Money talks. It always has. And the laws of economics say that it always will, and nothing we can say or do will ever change that. And although there’s an old adage that says “knowledge is power”, that knowledge is powerless if it’s not backed by money. And how is money generated? Well, through business, naturally. And what do we have to do to acquire the means to grow a business and thus churn out money? Why, we commit ourselves to get an education in business, of course.
If you’re still not sure that a business degree is what’s right for you, just look around you. In the past year or so, countless businesses have floundered and countless more have failed and been forced to face liquidation. It doesn’t take a worldwide pandemic to bring businesses to their knees, though. On an ordinary day, every single day of every single year, many business owners, without the necessary know-how, find themselves facing the end and closing down.
This is why it is even more obvious that a business degree is what’s going to set you up and set you apart from all those business owners whose businesses have failed, from all those who ran companies that have failed. Here at SEGi College, we’re here to give you ten reasons why a business degree is the right path to take.
Why a Business Degree?
An education in business is a holistic and comprehensive way to equip you with the prerequisite academic knowledge in diverse fields and the necessary strategies to help you chart your path to success as a successful entrepreneur, as a manager of both people and plans, as a leader in the industry.
10 Reasons to Study a Business Degree
by Ms Koh Yoke Ling
Deputy Dean, Joint Faculty of Business & Accountancy, SEGi Group of Colleges
Head, Faculty of Business & Accountancy, SEGi College Subang Jaya
- Learning to be a Leader
Managing a business and teams within that business isn’t easy. It can be likened to a juggler juggling balls while balancing on a unicycle. It’s not easy because there are just so many constantly changing factors to consider, such as changing market trends, changing needs, desires and financial capabilities, changing technology. It’s safe to say that everything will constantly change. But a business degree will teach you exactly how to anticipate, manage and overcome these changes and still bring your business the success it desires and deserves.Of course, you could acquire business management skills by trial and error, gaining experience over a lifetime. Or you could take up a business degree and leverage on other people’s experiences and knowledge, by studying existing and proven management models, frameworks and best practices, hence saving yourself invaluable time and money. Because, let’s face it, time is money. A business degree will teach you how to predict what’s going to happen in your business timeline and arm you with the necessary mindset and tools to overcome the challenges that might threaten the survival and success of your business. - Seeing the Big Picture
Business degrees aren’t very technical, but they do teach you a lot about the principles of economics, business, and management. A business degree will help you gain comprehensive knowledge and a deep understanding of these core elements upon which all businesses enterprises are built. A business degree will help you see beyond the technical day-to-day operations of a business and provide industry insights (such as market trends, emerging opportunities and industry reports), for you to rise to the occasion, above your peers and your competitors, to enable you to manage, lead and grow your business or the organisation which you will lead. You will build an awesome skillset with which you will respond to the current challenges and developments in business and in society, giving you the ability to make informed and educated managerial decisions that consider ethical, economic and social implications. - Widening Your Perspective
A business degree doesn’t teach or allow you to just focus on what the eye can see. A business degree enables you to have the kind of thinking that looks at everything from a global perspective, especially when globalisation is now ubiquitous and can no longer be ignored. Anyone with real business goals, plans and dreams look beyond their own front yard (or backyard).At SEGi our perspective is always global. Both inwards and outwards. We have lecturers from the UK and the US, with their myriad expertise and experiences. And we have students coming to us from all corners of the world, bringing with them their very own global perspectives. Imagine then, what a rich source of cultural and political insights you will gain from being immersed in this endless treasure trove of learning! - Business Here, Business There, Business Everywhere
Take another look around you. Undeniably, no matter what career or industry you choose, everything is business. It’s how the world thrives and survives. Dr Derek Watson, Associate Professor of Cultural Management, Unversity of Sunderland (SEGi College Subang Jaya’s partner university from the UK) believes that the world’s problems are becoming more complex and that we need leaders with skills that only an MBA can provide.
Dr Derek Watson, University of Sunderland Associate Professor in Cultural Management. Be it from a management, financial or accounting perspective, businesses can only succeed when there is a strong understanding of how businesses work. A business degree will teach you how to make more discerning, informed and educated business decisions. This business acumen is essential in both financial and accounting roles, but also at all levels of management, and especially when you’re contemplating creating and running your own business.
- Creating Endless Choices
A degree in business will equip you with highly desirable transferable skills and strong business knowledge, and these are two characteristics that are highly sought after by employers everywhere. In your business degree journey, you’ll learn how to effortlessly shape the direction of your career and choose whatever specialist area of business that interests you. It could be entrepreneurship, marketing, human resource management, or whatever else you choose to do. Imagine that, a world of possibilities! And would you know? All, and this means 100%, of SEGi’s business students are employed within six months of graduation. Yes, even during the COVID-19 pandemic! - Making Money Talk
Seventy per cent of professions in the top ten highest paying jobs in Malaysia listed by Michael Page (a global headhunting company) are business-related professions. These include C-suites, finance and banking, sales and marketing, and shared services (human resources, legal, procurement, and etc). CEOs, CFOs and Marketing Directors’ average a monthly salary of between RM8,820 and RM14,700, according to Salaryexplorer.com. - Protecting Your Future
Armed with your business degree, you will be among those most employable graduates, even in the face of an economic recession. Why? Because you will be one of those whom businesses rely on and cling to for their very survival! It’s a sad but true fact that many business owners did not have the foresight or ability to arm themselves with business degrees. Even more, then, the value you will add to their companies! According to the Graduate Management Admission Council (GMAC) in the US, following the Great Recession between 2007 and 2009, 86% of business school graduates found employment in 2011 after earning their degrees. Business degree graduates are always in great demand in such areas as financial management, information technology, management, and human resource management. - Leaving Your Options Open
If you’re not completely sure of what you want your future career to be, or you just want to have a wide scope of knowledge, then a business management degree is a great choice for you. You’ll learn an overview of the main business functions that contribute to the success of a business, and then by honing in on these general skills, you’ll be able to specialise in an area of your choice somewhere down the line in your career. - Combining Your Interests
The best part of a business degree is the leeway to combine this education with any other programme of your choice. We’ve already established that business is everywhere. A business degree can and will never do you wrong. In fact, whichever way you look at it, it can only do you a great big favour. So no matter how you change your mind later on along the line, all you’ll be doing is strengthening the focus of your eventual field!With over fifty electives and over ten industries from which to choose, SEGi Group of College’s business programmes will empower you to customise your own study plan. - Becoming Your Own Boss
Dreaming of running your very own business one day? We at SEGi College can help you do this, and we can help you to be the exception to the rule that says that 50-95% of start-ups in emerging countries like Malaysia fail within three years. Running a business isn’t child’s play. It’s so much more than physical space with a nice shop name and waiting for the shop bell to ring. Real business is about knowing how to wisely manage your money, what to do and what not to do in your all-essential business plan, how to bring in the customers and keep them coming, and how to keep your show running. And we’ll show you exactly how.
So don’t wait another day! Call us right now, and before you know it, you’ll have what it takes to make it, and to make it big, in the business world!
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