Best Business Degree Tier List 2022 version all right a lot of people you know don’t respect business degrees and i’ve broken down on this channel time and time again how business degrees are pretty good when you look at the statistics if you look really deeply into it getting a business degree usually is a good investment,
And on top of that they’re not going to be as difficult as getting something like a physics degree or an engineering degree right so there are a ton of positives to getting a business degree for the right person they can be fantastic and i have a lot of fantastic free content on this website but if you are somebody who wants to take it to the next level.
We are going to start right off the bat with the s tier degrees so right off the bat management information systems this is one that kind of combines you know business degree with technology degree specifically with an emphasis on information systems and this one without a doubt is,
The best on the entire list this is the new meta in my opinion everything is moving towards being technology-based the technology industry in my opinion is probably the best industry to work in.
You see jobs for instance on sites like indeed.com or glassdoor.com the ones that have the highest job satisfaction rating usually are in the tech industry and so people get paid really well in tech they’re very satisfied with their job.
There’s tons of opportunity and on top of that later on if you want to start a business that is one of the best industries to start a business in as well so learning technology skills especially if you also have a little business in there can be a fantastic combination. this one is without a doubt s tier.
Now these next two are also asked here but i would say management information systems is the best and the first one we’re going to talk about is going to be finance now one thing i will say about getting a finance degree is it is a little bit of a high risk but also high reward type of degree.
So what i mean by that is with the other two that are in s tier you don’t really have to do too much research for you to you know choose the degree if you’re somebody who’s not 100 sure what you want to do those two would probably be better options,
However i will say that a finance degree probably has the highest upside out of any degree on this list so in post that i did on the degrees that create the most millionaires and the degrees that create the most billionaires as well as careers that create the most millionaires and billionaires.
You saw that people who get finance degrees and they work in finance related careers are not only a part of the top one percent but in many cases they’re a part of the top like 0.01 so we’re talking about like hedge fund managers for instance.
These are the types of people who just make absolutely ridiculous amounts of money now getting into these types of jobs doing a lot of these finance related jobs is extremely competitive super competitive you’re probably going to be working like 80 hours a week.
You know there’s all this news coming out about goldman sachs and how hard they were working their employees and all that stuff i’m sure you guys have heard about that and you know that’s legit okay you if you go into this industry you need to expect to work ridiculously long hours.
But the upside is also very very high okay so very competitive environment but for certain types of careers getting a finance degree can be fantastic however i will say if you haven’t done your research and you know exactly what you want to get into the other two degrees in s-tier are probably going to be better options. just because of the fact that they’re more flexible so with that being said finance is going into ester.
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Next on the list is going to be accounting and accounting is great because you can get a lot of the same jobs as somebody who goes into finance however it’s more flexible so for instance there’s over a million accountants in the united states of america,
And that means that if you go into accounting and let’s say you want to become like a tax accountant and then you work a few years and you realize i do not want to do this for 40 years right you’re just dead bored with it it’s very easy for you to switch to a different career.
There’s lots of different sub careers within accounting and you can even work outside of accounting because it’s such a flexible degree so when it comes to the pure numbers in terms of how much you make accounting is a little bit below on average finance,
And mis but it’s the most flexible as well so that’s the reason that i actually moved accounting up i think last time it was an a tier and this time it is going to be in estier all right.
So next on the list is going to be a degree that isn’t technically a business degree but a lot of the time they’re going to be competing for the same jobs so it pretty much is one and so that’s going to be economics now economics made it onto the list of the degrees that create,
The most millionaires i believe it was in the top five and there is a reason for that economics and business degrees in general not only teach you employable skills that are going to directly lead to you making money aka getting a job,
But it also teaches you some intangible skills that later on down the line are going to lead you to success as well so things like understanding the economy are going to help you to invest they’re going to help you to recognize opportunities they’re going to help you.
Understand the importance of saving and kind of like running your life almost like a business and if you ever want to become an entrepreneur and start your own business it’s going to help you there as well,
And that’s why you see these business degrees time and time again coming up on the list very high when it comes to the degrees that create the most millionaires so economics is going to go into a tier.
Supply Chain Management
Next on the list is going to be supply chain management and this is a really good one that in my opinion is very underrated now we all saw the rise of amazon and one of the biggest reasons why amazon became so successful is because,
They are masters of supply chain management and it’s going to be all about getting something from point a to point b point a being you know the factory where it’s produced point b being the end product user and there is a lot that goes into that creating the product
Storing it shipping it out getting it there very fast these are all things that amazon has mastered and creating and optimizing these processes is a super valuable job it might not be you know something that a lot of people are super passionate about it’s not the sexiest career ever,
But it is super super valuable this one has fantastic statistics when you look at the numbers this one is going to go into a tier.
Next on the list is going to be international business and this is one where when you look at the numbers it doesn’t really just pop off the page it’s not fantastic but i think it has a lot of upside whether you like it or not everything is becoming more and more global okay,
The world is starting to change business is becoming more international and that’s only going to get more and more common it’s not going to slow down and there is a ton of nuance that goes into international business doing business in and with other countries and,
So this is one where the numbers aren’t fantastic right now but i’m pretty bullish on it in the future i’d say this is kind of like a dark horse candidate right now i’m actually going to put it into b tier and it could rise up into a tier maybe even s tier in the future.
Sales and Business Marketing
Next on the list is going to be sales and business marketing a relatively common degree that’s why i made it on the list and i think as a skill sales and marketing are two of the most valuable skills that you could possibly learn in my opinion it can be a little bit tough to learn,
These things in a classroom i think they’re probably better taught in the real world but there are some things that you can learn in the classroom setting and so overall the numbers are okay on this one it is going to go into b tier.
Next one on the list is going to be marketing and this kind of goes along the same lines it’s something where you know marketing is you know malleable it changes you know from year to year in different countries it’s going to be different in different industries selling different types of products marketing is going to be different,
And this is where the term of you know meta comes up right the meta right now might be oh this type of marketing is working really well but five years from now it’s not working really well anymore and you need to find something that works better,
And it’s really difficult for schools to keep up with this and so yes you can learn some base knowledge that’s going to help you in school but in my opinion the best way to get knowledge when it comes to business marketing sales all that sort of thing is to just go out there and either get a job or start your own business but with that being said the numbers here are not too bad for marketing and i’m going to go ahead and put this one into b tier.
General Business Degree
Next on the list is going to be a general business degree and this is one that i’ve talked about before general business degrees are not super valuable just because of the fact that they are way too general right so business degrees are already flexible enough in the first place.
There’s so many different jobs you can get in just about any industry working for any company with just about any type of business degree and so there’s no need for it to be any more flexible because when it gets even more flexible then you’re not really becoming an expert on a specific subject you’re kind of just a jack of all trades,
And it’s much better for you to learn specialized knowledge but with that being said when you look at the numbers general business degrees are not horrible and so for that reason i’m going to go ahead and put this one into c tier.
Next one on the list is going to be an entrepreneurship degree and this is one where you know they try to teach you how to be an entrepreneur in school i have a huge problem with this one because even more than the sales,
Or the marketing you cannot learn how to be an entrepreneur in a classroom setting so classroom settings are going to teach you the rules and as an entrepreneur you have to go out there and figure out what the market actually wants right,
Because what they wanted five years ago is not the same as what they want now what they wanted 10 years ago isn’t the same either you know you want to figure out what problems the market has and then figure out how you can solve those problems but with that being said the numbers on this one are not great,
But they’re also not absolutely horrible i think that people who tend to you know get entrepreneurship degrees want to become entrepreneurs and those are the types of people that are more likely to be successful probably,
Because as i’ve talked about in my other post the best way to become a millionaire statistically speaking is to start your own business or i should say the most high probability way of becoming a millionaire at a young age statistically speaking is to start your own business so i’m going to go ahead and put this one into d tier.
Next on the list we’re going to talk about business administration and this one is very similar to a general business degree but the numbers are even worse and so it has a lot of the same problems as a general business degree you know you know business degrees are flexible enough as they are and,
So there’s really no need to just have this kind of like general like oh you kind of know a little bit about everything sort of thing going on and so for that reason it’s going to go into deter.
Human Resource Management
Next on the list is going to be human resource management, and this is one where it’s got a huge problem i made an entire video about this one but it’s got a huge problem where if you want to become a human resource manager you don’t have to have a human resource management degree there are many people who get into human resource management with psychology degrees for instance and,
So you are competing against other people who have much more flexible degrees they can do other careers whereas you’re pretty much pigeonholing yourself into one career and that is a huge problem right so if you really know what you want to do you know you want to get into human resource management
And you definitely have done your research you know exactly what you’re getting yourself into this might be a good degree and you know when you look at the statistics it’s okay but it’s just a really risky one guys so so just be careful with this one i’m going to go ahead and put it into d tier.
Health Management Or Health Administration
Next one on the list is going to be health management or health administration and this is one where you might see it advertised like on the side of a bus or on a sidewalk or on a bench or something along those lines there’s kind of a lot of sketchy schools a lot of the time they’re kind of the for-profit like online schools that advertise,
This type of degree so when you look at the numbers it’s not amazing however i will say i did a lot of research on this one and i will say that if you get a human resource management degree from a good reputable university this one can pay off a lot of the time people are already health care professionals.
So they might be a nurse or a pharmacist or a doctor or something like that and then they also get a degree in health administration and that might help them to move up in the hospital and become like an executive in the hospital system,
So overall i’m going to go ahead and put this one into c tier with the caveat of you do need to make sure that you go to the right school oh and i kind of forgot to mention same thing kind of goes with a finance degree with a lot of these degrees up there,
It really doesn’t matter all that much which school you go to but with the finance degree if you’re aiming for one of those really high up jobs one of those really difficult jobs to get into on wall street for instance the school you go to actually does matter that’s just a little side note i just wanted to add that in there because i forgot to mention that and then the.
Random Management Degrees
Next one on the list is going to be random management degrees this is something i see schools doing a lot in a lot of different subjects where they’ll just take this super random thing and then they’ll just tack the word management onto it so for instance office management parks,
And recreation management and when you look at the statistics on these they are absolutely horrible people are not getting a good return on investment for these types of degreesso be careful when they tack the word management onto like random stuff like that,