5 compellingly rewarding reasons to study a Business Management Degree

Dropping out of university seems to be a cool thing for entrepreneurs to do.

Microsoft founder Bill Gates has done it. So did Steve Jobs of Apple and Mark Zuckerberg of Facebook.

While these stories of successful school dropouts have captured our imagination, the truth is that they are few and far between.

Here in Singapore, the average starting pay of fresh graduates have hit a new high, outpacing the pay of non-graduates. Degrees in business, economics and computing in particular seemed to yield the greatest pay increases.

A Business Management Degree can also open new doors. According to Hays’ 2018 Salary Guide, Asia’s most in-demand professions include entry-to-middle management level employees in sales, IT, finance, engineering, operations, and marketing.

In this digital age, where speed and agility are its key operating mantras, a Degree in Management will equip you with transferable skills that can be easily applied to any industry. If you enjoy the dynamism and challenges that a business leadership role brings, then a Business Management Degree may be suitable for you.

Benefits of taking a Business Management Degree 

Here are some of the top reasons why studying a Management Degree can add value today.

• It keeps you abreast of the latest global and technological developments

In today’s increasingly globalised and highly complex world, you need to keep your finger on the pulse of the technology and business trends. To succeed in what some call a VUCA (volatile, uncertain, complex and ambiguous) world, you need to be versatile and adaptable to changes, learn how to respond to the latest technological trends, and be able to make strategic decisions.  

While you may be able to pick up such information and insights on your own, a Business Management Degree provides a more formal and systematic way for you to learn from the experts in the field.

• It equips you with business management capabilities

What makes an effective manager? Managers not only supervise employees but also make important decisions that directly affect the company.

With increasingly diverse teams, complex information systems, and social trends such as telecommuting coming to the fore, the need for business management knowhow is now more crucial than ever before.

Being able to manage human resources as well as other essential resources within a firm is a core management skill. Other capabilities that you will acquire include understanding organisational behaviour, knowing financial basics, and strategic planning.

• It enhances problem-solving skills

According to an article by Thrive in Asia, innovative leaders “manage risk, demonstrate curiosity, lead courageously, seize opportunities and maintain a strategic business perspective.”

How is it possible to do all that? By honing your problem-solving and agility in coming up with creative business solutions. A Degree in Business Management can provide the training ground and a variety of real-life business problems for you to tackle and resolve.

• It teaches you how to use data

A Management Degree will not just empower you to manage people, policies, operations, marketing, and sales; it will also enable you to make sense of information and data.

In today’s digital first business environment, good leaders and managers must be able to make sound analytics-based decisions and have the right team in place to deliver data-driven strategies. Acquiring the skills to interpret and analyse data is crucial in a management role within any organisation.  

• It helps you develop a blend of soft skills

Amidst the rapid digital transformation of our workplaces, the skills that remain the hardest to develop and train are the very human skills of communication, collaboration, and leadership.

As Jack Ma, Founder of Alibaba, once said: “We cannot teach our kids to compete with machines – we have to teach something unique so that a machine can never catch up with us.”

A high quality Business Management programme will enable you to gain a strong footing in people skills while expanding your knowledge in entrepreneurship and innovation.

• You will get to network with future business leaders

In the course of your studies, you will get to know others who share the same passion for business and leadership.

Being part of a community of potential business leaders and entrepreneurs can provide a hotbed of creativity and ideas, as well as links to stronger connections in the future. Who knows, perhaps some of your classmates could become business partners in the near future?   

Study Management at Murdoch University

Do you want to be a mover and shaker in the business world?

Murdoch University offers a range of Management programmes that will equip you with the necessary skills to evaluate and manage change and opportunities in an ever-changing and inter-connected business world. These include full-time and part-time programmes, and single and double major programmes.

Graduates will gain deep theoretical and practical insights across major business disciplines such as knowledge management, organisational development, and business analytics.

They will also enjoy access to high-quality teaching staff, and interactive teaching methods that combine online learning through videos and lectures, with face-to-face discussions.

To find out more about the various Management programmes, register for a preview session or request for a prospectus here.