by Anonymous on September 1st, 2008

Anonymous

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In tems of career options, would a business degree be a good way to earn a lot of money?

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  • by Simply99 -- Not a fan favorite. on September 1st, 2008

    Simply99 -- Not a fan favorite.

    Figure out what you're able to do, like to do, and pays for you to do. Basically, figure out your destination first, then the way to get there next. Remember, a degree doesn't guarantee the most money. Bill Gates doesn't have a degree, the local receptionist for a flower delivery service who makes $35,000 a year most likely does. Money doesn't buy happiness, but a career you hate brings the equal yet opposite.

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  • by tomsims on September 1st, 2008

    tomsims

    It's a step.

    It is no guarantee.

    It will give you knowledge and an entry point.

    After that, there are many factors that will help determine your success:

    1) Your own vision and dreams.
    2) You work ethic and desire.
    3) Your people skills and willingness to cooperate.
    4) Your sense of humor.
    5) Your willingness to lead through serving others.
    6) How much you invest in helping others succeed.
    7) Becoming a life-long learner and reader.
    8) Your choice of mentors.
    9) Your choice of friends.
    10) Your creative energy.
    11) How much you learn on your own about leadership and practice.
    12) Taking responsibility for your own success.
    13) Working in an area of interest.
    14) Understanding and playing to your strengths.

    You are not born with any of these qualities. They can all be developed.

    Owning your own business removes all income ceilings. After that, your skills in sales (selling yourself, your ideas, or a product) are essential. In the corporate world, your degree is only a starting place. Start working on these other qualities now - even if you are applying them in a fast-food job - become the best burger flipper the world has ever seen.

    You will go far.

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  • by Thriftymaid on October 25th, 2009

    Thriftymaid

    Not necessarily. But, if you want to work for a corporation in management, it's a good degree to have. It's also a good degree if you are planning on running a business or if you are planning to go to graduate school for an MBA.

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  • by MarthaStewart on October 25th, 2009

    MarthaStewart

    Some of them are. An MBA from Harvard is certainly a ticket to a high-powered well-paying career, but an undergraduate degree in business, majoring in accounting, is not.

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  • by Lisa on March 6th, 2009

    Lisa

    The medical, legal, engineering fields will have the most immediate return in money. But it is true money doesn't buy happiness.

    I have a business degree and am up against a whole bunch of competition and find myself at the almost bottom starting over just like the rest. Waiting tables, working 2nd jobs. etc.

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  • by qwerty on November 27th, 2008

    qwerty

    Money is nothing. If you dont enjoy what you are doing, you will do your job worse and hate it, thus earning less money or getting fired. You can take any field, and if you enjoy it and master it, then the money will come naturally. IE, you could enjoy computers and make the next facebook, or you could enjoy chemical engineering and create the next big fuels for cars.

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  • by Bob on September 1st, 2008

    Bob

    the average earnings of an mba is about $35,000 more than someone without an mba. so, while you invest two years and $180,000 in tuition, room, board, books, lost opportunity costs (salary lost for those 2 years), it usually pays for itself quickly. the value, in terms of earning potential, is highly correlated with the prestige of the institution. an mba from harvard might get you $150,000 but an mba from podunk might get you $52,000.

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  • by sleepless on September 1st, 2008

    sleepless

    It depends. I know quite a few people that have earned their MBA while working for a company. Even after they spent years geting it, their salary didn't change much and their title didn't change at all. But once they left the company, the MBA paid off and they earm about $150 K + per year.

    However, a general business degree doesn't really pay that much, about $40 K.

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  • by Doggie S on September 1st, 2008

    Doggie S

    Yes. According to:

    http://hotjobs.yahoo.com/career-articles-the_top_5_in_demand_majors-466

    Three of the Top 5 In-Demand Majors are business-related:

    2. Accounting ($47,429)

    3. Finance ($48,616)

    4. Business Administration/Management ($44,195)

    But of course, what's more important is that you do what you love to do, not just because it's in-demand.

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  • by mufaro on November 27th, 2008

    mufaro

    Its okay but its only a matter of oppotunities how do you spend your income. given the oppotunity that you spend your money wisely you will become rich

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  • by almakamad on April 27th, 2010

    almakamad

    if you're good in convincing or a deceiver then you can be a good businessman but business is gambling.. its better that you have a degree like nursing profession or engineering or a professor then have a business .. waiting for a monthly salary while gambling with business is still the best option.. that can guarantee you a lot of money

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