizations operate - what they do, their styles of management and their business strategies. In the beginning, be prepared to soak in knowledge on all things business - from marketing, finance, and supply chain to technology - where you’ll get a broad perspective of how businesses run. Later on, you’ll have the option to specialize in your preferred focus area with the most popular ones being accounting, finance, economics, marketing, business administration, and management.
Some of the common subjects you’ll typically learn during your first years are Accounting, Microeconomics, Principles of Accounting, Introduction to Management, Fundamentals of Corporate Finance. After your first year, you’ll need to pick an area to focus on and declare a major like Accounting or Entrepreneurship. Some universities allow for “Double Majors” or a “Major and a minor”, so you get to choose more than one field if you'd like.
For most universities nowadays, internships are made compulsory as part of the program requirements. This gives you a chance to obtain real-world experiences and may help you discover what interests you and possibly discover your passion.
What are the popular fields in Business Studies?
Degrees in business studies are very popular among students. Fortunately, universities offer many courses to match the demand:
Gives you the general overview of the functional aspects of a business with an emphasis on general business courses designed to develop communication, quantitative reasoning, and business analysis skills. You gain knowledge on business practices, processes and study how global economic trends and marketplaces impact businesses.
Provides you with the skills and knowledge to communicate the value of a brand, product or service to customers with the goal of maximizing profit while building sustainable relationships.
Equips you with knowledge on how to manage wealth, money and all its institutions. You will learn about financial management, portfolio management, planning, risk analysis as well as investment, corporate finance and banking.
Relates to the function of planning, managing, coordinating and allocating people to accomplish company goals through the effective and efficient use of available resources. It includes leading and directing businesses to achieve its business goals through the appropriate allocation of human, financial, technological and natural resources.
Relates to all cross-border commercial dealings that take place between business entities spanning two or more regions, countries or nations, including legal and political understanding in an international context.