Overview of Business Double Major Degrees
If you want to hit the business job market running after graduation, you may want to consider a double major. Fulfilling the requirements of majors in two areas of business or an additional major on top of a business major may be a good way to either broaden your knowledge across disciplines or to deepen your expertise in a certain field. But which secondary major should you pursue? The answer to this question depends on many variables. It is important to consider how a second major will complement your first major and whether the combination makes practical sense in the real world. Learn more about how to navigate this choice, including possible double major combinations, admissions requirements, expected coursework, and career prospects.
Admission Requirements for Business Double Major Degrees
Admission to almost any undergraduate business degree will require the completion of an application and submission of high school transcripts and standardized test scores such as the ACT and SAT. Once accepted, many schools will allow a student in their junior year to declare a double major contingent upon satisfactory grades in their first two years of study. It is important to discuss this with an academic counselor prior to declaring so that feasibility issues and a firm plan can be ironed out. Some schools may require satisfactory completion of certain prerequisites depending upon the additional major a student chooses, so you may want to start planning a double major early in your college education.
Coursework for a Business Double Major
Coursework for a business double major may include classes aimed to train students in economics, management, accounting and other subjects central to business. Where coursework might vary more, however, could be in an interdisciplinary major a student declares. Below are some common courses from which students may expect to choose.
Required in many business major core curricula, students can expect to take classes in operations management. These courses aim to equip students with the tools to maintain the ongoing processes upon which many companies rely. Courses in operations management may cover strategic, planning, and operational management issues so that students can become well versed in transforming resources into products and services.
Most undergraduate degrees in business will offer coursework in finance. These courses will likely cover the tools needed to make wise investment decisions with company funds. This could include long term and short term investment strategies, issues of risk versus return, and fund acquisition and management.
Economics is a popular major, as it lends a breadth of market knowledge. If one chooses to declare a major in economics one will likely be expected to take multiple courses in macroeconomics, at least to the intermediate level. Macroeconomics courses typically deepen a student's understanding of the subject while teaching complex methods of analysis for national and international economic problems.
Sourcing and Supply Management
Another popular major is supply chain management, the discipline dealing with the purchasing, transportation, and distribution of goods and resources. If a student chooses to declare this as a major, they may be required to take courses in how to source and purchase materials or products in a supply chain context. Courses like this may cover such topics as supplier quality, global sourcing, and legal and ethical purchasing considerations.
In today's global economy it might be beneficial for a student to declare a major in a foreign language. China is central to the global marketplace, and those wishing to steer their careers internationally could consider becoming highly proficient in Chinese. Though China is a major player, students may also consider majoring in other foreign languages such as Spanish, Japanese, or German, for the same purposes.
How to Choose a Business Double Major
Before one commits to any particular school or double business major program, one ought to consider a few important questions. The first thing to consider is how majors will complement each other. Majors such as accounting, economics, and human resources are popular in business and can build skills valuable to a career in the business sector. It may seem a stretch to pair a business major with math, psychology, humanities or the arts, though these can be valuable, depending on a student's ultimate aims. Secondly, consider the reputation of a school's business department. Research whether or not the department is well regarded in the business world. Thirdly, a student should consider their own interests, goals, talents, and personalities to ensure that both majors are well suited to their professional aims.
Career Options with a Business Double Major
Those with a business double major could find themselves working across a broad range of careers. Depending on their double major combinations, some may take their knowledge and skills into accounting, actuarial, managerial, or executive positions to someday become leaders in the business and financial sectors. According to the U.S. Bureau of Labor Statistics, as of May 2018 the median wage for business or financial occupations was $68,350 per year. Those who pursue a business double major may be able to use their broad knowledge and expertise to pursue even higher paying careers. Read below for some fitting career opportunities for someone with a double business major.