Why a Business Degree Is Essential for Managers

Posted By Manda Perkins on March 20, 2017

Whether you're building an effective budget, managing employee task loads, resolving conflict, or planning for the future, managers are essential to every aspect of a business. As a manager, you know how important real-world experience is to your job, and most likely you've learned some important lessons through experience. However, there's more that even the most seasoned manager can gain by returning to school for an associate's or bachelor's degree. Not only could a business degree increase your long-term earning potential, but it could also add even more skills to your professional repertoire, giving you the ability to go further in your career than you ever imagined. Let's look at just a few of the necessary things you could learn with a business degree.
  1. Be a better manager

A course on management principles is a great way to learn just what a traditional management framework looks like and how it could help you more effectively manage a busy office. You could learn many essential skills for planning, organizing, staffing, directing, and motivating your staff so your business runs better. With such a course under your belt, you'll be well-prepared to manage bigger businesses or to more efficiently manage your staff in your current role.
  1. Improve your logistical reasoning skills

Whether you work in manufacturing or the service industry, managing your operations can be one of the trickiest parts of your job. It can be particularly difficult to balance long-range versus short-range problems, customer demands, and business needs. An operations management course that uses realistic case studies as a base will introduce you to logical analysis skills that could help you make more informed decisions in a fast-paced business world.
  1. Effectively plan for the future

Planning for the future of your business involves a thoughtful mix of details and big-picture thinking. In a management and planning principles course, you'll gain insights into how to differentiate your business and set a compelling mission and vision, as well as objectives that will inspire your employees. You'll also gain strategies for achieving your biggest goals. A course like this could take you from the business plan down to the nitty-gritty of operational planning.
  1. Gain a better understanding of accounting principles

While you may have an accountant to do your books, a background in accounting will give you an essential grasp of the workings of the business you manage. You could develop capabilities to take a deeper look at theories of debit and credit and learn about what you should be doing throughout the accounting cycle. You could benefit from expert explanations of the many confusing accounting terms that make your head spin, as well as suggestions for best practices. With the fundamentals down, you'll have more confidence to manage your current business's finances and more skills to help grow that business.
  1. Strengthen your retail marketing skills

In today's consumer market, advertising and marketing happen across numerous channels. With a course on marketing principles, you could learn what each of these channels does, how best to use them, and how marketing can help you grow a thriving retail business. It's common knowledge that marketing is the backbone to any successful business. Knowing the best marketing strategies, especially social media fundamentals, could get you far in your business.
  1. Gain a better understanding of business law

You may not have any interest in becoming a lawyer, but having some familiarity with business law could help you steer your company clear of mishaps with the law. You could learn about business documents, licenses, and contracts that you might need to keep your business out of court. You could also learn the basics of property law, keeping your customer and employee data safe, and how to enter a new business relationship without violating any codes. There's so much a manager must know to successfully manage a business. A business degree could provide you with a good understanding of the fundamentals while broadening your perspective. Chris Bitton, a Stevens-Henager College graduate, said his degree in business management and accounting has helped him take his career to the next level. He was able to earn his degree in a career-focused way that worked with his schedule. “Instead of having to take lots of generals, I was able to learn about the things I was interested in, such as business, finance and marketing,” Bitton said. To learn about how a business degree from Stevens-Henager College could help you move your career forward, check out our website. While you're there, find out how can get a laptop to use in school and keep when you graduate. [su_divider size="1"] For graduation rates, the median debt of graduates, and other data, see www.stevenshenager.edu/consumer-information. Stevens-Henager College admits students of any race, color, and national or ethnic origin.