Is a Business Management Degree Worth It? Pros, Cons, Jobs & How to Graduate Faster!

Summary

In this video, Ryan Swait explores the pros and cons of earning a business management degree. He highlights its wide range of career opportunities, ease of acceleration, and high demand in the job market. Ryan also discusses how you can complete the degree in as little as six months through 'degree hacking,' a method of testing out of courses. While business management degrees are versatile, he cautions about competition and the advantage niche degrees may offer in specific job markets. Overall, Ryan emphasizes that this degree is a solid choice, especially for those unsure of their career direction in the business world.

Takeaways

• 😀 Business management degrees open a wide variety of career opportunities in different fields.
• 😀 A business management degree is a broad degree, making it easier to switch career paths compared to niche degrees.
• 😀 It's considered one of the easiest undergraduate degrees, particularly if you're aiming for an MBA later.
• 😀 You can accelerate a business management degree and complete it in less than a year, even in as little as six months.
• 😀 The demand for business management professionals remains high and stable in various industries.
• 😀 Niche degrees can sometimes give graduates a better chance in highly specific job markets.
• 😀 Competition for jobs in business management can be tough since many people hold similar degrees.
• 😀 A business management degree can lead to a variety of roles, such as a business advisor, consultant, accountant, or project manager.
• 😀 Degree hacking (testing out of classes) can significantly shorten the time and reduce costs to earn a business management degree.
• 😀 Double majoring or further specializing in fields like marketing, accounting, or human resources is relatively easy after completing a business management degree.

Q & A

What are the advantages of a business management degree?

A business management degree opens up a wide variety of career opportunities across multiple fields. It is a broad degree, allowing flexibility in career choices, and can be an easy stepping stone toward an MBA. Additionally, it has a high career demand and can be accelerated to earn in as little as six months.

What is meant by a 'broad degree' in business management?

A broad degree like business management allows graduates to explore various career paths, rather than being confined to a specific niche. This flexibility is a major advantage for individuals who are not sure about their exact career direction.

Why is business management considered one of the easiest undergraduate degrees?

Business management is often considered easier because it covers fundamental business principles that are applicable across various industries. It is also easier to accelerate through testing out of courses, allowing students to earn a degree more quickly.

Can a business management degree be completed in less than a year?

Yes, it is possible to complete a business management degree in as little as six months by using a method called 'degree hacking,' where students test out of courses instead of following the traditional classroom route.

What is degree hacking and how does it work?

Degree hacking involves finding accredited programs that allow students to test out of classes. By passing exams, students can quickly move through their coursework without spending time on traditional lectures or assignments.

What are some of the potential job opportunities with a business management degree?

With a business management degree, you can pursue careers in business advising, consulting, management, financial advising, accounting (with certification), stock market analysis, human resources, marketing, project management, and more.

What are the cons of earning a business management degree?

The main drawbacks include facing fierce competition since many people hold business management degrees. Additionally, if you choose a niche career path (like marketing or advertising), you may be competing with candidates who hold more specialized degrees in those fields.

Is it better to choose a niche degree or a broad degree like business management?

If you are unsure about your career path, a broad degree like business management may be a good choice since it offers flexibility. However, if you already know the specific field you want to enter, a niche degree might give you an edge in that industry.

How can degree hacking help save money on tuition?

Degree hacking can significantly reduce the cost of tuition because students are not paying for the time spent in classes. Instead, they only pay for the tests they take, which can be a fraction of the cost of traditional education.

Can someone with a business management degree specialize further down the line?

Yes, someone with a business management degree can easily specialize further by pursuing a double major or additional certifications in areas like marketing, advertising, or accounting, making it a versatile starting point for future specializations.