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Here I present my case on my students should look into business degree as a major option.
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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