I am planning to do a Bachelor in Business Administration?

Question

Do you think It is the right decision keeping in view job opportunities and and the salary scale in this field.

Answer 1

Personally I wouldn't bother.

Of course from a purely financial standpoint, I wouldn't bother with college at all.

Why not?

Simple, I have 2 degrees in business, no prospective employer has ever cared about my 3.8 GPA (a degree just means you have the basics and can learn), and my brother-in-law who barely graduated high school makes more than I do. This is not an uncommon occurance. Every study done in the past decade has shown that the more education you have and the higher your GPA, the lower your lifetime earning potential. In fact the average annual wage (in my state at least) for a college grad is only $28,500. There's a widely known saying in academia;

Be kind to your A and B students because they will become alumni and donate money. Be very kind to your C and D students because they will become alumni and pay for a new wing.

Look at the Forbes 400 and see how many of them have a college degree.

"But wait," you say, "I've seen the commercials. A college grad makes $200,000 more than a non grad."

Yes, I saw that commercial too, and you left out two important things. 1) they said up to and 2) they said in their lifetime. So let's look at that. $200,000 divided over 50 years (75 - 25) is $4000/year or $333/mo. Well that's all well and good as long as you don't factor in inflation which has averaged 7% historically. For easy numbers let's say that over the rest of your life it averages at 5% and your $80 - 100,000 college education is worth $73,399. Now there's a great return on investment.

However, if you're just graduating high school and your parents are insisting on it (and paying for it), then by all means go. I'll be sending my kids to college. But not to learn how to make money. Go for the networking oppertunities. Live on campus, pledge in a reputable fraternity (or sorority). Make as many friends as you can. You've no doubt heard it said, "It's not what you know, it's who you know." And I will garantee, that is absolutely true.

As far as your schedule goes, I would suggest a course load heavy in sales and marketing. Take courses in public speaking. Also courses in human relationships and how to deal with people. Outside of that read books by Dale Carnegie, Robert Kiyasaki, Napolean Hill, John Maxwell, and Og Mandino.

Finally, remember that if your professors knew how to go out and earn $100,000+ as a business manager, then why are they teaching for $50,000? Find someone that has what you want in life, ask them how they got it, and do that.

Answer 2

Getting any type of business degree will make you a versatile job candidate, and if you do well in school, you will have a lot of oppurtunities with good pay.

However, the right decision can rarely be based off of salary and job oppurtunities. Although both of those two things are very important, what is more important is getting a degree that will allow you to do what you enjoy. This probably sounds cliche, but it is a pretty important factor to consider too.