Why You SHOULD Study Business Management Degree

clouds joo
22 Feb 202113:04
EducationalLearning
32 Likes 10 Comments

TLDRThe video discusses the benefits of pursuing a business degree to provide a counter perspective to a previous video that focused only on the downsides. It argues business degrees offer flexibility for undecided students, can lead to lucrative careers like investment banking and consulting, tend to have lighter workloads allowing time for extracurriculars, teach essential life skills like finances and presentation abilities, and provide a breadth of specialization options needed at all companies.

Takeaways
  • 😊 The purpose of the video is to highlight the pros of studying a business degree, not to discourage people from choosing it
  • 👍 Business degrees provide a broad, general education that keeps your options open if you are unsure of your specific career goals
  • 💰Business can lead to high-paying careers like investment banking and consulting, but you have to be strategic
  • 😎 Business degrees tend to have lighter workloads than other majors, giving you more time for extracurriculars
  • 🤑 Learning practical skills like financial literacy and presentation skills can give business students an edge
  • 📈 Business teaches transferable skills applicable across many industries, giving you lots of options
  • 🎓 The video creator enjoyed her business degree and doesn't regret choosing it
  • 🔼 A business degree can open up opportunities you may not have otherwise
  • ✅ The video aims to reassure those questioning their choice to pursue business
  • 👍 The creator recommends business degrees overall
Q & A

  • What was the purpose of the previous video discussing why you should not pursue a business degree?

    -The purpose was to communicate the cons and downsides of a business degree, not to discourage people from pursuing one. The goal was to provide a balanced perspective.

  • Why is a business degree a good choice for someone who is unsure of their career path?

    -A business degree provides a broad, general education that leaves many career options open. It serves as a flexible launching point for various jobs in business, finance, management, etc.

  • What are some high paying career options that a business degree can lead to?

    -Options like investment banking, consulting, and other financial services can pay very high starting salaries for business graduates. However, these careers are highly competitive.

  • Why does a business degree typically have a lighter workload than other majors?

    -Business coursework tends to have fewer intensive lab components and lecturing compared to degrees like engineering or sciences. This frees up time for extracurriculars.

  • What essential life skills can a business education provide?

    -Business teaches financial literacy skills around budgets, taxes, investing as well as soft skills like presenting, selling yourself, and networking that are applicable to daily life.

  • What business specializations did the speaker mention as potential career paths?

    -Marketing, human resources, logistics, sales, advertising, investment banking, finance, strategy, accounting, and auditing were all mentioned.

  • Why are business roles needed across industries, even essential ones like healthcare?

    -All companies require support functions like marketing, finance, HR etc. to operate, so business graduates have versatile career options.

  • Does the speaker ultimately recommend pursuing a business degree?

    -Yes, the speaker seems very happy with her business degree and would likely choose the same path again looking back.

  • What advice does the speaker have for those concerned about choosing a business major?

    -She recommends putting those concerns at ease, as there are many pros and advantages to a business degree that outweigh the cons discussed previously.

  • What steps would a business student have to take to achieve a high salary post-graduation?

    -Achieving high pay requires strategically picking business specializations aimed at high finance/consulting and attending a target school or networking rigorously.

Outlines
00:00
😊 Why business degrees are a good general option with lots of versatility

Business degrees provide a broad, versatile education suitable for those unsure of their career path. Business roles are needed across most companies and industries. A business degree keeps your options open since it equips you with transferable skills.

05:01
😎 Business degrees have a lighter workload than most majors

Business students tend to have a lighter workload than other majors like medicine, engineering, or economics. This frees up time for extracurriculars, jobs, and personal goals. It's also easier to get top grades with the lighter load.

10:02
💰 Business degrees open doors to potentially lucrative careers

Although business degrees don't guarantee high pay, they provide routes into very lucrative fields like investment banking, consulting, and financial services. These roles can start at £45k+ in the UK. Business knowledge is valued.

Mindmap
Keywords
💡Business degree
A business degree refers to an undergraduate or graduate academic program that provides foundational knowledge and skills related to business, management, and administration. In the video, the narrator discusses the pros and cons of pursuing a business degree and argues why it can be a good choice. She highlights the broadness of business degrees, their potential to lead to high-paying careers, the lighter workload compared to other majors, and more.
💡Workload
The workload refers to the amount of academic work, studying, assignments, etc. that a university student has to complete. The video states that business degrees tend to have a lighter workload compared to majors like economics, medicine, and engineering. This enables business students to have more free time for extracurriculars and achieving a first class degree.
💡Soft skills
Soft skills refer to interpersonal qualities and abilities like communication, presentation, persuasion, emotional intelligence, etc. The narrator argues business degrees help students develop these skills through group projects, presentations, and networking. She contrasts technical degree programs which may not nurture soft skills as much.
💡Financial literacy
Financial literacy means having the knowledge, skills, and tools to manage one's finances and make sound money decisions. The video criticizes the education system for not teaching basic financial literacy and praises business degrees for covering concepts like taxes, budgeting, financial statements, and more.
💡Specializations
This refers to the focused areas of study and career paths within the broad domain of business. The video lists specializations like marketing, HR, accounting, finance, strategy, etc. It also notes that companies in every industry require these business roles.
💡Target schools
In the context of investment banking and consulting careers, target schools refer to a select group of elite universities that firms actively recruit from. The video acknowledges breaking into high finance from non-target schools can be extremely difficult.
💡Return on investment
This is an analysis of the financial gains from an investment relative to the cost incurred. When discussing high paying careers like medicine and dentistry, the video argues business careers often require less years of study, so the return on time investment can be more attractive.
💡Essential industries
Essential industries refer to economic sectors that provide fundamental goods and services required for human well-being and societal functioning like healthcare, education, infrastructure, etc. The video argues essential industries now intersect with business due to privatization, technology, etc.
💡Breadth of options
This describes the wide array of career paths and specializations available within business degrees. Unlike narrow degrees that funnel graduates into limited roles, business degrees offer flexibility and breadth of options spanning many industries.
💡Safety net
The metaphor of a safety net conveys the security and risk aversion offered by business degrees. For undecided students unsure of their career direction, business serves as a safe broad degree with many post-graduation options across industries.
Highlights

Business degrees provide a broad education suitable for those unsure of their career path

Business can lead to high-paying careers like investment banking and consulting

Business degrees tend to have a lighter workload than other majors

The lighter workload allows more time for extracurriculars and jobs

Business students develop financial literacy and other life skills

Business teaches essential soft skills like presenting and selling yourself

Business graduates have a breadth of career options to choose from

Every company needs positions that business degrees prepare you for

Industries like healthcare and education now need business roles too

The video creator recommends business degrees despite earlier doubts

A business degree provides a great foundation for Masters programs

The creator is happy she chose business and wouldn't change her path

The creator aims to ease concerns about regretting a business degree

Comment if this video has helped provide reasons to study business

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Transcripts

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