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    How to Choose the Right Business Major for You

    October 25, 2016

    You know that you want to major in business, but you don’t know exactly which discipline is the right one for you. Maybe you became interested in business while still in high school or maybe you're undeclared and have taken a couple exploratory business courses, either way, you're not sure whether you want to embrace the numbers with accounting or if you want to explore your more creative side and go with marketing. Fear not! We are here to help.

    The UW College of Business offers baccalaureate degrees in accounting, economics, finance, management, and marketing.

     

    Accounting

    Accounting could be the major for you if you enjoy business mathematics and the role accounting systems play in businesses and the government. According to mymajors.com, an ability to focus on details, remember the laws that come into play, and a broader view of how organizations function are important factors in choosing the major.

    Accounting majors must be willing to work hard and learn the necessary skills that the career path requires. Possible career paths include certified public accountant (CPA), CFO, bank examiner, certified financial planner (CFP), business manager, certified internal auditor (CIA), Internal Revenue Service agent, FBI Special Agent, among others.

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    Economics

    Economics may be the major for you if you are interested in the science of how trade links human motives to social order. Analytical skills are a must for any econ major. The course of study is less specific than other business disciplines, but it allows for flexibility and customization for your career path.

    A degree in economics can lead to many high-paying jobs. According to an article on petersons.com, some of the jobs held by economic majors include market analyst, real estate agent, urban planner, policy analyst, business forecaster, research assistant, and statistician. They also state that positions available to economics majors are only expected to grow.

     

    Finance

    If you enjoy problem-solving, research, working with complex computer programs and creating and managing budgets consider a major in finance. The finance major is largely focused on problems associated with asset valuation and investment decisions, at both the personal and corporate levels.

    According to collegeboard.com, “As a finance major, you'll learn how to plan for the long term. It’s not enough for a company to be ahead of the pack today -- it has to be successful five, ten, even twenty years down the line.”

    Potential career paths for finance majors include positions in corporate finance, financial planning, insurance, public accounting, commercial banking, investment banking, hedge funds, private equity and venture capital.

     

    Management

    A degree in management is the right choice if you are interested in understanding business and human behavior, as well as developing strategies to succeed in business ventures. If you enjoy leadership roles, have solid communication, planning, and problem-solving skills then you will do well in management according to The College Board.

    Possible career choices include general and operations manager, management analyst or consultant, management consultant, and project manager according to an article on worldwidelearn.com.

     

    Marketing

    A major in marketing might be the right fit for you if you are interested in consumer behavior, product development, market research, the psychology behind purchasing decisions, and effective methods of getting products and services to customers. Marketing allows students to embrace both their creative and analytic sides states collegeboard.com. A marketing degree from the University of Wyoming will give you all of the skills necessary to help businesses understand how to find and keep customers.

    A marketing degree gives you a breadth of career options and allows you to work in almost any sector. Some career options consist of product manager, franchiser, marketing manager, fund raiser, market researcher, sales manager, media buyer, sales promotion manager, and public relations director.

     

    The Next Step

    Picking a major can certainly be nerve-wracking, but that doesn't mean it has to be a difficult process. By focusing on what you enjoy and what you are interested in you will be able to find the business major that best suits the career that you want.

    For more help with deciding on the right major or to declare a major visit the College of Business Academic Advising Office.