As we venture into 2020, we’re seeing new business trends emerging that will impact the way we learn and the paths we take.
The main factors driving business trends in 2020 are changes in world economies, new technologies, and increased globalization.
In 2020, the internet continues to drive global business trends. We’re no longer seeing the borders that once separated us from pursuing business overseas. Offline businesses continue to transition online as the digital landscape evolves. The gig economy is in full swing as more people pursue self-employment every year.
The question remains: will these emerging business trends affect the paths we choose to take? Does continued education play a role in these changes? Are there some degrees more worthy of pursuing than others as business trends evolve?
In this article, we’ll go over how you can keep up with the latest business trends by pursuing a future-proof degree this year. Here are 3 of the best degrees you can take advantage of to prepare for the coming business trends in 2020.
Entrepreneurship
Degree: BA (Hons) in Business Management (Enterprise)
- Average salary: €142,290
- Projected growth: 9.58%
- Key courses to take: Capital Management, Global Business, Product Development
According to Eurostat, there were 32.6 million self-employed people in 2018, accounting for 14% of the European population. This number is expected to rise over the coming years, as one in four Millennials report wanting to own their own business.
In 2020, as worldwide internet access becomes and more readily available, many traditional employees are venturing into the world of online entrepreneurship to give them more freedom to travel.
If you’re thinking about pursuing your own business, BA (Hons) in Business Management with a major in Enterprise is one of the best business programs you can take to stay ahead of the entrepreneurship curve in 2020.
E-Commerce
Degree: BA – Bachelor of Arts in Digital Business, Design & Innovation
- Average salary: €114,749
- Projected growth: 8.75%
- Key courses to take: Emerging Information Technologies, Data Mining, Analysis of information & E-systems
According to Accenture, worldwide sales from offline commerce channels will drop by 20% by 2021. Every year, retailers continue to transition from offline to online e-commerce as technology improves. As businesses equip themselves with increasingly sophisticated marketing technology, it becomes increasingly important to equip yourself with the latest digital skills.
If you’re thinking about pursuing a career in commerce, then you should consider the Bachelor of Arts in Digital Business, Design & Innovation. It’s one of the top programs you can enter that will give you the digital skills to take on the ever-changing world of e-commerce in 2020.
International Business
Degree: BA (Hons) in Business Management (International Business)
- Average salary: €66,030
- Projected growth: 7.9%
- Key courses to take: Emerging Markets, Global Outsourcing Strategy, Global Banking
Following the trend of ever-increasing globalization, the world is seeing a continued emphasis on international trade. Exports today are over 40 times larger than they were in 1913, according to Our World in Data. Due to the vast number of economic shake ups in recent history, nationals are looking outside their borders for new trade opportunities.
Governments are also imposing fewer regulations on cross-border movements than they did 10-20 years ago. No longer are citizens feeling ‘stuck’ doing business in their own countries, which is giving way to increased international business.
If you’re hoping to pursue a career that reaches beyond your borders, you can rest assured the education you’ll receive in the BA (Hons) in Business Management (International Business) will give you the confidence you need to take on the global market in 2020.
