Many MBA schools now offer a range of double major or degree programs, from a joint degree in Electrical Engineering to International Relations, or even a J.D. Six of our majors are designated as science, technology, engineering, and mathematics majors, which help students excel in high-demand roles that require both business and technical acumen. Before you decide to become a double major student, it's important to know what it entails and how it can affect your college life. In a competitive market, you need every edge you can get. As part of your finance course of study, you would develop analytical skills and the ability to dissect complicated financial reports and documents. In no specific order, the top ten double-major combinations here at ASU's W. P. Carey School of Business are delineated as follows. For instance, two majors in chemical engineering and art history will result in a double major at these schools, while two majors in business and economics will be a dual major. Say, for example, that you majored in both psychology and sociology. You would, however, end up with only one degree, such as a master of business administration in finance. Alongside an MBA program, students can also create their own double major program. and a B.S.? Additionally, dual degrees are not permitted when pursuing two business majors. In order to graduate with two degrees, you need to do a lot more work than students graduating with just one major. MBA candidates with concentrations in consulting made $101,108 early in their careers, which was $8,306 more than any other field of study. The Second Major is a non-Honours major. Bachelor of Business in Management and International Business (Double Major) "For my self-improvement and to better understand business and management skills, I opted to advance my studies. Pursing a double major is not just possible, it’s common. Some of the best double majors for business administration can highlight a core MBA subject such as finance, marketing, strategy, or economics. Considering the pros and cons of double majoring is much easier when you fully understand exactly what a double major looks like at your school. A double major, sometimes called dual major, is a student who completes two sets of degree specialization requirements, generally while receiving only one degree — a degree with a double major. You can study a double degree in Business or Commerce, giving you the opportunity to expand your business skills. She is the author of "College Stress Solutions" and features on many media outlets. While it can open up your career opportunities after graduation, there are definitely some challenges with double majoring. Kelci Lynn Lucier has worked in higher education for over a decade. Advertising, promotions and … Plan carefully, including consulting with appropriate university counselors in both areas, to minimize completion time by choosing a second major that complements your MBA. A double major is the perfect choice for you if your plans for the future can’t be confined to one area of study. While double majors have been a popular way to balancea deep study of the humanities with traditional degrees in the sciences, basic tabulations suggest that the percent of workers with a double major has been roughly constant, or even decreasing, over the past six years depending on how one restricts the sample. Management consulting is a versatile discipline and could lead to employment in a variety of fields or in the world of startups and entrepreneurs. The Pros and Cons of Getting a Journalism Degree in College, How to Transfer Colleges: A Guide for Success, The Ultimate College Graduation Checklist. In the United States, undergraduate programs toward a bachelor's degree often follow a liberal arts model, and have a set group or type of coursework together with a specialization, called a major—a double major … With the Double Degree in Business Administration and Law, in just five years you’ll have earned two official degrees and developed a multifaceted, differentiated professional profile. A double major, or dual major, is the act of pursuing two majors, with both typically falling under the same degree. Listing your double major on your resume highlights your commitment to learning, achieving goals and developing in your career field. It is important to note that you'll be held to specific major requirements at the time you declare your major(s), not the requirements of the major when you were admitted to the college. It's a question facing many college students. School of Business; C. School of Computing; D. School of Continuing and Lifelong Education; E. Faculty of Dentistry; F. School of Design & Environment; G. Faculty of Engineering; H. NUS Graduate School for Integrative Sciences and Engineering; I. Specialization simply means that you take a specified number of upper-level courses in a related field in addition to meeting requirements for an MBA. At these institutions, a double major consists of two majors in completely different areas of study while dual majors are two majors in two similar areas of study. Business students pursuing a dual degree outside the College of Business may not pursue a second major within the ThoughtCo, Aug. 28, 2020, thoughtco.com/what-is-a-double-major-793118. Business Analysis Stream students are eligible to take one more of the following majors as their second major: (with 5 pairs of combination provided for students to decide) Business Economics (BE) Finance (FIN) Information Management (Business Intelligence) (BI) As an entrepreneurship major, you could find yourself in mid-level management, consulting, sales, research, and development (R&D), not-for-profit fundraising, or teaching. Talk to other students who are double majors. 50 Differences Between College and High School, How to Finish Your College Degree by Enrolling in an Online School, The Definition of an Undecided or Undeclared Major. Foreign Language Requirement for College Admissions, 10 Things You Should Know Before You Start College, How to Answer "What Can I Tell You About Our College?". If you double major, the majors are usually within the same school. What Is the Difference Between a B.A. A joint or dual degree program is the most intensive educational option. Entrepreneurship is also a popular double major for MBAs, with a less-impressive early career paycheck of $70,300 per year but a mid-career average of $139,000, a difference of $68,700 between that and starting pay. According to Poets&Quants, the top-earning MBA concentration in 2018 was consulting. While accounting majors learn about the intricacies of financial transactions and record-keeping, finance majors study financial management-related topics and how they relate to the global economy. To double major or not? In the course of fulfilling the degree requirements, LAS students may complete the minimum requirements for a second program of study in LAS. One of the perks of being at W. P. Carey is the business core that every major, from finance to public policy, shares. Double majors. I chose Murdoch University as it is a reputable institution in Singapore and I was familiar with it. You won't have a lot of space in your schedule for electives or classes that you find interesting if they don't count toward your degrees. Investopedia uses cookies to provide you with a great user experience. Wharton University of Pennsylvania. The details of exactly what that looks like during your time in school will vary. Since MBA degrees tend to be generalist degrees that are applicable in any corporate industry, students need to think about what the best double majors for business administration are in their field. (2020, August 28). Knowing dance is a tough way to make a living, I'm encouraging her to double major in business and dance and still be able to graduate in 4 years. A double major that relates to the job you are applying for shows employers that you have extensive knowledge and qualifications in your field, which can help you stand out from other candidates. Because an arts-related major doesn’t cover business principles, this double-major combination equips creatively talented students with skills in marketing, accounting, management and economics to help them succeed. In fact, 25% of Lerner students choose a double major so they can develop knowledge and skills in two areas equally. For instance, you might declare majors in both English and Philosophy or Business and Economics. (Multiple majors cannot be declared across colleges. In terms of the best MBA concentration programs, consulting, entrepreneurship, and corporate finance are popular and lucrative options. As a double major falls in the middle of the three in terms of intensity, an examination of three of the highest-paying areas of MBA concentration may be helpful in deciding if the extra time and effort are worthwhile. A master of business administration (MBA) degree is one of the most sought-after degrees for professionals looking to scale the corporate ladder. 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