Business management is hard to define but generally covers a range of activities and responsibilities related to running an organization. Since it covers so many fundamentals and principles of how to run a business, it can be a fantastic course to embark on and study. So in this article, we’ll be taking a look at some of the benefits of studying business management and how it can help you with your entrepreneurial goals.

1. Learn how to manage people

Business management studies can give you an edge when it comes to managing people. Teamwork is essential in any business environment which is why you absolutely need to learn how to manage people.

2. Understand industry trends

Industry trends come and go but understanding how to identify and take advantage of them can be a huge help to your future entrepreneurial ventures.

3. Introduction to how businesses work

Businesses can be unpredictable and difficult to manage if you have no experience. By studying business management, you can examine case studies that will help you form your own strategies to help you manage your business in the future.

4. Know the Pitfalls

It’s also important to understand what pitfalls to look out for so that you can avoid them in the future. It’s never a bad idea to prepare ahead of time for issues that could completely ruin your business.

Below, we’ve included a brief infographic that talks about some of the advantages of studying online to learn more about businesses.


Infographic by Northeastern University

 

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While soft skills like problem solving and time management can help you get a job, it’s often the hard skills that really capture the attention of employers. These are more practical skills rather than personal traits and as a result they are more quantifiable. Many can even be backed up with certification. Such skills don’t always have to be complex and may be fairly easy to obtain. In fact, you may possess several of these skills already. Here are just a few examples.

1. Driving

Driving can be a valuable skill when applying for jobs. In fact, it’s believed 30% of all jobs out there require some form of driving ability. Even if you’re applying for a job that doesn’t require you to drive, it could still be a useful bonus when commuting—rather than being limited locally or having to take public transport, you may be able to consider areas you wouldn’t otherwise consider. It’s worth getting your license for, even if you have no desire to drive in your free time.

2. Digital Skills

‘Digital skills’ is a bit of a blanket term for any skills involving a computer and could include something as basic as being able to use Microsoft Word to something as complex as being able to code in Java. Many digital skills can be self-taught, but you may find it beneficial to get some form of certification to prove your knowledge such as taking the 300-115 Cisco test. With almost all jobs now incorporating digital technology, digital skills have never been more valuable – most job adverts now look for some form of digital skill.

3. Foreign languages

There’s great demand for those that speak a second language. Because this skill is so sought after and yet so rare, such jobs that require a second language are often very well paid. This could include being a translator or a teacher. As with digital skills, having a qualification such as a Spanish DELE certificate could help to provide proof of your knowledge. Some people may already speak a foreign language due to their cultural background.

4. First aid

By law, any company with employees needs a trained first aider on site. If you’ve already got first aid training, you could be a valuable asset to the team by helping to tick this box. You’re best off pursuing an official qualification such as a Red Cross first aid certificate to give proof of this skill. There’s no need to get complex medical training unless you wish to work in the medical sector, so don’t feel that you have to go all out.

5. Electrics

Everything from cars to kids’ toys now contain electrics. The amount of electrical engineers and technicians needed to build and maintain our electrical world has increased dramatically and many related jobs may look upon this skill favorably. Obtaining an electrical license is no easy feat, but it can lead on to great opportunities.

6. Writing

Most people can write, but not everyone can write well. The move to a digital world has only increased the demand for professional writing – some jobs are reliant on an ability to write emails and web copy. When applying to a writing job, it’s worth having some form of writing qualification behind you. It’s worth noting that there are many specialisms to writing such as legal writing and medical writing, typing and traditional calligraphy.

7. Drawing

Being able to draw is also a useful skill in many careers. Many design jobs require technical drawing skills, whilst there are a number of illustrator jobs. You may be able to prove that you’re good at drawing simply by showing an employer a portfolio of your work. You can however back this up with some form of drawing qualification such as a BA drawing degree.

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7 Hard Skills that Make You More Employable - #career #skills #perfectlyemployed

Once you have chosen to pursue an MBA, your next step is to choose a specialization. You can choose from just about anything that fuels your passions for the business world. Here are some options:

1. Management

The most popular MBA specialization is management. As a business administrator, it stands to reason that you will be managing people and projects, so the management specialization makes perfect sense. Many people who enter MBA programs have no idea what they will do with their MBA once they receive it, and that’s perfectly OK. If you are undecided about your career path, yet want to pursue an MBA, the management specialization is probably right for you.

Some colleges offer specializations within the general MBA management track, such as international or global management studies. If you see yourself as a globetrotting executive, look for MBA’s that focus on international studies. MBA requirements vary from country to country, so be sure to check for MBA requirements in Canada, as well as the United States.

2. Finance

If your undergraduate degree is in accounting, Finance is the natural MBA specialization track for you. You will strengthen your finance skills and learn to manage larger financial decisions than you studied in your undergraduate degree. Bigger corporations mean more data points, so expect to spend a significant amount of time studying data analysis in this degree track. The finance specialization is best suited for those who want to work for banks or control finances in a big corporation.

3. Entrepreneurship

Starting your own business may seem like a dream come true. If it does, the Entrepreneurship MBA specialization may be just what you need. You will learn what it takes to fund a startup and make the right decisions to run your own enterprise. Who knows—you could be the next shark!

4. Marketing

With the rise of social media, the way businesses market themselves is forever changing. If analyzing market data to find the right marketing campaigns sounds thrilling, the MBA specialization in Marketing may be exactly the right course of study for you.

Marketing specializations focus on sales, promotions, and customer communications, and you can use the specialization in pretty much any sort of business after you graduate.

5. Technology

One of the fastest growing MBA specializations is IT or Technology. Corporations employ huge teams of IT professionals and rely on tech gurus to create custom products and keep the company’s software and hardware systems running. If your undergraduate degree is in computer science, IT, or some form of coding, the MBA technology specialization may feel like a natural fit for you.

New MBA specializations are created all the time, so if you don’t find one that fits your needs now, chances are you will in the near future. Consulting is a rapidly growing field, too. Since most all major universities have an MBA program, be sure to research your options carefully.

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Which MBA Specialization is Right for You?

If you are dreaming of becoming an accountant in the United Kingdom, the Association of Chartered Certified Accountants (ACCA) is probably the way to go. While you have other options, the ACCA offers a great deal of flexibility which it is hard to find in other certifications. Here are the top reasons to study ACCA in the UK:

ACCA Certification is Recognized Pretty Much Everywhere

If you love to travel, ACCA may be the right certification for you. As of 2019, ACCA has students in 179 countries. You can take what you learn in the UK and work in India, New Zealand and pretty much anywhere else. With 7,400 ACCA-approved employers, you should have no problem finding a job abroad.

ACCA has a Job Board Specifically for their Graduates

When choosing a course of study, one of the biggest factors in your decision should be how employable you will be when you graduate. ACCA is a good choice because they have a job board dedicated to matching qualified employers with ACCA-qualified accountants. Employers look specifically for ACCA graduates. You will be more likely to find an accounting job quickly with an ACCA certification.

It’s a Big Organization

ACCA has over 200,000 members, so you will have a big network of peers to help support your career goals. From finding a job to pursuing professional development, there are distinct advantages to having a large network of colleagues.

Big organizations like ACCA are also seen as leaders who inspire positive change. Since ACCA advises governments, organizations and regulators, you will be part of the people with the power to change the world of accounting and how accounting is perceived.

Get Trained on Your Own Schedule

ACCA’s training courses are designed to be taken at your own pace. Exams are held each quarter, and some can be taken on-demand. So, if you are trying to study, raise a family, and hold a job at the same time, you still have the opportunity to pursue ACCA training.

ACCA has a network of partners who lead training sessions in a variety of formats, including traditional classrooms and online environments. ACCA also has their own learning platform called ACCA-X.

It Can Lead to Bigger Degrees

If you decide to pursue higher education, Oxford Brookes University offers a BSc in Applied Accounting. For those who truly love accounting, you can pursue an MSc in Professional Accountancy at the University of London.

How to Make Your Decision

If you are stuck trying to figure out which accounting certification program to pursue, evaluate your options based on these factors:

  • Which program best fits your schedule?
  • Which program will offer you more job options upon graduation?
  • Which certification is recognized where you want to work?
  • Which program gives you the best value for your tuition investment?

You should choose the program that is best for you, but if you are looking to study and work in the UK, ACCA is definitely a good option.

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Reasons to Study ACCA in the UK - #career #accounting

Many of our undergraduate students think they want to be accountants, but very few stick with this subject beyond their sophomore year. It is common to change majors a couple of times throughout your time in college; accounting seems to be one of those subjects that people start because they think it will make them earn plenty of money, only to later realize it simply isn’t the career field for them.

Although it is not a career for everyone, those who want to pursue accounting have many decisions to make. Some of the biggest choices you will have to make are in regards to your certifications.

CPAs in the US

In the United States, the vast amount of accounting majors seek CPA (Certified Public Accountant) licensure. The CPA licensing requirements vary by state, but most require a bachelor’s degree, a specific amount of experience and a passing score on the CPA exam.

To keep the license, CPAs are often required to complete at least 40 hours of professional development each year. It’s a big commitment, but the CPA licensure is expected by most employers and clients in the US.

CA: Chartered Account

If you are looking to work outside the US, you will likely need a different kind of certification and/or licensure. One of the most popular certifications in places like India is “CA” or Chartered Accountancy. CA studies focus on specific fields of accountancy such as taxation, auditing and company law. Their courses require 19 “papers” as exams. Courses last 5-6 years and there are levels for common proficiency, integrated professional competence and a final. Only about 5-10% of candidates pass the rigorous standards. Chartered accountants are preferred in India because of their vast knowledge of taxation and business finance. CA courses require 3 years of apprenticeship, so CAs emerge from college with experience, making them highly employable.

ACCA: International Recognition

The Association of Chartered Accountants, or ACCA, is an internationally recognized body. ACCA curriculum is focused more on taxes and audits than corporate finance, but the certification is more widely recognized than the CA certification. If you plan to work outside of countries where CA certification is the norm, or in a field that focuses on taxes and audits, you might want to opt for ACCA accounting courses. In ACCA courses, you will complete 14 papers during a 2-3 year course of instruction. Exams are about 2-3 hours each. About 30-40% of students pass ACCA courses.

ACCA is globally accepted, but most popular in European countries since the ACCA is located in the United Kingdom. It is probably one of the most flexible certifications available.

Which Certification is Right for Me?

Your location and aspirations are the deciding factors in choosing which accounting certifications are right for you. Since most of our readers are located in the United States, the CPA certification will be the most popular choice. But, if you majored in accounting and you are looking to make your field more exciting, you might opt for ACCA. That way, you can travel to many different countries with your certifications and find a job in various locations.

Whichever certification you choose, make sure it is suitable to your own professional situation.

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Which Accounting Certification is Right for You? - #accounting #CPA #ACCA #Career

Is an Online Business Management Degree Worth It? - #career #careeradvice #businessdegree

If you are looking for an online degree program, you will quickly learn that one of the most popular online degree majors is Business Management. While you have plenty of choices for your major, this one is sure to stand out to because it sounds versatile, like you could use it for pretty much anything. After all, everything is “business” in some way, right? And “management” shows leadership!

However, an online degree in business management is not for everyone. I graduated from a regionally accredited online degree program 15 years ago. Online education has changed drastically in that time. You have far more choices now than I did then. Before you decide to check for BA business management course programs, answer these questions:

What Will I Do Once I Have My Degree?

If you answered the question with, “I will apply for a promotion at my current job,” and a degree is a requirement for your promotion, go for the business management degree. It may be the quickest way to your promotion, and if you already have specific industry knowledge that you are using to build a career, the business management degree can support your career trajectory.

If you answered the question with something like, “I will start my own business,” or “I will invent something that will change the world, then go on Shark Tank and make a fortune,” then you might consider a degree that is less theoretical and more practical. Entrepreneurship is often a degree track in traditional business degrees, so look around for a degree that supports this passion.

The same is true of most career-specific goals; unless your goal is to be middle management or to enhance your prospects in an industry where you’re already an expert, a more specific degree may make more sense for you.

Will a Business Management Degree Help me Start my Career?

Employers complain that business majors have theoretical knowledge, but not practical application that they can use immediately. The market is flooded with business majors–1 in 5 of all undergraduate degrees are awarded in business. To have the best chance of finding a job after college, you will need to stand out from the crowd.

You are better off selecting a major that is specific to something. If you like money, try majoring in accounting–even Kanye needs an accountant, and if you hate it, you can use your mad money skills to consult or move to a business-related industry.

If you love art, but your parents say you should “major in something practical,” look at graphic art, motion graphics, and other art degrees where the end goal is employment with a high-end corporation and not just to create art for art’s sake.

The point is, passion will get you further than a general degree. If you are passionate about a subject, you will find ways to make money with it.

What is Your Endgame?

If you look at this question and answer it with, “I don’t know, I just want a degree.” Then sure, go for the business management degree because it will fulfill this goal and give you a very general degree you can use as a stepping stone to a more specific graduate degree later, when you have more clarity about what you want to do in life.

But if you do choose that path, intern throughout your degree experience. Your degree alone will not get you a job–you need practical experience that you can bring to the table immediately. The vast majority of employers do not want to train you, so be smart and gain experience while you’re working on your degree.

What I did with My Business Management Degree

The day that my business management undergraduate degree conferred to my transcripts, I enrolled in a Master of Arts in English program. In the year it took me to finish out my major credits, I had figured out that I wanted to teach, so the natural next step was to find a subject-specific graduate degree.

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Was my BS in Business Management worth it? No, not really. I’ve since worked as a manager in a big corporation and started my own business–both places where you’d think a business management degree would be useful, but it isn’t. My practical business knowledge was gained from growing up with grandfather’s construction business.

So, for me, a business management degree was a means to an end. I have three master’s degrees (English, Creative Writing, and Instructional Design), all of which serve me more. But, my story isn’t your story. Make the right choice for your goals!

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Is an Online Business Management Degree Worth it? - #career #careeradvice #businessdegree

In today’s world of online learning, you have no excuse for not improving your job skill set. You can gain the skills to improve your career without ever leaving the house. In many cases, you can learn from your smartphone, so you don’t even need a computer. Here are a few ideas:

Learn a Language

Learning a new language is easily done from home, even if you’re on the lazy side! There are some great tools for helping with language learning from home which include apps and online courses. The great thing about learning a language online is that you can also talk to people who speak the language to help you develop a better understanding. Even if you just do short sessions while watching Netflix or while you’re waiting for dinner in the oven – it can all make a difference to your language skills.

Improve Your Typing Speed

They say that practice makes perfect, and while you might already have an excellent set of skills, it doesn’t hurt to brush up on them once in a while. Typing is a fantastic example – do you know what your typing speed is? Download the KeyKey Typing Tutor for Mac and get practicing! When it comes to your skillset, there’s always room for improvement, so be sure to spend some time making yours as sharp as possible.

Become a Social Media Whiz

The majority of businesses now use social media as a marketing tool, and knowing how to navigate your way around them can be a bonus when it comes to applying for new jobs – especially within smaller companies. Having social media skills can help you with many types of job roles, as well as help you develop your own networks. Use your own channels to experiment with creating content and you’ll soon feel more confident about getting creative with social media.

Take an Online Course

If you want to really boost your career and skills, then an online training course could be the way forward. Some formal training looks great on your resume and could help equip you with the skills and knowledge needed to move up the career ladder. Most online courses can be completed in your own time, so it’s a good thing to have to dip into now and then to help you accommodate your other commitments.

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Growing your skills at home is a good way to take your career progression seriously and ensure that you equip yourself with the best job skills to help your future prospects. Why not set a challenge to yourself to learn something new and set yourself goals to help you stay on track? Learning keeps your skills on point, but it can also be a lot of fun and something different to what you usually do with your free time.

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Improve Your Skill Set without Leaving the House - #career #careeradvice #education #skills

If salary is a major motivator in your career choice, you should do solid research before you commit to a degree program. On average, people with master’s degrees do earn more than people with bachelor’s degrees. One of the most popular master’s degrees is an MBA.

Here are common job positions and their salaries for MBA’s:

Human Resources Director

Average salary with master’s degree: $92,000

Basic role description: Overall responsible for the running of the HR department and its profitability.

Director Of Operations

Average salary with master’s degree: $87,000

Basic role description: Overseeing the operations of most areas of the business, from finance to HR.

Marketing Managers

Average salary with master’s degree: $131,180

Basic role description: Management of all marketing activities, including developing marketing strategy and running campaigns.

Information Security Analyst

Average salary with master’s degree: $92,600

Basic role description: Planning IT security measures and putting them into place for systems, networks and data.

Not-For-Profit Management

Average salary with master’s degree: $64,680

Basic role description: A huge focus on fundraising efforts, along with creating strategic plans and managing personnel.

Healthcare Administrator

Average salary with master’s degree: $96,540

Basic role description: Largely responsible for budgeting, overseeing the running of the establishment, and managing staff.

Take a look at the infographic below for more information.

Infographic Design By SBU Online’s MBA Program