It makes a lot of sense to study business, especially in today’s day and age. The field has rapidly expanded over the last 30 years as technology has taken center stage; while in the past, it was possible, and even advisable, to throw yourself into it headfirst, these days, it’s considered better to study.
There’s much more to learn about today beyond the core tenets, and formal education will arm you with the necessary knowledge to make a strong head start.
But which area should you specialise in? In this short article, you’ll learn about five of the most lucrative fields!
- Business Administration: A qualification in business administration is always going to be a surefire bet. It provides you with a solid foundation in a plethora of critical areas, such as strategic planning, finance, and business operations. It’s often considered a fundamental first step for anyone who wants to get into business, no matter what field they want to go into. You can now conveniently study business administration online, too.
- Marketing: When it comes to running a business, marketing is everything. No matter whether you’re looking to set up your own business or join a team of similarly minded individuals, the ability to make people want what you’re selling is a fundamental skill. Courses in this area will teach you how to use a wide range of materials, from physical methods to the now huge array of possibilities in the digital realm. If you think you have a flair for understanding what makes people tick, this area may be for you.
- Finance: Specialising in finance is never a bad bet for those who want to succeed in business. You can’t go wrong if you learn how to manage money properly, and from investment banking to financial analysis, there are many opportunities for those who excel here. Finance is usually best for those who have a strong aptitude for maths. Quick, highly calculated minds do well, so if this sounds like you, consider this avenue.
- Data Science and Analytics: As time marches on, advancements in digital technology mean that companies are processing and collecting more data than ever before. Given so, the need for highly-skilled professionals who can analyze and interpret this information accurately and efficiently is at an all-time high. It’s also a highly transferable skill set. Experts in data science are required across virtually all areas of big business, from healthcare to retail.
- Supply Chain and Logistics: The way people purchase products, especially since the COVID-19 pandemic, has drastically changed over the last few years. Companies like Amazon have changed the game with their Prime service, with plenty of other retailers following suit. The demand for immediate service is at an all-time high, and that requires experts with strong multi-tasking skills to manage supply chain and logistics. If you’re good at tackling many roles at once and enjoy a fast-paced work life, this area is for you.
Wrapping Up
The above represents just a few of the most important and exciting fields in business, but there are more to investigate. Be sure to do your own research to drill into what’s best for you. Good luck!
