Why Business School

Why Business?By Dru Macasieb

MONEY ADVANTAGE

Category 2013 Average Salary 2012 Average Salary Percent Change

Business $54,234 $50,633 7.1%Communications $43,145 $41,550 3.8%

Computer Science $59,977 $57,529 4.3%Education $40,480 $38,524 5.1%

Engineering $62,535 $60,151 4.0%Health Sciences $49,713 $45,442 9.4%Social Science $37,058 $36,371 1.9%

Math & Sciences $42,724 $41,430 3.1%Overall $44,928 $42,666 5.3%

Average Salaries by Discipline

*Source: April 2013 Salary Survey, National Association of Colleges and Employers 

BUSINESSIS IN

DEMAND

BusinessComputer and IT

EngineeringHealth Professions

Eginerring TechnologiesMath & StatisticsCommunications

EducationScience Technologies

Liberal Arts and Humanities

0% 5% 10% 15% 20% 25% 30% 35%

In a nationwide online survey of more than 2,000 employers, CareerBuilder and Harris Interactive© asked companies which college majors were most in demand at their firms.

Source: Grasz, 2013

The Top In Demand College Majors

BusinessAdvertising

Computer SoftwareAccounting & FInance

HospitalityAutmotive

Sales & MarketignTraining

Non-ProfitRetail

Healthcare

0% 10% 20% 30% 40% 50% 60%

Industries with the largest year-over-year growth for entry-level jobs (with at least 1,000 active jobs in March)

Source: Grasz, 2013

Top Industries Hiring Recent College Grads

SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Fall 2000, Fall 2005, and Fall 2010, Completions component.

Bachelor’s degrees conferred by degree-granting institutions in selected fields of study: 1999–2000, 2004–05, and 2009–10

(National Center for Education Statistics, 2012)

LOWESTUNEMPLOYMENT

RATE

Source: Grasz, 2013

Top Occupation for Recent College GradsTop Occupation for Recent College Grads1 Registered Nurse

2 Sales Representative

3 Account

4 Customer Service Representative

5 Industrial Engineer

6 Retail Salesperson

7 Medical and Health Services Manager

8 Physical Therapist

9 Occupational Therapist

10 Computer Support Specialist

Entry-level occupations with the most job listings (with at least 3,500 active jobs in March)

*

*

California Employment by IndustryPercent Change from 2012 to 2013

*Business management related field.Do not forget, every industry has someone in business (i.e. human

resources, accounting, management, finance and sales)

Business is in EVERY industry

No matter if you are in healthcare, technology, education, or basket

weaving, business present in EVERY industry in the form of: finance, human resources, management, marketing, and sales to

name a few.

Human Resources

Management

Accounting

Finance

Marketing

Sales

OTHER REASONS

YOU are a Business

• To often people misdefine the word “business”

• Business is an activity that someone is engaged in

• Therefore the study of business is the study of activity.

• The concepts you will learn not only apply to organizations but also to your personal life.

Business Skills that translate to your personal life

NetworkingFinance

LeadershipPeople Skills

CommunicationsConceptual Thinking

A Business Degree Gives Upward Mobility

0%

20%

40%

60%

80%

100%

2007 2018

10%11%

23%21%

12%10%

17%17%

28%30%

10%11%HS DropoutHS DiplomaSome CollegeAssociate’s DegreeBachelor’s DegreeMaster’s Degree or Better

Source: Carnevale, Smith & Strohl, 2013

Advancement opportunities in the

future are being paved by a business degree.

Fact: More and more

employers are raising their educational

requirements

ReferencesGrasz, J. (2013, May 2). Careerbuilder releases most in-demand college majors and

entry-level jobs with the most growth. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=5/2/2013&id=pr755&ed=12/31/2013

National Association of Colleges and Employers. (2013, April 13). Average starting salary for grads with bachelor’s degrees rises 5.3 percent. Retrieved from http://www.naceweb.org/s04172013/average-starting-salary.aspx

National Center for Education Statistics. U.S. Department of Education, Institute of Education Sciences. (2012). Digest of education statistics: 2011. Retrieved from website

California Employment Development Department. California Employment Development Department, Labor Market Information Division. (2013). The economy: Information on the state and local labor markets. Retrieved from Current Employment Statistics Program website: http://www.labormarketinfo.edd.ca.gov/Content.asp?pageid=4