A college degree in business can be your greatest asset if you are interested in having a successful career in business.
That reality is being proven time and time again. Recently “The College Advantage: Weathering the Economic Storm,” a report from the Georgetown University Center on Education and the Workforce drove the point home. “It is a tough job market for college graduates but far worse for those without a college education,” states Anthony P. Carnevale, co-author of the study.
Here are some of the statistics it presents . . .
- Four out of five jobs lost during the recession were held by employees with only a high school diploma or less.
- Even during the recession, college-educated workers earned about twice as much as other workers with only high school diplomas.
- Even in the darkest days of the recession, unemployment rates for college graduates never exceeded 6.3 percent. Today, only about 4.5% of all bachelor's degree holders do not have a job.
Business Success: Facts from the U.S. Bureau of Labor Statistics
The definitive 2012 Occupational Outlook Handbook, published by the U.S. Bureau of Labor Statistics, delivers some exciting news about the value of a business career.
First of all, business careers rank high among the top-paying careers. Of the 20 top-earning professions that the Handbook cites, five are in business. They are . . .
- Chief Executives, who earned a median pay of $165,080 in 2010
- Architectural and Engineering Managers, who earned $119,260
- Computer and Information Systems Managers, who earned $115,780
- Marketing Managers, who earned $112,800
- Financial Managers, who earned $103,910
And if you are interested in being a meeting and event planner, there’s good news for you too. The Occupational Outlook Handbook predicts that your profession will be one of the fastest-growing careers through year 2010.
Good News for Entrepreneurs
If you’ve got plans to start a small business of your own, here is some encouraging news for you from the U.S. Small Business Administration. Although the rate of new business start-ups stalled at the start of the recession back in 2008, it was rebounding in 2010, with about 740,000 new businesses opening their doors.
Of course, not all those new businesses will succeed. That is why you need a degree in business. The knowledge you gain will help assure that entrepreneurial start-up will thrive.
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