When it comes to work and study options, going to university and doing a business degree is a pretty safe bet. It’s a globally recognised qualification and it contains skills that are transferable across a number of industries. Whether you want to work for an established company, start your own business or join a startup, it’s a degree that will open plenty of doors. Here are some obvious and maybe-not-so-obvious reasons to study business.
1. Creating a watertight business plan
Every good business starts with a plan of some kind. The fundamental skill for any entrepreneur is learning to create a plan that’s realistic, thought-out and sustainable. If there’s one thing that you’ll definitely learn in a business degree it’s how to write a watertight business plan.
2. Crunching numbers
Numbers don’t lie, as they say, so a big part of any business plan is crunching the numbers. From there, it becomes clear pretty quickly whether the business will be sustainable or not.
3. The ability to adapt
While some aspects of business are fundamental, other aspects are constantly changing. In fact, there lots of jobs that will be obsolete in just a few years. This means that ability to learn and adapt is more important than ever. Some business degrees do this better than others but the University of Canberra has partnered with Ducere Business School to deliver the Global Game Changers Program, which has a particular focus on this.
4. Communication skills
Arguably the most important skill of all, communication is crucial within any workplace, business and organisation. Whether you like it or not, a business degree will force you to interact and cooperate with your peers (even if you don’t have so much in common), which is good practice for the future.
As the old saying goes, “It’s not what you know, it’s who you know.” And this couldn’t be more true in the business world. And the great thing about business school is that you’ll come in contact with a whole range of people, including other students, academic instructors and industry leaders. This network is priceless down the track, especially when you’re in need of a favour.
6. Interpreting financial data
Businesses function through the analysis and interpretation of trends within data. It doesn’t take a genius to figure out this scientific approach, but it’s definitely a skill with specific systems and processes that must be learned over time.
7. Critical thinking
It takes critical thinking to spot a problem with something and even more critical thinking to figure out how to resolve that problem. This is a key part of any business-related profession but also something that you can apply to the rest of your life.
If you’re thinking about doing a business degree, you should seriously check out Global Game Changers. You can get your degree in 2 years, do 2 overseas trips as part of your degree and have no exams!