5 Common Myths About Getting A Business Degree

Getting a business degree is often a ‘safe’ option for many high school graduates who are confused about their direction in life. It also tends to be a fallback for people who are simply after money and nothing more. There are even people who choose a business degree based on a few years of careful planning and research, which has lead them to desire some generally specific career in the field. However, there are five myths about getting a business degree that everyone should know.

A Business Degree = Winning Lottery Ticket

Although it’s very possible to make enough money to build a new planet with the help of your business degree, no degree and no school is going to magically transform you into a millionaire. It’s true that getting a business degree is typically a lucrative career, what with the goal being to make money and all, but it entails a lot more than the degree itself. First of all, you have to be remotely intelligent or very good looking. If you’re very attractive, you can be kind of stupid and probably get away with it. Fatties, make sure you’re not smoking weed or drinking very much — you’ll need all that brainpower. Besides having to actually work very hard for long hours in order to become successful, there’s also the little economic problems the world has been facing as of late. The job seekers keep flooding in, but the jobs aren’t increasing. MBA’s are becoming more and more popular, increasing the competition for jobs in that field. Ultimately, the quick ticket to success in most areas is having well-connected friends.

You’ll Learn Everything You Need to Know About Business

A business degree will give you the knowledge and tools you need to work in or start your own business, but it can’t teach you everything you need to know about the art of becoming a successful business person. That’s because a lot of this knowledge is learned first-hand; many successful entrepreneurs will tell you that the learning process still hasn’t stopped — the building of their business happened along with a lot of trial and error, which includes making mistakes with hard lessons. Don’t expect to step out the doors after graduation and into an environment where everything will instantly fall into place and work like a neat math equation. In every field, hard times are expected to occur and can be positive experiences if that person can learn from them. It’s a good idea to read as many interviews, bios, and articles on successful businesses and their owners so that you can get a better idea of what to expect when delving into the world of business.

You Need One to be Successful

There are plenty of wildly successful entrepreneurs who never went to college at all. In today’s society, we put a huge emphasis on the college degree and how important it is to one’s success. We’ve created this illusion that without a degree, a person is on a path to McDonald’s or the cardboard box behind it. It’s nothing more than a fantasy designed to frighten people into schooling. This is not to say that school is useless; school is often incredibly useful and helpful, both in the way of bestowing knowledge and a degree which is recognized as a token of qualifications and success by many employers. However, the geniuses and erratic school defiers who have chosen a different path of success — and made it happen — show us that a business degree is not absolutely pertinent to success. You can absolutely make it on your own. As long as you’re smart, dedicated, have support and help from others, and are willing to spend a great deal of time and energy working on your business, college is not a necessity. Today’s society is also bathed in media, from the internet to digital cameras and other highly effective tools which most of us already know how to use quite well. An innovative, motivated individual can certainly make it happen without four years in school and a mountain of debt to show for it.

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You’re Smarter Than Others Without an MBA

A business degree doesn’t make you smarter than anyone, dummy! It teaches you lots of facts and statistics you’ll be using to make someone else the big bucks, and probably not to get rich yourself. According to Forbes, most business degree students are lemmings who are somewhat clueless and tend to follow the herd. You’re not going to learn the magic secrets of business, but rather some blanket applications which may be irrelevant when applying them to specific situations that need tailored solutions. Ultimately, your most valuable knowledge will come from experience and the help of mentors, if you’re able to find any good ones. Finding an older, experienced business person willing to share his or her knowledge of the game with you is absolutely invaluable. Not only can it stop you from making terrible mistakes, but it’s one of those things that actually can make you smarter than others — the older business person with a serious track record of success will have some gold nuggets of wisdom to impart upon you, all mined from long hard years of firsthand experience.

Location Doesn’t Matter

Just because you’ve achieved a business degree doesn’t mean you can go absolutely anywhere and casually find a great job opportunity. Location absolutely does matter, especially if you’re living in the middle of nowhere. With the current insurgence of MBAs and the poor state of the job market, choosing to live in an extremely rural area will definitely limit your options — especially if you’re fresh out of college. Businesses want people with experience, not simply a business degree. Location is even more important if you’re considering starting or owning your own business instead of working for someone else’s. The shipment of materials to and from the business, handling costs, and other location-related issues have to be carefully considered before opening a business. You might think opening a five star sushi restaurant in the middle of Kentucky is a great idea, but you’ll have to think about getting all that fish to the restaurant and making sure it stays fresh. On the same note, a new fish market may not want to open next to four other fish markets because the competition is already extremely high.

These are just some of the things to consider when thinking of pursuing a business degree. Make sure you’ve done an adequate amount of research before choosing this major and are doing so out of a genuine desire, not just to ‘play it safe’ or ‘get rich quick’ — otherwise, you may be sorely disappointed.