Compare the Five Most Popular Types of Business Degrees

Types of Business Degrees

With so many types of business degrees available, it can be difficult to decide which degree is right for you. We’ve put together this article with summaries of the five different kinds of business degrees with links to much longer and in-depth articles.

What is a Business Degree?

A business degree is an academic degree awarded to students who have completed their studies in the field of business. These degrees can range from associate’s degrees, to bachelor’s degrees, to master’s degrees and even PhDs.

Business degrees prepare students for a variety of different career paths, depending on the type and concentration of the degree. Common concentrations include accounting, advertising, business information systems, business management, e-commerce, economics, and project management. With a business degree, students gain essential skills like critical thinking, problem-solving, communication, and financial analysis. With the right education and experience earned through a business degree program, graduates can find success in any number of professional positions in the corporate world.

Types of Business Degrees

When it comes to business degrees, there is a wide range of options to choose from. Depending on your career goals and interests, you can pursue an Associate’s in Business, Bachelor’s of Science in Business, Master’s of Science in Business, MBA (Master’s of Business Administration), or Doctorate in Business. Each degree has different concentrations that you can focus on, such as accounting, advertising, business information systems, business management, e-commerce, economics, project management, entrepreneurship, and more. Each type of degree offers its own benefits and skills that can help you prepare for a successful career in the business world.

Associate Degree in Business

An associate in business is a two-year degree program that provides students with an introduction to basic business fundamentals. It is a great choice for those who want to enter the business world quickly, as it can be completed in as little as two years. Associate programs prepare students for entry-level positions in a variety of industries, including accounting, finance, marketing, and sales. In addition to providing students with a basic understanding of business principles, these programs also equip them with the skills they need to succeed in their chosen profession. Common courses include accounting, economics, marketing, finance, and business law.


• Cost-Effective – Associate degrees are typically more affordable than four-year degrees.

• Time Commitment – Associate degrees can be earned in two years or less, compared to the four-year commitment for a bachelor’s degree.

• Flexible – Many associate degree programs are offered online or can be taken on a part-time basis, making them a convenient option for busy students.

• Variety – Associate degree programs offer a diverse range of subjects, from accounting to information technology.

• Job Opportunities – Earning an associate degree can open the door to entry-level positions in business as well as provide a foundation for further education and career advancement.


• Limited Scope – Associate degrees tend to provide learners with basic training in business principles and practices, but usually lack the depth of knowledge and skills offered by four-year bachelor’s degrees.

• Job Competition – Most employers require applicants to hold at least a bachelor’s degree or higher for higher level positions, leaving those with only an associate degree at a disadvantage when competing for jobs.

• Limited Transfer Credits – Credits earned from an associate degree program may not transfer to other universities should the student

Bachelor’s of Science Degree in Business

A Bachelor’s of Science in Business (BSB) is the most common type of degree program for those interested in pursuing a career in the field of business. This type of degree is designed to equip students with the necessary knowledge and skills to enter the business world. It may include courses such as accounting, finance, economics, marketing, entrepreneurship, management, and information technology.

Students learn the fundamentals of business operations and gain a deeper understanding of how businesses operate. They also develop critical thinking, problem-solving, and communication skills that are essential for success in the business world. Earning a BSB can open up many opportunities in various industries, such as finance, marketing, and management.


• A bachelor’s degree in business can open up a variety of career paths.

• It provides students with the necessary skills and knowledge for successful business operations.

• A business degree offers the opportunity to specialize in a particular field or industry.

• It exposes students to real-world problems and provides experience in problem-solving.

• It is a valuable asset when seeking employment, as employers often prefer applicants with a business degree.


• Earning a bachelor’s degree in business requires significant commitment and dedication, making it difficult for those with other obligations, such as family or work.

• A business degree can be expensive and require taking out loans; this makes it difficult for some people to afford the cost of tuition and related expenses.

• The job market is competitive, which means that there may not be many jobs available upon graduation, particularly if you have limited experience or no specialized skills.

• In some cases, employers may prefer applicants who have more than just a bachelor’s degree in business; for example, many businesses prefer applicants who have an MBA or other advanced degrees.

Master’s of Science Degree in Business

A Master’s of Science in Business degree provides students with skills and knowledge to lead in the business world. This degree is designed to offer a more specialized and in-depth education in a particular area of business, such as accounting, marketing, finance, or economics. Students in these programs will learn how to apply data analysis and strategic thinking to complex business problems. This degree can help graduates stand out in the job market and increase their career opportunities.


• Opportunity to Increase Your Earning Potential

• Access to Cutting-Edge Knowledge and Skills

• The Ability to Pursue the Career of Your Choice

• Develop Leadership and Management Skills

• Greater Level of Professional Credibility

• Networking Opportunities with Other Professionals

• Enhance Job Security


• Financial Commitment

• Difficult Coursework

• Time Commitment

• Gaining Admittance Can Be Challenging

MBA – Master’s of Business Administration

A Master of Business Administration (MBA) is the highest degree an individual can obtain in business. It is designed to give students a comprehensive understanding of business principles, processes, and management techniques. An MBA requires two to three years of full-time study, depending on the university.

Most MBA programs require students to complete a variety of core courses, such as economics, accounting, finance, marketing and strategy. In addition, students can specialize in a particular area by taking additional elective courses. Many MBA programs also offer internships and other experiential learning opportunities. An MBA is an ideal choice for those who wish to pursue a career in upper-level management or consulting.


• Improved Job Prospects and Career Advancement Opportunities

• Advanced Knowledge of Management Principles and Practices

• Increased Earning Potential

• Access to Professional Networking Opportunities

• Development of Leadership Skills

• Increased Strategic Thinking Ability


• High Cost of Tuition Fees

• Time Commitment Required for the Program

• Difficulties Balancing Work and School Responsibilities

• Limited Employment Opportunities in Certain Areas

Doctorate Degree in Business

A Doctorate in Business is the highest degree that can be earned in the field of business. This degree is typically earned after completing a Master’s degree in Business. The Doctorate in Business requires the completion of rigorous coursework and research, which can take between four and seven years to complete.

This type of degree is mainly sought out by those who wish to pursue a career in academia, as well as highly advanced business positions. With this type of degree, graduates will have a deep understanding of the complexities of the business world and the skills to develop innovative solutions to complex business problems.


• Develop Expert Knowledge and Skills in Business Theory and Practice

• Opportunity to Specialize in a Specific Area of Business

• Enhance Career Opportunities and Earning Potential

• Reputable Degree with High Level of Credibility

• Ability to Establish Professional Contacts and Connections

• Improved Problem Solving Skills, Research Techniques, and Critical Thinking


• Lengthy Program with Significant Time Commitment

• Expensive Tuition Costs

• Rigorous Requirements for Admission and Graduation

• Limited Job Prospects for Some Fields of Study/Specializations

• Long Hours of Study and Research with Little or No Pay

Different Concentrations within a Business Degree

When it comes to a business degree, there are many different fields of study that you can pursue. From accounting to finance to marketing and beyond, there are a variety of concentrations that students can choose from when selecting the right business degree for them. Accounting degrees, for example, offer students with a solid foundation in financial principles and practices. Financial analysis programs provide the skills necessary to interpret financial statements and make sound decisions related to budgeting and investments. Taxation programs focus on the laws and regulations related to filing taxes, while accountancy degrees provide a thorough understanding of the principles of accounting.

Other areas of specialization within business degrees include advertising, business information systems, business management, e-commerce, economics, and much more. By specializing in one of these areas, you can gain the skills necessary to excel in your chosen field.

Benefits of Earning a Business Degree

Earning a business degree can open up many doors of opportunity in the business world. It can provide the skills and knowledge needed to work in a variety of different industries, from accounting to marketing. A business degree gives you the foundation to become a successful leader and entrepreneur. With a business degree, you can gain valuable insights into the world of business, including how to manage projects, create effective strategies, and develop innovative solutions.

With a business degree, you will have access to a wide range of job opportunities, including those in banking, finance, marketing, and management. Furthermore, a business degree can provide you with the necessary skills to launch your own business or become a successful consultant. With a business degree, you can also gain experience in areas such as economics, management theory, organizational behavior, and strategy. This knowledge can help you stand out in the job market and advance your career.

Skills Gained While Earning a Business Degree 

Earning a business degree can come with a wide range of skills that will set you up for success in the world of business. With an associate degree in business, you will learn the fundamentals such as basic accounting, marketing, economics, and business law. At the bachelor’s level, you will gain more in-depth knowledge in areas such as financial analysis and taxation. Earning a master’s degree or MBA will give you the skills needed to become a leader in the business world. You will be able to take on higher-level responsibilities such as strategic planning, consulting, and project management.

Cost of Earning a Business Degree

The cost of earning a business degree can vary depending on the type of degree and the school you choose to attend. An associate degree may cost anywhere from $4,000 to $10,000 per year. A bachelor’s degree can range from $15,000 to $30,000 per year. Master’s degrees can cost upwards of $40,000 per year and MBA programs can exceed $100,000. However, these costs can vary considerably depending on many factors. See our in-depth reports on business degree program costs. 

Preparing for Your Career After Earning a Business Degree

Once you have earned your business degree, there are many career paths available to you. Depending on your area of concentration, you may find yourself working in sales or marketing, as an accountant or financial analyst, or even as a business consultant or entrepreneur. It is important to research your career options before beginning your degree program so that you can make sure it is the right fit for you.

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