Ever wished you could manufacture a billion-dollar product? It’s best to master the fundamentals first so that you can get started right away. lets talk about business studies
Business studies – What will you study?
Business studies concentrates on how organizations function, including what they do, their management styles, and their business strategy. Be prepared to learn everything there is to know about business, including supply chain management, marketing, finance, and technology. This will give you a broad understanding of how firms function.
The most common specializations are in accounting, finance, economics, marketing, business administration, and management. You’ll have the choice to specialize in your desired focus area later on.
In your first year, you’ll likely take courses in accounting, microeconomics, principles of accounting, introduction to management, and fundamentals of corporate finance, among other topics.
You’ll need to choose a focus area and declare a major, such as accounting or entrepreneurship, after your first year. You can choose more than one field if you’d like because certain colleges allow “Double Majors” or a “Major and a minor”.
Internships are currently required as part of the curriculum at the majority of universities. This allows you the ability to gain practical experience, which may aid in identifying your interests and, perhaps, your area of passion.
What are the popular fields in business studies?
Degrees in business studies are very popular among students. Fortunately, universities offer many courses to match the demand:
Business Administration provides you with a broad understanding of the operational facets of an organization, with a focus on general business courses created to foster your ability to communicate, reason quantitatively, and conduct business analyses.
You learn about business procedures and procedures, and you research how markets and developments in the global economy affect businesses.
It equips you with the abilities and information necessary to persuade customers of the worth of a company, a good, or a service in order to increase sales and create long-lasting bonds with them.
Finance equips you with knowledge on how to manage wealth, money and all its institutions. You will learn about financial management, portfolio management, planning, risk analysis as well as investment, corporate finance and banking.
refers to the activity of organizing, supervising, coordinating, and assigning personnel in order to achieve organizational objectives through the effective and efficient use of existing resources.
It involves guiding and directing organizations to meet their objectives by properly allocating their natural, financial, human, and technological resources.
Relates to all cross-border commercial dealings that take place between business entities spanning two or more regions, countries or nations, including legal and political understanding in an international context.
How long do you study business in Malaysia?
Approximately 3 years.
Depending on the field you want to pursue, you might choose to further pursue professional papers like ACCA, CPA, or CFA for specialized subject areas like Accounting and Finance.
While CFA is for aspiring rockstar financial brokers, ACCA and CPA are professional accounting qualifications for accounting majors.
Having these professional documents increases your chances of landing the one management trainee or associate post in multinational corporations like Goldman Sachs or Accenture, even if having them is not required. We would suggest you to take the additional professional paper if you have the mental fortitude to succeed as a top-notch accountant or a posh investment banker.
Why should you study business?
1. Find the entrepreneur in you
Being an entrepreneur requires the capacity to successfully juggle multiple tasks at once and wear numerous hats.
When you pursue a business degree in Malaysia, you learn how to properly manage your money while advertising your products and services and creating a growth strategy for your business.
2. Know how businesses work
Nothing stays the same for very long in business. You’ll need a mix of brains, guts, and intuition to succeed if you want to achieve and remain ahead of the competition.
A business degree will provide you a wide understanding of how firms function along with the various market conditions and how to best detect opportunities, skills that will be useful throughout your entire life.
3. Be an expert problem-solver
Uncertainty is the only thing that is certain in business. Issues develop when plans don’t go as expected.
With a business degree, you may learn how to tackle problems as they arise and get insight from the achievements of previous business leaders and entrepreneurs.
What skills do you need for business studies?
1. Good interpersonal skills
Being able to communicate your thoughts and ideas clearly and effectively is perhaps one the most important skills you will need in business and most real life situations.
To be good and effective in business, constantly work on being an expert communicator, both verbally and in writing.
2. Be a team-player
Businesses cannot succeed alone; in fact, the definitive trait of the most successful entrepreneurs lies in their ability to attract quality talent working towards a common goal.
Most business programmes include team-based projects and assignments, where singular excellence is as important as effectively working together.
3. Strong analytical skills
For this program, reading a lot of business cases, journals, articles, and reports is required in order to produce a comprehensive analysis of the data and perhaps even a proposal idea.
Strong analytical and problem-solving skills are essential because it could even involve more complicated financial computations and projections in some circumstances.
What career can you have with a business degree?
A business degree has many benefits, including broad applicability and general relevance to a wide range of industries. If you enjoy math, you can pursue a degree in the field of investment and banking, but if being creative comes more naturally to you, consider a job in the media or advertising.
Here are some the more popular career options you can pursue with a Business degree:
- Finance Executive
- Insurance Agent
- Market Research Analyst
- Marketing Executive
- Media Executive
A Business degree is a widely recognised degree that gives you the flexibility to explore careers in many industries such as:
- Management Consulting
- Media & Advertising
- Corporate Communications
- Real Estate
You can always start your own business, though, if doing things your way suits you better. It’s not simple, but it might be well worth it for you, just like having a job. With a business degree in hand, you have an almost endless number of opportunities to use the knowledge you’ve acquired to pursue your passion.
What is the expected salary?
Business is a popular field of study. Below are the expected annual salaries of some popular entry-level jobs in this industry.
- Financial Analyst – US$ 57,000
- Accountant – US$ 45,000
- HR Manager – US$ 53,000
- Operations Manager – US$ 50,00
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