This field of education occurs at multiple levels, including secondary and higher education At secondary level, Business Studies, as it is often called, typically combines elements of accountancy, finance, marketing, organizational studies, human resource management and economics.
Business is taught as an academic subject at high school level in many countries, including: Australia, Bangladesh, Canada, Hong Kong, India, Ireland, Lesotho, Nepal, New Zealand, Pakistan, Nigeria, South Africa, Sri Lanka, Zimbabwe, Argentina, Sweden, Tanzania, Malaysia and the United Kingdom.
Many school systems (additionally) examine accounting and economics as separate subjects; these offering a more technical orientation than the course in general business.
Even in these cases, however, additional to their major, students are exposed to general business principles, taking initial courses in accounting/finance, human resources, statistics, marketing, economics, and information systems.
On the other hand, the Master of Business Administration (MBA) requires a minimum of two to three years of professional experience and is open for graduates from any field.
Particularly in the MBA, the theory is then reinforced, and revisited, also in the classroom setting, through the case method, placing the student in the role of the decision maker, "complete with the constraints and incomplete information found in real business issues.
"[citation needed] Practical learning often comprises consulting projects with real clients, or at least addressing an actual case, and is often undertaken in teams.
The practical elements (as well as the case studies) may involve external practitioners, and sometimes executives, supporting the teaching from academic faculty.
For the topic areas applicable to the thesis component, see List of fields of doctoral studies in the United States § Business management/administration.
Degrees offered here include: An internship is when a person works for a company for a temporary amount of time, typically for a few weeks over the summer or winter.
[14] There is significant evidence that has indicated that completing and internship develops skills essential to success in the business world as well as everyday life.
This connects the current students with alumni in their field, allowing them to hear from people in their career path who were in their place not too long ago.
Many business schools are partnering with companies to develop curricula that align with workforce needs, ensuring graduates possess the skills required by employers.