Study Business & Management Studies: A Comprehensive Subject Guide
Delve into the dynamic world of Business & Management Studies with our comprehensive subject guide. Explore key topics, career prospects, and essential insights to embark on a successful business education journey.
Table of Contents
What is Business & Management Studies?
Business & Management is a multifaceted field that lies at the heart of nearly every organisation, from small startups to large corporations, non-profits, and government agencies. It encompasses the knowledge, strategies, and skills needed to navigate the complex landscape of modern commerce and administration.
At its core, Business & Management involves the art and science of planning, organising, leading, and controlling resources to achieve specific objectives. These objectives may include maximising profits, expanding market reach, fostering innovation, ensuring sustainability, or delivering exceptional products and services to customers.
Why Study Business & Management Studies?
Studying Business & Management Studies offers a multitude of compelling reasons, making it a popular and versatile academic choice. Here are some key motivations to consider:
Versatility: Business & Management skills are applicable across various industries, from healthcare and finance to technology and hospitality. This versatility means you can adapt your expertise to a wide range of career opportunities.
Leadership Development: Business programmes often emphasise leadership skills, equipping you with the ability to manage teams, make strategic decisions, and lead organisations effectively.
Entrepreneurship: If you aspire to start your own business, a background in Business & Management provides valuable knowledge in areas like business planning, marketing, finance, and operations.
Problem Solving: Business education hones your critical thinking and problem-solving abilities, helping you tackle complex challenges and find innovative solutions.
Global Perspective: In an increasingly interconnected world, understanding global markets and international business practices is essential. Business programmes often include global perspectives, preparing you for an international career.
Networking: Business school provides an excellent environment for networking with peers, professors, and industry professionals, which can open doors to job opportunities and collaborations.
Financial Literacy: You’ll gain a deeper understanding of financial concepts, which is beneficial for personal financial management and investment decisions.
Innovation and Technology: Business programmes often incorporate the latest technological trends and digital strategies, essential for success in the modern business landscape.
Best Universities for Business & Management Studies in the UK
Here is a list of the top UK universities in this field according to the latest QS World University Rankings:
| Rank | University Name |
|---|---|
| 1 | University of Oxford |
| 2 | King's College London, University of London |
| 3 | University of Bath |
| 4 | UCL (University College London) |
| 5 | University of Warwick |
| 6 | London School of Economics and Political Science (LSE) |
| 7 | University of Exeter |
| 8 | University of St Andrews |
| 9 | Durham University |
| 10 | City, University of London |
| 11 | University of Leeds |
| 12 | Loughborough University |
| 13 | University of Manchester |
| 14 | University of Bristol |
| 15 | The University of Edinburgh |
| 16 | University of York |
| 17 | University of Strathclyde |
| 18 | Cardiff University |
| 19 | University of Birmingham |
| 20 | University of Glasgow |
| 21 | Lancaster University |
| 22 | University of Nottingham |
| 23 | University of Southampton |
| 24 | University of Sheffield |
| 25 | University of Reading |
| 26 | University of East Anglia (UEA) |
| 27 | University of Liverpool |
| 28 | Newcastle University |
| 29 | Queen's University Belfast |
| 30 | University of Surrey |
| 31 | Bangor University |
| 32 | University of Aberdeen |
| 33 | Aston University, Birmingham |
| 34 | University of Kent |
| 35 | University of the Arts London |
| 36 | University of Sussex |
| 37 | Swansea University |
| 38 | Nottingham Trent University |
| 39 | Royal Holloway, University of London |
| 40 | Queen Mary University of London |
| 41 | Heriot-Watt University |
| 42 | SOAS University of London |
| 43 | University of Portsmouth |
| 44 | Ulster University |
| 45 | University of Leicester |
| 46 | University of Stirling |
| 47 | University of Lincoln |
| 48 | Aberystwyth University |
| 49 | University of Dundee |
| 50 | Northumbria University, Newcastle |
| 51 | University of Hull |
| 52 | Oxford Brookes University |
| 53 | Glasgow Caledonian University |
| 54 | University for the Creative Arts |
| 55 | Robert Gordon University |
| 56 | Keele University |
| 57 | Bristol, University of the West of England |
| 58 | University of Central Lancashire |
| 59 | University of Essex |
| 60 | University of Winchester |
| 61 | Brunel University London |
| 62 | University of Chester |
| 63 | Bournemouth University |
| 64 | University of Plymouth |
| 65 | Manchester Metropolitan University |
| 66 | Edge Hill University |
| 67 | Liverpool John Moores University |
| 68 | Bath Spa University |
| 69 | University of Brighton |
| 70 | Sheffield Hallam University |
| 71 | University of Salford |
| 72 | University of Worcester |
| 73 | Liverpool Hope University |
| 74 | Coventry University |
| 75 | University of Bradford |
| 76 | Edinburgh Napier University |
| 77 | University of Chichester |
| 78 | Leeds Beckett University |
| 79 | Royal Agricultural University |
| 80 | University of Huddersfield |
| 81 | Queen Margaret University, Edinburgh |
| 82 | St Mary's University, Twickenham |
| 83 | University of Hertfordshire |
| 84 | University of Buckingham |
| 85 | University of Derby |
| 86 | University of East London |
| 87 | University of Gloucestershire |
| 88 | University of Westminster, London |
| 89 | University of South Wales |
| 90 | Birmingham City University |
| 91 | Staffordshire University |
| 92 | Kingston University |
| 93 | Teesside University, Middlesbrough |
| 94 | University of Greenwich |
| 95 | York St John University |
| 96 | De Montfort University |
| 97 | Cardiff Metropolitan University |
| 98 | University of Roehampton |
| 99 | University of Wolverhampton |
| 100 | Solent University (Southampton) |
| 101 | University of West London |
| 102 | Canterbury Christ Church University |
| 103 | Middlesex University |
| 104 | Anglia Ruskin University |
| 105 | Goldsmiths, University of London |
| 106 | University of Cumbria |
| 107 | University of Northampton |
| 108 | London Metropolitan University |
| 109 | University of Wales Trinity Saint David |
| 110 | London South Bank University |
| 111 | Leeds Trinity University |
| 112 | University of the Highlands and Islands |
| 113 | Abertay University |
| 114 | University of Bolton |
| 115 | University of the West of Scotland |
| 116 | University of Sunderland |
| 117 | Birmingham Newman University |
| 118 | University of Bedfordshire |
| 119 | Buckinghamshire New University |
| 120 | Falmouth University |
| 121 | University of Suffolk |
Entry Requirements for a Business & Management Studies Degree
Entry requirements for a Business & Management Studies degree in the UK can vary depending on the university and the specific programme. However, here are some general guidelines and typical entry requirements:
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Educational Background: Most universities require applicants to have a high school diploma or an equivalent qualification. Some may also accept students with vocational qualifications or access courses.
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A-Level Qualifications: For students in the UK, A-levels in subjects like Business Studies, Economics, Mathematics, or related subjects are often preferred. Typical offers may require A-level grades in the range of AAB to BBB.
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International Baccalaureate (IB): For international students, a typical IB score requirement might be in the range of 32 to 36 points, including bonus points for specific subjects.
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BTEC and Vocational Qualifications: Some universities accept BTEC Level 3 Extended Diploma or other vocational qualifications in Business or related subjects. Entry requirements for BTECs can vary, but they may require DDD to BBB grades.
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GCSE or Equivalent: Universities may also consider GCSE or equivalent qualifications. You might need a minimum of 5 GCSEs (or equivalent) with grades A*-C, including English and Mathematics.
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English Language Proficiency: If English is not your first language, you will likely need to provide proof of English language proficiency through tests like IELTS or TOEFL. Typical IELTS requirements may range from 6.0 to 7.0, depending on the institution.
Jobs for Business & Management Studies Graduates
Here are the career prospects for graduates in this field:
Business Analyst: Business analysts assess and analyse business operations, processes, and data to provide recommendations for improvement and efficiency.
Management Consultant: Management consultants work with organisations to solve complex business problems, improve performance, and implement strategies for growth.
Marketing Manager: Marketing managers plan and oversee marketing campaigns, advertising, and promotional activities to increase product or service sales.
Financial Analyst: Financial analysts evaluate financial data, trends, and investment opportunities to help individuals and organisations make informed financial decisions.
Human Resources Manager: HR managers are responsible for recruiting, training, and managing employees, as well as handling workplace policies and employee relations.
Entrepreneur/Startup Founder: Business & Management graduates can start their own businesses or join startups to develop and manage their ventures.
Sales Manager: Sales managers lead sales teams, set sales goals, and develop strategies to achieve revenue targets for products or services.
Supply Chain Manager: Supply chain managers oversee the end-to-end process of sourcing, producing, and delivering products to customers efficiently.
Financial Manager: Financial managers are responsible for managing an organisation’s financial health, including budgeting, financial planning, and investment decisions.
Operations Manager: Operations managers ensure the smooth functioning of day-to-day business activities and improve processes for efficiency.
Accountant: Accountants manage financial records, prepare tax returns, and provide financial advice to individuals and organisations.
Market Research Analyst: Market research analysts gather and analyse data about consumer preferences, market trends, and competition to help companies make informed marketing decisions.
Retail Manager: Retail managers oversee the daily operations of retail stores, manage staff, and ensure a positive customer experience.
Project Manager: Project managers plan, execute, and oversee various projects within an organisation, ensuring they are completed on time and within budget.
Business Development Manager: Business development managers identify growth opportunities, create partnerships, and develop strategies to expand a company’s market presence.
Data Analyst: Data analysts collect, process, and interpret data to provide insights and support decision-making within organisations.
Business Graduates Employment Rate
A significant 71.6% secure employment, with key roles revolving around business, sales, and HR. Notable positions include sales and marketing professionals, finance experts, and administrative roles. A minority, 5.7%, opt for further study, while 10.6% balance work and study. Temporary unemployment is at 6.8%, and 5.3% fall into other categories. In terms of roles, 24.3% contribute to business and finance, 19.6% engage in marketing and sales, 14.4% take on administrative positions, and 10.9% work in retail and customer service. The remaining 30.8% explore diverse career paths, showcasing the adaptability of business management graduates.
Salary for Business & Management Studies Graduates
Check out the average salary for graduates in this field:
Low skilled: £20,000
Medium-skilled: £21,900
High-skilled: £26,000
Topics for Business & Management Studies Dissertation
Below, we present a diverse array of research areas, each offering an opportunity to delve into the complexities of Business & Management Studies and make a significant contribution to its advancement:
Strategic Management: Investigate how organisations formulate and implement strategies to achieve their goals in a rapidly changing business environment.
Entrepreneurship and Innovation: Explore the factors that drive entrepreneurship, innovation processes, and their impact on economic growth and development.
Sustainable Business Practices: Research sustainable and responsible business practices, including corporate social responsibility, ethical decision-making, and environmental sustainability.
Leadership and Organisational Behavior: Study leadership styles, employee motivation, team dynamics, and their influence on organisational performance and culture.
Marketing and Consumer Behavior: Examine consumer preferences, decision-making processes, and the effectiveness of marketing strategies in a digital age.
Finance and Investment Analysis: Analyse financial markets, investment strategies, risk management, and the impact of economic factors on financial decision-making.
Supply Chain Management: Investigate supply chain optimisation, logistics, and the integration of global supply chains for efficient operations.
Business Ethics and Corporate Governance: Explore ethical dilemmas in business, corporate governance practices, and their impact on organisational success.
International Business and Globalisation: Study the challenges and opportunities of operating in a global market, including cross-cultural management and international trade.
Innovation in Technology Management: Research how emerging technologies such as AI, blockchain, and IoT impact business processes and competitiveness.
How Much Does it Cost to Study in the UK
One of the most important things to consider is how much the degree is going to cost. Here is a general guide for 2023/2024:
- For home students in England, universities can charge up to a maximum of £9,250 per year for an undergraduate degree.
- In Wales, institutions can charge up to £9,000 for home students. However, Welsh students can apply for a fee grant to cover some of the cost of their tuition fees. This grant is currently not repayable or income-assessed.
- Northern Irish universities will charge up to £4,275 for home students and may charge up to £9,250 for students from elsewhere in the UK.
- Scotland does not charge home students fees at the undergraduate level; however, students from England, Wales, or Northern Ireland are expected to pay up to £9,250 per year. International students from outside of the UK will pay significantly more to study in Scotland.
- International students can expect to pay between £10,000 and £26,000 annually for lecture-based undergraduate degrees at universities across the UK. An undergraduate medical degree can cost overseas students up to £58,600 per year. As for postgraduate degrees, the average cost is estimated to be around £17,109 per year.
Other Subjects to Consider
Frequently Asked Questions
Consider your interests, passions, and career goals. Research various degree programmes and their content to see which aligns best with your aspirations.
While earning potential is important, it’s also crucial to select a degree that you’re passionate about and suits your skills. A balance between your interests and potential career prospects is ideal.
Location can impact your overall university experience. Consider factors like cost of living, proximity to industry hubs, and personal preferences.
Evaluate tuition fees, available scholarships, and potential for part-time work. Create a budget to ensure you can manage your finances during your studies.
Consider combining your passions with practical skills. For example, if you love art but want job security, explore fields like graphic design or digital marketing.
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