Online Bachelors Degree in Business

Online bachelors degree in business is offered by many online as well as traditional colleges and universities. However, there remains a concern, if you will, regarding the quality of online education as compared to the more known, traditional education.

  1. Why should you enroll in an online degree?
  2. Online Bachelor’s Degree in Business
  3. Enrollment Trends for Bachelors in Business
  4. Concentrations/specializations
  5. Highlights of the coursework
  6. Career Opportunities and Salary




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Why should you enroll in an online degree?

In a New York Times blog, Steve Lohr quotes the findings of a detailed report conducted by SRI International for the Department of Education, concluding with the following: “On average, students in online learning conditions performed better than those receiving face-to-face instruction.”

Online education is different from traditional education in a number of ways.

  • Flexibility – Online students have more academic freedom which essentially means that they may get more time to finish their degree as compared to when pursuing a traditional degree. This will suit especially if you are already employed and working full time, raising a family or serving in the military.

  • Not every student prefers to learn in the confines of four walls with desks, books and lectures. Traditional degree curricula are based on one size fits all approach where all students, irrespective of their individual strengths and weaknesses are expected to perform equally. Online education on the other hand, caters to the individual needs of the students, which helps in understanding.

  • Online students perform better than traditional students in obtaining test scores. Studies have shown that online students score higher.

  • Some students may find online education cheaper. This is primarily because they save on commute and that online universities do not need to maintain large campuses. Their savings are passed onto their students.

Online Bachelor’s Degree in Business

Admission requirements:

  • Online application
  • Application fee
  • High school diploma or GED
  • A minimum cumulative GPA

Who may enroll in the degree?

Those who want to assume managerial positions in both public and private sectors may benefit the most by enrolling in the degree program.

What will you learn?

The program combines the principles of business and management into one to prepare students for managerial and supervisory positions in corporate, federal and nonprofit organizations.
The learning outcomes are as following:

  • Conduct research by using scholarly sources to learn new business knowledge.
  • Learn to use new technologies for gaining competitive advantages in business.
  • Appreciate diversity within a business setting and use that to achieve business goals.
  • Explore ethical issues that impact business decisions.
  • Harness and use analytical and critical-thinking skills to come up with business solutions.
  • Demonstrate proficiency in the fundamental business principles and practices.

Enrollment Trends for Bachelors in Business

Business Bachelor Degree Enrollment Graph Absolute Annual Enrollments: In the 12 years starting from 2000 to 2012, the annual enrollment in bachelors in business programs has seen a gradual increase amounting up to a total of 3,872,859 at the end. A detailed look at the numbers reveals a 39% increase in enrollments over the 12 year period, with slower growth in the last few years.

 

Relative Annual Enrollments-Student Interest Level

Business Bachelors Relative Enrollments

Relative Annual Enrollments-Student Interest Level: Standalone enrollment figures for students enrolling in business bachelor’s programs may be on the rise, but so is the sample data size. How do we fix that? We look at relative annual enrollments. The average of enrollments in the bachelor’s business program expressed as a percentage of total enrollments in that year for all majors comes out to be 21.47%, with a small standard deviation of 0.36%. What this number tells us is that, no matter what the year by year enrollment trends may be, business remains a popular major choice for a large number of students.

Concentrations/specializations

Students may focus on the following in their junior and senior years.

  • Marketing
  • Human Resources
  • Accounting
  • Finance
  • Information Systems
  • Small Business Management
  • Management
  • International Business

Highlights of the coursework

The courses taught in the Bachelor of Business program include:

  • Marketing
  • Accounting
  • Human Resource Management
  • Managerial Accounting
  • Ethical and Legal Principles of Business
  • Business Law
  • International Business
  • Business Policy
  • Microeconomics
  • Macroeconomics
  • Principles of Accounting
  • Industrial Psychology

Career Opportunities and Salary

A Bachelor of Business can qualify you for having an opportunity to work in the following positions: 

  • Business Researcher
  • Financial Managers
  • Human Resources Managers

Financial Managers

In short, they are responsible for the financial health of their organization. More specifically they perform the following duties:

  • Produce financial reports
  • Develop strategies and plans for long-term financial goals
  • Direct investment activities

Most of them work in finance and insurance sectors while others may find themselves employed in management, government and manufacturing sectors, etc.

It is however important to mention here that a bachelor’s degree in business alone may not automatically qualify you to become a financial manager. You may become one with at least 5 years of work experience though. The Bureau of Labor Statistics (BLS) reports that they earned a median annual salary of $109,740 in 2012 and their demand is expected to increase at the rate of 9% from 2012 to 2022.

Human Resources Managers

HR managers oversee employee relations with the organization and also work as liaisons between the top management and the employees. They are primarily responsible for recruiting, interviewing, hiring and firing of the employees. Human resources managers also form their organization’s HR policies and monitor their implementation.

Like financial managers, a bachelor’s degree in business is not enough to become a human resource manager; a couple of years of experience is usually required as well. The BLS reports them earning a median yearly salary of $99,720 in 2012 and their job numbers are expected to increase at the rate of 13% faster than the average job growth in all other professions from 2012 to 2022.

 

Frequently Asked Question(s)

Q:How long is a bachelors in business degree?

A:A regular Bachelors In Business degree takes up to 4 years to complete. An online bachelor's degree in business can be completed in 3-4 years while the option of an accelerated degree program can help you complete the degree even sooner. An accelerated bachelor's degree lets the learner complete more coursework in lesser time and can allow you to finish the degree in as few as 2 years.

Q:What is the actual duration of the bachelor business degree programs?

A:The bachelor's degree in business studies is a four year degree program. Students have the option of completing it online as well. Also, the online programs offered by universities listed on our website are self paced. The self paced degrees enable students complete these degrees at their desired pace from any location in the world.

Q:What is the difference between a regular degree and a bachelor business degree online?

A:The main difference between a regular and online bachelor's in business degree is the way that the course is attended. While a regular program required you to attend classes at a campus, an online degree can be completed from home through the internet. Online class schedules are more flexible and easier to fit into your existing schedules. A degree achieved from an accredited online college is no different than a regular degree as far as its value in the job market is concerned.

Q:Is an online bachelor business studies degree as valuable in the job market?

A:As long as you receive your bachelor's in business studies degree from an accredited school, your degree will hold the same value as any regular degree would. An accredited online degree is more valuable and acceptable than an unaccredited degree from a regular institute.

Q:What kind of subjects would I study in a bachelor degree business?

A:A bachelor's degree in business covers various ideologies within business. Some of the subjects you will study include macro and micro economics, accounting commerce and international business. The training you receive will vary according to your chosen major. the main purpose of a bachelor's in business is to give the learner a full understanding of business principles and prepare them for a career in the business field.

Q:Can you name a few courses taught in the Bachelor of Arts Business Administration program?

A:The Bachelor of Arts in Business Administration degree program consists of various introductory and elective courses. These mostly consist of: Principles of Marketing, Business Finance, Economics of the Business Firms, Communication Theory, Managerial Accounting, Comparative Management, International Business, Import-Export Management, Production and Operations Management, and Management and Organization Theory.

Q:Is the duration of Bachelor of Arts in Business Administration program the same as the Bachelor in Business degree?

A:Yes. The Bachelor in Business and the Bachelor of Arts in Business Administration have the same duration. They both require four years of education to get the degree. The duration can only change if the degree is pursued online. Since online degrees are self-paced, students can take as much time as they see fit to complete the program.

Q:Can I work alongside completing my Bachelor of Business degree online?

A:Yes. Online Bachelor of Business degrees are very flexible in nature. They can be pursued from anywhere at any time with just a single internet connection. Hence, allowing you to work full time during the day and take your classes online in the evening or at night. Students themselves are made to choose how much to study in one class allowing them to complete the course at their own pace. Therefore, managing education with a job becomes no issue at all.

Q:What are educational requirements of enrolling in a bachelor in business degree?

A:To know the exact requirements you should check with the school you are applying to. Generally speaking if you want to enroll in an undergraduate degree you will need to have a high school diploma or a GED. In addition to this schools also look for a high score in SATs.

Q:What will I study for bachelors in business?

A:A bachelor in business is a four year long program. It focuses on business fundamentals and different areas of business such as finance, accounting, human resource management, project management, marketing and communication with clients. The aim of the program is to train the individuals to understand business operations from every perspective.

Q:What are the different skills that I can expect to learn from online bachelor's degree business?

A:There are a number of crucial business skills that are a focus of online bachelors' degree business. The focus of online business degrees is both on the quantitative as well as the soft skills. Some of the crucial skills include communication skills, problem solving, analytical skills, negotiation, public speaking, teamwork, quantitative, and interpersonal skills.

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