You can learn a lot of valuable lessons in college as a young entrepreneur. And you will eventually have to pick a major if you attend a college or university.
Many young entrepreneurs choose to pursue either a business degree or an entrepreneurial degree. But what is the difference between business and entrepreneurial education? Which degree is better for you and your goals?
To help you in your decision about picking a college major, here’s some helpful info about the differences between these two common degrees for young entrepreneurs.
What is a Business Degree?
A business degree is a general degree that helps students learn important skills and concepts needed to manage a business. Business degrees include a wide range of topics about business including money, marketing, law, human resources, business management and more topics.
Business degree programs also teach leadership skills, presentation skills, communication skills, problem-solving skills, critical thinking skills, research skills and other needed skills.
Many business schools also offer graduate programs where students can study for an advanced degree.
What is an Entrepreneurship Degree?
An entrepreneurial degree is a more creative degree, compared to a general business degree. Entrepreneurial programs focus more on starting new businesses and coming up with business ideas. They cover topics including common mistakes and problems new businesses deal with as well as how to create, run and build a successful business.
Entrepreneur degree programs also cover creating concepts for new businesses, products and services that will sell. Students studying for this degree are taught about performing market research, legally registering business entities, keeping track of their organization’s finances and more.
Entrepreneurship degrees also teach many of the same topics that business degrees teach, especially marketing and finance. (But not every college offers an entrepreneurship degree and, of course, some programs are better than others. Check out this ranking from U.S. News and World Report for more information.)
Takeaways: Which Degree Should I Choose?
If you want to go into business for yourself, then an entrepreneurial degree could be a better fit for your goals, compared to a business degree. But if you’re considering being part of one or more traditional companies and/or businesses in the future, then a business degree could work for you.
A business degree can also work for students who aren’t sure what they want to do in the next few years or so.
Both degrees often lead to high-paying opportunities and both cover similar topics in the classroom. And you can succeed in the business world with either degree or neither.
So, use this information to make the best decision for the goals and plans you have during your college years and beyond.
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