Business education engages teaching students the fundamentals, theories, and processes of business. Education in this field occurs at numerous levels, including secondary education and higher education or university education. Approximately 38% of students enroll in single or more business courses during their high school tenure
Business is taught as an educational subject at secondary level in many countries,includingAustralia,Canada,Hong Kong,Nepal, India, Ireland, New Zealand, Pakistan, South Africa, Sri Lanka, Zimbabwe, Argentina, Sweden, Tanzania, Malaysia and the United Kingdom. At pre-tertiary height, it is frequently called Business Studies, and usually combines elements of accountancy,economics,marketing, organizational studies and economics
At the university level, students have the chance to take undergraduate degrees, usually a bachelor’s degree, in business and management. Specific curricula and degree-granting actions differ by program and by region. In general though, the program will comprise either preparation for management and common business, or a detailed focus on a specific area. Regardless, all will usually include basic selections such as Accounting, Marketing, Finance, and Operations Management.
Management-directed programs are designed to give a broad knowledge of the functional areas of a company, and their interconnection, and also to develop the student’s practical executive skills, communication skills and business decision-making capability. These programs thus incorporate training and practical knowledge, in the form of case projects, presentations, internships, industrial visits, and interaction with experts from the business.
At the graduate school level, students seek a variety of master’s degrees, either in common management–very commonly the MBA–or in a specific area, such as marketing or finance. A further distinction is that scholars pursuing postgraduate degrees often have some business experience, although this is not always a program obligation.
Corresponding to both of these, graduate degrees in business and management are usually of two sorts. On the single hand, programs such as the Master of Science (M.Sc) or Arts (MA) or Commerce (M.Com) in General Management (sometimes too called Master in Management, or MIM) usually do not require professional knowledge.
(Often the M.Sc in Management is for graduates with a first academic degree in a social science, while the MA in Management is for other background.) On the other hand, the Master of Business Administration (MBA) requires a minimum of two to three years of professional skill and is open for graduates from any field. A related distinction: the M.Sc in Management is more specific than an MBA, and is more suited for academic research, while the MBA is more business and management-focused. The Master of Engineering Management, MEM, is aimed at graduates with an engineering background.
At the doctoral level, all degrees offered are research focused, although they do differ as regards their relative weightings of theory vs. practice. Typically, the DBA, DPA, DHA and D.Mgt emphasize managerial practice alongside study; relatedly, the theses for these degrees will often focus on applied research. The other doctorates here are (exclusively) theory and examine based.