Perhaps you have just completed your undergraduate college bachelor’s business-related degree and are now immediately looking to further your education with the undertaking of a postgraduate master’s degree. Or, moreover, you have been working in your chosen area of industry for several years now and are ready to advance your career prospects and improve your knowledge in a specific area of business.
Regardless of your motivation behind your research, continue reading for a useful and wholly comprehensive guide to postgraduate master’s degrees in business.
The Benefits Of Postgraduate Study
Naturally, the subject in which you obtain your postgraduate degree defines the specific academic and professional knowledge and experience you will improve upon. There are, however, numerous advantages of studying at postgraduate level, regardless of the specific degree you enroll in. These benefits include, but are categorically in no way limited to:
- Networking Opportunities: Now you have embarked on a postgraduate degree, you will be afforded the opportunity to connect with people who can genuinely help you climb the proverbial ladder of success within business. If you are serious about becoming an influential and professionally powerful member of the business community, then the networking opportunities presented during studying at master’s level should not be underestimated.
- Increased Salary: Hopefully, your motivation to be successful in business is not solely the acquisition of a higher and higher paycheck as the years go on. However, undeniably and arguably rightly so, the more responsibilities, employees and pressures you have in your career, the more money you should be rewarded with and that is certainly true with the opportunities for salary enhancement that postgraduate study provides.
- Academic Respect and Recognition: The number of people who require a postgraduate master’s degree compared with those that hold an undergraduate bachelor’s degree is significantly lower, and therefore the possession of a master’s undeniably affords the individual an increased level of recognition and respect.
- Specialist Fields Of Knowledge: Studying at postgraduate level naturally provides you with a far deeper and richer understanding of your specialized field of study.
- Widened Variety Of Career Prospects: With a postgraduate degree, preferably from a reputable, established and respected university or college, firmly at the top of your resume, you will be favored by potential employers and be considered for positions within a business that would be entirely inaccessible to you without it.
Types of Postgraduate Degrees In Business
As with other wide and all-encompassing fields of industry and careers, there is a wide plethora of available and incredibly beneficial postgraduate degrees available in business.
Continue reading for an overview of the most beneficial and the different advantages each master’s degree affords you.
Business Management Postgraduate Degrees
There are a host of excellent advantages in choosing to pursue a master’s degree in business management. Essentially, the course is specifically designed to focus your attention on improving your skills in the overall cultivating, planning, organizing and analyzing of every single business activity that is required to run and manage a business to the maximum levels of efficiency and productivity.
A postgraduate degree in Business Management will provide you with following expertise, experience and business acumen that you can then apply to your daily management planning and style. A selection of these skills, knowledge categories and attributes include:
- In-Depth Knowledge of Multiple Business Disciplines
- Leadership Skills
- Learning Your Style of Management
- Advertising and Marketing
- Accounting and Finance
- Project Management
- Networking
- Research and Reporting
The successful acquisition of a postgraduate MBA Management will open numerous proverbial doors for the future of your career and subsequently there is a wide range of job roles that a business management degree is not even just desired, but positively needed.
Examples of jobs where a postgraduate degree in business management is needed include business analyst, data analyst, actuarial analyst, business development manager, data scientist, risk manager, arbitrator, corporate investment banker and management consultancy.
Accounting And Finance Postgraduate Degrees
If you want to further your experience, expertise and knowledge in the ever-changing world of business and business practices and have a particular passion and aptitude for all things financial, then an accounting and financing postgraduate degree could be the next logical step to take.
There is a multitude of advantages to obtaining such a degree, and as you will probably be all too aware of, one of the most notable is the high earning potential that is afforded a financial postgraduate. Accountancy is and always has been, a stable yet ever-growing and expanding field and the acquisition of the skills and knowledge you will be afforded can be transferred to other area of business in general. Additionally, every single industry requires an accountant, so there will always be demand for you and your unique financial and business acumen.
Topics you will learn about in-depth during your accounting and finance postgraduate degree include, but are categorically not limited to:
- Taxation
- Financial Markets
- Investment Banking
- Accountancy Management
- Business Law
- Microeconomics
- Auditing
- Corporate Finance
Pursuing a career in accountancy and finance will mean you have two very different areas available to you in which to advance your career in business, in-house and practice. Whereas accountancy practices provide the opportunity to work with and for a plethora of different clients and therefore businesses, in-house accountants work for a single company and therefore are able to hone their skills and make a name for themselves.
Examples of some principal career moves that are directly related to an accounting and finance postgraduate degree include chartered accountancy, chartered public finance accountancy, stockbroking, chartered management accountancy and forensic accountancy.
Business Administration Postgraduate Degrees
Essentially, business administration is the overseeing of all of the daily, regular operations of the company and, therefore, a business administration postgraduate degree will involve an incredible range of business subjects including, but not limited to:
- Promotion and Marketing
- Economics
- Human Resource Management
- Finances and Accounting
- Business Management
A postgraduate degree in business administration will afford you the opportunity to work as a qualified and professional business administrator in virtually any industry and for any company that you feel is the right fit for you.
A typical day working as a business administrator can significantly vary from one day to the next, but there is a wide range of duties that you are likely to be involved with and responsible for during the average week.
These tasks include, but are not limited to:
- Taking minutes in meetings and discipline procedures
- Arranging and scheduling appointments
- Mail duties
- Sending company-wide and staff-specific e-mails
- Promoting the business ethos and company mission statement
- Spreadsheet usage
- Business ordering, billing and general communications
- Client interaction and relationship building
- Diligent recording of all business activity
- Administrative tasks across the business
- Sourcing and preparing meeting rooms
- Helping the executive management team
- Company correspondence
- Arranging business travel for employees
- Invoicing
- Taking and recording messages
- Computer databases
- Customer, client and employee support
- Ordering office supplies
- Minor technical support and assistance
- Inputting and collecting company data
- Communicating with suppliers
The successful acquisition of a postgraduate degree in business administration can lead to a wide plethora of career opportunities that otherwise would not be available. Such jobs include stock market analyst, business advisor, accountant, management consultant, data scientist and corporate investment banker.
Information Systems Management Postgraduate Degrees
Fundamentally, a postgraduate degree in information systems management involves the intense study of how modern technological creations and innovations can be applied to a business to achieve strategic and systematic goals.
The principal aims of an information systems management postgraduate degree is to provide the graduate with incredibly detailed and specific skills and knowledge needed to boost their prospects for a fruitful career in information systems. In addition, the degree is designed to educate and enlighten the individual on the various elements of the operational management of information systems, particularly in terms of tactics and strategy.
Key skills, aside from the obvious technological qualifications and other attributes, required in the pursuit of a postgraduate degree in information systems management include:
- Excellent Problem-Solving Skills
- Communication
- Team-Building Experience
- Leadership Skills
- Analytical Abilities
- Project Management Experience
- Creativity
- Natural Perseverance
- Resourcefulness
- Natural Curiosity
Aside from the careers discussed in detail above, there is a host of other careers in the business world that will not just benefit, but very often require, a postgraduate degree.
Why Pursue A Career In Business?
The skills you learn, the knowledge you gain and the experiences you have while both studying and then subsequently working in business are not just applicable in your professional life, but in your personal life as well.
A career in business can provide an exceedingly competitive salary, aforementioned highly transferable skills and knowledge, a general broadening of your horizons and prospects, a more global and wider perspective on the world and a way to continue your education. Other advantages of studying business at a postgraduate level include improving your communication skills, enhancing your leadership skills, the opportunity to challenge yourself and deal with problems and issues ‘head on’ and the eventual opportunity to work towards becoming your own boss.
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