Why Earn a Business Management Degree?

Business management is broadly defined as leading an organization’s people and overseeing its operations to achieve specific business goals. Every organization and every sector of the economy requires competent professionals to lead business management. To be successful, business management professionals should have a firm grasp of their businesses’ operations and past performance, but they are also expected to have a vision and plan for the future. An ability to inspire and lead others is a key attribute of people working in business management, as is having strong communication skills, the ability to think critically, and strong team-building skills.

Being that virtually every organization and every industry requires business management, the fields of study within business management can be extensive. Those fields include accounting, finance, marketing, human resources and others. For example, at DeVry we offer 11 specializations within our Bachelor of Management program, including  specializations in Health Services Management, Global Supply Chain Management, and Sales and Marketing.

The benefits of a business management degree can be many. The concepts learned through a business management degree can have immediate application to business. At DeVry, many of our professors share a real-world perspective that comes from their experiences working in the field of business. In addition, the ability to connect with peers, such as through group discussions and activities, while earning a business management degree can help bring the concepts you learn to life while you establish professional relationships.

A business management degree can also expose you to a broad range of critical business concepts, including budgeting and forecasting, project management, strategic planning and more. For those looking to switch careers, a business management degree can potentially open doors to new fields and industries.

Because the application of a business management degree can be so broad, there are many opportunities available to those who are interested in a career in business management. A business management degree can position you to explore new roles with different employers, but it can also help you move forward within an existing career. Business management is a growing field. According to the U.S. Bureau of Labor Statistics, employment in business management occupations, on a national level, is projected to grow faster than the average for all occupations between 2019 and 2029. That growth is expected to result in about 505,000 new jobs.¹