why i want to study business essay

why i want to study business essay

The Importance and Benefits of Studying Business

1. Introduction to the Significance of Business Education

If becoming very wealthy is not important to you, why study business? Why not choose a major and a career in serving others or in public affairs? Or, if a career in business is desired, why study business and economics rather than studying law, psychology, anthropology, or the fine arts? Here are nine reasons for studying business. Business exposures develop the life skills or the transferable skills that will assist students in all personal and professional pursuits. The short list of transferable skills includes, among other skills: basic economic issues, financial literacy, negotiation skills, investment skills, as well as the myriad of business skills practiced in an office, retail, and other formal organizational settings. These skills include effective communication, analytical skills, meeting and event planning skills, documentation skills, and the skill of managing meetings or business encounters.

In a world of powerful economies and endlessly competing businesses, the time to find and harness one’s talents and passions is now. Financial issues, business decisions, and the many frameworks for dealing effectively with these decisions are always a part of our lives. Whether business is your major, a minor, or an elective, having as a part of your foundation strong business skills and exposure to business concepts will improve your future employability and position you for greater responsibility throughout your career. This preface is about the importance and the many benefits of the study of business.

2. Key Skills and Knowledge Gained through Business Studies

The subject teaches a number of different skills and presents the knowledge needed for success in your first job; for success and promotion in your career; for augmentation of your individual potential; and for understanding the complexities involved in the interaction of the elements of business. The study of business engages you in an intellectual pursuit, requiring problem-solving, critical thinking, and decision-making. Business is an interesting and enjoyable area of study that provides you with a comprehensive understanding of how the community around you works in business.

The complex and globalized world in which we live demands a broad understanding of both society and the environment, including the major decisions that determine how our economy is organized. Moreover, businesses and public organizations expect increasingly high performance through the recruitment of professionals educated in business. The study of business is a realistic, practical, and interesting academic pursuit in preparation for a wide range of careers.

3. Career Opportunities and Advancement in the Business Field

The definition of a career changes with time and the characteristics of the individual. It is important at the beginning of a career to be flexible and open to new ideas. Opportunities in the business field are as numerous and diverse as any other type of career. Career opportunities are the same exciting possibilities which allow you to develop your talents, maximize your potential, and get a great deal of satisfaction from the expenditure of your efforts and energies. Determining your individual potential is essential. It is the key to career choice. There are certain methods that can inspire the individual and help him to define his potential. Career opportunities are broader and more diversified today than in any other time in history. Career choice is the product of several factors; individual needs and interests, social expectations and attitudes about certain positions in the business field, and the opportunities and conditions of employment. The meteoric trend to both nondiscrimination and equal employment opportunity that places more emphasis on abilities and skills rather than gender or ethnic background has opened up new and exciting opportunities. After the goals have been set and the abilities defined, you should explore the opportunities that exist in the field of business. Determining the requirements for different a field or job position is the most important aspect of educational and career planning. Legal requirements are also included in this territory activation. It is illegal under current federal and state laws to consider race, color, sex, national origin, religion, marital status, age or handicap in employment decisions.

4. Impact of Business Education on Personal and Professional Development

It is often said, “it’s a jungle out there,” and not always fair. The business study prepares you to act in these “jungle-like” settings, even to rise to the top of the jungle, by enabling you to improve your personal competitiveness. This will give you an advantage in any career field you choose. The ultimate aim of a good business course is personal empowerment; that has always been the goal. The study enables your intellectual pride to conquer all personal challenges, in preparation for lifelong learning and success. Certainly, you do not need a business school to learn a good basic understanding of business, but a good business school can help make you think more efficiently and help in developing your skills and professional or career options. Indeed, business education is essential in today’s society. The business education experience is unique in that it has a direct and meaningful impact on the personal and professional development of business administration students. The reality of today’s global economy necessitates educating leaders who possess the ability to conceptualize, initiate, and manage change.

The study of business has many applications in the real world. As a student, you need to be able to personally interpret business information at a conceptual rather than a merely mechanical level. Ideas are just as important as techniques. Business is more than just a set of techniques. Business is about being able to understand business issues and apply rational thought and analysis to making problem-solving decisions. It is about understanding how business and people function, given available technological, human, and financial resources, both within the firm and the greater environment. Business study emphasizes that everything in business is conditional. They are relative and subject to qualifications and limitations. Nothing in business is finite and unalterable. Understanding this generally accepted concept is critical to getting the right managerial mindset.

5. Conclusion: The Value of Investing in a Business Education

There are many other benefits of being in the business world. Holding a business degree can also make you generally more competitive, and having this broad range of skills is considered important for being successful. Holding a business degree also has the added benefit of being flexible, so you can do a job that appeals to you. This could include jobs in marketing, technology, or health services. People holding a degree in business also generally earn more money. Business is constantly growing and developing, so there are many job opportunities for people with a business degree. The more people who run these businesses, competing with each other, means they fight and provide better goods, services, and prices. With a business degree, you become aware of many issues regarding finance, marketing, and all the other aspects of business. This helps them make better choices as a consumer and educate their friends and family. Businesses are all affected by laws and regulations, which change the way they have to operate, and this gives business owners paramount insight.

Completing a business degree has many rewards, whether you are looking to open your own company, work for a large corporation, or just advance in your career. Skills learned through a degree in business will be beneficial. There are many types of business degrees to consider, and finding the right one may be more important than you think. Business is a broad area of study that encompasses many important ideas at its core. Whether it’s a business study major or an outside thinking course, it’s a course worth studying. The importance and benefits of studying business couldn’t have been summed up more. All the above mentioned is the importance of studying business and a list of benefits made from it.