Business and Management

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Summary

  • Business and Management requires you to have good analytical and problem solving skills
  • The field of Business is wide-ranging from accounting, finance, economics, marketing, management to international business
  • You may study Business and Management through Foundation of Business, Diploma and/or Degree of your specialised course

Introduction

Introduction

Business and Management is the study of systems where goods and services are provided in exchange for something of value. A Degree in Business and Management is designed to give you an understanding of business models: how they function, how to run them on daily basis and how to possibly expand them in the future.

If you choose to study Business and Management, you will need to have good analytical and problem solving skills as you will be expected to observe patterns in business reports. You will also need to be able to work with other people, both as leader and team player. You will find yourself constantly be among people – whether they are your customers or clients, partners or bosses – hence, you must be capable of expressing yourself clearly, and at times, persuasively.

‘’you may also apply your skills in corporate communications, human resource, logistics, management consulting, market research, real estate, telecommunications, media and advertising’’

A Degree in Business and Management will not only prepare you for a career in banking and financial planning, but it also exposes you to many areas of businesses. You will also be able to develop your knowledge in the field by obtaining a Professional Qualification pertaining to your specialisation (e.g. ACCA for accountants and CFA for investment analyst). The most popular path to obtain your Professional Qualification part-time whilst working full time as a Degree holder. Many business schools also offer internationally recognised Master’s Degree in Business Administration (MBA) that focuses on skills required for careers in business and management. Most MBAs require relevant working experience.

Various Fields Available

Depending on your major, you will have the required knowledge and skills to enter any of these business fields. Some Degree in Business and Management allows you to take a complementary major in another field of Business.

Fields

  • Accounting analyses, summarises and reports the state of financial health of a company.
  • Finance relates to the management of money and wealth.
  • Economics studies how the economy interacts its players – businesses, consumers and government policies.
  • International Business studies the operations of multinational companies.
  • Management studies the planning, organisation and direction of employees to achieve company objectives.
  • Marketing relates to communicating the value of a company’s product or services to its customers.

Types of jobs

  • For more info, refer to Diploma and Degree: Accounting
  • For more info, refer to Diploma and Degree: Finance
  • Accountant
  • Bank executive
  • Corporate financier
  • Economist
  • Financial planner
  • Fund manager
  • Insurance agent
  • Investment analyst
  • Marketing executive
  • Research analyst
  • Stock trader
  • Entrepreneurs

Successful people/ companies

  • Amartya Sen, a Bengali Indian economist and philosopher, often referred to as the ‘Mother Teresa of Economics’, has humanised the once dismal science, focusing on practical economic ways of redressing poverty and thereby alleviating human suffering.
  • Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. Its founder, Jack Ma, is the first mainland Chinese entrepreneur to appear on the cover of Forbes.

Education Pathways

There are several pathways towards a Business Degree after your Secondary Education. You can choose to pursue a Pre-University course, a Foundation in Business or Arts in your chosen university or a Diploma. Upon completion of any of those qualification, you will then be eligible to pursue a Degree in Business and Management.

Types of qualifications

  • Foundation in Business or Arts
  • Diploma in Business and Management
  • Degree in Business and Management
  • Professional Qualification (e.g. ACCA, MICPA, CPA Australia, CIMA, ICAEW, CFA, CIPM)
  • Master’s Degree in Business Administration

Entry requirement

  • Good pass in Secondary Education. Subject prerequisites may apply.
  • Minimum 3 credits in Secondary Education. Subject prerequisites may apply.
  • Good pass in Secondary Education and a Pre-University course, Diploma or Foundation in Business or Arts.*
  • Depending on the qualifications.
  • Degree in Business, letters of recommendation and relevant working experience.

Duration of courses

  • 1 year
  • 2 to 3 years
  • 3 to 4 years
  • 1 to 4 years
  • 1 to 2 years

*As a rule of thumb: ‘A’ Level minimum 2 Es; STPM minimum 2 Cs; Australian Pre-University minimum of ATAR 50.0; CPU minimum average of 65% in 6 subjects; Diploma minimum CGPA of 2.0; Foundation in Business or Arts minimum CGPA of 2.0.