What is a Business Degree Really Worth?

Salary growthA business degree can help you climb the salary ladder.

When deciding whether to continue your education with a college degree, one of the most important questions to consider is whether a degree track holds value in today’s job market. The return on investment and career advancement that a degree brings with it are significant concerns. A recent report from Georgetown University explores the financial payoff of various college majors, and the findings are much what you would expect: Traditionally “practical” degrees like business and the sciences offer a much greater salary payoff than degrees in the arts and humanities. In fields like business, a college degree really is worth it. The report also suggests that earning a bachelor’s degree offers students an 85 percent increase in income. All of this means that now is a great time to pursue a business degree, like those offered through the online business programs at Notre Dame College (NDC).

It is important to think about the long-term benefits when discussing the value of a college degree, as the true value of a business degree emerges over the course of a person’s career. While a large-scale salary increase may not occur in the first few years after completing your degree, studies show that professionals move steadily toward their highest earning potential throughout the duration of their business career. This means that while you may start out earning a standard salary, your income will grow significantly as time passes. In fact, those with bachelor’s degrees earn about $25,000 more per year than those without a four-year degree. Whether you intend to start with an associate degree or head straight for a bachelor’s degree in business, education is the key to higher earning potential.

The Value of a Business Degree

Education really is the key to success in the business world. Though famous dropouts like Steve Jobs and Mark Zuckerberg may seem to prove just the opposite, keep in mind that they are the exception, not the rule. Business owners and entrepreneurs in the U.S. generally hold degrees. Most business owners have some college credits or an associate degree when they start their businesses, and about a quarter of them hold bachelor’s degrees. In fact, fewer than a quarter of business owners have only a high school diploma or less. Statistics like these clearly support the traditional view that business degrees lead to business success. A degree will help you start and succeed in business because business degrees apply to almost every industry in the marketplace. Your business education coursework includes learning the knowledge and skills that are essential to fields like economics, accounting, finance, marketing and human resources.

Think of a business degree as an investment in your future. Especially in the case of programs like those at NDC, that investment doesn’t have to break the bank. Our affordable and convenient online business programs are a great way to start or advance your business career.

Salaries in the Business World

Students have a wide variety of options when it comes to business careers. Even better, many jobs in the business industry are financially rewarding. The following is a list of business careers with high-paying salaries:

  • Senior financial analyst: Professionals with this job evaluate their company’s investments for quality control. The median salary for this position is around $70,000.
  • Regional sales manager: Sales managers set goals and analyze sales information to determine market opportunities. They also work closely with staff for training purposes. The annual median salary for this position is around $70,000.
  • Construction project manager: Professionals in this position plan and develop budgets for buildings, roads and other structures. The median salary for this position is about $70,000.
  • Account executive: Account executives facilitate business relationships between their company and clients. The typical median salary for this position is $65,000.
  • IT project manager: These professionals plan projects and develop new products and releases; they also facilitate cooperation between departments. The median salary for this position is about $90,000.
  • Senior accountant: Accountants analyze a company’s financial information to determine profit, loss and liability. The typical salary for this position is around $60,000.

Business at NDC

NDC wants to help you begin or advance your business career. We offer two separate business degree programs, both of which are completely online, so that you can choose the option that works best for you. Our associate degree in business management is ideal for professionals looking to jump-start their education and business career. This option offers an accessible and collaborative learning environment through challenging curriculum that prepares you for the business world. If a bachelor’s degree is what you are looking for, NDC’s business administration program also offers a concentration in business management. Through NDC’s online business programs, you will gain the knowledge and skills necessary to navigate the complexities and challenges of various business careers. For more information about business at NDC and both of these degree options, visit our business academics page.