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Choose a Business Degree for a New Future |  |
The Price of Business: School of Business Management
by Edward Castro
ed.castro@hqpublications.com
Business Programs Columnist
In the latest Manpower Employment Outlook survey, 21% of the employers polled plan to hire in the first quarter of 2005, which is up from 20% in the fourth quarter of 2004 and up from 14% from a year ago.
With encouraging numbers like these, it won't take much more to convince people to attend a school of business management. Possibly the most compelling number though is provided by the Bureau of Labor Statistics, which found that a majority of the highest paying jobs through 2010 will require a degree. Should you jump into a school of business management program? Let's first take a look at what business management is and isn't.
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Know Before You Go: Business Management Programs
A business management program puts an emphasis on practical skills sought by working professionals. Business management programs usually yield undergraduate degrees or professional development certificates of completion.
An MBA program on the other hand provides more thorough instruction in a wider variety of subject areas and in a more theoretical environment, resulting in a graduate degree. Of course, the biggest difference is in the cost of obtaining an MBA versus obtaining a business management degree or certification.
The High Price of Education
You don't need a small business management degree to understand the cost of an MBA education. The numbers to acquire an MBA are quite awe inspiring, especially for a working professional: $40,000 for a year (or $80,000 for two years). The elite business schools are even more expensive, some as expensive as $60,000 a year. Of course, with MBAs, the more you pay, the more you get. Also the name of the school attended is usually as important, or in some cases more important, than what you learn.
A school of business management program isn't as highly regarded as an MBA from a top tier school, but offers many of the essential concepts found in an MBA program. A business management program is ideal for anyone who wants to taste the fruits of business knowledge, but finds the cost of an MBA daunting.
Thinking Big for Small Business Management
Attending a good business management program is also a great way for a small business owner to get the practical information needed for small business management. A good business management program can help you understand the intricacies of managing people and resources in the performance of their tasks.
Possessing small business management skills will also help your organization achieve objectives and goals, which in turn means higher profits. For small business management, an MBA would be overkill, but a degree from a school of business management would fit the bill quite nicely.
Food for Business Thought
As stated earlier, a majority of the highest paying jobs through 2010 will require some kind of degree. With the growing popularity of online degree programs, preparing for these higher paying jobs is a relatively simple procedure. Begin your search for business management programs from a school of business management today.
About the Author
Edward Castro has an extensive experience as an entertainment and business media writer. His client portfolio has included such notables as Hewlett-Packard, Sony Computer Entertainment, Shockwave, AtomFilms, GameBlast and Mervyn’s California. In his current position, Ed is developing the marketing strategy of an Internet start-up company specializing in Japanese trade goods.
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