Education

Importance of Business Education To Students In Nigeria

Here in this post, we are going to list out and explain in great detail the Importance of Business Education To Students In Nigeria. We hope you find this article useful.

An aspiring student or entrepreneur or any person, who has a passion for business of any sort should be able to understand the value of getting a college degree in a business related field.

  • Business administration, and
  • Management, and
  • Marketing, and
  • Advertising and
  • Public relations

Read Also: The Challenges Of Business Education In Nigeria And The Way Forward

Importance of Business Education To Students In Nigeria
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All the above are some of the common business-related undergraduate degrees that any student can earn. For a student to complete any of the above programme, that stance him or her in the position of gaining several advantages that are relative to other career programmes.

That out of the way, just as the title of this article applies, my focus will be on the importance of business education to students and here we go.

Read Also: The Role Of Business Education In Nigeria

Importance of Business Education to Students:

There are numerous important attached to business education for any student who wished to earn a degree in business education, and in this article, I will try as much as possible to dissect on those important or benefits of business education to Nigerian students.

1. Money

Although money may not necessarily be a student primary motive in earning a degree in business education, it is noteworthy to understand that his lifetime money or income potential will be relatively high.

The reason is obvious. Nevertheless, statistics have revealed that undergraduate business degree holder, who is working full time, stands a chance of earning a median annual income that amounts to the tune of $60,000.

In fact, business education was ranked the third among the 15 programme major categories, according to the statistics.

2. Versatility

As an undergraduate business degree holder, you can either begin your own personal business or you can work in a variety of companies or organizations and positions with a business related degree.

The important of business education to students cannot be overestimated. For example, business, as an undergraduate experience, ought to be preferred to any other discipline of study for its flexibility with respect to the process of starting to develop one’s careers.

Quite interesting too, a more general business administration degree, that is combined together with training and also with experience can intact, leads to securing jobs in finance, and in management, and in marketing as well as in operations.

Management degrees, for instance, provides wide education for every individual, who may wish to earn a career in some sort of business management.

More so, with more specific business-related degrees, for example, say in finance or in marketing, students can have some career options.

For instance, too, a student with Marketing degree can work in advertising company or in marketing organizations, or in public relations organization, or in sales organization, as well as in customer service and market research organization.

Read Also: The Role Of Citizenship Education In Nigeria

3. Acquainted With Business Driven Economy

Irrespective of how a student uses his business degree professionally, that aspect of education he received can actually equip him to function more efficiently and effectively in a business-driven economy.

As an undergraduate business education degree holder, he can understand how businesses fit into the wider economic landscape of this country.

His understanding and awareness of business motives and business operations will help positions him as one of the effective consumer.

Even though, he stumbled in a non-business related career, whether it is in social work or it is in education, his work is bound to carry some aspects of interaction with other businesses.

Social workers, for example, are some of those workers, who commonly interact with either for profit and/or nonprofit businesses for the purpose of helping clients to find support and also to find assistance programs.

4. Internships

Internships, for instance, are considered as the common requirements in business-related degree programmes. Although most students see internship or the hands-on work experiences as being necessary evils toward undergraduate degree programme, the internship programme can actually help introduce students to potential career opportunities.

In some aspects, a student can actually get internships in a particular field and in a particular company which can turn out to be a perfect fit for him or her.

Read Also: Importance Of Citizenship Education In Nigeria

This situation can also lead to immediate or automatic employment on graduation. In other situation too, a student can find a passion for a particular industry or a particular job function, but he or she has to explore other available companies.

And students must understand that, even when the internship does not necessarily lead to a career, the internship can actually provide the students with valuable business experience which can help increase their knowledge and skills and as well, makes them more sellable and appealing to their future employers.

5. Mix of Education and Mix of Experience

Successful students in the business environment normally have a mix of education and a mix of experience and all of these must be related to business concepts and business principles.

Students can spend so much time in trying to earn a degree in business education especially, in the early years of their career pursuit, which perhaps they would have rather hone their knowledge and skills via practical experience.

But even at that, education has been an invaluable instrument for building a successful business career, it has even made students specialize in a specific and particular industry and in a particular sector. Business education, to be frank, has many advantages, particularly on the students who studied it.

Conclusion

Business education has helped in teaching students about the very traditional and current business methods and business management techniques.

Business education has helped students to understand business methods technicality and how to run a  successful business and why businesses failed.

Read Also: Business Education Curriculum In Nigeria

So those educated business owners and business managers usually use this information in order not repeat a failed attempt in businesses.

Business education can also alert students about the upcoming changes that are imminent in the business environment, and they have to work towards averting any negative change in the business environment.

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Joseph Athanasius

Joseph Athanasius is a Content Developer at InfoGuideNIgeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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