Do you aspire to manage people someday? Feeling the itch to make your impact in the corporate world? Are you trying to find a degree programme that will prepare you to one day fill those enormous shoes? Perhaps you are undecided between a career in business management and a career in hospitality management. Or how the two degrees might affect your job prospects in different ways. Not to worry, though; EHL Insights has analysed the benefits and drawbacks of each degree option so you can make a well-informed choice.
Let’s start at the beginning: what are the primary distinctions between business management and hospitality management programmes? To do so, we will examine each topic in turn and see what it can mean for your future in the workforce.
The Business Management Degree: What is it?
A Bachelor of Science in Business Management is a well-rounded programme that teaches students about managing businesses and organisations. A sense of efficiency, a firm grasp of systems, and an awareness of the interplay between external forces, such as economic shifts, and the internal functioning of an organisation are all honed. Topics including corporate strategy and policy, market dynamics, customer needs, and information and communication technologies are also discussed.
Most business management degree programmes incorporate case studies and real-world scenarios into their instruction, with a focus on European and global business challenges. Time management, analysis and critical thinking, problem and decision making, numeracy, presentation, and research abilities are just a few of the transferable skills taught. Students get the tools necessary to make informed business decisions based on accurate interpretations of financial and business data.
With a degree in Business Management, what doors open?
Business management coursework is generally taken in tandem with another discipline, such accounting or marketing, due to the breadth and generality of its subject matter. A graduate diploma in law can be used as a stepping stone to other legal professions and specialisations, as well as an MBA or other graduate degree programme. A graduate training scheme is a good option for those who want to specialise in a certain business function.
Business administration majors often enter fields including consulting, HR management, marketing, sales, and insurance. Numerous sectors offer job opportunities, including utilities, construction, chemicals, healthcare, and even the fashion industry. Graduates’ abilities are in high demand in both the for-profit and non-profit sectors. Positions that come to mind are:
- Analyst of business operations
- Expert in business strategy
- A manager of business development
- Director of Projects
- Safety officer
- Leader of the supply chain
- Certified Public Accountant in Finance and Management
- Specialist in analysing data
Exactly what does one study in college to become a professional in the hospitality industry?
A degree in Hospitality Management, like a Business Management degree, provides in-depth knowledge of the inner workings of businesses and other organisations. Students learn how to lead and delegate tasks, work in teams, communicate effectively, use technology, analyse data, and solve problems, among other management-related abilities.
However, the Hospitality Courses curriculum is structured to fit the needs of the hospitality industry. Which is synonymous with excellent customer service. This adds variety to the curriculum by focusing on the development of a deep understanding of the needs of the customer. And the strategies for meeting those needs, drawing on a desirable blend of hard and soft skills. And, in the case of top-tier hospitality management programmes, insights from affective hospitality. The goal of this exercise is to teach students to put themselves in the shoes of their customers. So that they can provide the best possible service to those customers.
Students must rise to the challenge of a highly competitive, rapidly evolving field in which they will gain extensive practical experience. In numerous fields beyond the hospitality industry, graduates will benefit from the acquired resilience.
With a degree in Hospitality Management, what doors open up for you?
A degree in Hospitality Management can be used in a wide variety of fields. Including the private, public, and nonprofit sectors. Hotels, convention centres, event spaces, taverns and pubs, restaurants, airlines, railroads, hospitals, schools, and the military forces are all potential places to work. Regular job titles include:
- Managing Director of a Hotel
- Hotel manager
- Administrative Assistant at a Conference Facility
- In charge of running a bar
- In-charge of a dining establishment
- Manager of Catering
- Chef planner for an event
A degree in hospitality management equips students with transferable and in-demand skills. As well as an impressive work ethic that can lead them in any number of professional directions. There are a wide variety of industries from which one can choose, including but not limited to: Marketing, sales, public relations, human resources, customer service, tourism, finance, and accounting.
A Bachelor’s degree in Hospitality Management, like a Business Management degree, can provide a solid foundation for advanced study. Or professional development in the field. Students interested in gaining experience in the field and honing their abilities to understand and cater to the needs of a diverse range of consumers may wish to consider hospitality management as a major.