The Road to a Successful Business Career

March 15, 2013  |  Business, Educational

The most sought-after degree today has grads landing their first jobs within six months of graduating. Business degrees make up 22 percent of the 1,650,000 bachelor’s degrees awarded in 2009-2010. This is over two times as many degrees as the second most sought-after field.

The popularity of business degrees may be because while unemployment hit record highs, the business field seemed to be recession-proof. When unemployment hit 9.9 percent, business grad hiring remained strong. In fact, three-fifths of the most hirable majors are within the business field — business, accounting and economics.

At the time that unemployment was at 9.9 percent, 92.6 percent of recent business students were being hired, 94.6 percent of experienced business students were landing jobs and 95.6 percent of business graduate students were finding employment.

Salaries in the business field are another attraction to pursuing a degree. The median starting salary for those with a Master of Business Administration is $90,000 and business majors make an average of 2.2 percent more than graduates of other majors such as; education, health sciences, and humanities and social sciences.

Salary growth is also high, with marketing jobs topping of with 2.7 percent growth and economics up 1.7 percent growth. Job security is another factor that makes business school so appealing. From 2011 to 2012, job opportunities for MBA graduates rose 24 percent and in 2012, 79 percent of companies said that they are planning to hire more recent grads.

Business school, specifically, is beneficial to its students in many ways. Business school offers students the chance to effectively network and build future business connections. Successful businesses show that 47 percent of their business comes from effective networking activities. In this infographic, New England College explores the ways in which a business degree can be the best choice for a fast-changing economy.

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