Have You Heard Of FAME Fields Of Study?


Students who attend top schools, such as West London College (known for its business subjects in hotel and tourism management, marketing and finance and accountancy) have come to appreciate how business courses can make learning more interesting by inter-relating these subjects under the popular acronym of FAME – finance, accounting, management and economics. These four subjects are among the most influential fields of study at graduate level universities and business schools in the UK and world.

Why Studying Business is Smart:

Today, graduates of business schools command higher salaries and, in most cases, can obtain a position before they graduate. That is because the subject of business, as the FAME acronym indicates, touches on most facets of society. Therefore, obtaining a business degree is synonymous with achieving a level of diversity in your search for a dream job or career. Because careers in business usually command better salaries and are, as indicated, more diversified, some students quickly see the wisdom of studying business and making a career in the field their primary goal and objective.

A Diverse Field:

There are a number of business degrees from which to choose, each offering varying specialisations and advantages and each applicable to individuals at different phases of development. Indeed, some people who obtain business degrees are in very different careers when they graduate.

Categorising the Subjects:

The term “business degrees” is generally understood to mean that this type of education includes a fairly wide range of coursework, with some of the subjects highly specialised while other topics are described as interdisciplinary in nature. Other topics are more academic while some business subjects mainly concentrate on professional or practical development. Each of the types of disciplines is further classified by tiers or levels and by types of degrees – either direct or supplementary in their focus.

Therefore, some of the subject curriculums include management sciences, finance, computer science, accountancy, finance, sociology, entrepreneurship, law, modern languages, human resource (HR) management, strategic management and economics.

Professional Development:

At the lower tier of study, most students obtain a foundation as to the varying facets or aspects of the business world. This enables them to choose a spsecilisation. For higher degrees, business studies are focused on a specific aspect of business, although some schools do allow some amount of flexibility in the development of course material.

Business administration, accountancy and finance and marketing are all subject areas that can be further explored. When students go on to advanced classes, they have already usually obtained a significant amount of professional expertise. Therefore, at this point in their career, they are concentrating on developing professionally.

The Practical Application of Theory:

Whatever level of study you are pursuing—whether beginning or advanced—you can expect that all business degrees will place a strong emphasis on a practical application of theory, whether it is introduced in case studies, in project and team work or in solving certain tasks. Often placement schemes and internships are also incorporated in the learning process.

The combination of an academic challenge and the focus on practical application makes the prospect of business study very appealing for anyone who has an entrepreneurial bent or who is attracted to collaborative yet competitive activities. However, the choice to study business is mainly contingent on an individual’s desire to pursue a specific subject area, such as accounting or marketing.

It is not surprising that even business grads who specialise in accountancy then can wear one of many hats in this niche area of business. Some business grads may even take jobs that you normally would not associate with business. Business grads can be found in roles in finance departments – one area that hires a lot of business graduates, as well as other sectors, such as business consultancy, retailing and human resources. The plenitude and variety of careers in business truly underlie the appeal of the subject for many of the students interested in the industry.

If you have just begun an interest in business and do not know how to proceed or you have just graduated with a business degree, you may be considering entering one of the many graduate training schemes that are featured by worldwide conglomerates and companies. These kinds of schemes frequently permit graduates to spend time in traineeships in various areas of the company’s business as well as different regions internationally. Doing so allows the trainee to finally realise the best career track to pursue his studies.

You might also obtain a degree in business and pursue a role in a company called an SME (small-to-medium-size enterprise). The degree can also be utilised in non-profits, NGOs, start-ups and charities. If you have a unique idea and the business acumen to support it, you might even consider pursuing the entrepreneurial route.

Research shows that business grads who pursue a degree in entrepreneurship often outrank their peers when it comes to salary. Most grads who pursue an entrepreneurial calling in the field can earn 100,000 pounds per year in a very short time – provided, of course, they have a keen insight into the various areas of business.

Indeed, the business grad can really test his interests in business when he holds a degree. Graduates can assume roles in such areas as management consultancy, marketing, teaching and training, chartered accountancy, retail buying, advertising and market research. Many grads also go on to pursue jobs as public relations officers, bank managers or insurance underwriters. Sales managers, consumer products specialists and logistic managers can also all hold degrees in business.

As indicated, the salaries of business grads are far better than many of their peers, which, in turn, is at the heart of an individual’s motivation to pursue a degree in business. While acquiring a degree in business does not guarantee a high salary, it certainly will open doors for a graduate where a higher wage can be discovered and found.

If you are assessing the merits of a degree in business, you will find there are many advantages and benefits to this field of study. The field is diverse so you can explore and find your true calling in the industry.