Major Degrees of Study in Business and Economics

Planning your career in business and management sciences? A degree from many available majors in business and Economics will open paths for limitless opportunities in either of your desired career fields.

By opting for any of the commonly sought after business and economic majors, you prepare yourself to be wealthy. Plus, you can work in any business, nonprofit and government organization. It is recommended to choose a highly marketable degree but keeping your interest in mind is also inevitable.

To help you decide which degree will be the best option for you we have gathered a list of the following most popular business and economics majors you can choose from.

And to give you an even better idea we have divided the list into 2 categories; business & economics – let’s get right to these, shall we?

Major Business Degrees You Can Choose from

1.  General Business 

General business is a popular choice of a degree since the skills taught this program will be applicable to multiple fields. The coursework of a generalist degree will cover bits of everything (relevant to business studies) required to work in today’s organizational settings.

You will learn about basic accounts, analysis and interpretation of data, communication and working within teams. After graduating in the general business degree you may find opportunities such as a human relations representative, store manager, sales and service representative and many other options with relevance to your skillset and knowledge.

2.  Business Administration and Management

Business Management and Administration are somewhat similar to the general degree however on a bigger canvas – meaning the spotlight shifts towards leadership, ethics, global issues and financial analysis as an addition to the business basics.

You can find many relevant and high paying job opportunities coming your way after graduating in Business administration and management degree – such as advertising and marketing manager, financial analyst and advisor, human resources supervisor and service manager in administration.

3. Entrepreneurship or Entrepreneurial Studies

A common misinterpretation regarding the majors in entrepreneurship is the fact that people automatically assume you are planning on a startup of your own. In fact, a while ago people were skeptical whether or not business schools even offer entrepreneurship as a course, let alone a degree major and the required set of skills and talent you have got to have to become an entrepreneur just comes naturally!

When in reality, many students are choosing this degree as their major since every organization wants business leaders who can help pick up the pace of their growth. For example, whoever has studied entrepreneurship is most likely to succeed with an online store than someone who doesn’t know the practical realities of running an ecommerce business.

You can find almost 500 leading business schools around the world that currently offer entrepreneurship programs. You will learn about drafting business plans, market ideas, crafting elevator pitches, fundraising etc. graduating with an entrepreneurship degree you will be able to find a suitable position in a multinational corporation, startups and SMEs.

4. Marketing

In the last decade, marketing and the concept of marketing being taught has tremendously changed with the advancements in technology. Which arose the need of freshly minted marketers with the cutting-edge trends of the industry.

Today, marketing is about branding – in the digital world, all that matters is how you maintain and stay relevant on social networks and other digital mediums with the use of technology. A major degree in marketing will help you understand audiences, using technology to your advantage, saving your organization’s reputation with the help of social media and making a brand visible.

Major Economics Degrees You Can Choose From

1. Macroeconomics

Also known as monetary economics, macroeconomic invites people to examine the economy as a whole. The core areas of study involve the analysis of a nation’s interest rates, inflation, production and income. The field is somewhat mathematically demanding as it focuses on quantitative and qualitative research.

Macroeconomic students are also expected to utilize analytics thinking and crucial skills to prepare for their study. Several sectors of the economy such as healthcare, law, etc. require the application of macroeconomic experiments.

2. Development economics

Another interesting major for economics students is development economics. This looks at the development and growth of third-world countries, as well as ways of enhancing employment, improving the equality of wealth and reducing inequalities between different sectors of the economy.

The study in this field may also revolve around national customs, international intervention, and various aspects of poverty. All of this makes development economics the ideal major for people interested in examining the issues related to third-world poverty. With that said, it isn’t always restricted to the study of third-world nation. The major also brings other tiny economies into the limelight, like stats, cities, and neighborhoods.

3. Environmental economics

This is another important field of study that analyzes the makeup of environmental resources like forests, fishers, and farming. Depending on the student’s place of study, the major may also be known as “natural resource” or “agricultural” economics. Topics may also revolve around policies pertaining to clean air, energy, and mineral resources.

Whoever gets this degree has a bright future ahead. For example, by the end of 2012, a lot of environmental economics majors were working in government, technical, and scientific fields. Some may also find employment as project planners, so the future prospects of this profession are sky high. The only downside to this major is that most of the practical experiments take place outside of the classroom setting. The thesis too may require students to visit remote agricultural areas for data collection and analysis.

Final Verdict

Both business and economics are highly coveted fields of study, so whatever degree you choose to pursue from the list above, you can be sure that there’s a bright future ahead of you.