Business education
Encyclopedia
Business education involves teaching students the fundamentals, theories, and processes of business
. Education in this field occurs at several levels, including secondary education
and higher education
or university
education. Approximately 38% of student enroll in one or more business courses during their high school tenure. A majority of student at the university level engage in a business-related major. These majors prepare students for an occupation in business or a business-related field, or a teaching career in academia.
level, students have the opportunity to take general business courses, or to seek a specific degree in business studies. Courses offered vary by school, but typically include basic selections such as Accounting, Marketing
, Finance
, and Operations Management
. Specific curricula and degree-granting procedures differ somewhat by region.
Undergraduate education
Postgraduate education
Doctoral
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
. Education in this field occurs at several levels, including secondary education
Secondary education
Secondary education is the stage of education following primary education. Secondary education includes the final stage of compulsory education and in many countries it is entirely compulsory. The next stage of education is usually college or university...
and higher education
Higher education
Higher, post-secondary, tertiary, or third level education refers to the stage of learning that occurs at universities, academies, colleges, seminaries, and institutes of technology...
or university
University
A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...
education. Approximately 38% of student enroll in one or more business courses during their high school tenure. A majority of student at the university level engage in a business-related major. These majors prepare students for an occupation in business or a business-related field, or a teaching career in academia.
Undergraduate education
At the universityUniversity
A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...
level, students have the opportunity to take general business courses, or to seek a specific degree in business studies. Courses offered vary by school, but typically include basic selections such as Accounting, Marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, Finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, and Operations Management
Operations management
Operations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...
. Specific curricula and degree-granting procedures differ somewhat by region.
Postgraduate education
At the graduate school level, students can seek a variety of specific degrees (see below), most often an MBA. Students pursuing postgraduate degrees usually have some prior business experience.See also
- Business gameBusiness gameBusiness game refers to simulation games that are used at an educational tool for teaching business. Business games may be carried out for various business training such as: general management, finance, organizational behaviour, human resources, etc...
- Business schoolBusiness schoolA business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
- Case methodCase methodThe case method is a teaching approach that consists in presenting the students with a case, putting them in the role of a decision maker facing a problem...
- Entrepreneurship educationEntrepreneurship educationEntrepreneurship education seeks to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings...
- Executive EducationExecutive EducationExecutive Education refers to academic programs at leading graduate-level business schools worldwide for executives, business leaders and functional managers. These programs are non-credit and non-degree granting...
- GMAT
- Training SimulationTraining simulationA training simulation is a virtual medium through which various types of skills can be acquired. Training simulations can be used in a wide variety of genres; however they are most commonly used in corporate situations to improve business awareness and management skills...
Undergraduate education
- Bachelor of AccountancyBachelor of AccountancyThe degree of Bachelor of Accountancy is the principal academic degree in accountancy in several countries, and is often the only degree recognised for subsequent practice; see First professional degree. It is abbreviated B.Acy. or B.Acc. or B. Accty....
, a specialized accountancy degree - Bachelor of BusinessBachelor of BusinessA Bachelor of Business is a three or four year business degree offered by traditional and newer universities from the post-Dawkins era in Australia and New Zealand...
- Bachelor of Business AdministrationBachelor of Business AdministrationThe Bachelor of Business Administration is a bachelor's degree in Commerce and business administration. In most universities, the degree is conferred upon a student after four years of full-time study in one or more areas of business concentrations; see below...
(BBA), a Bachelor's DegreeBachelor's degreeA bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
in Business Administration - Bachelor of Science in Business Education, an undergraduate degreeUndergraduate degreeAn undergraduate degree is a colloquial term for an academic degree taken by a person who has completed undergraduate courses. It is usually offered at an institution of higher education, such as a university...
in the teaching of business - Bachelor of Business ScienceBachelor of Business ScienceThe Bachelor of Business Science is a four year Honours level degree providing for a scientifically based study of economic and management sciences. The degree is offered in South Africa, and elsewhere in the Commonwealth.-Structure:...
- Bachelor of CommerceBachelor of CommerceA Bachelor of Commerce is an undergraduate degree in commerce and related subjects. The degree is also known as the Bachelor of Commerce and Administration, or BCA...
(BComm or BCom), an undergraduate degreeUndergraduate degreeAn undergraduate degree is a colloquial term for an academic degree taken by a person who has completed undergraduate courses. It is usually offered at an institution of higher education, such as a university...
in commerceCommerceWhile business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any... - Bachelor of Commerce and Administration (BCA) an alternate title for the BComm
- Bachelor of Public AdministrationBachelor of Public AdministrationThe Bachelor of Public Administration degree is one of several Bachelor's level management degrees that provides training in the public policy field as well as public management...
(BPA), an undergraduate degreeUndergraduate degreeAn undergraduate degree is a colloquial term for an academic degree taken by a person who has completed undergraduate courses. It is usually offered at an institution of higher education, such as a university...
in public administrationPublic administrationPublic Administration houses the implementation of government policy and an academic discipline that studies this implementation and that prepares civil servants for this work. As a "field of inquiry with a diverse scope" its "fundamental goal.....
Postgraduate education
- Master of AccountancyMaster of AccountancyMaster of Accountancy , alternatively Master of Professional Accountancy or Master of Science in Accountancy , is a graduate professional degree designed to prepare students for public accounting and to provide them with the 150 credit hours required by most states before taking the...
(MAcc or MAcy, or Master of Professional Accountancy—MPA), a postgraduate degree in accounting - Masters in Business and Management (MBM), a postgraduate business degree
- Master of Business AdministrationMaster of Business AdministrationThe Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA), a Master's DegreeMaster's degreeA master's is an academic degree granted to individuals who have undergone study demonstrating a mastery or high-order overview of a specific field of study or area of professional practice...
in Business Administration - Master of CommerceMaster of CommerceMaster of Commerce is a postgraduate Masters Degree focusing on commerce-, management- and economics-related subjects. Like the undergraduate Bachelor of Commerce, the degree is offered in Commonwealth nations.-Structure:The Master of Commerce typically requires one year of full-time study...
(M.Comm.), a postgraduate business degree usually focused on an particular area - Master of EnterpriseMaster of EnterpriseThe Master of Enterprise Degree is a masters degree originally developed and offered by the University of Manchester through the Manchester Science Enterprise Centre...
(MEnt), a postgraduate, technology & enterprise-based qualification - Master of FinanceMaster of FinanceA Master of Finance is a Master's degree designed to prepare graduates for careers in financial analysis, investment management and corporate finance. An alternate degree title is Master in Finance or Master of Science in Finance...
(MFin), a postgraduate degree in finance - Master of International BusinessMaster of International BusinessThe Master of International Business is a postgraduate degree designed to develop the capabilities and resources of managers in the global economy...
(MIB), an emerging alternative to the MBA degree - Master of ManagementMaster of ManagementThe Master of Management is a post-graduate master’s degree awarded to students who normally complete a one to two year program of graduate level coursework in business management at an accredited academic institution. As the program is designed for students interested in entering leadership...
(MM), a postgraduate business degree - Master of Marketing ResearchMaster of Marketing ResearchMaster of Marketing Research is a graduate degree program that may be from one to three years in length. About 75 percent of the fulltime programs can be studied in about one year while part-time Masters in Marketing are studied besides the job and usually need a minimum of two years to be...
(MMR) a postgraduate degree focusing on research in the field of marketing - Master of Nonprofit OrganizationsMaster of Nonprofit OrganizationsThe Master of Nonprofit Organizations , Master of Nonprofit Management , Master of Not-for-Profit Leadership , Master of Nonprofit Studies , Master of Public Affairs , Master of Philanthropic Studies and similarly named degrees offer graduate-level training in management and leadership in the...
(MNO or MNPO), the postgraduate degree for philanthropyPhilanthropyPhilanthropy etymologically means "the love of humanity"—love in the sense of caring for, nourishing, developing, or enhancing; humanity in the sense of "what it is to be human," or "human potential." In modern practical terms, it is "private initiatives for public good, focusing on quality of...
and voluntary sectorVoluntary sectorThe voluntary sector or community sector is the sphere of social activity undertaken by organizations that are for non-profit and non-governmental. This sector is also called the third sector, in reference to the public sector and the private sector...
professionals - Master of Public AdministrationMaster of Public AdministrationThe Master of Public Administration is a professional post-graduate degree in Public Administration. The MPA program prepares individuals to serve as managers in the executive arm of local, state/provincial, and federal/national government, and increasingly in nongovernmental organization and...
(MPA), a postgraduate public administration degree - Master of Science in ManagementMaster of Science in ManagementMaster of Science in Management, abbreviated MSc or MSM, is a Master of Science academic degree that is common throughout the United States and Europe. It is similar to the MBA degree, and often requires a dissertation before a graduate is admitted to it. The MSc is a research-oriented program...
, a postgraduate business degree - Master in Sustainable Business (MSB)
Doctoral
- Doctor of Business AdministrationDoctor of Business AdministrationThe degree of Doctor of Business Administration, abbreviated, or and equivalent to , is a research doctorate in business administration. The D.B.A...
(DBA), a doctorateDoctorateA doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
in business administration - PhD in ManagementPhD in ManagementA PhD in management is synonymous with a PhD in business or a business doctorate and is the highest degree awarded in the study of business...
(PhD), a business doctoral degree