What Are the Further Study Options Available to Me With a Degree in Business Studies?

Having a degree in business studies offers a broad range of career opportunities, from marketing and finance to human resources and management. Therefore, additional study options can open up even more opportunities, providing business degree holders with the chance to specialize in a particular field or obtain a more advanced qualification.

There are numerous further study options available to those with a degree in business studies, including Master’s, MBA, and Doctor of Business Administration (DBA) degrees, as well as various professional qualifications and short courses.

This article will examine the different further study options accessible to those with a degree in business studies.

Key Takeaways

• Business studies graduates have a range of options for further study, including pursuing additional qualifications, master’s degrees, MBA programs, and professional certifications.
• Online learning has made it more convenient to obtain professional certifications and qualifications from home.
• Short courses in various business areas, such as marketing, finance, HR, and entrepreneurship, can improve skills and knowledge.
• The ultimate aim of further education is to gain new knowledge and skills that can be applied in various business situations.

Master’s Degree

A Master’s Degree in Business Studies offers advanced knowledge and skills for the professional working environment. This degree builds upon the knowledge gained in a Bachelor’s Degree, and prepares graduates for a more specialized role in the field of business.

Career prospects and salary expectations are enhanced with a Master’s Degree, and it can unlock new opportunities in the field. It also provides the chance to gain fresh perspectives on business practices, learn more about the industry, and develop the skills necessary to become an effective leader.

With a Master’s Degree, graduates are equipped to take on higher-level positions in the business world, and command higher salaries.

Masters of Business Administration

Earning an MBA can be a way to enhance professional credentials and open doors to career advancement opportunities. It can be particularly beneficial for those looking to enter specialized fields, such as finance, accounting, or marketing, as well as those seeking leadership roles and increased earning potential.

Some benefits of obtaining an MBA include increased job prospects in the business industry, higher salaries compared to those without an MBA, and access to a global network of professionals who can assist with career advancement. Graduates can gain the necessary skills to make a significant impact in the business world.

Professional Qualifications

Obtaining professional qualifications can bring a range of benefits to those looking to progress in their career. Business studies graduates have various certification pathways available to them, such as the Chartered Financial Analyst (CFA) and the Certified Public Accountant (CPA), which provide a thorough understanding of business, economics, and finance principles, laying the foundation for a successful career. With the emergence of online learning, students can now obtain professional qualifications from the comfort of their own home, with flexible learning solutions that can fit into their schedule and allow them to learn at their own pace. Online courses offer the same quality of education as traditional courses, providing the same certification and job opportunities. Hence, professional qualifications can be an excellent way for business studies graduates to enhance their knowledge and advance their career.

Doctorate in Business Administration (DBA)

Obtaining a Doctor of Business Administration (DBA) is a highly sought-after certification for business professionals, providing advanced knowledge and skills in business management and strategy. It is an ideal option for those who wish to gain an advanced understanding of business management principles, as well as develop research and critical thinking skills.

Benefits of a DBA include:

• Access to potential research funding from a variety of sources, including government grants and industry-supported scholarships.
• Opportunity to deepen knowledge and understanding of a specific area of business studies.
• Professional recognition and career advancement.
• Increased confidence and improved decision-making skills.
• Enhanced teaching and research abilities.

Short Courses

Acquiring a comprehensive comprehension of business principles and strategies can be attained through short courses. These courses can lay a strong foundation for individuals interested in career advancement or seeking to improve their job opportunities. There are various courses available, covering areas such as marketing, finance, human resources, and entrepreneurship. Each course can offer students valuable insights into the relevant field, equipping them with the knowledge and skills necessary to progress in their chosen profession.

Professional Development Courses

Professional development courses offer a range of benefits for individuals with a degree in business studies. These courses can provide a greater understanding of specific business topics and the opportunity to apply this knowledge in a practical setting.

Moreover, professional development courses can facilitate career advancement by enhancing one’s knowledge and skills in the business field. However, there are also potential drawbacks to these courses. They can be costly and time-consuming, and they may not always be necessary for achieving certain career objectives.

Additionally, some courses may not provide the level of detail or quality of instruction required to gain a thorough understanding of the subject matter.

Advantages of Professional Development Courses

Obtaining a professional development course can offer numerous benefits for individuals who have obtained a degree in business studies. Such courses not only provide an avenue for individuals to acquire and reinforce knowledge in their particular field, but also provide an opportunity to establish a professional network.

Participants in these courses can engage with experts in their field, as well as other motivated and like-minded individuals, and can consequently gain from the exchange of ideas and experiences. Moreover, professional development courses offer participants the chance to evaluate their skills and recognise areas that require improvement.

Therefore, these courses can prove to be an invaluable asset for individuals looking to advance their careers and gain a competitive advantage in the business world. The networking prospects and skills evaluation provided by professional development courses can be highly advantageous for individuals who have obtained a degree in business studies.

Disadvantages of Professional Development Courses

Although professional development courses can be a great resource for individuals looking to gain a competitive edge in the business world, they may also have certain drawbacks.

Issues such as the cost associated with taking a professional development course can be a barrier for some individuals, particularly those who may not have the financial resources to pay for them.

Furthermore, professional development courses may not always be relevant to the individual’s unique needs and circumstances, such as their industry, the size of their business, or even the impact of globalisation and franchising on their particular situation.

Therefore, it is important to consider the potential benefits, as well as the potential drawbacks, of professional development courses before committing to them.

Continuing Education

Pursuing further education can be a useful way to expand and develop current knowledge in business studies. For individuals who have already obtained a degree in business studies, there are various options available for further education, such as certification programs, online learning, and traditional classroom instruction. Certification programs can provide an individual with an in-depth exploration of a particular topic, while online learning can offer a flexible and convenient way to access educational materials. Traditional classroom instruction may be more beneficial for those who prefer an interactive learning environment, as it allows for in-person dialogue and collaboration. Regardless of the chosen form of further education, the ultimate goal is to acquire new knowledge and skills that can be applied to different business scenarios.

Frequently Asked Questions

What are the entry requirements for Master’s degrees?

The requirements for enrolling in a master’s degree program differ depending on the university, but usually entail having a recognized bachelor’s degree, a high GPA, and impressive recommendation letters. Additional requirements may include professional experience and a statement outlining your objectives. Fulfilling these requirements can lead to a wide range of career prospects.

What is the cost of an MBA programme?

The cost of an MBA can differ based on the establishment, but usually falls between £16,000 to £48,000. There are financial aid and cost benefits accessible to assist in lowering the overall cost. It is crucial to investigate potential establishments to discover the most suitable option for both your academic and financial requirements.

What kind of occupations are available with a professional qualification?

Obtaining a professional qualification in business studies can lead to numerous career opportunities, including management roles, finance positions, and entrepreneurship. It can also enable individuals to establish professional connections with leaders and colleagues in their industry. These qualifications are a solid basis for building a thriving career in business.

How much time is required to finish a Doctor of Business Administration (DBA)?

A Doctor of Business Administration (DBA) usually requires 3 to 5 years to finish, depending on the course format. There are instances where online courses are offered, which may shorten the completion time. A DBA can offer promising job opportunities for individuals with a business studies degree.

Are there any bursaries or grants available for short courses or continuing professional development courses?

Yes, scholarships are available for online learning and continuing education courses. Many universities and organisations offer funding opportunities for professionals to pursue short courses and develop new skills. These scholarships are designed to support students in their educational and professional goals.

Conclusion

Acquiring an advanced degree in business studies is an excellent way to enhance one’s career prospects. Pursuing a master’s degree enables students to delve deeper into a particular area of business, while an MBA offers a comprehensive understanding of the business realm. Professional certifications like CPA or CFA can also provide an added advantage in the job market. For individuals seeking a higher level of proficiency and specialization, a Doctor of Business Administration (DBA) is a viable option. Moreover, short courses and professional development programs can equip individuals with specific skills and knowledge. Continuing education courses are also available for individuals who want to stay abreast of the latest trends in the business world. All these alternatives offer opportunities to gain more qualifications and expertise in the field of business.