Business Major
A major in Business Management seems secure, and yet, it could be easily rendered an obsolete concentration. If Business Management were rendered obsolete, it would have adverse implications on the economy, on issues related to social justice, and on the ability for organizations to thrive. Especially during an economic recession, the need to develop future business leaders becomes apparent. Interviews with successful managers who were once students in an MBA/Business Management program highlights some of the reasons why business management education remains relevant, and what would happen if business management were to fall by the wayside in the academic community.
Background of Major
Business management is often a subset of a Bachelors of Business Administration (BBA) or Masters of Business Administration degree (MBA). Some dedicated colleges of business offer a special concentration in Business Management. For example, the Stony Brook University (2012) Business Management program offers undergraduate students "a solid foundation of essential business concepts and applications." The major is multidisciplinary, and students at Stony Brook need to minor in an area other than business (Stony Brook University, 2012). The various functions of business are covered in coursework, to provide a firm foundation in every aspect of business management. These areas include accounting, finance, marketing, management, communications, and operations. Interviews with former business management majors, who are now successful heads of corporations, note that every aspect of the business administration degree has some direct bearing on the daily operations of a business. The degree is therefore one that has a clear application to the working world. "With an art, English, or anthropology degree, your options are severely limited in terms of what you can do with your life. Your career could flounder for years, and you might wake up one day to feel utterly dissatisfied. With a business degree, your future is bright," (Oakes, 2012). Anderson (2012) adds that business management majors can lead to lucrative careers that are rewarding financially as well as personally: "Grads can earn top dollar, even up to six figures soon out of college."
The Individual's Professional Experience
Joshua Oakes spent the first five years of his career working as a finance manager for a small local entertainment firm in Seattle, Washington. Oakes (2012) notes that when he applied to graduate school in business, the program required applicable coursework as an undergraduate but not necessarily a business management major. A degree in a finance-related field, such as the MBA, was a prerequisite for the financial manager position. He would not have been hired otherwise; it was a specialized position requiring intimate knowledge of the information systems and procedures used for financial management.
Oakes (2012) notes that firm foundation in business management was not necessary for his second job, though. As O'Shaughnessy (2011) points out, business majors do not necessarily learn what they need to, in order to prepare for specific jobs in any given sector. When Oakes (2012) went to work for the FedEx Corporation, he was hired as Assistant Finance Director for a region of the United States. His predecessor and several of his colleagues had not received MBA degrees; they had received training that FedEx Corporation paid for later, but their position was earned by moving up vertically in the company.
Five years ago, Oakes (2012) was solicited to become the Chief Financial Officer of a large brewery in Canada. "This was when my MBA really started to come in handy," Oakes (2012) notes. The newly minted CFO relied on some old contacts he made while studying at business school. Networking was one of the most valuable aspects of receiving a business degree; perhaps more important than the specific skills taught in classes related to financial management. As Anderson (2012) points out, a business degree "places you in the network of future business leaders." Networking with the potential future leaders, as well as the current business leaders, of the world is invaluable experience. This experience is more likely to arrive in graduate school, but...
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Business Management Major was developed in part on the principle that Business Managers are essential to shaping America's future leaders. Business Managers are responsible in the field for providing diverse and innovative insight into organizations worldwide. A successful Business Major will come away from college with forward thinking notions, creative insight and a disciplined spirit (Harriman, 2003). Career opportunities that often result from studying Business Management include management positions that
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