Pursuing a business management degree grants graduates skills that make them highly employable when they go on to pursue a career in business. Business management and leadership courses are essential for building basic, specific and transferable skills that make the transition into the workforce easier. A successful leader should be well equipped with technical skills, critical thinking and confidence to carry out decisions that they believe are right in tough business scenarios. A degree in business management and leadership grants graduates these skills and more, as they pursue a leadership role following their graduation. Learn more about the must-have skills that this degree transfers to students.
Essential Leadership Qualities Gained from a Business and Management Degree
Technical Business Management Skills
To be a leader, you must have the necessary technical skills to gain a greater understanding of your business as a whole and use this big-picture information to make tactful business decisions. A business and management degree teaches students how to apply basic statistics to analyse data and process this information with attention to business economics. The programme also dives into technical financial skills, teaching students how to apply theoretical knowledge about finance to determine the best course of action for both the business and the client or customer. In addition to learning statistics, business economics, and financial skills, students will gain an understanding of IT and basic computing skills to ensure they have a well-rounded, multifaceted education that can be applied in a real-world business setting. These technical skills make job candidates more marketable to potential employers.
2. Critical Analysis
Yet another essential leadership quality that can be earned by attaining a business and management degree is a sense of critical thinking and analysis. Graduates learn how to understand financial reports and write their own company reports by analysing and compiling information. Individuals that complete this degree are able to apply the basic statistics for improving capacity for work in situations of risk understand their origins and develop strategies for mitigating their effects. A successful leader is able to see a business problem from all angles and this requires context. The business and management degree teaches students how to identify the economic agents that make up an economy and better understand how they affect existing business situations so they can forecast the probable future and alter the business strategy to positively influence the company’s success.
3. Presentation Skills
A powerful leader is able to effectively communicate their ideas to their team, deliver pitches or business plans to outside companies, and project a sense of confidence that instill trust in the people around them. One of the most valuable skills a business and management degree transfers to its graduates is the ability to improve presentation skills. This programme teaches students how to structure their ideas in a PowerPoint presentation, how to compile essential presentation notes, and how to capture an audience so that their business ideas are well received by their desired audience. Presentation skills also involve learning how to create the perfect “elevator pitch,” a succinct and persuasive sales pitch that can be understood in 20-60 seconds. This technique can even be applied in an interview setting when the candidate is positioning themselves as the right business decision for the company they are interested in joining.
4. Problem-Solving Abilities
A business and management degree has a series of courses that teach students how to become a constructive, critical thinker who understands the importance of solving business problems. More importantly, students develop the necessary skills to identify unique business problems and tackle them as a team. After completing this degree, graduates are able to select and generate the information necessary for business problems that arise, analyse the information and make decisions based on their business objectives, resources, and desired outcomes. The technical skills that students have acquired are put into practice in the form of case studies and group projects that simulate real-world business conflicts and force students to use both creativity and analytical dexterity to formulate solutions. Problem-solving is a fundamental leadership skill, especially when a business is faced with an obstacle and the team members look to the people in leadership problems to steer the ship.
A successful leader is always solution-oriented, meaning they don’t dwell on the problem, but rather, have a proactive approach to facing internal and external business conflicts. Leaders make decisions in situations of uncertainty, demonstrate an entrepreneurial attitude and even turn what seem to be problems into opportunities to innovate and change parts of the business that are no longer working. A business and management degree teaches students how to adapt quickly and weigh various options to come to the best conclusions. Good leaders also know they can’t do everything themselves, this is why the business and management degree teaches students about how to delegate some decision-making to additional team members and provide incentives that will allow workers to take an interest in keeping the company’s overall success in mind, like equity or investment opportunities.
What Pathways Can You Pursue with a Business and Management Degree?
With business management and leadership skills, career avenues and opportunities are endless. This is why many students go on to work in a variety of industries. Graduates find themselves starting their own passion projects, working in international business settings and managing large teams. The following are only a few examples of the common pathways that align with the skills and focus of the business and management degree.
Students are able to learn about the global business environment and how it influences business decisions and behaviour which opens many doors in global business ventures. This pathway is excellent for students with a passion for international business development or with interest in working abroad.
The business and management degree also has a heavy focus on how to make important financial management decisions, the characteristics of different forms of finance, and the linkages between organisations. Once students gain a better understanding of the financial markets, they are able to translate this into financial strategies that could support a career as a financial advisor or financial analyst.
Graduates gain the critical knowledge and skills to identify and navigate key organisational development issues, including ethics and human resource management. Every organisation needs a leader that is able to manage employees and orchestrate internal business decisions like hiring, firing and maintaining employee satisfaction.
Some students prefer to work for themselves and gain the skills necessary to start a successful small business or to innovate within an existing organisation. Learning business management and leadership skills help graduates enter the workforce with the confidence to launch into independent pursuits and even materialise their dream business.
Learn more about a business and management degree to get started today.